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Base salary MBA candidates expect to earn-2006

HIT THE HEADER IF YOU ARE UNABLE TO SEE A TABLE

Expected Salary first
job after graduation $
Industry Expected
Salary five
years after
graduation $
103,27498,088

97,563

95,971

95,726

95,342

93,155

92,838

92,809

92,733

91,531

91,432

91,426

90,752

90,220

89,500

89,097

89,043

88,919

88,424

88,326

88,200

87,763

87,743

87,046

87,012

86,962

86,871

86,684

86,667

86,100

85,724

85,592

85,289

85,266

85,178

84,908

84,339

84,027

83,180

82,130

81,394

79,908

79,804

56,531

88,087

Venture capitalInvestment management

Management consulting

Internet/e-commerce

Investment banking

Computer software

Financial services

Energy/power

Biotechnology

Telecommunications

Hospitality

Healthcare/pharmaceutical

Real estate

Computer hardware

Healthcare

Metals

Other

Electronics

Chemical/petroleum

IT consulting

Food service

Utilities

Airline/travel

Academic research

Automotive

Consumer goods

Hotel/restaurant/tourism

Retail/fashion/apparel

Engineering/manufacturing

Forestry/paper/pulp

Entertainment/media/public relations

Network communications/data networking

Insurance

Commercial banking

Government/public service

Engineering consulting

Aerospace/defense

Non-profit

Environmental/conservation

Transportation/distribution/logistics

Agricultural

Construction

Education/teaching

Advertising/public relations

Auditing/accounting/taxation

Average

234,344225,254

195,341

177,324

239,336

173,842

194,733

168,435

160,629

178,493

172,188

158,157

183,755

144,504

159,541

186,800

157,480

144,281

152,453

154,208

176,075

160,385

166,835

173,456

144,606

143,776

143,228

155,552

142,374

139,444

150,435

163,069

175,938

155,832

144,882

133,378

142,212

138,309

130,342

143,083

144,545

141,563

139,554

126,402

92,000

167,052

CNN MONEY

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WSJ Rankings Comparison of Top Business Schools

To see a table underneath hit the header

Rank School Enrollment Tuition $ Test Scores Job
Offers %
Compensation
$
1 Dartmouth College 490 42,990 710 98 100,000
2 University of Cal-Berkeley 1381 26,881* 707 95 98,977
3 Columbia University 1869 43,436 706 94 101,428
4 MIT-Sloan 781 44,566 702 97.7 101,988
5. Carnegie Mellon 636 41,900 696 96.4 93,479
6. University Of NC-Chapel Hill 888 18,375* 664 92.8 90,044
7. University of Michigan 1745 39,800 701 91 93,474
8 Yale 469 42,000 701 95 92,213
9 University of Chicago 3180 44,500 703 97.3 98,289
10 University of Virginia 702 37,000 677 95 95,704

EXPLANTIONS

Enrollment : Number of full time students.

Tuition : Annual tuition and fee 2006-2007. *In-state tuition shown for public schools.

Test Scores : Mean GMAT of accepted students

Job Offers : percentage of job-seeking full time graduates who received prior to or within three months after graduation.

Compensation : Average starting salary of full time graduates who accepted employment.

RELATED ARTICLES

Average MBA Starting Salaries

Ranking of MBA Programs – Based on Placement and Average Earnings

MBA – American Universities With Financial Help

Getting into a Top MBA Program

Business School Essay Topics

Are Green-Horn Applicants Acceptable by Business Schools?

Career Enhancement Potential’ Ranking of Business Schools-Financial Times

Top Business Schools – WSJ Ranking 2007

Recruiters’ Top MBA

Comments about The Best B-Schools of 2006

B-Schools Ranking – Placement within 3 months

All You Wanted to Know about Top MBA Programs – BW

MBA DEADLINES

Canadian MBA

‘Career Enhancement Potential’ Ranking of Business Schools-Financial Times

If you cannot view the tables please hit the header

Rankings of the B-Schools from Students Career Enhancement Perspective has been made in Table 1. It shows the world schools from a different perspective.

