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EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!

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EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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New post 22 Apr 2018, 05:46
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What drives you to get up in the morning and hit those convoluted GMAT books ? Why are you working on the GMAT-prep software until 10PM on a freaking weekend ? Why are you at home working your but off on the GMAT-club tests when you could be out partying or hanging out with friends? It’s easy to get lost in your own head and allow procrastination to put your dreams in a standstill. Simply put- You have a dream and you have to protect that dream.
GMAT is only the first step towards your MBA dream. After one has taken the GMAT, he/she begins to research for the MBA programs that would fit their narrative as to why they need the MBA in the first place. One thing everyone looks at is the rankings. There are numerous rankings, some more flawed then the other, which gives us a general idea about the student body at a particular school. But what about money? How about comparing B-schools based on the amount of money one makes upon graduation from that school?


Image



In this post we are gonna have a single dimensional overview of each school. We would look at how much money a candidate makes upon graduating from XYZ schools, what bonuses are they offered and what other benefits do they receive (including tuition reimbursements, stock options, relocation allowance etc.). Then we are gonna add them all up to get a clearer picture of the AVERAGE COMPENSATION at the Top B-schools in the United States!

A few pointers ->

  • Total Average compensation = Average Base Salary + Average Bonus + Average Others (like Stock options, tuition reimbursements, relocation allowances etc.)
  • MBA Pay Scale Rank is just an attempt to rank the schools based on the average overall compensation
  • While you examine the average compensation at different schools, do not forget to analyse the employment percentages, both - at graduation and at 3 months post graduation
  • These numbers are also applicable to the MBA + MS programs





Average Salary at Top B-schools in the US
MBA Payscale Rank
School
US.News Rank
Average Base SalaryAverage BonusAverage OthersAverage Total Compensation% Employed At Graduation% Employed within 3 months of graduation
1
Stanford
4
$144,455 $29,534$83,065 $257,05463.9%87.6%
2
Columbia
9
$129,096$34,481$57,460 $221,03669.9%89.3%
3
Harvard
1
$137,293$29,855 $53,040 $220,18878.9%89.3%
4
Wharton
3
$135,716$31,214$42,571 $209,50182.3%92.6%
5
Booth
1
$129,442$30,469 $40,504 $200,41588.0%95.3%
6
MIT
5
$128,301$27,872 $28,116 $184,28984.2%93.9%
7
Kellogg
6
$128,192$28,469 $25,422 $182,08381.6% 92.6%
8
Stern
13
$121,146$33,134 $27,177 $181,45779.1% 91.3%
9
Foster
22
$119,904$31,570 $26,462 $177,93685.2% 98.1%
10
Tuck
10
$127,986$30,208 $19,648 $177,84280.2% 91.8%
11
Ross
7
$124,702$30,866 $21,607 $177,175 89.7% 94.4%
12
Darden
13
$124,684$31,966 $19,811 $176,461 83.4% 90.1%
13
Tepper
17
$119,402$30,101 $25,688 $175,191 81.1% 88.6%
14
Haas
7
$125,572$27,926 $21,023 $174,571 66.3% 89.9%
15
Marshall
20
$118,110$28,406 $26,111 $172,627 74.9% 93.6%
16
Yale-SOM
11
$119,371$28,747 $22,125 $170,243 75.2% 90.5%
17
Goizueta
20
$119,665$27,534 $17,024 $164,223 84.6% 92.7%
18
Anderson
16
$119,964$29,073 $12,982 $162,019 74.4% 88.0%
19
McCombs
17
$117,185$28,280 $16,135 $161,600 81.5% 89.9%
20
Johnson
15
$125,578$31,604 NA $157,182 80.3% 90.9%
21
UNC
19
$111,082$23,706 $19,781 $154,569 79.1% 90.8%
22
Fuqua
11
$122,989$30,374 NA $153,363 87.0% 92.6%
23
Marriott
23
$113,349$27,254 $10,672 $151,275 83.0% 94.0%
24
Rice
35
$102,534$19,825 $29,371 $151,730 76.8% 89.4%
25
Olin
23
$106,812$24,440 $18,155 $149,407 72.0% 97.2%
26
Scheller
28
$106,115$25,378 $17,620 $149,113 71.9% 93.0%
27
Mendoza
31
$107,230$20,879 $15,888 $143,997 73.1% 86.1%
28
Eccles
44
$88,143$21,267 $33,041 $142,451 75.4% 91.2%
29
McDonough
25
$112,501$28,516 NA $141,017 68.3% 91.8%
30
Smeal
31
$105,462$21,820 $12,853 $140,135 78.0% 91.5%
31
Owen
26
$113,205$25,232 NA $138,437 75.8% 91.3%
32
Kelley
27
$100,874$22,551 $14,655 $138,080 76.8% 86.9%
33
Simon
44
$102,046$20,354 $12,963 $135,363 71.3% 93.8%
34
Warrington
34
$100,863$15,418 $14,936 $131,217 79.6% 89.8%
35
Smith
48
$100,934$17,512 $12,718 $131,164 65.4% 79.5%
36
Mays
36
$105,910$13,828 $11,219 $130,957 72.0% 90.0%
37
Carlson
29
$106,129$23,071 NA $129,200 82.9% 82.9%
38
SMU-Cox
48
$97,906$18,154 $12,868 $128,928 64.8% 86.7%
39
UIUC
48
$95,295$14,000 $14,000 $128,599 71.2% 80.3%
40
Rutgers
44
$97,546$19,719 $10,125 $127,390 73.6% 88.7%
41
Merage
42
$97,808$16,706 $11,458 $125,972 50.9% 87.3%
42
Carroll
48
$100,698$19,600 $5,000 $125,298 64.2% 85.1%
43
Questrom
42
$95,471$16,229 $13,585 $125,285 59.8% 90.6%
44
Wisconsin
37
$97,237$17,398 $10,284 $124,919 57.8% 85.6%
45
Fisher
31
$96,034$19,163 $8,913 $124,110 80.0% 94.4%
46
Carey
29
$98,633$14,907 $9,291 $122,831 74.3% 95.9%
47
Broad
37
$101,836$18,411 NA $120,247 75.0% 85.3%
48
UC-Davis
37
$95,603$15,500 NA $111,103 82.9% 91.4%
49
Texas-Dallas
40
$87,522$12,314 $7,500 $107,336 41.9% 90.3%
50
Terry
50
$90,250$14,214NA $104,464 75.0% 92.5%

