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# To make picking a school even harder...

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Intern
Joined: 20 Mar 2008
Posts: 27

Kudos [?]: 2 [0], given: 0

To make picking a school even harder... [#permalink]

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10 Feb 2009, 11:47

Kudos [?]: 2 [0], given: 0

VP
Joined: 28 Feb 2008
Posts: 1323

Kudos [?]: 127 [0], given: 6

Schools: Tuck
Re: To make picking a school even harder... [#permalink]

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10 Feb 2009, 11:57
Something is weird about those numbers.

If you compare Duke and Tuck, Tuck beats Duke in total compensation for every year mentioned, but ends up behind in overall compensation?

How does that happen?

RF
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Kudos [?]: 127 [0], given: 6

Intern
Joined: 05 Feb 2009
Posts: 10

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

Re: To make picking a school even harder... [#permalink]

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10 Feb 2009, 12:04
In my opinion, these numbers have been scaled downwards a lot. As someone else mentioned, I think \$200K is more of a fair number for 5 years out of school for the average graduate of a top program, not 20 years out.

The people whose salaries are published on PayScale.com are likely those who are looking for jobs through pedestrian websites (i.e. likely the bottom 25% of the class at a top school). Once you hit a certain point in your career, you don't use websites like these anymore, but rather connections and top level executive recruiters.

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

Current Student
Joined: 18 Nov 2008
Posts: 39

Kudos [?]: 1 [0], given: 0

Schools: Chicago Booth '11
Re: To make picking a school even harder... [#permalink]

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10 Feb 2009, 12:05
Yup ... something is definitely wrong with that table. Ross and Darden grads make less after five years than they do at graduation?!!!

Kudos [?]: 1 [0], given: 0

GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5926

Kudos [?]: 2192 [0], given: 7

Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
Re: To make picking a school even harder... [#permalink]

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10 Feb 2009, 13:26
yaazol wrote:
Yup ... something is definitely wrong with that table. Ross and Darden grads make less after five years than they do at graduation?!!!

Yea there are some other points in the data where that happens as well.

Kudos [?]: 2192 [0], given: 7

Manager
Joined: 28 Aug 2008
Posts: 101

Kudos [?]: 43 [0], given: 0

Re: To make picking a school even harder... [#permalink]

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10 Feb 2009, 13:36
Average pay 5 years out might actually go down.... consider this:

Upon graduation a vast majority of the students will enter the job market. 5 years out, for various reason, many may have dropped ot of the job market (maybe to have children, perhaps they made their bucks and want to travel or become 'writers') This mean their income could be \$0, thus bringing down the average a great deal, lower even than upon graduation.

Kudos [?]: 43 [0], given: 0

Senior Manager
Joined: 07 Jan 2008
Posts: 318

Kudos [?]: 152 [0], given: 0

Location: Ann Arbor, Michigan
Schools: Ross Class of 2011
Re: To make picking a school even harder... [#permalink]

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10 Feb 2009, 13:45
Poor Ross

Kudos [?]: 152 [0], given: 0

Current Student
Joined: 09 Nov 2008
Posts: 216

Kudos [?]: 29 [0], given: 2

Location: Evanston, IL
Schools: Kellogg '11 (MMM)
Re: To make picking a school even harder... [#permalink]

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10 Feb 2009, 13:51
IgnitedMind wrote:
Average pay 5 years out might actually go down.... consider this:

Upon graduation a vast majority of the students will enter the job market. 5 years out, for various reason, many may have dropped ot of the job market (maybe to have children, perhaps they made their bucks and want to travel or become 'writers') This mean their income could be \$0, thus bringing down the average a great deal, lower even than upon graduation.

Agree. This data would be more beneficial if it was more granular (seperated by industry, those still in the work force, median vs mean, etc). I just have a really, really hard time believing that these numbers really capture an MBA's true earning potential.

Kudos [?]: 29 [0], given: 2

GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5926

Kudos [?]: 2192 [0], given: 7

Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
Re: To make picking a school even harder... [#permalink]

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10 Feb 2009, 14:20
IgnitedMind wrote:
Average pay 5 years out might actually go down.... consider this:

Upon graduation a vast majority of the students will enter the job market. 5 years out, for various reason, many may have dropped ot of the job market (maybe to have children, perhaps they made their bucks and want to travel or become 'writers') This mean their income could be \$0, thus bringing down the average a great deal, lower even than upon graduation.

But then, if they've left the workforce, they shouldn't be included. These are what you call out of the labour force. Its not the same as employed or unemployed.

Kudos [?]: 2192 [0], given: 7

VP
Joined: 28 Feb 2008
Posts: 1323

Kudos [?]: 127 [0], given: 6

Schools: Tuck
Re: To make picking a school even harder... [#permalink]

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10 Feb 2009, 14:47
JayPX1 wrote:
Once you hit a certain point in your career, you don't use websites like these anymore, but rather connections and top level executive recruiters.

Good point. I never thought of that, but it's very true. Most of the guys I know who have made a name for themselves don't look for jobs on monster.com.

RF
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Kudos [?]: 127 [0], given: 6

SVP
Joined: 04 Dec 2007
Posts: 1689

Kudos [?]: 202 [0], given: 31

Schools: Kellogg '11
Re: To make picking a school even harder... [#permalink]

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10 Feb 2009, 19:46
Do the salaries quoted include hiring bonus? if so, that might bump up the first-year-after-MBA job salaries...

Kudos [?]: 202 [0], given: 31

Manager
Joined: 16 Nov 2008
Posts: 91

Kudos [?]: 6 [0], given: 0

Location: Durham, NC
Schools: Duke, Darden (i/v-ed, withdrawn),Kellogg
Re: To make picking a school even harder... [#permalink]

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11 Feb 2009, 07:44
refurb wrote:
Something is weird about those numbers.

If you compare Duke and Tuck, Tuck beats Duke in total compensation for every year mentioned, but ends up behind in overall compensation?

How does that happen?

RF

I see
Tuck's overall compensation = 3,181,610
Duke's overall compensation = 2,868,020

which I think is in line with other data.

@isa .. The methodolgy says that bonus is included.

Kudos [?]: 6 [0], given: 0

Re: To make picking a school even harder...   [#permalink] 11 Feb 2009, 07:44
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# To make picking a school even harder...

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