Average starting salaries

Colleges and Universities A-Z University of Pennsylvania
1

<p>Hi, I was wondering if anyone could direct me to a place, or copy/paste, average starting salaries for an undergraduate business major from certain schools. I am in the process of deciding which would be better financially for me in the long run: stay in-state at my current university (University of Kansas) and be in zero debt after graduation, or attend a top business/economics program, most likely Northwestern for econ, or Michigan for business (possibly Wharton if I got in, but I doubt it). Michigan seems to be my match at the moment, and if I went there, I’d probably end up with about $70,000 dollars of loans to pay off, and I believe a 10 year loan is what I would be able to do (correct me if I’m wrong) with pretty low interest. So could anyone help me out? What are the average starting salaries for:</p>

<li>Michigan business major</li>
<li>Northwestern economics major</li>
<li>Wharton business major</li>
<li>University of Virginia business major</li>
<li>University of North Carolina-Chapel Hill business major</li>
<li>University of Kansas business major</li>
</ol>

<p>Thanks a lot in advance, even if you don’t have the numbers but have some advice, that’d be much appreciated.</p>

2

<p>i know michigan bba (grad program) salaries are as follows
(interns)
ranges (in thousands)
accounting 16.8-46.8
consulting (not listing subcatagories) 15-50.4
Finance (""")10.5-120
(i should mention ibanking is 12-120)
Marketing 12-45
operations management 18-45
other 12-55.2</p>

<p>graduates</p>

<p>accounting 40-51
buying/purchasing 40-50
consulting 40-55
finance 35-60
marketing 25-63
other 12-53</p>

<p>finance always has the highest medians (which i omitted)</p>

<p>this is from the bba class of 04 and 05 employment summary
(I met w/ someone from bba school when i visited umich, it was a scheduling mistake cause they dont do ugrad interviews/tours)</p>

<p>I would assume that all undergrad starting would be lower, but I know that kellogg requires 2 years of work experience between ugrad and grad.</p>

<p>kellogg is currently ranked best business, followed by uchicago, wharton, michigan, virgina (for grad i think)
i wouldnt consider unc, its really hard to get into and i dont think that great (uva and mich ranked higher for overall)</p>

<p>i also have a friend in kansas ugrad business, (sophmore, not the brightest kid but knows business), he says that like the majority of the business majors there switch out b/c it is also tough, so it is probably a good school</p>

<p>probably the best is go instate, work super hard, then go to grad school (work paid or something) if you want to avoid debt</p>

<p>the most successful people I know either didnt graduate college, got degrees from ccs, or work in unrelated fields, so name isnt everything</p>

3

<p>this is a very sad thread. i hope your are not going to college solely to become rich and wealthy. if that is true then I hope the adcom rejects you.</p>

4

<p>I disagree, Seven. With the costs of post secondary education rising, and the job market growing increasingly tight, there's a lot to be said for seeking out the most bang for your buck.
Though maybe he/she could be a little more tactful and ask other questions about Wharton besides... ;:/</p>

5

<p>you should tell an adcom that. i wonder what they'll think of you. if you were an adcom would you admit someone who wanted to go to university for the sole purpose of making money bang for their buck? its the antithetical meaning of education.</p>

6

<p>country_crazy is already in wharton (i think)</p>

<p>also, none of the jobs I mentioned (with the exception of the highest ibanking, but thats b/c they make %s), are really high salaries for people who have gone through 6 years of school, and if a person wants to pick schools based on how quickly they can get out of debt, let them
hopefully they consider other things too</p>

7

<p>Wharton's</p>

<p><a href="http://www.vpul.upenn.edu/careerservices/wharton/surveys/Wharton2003Report.pdf%5B/url%5D"&gt;http://www.vpul.upenn.edu/careerservices/wharton/surveys/Wharton2003Report.pdf&lt;/a&gt;&lt;/p>

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<p>Uhhh no Seven, if it were up to me <em>I</em> wouldn't "admit someone who wanted to go to Penn for the sole purpose of making money." But I doubt the poster is like that. I think/hope riz is just asking a very specific question. </p>

<p>Personally, I don't believe consideration of the money issue is any different than choosing a school based on it's rank. Both methods are rather arbitrary, and neither one will guarantee that you'll receive the best education or post graduation income or whatever. </p>

