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Salaries at Top 20 Business Schools - Class of 2018

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Salaries at Top 20 Business Schools - Class of 2018  [#permalink]

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New post 04 Jul 2019, 07:15
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Hi Everyone, I am presenting here placement stats of class of 2018 MBA students at top 20 US Bschools and salaries offered to domestic and international students. Salary figures shown here have been taken from latest US News MBA ranking.

  • NYU Stern reported the highest increase - 7% - in the salaries offered to their graduates.
  • We can also see decent increase in the salaries offered to the graduates of MIT, Yale, Duke, and UNC.
  • There is a large difference in the salaries offered to domestic students of Stanford in comparison with the salaries offered to their international students.

Do you see any other remarkable observations? Let us know by replying to this post.

US News RankSchoolOverall SalaryIncrease / (Decrease) from Last YearSalary to Domestic ApplicantsSalary to International Applicants
2Stanford146K1%150K132K
1Wharton140K3%142K133K
3Harvard139K1%141K136K
3MIT Sloan135K5%135KN/A
3Chicago Booth132K2%134K127K
6Columbia131K2%131K130K
12Tuck130K2%132K126K
12NYU Stern129K7%130K126K
6Kellogg128K0%132K120K
6Berkeley Haas128K2%130K123K
10Duke Fuqua128K4%130K125K
12UVA Darden128K2%N/AN/A
10Michigan Ross127K2%128K123K
9Yale SOM126K6%127K124K
15Cornell Johnson126K0%129K120K
17USC Marshall123K4%124K104K
16UCLA Anderson122K2%124K118K
21Emory Goizueta121K1%122K117K
17CMU Tepper120K1%121K119K
19McCombs119K3%120K114K
19Kenan-Flagler117K5%117K115K




US News RankSchoolSalary Figures by Industries
ConsultingConsumer ProductsFinancial ServicesHealthcareManufacturingReal EstateTechnology
1Wharton143K117K146K131K134K128K132K
2Stanford146K133K167K129K118K136K
3Harvard145K119K152K135K133K124K130K
3MIT Sloan143K121K134K133K135K183K134K
3Chicago Booth140K116K133K128K118K106K128K
6Columbia143K115K135K125K98K123K122K
6Kellogg141K110K132K120K115K122K126K
6Berkeley Haas132K121K126K115K121K99K133K
9Yale SOM136K115K127K110K112K102K126K
10Duke Fuqua140K107K125K120K116K127K
10Michigan Ross137K110K126K118K119K125K

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Re: Salaries at Top 20 Business Schools - Class of 2018  [#permalink]

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New post 04 Jul 2019, 07:50
Interesting to see that both Anderson and Marshall are that low on the Salary list. LA is not particularly cheap place to live, and neither is California with additional income Tax. Anyone has any ideas?
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Re: Salaries at Top 20 Business Schools - Class of 2018  [#permalink]

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New post 05 Jul 2019, 01:13
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bb I would imagine its related to industry: both are big on entertainment and entrepreneurship, lesser paying post-MBA jobs. Lower percent of jobs in consulting. Thoughts?
bb wrote:
Interesting to see that both Anderson and Marshall are that low on the Salary list. LA is not particularly cheap place to live, and neither is California with additional income Tax. Anyone has any ideas?

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Re: Salaries at Top 20 Business Schools - Class of 2018  [#permalink]

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New post 05 Jul 2019, 06:42
MBAPrepCoach wrote:
bb I would imagine its related to industry: both are big on entertainment and entrepreneurship, lesser paying post-MBA jobs. Lower percent of jobs in consulting. Thoughts?
bb wrote:
Interesting to see that both Anderson and Marshall are that low on the Salary list. LA is not particularly cheap place to live, and neither is California with additional income Tax. Anyone has any ideas?


Very likely. I was somewhat under the impression that Anderson was touting tech has a big recruiting segment but I don’t see those salaries really reflected...?

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Re: Salaries at Top 20 Business Schools - Class of 2018  [#permalink]

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New post 05 Jul 2019, 06:53
Narenn Good One :-)

Cc bb

One request - Can you put the same with top 20 Non-US Business Schools
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Re: Salaries at Top 20 Business Schools - Class of 2018  [#permalink]

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New post 05 Jul 2019, 07:03
Narenn wrote:
Hi Everyone, I am presenting here placement stats of class of 2018 MBA students at top 20 US Bschools and salaries offered to domestic and international students. Salary figures shown here have been taken from latest US News MBA ranking.

