Fair starting salary for an MBA

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Whisper

Diamond Member
Feb 25, 2000
5,394
2
81
Originally posted by: ZowieHowie
Originally posted by: FlyLice
Originally posted by: jagec
well, they hand out MBAs like candy at most universities...however, since you actually have some experience, I would think it might be higher.

UNIVERSITY OF CENTRAL FLORIDA is that even a real university or something like DeVry?


No. Its not like DeVry. Not at all. Student population of 44,000+. Fastest growing university in the nation, and is the 2nd hardest university to get into in Florida (behind UF). Their graduate program is also right behind that of UF. Higher standards than FSU, USF, UNF, FAU, etc.

Not to knock UCF, but I have a difficult time believing that its standards are higher than both FSU and USF. However, I could be mistaken, as the only real experience I have with any of those universities is either through friends, or in terms of their clinical psych ph.d programs.

Regardless, as UCF is a younger school, its name is not as "valuable." And as someone has already mentioned, FL salaries as a whole seem to be pretty low. Probably because everyone wants to live down there, so the companies can offer what they do and still get away with it.

Try moving up here to GA and finding something (or at least looking while you remain in FL), if that's a possibility. You'll have Emory and UGA MBA grads to compete with, but Atlanta is apparently the fastest growing metro area in the history of the world (or something like that), so there are plenty of opportunities available. We also have a damn low cost of living, unless you stay in the city itself (and even then, it isn't all that bad).

The only problem is that you have to live with our drivers and traffic, both of which make me regularly want to kill myself.

Whatever you decide to do, best of luck.
 

Zenmervolt

Elite member
Oct 22, 2000
24,514
44
91
Originally posted by: FlyLice
Harvard, UPenn, Yale, top 10 is guarenteed $100k in corporate finance.
I'll have to tell that to the guy I work with. His Yale degree must be defective then. :roll:

If you can't interview worth shat, or if you've got a god complex it doesn't matter where your degree is from, you're not going to be making jack. Too many MBA students get the idea that they're somehow special even if they don't have business experience. Now, if you've been in the business for 5-6 years and you have a freshly-minted MBA, you'll be making more. If you went to grad school after only a tiny break though, you ain't getting any special treatment.

Deal with it.

ZV
 

cchen

Diamond Member
Oct 12, 1999
6,062
0
76
Originally posted by: FlyLice
Originally posted by: ZowieHowie
Originally posted by: FlyLice
Originally posted by: jagec
well, they hand out MBAs like candy at most universities...however, since you actually have some experience, I would think it might be higher.

UNIVERSITY OF CENTRAL FLORIDA is that even a real university or something like DeVry?


No. Its not like DeVry. Not at all. Student population of 44,000+. Fastest growing university in the nation, and is the 2nd hardest university to get into in Florida (behind UF). Their graduate program is also right behind that of UF. Higher standards than FSU, USF, UNF, FAU, etc.

In all honesty though, any MBA program that accepts right after undergrad will not be worth the parchment the degree is printed on.

Actually, I know someone who got into Stanford business school right after undergrad... though he was very entrepreneurial while in college
 

centexbnkr

Junior Member
Jan 29, 2005
6
0
0
Well, this topic gave me a good reason to register since I know a little on the subject.

My MBA is from a Tier 2 school and I started at $28,000 ten years ago. It was a tight job market (worse than it is now) and the cushy high paying jobs at the time were consulting. Anderson was the premier place to work. At that time, new hires with no experience started in the mid-high 30's. You had to be at the top of the class and have an exemplary non-academic record to get a second interview. Since I had niether, I went to work for a "regular" bank. I took about 5 years before I was making decent money. Like any other job, you have to prove yourself to move up when you start out at the bottom. I had engineering friends starting out at twice the salary with only bachelors degrees, which made me jealous.

My regret is going to graduate school instead of law school. As a banker, you get to see lots of tax returns. Say what you will about lawyers, but most of them make a pretty good living once they have some experience under their belt. I also see some from engineers from time to time. Lets just say I am not particularly jealous any more. The last few years has been tough on those with EE and CS degrees, at least in this part of the country. The comments about regional differences is valid. Making a $100,000 in NYC or San Francisco is the equivalent of $50,000 in say, Kansas City. Remember that cost of living, especially housing, is quite a but higher in NYC and California.

Having said all that, my recommendation (and personal opinion) is run from that offer. It's low and you will be working in a position that has little upside. Where do you go from managing a call center? Will it even be challenging intellectually in a few years? The predications I have read indicate the fastest growing jobs over the next 20 years will be in estate planning and investing. Managing money for high net worth individuals is a lucrative business, but it takes a long time to build a portfolio of clients. Start early and you will be making a great living by the time you reach 40. The best part is that the clients are there because of you (assuming you do a good job). You can move from place to place and have a portfolio of clients to bring with you. That's when you start getting the high paying job offers. Anyway, that's just a suggestion. One thing I don't recommend is starting your own business. It's way to much work, too risky, you have no benefits, and the pay is not too good. I see that every day.....

 

Ameesh

Lifer
Apr 3, 2001
23,686
1
0
my best offer out of collage was 84K a year and that was only after my undergrad, if i get an mba then i expect i will make $150K+
 

Nebor

Lifer
Jun 24, 2003
29,582
12
76
Originally posted by: Ameesh
my best offer out of collage was 84K a year and that was only after my undergrad, if i get an mba then i expect i will make $150K+

If you never marry, you could actually be pretty well off. :thumbsup: