On the heels of Bloomberg BusinessWeek’s MBA program rankings, a graduate from MIT’s Sloan Business School just signed on for a total first-year compensation package of $1.8 million at an unnamed real estate company. Yep. $1,825,000 in salary, bonus, stock, and benefits. A Columbia Business School graduate is reporting a $1,000,000 bonus at a consulting firm. Giancarlo Stanton signed a MLB-record $325 million dollar contract. 2014 is, apparently, the year to make an absolute killing.
To put this in perspective, last year, the top reported salary for MBA grads was $375,000 a year, although a Stanford grad signed on for a $300,000+ bonus. In fact, the previous highest compensation on record was a Wharton grad in 2004 who pulled in $680,000. None of these numbers come close to the $1,825,000 reported haul of 2014, though.
As you struggle to pay rent with your $40k and dental, you might want to dust off the old GMAT books and get your letters of recommendation in order. Or, you know, have a dad who owns a real estate empire.
[via Poets and Quants]