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10 Feb 2009, 00:14
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MBA Pay: A Crystal Ball
Exclusive new research shows how much graduates of top business schools earn over the course of their careers
https://www.businessweek.com/bschools/co ... =rss_daily
Exclusive new research shows how much graduates of top business schools earn over the course of their careers
https://www.businessweek.com/bschools/co ... =rss_daily
10 Feb 2009, 00:55
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The survey is interesting, but in the end has major holes. It's interesting to compare these starting salary figures from this report to the starting salary figures from the BW rankings tables. Some schools like Stanford apparently only get $3K extra in total compensation relative to the ranking data, while schools like Wharton are >$20K/year more. I just don't get it...there's clearly some discrepencies between the data sets, which is discouraging, as the data is put out by the same source.
Moreover, this data is completely different than Forbes' 5 year data. Of course the data sets are generated via different means, but the point is that these types of surveys are quite innaccurate, or at a minimum, have a very high standard deviation. Here's a link to the recent Forbes data (well, kind of recent).
https://www.forbes.com/lists/2007/95/lea ... _Rank.html
Forbes claims that at the 5 year mark, graduates from Stanford and Harvard are at $200k in total compensation, whereas the stats from BW are wildly lower (H=150K, S=139K). The numbers from Forbes seem to make more sense to me, but perhaps I'm being optimistic.
Moreover, this data is completely different than Forbes' 5 year data. Of course the data sets are generated via different means, but the point is that these types of surveys are quite innaccurate, or at a minimum, have a very high standard deviation. Here's a link to the recent Forbes data (well, kind of recent).
https://www.forbes.com/lists/2007/95/lea ... _Rank.html
Forbes claims that at the 5 year mark, graduates from Stanford and Harvard are at $200k in total compensation, whereas the stats from BW are wildly lower (H=150K, S=139K). The numbers from Forbes seem to make more sense to me, but perhaps I'm being optimistic.
10 Feb 2009, 06:14
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I think the reason for the discrepency might be this little snippet from the BW article: "The data suffer from some inherent limitations—it doesn't include stock or options". I'm sure a good portion of post-MBA pay comes from these, especially as graduates climb the corporate ladder over their careers. Seems almost silly to exlude those numbers from the figures. Lloyd Blankfein (Goldman CEO), had a $600k salary last year and got nearly $60mm combined in bonus/stock options (42mm from Stock options/awards alone). Kind of changes the figure doesn't it?
