{"id":56755,"date":"2022-12-12T09:00:32","date_gmt":"2022-12-12T16:00:32","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/?p=56755"},"modified":"2022-12-12T01:47:52","modified_gmt":"2022-12-12T08:47:52","slug":"class-of-2022-mbas-earn-bullish-starting-salaries","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/class-of-2022-mbas-earn-bullish-starting-salaries\/","title":{"rendered":"Class of 2022 MBAs Earn Bullish Starting Salaries"},"content":{"rendered":"
\"Class<\/a><\/figure>\n

Distance learning and unstable market conditions due to the Covid pandemic have not hurt the fortunes of MBA grads from top programs. The 2022 employment reports released in recent weeks from top schools, including NYU Stern School of Business, University of Michigan Ross School of Business, UC-Berkeley Haas School of Business, MIT Sloan, Harvard, and other peer programs have all announced record-breaking starting salaries for grads.<\/p>\n

Are you ready to apply? Take the\u00a0MBA Admissions Quiz<\/strong>\u00a0>><\/a><\/p>\n

NYU Stern MBA Salaries Soar<\/h3>\n

Median base salaries for NYU Stern were $170,000<\/a>\u2013the highest ever\u2013up $15,000 from the previous year. Median signing bonuses of $35,000 were on par with 2021, and average total compensation rose by $14,340 to an unprecedented $196,143.<\/p>\n

Within three months of graduation, 94.1 percent of Stern graduates had accepted job offers; 86.6% had accepted job offers by graduation. Top hiring industries remained consistent: consulting (31.2 percent), investment banking (27.2 percent) and tech (17.0 percent).<\/p>\n

Brian Ruggiero, Associate Dean of Career Services, boasted that the Class of 2022, which had begun their MBA studies during the pandemic, \u201cadapted quickly to the resulting paradigm shifts. The demand for these skills is clear,\u201d he said, pointing to the high acceptance rates for jobs three months after graduation being on par with pre-pandemic levels, as well as the highest compensation on record. Early data for the Class of 2023 also show \u201cstrong demand for Stern talent,\u201d he added, evidenced by a 100% success rate among seekers of internships.<\/p>\n

Michigan Ross MBA Class of 2022 Almost at 100% Employment<\/h3>\n

Similarly,\u00a0University of Michigan Ross School of Business<\/a>\u00a0reported that an eye-popping 99% percent of their 2022 grads were offered jobs within three months of graduation, landing median salaries of $165,000 and a $192,270 median salary package. Both salary figures reflect a $21,000 increase over the previous year.<\/p>\n

The B-School Selectivity Index:<\/strong><\/a>
\nAre You Competitive at Your Dream School? >><\/strong><\/a><\/p>\n

UC Berkeley Haas, Dartmouth Tuck, and Georgetown McDonough Report Great Employment Outcomes<\/h3>\n

On the West Coast, the\u00a02022 class at UC-Berkeley Haas School of Business\u00a0<\/a>had a 93.8% job offer rate, up 4% from the prior year, returning that figure to among the highest of the pre-pandemic years. The median base salary for Haas MBAs was $155,000, up by 3.7% from the previous year.<\/p>\n

Dartmouth Tuck\u2019s employment data<\/a>\u00a0released November 22 for the Class of 2022 showed that 98% of Tuck grads had job offers within three months of graduation, with median base salaries rising by 16.7% to $175,000 from $150,000 in 2021. Ninety-three percent of grads received a median signing bonus of $30,000, bumping median total compensation to $202,900, up more than 15% from last year.<\/p>\n

Georgetown MBAs enjoyed average base salaries of $138,552, up from $126,107 last year, and an average signing bonus of $36,342.\u00a0A statement from their website<\/a>\u00a0noted that \u201c96% of students received a job offer within three months of graduation and 95% accepted their offers \u2013 tying last year\u2019s placement records as the highest levels ever achieved by Full-time MBA graduates. The record-setting average salary marks a 10% increase from 2021, with bonuses increasing by 6%.<\/p>\n

\u201cThe outcomes presented in this report are a testament to the extraordinary talent in the Class of 2022,\u201d said Christy Murray, associate dean and managing director of career services at Georgetown McDonough. \u201cThese students began their MBA journey amid ongoing disruptions and uncertainty from the global pandemic, yet through their hard work, perseverance, and commitment to excellence, they were well positioned to secure impactful roles in business across a wide range of industries and sectors.\u201d<\/p>\n

Wharton MBAs pocketed their highest-ever median base salary of $175,000,<\/a>\u00a0a jump of 12.9 %. Salaries had been flat at $150,000 in 2019 and 2020, rising only to $155,000 in 2021. Within three months of graduation, 98.7% of Wharton\u2019s MBAs seeking jobs received offers. Wharton\u2019s 20222 employment report, released November 17, also revealed that more grads than ever found jobs in tech, despite the current flurry of layoffs and hiring freezes at tech giants Meta, Amazon, and Twitter.<\/p>\n

However,\u00a0an article in Poets&Quants cautioned that Wharton\u2019s impressive results in landing tech jobs may be a bit of an outlier<\/a>:<\/p>\n

\u201c. . . techies should be wary of seeing Wharton\u2019s success in tech as a sign of rebound. While the raw number of Wharton MBAs finding jobs in tech is higher than ever, the percentage of the class in the industry\u00a0is down slightly<\/strong><\/a>, as the number of job-seeking graduates in 2022 (633) is 8.2% more than in 2021 (585) as a result of Wharton enrolling larger classes at the start of the coronavirus pandemic.<\/p>\n

\u201cMoreover, Whartonites\u2019 success in landing tech gigs runs counter to many of their peer schools,\u00a0where tech hiring is down<\/strong><\/a>\u00a0\u2014\u00a0and in some cases down big<\/strong><\/a>\u00a0\u2014 and likely points to a very different tech landscape graduates faced this summer as they rounded out their offers.\u201d<\/p>\n

Other MBA 2022 Jobs and Salary Stats<\/h3>\n

The following data is from\u00a0Poets&Quants<\/a>\u00a0and underscores that whatever hardships and uncertainties students experienced while applying and earning MBAs during such a volatile period, their investments are paying off handsomely now.<\/p>\n