Harvard MBAs Doubled Their Income In Six Years — How Did Your School Do?


  • bwanamia

    My sense is that higher GSB salaries vs. HBS & Wharton reflect concentration of GSB grads in SF vs. NYC. Similarly, higher HBS & Wharton salaries vs. Kellogg & Chicago reflect concentrations of HBS & Wharton grads in NYC vs. Chicago.

    HBS, Wharton, Chicago & Kellogg all hold up pretty well when location & COL is taken into account, but Columbia seems to be struggling.

  • C. Taylor

    A few words of caution:

    1) This type of number is a fairly volatile snapshot. On any given survey, an institution’s median could vary by $30,000 or more.
    2) Total liquid compensation–including, for example, the value of exercised options–is the best number to obtain and should be adjusted for PPP. It isn’t clear that is what BB-BW is presenting. Forbes uses the correct number. FT modifies the number to fit a set mix of numbers–which is useful for some purposes, but which I find opaque and actually misrepresentative of some programs.

    3) TIme frames are important. Three years out from graduation is a little early. Eight years out is likely not as meaningful for current applicants as five or six years out. Applicants are generally three years out from graduation when applying. Data from eight years earlier is eleven years off from their graduation and might represent an MBA program of yesterday. A lot can happen in a decade.

    Given these issues are appropriately accommodated for, I like this type of approach.

  • C. Taylor

    I agree that total compensation should be used for both initial and final compensation. PPP is important. Median is better than mean here.

  • JohnAByrne

    I don’t believe so, though Bloomberg Businessweek isn’t clear on that.

  • Quyen

    Is this normalized for the Cost of Living variances across the US? ($120k in Houston is $175k in Boston for example)

  • JohnAByrne

    Just cash compensation which is a very good point, indeed. If equity were included, these numbers would be higher across the board, especially at the big brand schools where more students are going into early stage and tech companies.

  • JohnAByrne

    These are median numbers so half of the alums made more and half made less. No breakdowns by industry are available, though one would naturally assume that finance rules the roost here followed by consulting.

  • devils0508

    Is this median or average? Any break down by industry (e.g. people who exited into finance, consulting, tech, brand management)?

  • Show me the money

    John, does this include equity stakes or just cash compensation?