<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 do realize this is the ‘MBA’ thread, but figured some people that peruse this section might have some input.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>
<p>an MBA doesn't worth that much anymore, my mom's friend's husband recieved his undergra in writing/journalism from duke and mba from duke and is currently unemployed though he had a great job from duke before, but it's pretty hard to find a stable job nowdays. it'll be better if you have something other than pure liberal art degrees before the MBA</p>
<p>Umm, you must've misread my post :) I'm talking about advice and salaries concerning <em>undergraduate</em> business graduates, not MBA graduates.</p>
<p>depends on the industry you wanna work in.
if you are talking about ibanking+s&t+consulting etc:
wharton, michigan, virginia, northwestern all would be offered good positions (front office, analyst positions) and thus the package would be the same
Chapel Hill places a significant number of grads in ibanks and consulting but not as much as the other 4. The package however would be more or less the same.
Kansas is a different story because even getting a job in ibanking+consulting would become tough without connections let alone worry about the salary. </p>
<p>"At the other end of the compensation spectrum, an investment banking analyst right out of college would have made a $65,000 salary and a $35,000 bonus last year." </p>
<p>Thats 100K right there. Wharton sends almost was it 50%? of the class into Ibanking and consulting. Some hedge funds pay their grads 120+K first year. Prop Trading shops often give packages where you get take home 50% of the money you make trading.</p>
<p>From that list if i had to select an order it would probably be:</p>
<p>Wharton, Michigan, Northwestern, Uva, UNC-chapel hill, kansas</p>
<p>The average salary for any of these schools is determined more by geography than anything else. Cities with a higher cost of living have higher salaries.</p>
<p>Getting a job has a lot to do with who you know. Looking back over the last quarter century, I can't think of a job offer I've gotten where I didn't know someone well enough to ensure that my resume would actually be read.</p>
<p>Going to a school in a particular location helps if you're interested in working in that general area.</p>
<p>Don't let small differences in dollars on somebody's chart determine your decision. </p>
<p>What field do you think you'd like to work in? Different regions are associated with different industries (the SF Bay Area and Seattle for software, Detroit for autos, New York for finance, LA for entertainment, Houston for energy, Kansas for agribusiness).</p>