MBA Salary Guide for Business Majors

Applicants rarely mention money when they tell admissions boards why they want an MBA, but salary expectations are often a huge draw when it comes to getting a business degree.  Business school tuition is notoriously expensive, and most applicants want to see a return on their investment. Factors That Influence MBA Salaries There are a lot of different factors that can influence the amount of money MBA grads earn. For example, the industry that students work in after graduation has a significant impact on salaries. MBA grads tend to earn the most in consulting, marketing, operations, general management, and finance industries. However, salaries can vary wildly within a single industry. On the low end, marketing professionals can earn about $50,000, and on the high end, they can earn $200,000. The company that you choose to work for has an impact on salary as well. For example, the salary offer you get from a modest start-up on a shoestring budget is going to be much smaller than a salary offer that you get from Goldman Sachs or another company known for offering high starting salaries to MBA grads. If you want a big salary, you may have to consider applying to a big company. Taking a job overseas can also be lucrative. Job level can have just as much of an impact as the industry and company you choose to work for. For example, an entry-level position is going to pay less than a C-level position. Entry-level positions fall on the lowest level in the workplace hierarchy. C-level, also known as C-suite, positions fall on the upper level in the workplace hierarchy and include chief executive positions like chief executive officer (CEO), chief financial officer (CFO), chief operating officer (COO), and chief information officer (CIO). Median MBA Salary The Graduate Management Admission Council conducts an annual survey of corporate recruiters, who share information about starting salary offers for new MBA grads. According to the most recent survey, the median starting salary for MBA grads is $100,000. This is a nice round number that reflects base salary. In other words, it does not take other perks like sign-on bonuses, year-end bonuses, and stock options into account. These perks can add up to big money for MBAs. One MBA who graduated recently from Stanford, reported to Poets Quants that he expected to see a year-end bonus worth more than $500,000. If you are wondering whether or not an MBA will really help you to improve your salary, you may be interested to know that the $100,000 figure reported by corporate recruiters to the Graduate Management Admission Council is almost double the $55,000 median annual starting salary that corporate recruiters report for grads with a bachelors degree. MBA Cost vs. Projected Salary The school that you graduate from can also have an impact on your salary. For example, students who graduate with an MBA degree from Harvard Business School are able to command a much higher salary that students who graduate with an MBA degree from the University of Phoenix. The reputation of the school matters; recruiters take notice of schools that are known for providing a quality education and turn their nose up at schools that do not share that reputation. In general, the higher ranked a school is, the higher the salary expectations are for grads. Of course, that rule doesn’t always hold among business schools with the most stellar rankings. For example, it is possible for a grad from a #20 school to receive a better offer that a grad from a #5 school. It is important to keep in mind that higher-ranked business schools often come with higher tuition tags. Cost is a factor for most MBA applicants. You will have to determine what you can afford and consider the return on investment to determine if it is worth it to get an MBA from a high-priced school. To kick start your research, lets compare the average student debt at some of the countrys top-ranked business schools with the average starting salary for MBAs who graduate from those schools (as reported to U.S. News). U.S. News Ranking School Name Average Student Debt Average Starting Salary #1 Harvard Business School $86,375 $134,701 #4 Stanford Graduate School of Business $80,091 $140,553 #7 University of California - Berkeley (Haas) $87,546 $122,488 #12 New York University (Stern) $120,924 $120,924 #17 University of Texas - Austin (McCombs) $59,860 $113,481 #20 Emory University (Goizueta) $73,178 $116,658 Source: U.S. News