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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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New post 23 Apr 2018, 06:12
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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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New post 04 May 2018, 12:25
StoneCold... some of these numbers differ from what is reported on the schools' website. Any particular reason for that?
Which ones are more trustworthy?
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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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New post 05 May 2018, 00:43
gmat.taker wrote:
StoneCold... some of these numbers differ from what is reported on the schools' website. Any particular reason for that?
Which ones are more trustworthy?


Hi,
Thank you for the query.
The numbers don't differ. These numbers(above) are the latest 2018 employment statistics reported by schools to the US news. On their website, the schools just mention the base salary and the average bonuses. They generally don't mention the average of others compensations that a candidate receives.

Since they were reported by schools to the US news magazine, the numbers above are pretty darn accurate.

Best,
Stone

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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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New post 22 May 2018, 22:17
thanks for this. Is the job scopes applied also for international students ?
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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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New post 03 Jun 2018, 11:40
Great compilation. Im amazed to see the variance between the US News Ranks and Payscale ranks of some colleges, particularly Foster, Yale SOM, Haas, Fuqua, Johnson and Rice. Location is indeed a major factor.
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New post 14 Jun 2018, 06:51
Ananyaroy27 wrote:
thanks for this. Is the job scopes applied also for international students ?


Hi,
Yes! The above information is an average for all the students, which includes the International students too.
However, as for the international students, there might be a small discrepancy in the pay structure due to the immigration mess.


Best,
Stone

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MBA Financing:- INDIAN PUBLIC BANKS vs PRODIGY FINANCE!

Getting into HOLLYWOOD with an MBA!

The MOST AFFORDABLE MBA programs!

STONECOLD's BRUTAL Mock Tests for GMAT-Quant(700+)

AVERAGE GRE Scores At The Top Business Schools!

