Poets & Quants released some excellent data last week on the value of an MBA, concluding that b-school grads did very well in 2014 in regards to average salary and bonus. Here are some highlights from the article:
• In 2014, Harvard and Stanford grads earned average salaries that exceeded pre-recession levels for the first time. For Harvard MBAs, the average salary was $144,750, compared to $144,261 in 2008. The average salary for Stanford MBAs was $142,834, compared to 2008’s $140,771.
• There were a total of seven b-schools that reported average pay above $140K. Michigan Ross was one of these schools whose salary and bonus package jumped 20.9% in five years to $140,497.
• Washington Foster experienced a huge increase in average salary and bonuses, from $91,593 in 2010 up 36.9% to $125.367 in 2014. Average salary and bonuses also took huge leaps at Rochester Simon (30.6% – from $78,083 to $101,961) and at Emory Goizueta (28.0% – from $100,300 to $128,347).
• In 2010, only 24 U.S. business schools landed job that paid six-figures; in 2014, that number increased significantly to 44 schools.
• The top five schools with the most highly compensated grads were HBS, MIT Sloan, Stanford, Wharton, and Tuck.
• A few schools saw year-over-year decreases, including USC (from $116,011 to $114,129), Boston Carroll (from $96,915 to $94,963), and Minnesota Carlson (from $117,972 to $112,828).
See the P&Q article for more details.
• MBA in Sight: Focus on Finance
• Does it Pay to Get an MBA?
• PayScale: How Much Can You Earn, and How to Earn It?