What's the difference between attending one of the country's top MBA programs and one of their lesser peers? About $1 million in salary over a graduate's 20-year career.
Bloomberg Businessweek reports that grads from MBA programs like Harvard, Wharton and Stanford command the highest salaries and end up making more in base pay and bonuses over their careers.
Executive compensation expert Ken Hugessen isn't shocked at the disparity in MBA earnings. "The differences in salary at the beginning are hugely predictive of the 20-year accumulation," he says. "If you're at a top school, you must be pretty smart to get in. You're a stronger breed of cat from day one. That will follow you throughout your career."
Here are Bloomberg's stats on Vanderbilt University's Owen Graduate School of Management.
The Tennessee Board of Regents is considering the largest tuition hike in six years. WPLN reports that the TBR Finance Committee met yesterday to consider a nearly 9 percent tuition increase at Austin Peay and Tennessee State and a bump of nearly 10 percent at Middle Tennessee State University and Tennessee Tech.
The discussion comes as stimulus funds for the 45-school TBR system run out. For students, the increase would amount to about $200 in additional tuition each semester.
Lipscomb University is launching new bachelor's and master's degree programs in information security via its Department of Computing and Information Technology.
The Bachelor of Science degree is designed to train undergraduate students for entry-level information security jobs. The Master of Science is designed for information technology professionals interested in pursuing high-level technology positions such as chief information officers and chief information security officers. Both programs are accepting applications for the fall.
“The demand for trained security professionals, who can protect a company from high-profile data losses and secure an organization’s information assets, is huge and growing with entry-level salaries at a very attractive level. But the supply coming out of universities is small, said Don Geddes, chair of Lipscomb’s CIT department. "Companies are in desperate need of information security experts."
Nissan Americas has given an $40,000 grant to Lipscomb University's Raymond B. Jones College of Engineering to support summer engineering and robotics camps. More than 100 students will be attending the camps this summer, and the contribution supports scholarships for participation and underwrites program costs.
The state has awarded $6.5 million to Columbia State Community College to go toward the purchase of property for a new campus in Williamson County. The Williamson Herald reports today that the two-year school is looking at several pieces of property, including a location on Liberty Pike in Cool Springs.
The school has outgrown its current Franklin campus in the former Williamson County Vocational School building next to Franklin High. CSCC's other locations are in Columbia, Lawrenceburg, Lewisburg and Clifton.
Fisk University and the College of Engineering at the University of Tennessee-Knoxville have signed an agreement to offer their students a dual-degree program. Under the terms of the deal, math and science majors at Fisk will transfer to UT after three years and then spend two years taking engineering courses.
“At Fisk, 26 percent of our students major in life and physical science, computer sciences, and mathematics,” O’Leary said. “The Fisk/University of Tennessee dual-degree program will offer more options for our talented students to earn multi-disciplinary degrees and become professional leaders.”
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