It’s not a stretch to say that the more prestigious the business school you attend, the higher your starting post-graduation salary will tend to be. The more prestigious your MBA program is, the more options you will tend to have in the job hunt, and the higher potential employers will be willing to go to hire you. The more options you have and the more marketable you are, the more you’re probably going to make when you come right out of business school.
But, believe it or not, the correlation is actually very strong when comparing average GMAT scores and average starting salaries at top business schools! So, strong, in fact, that the relationship can neatly be summed up by this formula:
325 x GMAT Score – $123,000 = Starting Salary
This is just an approximation, of course, but it works surprisingly well at giving you an idea of what starting salary you might have in store for you when you graduate with your MBA, given a certain GMAT score.
To see more about this strong correlation, take a look at the newest infographic that we put together.
(Click on the infographic below to enlarge it.)
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Of course, this demonstrates a correlation, but that’s not the same as proving causation. Your future salary will be determined by your own choices, including which MBA program you attend and what job you take immediately after graduation. If you’re a good fit for your company, you should be able to negotiate a salary that both parties can be happy with.
By Scott Shrum