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# EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!

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Current Student
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EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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22 Apr 2018, 04:46
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30
What drives you to get up in the morning and hit those convoluted GMAT books ? Why are you working on the GMAT-prep software until 10PM on a freaking weekend ? Why are you at home working your but off on the GMAT-club tests when you could be out partying or hanging out with friends? It’s easy to get lost in your own head and allow procrastination to put your dreams in a standstill. Simply put- You have a dream and you have to protect that dream.
GMAT is only the first step towards your MBA dream. After one has taken the GMAT, he/she begins to research for the MBA programs that would fit their narrative as to why they need the MBA in the first place. One thing everyone looks at is the rankings. There are numerous rankings, some more flawed then the other, which gives us a general idea about the student body at a particular school. But what about money? How about comparing B-schools based on the amount of money one makes upon graduation from that school?

In this post we are gonna have a single dimensional overview of each school. We would look at how much money a candidate makes upon graduating from XYZ schools, what bonuses are they offered and what other benefits do they receive (including tuition reimbursements, stock options, relocation allowance etc.). Then we are gonna add them all up to get a clearer picture of the AVERAGE COMPENSATION at the Top B-schools in the United States!

A few pointers ->

• Total Average compensation = Average Base Salary + Average Bonus + Average Others (like Stock options, tuition reimbursements, relocation allowances etc.)
• MBA Pay Scale Rank is just an attempt to rank the schools based on the average overall compensation
• While you examine the average compensation at different schools, do not forget to analyse the employment percentages, both - at graduation and at 3 months post graduation
• These numbers are also applicable to the MBA + MS programs

 Average Salary at Top B-schools in the US MBA Payscale Rank School US.News Rank Average Base Salary Average Bonus Average Others Average Total Compensation % Employed At Graduation % Employed within 3 months of graduation 1 Stanford 4 \$144,455 \$29,534 \$83,065 \$257,054 63.9% 87.6% 2 Columbia 9 \$129,096 \$34,481 \$57,460 \$221,036 69.9% 89.3% 3 Harvard 1 \$137,293 \$29,855 \$53,040 \$220,188 78.9% 89.3% 4 Wharton 3 \$135,716 \$31,214 \$42,571 \$209,501 82.3% 92.6% 5 Booth 1 \$129,442 \$30,469 \$40,504 \$200,415 88.0% 95.3% 6 MIT 5 \$128,301 \$27,872 \$28,116 \$184,289 84.2% 93.9% 7 Kellogg 6 \$128,192 \$28,469 \$25,422 \$182,083 81.6% 92.6% 8 Stern 13 \$121,146 \$33,134 \$27,177 \$181,457 79.1% 91.3% 9 Foster 22 \$119,904 \$31,570 \$26,462 \$177,936 85.2% 98.1% 10 Tuck 10 \$127,986 \$30,208 \$19,648 \$177,842 80.2% 91.8% 11 Ross 7 \$124,702 \$30,866 \$21,607 \$177,175 89.7% 94.4% 12 Darden 13 \$124,684 \$31,966 \$19,811 \$176,461 83.4% 90.1% 13 Tepper 17 \$119,402 \$30,101 \$25,688 \$175,191 81.1% 88.6% 14 Haas 7 \$125,572 \$27,926 \$21,023 \$174,571 66.3% 89.9% 15 Marshall 20 \$118,110 \$28,406 \$26,111 \$172,627 74.9% 93.6% 16 Yale-SOM 11 \$119,371 \$28,747 \$22,125 \$170,243 75.2% 90.5% 17 Goizueta 20 \$119,665 \$27,534 \$17,024 \$164,223 84.6% 92.7% 18 Anderson 16 \$119,964 \$29,073 \$12,982 \$162,019 74.4% 88.0% 19 McCombs 17 \$117,185 \$28,280 \$16,135 \$161,600 81.5% 89.9% 20 Johnson 15 \$125,578 \$31,604 NA \$157,182 80.3% 90.9% 21 UNC 19 \$111,082 \$23,706 \$19,781 \$154,569 79.1% 90.8% 22 Fuqua 11 \$122,989 \$30,374 NA \$153,363 87.0% 92.6% 23 Marriott 23 \$113,349 \$27,254 \$10,672 \$151,275 83.0% 94.0% 24 Rice 35 \$102,534 \$19,825 \$29,371 \$151,730 76.8% 89.4% 25 Olin 23 \$106,812 \$24,440 \$18,155 \$149,407 72.0% 97.2% 26 Scheller 28 \$106,115 \$25,378 \$17,620 \$149,113 71.9% 93.0% 27 Mendoza 31 \$107,230 \$20,879 \$15,888 \$143,997 73.1% 86.1% 28 Eccles 44 \$88,143 \$21,267 \$33,041 \$142,451 75.4% 91.2% 29 McDonough 25 \$112,501 \$28,516 NA \$141,017 68.3% 91.8% 30 Smeal 31 \$105,462 \$21,820 \$12,853 \$140,135 78.0% 91.5% 31 Owen 26 \$113,205 \$25,232 NA \$138,437 75.8% 91.3% 32 Kelley 27 \$100,874 \$22,551 \$14,655 \$138,080 76.8% 86.9% 33 Simon 44 \$102,046 \$20,354 \$12,963 \$135,363 71.3% 93.8% 34 Warrington 34 \$100,863 \$15,418 \$14,936 \$131,217 79.6% 89.8% 35 Smith 48 \$100,934 \$17,512 \$12,718 \$131,164 65.4% 79.5% 36 Mays 36 \$105,910 \$13,828 \$11,219 \$130,957 72.0% 90.0% 37 Carlson 29 \$106,129 \$23,071 NA \$129,200 82.9% 82.9% 38 SMU-Cox 48 \$97,906 \$18,154 \$12,868 \$128,928 64.8% 86.7% 39 UIUC 48 \$95,295 \$14,000 \$14,000 \$128,599 71.2% 80.3% 40 Rutgers 44 \$97,546 \$19,719 \$10,125 \$127,390 73.6% 88.7% 41 Merage 42 \$97,808 \$16,706 \$11,458 \$125,972 50.9% 87.3% 42 Carroll 48 \$100,698 \$19,600 \$5,000 \$125,298 64.2% 85.1% 43 Questrom 42 \$95,471 \$16,229 \$13,585 \$125,285 59.8% 90.6% 44 Wisconsin 37 \$97,237 \$17,398 \$10,284 \$124,919 57.8% 85.6% 45 Fisher 31 \$96,034 \$19,163 \$8,913 \$124,110 80.0% 94.4% 46 Carey 29 \$98,633 \$14,907 \$9,291 \$122,831 74.3% 95.9% 47 Broad 37 \$101,836 \$18,411 NA \$120,247 75.0% 85.3% 48 UC-Davis 37 \$95,603 \$15,500 NA \$111,103 82.9% 91.4% 49 Texas-Dallas 40 \$87,522 \$12,314 \$7,500 \$107,336 41.9% 90.3% 50 Terry 50 \$90,250 \$14,214 NA \$104,464 75.0% 92.5%

