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what's the average salary for a MBA holder/ Is my sister's MBA worthless at this age?

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  • Dec 5th, 2008 3:55 pm
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Jun 6, 2007
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Toronto

what's the average salary for a MBA holder/ Is my sister's MBA worthless at this age?

My younger sis who is 22 just finished her MBA. she is turning 23 in august. i want to know what level of job she should be aiming for and what salary range.
I know, like many on here will agree with, that 22 is quite young to be carring an MBA particularly as she would have the disadvantage of many employers thinking she has no experience but it is what it is.

Can anyone offer any advice on what to do? what salary range/ kind of job should she strive for? what level kind of job should she accept just to overcome the no-experience disadvantage?

any advice/opinion is welcomed.
if it helps, she has her Bachelors degree in Accounting and her Masters in MBA.

Or should she take a year off on vacation? :D


thanks

olddog
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Mar 31, 2005
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I'm amazed that at 22 she was able to gather the required (in most cases) experience that you need before even applying to the MBA program. Most places require a minimum of 3 years.

Unfortunately without the previous experience, most employers that I know wouldn't hire an MBA as they are worried that the person will want a higher salary, or will feel over-qualified due to the degree and not their actual work history.

At this point, she would be like any university graduate, where she needs to get a job and use that to launch into something else. I'd say her degree is not useless, but by itself it's a very hard sell nowadays.

Currently I work as a manager in a Big-4 accounting firm and have a lot of co-workers who have the same education as your sister. Although a vacation may be nice after so much school, taking a whole year off would be a huge mistake since her degree will become less effective the more time goes by. Take a month off, figure out what direction you want to go in and then aggressively start pursuing work. Take the off time to build her contacts as it's always who you know and not what you know.
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Mar 16, 2004
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olddog wrote:
Jul 11th, 2008 5:49 pm
Can anyone offer any advice on what to do? what salary range/ kind of job should she strive for? what level kind of job should she accept just to overcome the no-experience disadvantage?
Or should she take a year off on vacation? :D

Since she did accounting in undergrad, is that that she's pursuing now or has she changed fields?

Anyway, 22's young as TotallyKiller has pointed out. It's going to be a hard sell. But tell her to not give up but at the same time don't have huge expectations. MBA without experience = newly graduated BBA or BComm.

Her salary expectation should be in the entry level range of around 42 - 48k, depending on industry as she has no experience to sell.

Don't take a year off. It'll only work to her disadvantage.

And I should know...I got my MBA at 24. It was tough...
Then [2008] -- How I found employment in Germany remotely from Canada directly upon graduation
Now [2011] -- How I relocated to Switzerland for work from Germany
Future [2014] -- Cycle postponed. Next round coming in 2016!
Jr. Member
Jul 31, 2007
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Scarborough
i'm almost 24
but i got no MBA

a new grad and just find a job
it makes me feel bad now
:(
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Jan 30, 2007
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Obviously this person is super book smart and hardworking. We can understand that. Bottom line is that there are an equally large number of older, more mature, and well rounded people willing to do whatever she can and more for cheap. So to answer your question - I'd say 48K.

Book smarts don't count for very much at all right now. People with experience are out of work.
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Oct 20, 2001
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Does experience really matter for finance-type MBA jobs? I can see it important if the MBA grad wants to go into a manager position or management consulting, but if it's just number crunching then I don't see how pre-MBA is necessarily important. Maturity matters, of course, but that's often orthogonal from work experience.
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Jul 31, 2007
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Scarborough
PMP or MBA
what do you guys think?

I'm thinking going toward the PMP path
but i know MBA is probably more important
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Jan 24, 2006
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XBeta wrote:
Jul 12th, 2008 12:51 am
PMP or MBA
what do you guys think?

I'm thinking going toward the PMP path
but i know MBA is probably more important
why dont you do a MBA and then work towards your PMP in the later future.

i believe you need around 5 years project management experience before you can get your PMP so it wont be until later on.

a MBA will help you get into project management and then a PMP
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Jan 24, 2006
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how did she get the MBA at 22??? that is pretty early, i would like to konw what school too

i thought candidates have to have at least 2 years of relavent work experience before entering a MBA school
Jr. Member
Jul 31, 2007
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Scarborough
jayslay wrote:
Jul 12th, 2008 11:55 am
how did she get the MBA at 22??? that is pretty early, i would like to konw what school too

i thought candidates have to have at least 2 years of relavent work experience before entering a MBA school
same here

i still dont have that 2 yrs experience.. so i wonder if i should do MBA from there
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Apr 25, 2008
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That's pretty amazing!
I'm 25, starting my MBA full-time this fall and I'm one of the youngest in my class.

The advice by the previous posters seem sound - get an entry-level position without expecting the salary.. if she went through a MBA at 22 then she probably has the fortitude to work her way up fairly quickly regardless of age.
--
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Jun 4, 2006
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Why does everyone think its so difficult? She most likely took 2 paths.

One - Went to UWO, went on to Ivey, took the matriculation option right into 1 year MBA. Boom done now, with an HBA and MBA.

I doubt the above is possible though since she would have plenty of job offers before she was done, if she went to Ivey.

Two - Studied business at a decent school, had weak job search/social skills, and B+ to A- average, so couldn't get a CA job. Went back to a Tier 2 MBA right away at WLU/Degroote/etc.

Again though WLU mba is tier 2, most of the class has offers before they are done. Has she ever sent out resumes/interviewed?

Maybe a PhD in Finance/Accounting should be next and she should become a lifetime academic.
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Feb 16, 2004
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XBeta wrote:
Jul 11th, 2008 7:13 pm
i'm almost 24
but i got no MBA

a new grad and just find a job
it makes me feel bad now
:(
seriously!! I got out of school with an engineering degree when I was 24-25 because of co-op, OAC and an extra term for business courses and to bump up the avg....and now the average kid is like 22 years old with their masters... :(
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Jun 4, 2006
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I think I was being more realistic than negative. Your right, maybe I jumped the gun and made conclusions, maybe when the OP returns we can understand the situation more clearly.

As to my point about being a lifetime academic, maybe you saw that as an insult. But there is plenty of very smart people who add value in academia both in the fields of accounting and finance. So why should the said person not consider that path?
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