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POLL: How much are you walking away from?

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How much are you walking away from?

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eminent
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Joined: 16 Aug 2009
Posts: 343
Own Kudos [?]: 40 [0]
Given Kudos: 22
Schools:Columbia Business School - Class of 2012
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POLL: How much are you walking away from? [#permalink] New post   02 Jan 2010, 17:11
As we all begin to hand in our resignation letters and notify our employers that we're leaving, I just thought I'd take a quick poll to see how much everyone is walking away from?

Guidelines:

1) Please only reply if you are pursuing a full-time MBA. No part-time or exec MBAs please.
2) Please include annual base salary and bonus/incentive compensation for 2009.
3) This is totally anonymous. There is no need to make a post to this thread. Just reply to the poll.
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Aenigma
Manager
Manager
Joined: 28 Dec 2009
Posts: 245
Own Kudos [?]: 114 [0]
Given Kudos: 13
Location: New York City
Concentration: International Development, Social Enterprise
Schools:Wharton, Chicago, Columbia, NYU, Harvard, Stanford
 Q48  V47
GPA: 3.6 - Ivy
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Re: POLL: How much are you walking away from? [#permalink] New post   02 Jan 2010, 20:21
Nice idea, eminent; I've been curious about this too. Should those of us who have not yet received acceptances participate as well? After all, our current salaries represent how much we would be willing to walk away from if we get accepted this spring.
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eminent
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Joined: 16 Aug 2009
Posts: 343
Own Kudos [?]: 40 [0]
Given Kudos: 22
Schools:Columbia Business School - Class of 2012
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Re: POLL: How much are you walking away from? [#permalink] New post   02 Jan 2010, 20:44
Aenigma wrote:
Nice idea, eminent; I've been curious about this too. Should those of us who have not yet received acceptances participate as well? After all, our current salaries represent how much we would be willing to walk away from if we get accepted this spring.


Yes, I would go ahead and post if you plan to attend this Fall.
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unplugged
Senior Manager
Senior Manager
Joined: 26 May 2008
Posts: 309
Own Kudos [?]: 153 [0]
Given Kudos: 4
Concentration: Strategy, International Business, Finance
Schools:Kellogg Class of 2012
 Q48  V36
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Re: POLL: How much are you walking away from? [#permalink] New post   03 Jan 2010, 05:09
The main poll is OK for USD/Euro/Pound

I suggest including an additional option for international salaries converted into USD just so it doesn't skew the poll result.

Something like - international salary(converted) - below 50K USD or below 100k USD.

Cheers,

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refurb
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Re: POLL: How much are you walking away from? [#permalink] New post   03 Jan 2010, 08:11
Don't forget that you're walking away from paying a lot of taxes too.

RF
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LB20
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Joined: 23 Oct 2009
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Schools:Wharton!!! Stern Columbia HBS
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Re: POLL: How much are you walking away from? [#permalink] New post   03 Jan 2010, 08:19
refurb wrote:
Don't forget that you're walking away from paying a lot of taxes too.

RF


Definitely appreciate that reminder on days when I am freaked out about impending student debt 8-)
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eminent
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Joined: 16 Aug 2009
Posts: 343
Own Kudos [?]: 40 [0]
Given Kudos: 22
Schools:Columbia Business School - Class of 2012
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Re: POLL: How much are you walking away from? [#permalink] New post   04 Jan 2010, 18:20
Thanks to everyone who responded. We ended up with a really nice sample size. I can't say that I'm surprised -- these figures seem to closely mirror the pre-MBA median comp figures that Forbes or BusinessWeek publsh.
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Class2012
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Joined: 18 Jun 2009
Posts: 367
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Re: POLL: How much are you walking away from? [#permalink] New post   04 Jan 2010, 19:35
7% are earning more than 150k.Who would they be? Analysts in IBs?
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eminent
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Joined: 16 Aug 2009
Posts: 343
Own Kudos [?]: 40 [0]
Given Kudos: 22
Schools:Columbia Business School - Class of 2012
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Re: POLL: How much are you walking away from? [#permalink] New post   04 Jan 2010, 19:55
Class2012 wrote:
7% are earning more than 150k.Who would they be? Analysts in IBs?


