An MBA can be a remarkable salary booster—but does a business school student’s race also influence the amount of money he or she will earn post-graduation? Perhaps, new research suggests. Bloomberg Businessweek surveyed alumni of MBA programs in conjunction with its annual (formerly bi-annual) business school rankings to determine possible discrepancies in MBA pay. The findings indicate that underrepresented minorities—Hispanic, black, and American Indian students—earned an average salary of $150K right after graduating, while Asian and white graduates made an average of $172K.
The gap was most notable at such schools as Harvard Business School, where underrepresented minorities earned $97,800 less than their peers six to eight years after graduation, and Columbia Business School, where the difference was $80,400.