MBA unnecessary.
NY Times article. $335k is the median income for 1-4 years experience who work on $1-3 billion funds.
Mr. Hammond of the Alerian hedge fund recently hired someone from Carnegie Mellon’s business school because of that person’s engineering talent, not the skills he learned in business school.
….
Some young people are pursuing alternatives that can be completed without leaving their jobs. Some take the certified financial adviser tests or study part-time at night at schools like N.Y.U. that offer master’s degrees in subjects like financial engineering.
*EDIT*
on September 17th, 2007 at 6:14 am
the article speaks as if the majority of bank employees make 200k+ per year. remember, these banks have like 20k employees worldwide, take out the top 20% of the earners at the bank and your avg salary is probably something like 50-60k. Very interesting article and eye opening nonetheless. Any undergrad that read this is probably gonna go for it. Trending away from MBAs is also trend for VC associates.