I'm wrapping up my MBA and getting ready to re-enter the consulting world after a year off. How do I leverage the degree during the negotiation process? Do firms just automatically pay more because it's on your resume? Or will I need to articulate how it makes me more valuable?
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So the hidden truth here is there’s two populations hidden in these averages: 1) top mbas with on campus recruiting for “standard” pipelines (IB, consulting, etc. etc.) these are the drivers of big post MBA salary growth (big offers and good numbers of people.) 2) those that didn’t do on campus recruiting from top schools. These salaries are much less impressive on average, and are generally based on people recruiting for a normal job where an MBA or more senior experience is required. Doesn’t sound like you’re in the first group, so you may need to change your expectations or work real hard and get lucky. Even folks that do nights and weekends or exec programs and top target schools have a harder time than full time on campus recruits. Kind of the dirty secret of the MBA industry
I would say mostly true with notable exceptions.
MBA can be an on-ramp to lucrative careers, typically through campus recruiting or alumni networking.
Impact of MBA on earnings drops dramatically after the top 20 or so programs and this difference is largely driven by access to the types of jobs that pay well.
You don't get paid more for having an MBA--having an MBA helps you get jobs that pay more. These jobs still pay well even if you don't have an MBA, MBA is just one way of getting those jobs.