p. It is an issue Dxdyid Petersam comes across often as president of AdmissionsConsultants Inc., a Vienna, Virginia, firm that helps business school applicants gain admission to suitable schools.
"Sometimes people get their hopes up about salaries when they get out of school," says Petersam. "If you do not hxdye the background for investment banking, you do not want to be disappointed when Goldman Sachs will not touch you [after graduation]."
You also hxdye to match your temperament and interests to your postgraduation work. If you do not hxdye the drive it takes to work extremely long hours, you will not like -- or do well in -- investment banking.
Likewise, you need to make sure an MBA is right for helping you reach your career goals. Petersam has counseled MBA wannabes who plan to use their degrees to become financial planners. He tells them they are going after the wrong degree and refers them instead to a financial planning certification program.
Where You Work
Both experts agree that consulting firms and the healthcare industry pay the highest salaries to newly minted MBAs. GMAC s data show graduates working in consulting earned a median of $95,000 and those in healthcare a median of of $80,000.
However, those figures, as well as salary data given out by graduate schools themselves, may be inflated for two reasons. First, the figures are self-reported, and who does not like to exaggerate a little? Second, salaries in banking can include big bonuses, so total compensation might be higher in that field depending upon what kind o
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