As part of their Salary survey, the National Association of Colleges and Employers recently analyzed which master’s degrees created the largest increase in earnings for graduates, known as the differential. They found that in 2021, a master’s degree in biology creates the biggest differential, with graduates earning about 86.5% more after graduating from graduate school.
An MBA, however, earns 51% more than a simple undergraduate degree in business. So, a person earning a starting salary of $ 54,392 at the undergraduate level would increase their earnings to $ 82,372 with an MBA.
In contrast, NACE found that a master’s degree in social work resulted in an average 36.7% increase in earnings.
“If someone gets a master’s degree just for potential purposes, I would look at that particular career path to understand if the payoff is there,” says Shawn VanDerziel, executive director of NACE. “And to understand if the differential and the starting salary are worth it.”
The library on the IIM-Ahmedabad campus. Courtesy photo
IIM-A’s PGPX 2021 placements attract the highest flat rate of Rs 82 lakh per year
Despite the Covid-19 pandemic, the final internships of the Indian Institute of Management-Ahmedabad’s one-year MBA program for executives attracted the largest national package of Rs 82 lakh per year (lpa). This is a little higher than the highest figure from last year.
One lakh is worth 100,000 rupees, or about US $ 1,347 at current exchange rates. Eighty-two lakh is about US $ 110,000.
Known as the Full-Time Graduate Program in Executive Management (PGPX) at IIM-A, the final placement process for the fifteenth batch of the program saw the national maximum earning potential (MEP) on highest offered at Rs 82 lakh, up slightly from Rs 81 lakh last year, according to School B’s audited placement report.
The MEP is the sum of the total guaranteed cash component, the maximum possible variable remuneration and all other components of the salary that are part of the offer, which may also include long-term remuneration such as FP, tips and others. advantages. Compared to the highest national MEP of Rs 81 lakh, the average national MEP for IIM-A’s PGPX placements was Rs 30 lpa, up from Rs 33.3 lpa last year.
However, unlike 2019, when the program drew the highest international MEP of $ 109,666, no international offers were made in 2020 or 2021.
Announcement of the Whitman Challenge, an experiential learning opportunity for online MBA students
Students learn best when they are able to apply their education directly to real-life projects and experiences. To strengthen the school’s commitment to experiential learning, the Whitman School of Management at Syracuse University is creating the Whitman Challenge, which will be offered regularly as part of the online MBA residency programs of the ‘school.
In the challenge, online MBA students participate in three residencies of their choice during their program, often opting for specific experiences or sessions on hot topics to enhance their careers and specific skills.
Students are faced with a practical and current business problem facing a business or organization. Students work with this company during the three-day residency period to better understand, analyze, and develop an action plan to resolve the problem they are facing. This helps students hone their creative problem-solving skills, deepen their analytical skills, and sharpen their counseling skills. It also exposes students to current issues in industries and contexts different from their current employment situation.
Learn more by clicking here.
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