Will your starting salary be worth the business school investment?
From ranking which alumni boast the best median starting salary, to MBA programs enrolling more women, to an inside look at the HBS interview—it’s been another interesting week of business education news. Keep reading to find out what’s on the landscape.
Best business schools by starting salary
Earning your MBA isn’t cheap—tuition can run well over $60K per year. Add in fees and opportunity costs, and we’re talking at least $100K for one year at a top-ranked business school. Of course, there are less expensive options, but attending the right business school could yield a terrific ROI. Consider this: According to Forbes, MBAs can expect a median starting salary of about $100K. By comparison, those who hold only BAs have a median starting salary of $45K. According to PayScale, as graduates from top-tier MBA programs progress in their careers, their median salary rises to $200K. Check out the full list to see which MBAs earn the most after graduation. (Business Insider)
Recruiting women
Some of the country’s best business schools have been open about their efforts to attract female students, and many have been wildly successful. Take UC Berkeley Haas for example. While its Class of 2015 was just 29% women, that number rose to 43% with its 2016 graduating class. As one top business school admissions consultant put it, “The perception is that the schools are falling all over themselves to get females through the door.” Some other stats to consider: There are more men than women enrolled as undergraduates, and the male to female ratio in both law school and medical school is near parity. (Poets & Quants)
Online MBA
Are you considering an online MBA because of its cost-effectiveness? Although earning a business degree remotely may be convenient, these programs aren’t always cheap. Check out this list of costly online MBAs, where each credit may set you back as much as $1,800. On the flip side, online programs allow for flexibility and saving on other expenses. Online MBA programs are also quite popular with students who want to study part-time. (U.S. News & World Report)
Inside the HBS interview
Ever wonder what the interview process for Harvard Business School is like? Luckily we have an insider’s guide of what to expect. Familiarize yourself with these question, as they seem to be asked by many admissions officers during the HBS interview. Question topics include explaining why you chose to work at your current company, describing a time you helped someone at your job, talking about your greatest accomplishment, and discussing a time you failed. (Business Insider)
$10,000 matchmaking challenge
Meet Harvard Business School alumnus Ren Lu You. He’s offering $10,000 to anyone who can set him up with a woman. The catch: The relationship has to last at least six months. We can’t help but wonder if that’s a good ROI. Wouldn’t signing up for a free OKCupid account or even paying for a subscription service like Match.com be a better investment? (The Washington Post)
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The post MBA News: Starting Salary Rankings, HBS Interview Insights appeared first on Business School Insider.