The economic returns to an MBA

• 成果类型: Article
• 署名作者: Arcidiacono, Peter; Cooley, Jane; Hussey, Andrew
• 署名单位: Duke University; University of Wisconsin System; University of Wisconsin Madison; University of Memphis
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/j.1468-2354.2008.00500.x
• 发表日期: 2008
• 页码: 873-899
• 关键词: college quality; earnings; education; PROGRAMS; ability; sample; GENDER; CHOICE

摘要

Because MBA programs require work experience before admittance, prior wages can be exploited to disentangle the return to the degree from unobserved productivity We find that controlling for individual fixed effects generally reduces the estimated returns to an MBA, particularly for those in top programs. However, for full-time MBA students attending schools outside of the top-25 the estimated returns are higher when we control for individual fixed effects. We show that there is some evidence that those who take the GMAT but do not obtain an MBA are stronger in dimensions such as workplace skills that are not easily measured.