Friday, August 21, 2020
Blog Archive B-School Chart of the Week How Much Does B-School Boost Your Salary
Blog Archive B-School Chart of the Week How Much Does B-School Boost Your Salary Although quantifying a schoolâs profile certainly does not tell you everything, it can sometimes be helpful in simplifying the many differences between the various MBA programs. Each week, we bring you a chart to help you decide which of the schoolsâ strengths speak to you. A question that might keep prospective MBAs up at night is what they can expect in the way of a return on their business school investment. One way to assuage those fears is to size up your current salary against what business schools report as their graduatesâ post-MBA incomes. At one of Bloomberg Businessweekâs top-ten MBA programs, at least, the payoff looks enticingâ"with an average income boost of 33%â"83% (excluding signing and performance bonuses, which can drive compensation even higher). In recent years, economic turmoil has pushed percentile incomesâ"namely âthe 1%â and âthe 99%ââ"to the fore of the public imagination. Highlighting the impact of the MBA, we thought taking a look at the median graduateâs pre-MBA and post-MBA percentile incomes, illustrated in the graph below, might be interesting. Although most MBAs will fall short of the â1%â straight out of business school, the typical MBA from one of these top-ten schools can expect to leap into the top quintile in society with their first post-graduation position, earning more than 83 out of 100 others. With a degree in hand (and with plenty of hard work, of course), the median 29-year-old MBA will climb the income pyramid to join âthe 16.8%.â Share ThisTweet B-School Charts
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