  • NYU Stern reported the highest increase - 7% - in the salaries offered to their graduates.
  • We can also see decent increase in the salaries offered to the graduates of MIT, Yale, Duke, and UNC.
  • There is a large difference in the salaries offered to domestic students of Stanford in comparison with the salaries offered to their international students.

Do you see any other remarkable observations? Let us know by replying to this post.

US News RankSchoolOverall SalaryIncrease / (Decrease) from Last YearSalary to Domestic ApplicantsSalary to International Applicants
2Stanford146K1%150K132K
1Wharton140K3%142K133K
3Harvard139K1%141K136K
3MIT Sloan135K5%135KN/A
3Chicago Booth132K2%134K127K
6Columbia131K2%131K130K
12Tuck130K2%132K126K
12NYU Stern129K7%130K126K
6Kellogg128K0%132K120K
6Berkeley Haas128K2%130K123K
10Duke Fuqua128K4%130K125K
12UVA Darden128K2%N/AN/A
10Michigan Ross127K2%128K123K
9Yale SOM126K6%127K124K
15Cornell Johnson126K0%129K120K
17USC Marshall123K4%124K104K
16UCLA Anderson122K2%124K118K
21Emory Goizueta121K1%122K117K
17CMU Tepper120K1%121K119K
19McCombs119K3%120K114K
19Kenan-Flagler117K5%117K115K




US News RankSchoolSalary Figures by Industries
ConsultingConsumer ProductsFinancial ServicesHealthcareManufacturingReal EstateTechnology
1Wharton143K117K146K131K134K128K132K
2Stanford146K133K167K129K118K136K
3Harvard145K119K152K135K133K124K130K
3MIT Sloan143K121K134K133K135K183K134K
3Chicago Booth140K116K133K128K118K106K128K
6Columbia143K115K135K125K98K123K122K
6Kellogg141K110K132K120K115K122K126K
6Berkeley Haas132K121K126K115K121K99K133K
9Yale SOM136K115K127K110K112K102K126K
10Duke Fuqua140K107K125K120K116K127K
10Michigan Ross137K110K126K118K119K125K


Interesting...

And for what reason do you think that international applicants have this "negative net" in comparison with the Domestic Applicants?
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Re: Salaries at Top 20 Business Schools - Class of 2018  [#permalink]

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New post 06 Jul 2019, 07:10
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hhyller wrote:

Interesting...

And for what reason do you think that international applicants have this "negative net" in comparison with the Domestic Applicants?



What are some of the biggest differences in the demographics of intnl applicants (not including Intnl students in US either working/-ed or studying/-ied) vs domestic applicants?

1. Type of educational credentials: more often than not, a decently high % of folks from non-US countries tend to be engineering focussed while there is a seeming move to include people with more liberal arts backgrounds.
2. Relevance of intnl WE: you command a higher salary when you can show a great fit with a certain role. This is much easier if you are a domestic candidate. Better fit usually translates into a better negotiating leverage for you as a candidate.
3. Visa limitations: uncertainty around H1b, usually leads to intnl candidates accepting lower-ish packages in lieu of getting the opportunity to work with top companies (FAANG or MBB etc).
4. Personal situations: sometimes intnl students dont have leverage wrt locations of choice (due to personal reasons) and hence, negotiated packages are usually lower.
5. This list does not mention whether these salaries are for off-campus or OCR. This is a crucial distinction as companies participating in OCR are usually mandated wrt base salaries by the respective schools while no such considerations exist for off-campus.

Again, this is by no means an exhaustive list but these have been some of the reasons why intnl students command lower salaries.
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Re: Salaries at Top 20 Business Schools - Class of 2018  [#permalink]

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New post 17 Aug 2019, 20:57
Interesting information.

Just a quick question - Does this vary with your Pre-MBA work experience?

hhyller wrote:
Narenn wrote:
Hi Everyone, I am presenting here placement stats of class of 2018 MBA students at top 20 US Bschools and salaries offered to domestic and international students. Salary figures shown here have been taken from latest US News MBA ranking.

  • NYU Stern reported the highest increase - 7% - in the salaries offered to their graduates.
  • We can also see decent increase in the salaries offered to the graduates of MIT, Yale, Duke, and UNC.
  • There is a large difference in the salaries offered to domestic students of Stanford in comparison with the salaries offered to their international students.

Do you see any other remarkable observations? Let us know by replying to this post.

