London Business School | Mr. Engineering To IB
GMAT 770, GPA 3.43
London Business School | Ms. Private Equity Angel
GMAT 660, GPA 3.4
London Business School | Mr. Soccer Club
GMAT 730, GPA 3.3 (85th Percentile), First Class Standing.
London Business School | Ms. Audit Meme
GMAT 710, GPA 3.5
Stanford GSB | Mr. Healthcare AI
GRE 366, GPA 3.91
Chicago Booth | Mr. Corp Dev
GMAT 730, GPA 3.34
USC Marshall | Mr. Supply Chain Guru
GMAT GMAT Waiver, GPA 2.6
Chicago Booth | Mr. Non-Profit Latino
GMAT 710, GPA 3.06
INSEAD | Ms. Social Business
GMAT 750, GPA 4.0
Harvard | Ms. Risk-Taker
GRE 310 (to retake), GPA 3 (recalculated)
HEC Paris | Ms. Freelancer
GMAT 710, GPA 5.3
Harvard | Mr. Hedge Funder
GMAT 790, GPA 3.82
Harvard | Mr. Fresh Perspective
GRE 318, GPA 3.0
Kellogg | Mr. Danish Raised, US Based
GMAT 710, GPA 10.6 out of 12
Harvard | Mr. Green Energy Revolution
GMAT 740, GPA 3.4
Harvard | Mr. MPP/MBA
GRE 325, GPA 3.6
Harvard | Ms. Analytical Leader
GMAT 760, GPA 3.9
Stanford GSB | Mr. MBB to PM
GRE 338, GPA 4.0
Stanford GSB | Mr. Technopreneur
GRE 328, GPA 3.2
Berkeley Haas | Mr. Hanging By A Thread
GMAT 710, GPA 3.8
London Business School | Mr. College Dropout
GMAT 690, GPA NA
Harvard | Mr. MBB Latino Engineer
GMAT 710, GPA 3.75
Stanford GSB | Ms. Top Firm Consulting
GMAT 710, GPA 3.7
INSEAD | Mr. Truth
GMAT 670, GPA 3.2
INSEAD | Mr. Powerlifting President
GMAT 750, GPA 8.1/10
Harvard | Mr. Mojo
GMAT 720, GPA 3.3
Ross | Mr. Law To MBA
GRE 321, GPA 3.77

MIT’s Sloan School vs. Harvard Business School

Jobs and Pay:

The Class of 2009 graduated into one of the worst job markets in recent memory. As the stats show, roughly 30% of Sloan School grads didn’t have jobs at commencement. Harvard fared much better, but even the HBS numbers weren’t comforting: nearly a quarter of the class lacked jobs at graduation. Grads from both schools fared much better three months after commencement, but these numbers are rare lows for the two of the best business schools in the world. Starting pay for MIT grads is fifth highest among U.S. B-schools, after Stanford, Harvard, Dartmouth, Northwestern, and Michigan. The estimates of median pay 20 years out and over a full career come from a study by PayScale done for BusinessWeek and do not include stock options or equity stakes by entrepreneurs.

Job & Pay DataMITHarvard
Starting salary & bonus$125,707$131,219
MBAs employed at commencement69.5%76.8%
MBAs employed 3 months after commencement83.4%87.3%
Estimated median annual pay & salary 20 years out$176,000$230,000
Estimated median pay & bonus over a full career$3,049,280$3,867,903

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Where MBAs Go:

With Wall Street in near total collapse during 2009, the big, global consulting firms stepped up to take a large percentage of the best graduates at the top business schools. This was especially true at both Harvard and MIT which saw record numbers of MBAs go into prestige management consulting positions. More than a third of MIT’s graduating class of 2009 took consulting jobs, three times as many at those who went into investment banking.

Industry MITHarvard
Consulting33.2%26%
Investment Banking11.3%6%
Software/Internet10.1%4%
Computers/Electronics7.7%3%
Investment Management4.9%5%
Autos/Aerospace4.5%1%
Healthcare/Pharma4.0%7%
Oil/Energy3.6%2%
Financial Services3.2%4%
Starting Own Business3.0%3%
Retail2.8%3%
Hedge Funds, VC, PE2.8%16%
Telecom2.4%NA
Consumer Packaged Goods1.6%5%
Transportation/Defense1.2%2%
Non-profit/Government0.8%7%
Media/Entertainment0.4%4%

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Who Hires Who:

Unfortunately, Harvard is one of the very few business schools which declines to report on its major employers. As a result, it’s not known which firms hire the most Harvard MBAs, though you can be sure that the elite MBA players, McKinsey, BCG, Bain, Monitor, Goldman Sachs, Morgan Stanley, and JPMorganChase are high on top of the list. Truth is, it’s hard to imagine a better degree that opens doors more widely than a Harvard-stamped MBA. At MIT, the big, major consulting firms carted away the largest groups of students, making McKinsey, Bain, BCG, and Deloitte the top four employers of Class of 2009 Sloanies. Not surprisingly, technology companies love MIT as a primary hunting ground: Amazon, Apple, Microsoft, Cisco, and United Technologies all hired five or more of Sloan’s MBAs; Amgen, Biogen, British Telecom, Genzyme, Google, Hubspot, IBM, Infosys, Intel, and Novell all hired three to four grads each. (MIT does not breakout specific numbers of hirers for companies that employ fewer than five of its graduates).

Hiring CompanyNumber of Hiresat MITNumber of Hiresat HBS
McKinsey & Co.24NA
Bain & Co.10NA
Boston Consulting Group8NA
Deloitte Consulting7NA
Amazon.com6NA
Barclays Capital6NA
Apple6NA
Microsoft6NA
Cisco Systems5NA
Fidelity5NA
Goldman Sachs5NA
L.E.K. Consulting5NA
United Technologies5NA

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.