Is an MBA your ticket to the top?
Not necessarily, according to a Business Week article.
BusinessWeek research has found that fewer than one out of three executives who reach those lofty heights do so with the help of an MBA. And if you think a sheepskin from a top school is a necessity, think again. Only half of the executives with MBAs went to the top 10 schools in the 2004 BusinessWeek ranking.
The good news for MBA fans: If graduates do end up on top, the investment in time, effort, and lost wages will have been worth it. In all, the MBA-toting highly paid S&P 100 executives in our study earned on average nearly $8.4 million in 2004, including salary, bonus, stock, and stock options, while those without the degree pulled in $7.1 million, amounting to an MBA pay premium of about 19%. But much of that "value" appears to stem not so much from the merits of individual schools as from a complex interaction of factors, including carefully cultivated B-school brands.
Read the entire article here.
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