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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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23 Apr 2018, 05:12
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Thanks stonecold for this awsome post. I atleast have a finite list of schools now
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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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04 May 2018, 11:25
StoneCold... some of these numbers differ from what is reported on the schools' website. Any particular reason for that?
Which ones are more trustworthy?
Current Student
Joined: 12 Aug 2015
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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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04 May 2018, 23:43
gmat.taker wrote:
StoneCold... some of these numbers differ from what is reported on the schools' website. Any particular reason for that?
Which ones are more trustworthy?

Hi,
Thank you for the query.
The numbers don't differ. These numbers(above) are the latest 2018 employment statistics reported by schools to the US news. On their website, the schools just mention the base salary and the average bonuses. They generally don't mention the average of others compensations that a candidate receives.

Since they were reported by schools to the US news magazine, the numbers above are pretty darn accurate.

Best,
Stone

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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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22 May 2018, 21:17
thanks for this. Is the job scopes applied also for international students ?
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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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03 Jun 2018, 10:40
Great compilation. Im amazed to see the variance between the US News Ranks and Payscale ranks of some colleges, particularly Foster, Yale SOM, Haas, Fuqua, Johnson and Rice. Location is indeed a major factor.
Current Student
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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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14 Jun 2018, 05:51
Ananyaroy27 wrote:
thanks for this. Is the job scopes applied also for international students ?

Hi,
Yes! The above information is an average for all the students, which includes the International students too.
However, as for the international students, there might be a small discrepancy in the pay structure due to the immigration mess.

Best,
Stone

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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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15 Jun 2018, 08:04
ab_gmat wrote:
Great compilation. Im amazed to see the variance between the US News Ranks and Payscale ranks of some colleges, particularly Foster, Yale SOM, Haas, Fuqua, Johnson and Rice. Location is indeed a major factor.

