London Business School | Ms. Private Equity Angel
GMAT 660, GPA 3.4
Yale | Ms. Biotech
GMAT 740, GPA 3.29
McCombs School of Business | Mr. Marine Executive Officer
GRE 322, GPA 3.28
Kellogg | Mr. Engineer Volunteer
GMAT 710, GPA 3.8
Stanford GSB | Ms. Global Empowerment
GMAT 740, GPA 3.66
Chicago Booth | Mr. Bank AVP
GRE 322, GPA 3.22
Chicago Booth | Ms. Indian Banker
GMAT 740, GPA 9.18/10
Harvard | Mr. Renewables Athlete
GMAT 710 (1st take), GPA 3.63
Stanford GSB | Mr. Infantry Officer
GRE 320, GPA 3.7
UCLA Anderson | Ms. Apparel Entrepreneur
GMAT 690, GPA 3.2
McCombs School of Business | Mr. Ernst & Young
GMAT 600 (hopeful estimate), GPA 3.86
Harvard | Mr. Armenian Geneticist
GRE 331, GPA 3.7
Berkeley Haas | Mr. 1st Gen Grad
GMAT 740, GPA 3.1
Ross | Mr. Travelpreneur
GMAT 730, GPA 2.68
Harvard | Ms. Developing Markets
GMAT 780, GPA 3.63
London Business School | Ms. Numbers
GMAT 730, GPA 3.5
Kellogg | Mr. Innovator
GRE 300, GPA 3.75
IU Kelley | Mr. Fortune 500
GMAT N/A, GPA 2.2
N U Singapore | Mr. Naval Officer
GMAT 710, GPA 3.2
NYU Stern | Ms. Entertainment Strategist
GMAT Have not taken, GPA 2.92
INSEAD | Ms. Spaniard Consultant
GMAT 710, GPA 8.5/10.00
NYU Stern | Mr. Army Prop Trader
GRE 313, GPA 2.31
Chicago Booth | Mr. Unilever To MBB
GRE 308, GPA 3.8
Stanford GSB | Ms. Healthtech Venture
GMAT 720, GPA 3.5
Columbia | Mr. Senior Research Analyst
GMAT 720, GPA 3.58
Stanford GSB | Mr. Doctor Who
GRE 322, GPA 4.0
Rice Jones | Mr. Carbon-Free Future
GMAT 710, GPA 4.0

Oops! No Million-Dollar MBA Afterall

Oops!

About a week ago we reported that a Class of 2012 MBA from Manchester Business School broke the million-dollar salary barrier.

It now turns out the school made an error in converting the graduate’s pay from a different currency. The unidentified MBA not only didn’t land his reported $1,088,638 base salary. In fact, the person’s starting salary was less than $90,000.

The salary error, first reported by Bloomberg BusinessWeek, did not impact the magazine’s recent rankings of business schools because starting salaries are not a factor in the BW rankings.

A spokesperson for the school apologized for the mistake. Before publication of our story, PoetsandQuants had called the school to ask for comment on the number, but the director of career services at Manchester had been on vacation.

“We have reviewed the data we received from our students for this year’s BusinessWeek ranking and it appears an error was made in the currency conversion of one individual’s salary, for which we are sorry,” said Clare Hudson, director of MBA careers at Manchester Business School.

“Although this hasn’t impacted our overall ranking position, we are working with the team at Bloomberg Business Week to ensure they have the correct data and we have already reviewed our processes to ensure that this doesn’t happen again.  Although a $1 million salary is remarkable for an MBA student, it isn’t unheard of as we have previously had a student achieve this salary graduating from our full-time MBA program.”

“Also there was no translating/interpreting by BW–it was reported by the school, in writing, and validated by the school,” said Louis Lavelle, the top editor of BusinessWeek’s business school team in a comment left on PoetsandQuants.”Then, and only then, was it reported to our readers.”

 

 

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.