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<p>I’m still shocked at the plethora of tenured business school faculty at top business schools who no longer do research, not having done so in years. Nor do they teach much either. Frankly, it’s not clear that they do much of anything at all. Yet because they’re tenured, nobody can say anything. They continue to collect their hefty paychecks for not much work. That’s a true gravy train.</p>
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Stanford grad does not command top pay. And no school’s average pay is even close to that number. </p>
<p>[MBA</a> Pay Through the Years - BusinessWeek](<a href=“Bloomberg - Are you a robot?”>Bloomberg - Are you a robot?)
This year’s average starting salary actually dropped due to turmoil in banking and consulting.</p>
<p>Top starting salary:
<p>Top Career Pay:
<p>Stanford was 4th on both of those lists…</p>
<p>boston eng; you are missing a few fundamental points.</p>
<p>A) your risk reward argument assumes there is not such thing as alpha generation, which is flat out wrong, the notion of alpha generation is the whole reason the active money management exists (now the question as to how many managers can actually consistently produce excess returns is much more interesting)</p>
<p>B) on average HF’s outperform MF’s on a risk adjusted basis (of course there is some question as the the smoothing effect of holding illiquid instruments as well as survivorship bias in the HF business)</p>
<p>liu02, my figures were for total compensation, not just starting salary -and, in fact, the median was $180,000, not the $175,000 figure that I mentioned.</p>
<p>Stanford Graduate School of Business MBA Class of 2008
<p>2007
<p>2006
<p>Now, if you would be so kind as to provide proof of another business school having a starting compensation higher than $180,000, I would appreciate seeing it.</p>
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<p>First year MBA salaries are often higher than 2nd year because of signing bonus at first year and other relocation expenses that are not recurrent in subsequent years. It is misleading to think that if the median is $180K including bonuses at first year, then second year would be higher.</p>
<p>In my D’s case, she had a total cash bonus of $45K offered in the first post MBA year that is non recurrent in her second year.</p>
<p>cbreeze, care to compare bonuses between the first year and second year at the better investment banks and private equity firms?</p>
<p>guarantee that the second year would be much much bigger…</p>
<p>and</p>
<p>the salary would have been increased also</p>
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<p>Where is this stated that this is the average for investment banking and PE? This is the average of ALL industries.
You have to understand that finance is not the end goal of most MBA graduates.</p>
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<p>Give me some stats between first year and second year in 2008 and 2009 compared with 2006 and 2007.</p>
<p>cbreeze, yes the averages are for the Stanford Graduate School of Business overall, all industries. The figures for Investment Banking and P/E would be higher, of course.</p>
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<p>cbreeze, please don’t act silly here. It is well known that bonuses for 2nd year associates at the top investment banks and P/E firms are much much higher than their first year bonuses.</p>
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<p>cbreeze, about 2/3rd’s of recent Stanford B school graduates go into the financial services and consulting fields.</p>
<p>and those fields would give signficantly higher bonuses in the 2nd year compared to the first year of employment.</p>
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