Authors libby rittenberg 709
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schools…are related to either salary or the attainment of higher level
positions in organizations.”
Of course, these studies only include financial aspects of the investment
and did not cover any psychic benefits that MBA recipients may incur from
more interesting work or prestige.
School
Net present value,
first 7 years of work
School
Net present value,
first 7 years of
work
Harvard
$148,378
Virginia
$30,046
Chicago
106,847
Dartmouth
22,509
Stanford
97,462
Michigan
21,502
MIT
85,736
CarnegieMellon
18,679
Yale
83,775
Texas
17,459
Wharton
59,486
Rochester
UCLA
55,088
Indiana
−3,315
Berkeley
54,101
NYU
−3,749
Northwestern
53,562
South
Carolina
−4,565
Cornell
30,874
Duke
−17,631
−307
Sources: “The MBA Cost-Benefit Analysis,” The Economist, August 6 1994,
p. 58. Table reprinted with permission. Further reproduction prohibited.
(We need to obtain permission to use this table again.) Jeffrey Pfeffer and
Christina T. Fong, “The End of Business Schools? Less Success Than Meets
Attributed to Libby Rittenberg and Timothy Tregarthen
Saylor URL: />
Saylor.org
709
