If you’re interested in going straight from college to bschool, one thing you should know is that you’re not likely to make the big bucks that your peers will when you graduate.
GMAC (the GMAT people) recently reported on starting salaries for graduates coming out of bschool, broken down by years of work experience they had under their belt before they entered the program.
- It’s easier to find a job when you graduate if you already have work experience. It even appears that the experience need not be in the same field; they didn’t break it down (data is probably not available for this) however EssaySnark’s guess is simply having ANY experience makes you more attractive to recruiters coming out of an MBA program
- You’ll make more money if you have more experience (same reason) — like, $30,000 to $40,000 more per year. That’s, uh, like a lot.
Given these facts, you might want to take a careful look at your reasons behind wanting to go get your MBA right now. If you’re doing it because you think you’ll make more money, then you may be in for a surprise. If you’re doing it because you’re having trouble getting a job now, well, the same problem might be lurking in waiting you after you graduate with the MBA, too.
A more in-depth report from the GMAC survey of 2011 grad job placement is available here, with some interesting charts and graphs. This covers all types of graduates, not just pre-experience ones, and is worth perusing.