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MBA Jobs: Prospective MBAs Expect 44% Pay Rise

Prospective MBA students are expecting a 44% pay rise after graduation, while US schools' admissions processes have been rated by applicants.

Sat May 31 2014

Prospective MBA students are expecting a bumper payday. Applicants expect an MBA degree to give them a 44% salary increase after graduation, according to a new survey from Huron Education.

The lucrative ambitions are revealed in survey released this week which polled 800 prospective MBA students via an open web questionnaire.

The males who filled out the survey in the United States said they currently earn annual income of $86,000, while the women earn $76,000. The men expected a 43% increase in their salary post-MBA – to $123,000 – while women expect a 44% hike to $109,000.

Huron Education conducted the survey for a trade association representing MBA admissions consultants. The sample targeted candidates who hire admissions consultants to help them apply to the most selective business schools.

The survey, sponsored by the Association of International Graduate Admissions Consultants, also named the top schools that MBA applicants felt most connected to, how candidates feel about the use of video in the admissions process, the most popular industry among candidates and interest in entrepreneurship, among other topics.

Among US-based schools, the Tuck School of Business and the Fuqua School of Business were some of the best-rated by applicants for getting to know them through the admissions process.

Tuck came first for the second consecutive year in a row, scoring more than Harvard Business School, Yale School of Management and the Stanford Graduate School of Business - which are all considered elite schools.