MBA Salaries
| Rank |
Business School |
Pre MBA
Salaries* |
Median Total
Pay Package |
Percent
Increase |
| 1 |
U. of Pennsylvania (Wharton) |
$60,000 |
$156,000 |
160% |
| 2 |
Northwestern (Kellogg) |
$56,000 |
$142,000 |
154% |
| 3 |
Stanford |
$65,000 |
$165,500 |
155% |
| 4 |
Harvard |
$65,000 |
$160,000 |
146% |
| 5 |
Columbia |
$50,000 |
$142,500 |
185% |
| 6 |
Duke (Fuqua) |
$49,000 |
$128,500 |
162% |
| 7 |
MIT (Sloan) |
$55,000 |
$149,000 |
171% |
| 8 |
Chicago |
$55,000 |
$140,000 |
155% |
| 9 |
Cornell (Johnson) |
$50,000 |
$135,000 |
170% |
| 10 |
Dartmouth (Tuck) |
$50,000 |
$149,500 |
199% |
| 11 |
Michigan |
$50,000 |
$131,000 |
162% |
| 12 |
NYU (Stern) |
$45,000 |
$140,000 |
211% |
| 13 |
UC -- Berkeley (Haas) |
$50,000 |
$135,000 |
170% |
| 14 |
Virginia (Darden) |
$50,000 |
$135,000 |
170% |
| 15 |
Yale |
$45,000 |
$130,000 |
189% |
| 16 |
UCLA (Anderson) |
$55,000 |
$136,500 |
148% |
| 17 |
Carnegie Mellon |
$45,000 |
$125,000 |
178% |
| 18 |
UNC -- Chapel Hill |
$48,000 |
$125,000 |
160% |
| 19 |
Texas -- Austin (McCombs) |
$45,000 |
$107,000 |
138% |
| 20 |
Indiana (Kelley) |
$42,000 |
$114,000 |
171% |
| 21 |
USC (Marshall) |
$45,000 |
$112,000 |
149% |
| 22 |
Purdue (Krannert) |
$35,000 |
$101,500 |
190% |
| 23 |
Rochester (Simon) |
$40,000 |
$110,000 |
175% |
| 24 |
Georgetown
(McDonough) |
$45,000 |
$116,000 |
158% |
| 25 |
Washington U. (Olin) |
$42,000 |
$109,000 |
160% |
As this table shows, the average salary increase ranges from 138% at UT
Austin to 211% at NYU (Stern).
The key takeaway from this table is that there is some cap on the amount
recruiters are willing to pay first-year MBAs without regard to their pre-MBA
work experience
– which we explicitly assume is closely tied to the pre MBA
salaries.
Before you take this table too seriously, we want to clearly state that these
numbers are simply averages. If you decide upon graduation that you would
like to work for a small start up and a nice options package (we concede those
days are probably gone until the business cycle comes full circle again) or if
you decide to work for a large Fortune 500 with good job benefits and security,
then you are NOT going to make the these 6 figure salaries your first year out
of business school.
* Pre MBA salaries are estimates we developed from many sources. Certain
business schools do not collect this information from their incoming students.
Those schools that do report these salaries use self-reported information
anyway.
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