In analyzing the Financial Times,London data it is assumed that a MBA student opts for the program to increase his earnings potential or desires change in his career stream. Thus factors as defined in “Open New Career Opportunities ” and “Increase in salary ” are taken in consideration.

Definitions:

Open New Career Opportunities Sums the following:

1. Diversity of recruiters.Number of industry sectors.
2. Assessment of careers services.Percentage of graduates in jobs three months after graduation
3. Jobs found through the careers service.Percentage of graduates finding jobs through careers service
4.Student assessment.Meeting expectations and needs

Increase in salary considers the following:

1. How much did your salary increase after graduating? Salary change from pre–MBA to post–MBA (excluding bonuses)
25.00

2. Leaving salary.Post–MBA salary (excluding bonuses)

TABLE 1

(First twenty ranked schools in each area have been considered)

This table has been created from FT -2007 Rankings Statistics.

Rank Open new career opportunities Increase in salary
1 GSB-Chicago Ashridge
2 IIM-A Henley
3 Berkeley -Haas HULT
4 IE Business School IESE
5 IESE IMD
6 NYU-Stern Oxford
7 Virginia-Darden HEC
8 Dartmouth-Tuck Strathclyde
9 Stanford Stanford
10 Hong Kong University LSB
11 Michigan-Ross Harvard
12 Columbia University of Bath
13 MIT-Sloan Cranfield
14 IMD TiasNimbas
15 Ohio-Fisher RSM Erasmus
16 Northwestern-Kellogg Dartmouth-Tuck
17 Washington University Intl.Univ of Monaco
18 CMU-Tepper Cambridge
19 ESADE Manchester B-School
20 Penn State-Smeal Monash

Conclusion:

Table 2

Country or Region Open new career opportunities Increase in salary Schools in both category
  Number of Schools Number of Schools Number of Schools
USA 14 4 2
Europe 4 15 2
Hong Kong 1 X X
India 1 X X
Australia X 1 X
       
       
       

USA Schools

1.Considering both these criteria Stanford and Dartmouth are the only USA schools having Ranking in the range of 1-20.

2. If we consider only “Open new career opportunities” then there are fourteen USA schools in this category meaning thereby that these schools place more emphasis on creating career opportunities.

3.”Increase in Salary” has four USA schools HULT,Stanford,Harvard and Dartmouth

European Schools

1. IMD and IESE fall under both the categories.

Conclusion

It is concluded that American schools emphasize more on creating career opportunities or maybe on having better placement offices and contacts with the industry.They have a poor record of increase in salary as compared with their European cousins.

European School candidates have a better jump in income after completion of their MBA, may be because the concept of MBA is in the process of being integrated into European economies.The Americans have a head start in this as such this is not surprising.
RELATED ARTICLES

Average MBA Starting Salaries

Ranking of MBA Programs – Based on Placement and Average Earnings

MBA – American Universities With Financial Help

Getting into a Top MBA Program

Business School Essay Topics

Are Green-Horn Applicants Acceptable by Business Schools?

WSJ Rankings Comparison of Top Business Schools

Top Business Schools – WSJ Ranking 2007

Recruiters’ Top MBA

Comments about The Best B-Schools of 2006

B-Schools Ranking – Placement within 3 months

All You Wanted to Know about Top MBA Programs – BW

MBA DEADLINES

Canadian MBA

You See Berkeley

University of California – Berkeley has offered it’s course lectures on YouTube.

UC Berkeley has become first university to provide its full-course videos free and open to the public.

The UC Berkeley YouTube channel website can be found at http://www.youtube.com/ucberkeley.

Some of the topics covered are:

Integrative Biology

Physics

Search Engines

Chemistry

Engineering Schools Acceptance Rate and GRE Score

If full Data is not being dispalyed hit the header

Year 2006 Data.

