mbaMission’s B-School Chart of the Week: How Much Does B-School Boost Your Salary
Note: This post comes from our friends at mbaMission.
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 graduates’ post-MBA incomes. At one of Bloomberg Businessweek‘s top-ten MBA programs, at least, the payoff looks enticing”with an average income boost of 33%“83% (excluding signing and performance bonuses, which can drive compensation even higher).
In recent years, economic turmoil has pushed percentile incomes”namely the 1% and the 99%”to the fore of the public imagination. Highlighting the impact of the MBA, we thought taking a look at the median graduate’s pre-MBA and post-MBA percentile incomes, illustrated in the graph below, might be interesting.
Although most MBAs will fall short of the 1% 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 the 16.8%.
