MIT Sloan released 10-year mba career survey and I am surprised by the numbers. The salary seems a bit low given that many grads went into consulting, finance and tech. Nowadays we always talk about how high the total compensation is for consulting partners, bankers and PMs, then number didn’t show the same (maybe some graduates are at international markets and thus lower salary?) What is harder to believe is 30% of the grads are under 200k?! A new grad at Sloan hits 150k+ MIT Sloan School of Management
Some people have opted for jobs with awesome WLB and decent pay. All this graph tells me is that some people are working 100 hours a week for $1M and some are working 20 hours a week for $150k. Not everyone wants to grind forever. People settle down, have kids, etc.
Maybe they’re at start ups where equity isn’t yet vesting or non-profits/universities. 35% make over 400k! Seems great to me
As a Sloan MBA myself, a lot of people talk about grinding to make big $$$ for the next 5-6 years, and then becoming an entrepreneur, joining a startup, or doing nonprofit/NGO work
Seems like it’s skewed due to international grads. 200k in a country like India would be considered as top tier pay
Following. Probably international. 200k in Latam/India can afford a better lifestyle than 400k in the US (tax rate is about 30-40% lower and cost of living is half of the US).
Coz life isn't always about pressing on the gas and trying to earn more. 10 years post mba - lot of these folks now have families, are happy with the comp they currently have, balance family time with work, and would rather coast to earn 250-300k than kill themselves to earn 500K.
Coach
Aside from the mix of international graduates, the other factor to consider is that some people actually evolve and realize they shouldn't center their lives around comp (I.e., maybe it's nice for your kid to spend more time with you than a contracted nanny)
Plus Sloan isn’t HSW
Since when is 500k low? That has the highest population besides <200k
Anyone have a link? Curious to read into this more
Coach
Would be curious what constitutes “Annual Income” because I could easily see a fair number of the <200k bracket being at start ups where their equity comp may not be included as @M1 said.
Where are these MBA grads making so much??
Meta 1, what are your hours like? Average hours, easy week hours, hard week hours and how often you have easy, average, hard in a given month/quarter.
The gap is huge. 30%+ making over half a million
Where did you find this info?
What’s better, being a PM as Meta or HSW MBA?