Location and quite frankly- the pedigree of the school.
Some lower ranked schools(like BYU) have excellent employment numbers.

And BTW- BYU, with over 40 percent acceptance rate, isn't even that difficult to get into. The required LDS endorsement heavily decreases the number of international applications, since people usually apply late whereas the LDS endorsements can take time. So any prospective candidate looking to get into a great B-school- APPLY TO BYU!

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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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25 Jun 2018, 09:16
stonecold wrote:
ab_gmat wrote:
Great compilation. Im amazed to see the variance between the US News Ranks and Payscale ranks of some colleges, particularly Foster, Yale SOM, Haas, Fuqua, Johnson and Rice. Location is indeed a major factor.

Location and quite frankly- the pedigree of the school.
Some lower ranked schools(like BYU) have excellent employment numbers.

And BTW- BYU, with over 40 percent acceptance rate, isn't even that difficult to get into. The required LDS endorsement heavily decreases the number of international applications, since people usually apply late whereas the LDS endorsements can take time. So any prospective candidate looking to get into a great B-school- APPLY TO BYU!

Hello,
Firstly thanks a ton for the effort you've taken.
I have few questions regarding the above-posted stats-
1. It is known that the colleges that publish their annual employment report usually put up the stats of the top 10% students and hence the avg salary we see is only representative of the top 10%. Though there has been a debate over this belief ,I came accross a situation such as the above and hence perplexed as to what exactly is the scenario ! I would like to know your's as well as others' view on this.
2. According to the above post above the avg salaries dont differ much but yet the acceptance rate and thus the selection criteria get stringent as the ranking increases. Share some views on this, please
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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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12 Jul 2018, 22:05
stonecold, Awesome post, Very informational.
It would be great if you could other metrics such as add cost of attendance, scholarships chances/percentages (for international/domestic students), etc.
I couldn't find similar information elsewhere.

Regards
Anuj
Current Student
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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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14 Jul 2018, 10:07
stonecold wrote:
ab_gmat wrote:
Great compilation. Im amazed to see the variance between the US News Ranks and Payscale ranks of some colleges, particularly Foster, Yale SOM, Haas, Fuqua, Johnson and Rice. Location is indeed a major factor.

Location and quite frankly- the pedigree of the school.
Some lower ranked schools(like BYU) have excellent employment numbers.

And BTW- BYU, with over 40 percent acceptance rate, isn't even that difficult to get into. The required LDS endorsement heavily decreases the number of international applications, since people usually apply late whereas the LDS endorsements can take time. So any prospective candidate looking to get into a great B-school- APPLY TO BYU!

Hello,
Firstly thanks a ton for the effort you've taken.
I have few questions regarding the above-posted stats-
1. It is known that the colleges that publish their annual employment report usually put up the stats of the top 10% students and hence the avg salary we see is only representative of the top 10%. Though there has been a debate over this belief ,I came accross a situation such as the above and hence perplexed as to what exactly is the scenario ! I would like to know your's as well as others' view on this.
2. According to the above post above the avg salaries dont differ much but yet the acceptance rate and thus the selection criteria get stringent as the ranking increases. Share some views on this, please

Hi, Thanks for the question.
My perspective ->

First off, statement 1 is absolutely rubbish my friend. Whoever told you that was just being diabolical about the school. Schools report the average of the entire participating class (which is almost 98-100 percent of the total strength)
If they make those up or are being cheeky, they loose the rankings. The US news is not that kind you know.

For statement 2, I understand your concern. However, the amount of salary one makes has nothing to do with the rankings/prestige of the MBA schools one attend. Lets talk about MBA in finance for example. I think Notre dame, BC and Simon are all top notch schools for that particular department. Yet, the rankings of those schools vary considerably. Its all about what you wan from your MBA. I am a firm believer in the concept that a FULL RIDE at a TOP 50 school is worth more an admit with no money at a Top 20-25 school! You might disagree to that. And that's fine.

So, are rankings important? YES!
But the personal fit should always override the rankings

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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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14 Jul 2018, 10:12
1
anuj.bit2k10 wrote:
stonecold, Awesome post, Very informational.
It would be great if you could other metrics such as add cost of attendance, scholarships chances/percentages (for international/domestic students), etc.
I couldn't find similar information elsewhere.

Regards
Anuj

Hi, Thank you for the question.