Presented in ascending order of the ‘ acceptance rate’

California Institute of Technology
Overall acceptance rate: 9.8%
Average GRE verbal: 600
Average GRE quantitative: 790
Average GRE analytical: 760

Harvard University
Overall acceptance rate: 12.8%
Average GRE verbal: 540
Average GRE quantitative: 740
Average GRE analytical: 743

Dartmouth College (Thayer)
Overall acceptance rate: 14.5%
Average GRE verbal: 601
Average GRE quantitative: 778
Average GRE analytical: 695

Vanderbilt University
Overall acceptance rate: 15%
Average GRE verbal: 548
Average GRE quantitative: 757
Average GRE analytical: 726

Rice University (Brown)
Overall acceptance rate: 15.3%
Average GRE verbal: 532
Average GRE quantitative: 760
Average GRE analytical: 742

Yale University
Overall acceptance rate: 17.5
Average GRE verbal: 574
Average GRE quantitative: 778
Average GRE analytical: 774

Princeton University
Overall acceptance rate: 17.7%
Average GRE verbal: 586
Average GRE quantitative: 784
Average GRE analytical: 711

University of California–Berkeley
Overall acceptance rate: 18.4%
Average GRE verbal: 553
Average GRE quantitative: 771
Average GRE analytical: 729

University of Rochester
Overall acceptance rate: 19.6%
Average GRE verbal: 535
Average GRE quantitative: 767
Average GRE analytical: 715

Johns Hopkins University (Whiting)
Overall acceptance rate: 20.4%
Average GRE verbal: 547
Average GRE quantitative: 759
Average GRE analytical: 749
University of Virginia
Overall acceptance rate: 20.8%
Average GRE verbal: 538
Average GRE quantitative: 753
Average GRE analytical: 731

University of California–San Diego
Overall acceptance rate: 22%
Average GRE verbal: 521
Average GRE quantitative: 765
Average GRE analytical: 685

Massachusetts Institute of Technology
Overall acceptance rate: 22.2%
Average GRE verbal: 574
Average GRE quantitative: 779
Average GRE analytical: 751
Carnegie Mellon University
Overall acceptance rate: 22.3%
Average GRE verbal: 567
Average GRE quantitative: 775
Average GRE analytical: N/A
Iowa State University
Overall acceptance rate: 22.4%
Average GRE verbal: 506
Average GRE quantitative: 766
Average GRE analytical: 711
University of Wisconsin–Madison
Overall acceptance rate: 22.8%
Average GRE verbal: 559
Average GRE quantitative: 776
Average GRE analytical: 800
Lehigh University (Rossin)
Overall acceptance rate: 23.1%
Average GRE verbal: 472
Average GRE quantitative: 765
Average GRE analytical: 752

North Carolina State University
Overall acceptance rate: 23.2%
Average GRE verbal: 531
Average GRE quantitative: 756
Average GRE analytical: 670

Cornell University
Overall acceptance rate: 24.3%
Average GRE verbal: 576
Average GRE quantitative: 785
Average GRE analytical: N/A

University of Maryland–College Park
Overall acceptance rate: 24.5%
Average GRE verbal: 536
Average GRE quantitative: 758
Average GRE analytical: N/A

University of California–Santa Barbara
Overall acceptance rate: 24.9%
Average GRE verbal: 554
Average GRE quantitative: 776
Average GRE analytical: N/A

Washington University in St. Louis (Sever)
Overall acceptance rate: 25.5%
Average GRE verbal: 510
Average GRE quantitative: 760
Average GRE analytical: 580

Rutgers, the State University of New Jersey–New Brunswick
Overall acceptance rate: 25.6%
Average GRE verbal: 492
Average GRE quantitative: 730
Average GRE analytical: 677

University of Delaware
Overall acceptance rate: 25.6%
Average GRE verbal: 519
Average GRE quantitative: 745
Average GRE analytical: 720

University of California–Irvine
Overall acceptance rate: 25.7%
Average GRE verbal: 50
Average GRE quantitative: 75
Average GRE analytical: 68

Boston University
Overall acceptance rate: 26.6%
Average GRE verbal: 530
Average GRE quantitative: 763
Average GRE analytical: 674

University of Illinois–Urbana-Champaign
Overall acceptance rate: 27.3%
Average GRE verbal: 538
Average GRE quantitative: 772
Average GRE analytical: 741

Northwestern University (McCormick)
Overall acceptance rate: 27.6%
Average GRE verbal: 567
Average GRE quantitative: 770
Average GRE analytical: 609