<p>It is a petty question if there aren't some follow ups, riz.</p>

9

<p><<i hope="" your="" are="" not="" going="" to="" college="" solely="" become="" rich="" and="" wealthy.="" if="" that="" is="" true="">></i></p><i hope="" your="" are="" not="" going="" to="" college="" solely="" become="" rich="" and="" wealthy.="" if="" that="" is="" true="">

<p>notice how i said "if that is true". i dont make assumptions i merely state my opinion on an issue the thread may come out to become.</p>
</i>

10

<p>Rock Chalk Jayhawk Go KU!!!
Hey riz! I used to live in Lawrence.</p>

11

<p>Seven Nights, I am a bit offended that you would assume such a thing, but you don't know me, and I don't know you, so what can ya do? :) But to each his own. This is just me looking at out of state colleges from a purely economical standpoint. Don't get me wrong, I have researched and am still researching all of the aforementioned colleges in many other aspects.
I had a pretty significant chat with my father today about the disadvantages/advantages of attending a better business school than KU, and he posed some serious questions for me. He brought me to the realization that he (and my mother) simply cannot afford out of state tuition at the universities I aim to attend next year, so I decided to post this thread to get some input from other CC'ers about what might be best for me. I feel like I could end up with the same career opportunities at Kansas as I could at Michigan, however, I feel that I would be heavily increasing my chances of landing a great job if I graduated from Michigan.</p>

12

<p>Seven Nights, I am a bit offended that you would assume such a thing, but you don't know me, and I don't know you, so what can ya do? :) But to each his own. This is just me looking at out of state colleges from a purely economical standpoint. Don't get me wrong, I have researched and am still researching all of the aforementioned colleges in many other aspects.
I had a pretty significant chat with my father today about the disadvantages/advantages of attending a better business school than KU, and he posed some serious questions for me. He brought me to the realization that he (and my mother) simply cannot afford out of state tuition at the universities I aim to attend next year, so I decided to post this thread to get some input from other CC'ers about what might be best for me. I feel like I could end up with the same career opportunities at Kansas as I could at Michigan, however, I feel that I would be heavily increasing my chances of landing a great job if I went to a school such as Michigan. What are your thoughts on all of this?
Again, I don't want there to be any bad blood here. I am simply attempting to receive input on some specific questions.</p>

13

<p>Seven Nights, I agree with you that education is more than just about making money, but there is no way I would consider paying $40k/year for an education that will never allow me to make a lot of money. That's why Wharton's salary reports are very interesting.</p>

14

<p>Mavin, what are you getting at?</p>

15

<p>You are mad Seven, I want to go to Wharton to make money. Why the hell would I want to become a trader if I didnt want to make money? Of course I want to go to Wharton to learn from the best professors in the business, but there are also other great professors at schools ALOT easier to get into. Wharton arguably has the best banks recruiting on campus and thats why I want go to there. Besides if I strike it rich I doubt Penn would reject a check for a large chunk of change.
You sound like some starving artist...</p>

16

<p>rizdiz, I'm getting at exactly what I said. The reason for applying to the best business school that costs $40k per year isn't so I can be intellectually enlightened but so I can get a well-paying, enjoyable job after college.</p>

17

<p>Double post</p>

18

<p>I agree with Mavin that no one should shoulder the costs of attending a college for anything above $20K/year. thats an insane financial burden on you parents and family. what I am merely SPECULATING about is that IF YOU go to a college solely to MAKE MONEY then you have the wrong intentions. my post wasn't to cause offense, but to merely make one think of why the institution of higher learning exist. they exist to for a particular reason of which you probably know or can google bc I dont feel like being a lawyer right now.</p>

<p>moreover, haithman if your going to Wharton to make the biggest check that exists in the business community then you my friend are mad. many business majors I know of chose to major in that specific field not because it brings the most money or material wealth but because its their talent and deepest passion. that is a legitimate reason. making boat loads of cash isn't. and btw I also applied to Wharton however I dont want to go to Wharton solely to make the largest check that exists. I want to go into business because I have a passion for it. I dont want to go into business to make money I want to accomplish something else.</p>

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<p>Who says I dont have a passion for finance?</p>

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<p>I dont see anything wrong with going to Wharton or any other college...or program for that matter to make money....
Think of it...passions also have to be realistic...will they make a living for you and your family etc...someone might have a passion to study the something completely useless in reality...i.e. no job, no money</p>