US News RankSchoolOverall SalaryIncrease / (Decrease) from Last YearSalary to Domestic ApplicantsSalary to International Applicants
2Stanford146K1%150K132K
1Wharton140K3%142K133K
3Harvard139K1%141K136K
3MIT Sloan135K5%135KN/A
3Chicago Booth132K2%134K127K
6Columbia131K2%131K130K
12Tuck130K2%132K126K
12NYU Stern129K7%130K126K
6Kellogg128K0%132K120K
6Berkeley Haas128K2%130K123K
10Duke Fuqua128K4%130K125K
12UVA Darden128K2%N/AN/A
10Michigan Ross127K2%128K123K
9Yale SOM126K6%127K124K
15Cornell Johnson126K0%129K120K
17USC Marshall123K4%124K104K
16UCLA Anderson122K2%124K118K
21Emory Goizueta121K1%122K117K
17CMU Tepper120K1%121K119K
19McCombs119K3%120K114K
19Kenan-Flagler117K5%117K115K




US News RankSchoolSalary Figures by Industries
ConsultingConsumer ProductsFinancial ServicesHealthcareManufacturingReal EstateTechnology
1Wharton143K117K146K131K134K128K132K
2Stanford146K133K167K129K118K136K
3Harvard145K119K152K135K133K124K130K
3MIT Sloan143K121K134K133K135K183K134K
3Chicago Booth140K116K133K128K118K106K128K
6Columbia143K115K135K125K98K123K122K
6Kellogg141K110K132K120K115K122K126K
6Berkeley Haas132K121K126K115K121K99K133K
9Yale SOM136K115K127K110K112K102K126K
10Duke Fuqua140K107K125K120K116K127K
10Michigan Ross137K110K126K118K119K125K


Interesting...

And for what reason do you think that international applicants have this "negative net" in comparison with the Domestic Applicants?

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Re: Salaries at Top 20 Business Schools - Class of 2018  [#permalink]

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New post 17 Aug 2019, 21:11
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Well... the average salary after you graduate from an MBA program is determined by taking the salaries of everyone and dividing them by the number of students reporting.

So someone doing consulting will have a higher salary vs someone who will go into non profit.

As to your past experience impacting your future salary, it does but not directly so to speak. Pay at graduation is much more correlated with the industry you are targeting and the position you are hired into. You won’t get paid more in the same job/position just because you have more experience but you can qualify for a better position with one’s experience and skills. You can also potentially get hired sooner or get better company even if the pay is the same.

Your future employer won’t hire just because you went to Tepper/Ross/Etc. They will look at your experience and what they can use you for. If you have good brands on your resume, job search will be easy. If you have some unknown companies, it will be longer and more painful as the spots will first go to others.

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Re: Salaries at Top 20 Business Schools - Class of 2018  [#permalink]

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New post 26 Nov 2019, 09:35
Hey Guys ,

Would anyone be able to give such comparison for other US Schools. I am looking for a comparison between SMU Cox and Katz School of Management. I have an admit from both places and I want to know more about the placement from these colleges in the consulting domain as that is my target industry post MBA and it is my current domain as well. Any help with respect to this would be really appreciated.

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Re: Salaries at Top 20 Business Schools - Class of 2018  [#permalink]

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New post 26 Nov 2019, 12:21
rohansethi94 wrote:
Hey Guys ,

Would anyone be able to give such comparison for other US Schools. I am looking for a comparison between SMU Cox and Katz School of Management. I have an admit from both places and I want to know more about the placement from these colleges in the consulting domain as that is my target industry post MBA and it is my current domain as well. Any help with respect to this would be really appreciated.

Thanks,
Rohan



Hi. Did they not release their employment reports? That's where schools will publish information like that. You just have to google for it.... or those schools don't release employment reports or is Google down today?

PS. Cox is $102,000 and Katz is $88,000
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Re: Salaries at Top 20 Business Schools - Class of 2018  [#permalink]

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New post 26 Nov 2019, 12:30
Hi bb,

I was looking for industry based breakdown which was mentioned in the above post for those schools. I could not find that on google niether is it mentioned on their website. The average one is available ofcourse. Sorry if it wasn’t clear from my above comment.

