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MBA Pay for 2019 Grads From Top 50 Ranked MBA Programs

PublisherPublisher 11376 replies152 threads Senior Member
edited July 9 in Business School - MBA
Average Base Salary & Signing Bonus Pay for 2019 graduates of top 50 MBA programs :

1) $172,000 Penn-Wharton

2) $168,000 NYU-Stern
3) $168,000 Stanford

4) $166,000 Dartmouth-Tuck

5) $165,000 Harvard
6) $165,000 Columbia
7) $165,000 Virginia-Darden
8) $165,000 Chicago-Booth

9) $164,000 Northwestern-Kellogg

10) $162,000 Cornell-Johnson

11) $161,000 Duke-Fuqua

12) $160,000 MIT-Sloan
13) $160,000 UCal-Berkeley (Haas)

14) $157,000 Michigan-Ross

15) $155,000 USC-Marshall

16) $153,000 Yale-SOM

17) $152,000 UCLA-Anderson

18) $150,000 Emory-Goizueta

19) $149,000 CMU-Tepper
20) $149,000 UNC-Keenan-Flagler

21) $148,000 Georgetown-McDonough

22) $147,000 Univ. of Texas at Austin (McCombs)

23) $145,000 Rice-Jones
24) $145,000 Univ. of Washington-Foster

25) $142,000 Georgia Tech
26) $142,000 URochester-Simon

27) $138,000 Notre Dame-Mendoza

28) $136,000 Indiana-Kelley

29) $135,000 WashUStL

30) $132,000 SMU-Cox
31) $132,000 Minnesota-Carlson

32) $127,000 Boston College-Carroll
33) $127,000 Texas A&M

34) $125,000 Wisconsin
35) $125,000 Penn State

36) $122,000 Univ. of Florida-Warrington

37) $121,000 BYU-Marriott

38) $119,000 Michigan State-Broad
39) $119,000 Univ. of Maryland

40) $118,000 Arizona State Univ. (ASU) Carey

41) $117,000 Ohio State

42) $116,000 Univ. of Texas at Dallas-Jindal

43) $112,000 Univ. of Georgia-Terry
44) $112,000 Univ. of Tennessee

45) $109,000 Boston University-Questrom

46) $103,000 UCal-Davis

47) $101,000 Univ. of Pittsburgh-Katz

48) $98,000 Univ. of Utah

49) $76,000 Univ. of Alabama

The above are the average starting base salary & signing bonus for 2019 graduates of these 2 year full-time MBA programs. Graduates average age at time of starting post-MBA career is about 29 or 30 years old, but could be as young as 25 years old.
edited July 9
13 replies
Post edited by CCEdit_Suraj on
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Replies to: MBA Pay for 2019 Grads From Top 50 Ranked MBA Programs

  • PublisherPublisher 11376 replies152 threads Senior Member
    Law School Graduates pay for those securing associate positions in major (Biglaw) firms in major US cities:

    Law associates (young lawyers) are paid in lockstep fashion so that each first year associate earns the same as other first year associates, and this lockstep pay pattern continues for the first 8 years in biglaw (typically law firms with 500 or more attorneys in multiple locations). Different locations may be on a lower pay scale if not in a major US city. Each law firm is free to determine how much it pays its associate attorneys, but, due to competition for the best & brightest young attorneys, most biglaw firms pay on the Cravath scale:

    Year 1) $190,000 base pay & $15,000 end of year bonus = $205,000

    Year 2) $200,000 base & $25,000 bonus = $225,000

    Year 3) $220,000 & $50,000 = $270,000 total annual compensation

    Year 4) $255,000 base & $65,000 bonus = $320,000 total annual pay

    Year 5) $280,000 base & $80,000 bonus = $360,000 annual pay

    Year 6) $305,000 base & $90,000 end of year bonus = $395,000 total pay

    Year 7) $325,000 base & $100,000 bonus = $425,000 total annual pay

    Year 8) $345,000 base & $100,000 bonus = $445,000 total annual pay

    Most law firms impose a minimum billable hours requirement in order to earn the full end of year bonus. Some law firms have added a small summer bonus for retention purposes.

