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by beachgeek
5247 days ago
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Yes and no. Some engineers make ~200K to 300K, just for hacking code or selling it. Yes its true :-) Some MBAs make ~140K out of school. EG McKinsey is known to make you work your tail off for very little $ comparatively speaking. But thats a golden stamp: 4 years out of McKinsey and you could be a SVP at some dumbass BigCo in Silicon Valley making ~500K. Why the hell would you want to give it up and join/form a startup? |
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And, as others have noted, the starting salaries are highly variable -- by school, by industry, and especially by job function. When people speak of "average" MBA salaries, they're usually speaking of a mean figure and not a median -- which is a bit silly, because the mean has traditionally been skewed very heavily by investment bankers.
At the end of the day, it's somewhat intellectually lazy to compare "MBAs" to "Engineers," as if both sets are relatively homogenous, or even normally distributed. The fact is, the designation "MBA" could mean so many different things. It could mean a nonprofit manager earning $65k, a brand manager earning $80k, a consultant earning $120k, or a private equity associate earning $200k+. To a certain extent, the same can be said of the broad category "Engineer" -- although there are so many subspecies of "Engineering" masters degrees, that selecting any one of them can yield a more homogenous set to work with.
In the long run, one thing seems abundantly clear: there are perhaps more MBAs entering the job market each year than the job market will actually bear. Conversely, there is a dearth of engineering talent, and a consequent seller's market in most engineering fields. That means engineering salaries will likely trend higher, while MBA salaries trend lower.