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Posted on 1/23/17 at 7:45 pm to GreatLakesTiger24
quote:
that's it? damn
LOL melt
Posted on 1/23/17 at 7:52 pm to GreatLakesTiger24
quote:
quote:
1. Harvard - 132k
that's it? damn
Those numbers are not accurate. I'd need to see a source.
I know for a fact that one of the schools in that top 5 is about 20% higher.
ETA: I am guessing those numbers do not include bonus structures.
This post was edited on 1/23/17 at 7:54 pm
Posted on 1/23/17 at 7:53 pm to AbuTheMonkey
Harvard number and all those numbers sound directionally accurate
This post was edited on 1/23/17 at 7:54 pm
Posted on 1/23/17 at 7:55 pm to Lou Pai
quote:
Harvard number and all those numbers sound directionally accurate
Yea, on second thought, I think the numbers are technically correct, but total compensation (bonuses and other benefits) knocks it up quite a bit higher for those schools.
Posted on 1/23/17 at 7:59 pm to AbuTheMonkey
I think those figures generally factor in all-in, but could be wrong. For everyone making it into high finance with ~$200k all-in starting out, you have some guy chasing a startup. Then you have those working for a non-profit or maybe even re-upping in the military or some other federal role. For those in the first group mentioned, you don't get into it for the entry level salary, and it's frankly quite good for someone who likely doesn't add any value in their first year.
This post was edited on 1/23/17 at 8:00 pm
Posted on 1/23/17 at 8:02 pm to Lou Pai
huh
Posted on 1/23/17 at 8:08 pm to Lou Pai
quote:
I think those figures generally factor in all-in, but could be wrong. For everyone making it into high finance with ~$200k all-in starting out, you have some guy chasing a startup. Then you have those working for a non-profit or maybe even re-upping in the military or some other federal role. For those in the first group mentioned, you don't get into it for the entry level salary, and it's frankly quite good for someone who likely doesn't add any value in their first year.
My recollection could be off, but I think those generally are base. Bonus structures will vary so much that it's kind of useless (and misleading) for the schools to advertise them, but that's just going off memory.
I am going through this process right now (thought not in IB). It's rigorous as hell, to be honest - those recruiting processes are so involved and customized that I can see why these companies will pay that.
Also, you do get some guys who randomly get like $200,000+ or something in energy or logistics or something like that to offset the non-profit and military types. I've also noticed tech (notably, Google, Apple, Amazon, Facebook, and a few others) have been sniping the top tier consulting and banking outfits the last five years or so for corporate development and product management roles.
Posted on 1/23/17 at 8:35 pm to TDcline
MBA = Mediocre But Ambitious 
A less expensive option - buy a textbook in Economics, Finance, Accounting and Statistics and over a year spend a couple of hours a week reading and working problems.
A less expensive option - buy a textbook in Economics, Finance, Accounting and Statistics and over a year spend a couple of hours a week reading and working problems.
Posted on 1/23/17 at 8:37 pm to ArkLaTexTiger
quote:
A less expensive option - buy a textbook in Economics, Finance, Accounting and Statistics and over a year spend a couple of hours a week reading and working problems.
And then you can do the guy who spent the money to get an MBA's dirty work
Posted on 1/23/17 at 9:40 pm to AbuTheMonkey
quote:
Those numbers are not accurate. I'd need to see a source.
I know for a fact that one of the schools in that top 5 is about 20% higher.
ETA: I am guessing those numbers do not include bonus structures.
That is straight up salary - doesn't include bonuses or any other incentive pay (which is about 25k+ in IB or MBB)
Source: Poets & Quants
Posted on 1/23/17 at 9:42 pm to Emteein
quote:
Emteein
I'm lucky - I have the GI Bill covering a ton of the cost.
My decision at this point is between schools - go to a slightly lower ranked public school for free, or go to a higher ranked private school and take on the debt.
Still have a month or so to decide, we will see.
Posted on 1/23/17 at 9:46 pm to Azazello
Almost every MBA I've met seems to have a tough time distinguishing between academic management and real world management. When you bring up things like SWOT analysis to non-MBA folks, it's generally frowned upon.
Posted on 1/23/17 at 9:53 pm to Azazello
quote:
I'm lucky - I have the GI Bill covering a ton of the cost.
My decision at this point is between schools - go to a slightly lower ranked public school for free, or go to a higher ranked private school and take on the debt.
Still have a month or so to decide, we will see.
Totally makes sense about the base vs. bonus. I've seen the hard data for one of those schools and immediately thought "That can't be right" but then remembered the total compensation package.
Not to pry and give too much advice, but I was also on partial GI Bill. Your school choice completely depends on what you want to do. Consulting? MBB generally will never go outside of M7 unless you're an absolute superstar, and the top tier bulge bracket IBs will generally recruit from the same pool but are a little more expansive; the other elite strategy consulting outfits will definitely get people from a McCombs or a Darden or a Kenan-Flagler. Tech can vary a lot, especially on location (U of Washington, for example, which is a solid but not spectacular school, gets a ton of people into tech). Things like energy and engineering and logistics are really just school- and person-dependent; the name isn't quite as important in those fields, but it can still make a big difference.
Rankings and prestige matter a lot for an MBA program. I'm sure you know that, but always keep that in mind. You'll also probably have a hell of a lot of fun at any program you choose.
Posted on 1/23/17 at 9:58 pm to AbuTheMonkey
quote:
ou'll also probably have a hell of a lot of fun at any program you choose
Was the best two years of my life by far. Miss it everyday...
This post was edited on 1/23/17 at 9:59 pm
Posted on 1/23/17 at 10:00 pm to TDcline
Lol not even close.
Posted on 1/23/17 at 10:19 pm to TDcline
Currently working on mine. Personally, I think pairing an MBA with actual work experience will greatly benefit you over a student who goes directly into an MBA program from undergrad without any work experience.
Posted on 1/23/17 at 10:34 pm to TDcline
As an engineering student I would say Law school is slightly above engineering, and both are way above an MBA.
Posted on 1/24/17 at 12:39 am to AbuTheMonkey
Just out of curiosity, did you go to a top 25? Do you think it was worth it?
Posted on 1/24/17 at 1:25 am to Azazello
Congrats Which programs are you choosing between?
Which programs are you choosing between? 
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