    Law school is 3 years for those attending full-time. Passing the state bar during one's first year in the jurisdiction where one works is a job requirement.

    Typically first year associates are age 26 to 29, but some are just 25 years old.
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  • PublisherPublisher 11376 replies152 threads Senior Member
    Most young attorneys last for only four (4) to five (5) years with their initial law firm. Many lateral to other biglaw firms, while many elect to pursue positions with better work hours and less pressure once their law school student loans are paid off or once they are asked to leave the law firm.

    It is a bit unfair to compare MBA pay with biglaw associate attorney pay because different personality types pursue law than those who pursue an MBA.
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  • PublisherPublisher 11376 replies152 threads Senior Member
    At the top 15 or so MBA programs, the signing bonus incorporated into the first year total pay averages about $30,000.
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  • PurpleTitanPurpleTitan 13628 replies32 threads Senior Member
  • PublisherPublisher 11376 replies152 threads Senior Member
    Ranking the US MBA programs by salary in the Financial Times rankings cited in post #4 above by @PurpleTitan reveals a ranking almost identical to the M-7:

    1) Stanford
    2) Penn-Wharton
    3) Harvard

    4) Columbia
    5) MIT-Sloan
    6) Chicago-Booth

    7) UCal-Berkeley
    8) Northwestern-Kellogg
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  • PurpleTitanPurpleTitan 13628 replies32 threads Senior Member
    edited March 21
    Yep, and even the 8 non-M7 b-schools that I (and they, generally) consider to be in the top 10 are almost exactly who I thought they would be:

    Haas
    Yale SOM
    Tuck
    Fuqua
    Darden
    (UCLA)
    Stern
    Cornell Johnson
    UMich Ross

    Only difference is that the 2 UCs punch (slightly) above their weight. IMO, that is because of the COL on the coasts* and the growth in tech and overall entrepreneurial dynamism on the West Coast. Same dynamic helps out Stanford. The lower COL and lack of tech dynamism in the Midwest are why the Midwestern b-schools are lower in their respective groups.

    * Only big flaw with the FT salary rankings is that they don't adjust for COL, but I can't really hold that against them as it would be nearly impossible to figure out the geographic distribution of all b-school alums in enough granularity.

    What is noteworthy is the (rapid) rise of the Asian b-schools and the (slow) fall of the European ones. That also tracks changes in economic dynamism well.
    Back in the day (15 years ago), INSEAD and LBS were peers of the M7 in compensation (and no Asian b-school was close). Not so true these days.
    edited March 21
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  • PublisherPublisher 11376 replies152 threads Senior Member
    MBA Average Base Salaries For 2019 Graduates By School:

    Because not all MBA grads receive a signing bonus, I thought that it would be helpful to list just the starting average base salary for 2019 MBA graduates from the top 50 ranked MBA programs:

    1) Stanford GSB--$152,500
    2) UPenn-Wharton--$149,400
    3) Harvard--$146,500
    4) Columbia--$142,200
    5) Chicago-Booth--$140,000

    6) Dartmouth-Tuck--$139,000
    7) MIT-Sloan--$138,500
    8) Northwestern-Kellogg--$138,000
    9) UCal-Berkeley--$138,000
    10) Duke-Fuqua--$135,400

    11) NYU-Stern--$135,300
    12) Virginia-Darden--$135,200
    13) Cornell-Johnson--$131,200
    14) Yale-SOM--$130,000
    15) UCLA-Anderson--$129,600

    16) Michigan-Ross--$129,200
    17) USC-Marshall--$127,500
    18) Emory--$127,300
    19) Rice-Jones--$125,000
    20) UTexas-Austin--$124,700

    21) Georgetown--$124,200
    22) CMU-Tepper--$124,000
    23) UNC-$124,000
    24) Univ. of Washington-Foster--$123,000
    25) Vanderbilt--$120,000

    Signing bonuses average about $30,000 for grads of the above schools although not all receive signing bonuses.

