It was bound to happen someday. And for at least one MBA in the Class of 2012 it finally did. The graduating student landed a job with a starting base salary that broke the million-dollar barrier.
What is even more surprising is that it didn’t happen at a Harvard or Stanford or Wharton. Manchester Business School in Britain is reporting that one of its graduates from the Class of 2012 got a job in financial services for the largest reported starting salary in history for a freshly minted MBA: $1,088,638.
That’s more than nine times the $120,000 median starting salary of a Harvard MBA this year. And the million-dollar jackpot merely represents base salary, not a lot of the other goodies that are often dangled in front of the best and brightest MBAs: signing bonus, stock options, guaranteed year-end bonuses, or tuition reimbursements...
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