MBA News & Around the Web Blog – #16
Each week we rifle through the world wide web to bring you news, blog posts and any other information we find relevant. Below you will find a few useful, interesting, or otherwise relevant links from around the world of career exploration, talent acquisition, and more.
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Here are the findings for the week prior to April 17th, 2017
- The MBA Gender Pay Gap? $14K In Year One
The disparities manifest in both average salaries and various bonuses, with the majority stemming from the average annual salary and average bonus. For example, male MBAs report average salaries of $121,500 right out of business school, while women report an average of $117,400. The gap grows even more in annual bonuses where men report earning an average of $24,900 and women report $16,900. “That’s pretty huge coming right out of graduate school,” Kirby wrote of the overall total compensation gap.
- An MBA recruiter explains why it doesn’t really matter if you work or not before business school
“An early-career student may also focus more easily on the holistic MBA experience; older students, by contrast, often have to juggle work, family, and other commitments in conjunction with their studies,” Precious writes. It really just depends on what works best for you.
- Gauge the Return on an MBA via Pay, Inflation
U.S. News data on MBA compensation provide reason for optimism. Between 2011 and 2016, the average starting salary and bonus among graduates of ranked full-time MBA programs that submitted these data in annual surveys increased 12.9 percent, rising from $83,280.51 to $94,048.24. This is nearly double the rate of inflation in the U.S. during that time: 6.7 percent.