Don’t Even Bother Going To Grad School

Don’t Even Bother Going To Grad School
World
Like Us On Facebook
Like Us On Facebook

Getting your Masters in Business Administration requires hard work, commitment and a shitload of money. That’s why a lot of people continue to question whether the rewards the degree can get you are even worth the trouble of attaining one.

According to WSJ, the answer is no. New statistics are showing that the average amount of money earned by people with M.B.A’s is frighteningly less than most would expect.

From WSJ:

“The M.B.A.’s lot is partly reflected in starting pay. While available figures vary by schools and employers, recruiters’ expected median salary for newly hired M.B.A.s was essentially flat between 2008 and 2011, not adjusting for inflation, according to a survey by the Graduate Management Admission Council.

For graduates with minimal experience—three years or less—median pay was $53,900 in 2012, down 4.6% from 2007-08, according to an analysis conducted for The Wall Street Journal by PayScale.com. Pay fell at 62% of the 186 schools examined.”

Odds are that if you go to a highly reputable school, the chances of you making more money than predicted are probably larger. However, the job market is getting slimmer every day. In 2010-2011, the number of graduating MBAs was 74 percent higher than it was in 2000-2001.

Sean Levinson | Elite. 

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Sean Levinson

Sean Levinson loves writing almost as much as he loves ranting about politics. Elite Daily lets him do both, and he couldn't be happier now that he's finally putting his years at SUNY New Paltz to good use. When he's not writing, Sean enjoys nature excursions, playing the guitar and the Ultimate Fighting Championship. Look for him on "Real Time with Bill Maher," where he regularly appears in his most precious fantasies.

More In World

World Sean Levinson

Men In Pakistan Make Curry Using Over 100 Dead Bodies They Dug Up

Pakistan has decided that 2014 is probably a good time to officially declare cannibalism a crime. The two proposed laws were inspired by brothers Mohammad Arif Ali, 35, and Mohammad Farman Ali, 30, who were found last April to have dug up over 100 dead bodies from a local graveyard to feast upon. Residents of […]

World John Haltiwanger

4 Reasons Why You Won’t Catch Ebola On The Subway

Ebola has now arrived in New York City, which has prompted fears about the potential of the disease to spread across the city. It’s understandable that this news would be frightening to people. After all, New York is the most populous city in the country, and Ebola is a foreign disease with no cure. Not […]

World Sean Levinson

High School Shooting In Washington Leaves Two Dead And Four Injured

A high school student fatally shot himself and one other student at a Washington school just north of Seattle this morning. Up to four others were injured, all of whom are students. Shots were reported to have been fired at Marysville-Pilchuck High School at around 10:45 am. The Seattle Times reports that the shooter, believed […]

World Sean Levinson

Cellist Eerily Plays A Duet With Her Own Brainwaves (Video)

Chicago Symphony Orchestra cellist Katinka Kleijn has composed a duet combining her cello with the sound her brainwaves make. She did this by way of an EPOC Neuroheadset, an electroencephalography (EEG) device containing 14 sensors that records the speed, volume and depth of her brain activity, the Chicago Reader reports. Sound engineer Ryan Ingebritsen and […]

World Emily Arata

You Can Now Buy A $2,000 UGG Rug That’s As Cozy As It Is Ridiculous

If you’re in the market for a new rug, look no further than UGG’s just-introduced home collection. The selection of luxury furnishings includes a $2,000 Classic Leather-Bound Rug made from “sumptuous” wool. In case the price doesn’t throw you off, the rug’s fine print mentions it can’t be exposed to sunlight or washed. Instead, this […]

Also On Elite

World

Why A Travel Ban Won’t Stop The Ebola Crisis From Spreading

As the country becomes more and more used to the idea of Ebola being in America, many have called for the President to enact a travel ban from the affected countries in Africa. He has refuted this idea and said repeatedly that a travel ban would be counterproductive to our efforts to stop the crisis. […]

World

This Video Perfectly Explains Why You Should Put Your Phone Down And Enjoy Life

Did you know the average person spends four years of his life looking down at his cell phone? That’s how activist/rapper Richard Williams, better known as Prince Ea, begins his public service announcement-slash-spoken word poem, “Can We Auto-Correct Humanity?” The piece is a powerful call to end what he calls the “digital insanity” that has […]

World

The Hot Mugshot Girl Finally Opens Up About Her Viral Photo (Video)

There are still a few months remaining before the end of 2014, but it’s already safe to say this past year will be remembered for one thing and one thing only. That’s right, 2014 will The Year of the Attractive Mugshot. Jeremy Meeks captured the attention of easily-aroused Internet users around the world when his […]

Life

To Millennial Employers: We’ll Work For You If You Work For Us

You are born, and in being born, you should also be free. In being free, you should have the choice to pursue happiness, however you define that. We Millennials are very fortunate to have been born when we were. Every generation can only be as great as the legacy of those before them. The post-Great Depression traditionalists […]

Life

Why I’ll Make Sure My Child Knows It’s Okay To Be Flawed

As the mother of a now almost 2-month-old, I can’t pretend to know everything about motherhood. The majority of my time is spent in a constant state of mildly debilitating panic, praying to the procreating gods that I don’t contribute to anything other than my child’s profound happiness. As of right now, that simply means […]