I can help you with the data for any particular school you have in mind. However, it is impossible to boil down the rankings to a simple metrics which can provide the scholarship chances.

Just as an example -
Schools like Notre Dame, BYU, BU, Madison, Purdue are know to be very very generous with aid(especially Notre Dame and BU)
Schools like Georgetown, Broad, Smeal, Carlson( and many more like them) are not

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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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18 Aug 2018, 07:30
stonecold wrote:
What drives you to get up in the morning and hit those convoluted GMAT books ? Why are you working on the GMAT-prep software until 10PM on a freaking weekend ? Why are you at home working your but off on the GMAT-club tests when you could be out partying or hanging out with friends? It’s easy to get lost in your own head and allow procrastination to put your dreams in a standstill. Simply put- You have a dream and you have to protect that dream.
GMAT is only the first step towards your MBA dream. After one has taken the GMAT, he/she begins to research for the MBA programs that would fit their narrative as to why they need the MBA in the first place. One thing everyone looks at is the rankings. There are numerous rankings, some more flawed then the other, which gives us a general idea about the student body at a particular school. But what about money? How about comparing B-schools based on the amount of money one makes upon graduation from that school?

In this post we are gonna have a single dimensional overview of each school. We would look at how much money a candidate makes upon graduating from XYZ schools, what bonuses are they offered and what other benefits do they receive (including tuition reimbursements, stock options, relocation allowance etc.). Then we are gonna add them all up to get a clearer picture of the AVERAGE COMPENSATION at the Top B-schools in the United States!

A few pointers ->

• Total Average compensation = Average Base Salary + Average Bonus + Average Others (like Stock options, tuition reimbursements, relocation allowances etc.)
• MBA Pay Scale Rank is just an attempt to rank the schools based on the average overall compensation
• While you examine the average compensation at different schools, do not forget to analyse the employment percentages, both - at graduation and at 3 months post graduation
• These numbers are also applicable to the MBA + MS programs

