更新时间:2024-07-05 22:13作者:佚名

College students and young professionals often wonder whether attending a top graduate business school will set them up for career success.



An MBA degree from a quality business school can help people break into certain highly competitive business sectors, such as Silicon Valley tech companies or the Wall Street finance industry. Prospective students who dream of working in major cities far from home can often benefit from earning their MBA at a nonlocal school.


For students who are intrigued by the possibility of earning an MBA degree but wonder whether it's a good fit, here's an outline of what they can expect to get out of an MBA program.



The Financial Return on Investment for an MBA




Annual tuition and fees are far higher at some ranked, full-time MBA programs than at others. The most expensive ranked programs charged yearly rates of $70,000 or more in the 2021-2022 school year, while the least costly programs were below $20,000.


Top business schools tend to have higher tuition and fees than schools further down the rankings. But this isn't always the case, and cost differences sometimes exist between B-schools that rank similarly.


For example, New York University's Leonard N. Stern School of Business charged $78,700 in tuition and fees for the 2021-2022 year, but the school it tied for 12th place in the overall U.S. News MBA rankings – Duke University Fuqua School of Business in North Carolina – charged $70,000.

例如,纽约大学Leonard N. Stern商学院在2021-2022年收取78,700美元的学杂费,但与它在U.S. News MBA综合排名并列第12位的杜克大学富卡商学院的费用则是70,000美元。

Sticker prices are typically lower at public schools than private schools, especially for in-state students.


Partial and full-ride MBA scholarships exist, but they can be extraordinarily competitive. Some MBA scholarships are reserved for specific populations of applicants such as women, students of color, active-duty military personnel and military veterans.



The Average MBA Salary and Bonus


Starting salaries and signing bonuses vary greatly among MBA graduates, with alumni of highly ranked B-schools in the 2023 U.S. News Best Business Schools rankings earning notably more than their peers who graduated from lower-ranked schools.

MBA毕业生的起薪差别很大,在U.S. News发布的2023年最佳商学院排名中,排名高的商学院毕业生的收入明显高于毕业于排名较低学校的同龄人。

Among the 10 ranked B-schools where the average salary and bonus were highest, the overall average compensation was $175,789. At the 10 ranked B-schools where the average salary and bonus were lowest, the overall average compensation was $55,755.


U.S News data shows that pay among MBA grads differs by sector. Those who work in the consulting sector are paid an average base salary of nearly $147,200, while those who work for the government typically make approximately $87,700, or about $59,500 less.

U.S. News的数据显示,MBA毕业生的薪酬因行业而异。在咨询行业工作的人的平均基本工资接近147,200美元,而在政府工作的人通常赚取约87,700美元,或少于59,500美元。


Nonfinancial return


Still, in order to decide whether it's a wise decision to attend B-school, it is not sufficient to calculate the immediate financial payoff of an MBA degree, because the professional contacts you make during B-school could have a long-lasting influence on your career trajectory.


Mike Catania, the founder of the coupon website and a student in the executive MBA program at the University of California—Los Angeles Anderson School of Management, says one of the major reasons why he chose to attend B-school was a desire to expand his network. "I got exactly what I wanted – access to brilliant classmates and faculty that I would never have encountered on my own," he wrote in an email. "It's difficult to ascribe a value to that, but I look at it as only temporarily intangible – the relationships forged over the next few years will positively affect my opportunities as an entrepreneur moving forward."


MBA Requirements


MBA applications typically include standardized test scores, resumes, academic transcripts, essays and recommendation letters.


Many B-schools will accept either GMAT or GRE test scores. However, there are some test-optional MBA programs where applicants do not need to submit business school entrance exam scores. Additionally, some B-schools that ordinarily require test scores will waive that requirement for applicants who qualify based on impressive work experience or a solid college GPA.


B-schools occasionally invite applicants to interviews and sometimes require applicants to submit video essays. And most programs prefer MBA applicants who have significant work experience, though some programs are designed for college students or recent college graduates.


MBA admissions officers generally like to see evidence of career progression in an MBA application, meaning that the applicant gradually took on more professional responsibility. It's also helpful if applicants have success stories about how they were able to contribute to their current company, past employers, college campus or local community, experts say.


来源:U.S. News等,图片源于网络,如侵删。