Pay Up, Stress Levels Down for MBA Crowd
Monday, October 24, 2005
Things are looking up for MBAs. According to the latest study by the Wall Street Journal, “the job market is finally firing on all cylinders again” but people still ain’t partying like it’s 1999:
“Compensation is increasing, but you don’t see the big bonuses that really pushed up packages during the dot-com era; no one is talking about instant wealth like they used to,” says consultant Maury Hanigan. “Companies want to make sure salaries are competitive, but it’s not a bidding war.”
According to Gary Fraser, associate dean of student affairs at the NYU Stern School of Business, the most noticeable effect is that “the stress level of students has gone down dramatically.”
A Solid Recovery for MBAs [Wall Street Journal]
