f year you hxdye, Petersam says.
In Perspective
According to GMAC s 2004 Global MBA Graduate Survey, typical MBA grads "expect a 35 percent increase from their pre-MBA salary (to $76,000 from $56,000)."
And the results of GMAC s Corporate Recruiters Survey 2004-05 show that most MBA graduates can expect to earn "a salary premium of 28 percent [more than] graduates from other graduate programs and 71 percent [more than] new hires from undergraduate programs."
Full-Time vs. Part-Time
Will your choice of programs make a significant difference in your post-MBA salary? Part-time students tend to enjoy a lower percentage increase in their salaries, possibly because part-time students typically hxdye higher salaries to begin with.
While money is important, there is more than one way to judge the cost and benefit of pursuing an MBA, says Jeff Blum, founder of MBA Depot, an online networking site for MBA alums.
"For someone who wants to start his own business, the return is going to be different than someone who wants to go to a top-tier consulting firm," says Blum. "If you want to work on Wall Street, you do not want to go to a second-tier school, because those top employers are not going to interview on your campus."
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