05/24/2010 06:11 pm ET | Updated May 25, 2011

Harvard MBA Grads Make Most Money: Report

According to a new report from BusinessWeek and PayScale, Harvard Business School gives grads the most bang for their buck (and those are big bucks: Harvard is one of the most expensive B-schools in the country).

BusinessWeek has the numbers:

On average, MBAs from the top 45 B-schools will make around $2.5 million in base pay and bonuses over the course of a 20-year career. But there are great differences between the total compensation of the schools at the top of the list compared with those closer to the bottom, especially as MBAs move deeper into their careers. An MBA grad from Harvard, for instance, will earn nearly $4 million over the span of two decades. A grad from the University of Iowa's Tippie College of Business will earn less than half that. Newly minted MBAs at some top programs, such as Yale, earn high starting salaries but experience only a minimal increase over time. At other schools, such as the University of Connecticut, MBA grads more than double their salaries over the 20-year period.

The report's lower-ranking schools included the University of Michigan, Yale, MIT and Dartmouth, the grads of which see an average 46 percent increase in pay during their careers.

For the full report, see here.