Does Degree Earned Matter? An Empirical Analysis of CEOS from Large Firms

Journal of College Teaching and Learning, Vol. 5, No. 1, pp. 65-73, 2004

15 Pages Posted: 26 Aug 2009 Last revised: 10 May 2011

See all articles by Terrance Jalbert

Terrance Jalbert

University of Hawaii - Department of Business Administration

Mercedes Jalbert

The Institute for Business and Finance Research

Gino Perrina

affiliation not provided to SSRN

Date Written: May 1, 2004

Abstract

In this paper the educational backgrounds of the Highest Paid Chief Executive Officers (CEOs) in the United States are examined. Specifically, the extent to which the specific degree earned affects the salary received and other variables are examined. The data for the study is the Forbes 800 CEO compensation data. The time period for this study is the thirteen years from 1987-1999. The results indicate that the total compensation that individuals earn as the CEO of the firm depends upon the undergraduate and graduate degree that the individual earns. Those with differing degrees are found to have been with the firm for a differing number of years, earned their undergraduate and graduate degrees at different ages, started working for the firm at different ages, became the CEO at differing ages, and were with the firm for differing number of years prior to becoming the CEO.

Keywords: CEO Compensaion, CEO Performance, CEO Education, Executive Education

JEL Classification: G3, I2, J5

Suggested Citation

Jalbert, Terrance and Jalbert, Mercedes and Perrina, Gino, Does Degree Earned Matter? An Empirical Analysis of CEOS from Large Firms (May 1, 2004). Journal of College Teaching and Learning, Vol. 5, No. 1, pp. 65-73, 2004, Available at SSRN: https://ssrn.com/abstract=1461816

Terrance Jalbert (Contact Author)

University of Hawaii - Department of Business Administration ( email )

808-974-7456 (Phone)

Mercedes Jalbert

The Institute for Business and Finance Research ( email )

P.O. Box 5569
Hilo, HI 96720
United States

HOME PAGE: http://www.theIBFR.com

Gino Perrina

affiliation not provided to SSRN ( email )

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