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Re: MBA Starting Salary
Old 08-20-2006, 11:45 PM   #41
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Re: MBA Starting Salary

I assure you that the top 1/2 of the classes at the top 10 business schools make quite a bit more than 80k-90k. From my top 10 undergrad school, almost all of my 22 year old friends who went to "high stress" jobs on wall street or in finance firms cleared 100k salary+bonus in their first year. An MBA at any of their firms would make over 200k salary+bonus easily. An MBA at a less stressful, more management oriented company like GE would clock in around 125-150k. I think the standard for consulting firms was 140k post-MBA (less hours, less pay).

Anyone who starts below 90k is either at a startup (with significant stock options) or working by choice in some public interest field.
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Re: MBA Starting Salary
Old 08-22-2006, 03:05 AM   #42
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Re: MBA Starting Salary

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Originally Posted by macdaddy
I assure you that the top 1/2 of the classes at the top 10 business schools make quite a bit more than 80k-90k. From my top 10 undergrad school, almost all of my 22 year old friends who went to "high stress" jobs on wall street or in finance firms cleared 100k salary+bonus in their first year. An MBA at any of their firms would make over 200k salary+bonus easily. An MBA at a less stressful, more management oriented company like GE would clock in around 125-150k. I think the standard for consulting firms was 140k post-MBA (less hours, less pay).

Anyone who starts below 90k is either at a startup (with significant stock options) or working by choice in some public interest field.
Starting M.B.A. salary from top business schools (i.e., University of Michigan) at our company, a medical device company with annual revenue over 10 billions, is below 90K.
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Re: MBA Starting Salary
Old 08-22-2006, 09:05 AM   #43
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Re: MBA Starting Salary

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Originally Posted by Spanky
Starting M.B.A. salary from top business schools (i.e., University of Michigan) at our company, a medical device company with annual revenue over 10 billions, is below 90K.
Are you in a low cost area? If so it may not be such a bad deal. If you aren't, I'd hope you would learn enough with your expensive MBA to know that's a crappy return on investment

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Re: MBA Starting Salary
Old 08-22-2006, 09:06 AM   #44
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Re: MBA Starting Salary

Spanky - maybe my experience is different but I think you would have a hard time attracting a good candidate for less than 90k, unless there was significant growth potential. I have two friends who went to work at Medtronic and both made close to 60k their first year, from undergrad, which would put them at 90k in a few years with no MBA, although living in Minneapolis, the dollars do go a lot farther.
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Re: MBA Starting Salary
Old 08-22-2006, 09:25 AM   #45
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Re: MBA Starting Salary

If you could get your MBA here, who cares what your starting salary is?

"UH business school makes Top 20 list
Pacific Business News (Honolulu) - 2:35 PM HAST Monday
The University of Hawaii at Manoa's College of Business Administration ranks among the top 20 undergraduate international business programs in the nation, according to U.S. News & World Report.
The school tied with Indiana University Bloomington for 13th place on this year's list. It ranked 17th last year."

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Re: MBA Starting Salary
Old 08-22-2006, 01:41 PM   #46
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Re: MBA Starting Salary

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Originally Posted by saluki9
Are you in a low cost area? If so it may not be such a bad deal. If you aren't, I'd hope you would learn enough with your expensive MBA to know that's a crappy return on investment

Not really low-cost area - St. Paul, Minnesota.
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Re: MBA Starting Salary
Old 08-22-2006, 01:44 PM   #47
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Re: MBA Starting Salary

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Originally Posted by macdaddy
Spanky - maybe my experience is different but I think you would have a hard time attracting a good candidate for less than 90k, unless there was significant growth potential. I have two friends who went to work at Medtronic and both made close to 60k their first year, from undergrad, which would put them at 90k in a few years with no MBA, although living in Minneapolis, the dollars do go a lot farther.
Medtronic is located in the same area as our company. Medtronic's pay is higher since it's bonus is lower. l
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Re: MBA Starting Salary
Old 08-22-2006, 02:13 PM   #48
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Re: MBA Starting Salary

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Originally Posted by Spanky
Medtronic is located in the same area as our company. Medtronic's pay is higher since it's bonus is lower. l
Well you didn't mention the bonus part. Hell, look at Wall St. They've shown that you can get top MBA students to work 100 hours+ a week if you make the bonus big enough

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Re: MBA Starting Salary
Old 08-22-2006, 02:22 PM   #49
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Re: MBA Starting Salary

Get those young graduates while they're hungry and ambitious.
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Re: MBA Starting Salary
Old 08-22-2006, 07:01 PM   #50
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Re: MBA Starting Salary

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Get those young graduates while they're hungry and ambitious.
.... also energetic and healthy.
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Re: MBA Starting Salary
Old 08-23-2006, 06:50 AM   #51
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Re: MBA Starting Salary

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.... also energetic and healthy.
And preferably saddled with an enormous debt they have to service.
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Re: MBA Starting Salary
Old 09-01-2006, 10:06 AM   #52
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Re: MBA Starting Salary

I got an MBA part time at night (company floated the bill) after I was working for about 3.5 years. It opened me up for management position at a young age.
It was worth it.
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