How much does a person with an econ or finance degree and an MBA make in their lifetime?
September 24, 2008
chris n asked:
Consider if they had their 4 year degree in economics or finance, how much would they make? Say they worked for the next 40 years.
Consider if they had their 4 year degree in economics or finance, how much would they make? Say they worked for the next 40 years.
September 25th, 2008 at 6:50 pm
There’s huge variance, but top MBA programs report starting salaries in excess of $100,000, (http://www.admissionsconsultants.com/mba/compensation.asp) and they certainly go up with experience. So $5-$10 million would be a reasonable number.
September 28th, 2008 at 2:01 pm
There is a lot of variation. It can easily be shown with reasonable assumptions that the MBA degree adds more value over a lifetime, taking into account the loss of income during study, cost of tuition, and other costs. Starting salaries of MBA graduates range from about $40,000 to well over $150,000. The MBA can lead to multi million dollar incomes, unlikely for the person with only a bachelors degree.
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