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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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New post 15 Jun 2018, 09:04
ab_gmat wrote:
Great compilation. Im amazed to see the variance between the US News Ranks and Payscale ranks of some colleges, particularly Foster, Yale SOM, Haas, Fuqua, Johnson and Rice. Location is indeed a major factor.


Location and quite frankly- the pedigree of the school.
Some lower ranked schools(like BYU) have excellent employment numbers.

And BTW- BYU, with over 40 percent acceptance rate, isn't even that difficult to get into. The required LDS endorsement heavily decreases the number of international applications, since people usually apply late whereas the LDS endorsements can take time. So any prospective candidate looking to get into a great B-school- APPLY TO BYU!

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Getting into HOLLYWOOD with an MBA!

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AVERAGE GRE Scores At The Top Business Schools!

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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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New post 25 Jun 2018, 10:16
stonecold wrote:
ab_gmat wrote:
Great compilation. Im amazed to see the variance between the US News Ranks and Payscale ranks of some colleges, particularly Foster, Yale SOM, Haas, Fuqua, Johnson and Rice. Location is indeed a major factor.


Location and quite frankly- the pedigree of the school.
Some lower ranked schools(like BYU) have excellent employment numbers.

And BTW- BYU, with over 40 percent acceptance rate, isn't even that difficult to get into. The required LDS endorsement heavily decreases the number of international applications, since people usually apply late whereas the LDS endorsements can take time. So any prospective candidate looking to get into a great B-school- APPLY TO BYU!


Hello,
Firstly thanks a ton for the effort you've taken.
I have few questions regarding the above-posted stats-
1. It is known that the colleges that publish their annual employment report usually put up the stats of the top 10% students and hence the avg salary we see is only representative of the top 10%. Though there has been a debate over this belief ,I came accross a situation such as the above and hence perplexed as to what exactly is the scenario ! I would like to know your's as well as others' view on this.
2. According to the above post above the avg salaries dont differ much but yet the acceptance rate and thus the selection criteria get stringent as the ranking increases. Share some views on this, please
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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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New post 12 Jul 2018, 23:05
stonecold, Awesome post, Very informational.
It would be great if you could other metrics such as add cost of attendance, scholarships chances/percentages (for international/domestic students), etc.
I couldn't find similar information elsewhere.

Regards
Anuj
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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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New post 14 Jul 2018, 11:07
AdityaHongunti wrote:
stonecold wrote:
ab_gmat wrote:
Great compilation. Im amazed to see the variance between the US News Ranks and Payscale ranks of some colleges, particularly Foster, Yale SOM, Haas, Fuqua, Johnson and Rice. Location is indeed a major factor.


Location and quite frankly- the pedigree of the school.
Some lower ranked schools(like BYU) have excellent employment numbers.

And BTW- BYU, with over 40 percent acceptance rate, isn't even that difficult to get into. The required LDS endorsement heavily decreases the number of international applications, since people usually apply late whereas the LDS endorsements can take time. So any prospective candidate looking to get into a great B-school- APPLY TO BYU!


Hello,
Firstly thanks a ton for the effort you've taken.
I have few questions regarding the above-posted stats-
1. It is known that the colleges that publish their annual employment report usually put up the stats of the top 10% students and hence the avg salary we see is only representative of the top 10%. Though there has been a debate over this belief ,I came accross a situation such as the above and hence perplexed as to what exactly is the scenario ! I would like to know your's as well as others' view on this.
2. According to the above post above the avg salaries dont differ much but yet the acceptance rate and thus the selection criteria get stringent as the ranking increases. Share some views on this, please



Hi, Thanks for the question.
My perspective ->

First off, statement 1 is absolutely rubbish my friend. Whoever told you that was just being diabolical about the school. Schools report the average of the entire participating class (which is almost 98-100 percent of the total strength)
If they make those up or are being cheeky, they loose the rankings. The US news is not that kind you know.

For statement 2, I understand your concern. However, the amount of salary one makes has nothing to do with the rankings/prestige of the MBA schools one attend. Lets talk about MBA in finance for example. I think Notre dame, BC and Simon are all top notch schools for that particular department. Yet, the rankings of those schools vary considerably. Its all about what you wan from your MBA. I am a firm believer in the concept that a FULL RIDE at a TOP 50 school is worth more an admit with no money at a Top 20-25 school! You might disagree to that. And that's fine.