Thanks,
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New post 26 Nov 2019, 12:36
Well... it may be a red flag if they are not providing the details but the figures/numbers only include people who have gotten jobs, so if you want to do consulting and you don't get hired, your numbers are not reported, and that's really not helpful or reflective of reality. What I can say is that the salary does not depend on which school you went to. E.g. BCG or McKinsey is not going to pay you less just because you went to Cox vs. HBS but the likelihood of getting a good consulting position increases with the school rank and does getting noticed.


rohansethi94 wrote:
Hi bb,

I was looking for industry based breakdown which was mentioned in the above post for those schools. I could not find that on google niether is it mentioned on their website. The average one is available ofcourse. Sorry if it wasn’t clear from my above comment.

Thanks,
Rohan

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Re: Salaries at Top 20 Business Schools - Class of 2018  [#permalink]

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New post 03 Dec 2019, 12:56
Hi bb,
Great insights on B-Schools in the USA.

Can you also publish such insights for top 10 Canadian B-Schools?
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New post 03 Dec 2019, 13:05
Good question about Canadian MBA programs. Are there even 10 in Canada? 8-) I looked up Rotman and it says $99,574 for the 2018 Year graduating Class.

My understanding is that is Canadian dollars And one converted to the US dollars, it is about $75,000 a year which includes salary and bonus. The base salary without bonus was 92,000 CAD.

https://www.rotman.utoronto.ca/-/media/ ... t-2019.pdf

This is a meaningful difference with the US counterparts. The biggest surprise is how small the bonus is. It’s less than 10%. Most US employers would offer double that for a bonus in % But that could be the reality of Canadian offer structures. It also probably doesn’t take into consideration differences in cost of living, health insurance and other benefits that are often not measured or reported.

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New post 10 Dec 2019, 21:00
Seems these numbers could be updated a bit...especially those for Columbia where the median salary is now: $177,970

https://poetsandquants.com/2019/11/14/c ... y=mba-jobs

bb wrote:
Good question about Canadian MBA programs. Are there even 10 in Canada? 8-) I looked up Rotman and it says $99,574 for the 2018 Year graduating Class.

My understanding is that is Canadian dollars And one converted to the US dollars, it is about $75,000 a year which includes salary and bonus. The base salary without bonus was 92,000 CAD.

https://www.rotman.utoronto.ca/-/media/ ... t-2019.pdf

This is a meaningful difference with the US counterparts. The biggest surprise is how small the bonus is. It’s less than 10%. Most US employers would offer double that for a bonus in % But that could be the reality of Canadian offer structures. It also probably doesn’t take into consideration differences in cost of living, health insurance and other benefits that are often not measured or reported.

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New post 10 Dec 2019, 21:13
classof2021mba wrote:
Seems these numbers could be updated a bit...especially those for Columbia where the median salary is now: $177,970



Any idea where the numbers came from? I looked at the school report and they said the median salary was $150,000 and median bonus was $30,000. Where did 177,970 come from?

https://www8.gsb.columbia.edu/recruiter ... _FINAL.pdf



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New post 10 Dec 2019, 21:22
I figured it out.... They averaged everything - including the $50k bonus that 15% of graduates received. I am not sure that’s the most accurate way but I guess it works for averages.... However, keep it in mind that these figures include signing bonuses that have to be paid back if Juan quits during the first two years typically and some of the bonuses don’t mature for a number of years. At the same time if one stays, these numbers are accurate as averages.

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New post 10 Dec 2019, 21:24
From the article, that total reflects median base salaries of $150,000, signing bonuses of $30,000, and other guaranteed compensation of $50,000. The total pay number is adjusted to account for the percentage of students receiving a sign-on bonus and/or other guaranteed compensation.

Ie: 150K+20,370 (30K*67.9%)+7600 (50K*15.2%) = $177,970


And fair, even if we don't include the bonuses - the median of 150K is significantly higher than the 131K above :)


bb wrote:
classof2021mba wrote:
Seems these numbers could be updated a bit...especially those for Columbia where the median salary is now: $177,970



Any idea where the numbers came from? I looked at the school report and they said the median salary was $150,000 and median bonus was $30,000. Where did 177,970 come from?

https://www8.gsb.columbia.edu/recruiter ... _FINAL.pdf



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Re: Salaries at Top 20 Business Schools - Class of 2018  [#permalink]

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New post 10 Dec 2019, 21:28
Salary figures mentioned in the table are from US News rankings. Perhaps it's time to post a new edition of this thread, reflecting latest salary figures published by schools. I will get this done by Thursday evening.
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Re: Salaries at Top 20 Business Schools - Class of 2018   [#permalink] 10 Dec 2019, 21:28
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