MBA Salaries inflates. Prestige of the job deflates.
Last week, Boston.com Business had an article about MBA pay jumps this year in double digits - 11% in Harvard to $174K means, $149K avg in Stanford up nearly 10% and about $150K in Tuck up 15%. Needless to say - you'd have to be superman to get that kind of raises in a year in the industry (I graduated 2 yrs ago - and No I do not date Lois Lane unfortunately). But this is not even a ballpark figure - infact this is not even the same ball game!
Ofcourse is that worth all that dough being a major question in anybody's mind - I remembered the Harris Interactive Poll's recent survey (actually its a couple of months old) which looked at the "most prestigious" jobs out there. Ofcourse post MBA jobs are not only NOT ranked in the top of the list - they do make it to the list as "Bankers", "Business Executives" and "Stockbrokers" but on the bottom of the pile. So MBA jobs are not that "presigious" after all.
Insala had an article citing this story too - and they even compared the salaries of these positions. No surprise - the skew is different. MBA jobs do a lot better on this list!
Seems like to have a prestigious job AND a high paying job Bschool is the wrong place to go to. MedSchool is where is at. Atleast according to these polls.
When you think about that - the reaction is quite obvious: No-Duuuh!
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