So, are rankings important? YES!
But the personal fit should always override the rankings :cool: :thumbup:

_________________


MBA Financing:- INDIAN PUBLIC BANKS vs PRODIGY FINANCE!

Getting into HOLLYWOOD with an MBA!

The MOST AFFORDABLE MBA programs!

STONECOLD's BRUTAL Mock Tests for GMAT-Quant(700+)

AVERAGE GRE Scores At The Top Business Schools!

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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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New post 14 Jul 2018, 11:12
anuj.bit2k10 wrote:
stonecold, Awesome post, Very informational.
It would be great if you could other metrics such as add cost of attendance, scholarships chances/percentages (for international/domestic students), etc.
I couldn't find similar information elsewhere.

Regards
Anuj


Hi, Thank you for the question.

I can help you with the data for any particular school you have in mind. However, it is impossible to boil down the rankings to a simple metrics which can provide the scholarship chances.

Just as an example -
Schools like Notre Dame, BYU, BU, Madison, Purdue are know to be very very generous with aid(especially Notre Dame and BU)
Schools like Georgetown, Broad, Smeal, Carlson( and many more like them) are not
:cool: :thumbup:
_________________


MBA Financing:- INDIAN PUBLIC BANKS vs PRODIGY FINANCE!

Getting into HOLLYWOOD with an MBA!

The MOST AFFORDABLE MBA programs!

STONECOLD's BRUTAL Mock Tests for GMAT-Quant(700+)

AVERAGE GRE Scores At The Top Business Schools!

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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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New post 18 Aug 2018, 08:30
stonecold wrote:
What drives you to get up in the morning and hit those convoluted GMAT books ? Why are you working on the GMAT-prep software until 10PM on a freaking weekend ? Why are you at home working your but off on the GMAT-club tests when you could be out partying or hanging out with friends? It’s easy to get lost in your own head and allow procrastination to put your dreams in a standstill. Simply put- You have a dream and you have to protect that dream.
GMAT is only the first step towards your MBA dream. After one has taken the GMAT, he/she begins to research for the MBA programs that would fit their narrative as to why they need the MBA in the first place. One thing everyone looks at is the rankings. There are numerous rankings, some more flawed then the other, which gives us a general idea about the student body at a particular school. But what about money? How about comparing B-schools based on the amount of money one makes upon graduation from that school?


Image



In this post we are gonna have a single dimensional overview of each school. We would look at how much money a candidate makes upon graduating from XYZ schools, what bonuses are they offered and what other benefits do they receive (including tuition reimbursements, stock options, relocation allowance etc.). Then we are gonna add them all up to get a clearer picture of the AVERAGE COMPENSATION at the Top B-schools in the United States!

A few pointers ->

  • Total Average compensation = Average Base Salary + Average Bonus + Average Others (like Stock options, tuition reimbursements, relocation allowances etc.)
  • MBA Pay Scale Rank is just an attempt to rank the schools based on the average overall compensation
  • While you examine the average compensation at different schools, do not forget to analyse the employment percentages, both - at graduation and at 3 months post graduation
  • These numbers are also applicable to the MBA + MS programs





