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"However, it neglects to consider the ceiling of income." Are you sure? The author writes: "We’ll assume the salary in a traditional post-MBA job grows at a 12
by ndonnellan 10y ago
"However, it neglects to consider the ceiling of income."
Are you sure? The author writes: "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. "
So if it's based on survey results (presumably averages or medians), then yes, it takes that into account.