Slavery During The 19th Century - 1446 Words

Africa was once a thriving and wonderful continent filled with luxurious and wealthy kingdoms, but that had all changed when a new and appalling type of slavery was introduced. Around the 18th century, Africa became an ideal place for Europeans to trade and buy slaves from. The slave trade in Africa seemed to be manageable and somewhat peaceful before the Europeans brought in a new type of slavery. When the Europeans bought slaves from Africans, they kept them as slaves for life which were very different from how long slaves were kept in Africa. Europeans kept slaves in extremely poor conditions and treated them as if they were less than human. These actions caused a great spike in the slave trade all over the world and many†¦show more content†¦Buckets were placed in these compartments for bathroom uses and other necessary uses (). Slaves that were placed far from these buckets had difficulty in reaching them because of the number of other slaves around them (Falconbridge, 1788). This situation would cause slaves to release themselves where they were and would cause several health issues and diseases to arise (Falconbridge, 1788). Later on in his account, Falconbridge describes the upkeep of the slaves on the voyages. The slaves were usually fed twice a day, but on most other ships they were only fed once (Falconbridge, 1788). Their food would be severed in small buckets and slaves would be placed in groups of ten for each bucket (Falconbridge, 1788). â€Å"Upon the Negroes refusing to take sustenance, I have seen coals of fire, glowing hot, put on a shovel and placed so near their lips as to scorch and burn them. And this has been accompanied with threats of forcing them to swallow the coals if they any longer persisted in refusing to eat.† (Falconbridge, 1788). Upon the resistance of the obligations of eating, slaves were extremely punished for disobeying and these punishments were severely cruel and inhumane. Slaves were forced to obey the s lave owners no matter what the situation was. Slaves were even forced to exercise which would aid in the upkeep of their health (Falconbridge,Show MoreRelatedSlavery During The 19th Century1636 Words   |  7 Pages# 2 In the early years of the 19th century, slavery was more than ever turning into a sectional concern, such that the nation had essentially become divided along regional lines. Based on economic or moral reasoning, people of the Northern states were increasingly in support of opposition to slavery, all the while Southerners became united to defend the institution of slavery. Brought on by profound changes including regional differences in the pattern of slavery in the upper and lower South, asRead MoreSlavery During The 19th Century1780 Words   |  8 Pages 13 September 2015 Slavery in 17th Century VS Slavery in the late 19th Century Many people view slavery as one consecutive time period where African Americans were captured and kept to serve the needs of Caucasian individuals and families. But not very many people know the true extent of slavery among the colonies. Less are aware of the nature in which slavery evolved from a trading industry in the 17th century into its greater known state of forced labor in the 19th century. When most peopleRead MoreSlavery During The 19th Century Essay1423 Words   |  6 Pageslive in the 21st century know that slavery is terrible and also a touchy subject. But Americans used to rely heavily on slavery, how we perceive slavery in today’s society can either be the same or different from how others thought of slavery living within mid 1800s. People who resided in the northern region of American found slavery wrong as we do today. Americans who lived farther south however liked, and relied on slavery. In today’s world, we Americans almost all agree that slavery had been a negativeRead MoreSlavery During The 19th Century851 Words   |  4 Pages During the 19th century, the cause for abolition was ubiquitous to William Lloyd Garrison. In a society built on the freedoms for the average man, Garrison was justifiably astonished, often angered, by the misrepresentation and condoned treatment of African Americans. Garrison was not alone in his astonishment, there were a myriad of abolitionists, commonly found in the northern states, which protested and discussed how to achieve abolition. Despite the evident similarity of interests, GarrisonRead MoreSlavery During The 19th Century2226 Words   |  9 Pages Slavery in America began once the first African slaves were born at the North yank colony of village, Virginia. Slavery was practiced throughout the yank colonies among the seventeenth and eighteenth centuries, and African-America. By the mid-19th century, America’s westward enlargement, in conjunction with a growing termination movement among the North, would provoke a wonderful dialogue over slavery which may tear the state apart among the bloody yank warfare. the legacy of slavery continued toRead MoreSlavery During The 19th Century900 Words   |  4 Pages In the early 17th century, the system of racial slavery had yet to be established. Slavery in North America evolved unevenly over the years, and the nature of slavery changed according to time, region and the colonizer. Generally, slaves suffered from malnutrition, diseases, intense labor and physical abuse from the slaveowners. The life of plantation generation was much harder as compared to charter generation. These people hardly escaped slavery as manumission was strongly discouraged by theRead MoreSlavery During The 19th Century1212 Words   |  5 Pages During the fifteenth and sixteenth centuries, Africans who remained enslaved were captured in battles or kidnapped. Some of these slaves were sold into slavery for debts. Once the slaves were in captivity, they would go through the â€Å"Middle Passage† which was a long journey that the slaves rode on in slave ships from West Africa to the West Indies for purchase. I think slavery led to racism because of everything that these slaves endured. It is there heritage just as I have mine. AfricanRead MoreSlavery During The 19th Century1511 Words   |  7 PagesSlavery, an issue never addressed in the 19th century, but needed to be. It was a huge, controversial subject in the past, affecting the blacks, as well as the people of the North and South due to their strong beliefs and differences in opinion. Southerners treated slaves poorly because they believed they were better than African Americans. Though, we are all equal, the majority of people did not see the world that way back then. Slavery was unfair and had a horrible effect on the slaves. AlthoughRead MoreSlavery During The 19th Century895 Words   |  4 PagesDuring the 1800’s to 1850’s, slavery was undergoing a huge development in which helped the nation to grow into what it is today. The United States was split into two sections, the north and south, over the dispute of slavery. The south sought to further slavery while the north was in favor of abolishing slavery. Around 1858, Abraham Li ncoln and Stephen Douglas, two politicians with completely different views on slavery fought each other with politicians trying to win the presidency election of 1860Read MoreSlavery During The 19th Century2090 Words   |  9 Pages TITLE It all started in the 15th century, when the Portuguese began trading for slaves from West Africa. They used these slaves to work sugar plantations on the Madiera and Azores islands off the African coast. Because using slave labor to produce sugar was profitable, Europeans decided to adapt slavery in the newly established American colonies (Newman, John J. 6). When European settlers began staking claim on American land, they hit one major bump in the road. All of these rich wealthy

