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05-17-2022, 10:51 AM
(This post was last modified: 05-17-2022, 10:52 AM by smartdegree.)
I posted this on Reddit but thought you might find this interesting as well.
https://www.fuqua.duke.edu/documents/programs/wemba-survey-2021.pdf
This is an interesting long-term career survey from Duke Fuqua. I guess timing your degree is essential, as other batches did not have the same issue.
Also proof that an MBA guarantees nothing long-term. 37.5% of the class is not an insignificant number. Long-term, your career success depends on you, not your degree.
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I guess the two recessions during that time period didn't help.
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17% of them are retired so their income is $0. 8% are self employed so their salary could be very low or very high depending on what specifically they do. Considering the average salary at the time of enrollment was $119K and their salaries average $140K after completing the program, that's not much of an increase considering the cost of this degree. Now the average salary today at $230K is worth looking into. It's also important to note how old the people are and how many years they've been in their careers to get to $230K. If they're at the end of their career that's not super impressive. If they're midway then that is noteworthy. The salaries make sense given the top 5 locations program grads work after completing the program. None of those cities have a cheap cost of living. $230K doesn't go far in NYC or DC. I would love to see these stats compared to other grad programs.
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05-17-2022, 02:32 PM
(This post was last modified: 05-17-2022, 02:34 PM by Jonathan Whatley.)
10 or 20 years after an elite school, executive MBA – so for candidates already well established in careers at the time of admission – not only has retirement got to be common, but also semi-retirement and gliding down into less-stressful lifestyle jobs.
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I am a current student at Fuqua and I can assure you, this is not indicative of Fuqua. I know a lot of the current EMBA students and they are earning well into the six figure realm. Myself and others in the MSQM are making in the six figure realm as well.
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No one said the EMBA's weren't earning 6 figures. These stats are from Fuqua. They are the ones who created the brochure linked above.
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05-19-2022, 09:23 PM
(This post was last modified: 05-19-2022, 09:32 PM by smartdegree.)
(05-19-2022, 06:30 PM)ThatBankDude Wrote: I am a current student at Fuqua and I can assure you, this is not indicative of Fuqua. I know a lot of the current EMBA students and they are earning well into the six figure realm. Myself and others in the MSQM are making in the six figure realm as well.
Not sure what you mean by "not indicative of Fuqua" --- the report is from Fuqua itself. My key takeaways from the report are that (1) graduating during a recession impacts long-term careers and (2) an elite MBA guarantees nothing, it's still up to the individual (and plenty of luck).
If you mean that the average EMBA grad from Fuqua earns over six figures, I don't think there is any disagreement there as that statement can co-exist with 37.5% earning below 100K after 10-20 years.
I know someone who graduated from Rice's full-time MBA back in 2010 and he's working a contract analyst job right now making 50K after he was laid off a couple of years ago. That doesn't mean Rice's MBA sucks as the majority of the class still earn six figures. But it also doesn't mean Rice's MBA guarantees anything. Careers go up and down - it isn't a straight linear path upwards.
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I know where the report came from, I have read it and discussed it with classmates.
Many folks do not read the articles posted and will think that it is an issue with Fuqua. I followed the Reddit thread and there were several folks who stated such. We all know careers go up and down and some are fortunate to retire. All I was getting at is, Most folks do well earnings wise after Fuqua.
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Bachelor of Science (B.S.) in Biology (2015)
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(05-19-2022, 10:45 PM)ThatBankDude Wrote: I know where the report came from, I have read it and discussed it with classmates.
Many folks do not read the articles posted and will think that it is an issue with Fuqua. I followed the Reddit thread and there were several folks who stated such. We all know careers go up and down and some are fortunate to retire. All I was getting at is, Most folks do well earnings wise after Fuqua.
Apparently 62.5% earn 6 figures which would be most. This was also specifically about grads from 2001-2010 not recent grads.
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