What's an MBA worth?
Not as much as business schools' hype suggest, says researchers at Stanford University, according to this story from the San Francisco Chronicle. Stanford researchers Jeffrey Pfeffer and Christina Fong "contend that America's business schools aren't effective in preparing students for the real world of business," says the Chronicle. On the other hand, MBA graduates have an average starting salary of $77,000, which is roughly $27,000 per year more than when they started pursuing a business degree, says Dave Wilson, president of the Graduate Management Admission Council.