What MBA programs will increase your salary or lead you to a better job?
MBA classifications are now published en masse. From Financial Times to The Economist, it can be difficult to know which classification to consider and the difference between each one. Most MBA candidates are looking for the degree to advance their career prospects, in terms of increasing their salary or getting a better job. Therefore, isolating the data to focus on which MBA programmers rank the highest, can be effective in determining which grades will take you where you want to go.
The list of best business schools of Bloomberg Businessweek for 2017 was published this month. The ranking is based on surveys of recruiters, alumni and students, as well as the recent success of graduates in landing jobs and paychecks. Harvard Business School, Wharton School and Sloan School of Management of MIT emerged triumphant in the ranking of 2017. Bloomberg also divides the classification by factors including employers, alumni, current students, job placement and salary. For the results of the race, the list of the best schools looks different (see the table below).
For example, Stanford’s Graduate School of Business ranks fifth overall, but is ranked as the twentieth best business school by companies that employ their graduates. Bloomberg asked 686 recruiters to identify up to 10 schools from which they regularly recruited, and then asked them to rate the graduates of these schools with the specific qualities they consider important in hiring an MBA.
The water is muddied even more when Bloomberg classifies schools by salary (table below). The Duke Fuqua School of Business is considered the sixth best business school under all metrics, but it is ranked in eleventh place by the salaries earned by its MBA students upon graduation.
It is important to consider the industries and companies for which you want to work, which will not be broken down by the Bloomberg rankings, which provide a general job rating. Some schools are more successful placing MBAs in specific places. For example, at INSEAD, almost half of the most recent MBA cohort got management consulting jobs. The MBA program with the largest contingent of recent graduates hired by Amazon, the technology giant, is the Tepper School of Carnegie Mellon University, he says.
Those who go to the highest schools in general will get a decent job and a great salary. At Harvard, 100% of last year’s MBA cohort was employed within three months of graduation, with an average basic salary of $ 135,000. But prospective applicants must look beyond the headline range when deciding which school to apply for. A more personalized evaluation can lead to a better result.
Top US MBAs According To Recruiters
|10||Carnegie Mellon (Tepper)|
US MBAs With The Highest Salaries
|10||UC at Berkeley (Haas)|