The highest paid MBAs in the country
On Monday McGill circulated some of the results in Canadian Business magazine's MBA guide. According to the rankings, graduates of McGill's Desautels School of Management have the highest starting salary of any business school in the country, at an average of $103, 000 a year. While this sort of thing is going to be a point of pride for any business school, scoring high on post-graduate salary is bound to be big for McGill's efforts to promote and maintain the massive MBA tuition increase that went into effect this year.
The Quebec government sets tuition fees in the province directly and they're the same across the board, $68.93 per credit. No matter what the level of study, or the program.
McGill's decision to dramatically increase tuition fees for their MBA program this year, students went from paying just over $3,000 to just under $30,000, was the first move in what will certainly be a long, drawn out battle. The current, Quebec Liberal, government has criticized the move but stopped short of doing anything about it. But these rankings show why McGill picked the MBA program for their first foray into unregulated tuition increases, and point to the reasons why the government hasn't acted. McGill has always argued that the MBA program is different, the students who enter the program are already in the workforce and they see it as an investment in their future, one with a high return. Quite simply, it's hard for students or the general public to get upset that people who already make more than the average Quebecker are paying a lot to make even more.
Read full article: , November 4, 2010