<p>Of course there is something wrong with this study. They are based entirely on a tiny fraction of the entire alumni base. In other words, they are not at all accurate. To a certain degree, I suppose you can look at starting salaries, but even then, without taking cost of living adjustment into account, the results are very hard to interpret. According to the most recent stats released by undergraduate business programs, below are the top earning schools (median starting salaries):</p>
<ol>
<li>Carnegie Mellon University (Tepper) $70,000</li>
<li>Massachusetts Institute of Technology (Sloan) $70,000</li>
<li>University of Pennsylvania (Wharton) $70,000</li>
<li>University of Michigan-Ann Arbor (Ross) $65,000</li>
<li>Georgetown University (McDonough) $63,000</li>
<li>New York University (Stern) $63,000</li>
<li>Worcester Polytechnic Institute $63,000</li>
<li>Washington University-St Louis (Olin) $62,000</li>
<li>Boston College (Carroll) $60,000</li>
<li>Cornell University (Dyson) $60,000</li>
<li>Emory University (Goizueta) $60,000</li>
<li>University of California-Berkeley (Haas) $60,000</li>
<li>University of North Carolina-Chapel Hill (Kenan Flagler) $60,000</li>
<li>University of Virginia (McIntire) $60,000</li>
</ol>
<p>Notre Dame (Mendoza) has a starting median salary of $57,000.</p>
<p>As far as Michigan’s CoE, I did not have a chance to look at the figures lately, but last time I checked (2011), it was among the top 10 in every single speciality. </p>
<p>Beyond starting salaries, it is pointless to look at those salary reports. Do you honestly think that more than a dozen alums (out of hundreds of thousands) will accurately list they annual earnings?</p>
<p>I just glanced at the 2013 “Top Hiring Companies” from Ross. JP Morgan, Goldman Sachs and Morgan Stanley hired 30 Ross students into full time positions. That is pretty impressive. Last year, those three only hired 17 Ross students. 17 i pretty good mind you, but 30 in a class of 380 is off the charts. </p>
<p>They also took on roughly as many Ross interns. Very few programs can claim to place close to 10% of their students in the top 3 BB IBanks. Payscale surveys are pathetic. Better rely on solid facts such as placement reports. The median starting salary for Ross students was $65,000. I doubt more than three or four programs have higher medians. </p>
<p>Senior in the business school here, just wanted to clarify. The students hired by JP Morgan were almost all hired by JPM Private Banking, not investment banking. Ross only sent 1 kid to JPM’s investment banking division for this past summer. As for Morgan Stanley, Ross only sent 2 kids to MS investment banking - the rest were in equity research and Sales and Trading.</p>
<p>Goldman Sachs, on the other hand, is a whole other beast. Ross sent 6 kids to GS IBD, which was tied for Harvard for the most of any school.</p>
<p>Not to knock Ross, it’s a great school, but I just though I’d clear some things up. It still places phenomenally, and in my class, there were about 65 kids going to top investment banks/MBB.</p>
<p>Also, for what it’s worth, that payscale site for starting salary is BS. I’m going to a BB IB and my pay is gonna be 70k base, 10k signing, and I’m expecting 40-50k performance bonus. So take that as you will.</p>
<p>RSB, I consider Private Banking to be a part of IBanking. Regardless, all the jobs with those firms are great starting points and training grounds for people interested in careers in finance.</p>