How many Harvard graduates work at Google
Tuition fees and subsequent salary: return on investment
Some have already sold their apartments to study at Harvard. Even with one or more scholarships à la Fulbright & Co, donations from generous relatives and the sale of the car they have cherished, it is usually not enough. Studying at one of the world's most internationally renowned universities costs the proverbial avalanche - excluding the cost of living. An MBA (Master of Business Administration) course at Harvard Business School in the USA costs 112,000 US dollars (84,800 euros) - an MBA at Columbia Business School in New York is even more expensive, where you pay 115,000 US dollars the table.
Nevertheless, the following still applies to these training paths: What one is willing to invest or invested pays for itself within the first few years in the job. Unless you're doing the wrong thing - usually - always. This is not only confirmed by Deutsche Bank's analysis of "Mapping the World's Prices" (see graphic on the right), which compares tuition fees, salaries and living costs. A Harvard graduate earned an average of 113,000 US dollars in 2011. A little more than him or she invested in the entire elite program. Within (mostly) two years that such an exclusive program lasts, you will not only receive an excellent education, you will be part of an extremely efficient and highly professionally managed network - and most of the people cite this as the main argument "for it".
Some of the tuition fees for top European MBA programs are comparatively inexpensive: at the Mannheim Business School in Germany - the only German university with a triple-crown accreditation - the MBA is available for a good 44,000 US dollars, the salaries , which are offered to their graduates per year on average after their training, are in no way inferior to those of Harvard or London Business School graduates with 112,000 US dollars.
An MBA is now an integral part of an international top management career. And it's not just the degree that counts, but even more where you did it. For potential employers, the listings of the management forge, such as the annual "Global MBA Ranking" by the Financial Times (FT), are definitely assessment bases within the framework of an admission procedure. As in previous years, the current FT ranking (2012) is dominated by US business schools: Of the 100 MBA programs listed, 53 of the best are from the USA, followed by Great Britain with 14 MBA programs. The top three are Stanford (1), Harvard (2) and Wharton (3), followed by London Business School and Columbia (5). The French management team Insead, with an offshoot in Singapore, has dropped from fourth place (2011) to sixth place (2012). MIT Sloan took seventh place, eighth and ninth place went to the Spanish business schools IE and Iese. The Hong Kong University Of Science And Technology Business School is in tenth place in the FT ranking. In any case, China is catching up quickly in terms of MBA programs: in 2011 two programs made the FT ranking, in 2012 there are already five programs from the Middle Kingdom.
But program costs and average salaries are not really meaningful, and cost of living is not taken into account. The analysis by Deutsche Bank reveals some of the additional costs in the respective countries - if you want to live and work there - or which are added or removed. The tuition fees for MBAs and the average salary offers for graduates are compared with costs such as taxi fees, office rent, the price of a beer or movie tickets. In some comparative data, interesting country-specific aspects became visible: For example, Singapore is a comparatively expensive place for fans of the automobile. Compared to the USA, in Singapore you pay more than three times as much for a Mercedes SLK 350, which you will probably be able to earn relatively quickly and easily after studying this type of study. And beer is twice as expensive there as it is in the United States. For this, MBA programs and cinema tickets are cheaper. In any case, according to a Deutsche Bank analysis, a date in New Delhi seems to be the cheapest - in Sydney the most expensive. (Gudrun Ostermann, KarrierenStandards, October 24, 2012)
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