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# MBA career promises: Behind the fancy job stats

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SVP
Status: Burning mid-night oil....daily
Joined: 07 Nov 2008
Posts: 2400

Kudos [?]: 746 [2], given: 548

Schools: Yale SOM 2011 Alum, Kellogg, Booth, Tuck
WE 1: IB - Restructuring & Distressed M&A
MBA career promises: Behind the fancy job stats [#permalink]

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13 Sep 2011, 08:54
2
KUDOS
 MBA career promises: Behind the fancy job statsThey sure sound lovely, but prospective MBAs should not view the school-reported salary averages as a guarantee of a sweet paycheck come graduation day.

http://management.fortune.cnn.com/2011/ ... Stories%29
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Kudos [?]: 746 [2], given: 548

Founder
Joined: 04 Dec 2002
Posts: 15864

Kudos [?]: 29067 [0], given: 5262

Location: United States (WA)
GMAT 1: 750 Q49 V42
Re: MBA career promises: Behind the fancy job stats [#permalink]

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13 Sep 2011, 10:09
Thank you!
Very interesting indeed.

Quote:
Most aggregate salary data for MBA graduates is anything but conclusive. While the Graduate Management Admission Council reports that the median starting salary for 2010 grads was \$78,820 -- with 42% receiving a median \$15,000 signing bonus, PayScale research indicates that the average 2010 starting MBA salary was \$61,000 including bonuses. The PayScale data, which screened for anyone who identified as having an MBA, is drawn from a larger and more inclusive, but probably less elite pool of grads.

This is very interesting as well:
Quote:
"One thing that's absolutely clear is that if you just go to a random MBA program it is not a guaranteed route to a six-figure salary after you finish," Lee says. "The top 20 programs, there's a decent chance that could happen, but once you get out of the top 20, that's just not the case."

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Kudos [?]: 29067 [0], given: 5262

Re: MBA career promises: Behind the fancy job stats   [#permalink] 13 Sep 2011, 10:09
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