A new MBA salary survey has found that Harvard Business School graduates earn, on average US$3.6m over a 20 year, post-graduation time period.
Other business school alumni that attended top ranked MBA programs in the US enjoyed similar accumulated salaries over the past 20 years. MBA alumni from the Wharton School, Stanford University, Columbia Business School, Tuck School of Business, MIT: Sloan, and Kellogg School of Management all witnessed average salaries of above US$3m, combined over a 20 year period.
Conducted for Bloomberg Businessweek, the MBA salary data was collected by Payscale through information submitted by individuals on various online wage comparison tools. While base salaries and bonuses were included, stock and options, which are often offered to high level executives as part of their remuneration packages, were excluded.
On average, MBA alumni from the 57 US business schools in Businessweek‘s 2010 MBA ranking saw salaries totaling US$2.4m over the course of a 20 year career. This equates to a US$120,000 annual MBA salary, though it should be noted that alumni tend to earn higher annual salaries as their careers mature, so fresh graduates should expect less initially.