Ohio State University
Overall acceptance rate: 27.8%
Average GRE verbal: 518
Average GRE quantitative: 758
Average GRE analytical: 684

Virginia Tech
Overall acceptance rate: 27.8%
Average GRE verbal: 551
Average GRE quantitative: 768
Average GRE analytical: 680

Case Western Reserve University
Overall acceptance rate: 28%
Average GRE verbal: 506
Average GRE quantitative: 766
Average GRE analytical: 678

Duke University
Overall acceptance rate: 28.9%
Average GRE verbal: 552
Average GRE quantitative: 764
Average GRE analytical: 702

Columbia University (Fu Foundation)
Overall acceptance rate: 29.4%
Average GRE verbal: 533
Average GRE quantitative: 773
Average GRE analytical: 729

University of Texas–Austin
Overall acceptance rate: 29.7%
Average GRE verbal: 547
Average GRE quantitative: 763
Average GRE analytical: 707

Purdue University–West Lafayette
Overall acceptance rate: 30.4%
Average GRE verbal: 524
Average GRE quantitative: 757
Average GRE analytical: 666

Stanford University
Overall acceptance rate: 31.2%
Average GRE verbal: 573
Average GRE quantitative: 781
Average GRE analytical: 737

University of Pennsylvania
Overall acceptance rate: 32.3%
Average GRE verbal: 541
Average GRE quantitative: 760
Average GRE analytical: 689

Rensselaer Polytechnic Institute
Overall acceptance rate: 33.3%
Average GRE verbal: 531
Average GRE quantitative: 755
Average GRE analytical: 699

University of Washington
Overall acceptance rate: 34.3%
Average GRE verbal: 539
Average GRE quantitative: 736
Average GRE analytical: 654

University of California–Davis
Overall acceptance rate: 34.3%
Average GRE verbal: 504
Average GRE quantitative: 749
Average GRE analytical: 691

University of Pittsburgh
Overall acceptance rate: 34.5%
Average GRE verbal: 488
Average GRE quantitative: 776
Average GRE analytical: N/A

Pennsylvania State University–University Park
Overall acceptance rate: 34.8%
Average GRE verbal: 512
Average GRE quantitative: 755
Average GRE analytical: 692

Georgia Institute of Technology
Overall acceptance rate: 34.9%
Average GRE verbal: 538
Average GRE quantitative: 763
Average GRE analytical: 692

University of California–Los Angeles
Overall acceptance rate: 35.8%
Average GRE verbal: 503
Average GRE quantitative: 764
Average GRE analytical: 725

University of Minnesota–Twin Cities
Overall acceptance rate: 36.3%
Average GRE verbal: 528
Average GRE quantitative: 771
Average GRE analytical: N/A

Texas A&M University–College Station
Overall acceptance rate: 37.9%
Average GRE verbal: 497
Average GRE quantitative: 751
Average GRE analytical: 674

University of Michigan–Ann Arbor
Overall acceptance rate: 40%
Average GRE verbal: 533
Average GRE quantitative: 772
Average GRE analytical: 738

University of Florida
Overall acceptance rate: 43.3%
Average GRE verbal: 519
Average GRE quantitative: 757
Average GRE analytical: 688

Arizona State University (Fulton)
Overall acceptance rate: 44.1%
Average GRE verbal: 519
Average GRE quantitative: 759
Average GRE analytical: N/A

University of Southern California
Overall acceptance rate: 48.8%
Average GRE verbal: 490
Average GRE quantitative: 754
Average GRE analytical: 681

University of Colorado–Boulder
Overall acceptance rate: 61.1%
Average GRE verbal: 552
Average GRE quantitative: 761
Average GRE analytical: 742

Other Related Articles in this blog 

Advice for Low GRE

GRE Subject Test

GRE Diagnostics

GRE Resources

Some Good GRE Preparation Sites

Is GRE Required? Is it worthwhile to go to a University not insisting on it?

