Business Schools Where MBAs Land Six Figures

Discussion in 'Business and MBA degrees' started by Lerner, Mar 19, 2013.

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  1. Lerner

    Lerner Well-Known Member

    Business Schools Where MBAs Land Six Figures

    Business Schools Where MBAs Land Six Figures | LinkedIn
     
  2. AUTiger00

    AUTiger00 New Member

    Vandy's on there! I wasn't even close to $108,889 coming out of school. I'm an underachiever. To be honest, I really question these numbers, only because the students reporting their salaries to career services are proud of what they are being paid or at least not ashamed of it. I know plenty of people at Owen as well as some at Darden and Ross that started out making less than $65k.
     
  3. Lerner

    Lerner Well-Known Member

    My sons cousin by graduating USC BBA was hired by Wells Fargo as a business analiyst his first job after the BBA degree, then he went back to USC earned MBA and switched to a contract with major automaker at $65 an hour on W2 + benefits. The 6 month contract ran longer, at some point he was converted to FTE with nice 6 figure salary.
    from his classmates that he knows everyone had 1 to 2 job offers by the end of MBA graduation from USC. Many were experienced professionals who went back to school to earn MBA.
    Some took contract work initially others joined FT employment.
    some are in DBA program.

    I remember my PM was USC grad as well, she was making $65 an hour on W2. Then she switched to another company for $80 an hour.

    Wile our friend Betsy graduated with MBA from University of Judaism and landed 40K a year job after looking for many months.
     
    Last edited by a moderator: Mar 19, 2013
  4. rebel100

    rebel100 New Member

    What! No WGU? :) :)
     
  5. NWLearner

    NWLearner Member

    Let's not forget that many of these graduates probably already had very nice jobs before they entered the MBA programs, especially since many of the top schools tend to be very selective when it comes to previous work experience.
     
  6. AUTiger00

    AUTiger00 New Member

    Funny enough, we were discussing this on Friday night. It was myself, my friend from Darden (UVA), another friend from Sloan (MIT) and a girl from Johnson (Cornell). You'd be surprised at the backgrounds of the students you find at a lot of these schools. Sure, there people coming over from low level i-banking and consulting where they were making between $80-$120k, but I had classmates that were school teachers, a lot that had lowly marketing jobs that paid $35-$45k, there was even a girl that had managed an enterprise rent-a-car and another that managed a Gap. In all honesty, if you met the incoming classes at one of the schools on this list you would probably only define 10-20% of the students as "impressive". A lot of it is the school wanting to have a diverse class, it really is shocking when you see some of the people that get in.
     
  7. Maniac Craniac

    Maniac Craniac Moderator Staff Member

    :eek:fftopic:
    Don't underestimate Enterprise. By all accounts, their management program is superb and none-too-easy. They train their employees from the bottom up, showing them every aspect of business administration while simultaneously giving them experience at every level before graduating them to management. It's a highly respected program that often propels their employees to have great sucess not just in-house but also for other companies, who recognize their quality, without ever getting a business degree. That they get paid in the process is also a boon.

    Yes, I'm considering applying...
     
  8. AUTiger00

    AUTiger00 New Member

    I know it's a very well regarded management training program and I wasn't trying to degrade it. Their recruiting practices are to target kids from large state schools with GPAs 2.0-3.0 so it's odd to see what you would assume is someone with that background at a very elite business school. My classmate actually graduated undergrad from Dartmouth. I never delved into why she went to Enterprise from the start, but she was not their stereotypical hire.
    I have friends from undergrad that did that went to work for Enterprise. Enjoy washing cars in a suit for little-to-no money is all I am saying.
     
  9. Maniac Craniac

    Maniac Craniac Moderator Staff Member

    The experience seems to vary greatly depending on the region in question.

    In my case, I've done much worse for much less while wearing a suit. Also, you and I undoubtedly have very different perspectives on "little to no." I don't know the ins and outs of your life, but judging by several of your posts, it sounds like you've been blessed to not have to know just how little "little" can be and when "no money" really means no money.

    Not to say for certain that I will apply, because I do have a plan A and five plan Bs to pull me out of my current situation before I have to pull out my Plan Cs (*shudders*).
     
  10. AUTiger00

    AUTiger00 New Member

    That's fair. I've never had to go without so my idea of "no money" probably differs from some people, but I still say that Enterprise underpays college graduates. 10 years ago when I got out of Auburn their average starting salary was $28k-$31k. The average starting pay of an Auburn b-school grad was around $32k then so a decade ago the pay was adequate, but if you look at what Enterprise pays today, $30-$32k, compared to what the average Auburn b-school grad gets today, right around $50k, you can see Enterprise hasn't really adjusted their pay scale adequately to compensate for inflation and they are probably not getting the same caliber talent they did in 2001. If you were adjusting for inflation and Enterprise paid $32k a decade ago, they should be paying $41.7k (in a perfect world of course).
     
  11. Randell1234

    Randell1234 Moderator

    My wife worked for Enterprise a while ago the management trainee program is solid. I know there were people their that had their own branch (manager) make $50K or so and everyone seemed to be having fun.
     
  12. 03310151

    03310151 Active Member

    Enterprise Management Training Program? lol, BTDT.

    It's a sales job, pure and simple. If you are good at sales you'll make money in sales no matter what and you can make way more money somewhere else.
    The first nine months are all training and working (cleaning cars, driving from one location to another, and selling insurance) 6 days a week from 7am to 7pm (usually later) and ONLY noon on Saturday.
    Minimum of 48 hours per week. Minimum. Average hourly rate comes out to just over $11 an hour.
    After the training period you can "apply" for an assistant manager position. No overtime pay, way more hours for about $2500 more per year.
    HR overinflates how much you will make. Go to an interview just to be "sold" on the job, it's an interesting experience in and of itself.
    There's a reason they hire so many college grads, it's called turnover.

    You can have a better career and make more money in the General Management in Training program at McDonalds. Better pay, and WAY better benefits.
     
    Last edited by a moderator: Apr 9, 2013
  13. Maniac Craniac

    Maniac Craniac Moderator Staff Member

    I'm sorry for taking this thread soooo far off-topic. I'm no apologist for Enterprise, although I am a frequent customer and have never been so pleased with a company's customer service. (ok, I just realized that I REALLY sound like I've been paid to write this, lol. I don't know how to fix that without just pulling my comment, which I clearly am not doing.) I just find myself attracted to the idea of "alternative" routes for career success. I know one particular person who learned a specific practical, marketable skill in college and decided to "use" Enterprise as a way to learn how to run a business so she can create her own practice instead of being a practitioner for another firm. Genius, if you ask me, and she's in love with her training and experience. This ends my derailment of this thread.
     
  14. 03310151

    03310151 Active Member

    Threads go where they go for the most part and discussing business management training in a business related forum is not real off topic. Besides, if the topic was interesting we would still be discussing it instead of ERAC.

    Good job on your friend, and good luck to you!

    C
     
  15. Ian Anderson

    Ian Anderson Active Member

    I almost always rent from Enterprise - one reason being that they allow spouses to drive at no extra cost. Most other rental companies I have used charge $10 per day. And of course top class service. My last rental car had three miles on the odometer.

    However I just reserved a car from Enterprise in the UK and they do charge 10 pounds UK per day for spouses.
     

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