For many years, prospective business school students have studied the career stats for the nation’s top MBA programs like handicappers poring over the Daily Racing Form before the big race. But unlike that august publication, which can tell you which horses love the mud and which finish strong, the career stats have been, well, uninspiring. While individual schools sometimes provide more detailed information, for the most part what you got was average pay for each school’s graduates in their first job after graduation. And that’s it.
Not anymore. For the first time this year Bloomberg Businessweek is publishing the most detailed and comprehensive pay information on MBAs available anywhere. The information comes from two sources. The schools themselves provided information on pay for graduates by industry, functional area, world and U.S. regions, even levels of experience. PayScale, a Seattle-based aggregator of pay information, provided information on graduate salaries many years after graduation by industry and functional area.
Combined, the two sources of data provide prospective MBA students with a far more nuanced—and far more useful—look at the potential return on their B-school investment. Look for the new pay information in the redesigned B-school profiles.