Earlier this season we reported that preliminary MBA employment profiles showed record-breaking salaries for the class of 2022. Additional employment data has only validated this trend. Almost all of the U.S. News top 10 ranked programs have reported median salary increases of ten percent or more compared to last year. Below, we’ve aggregated data on the median salaries and compensation for these programs.
University of Chicago (Booth): The median salary increased 12.9 percent from 2021 ($155,000) to 2022 ($175,000), while median total compensation increased by more than 10 percent to $196,600. Graduates split fairly evenly into consulting (36 percent) and financial services (35 percent), followed by technology (15 percent).
University of Pennsylvania (Wharton): The median salary increased 12.9 percent from 2021 ($155,000) to 2022 ($175,000). Over one-third of graduates went into financial services (39 percent), followed by consulting (24 percent) and technology (17 percent).
Northwestern University (Kellogg): The median salary increased 10 percent from 2021 ($150,000) to 2022 ($165,000), while median total compensation increased by 8.7 percent to $191,100. Over one-third of graduates entered into consulting (40 percent), followed by technology (21 percent), and financial services (16 percent).
Harvard University: The median salary increased 16 percent from 2021 ($150,500) to 2022 ($175,000), while median total compensation increased 17.5 percent to $223,100. Over one-third of graduates went into financial services (34 percent), followed by consulting (26 percent) and venture capital/private equity (22 percent).
MIT (Sloan): The median salary increased 10 percent from 2021 ($150,000) to 2022 ($165,000), while median total compensation increased by 4.7 percent to $204,700. Almost one-third graduates went into consulting (31 percent), followed by an even split between financial services (26 percent) and technology (26 percent).
Yale University SOM: The median salary increased 14 percent from 2021 ($140,400) to 2022 ($160,110), while median total compensation increased by 12.5 percent to $185,940. Nearly half of graduates entered into careers in consulting (46 percent), followed by financial services (22 percent) and CPG/retail (11 percent).
Columbia University: The median salary increased 16.7 percent from 2021 ($150,000) to 2022 ($175,000), while median total compensation increased by 14 percent to $203,252. Over one-third of graduates went into finance (37 percent) and consulting (34 percent), followed by media/tech (16 percent).
UC Berkeley (Haas): The median salary increased 4 percent from 2021 ($149,000) to 2022 ($155,000), while median total compensation increased by 3.7 percent to $179,696. About one-third of graduates entered into careers in technology (33 percent), followed by consulting (28 percent) and financial services (14 percent).
University of Michigan (Ross): The median salary increased 14.6 percent from 2021 ($144,000) to 2022 ($165,000), while median total compensation increased by about 12 percent to $192,270. Over one-third of graduates entered into consulting (42 percent), followed by technology (17 percent) and financial services (15 percent).
Note: At time of publishing, Stanford GSB’s class of 2022 employment profile was not available.
Related:
Downtown in MBA Program Applicant Volume Continues
Preliminary Reports Show Significant Increases for MBA Class of 2022 Starting Salaries