Average salary after B school (minus Ibanking and MC)

Question

So what's the average starting salary, signing bonus, and year-end bonus for someone not going into I banking or consulting?

sm176811 · Answer

Guessing what my post MBA colleagues get, I would not say that it is very high. I think it wud be around 80K - 90K?

I think it also depends on the industry. If you end up in a Non-Profit Organization, the figures would be supressed even further.

gogetter · Answer

Rough guess, upper 80's/lower 90's.


Most would be brand management/marketing/general management.

biggamejames · Answer

What about investment management (not hedge funds).

rhyme · Answer

mid 90's, plus sign on...

MoonShine · Answer

What about corp finance rotational programs?

FN · Answer

$320K, including signon and cash compensation

Hjort · Answer

See page 9 of this document- https://www.anderson.ucla.edu/documents/ ... Report.pdf

pelihu · Answer

Hjort, I think the UCLA data reflects the fact that Anderson doesn't send a large number of bankers to NY, where the real action (and money) is. Check out the data on p.9 of this document: https://www.columbia.edu/cu/business/car ... er2006.pdf Also, both docs only indicate guaranteed compensation. If there's a boom year, like last year, total comp can go way up with discretionary bonuses; and if the economy sucks, you could get canned a lot more easily as well. Check out this link from the NY Post for info on the past year (a boom year): https://www.nypost.com/seven/12112006/photos/biz037a.jpg Class of '05 would be considered 1st year, because class of '06 was in their "stump year". Most sources have been reporting similar numbers, with 1st years averaging between $240-290k in total comp at the bulge bracket banks. If the economy cools off, who knows, it will probably go back down to the $170-200k range.

aaudetat · Answer

I recently looked at a jnonprofit ob in Chicago. I talked to the CEO of the org about the job, who was stoked about the funding they'd received for the position - they had gotten a major foundation to fork over, they were doing a national search, and they preferred a master's degree - mpa, mba, etc. I prodded a bit more, and the pay was about $45k. 

Oooh, hot.

pelihu · Answer

With that kind of cash, after taxes, rent, necessities and your daily cappuccino you could pay off your business school debt in less than 20 years!

aaudetat · Answer

Yeah, I am well aware. That's why I have to get myself a sugar daddy. It's a chicken-and-egg proposition. Am I going to business school to get a sugar daddy or am I getting a sugar daddy because I'm going to business school?

gablaze23 · Answer

do you still have to pay taxes if you work for a non-profit org?

aaudetat · Answer

yes, unfortunately. the nonprofit is the one that doesn't have to pay taxes. their employees still have to.

lumone · Answer

There are three kinds of lies: lies, damned lies, and statistics 

You may now this quote (it is actually in Princeton Gmat book).

Do you think the stats we see often see from/about BS are accurate?

I sometimes have a hard time to believe some salaries right at graduation
are accurate. What do you think?

johnnyx9 · Answer

I think it is very difficult to know what the numbers mean. You have to take into account a dozen caveats with any sort of statistic a school puts out.

Something I am curious about: Do HBS grads who work in corporate finance or general management make that much more than someone from a school ranked in the say, 30's? I realize top schools place people in lucrative fields very easily, so that drives their average salaries up, but getting back to the original post in this thread, if you strip away those lucrative jobs, how disparate are the starting salaries among b-schools?

riverripper · Answer

MIT has a great breakdown of what everyone from the class of 2006 who reported got for salaries and bonuses. There are some rather suprising numbers. This could be skewed a little since MIT seems be heavily engineered weighted for undergrad instead of business undergrads.

mitsloan.mit.edu/global/employment/detailed06.php#salary

(I am too new to post links so copy and paste away)

Mark4124 · Answer

Just call it 100-110... 90 base, 10-20 sign on.

pelihu · Answer

Someone from MIT that went into manufacturing is making $6500 per year? What's he manufacturing, Ipods in China?

Very detailed breakdown with a lot of info.

Average salary after B school (minus Ibanking and MC)

Prep Toolkit

Top 5 GMAT Debrief Videos

615 to 715 in 15 Days (Ria's Strategies)

More than Quant/Verbal Abilities: Speed vs. Accuracy

745 with Only Self-Prep and GMAT Club

From 555 to 765: 210-point Improvement

Perfect 805 Score Debrief by Julia

My Rewards