    Starting base salary information helps prospective applicants to determine whether or not enrolling in a fulltime 2 year MBA program is a good investment of one's time (lost wages & missed promotions) & money (tuition, fees, room & board).
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  • PublisherPublisher 11376 replies152 threads Senior Member
    Total COA (cost-of-attendance)--including tuition, fees, & housing--for the Top 25 MBA Programs listed above:

    1) MIT--$237,600
    2) NYU-Stern--$233,000
    3) Stanford--$232,000
    4) Dartmouth-Tuck--$230,000
    5) UPenn-Wharton--$230,000

    6) Columbia--$230,000
    7) Harvard--$222,000
    8) UCLA--$220,000
    9) Chicago--$218,000
    10) Northwestern-Kellogg--$212,000

    11) UCal-Berkeley--$203,000
    12) Yale-SOM--$201,000
    13) Virginia-Darden--$195,000
    14) Michigan-Ross--$194,000
    15) Duke-Fuqua--$194,000

    16) Cornell-Johnson--$194,000
    17) Rice-Jones--$188,000
    18) Georgetown--$188,000
    19) CMU-Tepper--$188,000
    20) Emory--$185,000

    21) UNC--$184,000
    22) UWash-Foster--$164,300
    23) Texas-Austin--$155,300
    24) Indiana-Kelley--$152,200

    The above figures do NOT include lost income for almost 2 full years.

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  • UCBUSCalumUCBUSCalum 1193 replies5 threads Senior Member
    Your source for COA omits private schools like WashUStL, USC and Vanderbilt. Maybe sources are not consistent for various categories?
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  • Mwfan1921Mwfan1921 5377 replies91 threads Senior Member
    Publisher wrote: »
    Total COA (cost-of-attendance)--including tuition, fees, & housing--for the Top 25 MBA Programs listed above:

    1) MIT--$237,600
    2) NYU-Stern--$233,000
    3) Stanford--$232,000
    4) Dartmouth-Tuck--$230,000
    5) UPenn-Wharton--$230,000

    6) Columbia--$230,000
    7) Harvard--$222,000
    8) UCLA--$220,000
    9) Chicago--$218,000
    10) Northwestern-Kellogg--$212,000

    11) UCal-Berkeley--$203,000
    12) Yale-SOM--$201,000
    13) Virginia-Darden--$195,000
    14) Michigan-Ross--$194,000
    15) Duke-Fuqua--$194,000

    16) Cornell-Johnson--$194,000
    17) Rice-Jones--$188,000
    18) Georgetown--$188,000
    19) CMU-Tepper--$188,000
    20) Emory--$185,000

    21) UNC--$184,000
    22) UWash-Foster--$164,300
    23) Texas-Austin--$155,300
    24) Indiana-Kelley--$152,200

    The above figures do NOT include lost income for almost 2 full years.

    Not only the lost income, but also the opportunity to be promoted. Sometimes the MBA can make that up, sometimes not.
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  • PublisherPublisher 11376 replies152 threads Senior Member
    Omitted schools did not provide cost of housing information.
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  • blossomblossom 10389 replies9 threads Senior Member
    "Only big flaw with the FT salary rankings is that they don't adjust for COL, but I can't really hold that against them as it would be nearly impossible to figure out the geographic distribution of all b-school alums in enough granularity"

    No, the big flaw is not accounting for compensation other than base and sign-on. Graduates going into tech- where stock grants or options are a significant chunk of comp- are willing to take lower salaries than someone heading off to J P Morgan.....
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  • PurpleTitanPurpleTitan 13628 replies32 threads Senior Member
    @blossom, FT says it's "salary" 3 years out. Not sure if that is total comp or not. But with the numbers where they are (median above $200K for the top schools), I'm going to guess that it is. Not sure how stock and options are accounted for (if at all), though FT also weighs "salary" by industry, so the rankings won't be skewed by inter-industry differences (though they may be by inter-industry differences; that is, School A may have a lot more grads in tech pulling the same base as School B grads in tech but with much more lucrative equity comp).
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