MBAs Salary: Poet and Quant Comparison

Are you considering pursuing an MBA but are unsure about which field to specialize in? The decision can have a significant impact on your future earnings potential. In this article, we will compare the salaries of MBAs in two very different fields: poetry and quantitative finance. While these may seem like polar opposites, both paths have their unique advantages and can lead to successful and fulfilling careers.

Salary Comparison: Poet

Poetry is often seen as a passion-driven field rather than a lucrative one. Poets typically earn money through book sales, performances, teaching gigs, and grants. According to the Bureau of Labor Statistics, the median annual wage for writers and authors, which includes poets, is around $63,200 as of May 2020. However, it's essential to note that poetry is not just about financial gain but also about artistic expression and cultural impact.

Salary Comparison: Quantitative Finance

On the other end of the spectrum lies quantitative finance, a field that involves the application of mathematical models and statistical techniques to financial markets. MBAs in quantitative finance often work as financial analysts, risk managers, or investment bankers. According to PayScale, the average base salary for an MBA in finance is around $97,000 per year, but it can go much higher with bonuses and commissions.

The Bottom Line

While the salary potential in quantitative finance may seem more attractive, it's essential to consider other factors when choosing your MBA specialization. Do you have a passion for numbers and analysis, or does your heart lie in literature and creative writing? Ultimately, your career satisfaction will depend on how well your job aligns with your interests and values.

Wrapping Up

In conclusion, the choice between pursuing an MBA in poetry or quantitative finance ultimately comes down to your personal preferences and career goals. While the salary prospects in quantitative finance may be higher, a career in poetry can also be rewarding in its own right. Consider what drives you and where your strengths lie before making a decision. Both paths have the potential for success; it's just a matter of finding the right fit for you.