Harvard | Mr. Software PE
GMAT 760, GPA 3.45
Kellogg | Mr. Social Impact Initiative
GMAT 710, GPA 3.1
Harvard | Mr. Policy Player
GMAT 750, GPA 3.4
Chicago Booth | Mr. Unilever To MBB
GRE 308, GPA 3.8
INSEAD | Ms. Spaniard Consultant
GMAT 710, GPA 8.5/10.00
Rice Jones | Mr. Carbon-Free Future
GMAT 710, GPA 4.0
London Business School | Ms. Private Equity Angel
GMAT 660, GPA 3.4
Harvard | Mr. Navy Nuke
GMAT 710, GPA 3.66
Duke Fuqua | Mr. Salesman
GMAT 700, GPA 3.0
NYU Stern | Ms. Entertainment Strategist
GMAT Have not taken, GPA 2.92
Wharton | Mr. Future Non-Profit
GMAT 720, GPA 8/10
Chicago Booth | Ms. Indian Banker
GMAT 740, GPA 9.18/10
London Business School | Mr. FANG Strategy
GMAT 740, GPA 2.9
NYU Stern | Mr. Army Prop Trader
GRE 313, GPA 2.31
Cornell Johnson | Mr. Indian Dreamer
GRE 331, GPA 8.5/10
Wharton | Mr. Hopeful Fund Manager
GMAT 770, GPA 8.52/10
MIT Sloan | Mr. Healthtech Consultant
GMAT 750, GPA 3.44
London Business School | Mr. LGBT Pivot
GMAT 750, GPA 3.7
Kellogg | Mr. Defense Engineer
GMAT 760, GPA 3.15
Harvard | Mr. CPPIB Strategy
GRE 329 (Q169 V160), GPA 3.6
Rice Jones | Mr. Student Government
GMAT 34 (ACT for Early Admit Program), GPA 3.75
Chicago Booth | Mr. Healthcare PM
GMAT 730, GPA 2.8
Kellogg | Ms. Sustainable Development
GRE N/A, GPA 3.4
Stanford GSB | Mr. Army Engineer
GRE 326, GPA 3.89
Kellogg | Ms. Big4 M&A
GMAT 740, GPA 3.7
MIT Sloan | Ms. Rocket Engineer
GMAT 710, GPA 3.9
Harvard | Mr. African Energy
GMAT 750, GPA 3.4

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.