P&Q’s Must Reads: Rankings, Rates, ROI & More: The M7 By The Numbers

Hello everyone  –- Welcome back to Poets&Quants’ Must Reads, a quick, digestible recap of the top business school news, sponsored by CentreCourt, P&Q’s virtual admission events.

I’m your host, Kristy Bleizeffer, and I’ll be highlighting the most important P&Q stories you might have missed. So, let’s get to it. 

No. 1: The M7 By The Numbers

This week, we start with our school-by-school comparison of the big dogs in the MBA arena. The so-called Magnificent 7, or M7, seems to fascinate everyone, whether or not you’re on track to actually attend one of these dream schools. 

The detailed charts in this story, compares stats like class size, acceptance rate, test scores, cost, ROI, and a whole lot more. It offers a one-stop snapshot into the elite group – think Harvard, MIT Sloan, Stanford, Wharton, Northwestern Kellogg, Columbia, and Chicago Booth.

Read the full story now, in our news tab. 

No. 2: MBB Consulting Base Pay Nearing $200K For New MBA Hires

The Big Three in global consulting–McKinsey, Bain, and the Boston Consulting Group–have always paid among the highest starting salaries to newly minted MBA graduates. For this coming recruiting season, however, all three firms are going to up the ante, rolling out some of the biggest pay rises for new hires in more than two decades.

MBB will increase starting base salaries for MBA graduates in the U.S. to between $190,000 and $192,000, roughly a 10% jump, according to a new report from the Financial Times. Along with the customary $35,000 sign-on bonus, that would bring offers to MBAs to $225,000. Performance-related bonuses added, first-year MBA compensation could reach a quarter of a million dollars.

The increase is occurring as a tight labor market which has put pressure on the firms to up their game in competing for talent. Get the full details on our homepage. 

 No. 3: Seeking The Best Undergraduate B-School Professors Of 2022

Nominations for Poets&Quants For Undergrads’ annual Best Undergraduate Business School Professors are open until September 26, 2002. Students, schools, and colleagues can nominate professors who have  a remarkable impact on students, noteworthy influence on business, and unique and innovative teaching styles.

This is the biggest honor P&Q bestows on outstanding undergraduate faculty, so get those nominations in before the deadline. Learn more at Poets&Quants For Undergrads.  

No. 4: Our Weekly Round Up of  News You Can Use

No matter where you are in your MBA journey, we bring several helpful stories for you this week.

First up: How does your GMAT score stack up to the thousands of other students taking the test?  Our 2022 GMAT Score Chart & Percentiles will show you. You can also check out how your score may help or hurt your chances at your dream school in  Average GMAT Scores At The Top Business Schools.

Next: If you want to maximize your consulting background in your b-school journey, don’t miss MBA Application Tips for Consultants for Fortuna Admissions. You can find it and other great advice on getting in in our admissions hub. 

Finally, if you’re ready to start visiting MBA campuses, we have several helpful tips to help you get the most out of your time on campus. This story is also featured in our admissions hub, where you’ll find other strategies for getting the acceptance letters from your dream schools.

And, that’s it for this week’s Must Reads recap. 

I also want to alert all the school seekers out there to CentreCourt’s upcoming MBA Festival events. Our next series, The MBA & Your Career, is happening October 4-5, and you can register for free on our events tab. 

For those interested in online MBAs, our next backstage event is November 15-16. Register now for free.

Again, I’m Kristy Bleizeffer, and you can join me next week, right here, for a recap of what’s important in the world of business education. Thanks for listening and, as always, stay informed!

Questions about this article? Email us or leave a comment below.