Startling New Report Regarding M.B.A. Pay

What will you get with your M.B.A.? If a new report from WSJ is correct (which it probably is) you’ll get a lot of student debt and no better luck in the job market. There is a notion that professional degrees like M.B.A.s are a sure ticket to financial success but as we see that is not the case.

From WSJ:

The M.B.A.’s lot is partly reflected in starting pay. While available figures vary by schools and employers, recruiters’ expected median salary for newly hired M.B.A.s was essentially flat between 2008 and 2011, not adjusting for inflation, according to a survey by the Graduate Management Admission Council.

For graduates with minimal experience—three years or less—median pay was $53,900 in 2012, down 4.6% from 2007-08, according to an analysis conducted for The Wall Street Journal by PayScale.com. Pay fell at 62% of the 186 schools examined.

Even for more seasoned grads the trend is similar, says Katie Bardaro, lead economist for PayScale.com. “In general, it seems that M.B.A. pay is either stagnant or falling,” she says.

Read the report from WSJ here >>

Photo source: Shutterstock.com

More in Lifestyle

img_0085

Would You Drink A Spam Cocktail?

As a child in New Jersey, I always thought that Spam existed only as a novelty meant to be passed around as a gag gift but never actually consumed. The one time I made the mistake of opening a can only seemed to bolster such thinking. But then I moved…

half-dome-918599_960_720

A 1-Day Guide To 12 National Parks

With 59 parks across 27 states, there are plenty of choices when it comes to choosing a US National Park to visit. But what if you are limited to just one day at a national park? What are the can’t-miss locales of the National Park Service? Check out this video…

error: