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Impressive Starting Salaries post-Business School

By Stanley Rubenti
Learning & Life Columnist

When it comes to business school, one of the main deterrents for many people is the cost. With prices ranging anywhere from $20,000 to $60,000 for one year ($40,000 to $120,000 for two years), it is easy to understand why aspiring entrepreneurs, financial analysts, and money managers sometimes shy away from business school. But one has to think about these costs in the long run.

True, you might not have $60,000 in the bank to fork over right now, but when you consider the education, alumni network, and financial opportunities that business school can provide, $60,000 a year seems well worth it.

Business School: A Wise Investment in Your Future

According to The College Journal, a subsidiary of The Wall Street Journal, the average starting salary after business school is just under $90,000 a year. In addition, the average signing bonus after business school is just under $20,000 a year. And these figures don't necessarily include end-of-the-year bonuses. Imagine that - a year after completing business school, students can more than pay for their first year of tuition. And because salaries tend to go up, it becomes easier with each subsequent year to defray whatever tuition costs you might have incurred.

Unbelievable Opportunities Abound

The above salary figures only take into account jobs secured right after business school. What these facts and figures don't include are the numerous partnerships, ventures, and transactions made possible through a business school education. The alumni network you'll have access to after graduating can make it much easier to strike out on your own one day and start your own company.

Used properly, such a network could transform you into a multimillionaire only a few years after graduating from business school. Viewed in this light, does $60,000 a year for tuition seem so exorbitant?

Sources

• U.S. News & World Report
• CollegeJournal

About the Author
A freelance writer, Stanley Rubenti currently lives in Bangkok where he writes columns for a variety of publications. Stanley holds a B.A. in history.

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