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MBA and Salaries in 2007

“Bitterman! Do you want to double your salary?”
“Yes sir!”
“Then open that door!”
– From movie Arthur (1981)

This conversation on how to increase salaries talks about opening that door and the door in year 2007 very well can be an MBA door.
Imagine you completed your MBA and are out of that MBA door , Those MBA’s looking to get into the high-salary world would definitely need to have a road map to do it.The first road map I believe to high MBA salary is Job categories.Most MBA’s will go for a career change that lands them in different Job categories either passion wise or for monetary benefits or some thing else.Rather than passion if you want to jot down job category by salary here is the chart for median salary by Job categories for year 2007 from pay scale. If you analyze the pay by Job – ‘finance’ industry is a top payer.”Make the numbers and get the numbers”.
Median Salary by Job - Degree: Master of Business Administration (MBA) (United States)
If a degree is from a top ranking school then that pays off way more than the industry average salaries. As Economic Times reports this year Wall Street took MBA pay to new heights – “Competition for MBAs from banks like New York-based Citigroup and Goldman Sachs may push starting-pay packages above last year, when graduates averaged a record $186,174 in total compensation at Harvard Business School and $183,000 at Stanford University’s Graduate School of Business.”
Executive Career Guide for MBAs
“Northwestern’s Kellogg School reported average total compensation of $150,942 for its graduates last year. The Wharton School reported $167,607, and Columbia University’s Graduate School of Business in New York, $169,194” .

With the strong job market that is adding more and more Jobs, Year 2007 seems to be rocking salary year for MBA graduates.


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Posted By: Kalyan | Date: April 9, 2007 | Categories: MBA

0 Responses to MBA and Salaries in 2007

  1. Kalyan says:

    Check out ISB salaries this year – It surpassed 1 crore annual salary.
    The ET article gives details
    “Tishman Speyer, the real estate consulting firm, appears to be topping the chart offering “dramatic salaries” (read over Rs 1 crore) including an offer to a woman candidate for a position in New York”
    “Other lucrative offers have come from companies like Boston Consulting Group, BP-DCT, Citibank and PwC. Last year, ISB had secured itself a distinct place in India’s B-school universe with four grads, including two women, getting packages of over Rs 1 crore.”

  2. securityVJ says:

    But did you check their previous qualifications. I think the MBA from ISB, for that matter from any “good” university is an icing on the cake. Your experience(cake) will always need the contacts(icing), which is what these MBA courses provide.
    ISB is different since it puts it all together in 1 yr and is priced accordingly.
    BTW. Nice blog..
    Keep is alive, keep it real!!

  3. Kalyan says:

    I agree qualifications and contacts. The most important factor is the school itself and you belong to that branded pool and think this way every one in ISB may not get top salary as 1 crore but if you average the salaries of all ISB class then I guess they would have got salaries in range of 50 to 100 laks.School is the key for contacts.To sum up, an average person in schools like ISB can make baove average salaries.

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