Which MBAs Make More: Consultants or Small-Business Owners?
JUNE 28, 2016
Owners of small businesses can set their own hours, make their own management decisions, and take pride in the ownership of their work. We’ll assume the salary in a traditional post-MBA job grows at a 12% compound annual growth rate (CAGR) so that it more than triples in the first 10 years, which is in line with post-MBA salary surveys we’ve done here at the Harvard Business School. We’ll also assume the entrepreneur acquired a $1.5 HBR STAFF.