Anyone in investment banking, private equity, or hedge funds should be there. Most in traditional investment management should be close too.
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rhyme
GMAT Club Legend
GMAT Club Legend
Joined: 05 Apr 2006
Affiliations: HHonors Diamond, BGS Honor Society
Posts: 5916
Own Kudos [?]: 3083 [0]
Given Kudos: 7
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE:Business Development (Consumer Products)
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Re: POLL: How much are you walking away from? [#permalink] New post   04 Jan 2010, 20:27
Those at the < 30K going into consulting or banking are going to feel REALLY rich for a few months. Talk about ROI.
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kinokosarada
Current Student
Joined: 25 Mar 2007
Posts: 97
Own Kudos [?]: 18 [0]
Given Kudos: 2
Location: Hanover, NH
Concentration: MC, Entrepreneurship, GM
Schools:Tuck class of 2012
 Q50  V42
WE 1: 2 years market development (public)
WE 2: 5 years corporate finance (private)
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Re: POLL: How much are you walking away from? [#permalink] New post   04 Jan 2010, 21:26
eminent wrote:
Class2012 wrote:
7% are earning more than 150k.Who would they be? Analysts in IBs?


Anyone in investment banking, private equity, or hedge funds should be there. Most in traditional investment management should be close too.


Older applicants with an expatriation contract in a manufacturing company can do that too. 8-)
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eminent
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Joined: 16 Aug 2009
Posts: 343
Own Kudos [?]: 40 [1]
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Re: POLL: How much are you walking away from? [#permalink] New post   15 Jan 2010, 08:44
1
Kudos
I'm getting depressed looking at my 2009 W-2 and realizing it's going to be halfed in 2010 :(
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Class2012
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Joined: 18 Jun 2009
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Re: POLL: How much are you walking away from? [#permalink] New post   15 Jan 2010, 09:01
eminent wrote:
I'm getting depressed looking at my 2009 W-2 and realizing it's going to be halfed in 2010 :(


Think about how it would be in 2013.That should make you happy. :-D
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theDreamChaser
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Joined: 10 Dec 2009
Posts: 137
Own Kudos [?]: 7 [0]
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Schools:Kellogg Class of 2012
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Re: POLL: How much are you walking away from? [#permalink] New post   15 Jan 2010, 11:23
oh man, there are lot of people making a lot of money going into B-school, no wonder everyone wants to get into high paying banking hedge fund job afterwards, it's all about ROI ROI~
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nola25
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Joined: 16 Nov 2009
Posts: 12
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Re: POLL: How much are you walking away from? [#permalink] New post   29 Jan 2010, 09:12
Remember your stats course guys: self-selection bias.

My guess is that the real distribution is a little more normalized than what we're seeing above. I personally know far more future-MBAers making between $45-65k than $100+
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tan888
Manager
Manager
Joined: 22 Jan 2010
Posts: 100
Own Kudos [?]: 5 [0]
Given Kudos: 15
Schools:UCLA, INSEAD
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Re: POLL: How much are you walking away from? [#permalink] New post   29 Jan 2010, 09:21
Nice post. I always wanted to know about that.
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anu1979
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Joined: 14 Jan 2010
Posts: 122
Own Kudos [?]: 42 [0]
Given Kudos: 17
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Re: POLL: How much are you walking away from? [#permalink] New post   29 Jan 2010, 10:53
My salary is publically available since I'm a civil servant :)

In any case, it definitely upset me when I figured out that I won't be making any more money in salary the first couple of years after b-school than I am right now but while applying I reminded myself that the salary progression I would see after moving into finance would be significantly better than my salary as a federal attorney. My upward mobility has pretty much flattened out here since I reached the highest non-supervisory grade at my agency. Plus, there's the additional benefit of actually being passionate about my job, upward career mobility and job flexibility
User avatar
eminent
Current Student
Joined: 16 Aug 2009
Posts: 343
Own Kudos [?]: 40 [0]
Given Kudos: 22
Schools:Columbia Business School - Class of 2012
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Re: POLL: How much are you walking away from? [#permalink] New post   11 Feb 2010, 14:05
Bump
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gmatclubot
Re: POLL: How much are you walking away from? [#permalink]
11 Feb 2010, 14:05

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