Harvard | Mr. Billion Dollar Startup
GRE 309, GPA 6.75/10
Columbia | Mr. Developing Social Enterprises
GMAT 750, GPA 3.75
Cornell Johnson | Mr. Electric Vehicles Product Strategist
GRE 331, GPA 3.8
Foster School of Business | Mr. Corporate Strategy In Tech
GMAT 730, GPA 3.32
Harvard | Mr. Harvard 2+2, Chances?
GMAT 740, GPA 3.2
Harvard | Mr. Big 4 To Healthcare Reformer
GRE 338, GPA 4.0 (1st Class Honours - UK - Deans List)
Stanford GSB | Mr. Startup Guy
GMAT 760, GPA 3.3
Harvard | Mr. Overrepresented MBB Consultant (2+2)
GMAT 760, GPA 3.95
Wharton | Mr. Big Four To IB
GMAT 750, GPA 3.6
Rice Jones | Mr. Tech Firm Product Manager
GRE 320, GPA 2.7
Chicago Booth | Mr. Mexican Central Banker
GMAT 730, GPA 95.8/100 (1st in class)
Harvard | Mr. Comeback Kid
GMAT 770, GPA 2.8
Harvard | Mr. Tech Risk
GMAT 750, GPA 3.6
Chicago Booth | Mr. Corporate Development
GMAT 740, GPA 3.2
Wharton | Ms. Strategy & Marketing Roles
GMAT 750, GPA 9.66/10
Harvard | Mr. Bomb Squad To Business
GMAT 740, GPA 3.36
IU Kelley | Mr. Advertising Guy
GMAT 650, GPA 3.5
Duke Fuqua | Mr. IB Back Office To Front Office/Consulting
GMAT 640, GPA 2.8
Yale | Mr. Lawyer Turned Consultant
GMAT 730, GPA 3.7
Chicago Booth | Mr. Whitecoat Businessman
GMAT 740, GPA Equivalent to 3(Wes) and 3.4(scholaro)
MIT Sloan | Ms. Digital Manufacturing To Tech Innovator
GMAT 720, GPA 3.4
Cornell Johnson | Mr. Healthcare Corporate Development
GMAT 740, GPA 3.5
Yale | Mr. Education Management
GMAT 730, GPA 7.797/10
Columbia | Mr. Neptune
GMAT 750, GPA 3.65
Darden | Ms. Education Management
GRE 331, GPA 9.284/10
Columbia | Mr. Confused Consultant
GMAT 710, GPA 3.2
Harvard | Ms. 2+2 Trader
GMAT 770, GPA 3.9

The MBA Debt Burden

Business school is expensive, so pricey that MBA students are racking up huge debts to get the degree. In many cases this is a bet on a brighter future. For a two-year program, you make the decision to leave a well-paying job, forgoing between $100,000 and $200,000 in compensation. And then you have tuition, fees, room and board, and living expenses that can easily total $150,000 or more during the two years of study. As much as the starting pay packages for MBAs can dazzle, these numbers make the stomach churn.

So exactly how much money are students borrowing to get the degree? The latest data from U.S. News & World Report shows that it varies greatly from school to school. At the top of the list, the graduates who have the most debt hail from Wharton, the only school where MBAs leave with six-figure debt totals. The average debt burden of a Wharton grad is a whopping $105,489, according to U.S. News. Next on the list? Graduates who get their MBAs from Yale ($99,418), Duke ($88,050), Carnegie Mellon ($87,592), and Chicago ($86,758). The least debt? According to U.S. News, it’s MBAs from Fayetteville State University in North Carolina ($3,810).

What do these numbers suggest? The easy interpretation is that people who go for MBAs are willing to make major sacrifices to get the degree in both opportunity and real costs. They’re even willing to go more deeply in debt for their education than they probably will on any other purchase, other than the acquisition of a home. The more difficult interpretation gets to what these different numbers tell you about the individual schools and the students who attend them.

Are the schools at the top of the list there because their scholarship money is less than adequate? Do they tend to accept students whose parents won’t shoulder any of the cost of getting the MBA? Or do these students have bank accounts that can’t begin to offset the huge costs now charged for the degree? Hard to know, for sure. But it is surprising that the average indebtedness of a Wharton MBA is $28,531 more than it is for a Harvard MBA. That’s 37% more on average.

One of the biggest shocks? The fact that Pepperdine University comes in at number 15. Why in the world are students at Pepperdine’s Graziadio School going into debt to the tune of nearly $72,000 for that MBA degree? The school fails to make our list of the top 50 in the U.S. That’s a heavy debt load for a degree that lacks top-50 finish.

Business School Average Debt Burden
1. Pennsylvania (Wharton) $105,489
2. Yale School of Management $99,418
3. Duke University (Fuqua) $88,050
4. Carnegie Mellon (Tepper) $87,592
5. Chicago (Booth) $86,758
6. Dartmouth (Tuck) $85,917
7. Michigan-Ann Arbor (Ross) $84,798
8. Cornell (Johnson) $83,700
9. Stanford Graduate School of Business $80,677
10. New York University (Stern) $78,887
11. Georgetown (McDonough) $78,746
12. Harvard Business School $76,958
13. Vanderbilt (Owen) $76,957
14. UNC-Chapel Hill (Kenan-Flagler) $75,251
15. Pepperdine (Graziadio) $71,680
16. University of Texas-Austin (McCombs) $69,552
17. Rice University (Jones) $68,450
18. George Washington University $66,989
19. University of Virginia (Darden) $66,272
20. Notre Dame (Mendoza) $65,925
21. UCLA (Anderson) $64,030
22. Berkeley (Haas) $63,748
23. Loyola University/Chicago $62,826
24. Case Western (Weatherhead) $59,731
25. Emory (Goizueta) $58,440

Source: U.S. News & World Report, average indebtedness of the 2009 graduating class.