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MBA Salaries & Bonuses Increase
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According to the Graduate Management Admissions Council (GMAC), salaries and signing bonuses for the more than 100,000 MBA graduates in the US averaged $106,000, a 13.5% jump from 2004. Salaries nominally rose to $88,600 past highs of $85,400 set in 2001 – with inflation, salaries still lag about $4,000 from the 2001 highs. A 2005 MBA graduate hired into an investment bank would likely pocket a sweet $40,000 for signing on the dotted line.
Another interesting thing they noted was that the health care industry is gobbling up MBAs. At Hopkins, there are a lot of people in a joint Nursing/Health Care/MBA program because of this growing trend.
via Yahoo.
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I wish they would specifically mention the compensation data for MBA grads who don’t go to top 50 schools. I suspect that there is a huge difference between a grad from Stanford vs. a grad from Cal State Long Beach.
Yeah. It’d be nice to have some idea of that information. DH’s employer will pay for him to get his MBA, but of course they want him to keep working for them while they do it, so it would be an MBA at our state college. It’d be nice to know what that would be worth, money-wise.
You can find school data in the anual US News best graduate programs publication. It is much higher for Harvard, MIT, Sloan, Stanford, Kellog, etc. than it is for U of I (choose your favorite “I” state).