Brown versus Board of Education Free Essays

Brown versus the Board of Education of Topeka, Kansas was one of a group of cases that was being brought before the Supreme Court in the early 1950’s by the NAACP to challenge the concept of â€Å"separate but equal. † The story began in 1950 when several parents went up against the Topeka school board that would only allow black children to attend one of the four segregated schools in the area. Oliver Brown was one of this group, having brought his daughter to the local school, tried to enroll her and was turned away (National Park Service, 10). We will write a custom essay sample on Brown versus Board of Education or any similar topic only for you Order Now The case was brought to court by the NAACP’s Legal Defense Fund, and was later combined with several other cases such as Briggs v. Elliot and Bolling v. Sharpe (National Park Service, 10). The NAACP brought the suit with the focus that school segregation was a violation of the Fourteenth Amendment’s clause that provided for equal protection. Its original purpose had been to ensure all blacks equal status as citizens of the United States after the Civil War (Martin 2). The legal team also put forth that when black children attended racially segregated schools, it caused them harm by creating a â€Å"stigma of inferiority (Martin 2). † This stigma was supported by research stating that racial segregation could have a harmful impact on a child’s development as they grew and on individual self-worth. There was even evidence presented of the bad effects that segregation could also have on whites (Martin, 11). The Supreme Court, under the leadership of Justice Earl Warren, found in favor of the plaintiff’s to end school segregation on May 17, 1954 (National Park Service 11-12). Overturning the precedent of Plessy v. Ferguson, which originally established the concept of separate but equal, Brown v. Board of Education opened up the doors of public and higher education to blacks all over the country. This also eventually opened up doors to new fields and opportunities that had once been closed off. Today, this landmark decision has been the basis for the Civil Rights movement that reached its zenith during the 1960’s and later groundbreaking legislation (National Park Service 14). It also laid the foundation for other equal rights movements, including the struggle by those with disabilities who wanted equal access to public facilities and end to job discrimination. American education now can offer a free and appropriate public education to all, regardless of color, race, disability or any other distinguishing factor. Just as children who were black were given the chance to attend integrated schools, the case laid the legal framework for later legislation such as the Individuals with Disabilities Act, or IDEA, that mandated educational standards and services for children with disabilities. Without Brown v. Board of Education laying the framework for these kinds of laws, other student populations would not have achieved the equality they have. The legacy of Brown is one of tolerance, equality and the lingering memory that in order to preserve the freedoms that we have, we sometimes have to fight for them. One avenue that freedom can be one in is the courtroom, where sweeping changes can be brought into reality. References Martin, Waldo E. Brown v. Board of Education: A Brief History with Documents. Boston: Bedford/St. Martin’s, 1998. 23 May 2010 from http://books. google. com/books? id=KRxIUFnaFs8Cprintsec=frontcoverdq=br own+v. +board+of+educationcd=1#v=onepageqf=false Maruca, Mary. â€Å"Brown v. Board of Education National Historic Site. † National Park Service. 23 May 2010 from http://www. nps. gov/history/history/online_books /brvb/brown. pdf How to cite Brown versus Board of Education, Papers