MBA salary information to assess the quality of an MBA program and therefore cannot control for differences individual fixed effects. An important contribution of our paper, therefore, is applying individual-level data on student characteristics and pre- and post-MBA wages to estimate the returns to an MBA, which allows for a more careful treatment of selection first into attending business school and second into programs of varying types and qualities. Other studies that benefit from data on individual outcomes from attending business school have focused on a substantively different question, explaining the gender wage gap, rather than estimating the return to an MBA for various types of MBA.
