What You Can Expect To Make With Your Biz Degree

University of Michigan’s Ross School of Business

BRAND ALSO RESULTS IN MORE BONUS MONEY

Not surprisingly, employers also are more willing to provide bonus enticements to graduates of the most prestigious programs. Consider the College of New Jersey, which has an undergraduate business program that ranks among the top 50 in the U.S. and is a mere hour-and-a-half drive from New York City. Only 11% of its business graduates received sign-on bonuses this year. At Penn State University’s Smeal College of Business, nearly a four-hour drive from New York, fully half of this year’s graduates were given signing bonuses.

The bigger the brand, the more likely graduates were given incentives to take a job. At Wharton, 81% of the Class of 2016 landed a sign-on bonus averaging $10,493. At Michigan’s Ross School, 76% got the perk, averaging $8,940. At Georgetown, 70% received a sign-on bonus that averaged $8,423.

So you have to factor this perspective into the numbers. It doesn’t necessarily mean you’ll have a job that is less meaningful or challenging. It doesn’t mean that you would end up making more later on. But immediately after graduation, the pay you are offered will reflect the perceived value of the brand by employers. It’s a lesson Donald Trump learned early on in life.

Pay Rank & School Total Average Pay Average Salary Average Bonus % Getting Bonus
  1. UPenn (Wharton) $86,065 $77,566 $10,493 81%
  2. UC-Berkeley (Haas) $81,251 $74,654 $9,702 68%
  3. Carnegie Mellon (Tepper) $81,051 $75,696 $10,500 51%
  4. Michigan (Ross) $78,952 $72,164 $8,940 76%
  5. Virginia (McIntire) $78,157 $71,944 $9,004 69%
  6. New York (Stern) $78,052 $71,448 $9,571 69%
  7. Cornell (Dyson) $77,596 $70,552 $9,702 73%
  8. USC (Marshall) $74,746 $70,865 $9,702 40%
  9. Rutgers-New Brunswick $73,903 $61,218 $18,121 70%
10. Georgetown (McDonough) $73,867 $69,908 $8,423 47%
11. Washington (Olin) $71,509 $66,681 $7,428 65%
12. UNC (Kenan-Flagler) $70,458 $66,330 $8,391 49%
13. Emory (Goizueta) $70,138 $65,559 $8,176 56%
14. Notre Dame (Mendoza) $68,948 $61,200 $12,701 61%
15. Lehigh $68,881 $65,995 $6,341 46%
16. Texas-Austin (McCombs) $68,560 $64,354 $7,264 58%
17.  Northeastern (D’Amore-McKim) $67,418 $60,810 $10,325 64%
18. Wake Forest $67,072 $62,669 $6,571 67%
19. Indiana (Kelley) $66,379 $60,510 $8,760 67%
20. SMU (Cox) $66,020 $61,805 $9,162 46%
21. Illinois-Urbana-Champaign $63,820 $60,462 $5,741 59%
22. Richmond (Robins) $63,594 $60,952 $6,605 40%
23. Penn State (Smeal) $62,276 $59,243 $6,122 50%
24. Fordham (Gabelli) $61,953 $59,376 $5,857 44%
25. Texas Christian (Neeley) $61,382 $58,078 $7,510 44%
26. Drexel $61,214 $58,871 $5,857 40%
27. Maryland (Smith) $60,855 $58,512 $5,857 40%
28. Wisconsin $60,741 $58,741 $5,000 40%
29. Univ. of Washington (Foster) $60,696 $58,353 $5,857 40%
30. Texas A&M (Mays) $60,463 $57,177 $6,086 54%
31. Georgia (Terry) $59,310 $56,500 $6,109 46%
32. James Madison $59,080 $57,585 $4,672 32%
33. College of New Jersey $58,770 $58,000 $7,000 11%
34. Connecticut-Storrs $58,493 $57,453 $5,050 21%
35. Rutgers-Newark $58,407 $56,596 $7,872 23%
36. Babson $58,355 $56,012 $5,857 40%
37. Boston (Questrom) $58,309 $56,975 $7,492 18%
38. Michigan State (Broad) $58,150 $57,300 $5,000 17%
39. Brigham Young (Marriott) $58,051 $56,702 $3,853 35%
40. Minnesota (Carlson) $57,813 $56,080 $5,855 30%
41. Purdue (Krannert) $57,228 $55,276 $5,741 34%
42. Pittsburgh $55,833 $55,000 $5,626 15%
43. Ohio State (Fisher) $55,480 $53,641 $5,437 34%
44. Arizona State (Carey) $55,474 $53,975 $6,783 22%
45. Massachusetts (Isenberg) $54,414 $53,127 $4,557 35%
46. Arizona (Eller) $52,414 $50,143 $5,678 40%
47. Elon (Love) $52,109 $50,000 $5,700 37%
48. Denver (Daniels) $50,870 $49,776 $6,079 18%
49. Tennessee (Haslam) $49,722 $47,758 $4,911 40%
50. Missouri (Trulaske) $45.552 $44,729 $3,743 22%

Source: Poets&Quants analysis

DON’T MISS: RANKING THE TOP 50 UNDERGRADUATE BUSINESS SCHOOLS or ACCEPTANCE RATES AT THE TOP 50 UNDERGRADUATE BUSINESS PROGRAMS