Welcome to F1GMAT’s #askAtulJose series. In today’s episode, I will share a summary of a study we conducted at F1GMAT comparing 2012 vs. 2022 Salary data for the top 100 Business Schools. The ranking is based on the Financial Times Business School rankings.
The two years – 2012 and 2022 are important. 2012 was a time when the world markets were recovering from a recession, and 2022 was a time when we slowly began to come out of the pandemic. With the cost of a top MBA closing in on $250,000, many of our readers and listeners have requested us to suggest schools that have impressive salary growth but might not feature in the top list (M7 or Top 20).
Do note that the Financial Times uses a weighted salary or a 3-year salary data that covers 2009 to 2011 for the 2012 ranking and 2019 to 2021 for the 2022 ranking. The salaries are converted to US Purchasing Power Parity dollars using data published by the International Monetary Fund. In a way, this study is a sign of schools with the most resilient brands and effective career service teams.
So here are the Top 3 Findings
1) Top US Value Schools
84% of the 38 schools in the list were US-based. Fisher School of Business at the Ohio State University demonstrated the highest percentage growth in salary, at 47%. That is, in 2012, the salary growth for an MBA from Fisher was 113%, but in 2022 it rose to 160% with an impressive $145,000 total salary. The second on the list was Mendoza College of Business, and the third was Simon Business School.
All these three schools have a total salary in the range of $140,000 to $145,000.
But if you look at Salary Growth and a total weighted Salary that exceeds $165,000, then you should consider two schools: USC Marshall and McDonough School of Business.
2) Increase in Weighted Salary
If you look at the salary increase in absolute terms adjusted for Purchasing Power Parity, SDA Bocconi is #1, Wharton is #2, the National University of Singapore Business School is #3, Haas is #4, Stern is #5, and USC Marshall is #6.
3) Rise of Asian Schools
Over the past decade, 5 UK schools were no longer featured on FT’s rankings.
Asian Schools, especially top schools from China, India, and Singapore, feature among the top list by the increase in salary and increase in weighted salary over the past decade.
See our MBA salary Study - Top 100 Business Schools (10 years)
