EARN YOUR MBA
IN CALIFORNIA By J. Todd Rhoad
The MBA market in the United States easily surpasses over 100,000 graduates per year (as estimated by the Graduate Management Admission Council). The MBA degree accounts for about two-thirds of all graduate business degrees conferred in the United States. But, of all of the MBA professionals in the country, nearly 13% are in the state of California.
still better than the national trend of MBA working professionals in the US. What makes California such a hot spot for the MBA?
California has one of the largest economies in the world, estimated around $1.75 Trillion. Someone has to manage, direct and grow all of this money and there’s no one better than a local Californian- grown MBA. Of course, being one of the world’s technology meccas, California’s companies are always in a state of change, transforming themselves to the ever-changing needs of the world market. California’s high tech companies grow through innovation. This requires a constant flow of new ideas and solutions to meet the
existing customer demand and create the next demand. According to the USC Marshall School of Business, most of their MBAs stay right at home in California after graduation. About 77% of their graduates find employment in Consulting and Technology. There’s no need to go anywhere else.
Some of the top MBA employers in California include a lot of company names you’ll be very familiar with, such as Google, Apple, Facebook, Walt Disney, Oracle, Hewlett Packard, Cisco Systems and IDEO.
These companies typically pay well but salaries between the highest paid MBA and the lowest paid MBA can vary by 41%, according to Education News. Graduates from Stanford have a median salary of $125,000, while USC Marshall posts $120,000 for consulting and $101,000 for technology jobs.
Now, let’s consider how California supports these high tech companies with an endless stream of business leaders by looking at some of the universities that call California home. In the Financial Times’ 2012
This is a slight decline of about 1% compared to previous years but this is
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