mba pay: the $3.6 million degree

payscale did an mba career compensation study for business week and found that only 7 schools return a median of over $3 million over a 20-year span: harvard business school, wharton, stanford, columbia, tuck, sloan, and kellogg.

mba’s earning the most money over a 20-year span

Business School Total Over 20 Years Median Pay 20 Years Out Median Pay 10 Years Out
1. Harvard Business School $3,606,601 $217,000 $169,000
2. Pennsylvania (Wharton) $3,340,334 $200,000 $155,000
3. Stanford $3,291,894 $211,000 $157,000
4. Columbia $3,203,292 $188,000 $153,000
5. Dartmouth (Tuck) $3,092,471 $172,000 $145,000
6. MIT (Sloan) $3,056,072 $180,000 $137,000
7. Northwestern (Kellogg) $3,034,837 $195,000 $135,000
8. California (Berkeley) $2,951,549 $174,000 $135,000
9. Chicago (Booth) $2,919,270 $192,000 $132,000
10. Virginia (Darden) $2,883,197 $179,000 $137,000
11. Yale School of Management $2,838,664 $159,000 $141,000
12. Duke (Fuqua) $2,814,183 $172,000 $132,000
13. Cornell (Johnson) $2,785,912 $173,000 $128,000
14. New York (Stern) $2,725,321 $163,000 $124,000
15. UCLA (Anderson) $2,702,338 $159,000 $131,000
16. Emory (Goizueta) $2,701,743 $178,000 $121,000
17. Carnegie Mellon (Tepper) $2,654,521 $159,000 $126,000
18. Georgetown (McDonough) $2,618,025 $170,000 $115,000
19. Vanderbilt (Owen) $2,595,074 $170,000 $122,000
20. North Carolina (Kenan-Flagler) $2,569,966 $158,000 $116,000
21. Notre Dame (Mendoza) $2,554,927 $154,000 $125,000
22. Texas-Austin (McCombs) $2,529,283 $166,000 $120,000
23. Michigan (Ross) $2,495,495 $143,000 $118,000
24. Southern California (Marshall) $2,446,050 $143,000 $118,000
25. Rice (Jones) $2,443,862 $143,000 $121,000

Source: Payscale for BusinessWeek

this sounds amazing, but don’t forget that there are other unaccounted factors: geographic location, industry, class composition of female/male, etc.

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