 Average Salary at Top B-schools in the US MBA Payscale Rank School US.News Rank Average Base Salary Average Bonus Average Others Average Total Compensation % Employed At Graduation % Employed within 3 months of graduation 1 Stanford 4 \$144,455 \$29,534 \$83,065 \$257,054 63.9% 87.6% 2 Columbia 9 \$129,096 \$34,481 \$57,460 \$221,036 69.9% 89.3% 3 Harvard 1 \$137,293 \$29,855 \$53,040 \$220,188 78.9% 89.3% 4 Wharton 3 \$135,716 \$31,214 \$42,571 \$209,501 82.3% 92.6% 5 Booth 1 \$129,442 \$30,469 \$40,504 \$200,415 88.0% 95.3% 6 MIT 5 \$128,301 \$27,872 \$28,116 \$184,289 84.2% 93.9% 7 Kellogg 6 \$128,192 \$28,469 \$25,422 \$182,083 81.6% 92.6% 8 Stern 13 \$121,146 \$33,134 \$27,177 \$181,457 79.1% 91.3% 9 Foster 22 \$119,904 \$31,570 \$26,462 \$177,936 85.2% 98.1% 10 Tuck 10 \$127,986 \$30,208 \$19,648 \$177,842 80.2% 91.8% 11 Ross 7 \$124,702 \$30,866 \$21,607 \$177,175 89.7% 94.4% 12 Darden 13 \$124,684 \$31,966 \$19,811 \$176,461 83.4% 90.1% 13 Tepper 17 \$119,402 \$30,101 \$25,688 \$175,191 81.1% 88.6% 14 Haas 7 \$125,572 \$27,926 \$21,023 \$174,571 66.3% 89.9% 15 Marshall 20 \$118,110 \$28,406 \$26,111 \$172,627 74.9% 93.6% 16 Yale-SOM 11 \$119,371 \$28,747 \$22,125 \$170,243 75.2% 90.5% 17 Goizueta 20 \$119,665 \$27,534 \$17,024 \$164,223 84.6% 92.7% 18 Anderson 16 \$119,964 \$29,073 \$12,982 \$162,019 74.4% 88.0% 19 McCombs 17 \$117,185 \$28,280 \$16,135 \$161,600 81.5% 89.9% 20 Johnson 15 \$125,578 \$31,604 NA \$157,182 80.3% 90.9% 21 UNC 19 \$111,082 \$23,706 \$19,781 \$154,569 79.1% 90.8% 22 Fuqua 11 \$122,989 \$30,374 NA \$153,363 87.0% 92.6% 23 Marriott 23 \$113,349 \$27,254 \$10,672 \$151,275 83.0% 94.0% 24 Rice 35 \$102,534 \$19,825 \$29,371 \$151,730 76.8% 89.4% 25 Olin 23 \$106,812 \$24,440 \$18,155 \$149,407 72.0% 97.2% 26 Scheller 28 \$106,115 \$25,378 \$17,620 \$149,113 71.9% 93.0% 27 Mendoza 31 \$107,230 \$20,879 \$15,888 \$143,997 73.1% 86.1% 28 Eccles 44 \$88,143 \$21,267 \$33,041 \$142,451 75.4% 91.2% 29 McDonough 25 \$112,501 \$28,516 NA \$141,017 68.3% 91.8% 30 Smeal 31 \$105,462 \$21,820 \$12,853 \$140,135 78.0% 91.5% 31 Owen 26 \$113,205 \$25,232 NA \$138,437 75.8% 91.3% 32 Kelley 27 \$100,874 \$22,551 \$14,655 \$138,080 76.8% 86.9% 33 Simon 44 \$102,046 \$20,354 \$12,963 \$135,363 71.3% 93.8% 34 Warrington 34 \$100,863 \$15,418 \$14,936 \$131,217 79.6% 89.8% 35 Smith 48 \$100,934 \$17,512 \$12,718 \$131,164 65.4% 79.5% 36 Mays 36 \$105,910 \$13,828 \$11,219 \$130,957 72.0% 90.0% 37 Carlson 29 \$106,129 \$23,071 NA \$129,200 82.9% 82.9% 38 SMU-Cox 48 \$97,906 \$18,154 \$12,868 \$128,928 64.8% 86.7% 39 UIUC 48 \$95,295 \$14,000 \$14,000 \$128,599 71.2% 80.3% 40 Rutgers 44 \$97,546 \$19,719 \$10,125 \$127,390 73.6% 88.7% 41 Merage 42 \$97,808 \$16,706 \$11,458 \$125,972 50.9% 87.3% 42 Carroll 48 \$100,698 \$19,600 \$5,000 \$125,298 64.2% 85.1% 43 Questrom 42 \$95,471 \$16,229 \$13,585 \$125,285 59.8% 90.6% 44 Wisconsin 37 \$97,237 \$17,398 \$10,284 \$124,919 57.8% 85.6% 45 Fisher 31 \$96,034 \$19,163 \$8,913 \$124,110 80.0% 94.4% 46 Carey 29 \$98,633 \$14,907 \$9,291 \$122,831 74.3% 95.9% 47 Broad 37 \$101,836 \$18,411 NA \$120,247 75.0% 85.3% 48 UC-Davis 37 \$95,603 \$15,500 NA \$111,103 82.9% 91.4% 49 Texas-Dallas 40 \$87,522 \$12,314 \$7,500 \$107,336 41.9% 90.3% 50 Terry 50 \$90,250 \$14,214 NA \$104,464 75.0% 92.5%

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30 Jan 2019, 11:46
Is there a flaw in the calculation above? How much percentage of the class got the Other Compensation should also be factored into. While a majority of the class would have received a signing bonus, the other compensation may be rare in schools such as Foster. I may be wrong though.

Having said that, say for example 60% of Foster's class received an average compensation of 30,000 USD, then shouldn't that be normalized for the entire class before we come up with average total compensation for the entire class?
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23 Mar 2019, 08:04
Can we not expect 100% employment atleast after 3 months of graduation from such top colleges ?
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Re: EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!  [#permalink]

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18 Nov 2019, 10:20
That's awesome! I would love to see a similar table for European Business Schools! Is there someone who collected/inferred the data?

thanks!!
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10 Dec 2019, 11:47
Perspective: MAKE SURE TO LOOK AT SIGN ON BONUSES WHEN COMPARING THE AVERAGE COMPENSATION !!

These days, there is a HUGE component of compensation that is given out as a sign on Bonus.
As an example: Amazon is giving out 70k-100k bonus (depending on whether you are a Technical product manager, product manager or in operations manager or otherwise).To the best of my knowledge, the base pay is between 130k-168k

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EMPLOYMENT AND SALARY STATISTICS AT TOP B-SCHOOLS IN THE US!   [#permalink] 10 Dec 2019, 11:47
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