Not as Gaudy, But Content Nonetheless

Having been out of the job market for a while, I view a story like this with astonishment:

Stanford MBAs now make a median $175,000 salary after graduation.

The median compensation amount includes a median $175,000 in base salary for 218 graduates who received full-time job offers and disclosed their compensation. In addition, 65% of those students expect a median of $45,000 in annual performance bonuses and 47% of those students had a median $30,000 signing bonus.

The starting salary is ten times what I made on my first job back in the 1970's. On the other hand, in that decade I was able to buy a new sedan for $4,000 and a 3 BR home in the East Bay for $45,000. That same home goes today for 25x its original price, and no, I didn't hold on to it.

On balance I was lucky to have come up when I did.

At the 40th reunion of the Stanford MBA Class of 1975