Average Salary at Top B-schools in the US
MBA Payscale Rank
School
US.News Rank
Average Base SalaryAverage BonusAverage OthersAverage Total Compensation% Employed At Graduation% Employed within 3 months of graduation
1
Stanford
4
$144,455 $29,534$83,065 $257,05463.9%87.6%
2
Columbia
9
$129,096$34,481$57,460 $221,03669.9%89.3%
3
Harvard
1
$137,293$29,855 $53,040 $220,18878.9%89.3%
4
Wharton
3
$135,716$31,214$42,571 $209,50182.3%92.6%
5
Booth
1
$129,442$30,469 $40,504 $200,41588.0%95.3%
6
MIT
5
$128,301$27,872 $28,116 $184,28984.2%93.9%
7
Kellogg
6
$128,192$28,469 $25,422 $182,08381.6% 92.6%
8
Stern
13
$121,146$33,134 $27,177 $181,45779.1% 91.3%
9
Foster
22
$119,904$31,570 $26,462 $177,93685.2% 98.1%
10
Tuck
10
$127,986$30,208 $19,648 $177,84280.2% 91.8%
11
Ross
7
$124,702$30,866 $21,607 $177,175 89.7% 94.4%
12
Darden
13
$124,684$31,966 $19,811 $176,461 83.4% 90.1%
13
Tepper
17
$119,402$30,101 $25,688 $175,191 81.1% 88.6%
14
Haas
7
$125,572$27,926 $21,023 $174,571 66.3% 89.9%
15
Marshall
20
$118,110$28,406 $26,111 $172,627 74.9% 93.6%
16
Yale-SOM
11
$119,371$28,747 $22,125 $170,243 75.2% 90.5%
17
Goizueta
20
$119,665$27,534 $17,024 $164,223 84.6% 92.7%
18
Anderson
16
$119,964$29,073 $12,982 $162,019 74.4% 88.0%
19
McCombs
17
$117,185$28,280 $16,135 $161,600 81.5% 89.9%
20
Johnson
15
$125,578$31,604 NA $157,182 80.3% 90.9%
21
UNC
19
$111,082$23,706 $19,781 $154,569 79.1% 90.8%
22
Fuqua
11
$122,989$30,374 NA $153,363 87.0% 92.6%
23
Marriott
23
$113,349$27,254 $10,672 $151,275 83.0% 94.0%
24
Rice
35
$102,534$19,825 $29,371 $151,730 76.8% 89.4%
25
Olin
23
$106,812$24,440 $18,155 $149,407 72.0% 97.2%
26
Scheller
28
$106,115$25,378 $17,620 $149,113 71.9% 93.0%
27
Mendoza
31
$107,230$20,879 $15,888 $143,997 73.1% 86.1%
28
Eccles
44
$88,143$21,267 $33,041 $142,451 75.4% 91.2%
29
McDonough
25
$112,501$28,516 NA $141,017 68.3% 91.8%
30
Smeal
31
$105,462$21,820 $12,853 $140,135 78.0% 91.5%
31
Owen
26
$113,205$25,232 NA $138,437 75.8% 91.3%
32
Kelley
27
$100,874$22,551 $14,655 $138,080 76.8% 86.9%
33
Simon
44
$102,046$20,354 $12,963 $135,363 71.3% 93.8%
34
Warrington
34
$100,863$15,418 $14,936 $131,217 79.6% 89.8%
35
Smith
48
$100,934$17,512 $12,718 $131,164 65.4% 79.5%
36
Mays
36
$105,910$13,828 $11,219 $130,957 72.0% 90.0%
37
Carlson
29
$106,129$23,071 NA $129,200 82.9% 82.9%
38
SMU-Cox
48
$97,906$18,154 $12,868 $128,928 64.8% 86.7%
39
UIUC
48
$95,295$14,000 $14,000 $128,599 71.2% 80.3%
40
Rutgers
44
$97,546$19,719 $10,125 $127,390 73.6% 88.7%
41
Merage
42
$97,808$16,706 $11,458 $125,972 50.9% 87.3%
42
Carroll
48
$100,698$19,600 $5,000 $125,298 64.2% 85.1%
43
Questrom
42
$95,471$16,229 $13,585 $125,285 59.8% 90.6%
44
Wisconsin
37
$97,237$17,398 $10,284 $124,919 57.8% 85.6%
45
Fisher
31
$96,034$19,163 $8,913 $124,110 80.0% 94.4%
46
Carey
29
$98,633$14,907 $9,291 $122,831 74.3% 95.9%
47
Broad
37
$101,836$18,411 NA $120,247 75.0% 85.3%
48
UC-Davis
37
$95,603$15,500 NA $111,103 82.9% 91.4%
49
Texas-Dallas
40
$87,522$12,314 $7,500 $107,336 41.9% 90.3%
50
Terry
50
$90,250$14,214NA $104,464 75.0% 92.5%

WHAT ABOUT JOHN MOLSON -QUEBEC CANADA?
_________________

You never FAIL until you stop TRYING

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GMAT Club Bot
Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US! &nbs [#permalink] 18 Aug 2018, 08:30
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EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!

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