NPR logo The Harvard Premium: $1.4 Million

The Harvard Premium: $1.4 Million

Sure, people who get Harvard MBAs make a lot of money.

What's striking is how much more money they make than people who get MBAs from other fancy business schools.

In the 20 years after they graduate, Harvard MBAs make $3.9 million on average, according to an analysis by Businessweek.

Grads from the University of Pennsylvania's Wharton school, second on the list, average $3.5 million over 20 years; for Columbia MBAs, the figure is $3.3 million.

The average 20-year pay for grads of the top 45 business schools is $2.5 million.

The scale of the figures is a reminder that most MBAs don't wind up making millions of dollars a year on Wall Street.

The numbers include salary and bonus, but not compensation that comes as stock. The figures are based on a database of 23,000 MBA grads that includes salary information on people who have recently graduated and on those who are 5, 10, 15 and 20 years out.