Harvard | Mr. Aspiring FinTech Entrepreneur
GMAT 750, GPA 3.9
Stanford GSB | Mr. Fill In The Gaps
GRE 330, GPA 3.21
Darden | Mr. Military Communications Officer
GRE Not taken yet, GPA 3.4
INSEAD | Mr. Behavioral Changes
GRE 336, GPA 5.8/10
McCombs School of Business | Mr. Texas Recruiter
GMAT 770, GPA 3.04
USC Marshall | Mr. Strategy Consultant
GMAT 730, GPA 4.0
UCLA Anderson | Ms. Qualcomm Quality
GMAT 660, GPA 3.4
HEC Paris | Mr. Introverted Dancer
GMAT 720, GPA 4.0
Georgetown McDonough | Mr. Navy Vet
GRE 310, GPA 2.6
Kellogg | Ms. Retail To Technology
GMAT 670, GPA 3.8
Berkeley Haas | Mr. Entertainment Agency
GMAT 750, GPA 3.8
Chicago Booth | Mr. Quant
GMAT 750, GPA 3.7
Ross | Mr. Top 25 Hopeful
GMAT 680, GPA 3.3
Berkeley Haas | Mr. Well-Traveled Nonprofit Star
GRE 322, GPA 3.0
Yale | Mr. Gay Social Scientist
GMAT 740, GPA 2.75 undergrad, 3.8 in MS
Wharton | Mr. MBA When Ready
GMAT 700 (expected), GPA 3.3
London Business School | Mr. Low Undergrad GPA
GMAT 760, GPA 65/100 (1.0)
Chicago Booth | Ms. Hotel Real Estate
GMAT 730, GPA 3.75
Chicago Booth | Mr. EduTech
GRE 337, GPA 3.9
Columbia | Mr. Infra-Finance
GMAT 710, GPA 3.68
Duke Fuqua | Mr. Vigor
GMAT 740, GPA 3.0
Berkeley Haas | Mr. Hanging By A Thread
GMAT 710, GPA 3.8
Harvard | Ms. Comeback Kid
GMAT 780, GPA 2.6
London Business School | Mr. Family Investment Fund
GMAT 790, GPA 3.0
HEC Paris | Ms. Freelancer
GMAT 710, GPA 5.3
MIT Sloan | Mr. Sans-Vertebrae
GMAT 730, GPA 3.78
INSEAD | Mr. Business Manager
GMAT 750, GPA 3.0

CEOs to B-Schools: ‘You’re Out of Touch’

debtMBAs Carry Lowest Debt Among Graduate Students

The top business schools may be hiking their tuition, but that doesn’t mean MBAs are accruing more debt. In fact, MBAs carry far less debt than students in any other graduate program.

That was among the findings released by the New America Foundation’s Education Policy Program this week. In their research, the foundation found that median debt load increased just 1.5% from 2004-2012, rising from $41,373 to $42,000. In contrast, law school debt rose 37%, from an inflation-adjusted 88,634 to $149,616, over that same span. Similarly, masters of arts grads saw their median debt jump 35%, from $37,965 to $58,539 in eight years.

Overall, graduate school borrowers saw a 30% increase in median debt, going from $40,209 of debt in 2004 to $57,600 in 2012. Bloomberg Businessweek adds that students graduating from its top 10 MBA programs leave school with around $111,000 in debt, “on average.”

So what makes MBA students much less likely to stumble into a financial hole? Bloomberg Businessweek offers a few theories:

“One likely reason is that many MBAs enroll in business school after having spent several years in the professional workforce, often in such lucrative fields as finance or management consulting. Some MBAs also get assistance with tuition from their employers, though company sponsorship of employee education is said to be waning. The upshot is that many MBAs seem to have saved enough to partially offset the cost of their education. That’s probably less true of people studying to be lawyers, doctors, or college professors.”

Most surprisingly, MBAs are likely incurring less $42,000 in debt when all graduates are factored into the equation. Why? The New America study relied on Department of Education data, which doesn’t include students who graduate without debt. According to Bloomberg Businessweek, 43% of MBAs graduated without student debt in 2012 (a 1% increase over 2004), which is the lowest percentage of any graduate degree program.

Bottom line: Wages may be static, but employment is trickling up and debt is manageable. Maybe there is something to the “It’s a great time to be an MBA” mantra.

Source: Bloomberg Businessweek