Talk about a return on investment. A graduate of the MBA program at the Sloan school at the Massachusetts Institute of Technology will earn $1.8 million in total compensation in the first year out of school, according to a post on the business education website Poets & Quants, which pulled the number from Bloomberg BusinessWeek's annual B-school rankings.
A spokesman for Sloan told the website that the figure could be accurate, but would not fully confirm it.
"It's $1,825,000, about 11 times the highest reported $165,000 base salary at Sloan last year," said Poets & Quants. "And it's not even at a hedge fund or private equity firm, these days the organizations that offer the most lucrative MBA jobs in the market. It is for an unnamed real estate company. If the self-reported number is true, it would in all likelihood be the highest first-year comp for an MBA graduate ever. The number was supplied by a graduating MBA who completed the (Bloomberg BusinessWeek) magazine's ranking survey."
The student was not identified.
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