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| Home > News > Financial and Economic News > Recent Wharton MBA grad earns $350,000 in 2010 |
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| Recent Wharton MBA grad earns $350,000 in 2010 |
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| 12/28/2010
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A CNN report reveals that a recent graduate from the University of Pennsylvania's MBA program received a starting salary of $350,000 per year, which is the highest of any new MBA recipients in 2010.
The article - which examined the highest salaries straight out of business school - showed that the median pay for graduates of Pennsylvania's Wharton School is $110,000. The individual who earns $350,000 was hired at a private equity firm in New York following his graduation. MBAs from four other business schools - Stanford, Chicago, Columbia and Northwestern - earned a starting base salary of at least $300,000.
According to the news provider, the record for highest base salary for an MBA graduate is $420,000, which was earned by an Wharton scholar in 2009. In 2010, the lowest-paid MBA from Wharton earns $25,000 per year in the "media and entertainment" industry. At Stanford, its lowest paid business school grad received a base salary of $40,000 in the healthcare field.
According to PayScale.com, a CEO who has an MBA earns a median salary between $106,248 and $207,584 per year. |
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