Scholarship News

Wharton MBA Earns a Whopping $350,000 Starting Salary


January 18, 2011
by Suada Kolovic
You read correctly, a Wharton graduate nabbed the highest annual base salary last year with a private equity firm in New York. The staggering $350,000 starting salary was more than three times the median base salary – $110,000 – of the MBA’s classmates. Yet, these high paying salaries are anything but unique: MBAs from some of the top business schools in the U.S. – Wharton, Stanford, U. Chicago, Columbia and Northwestern – reported that the highest base salary received by a 2010 graduate was $300,000 or more. These figures come from annual summaries of employment of the most recent graduating class. The Wharton MBA career report, which gets its data from student surveys, includes information on compensation, location of employment and the industries in which the graduates now work.

You read correctly, a Wharton graduate nabbed the highest annual base salary last year with a private equity firm in New York. The staggering $350,000 starting salary was more than three times the median base salary – $110,000 – of the MBA’s classmates. Yet, these high paying salaries are anything but unique: MBAs from some of the top business schools in the U.S. – Wharton, Stanford, U. Chicago, Columbia and Northwestern – reported that the highest base salary received by a 2010 graduate was $300,000 or more. These figures come from annual summaries of employment of the most recent graduating class. The Wharton MBA career report, which gets its data from student surveys, includes information on compensation, location of employment and the industries in which the graduates now work.

According to management professor Mathew Bidwell, it is both the characteristics of the individual and of the job itself that lead to large starting salaries. “These [private equity] firms tend to have reasonably few people managing very large sums of money,” said Bidwell, whose research focuses on employment. “As you get more senior, each person potentially has quite a substantial impact on the success or the failure of the fund.”

At Wharton, the $350,000 salary earned last year isn’t even a record. In 2009, the top-earning graduate landed a $420,000 base salary…wow. Now, I’m sure you’re thinking where do I sign up, but how important is a high paying salary to you? Are you thinking about changing career paths in order to rake in the dough?

College is expensive, Scholarships.com is completely free. Pay for your college education with as much free college scholarship money as possible. By applying to all the awards you qualify for, you can be sure to not miss a single opportunity in paying for your college expenses - including tuition, fees, room and board. Get matched to college scholarships instantly and start applying today by conducting a free college scholarship search at Scholarships.com.

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



If you can read this, don't touch the following fields


 
At Scholarships.com, we help students find scholarships to pay for college tuition. But what if you didn’t have to pay tuition? There are a handful of schools in the U.S. that are tuition-free, meaning that while students may have to pay for room and board or meal plans, they do not have to pay tuition to attend the college. On the flip side, tuition-free schools may require students to work alongside their studies or, for military academies, to enlist upon graduation.

Free College? Check Out These Tuition-Free Schools!

October 15, 2020 2:34 PM
by Izzy Hall
At Scholarships.com, we help students find scholarships to pay for college tuition. But what if you didn’t have to pay tuition? There are a handful of schools in the U.S. that are tuition-free,
Rap artist Megan Thee Stallion has partnered with Amazon Music’s Rap Rotation to launch the “Don’t Stop” $10,000 scholarship. Megan Thee Stallion, who has had two #1 hits just this year, wants to honor all women who “don’t stop working hard” even through tough times to complete their education. The scholarship is open to all women of color around the world who are currently enrolled at an institution of higher education and are seeking an associates, bachelor’s or graduate degree in any discipline. Two winners will receive $10,000 each. A college student herself, Megan Thee Stallion is passionate about the “transformative power of education” and advocates on behalf of all women pursuing college degrees.

Check out Megan Thee Stallion’s New Scholarship!

October 9, 2020 3:23 PM
by Izzy Hall
Rap artist Megan Thee Stallion has partnered with Amazon Music’s Rap Rotation to launch the “Don’t Stop” $10,000 scholarship. Megan Thee Stallion, who has had two #1 hits just this year, wants to