All-Time Record Pay For Stanford MBAs

CAREER SWITCHING THE NORM AT STANFORD FOR MBAS

The school also released more detailed data on the percentage of MBAs who are using the degree to transition into new career paths. “Our data shows that students are using their time at Stanford GSB to switch gears in their career — not just along one or two dimensions such as industry and function,” says Feinberg. “It turns out a significant proportion of our 2016 graduates also changed geography and/or level of responsibility.”

“We’ve observed this qualitatively in the past. This year we set out to measure it,” adds Richard. In the Class of 2016, 86% pivoted in at least one aspect of their pre-MBA career. Excluding sponsored students and entrepreneurs, 57% reported changing industry, 61% function, 55% location, and 43% level of responsibility. The sum exceeds 100% since some students had more than one change.

“Managing one or two pivots is difficult,” says Richard. “But a sizeable group of our 2016 graduates switched three or four.” Those reporting making one change represented 17%; two changes, 24%; three changes, 30%; four changes 15%. Only 15% of job seekers reported no significant change in any dimension.

MAJORITY OF STANFORD MBAS STAY IN THE WEST

Stanford said that the U.S. West continued to draw a majority of its graduates. At 65%, however, only 41% of these jobs related to tech. The top three industries in the U.S. West were: consulting, 14%; software, 11%; and venture capital, 9%.

An indication that the location of technology is broadening, jobs in Northern California dropped by 3% to 56% despite the record acceptances in tech. The Northeast, unchanged from last year, drew 17%. International jobs rose 3 points to 10%.

The report covers 290 of the 413 students in the Class of 2016, excluding company-sponsored graduates, entrepreneurs, and those who are continuing their education or have postponed a job search. International graduates without a work visa found slightly more difficult to land jobs than domestic MBAs. Stanford said that 68% of internationals had job offers at graduation vs. 75% for U.S. citizens. Three months later, however, the results were pretty much even: A 91% job offer rate for internationals vs. 90% for domestics. The median base salary was also $5,000 lower for internationals at $135,000.

For Stanford MBAs taking jobs outside North America, the median salary was $107,148—nearly $33,000 less than for jobs in North America. The median sign-on bonus was $30,000, $5K more than the class average. The highest salary reported for an international job was $200,000 for a position in Asia.

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