Average MBA Starting Salaries

( Click the header if you are unable to see a table below )

Rank Business School Applicants
Accepted
Median Total
Pay Package
1 Northwestern (Kellogg) 13% $142,000
2 Chicago 15% $140,000
3 Harvard 10% $160,000
4 Stanford 8% $165,500
5 U. of Pennsylvania (Wharton) 13% $156,000
6 MIT 13% $149,000
7 Columbia 11% $142,500
8 Michigan 19% $131,000
9 Duke (Fuqua) 19% $128,500
10 Dartmouth (Tuck) 14% $149,500
11 Cornell (Johnson) 22% $135,000
12 Virginia (Darden) 18% $135,000
13 UC Berkeley (Haas) 11% $135,000
14 Yale 15% $130,000
15 NYU (Stern) 15% $140,000
16 UC Berkeley (Haas) 11% $117,000
17 Washington U. (Olin) 33% $89,000
18 U. of Texas – Austin 23% $97,000
19 North Carolina (Kenan-Flagler) 24% $107,000
20 Yale 25% $116,000
21 Indiana (Kelley) 24% $92,000
22 Maryland (Smith) 21% $84,500
23 Wisconsin 47% $70,000
24 Purdue (Krannert) 25% $86,500
25 USC (Marshall) 26% $93,000


RELATED ARTICLES

Ranking of MBA Programs – Based on Placement and Average Earnings

MBA – American Universities With Financial Help

Getting into a Top MBA Program

Business School Essay Topics

Are Green-Horn Applicants Acceptable by Business Schools?

WSJ Rankings Comparison of Top Business Schools

Career Enhancement Potential’ Ranking of Business Schools-Financial Times

Top Business Schools – WSJ Ranking 2007

Recruiters’ Top MBA

Comments about The Best B-Schools of 2006

B-Schools Ranking – Placement within 3 months

All You Wanted to Know about Top MBA Programs – BW

MBA DEADLINES

Canadian MBA

University of California Engineering school comparison

(if you cannot see a table click the Header of the article)

School

Berkeley

San Diego

LA

Santa Barbara

Davis

Irvine

Size (FT/PT)

1,300 / 394 

1,147 / 0 

1,256 / 0 

N/A 

1,044 / 72 

868 / 97 

Acceptance rate

17.5% 

21.8% 

34.5% 

20.8% 

31.5% 

24.0% 

Number of applicants

5,102 

4,193 

2,735 

2,183 

2,351 

2,814 

Number accepted

891 

912 

947 

453 

740 

677 

Number enrolled

424 

324 

330 

154 

282 

267 

Average undergraduate GPA

3.7 

3.5 

3.7 

3.7 

3.4 

3.5 

Average GRE verbal score

559 

542 

499 

548 

519 

471 

Average GRE quantitative score

773 

764 

766 

762 

756 

751 

Analytical writing GRE score

4.7 

4.6 

4.3 

4.63 

4.45 

4.2 

Minimum computer TOEFL score

230 

213 

220 

250 

213 

213 

out-of-state tuition

$14,961

$14,694  

$23,065  

$14,961  

$23,921

$21,858

Required fees

$8,440

$7,866

N/A 

$7,491 pa

N/A 

$503 pa 

Room/board

$13,610 

$9,421 

$12,381 

$8,704 

$9,555 

$8,604 

Books/supplies

$1,266 

$1,436 

$1,800 

$1,437 

$1,102 

$2,527 

Miscellaneous expenses

$2,898 

$2,574 

$4,872 

$432 

$2,767 

$5,660 

Total fellowships / assistantships

1,867 

1,150 

2,899 

729 

1,050 

1,895 

Percent international

36.9% 

36.8% 

38.7% 

46.3% 

37.3% 

54.9% 

Research expenditures 2004-2005 (in millions)

$118.0 

$128.8 

$88.3 

$69.1 

$60.0 

$44.5 

Students specializing in chemical

105 

13 

65 

81 

62 

44 

Students specializing in civil

352 

90 

111 

N/A 

189 

60 

Students specializing in computer

N/A 

45 

N/A 

N/A 

194 

119 

Students specializing in electrical

227 

338 

397 

250 

194 

195 

Students specializing in mechanical

298 

98 

176 

89 

157 

79