Chicago Booth | Mr. Healthcare PM
GMAT 730, GPA 2.8
Chicago Booth | Mr. Unilever To MBB
GRE 308, GPA 3.8
Stanford GSB | Ms. Quadrilingual Amazon
GMAT 710, GPA 3.9
INSEAD | Mr. Product Manager
GMAT 740, GPA 63%
Kellogg | Ms. Sustainable Development
GRE N/A, GPA 3.4
Harvard | Mr. Finance
GMAT 750, GPA 3.0
Harvard | Mr. Defense Engineer
GMAT 730, GPA 3.6
Kellogg | Mr. Concrete Angel
GRE 318, GPA 3.33
Wharton | Mr. Future Non-Profit
GMAT 720, GPA 8/10
Harvard | Mr. Military Quant
GMAT 730, GPA 3.6
Harvard | Mr. Healthcare PE
GRE 340, GPA 3.5
Harvard | Ms. Female Sales Leader
GMAT 740 (target), GPA 3.45
Harvard | Mr. Renewables Athlete
GMAT 710 (1st take), GPA 3.63
Kellogg | Ms. Big4 M&A
GMAT 740, GPA 3.7
Duke Fuqua | Mr. Army Aviator
GRE 314, GPA 3.8
Harvard | Ms. Gay Techie
GRE 332, GPA 3.88
INSEAD | Mr. INSEAD Aspirant
GRE 322, GPA 3.5
Chicago Booth | Ms. Indian Banker
GMAT 740, GPA 9.18/10
MIT Sloan | Ms. Rocket Engineer
GMAT 710, GPA 3.9
Stanford GSB | Mr. Army Engineer
GRE 326, GPA 3.89
Duke Fuqua | Mr. Salesman
GMAT 700, GPA 3.0
Tuck | Mr. Liberal Arts Military
GMAT 680, GPA 2.9
Columbia | Mr. Energy Italian
GMAT 700, GPA 3.5
Duke Fuqua | Mr. Quality Assurance
GMAT 770, GPA 3.6
Harvard | Mr. African Energy
GMAT 750, GPA 3.4
NYU Stern | Ms. Luxury Retail
GMAT 730, GPA 2.5
Stanford GSB | Ms. Russland Native
GMAT 700, GPA 3.5

Year’s Highest Paid MBA: $675K To Start

At MIT Sloan, the highest paid MBA landed a consulting job in Europe that pays $166,800 a year, 39% above the school’s median for consulting gigs. At the University of Virginia’s Darden School, the top paying gig was landed by a graduate with a dual degree from the university’s business and law schools. He went to work for a law firm for a base salary of $160,000 in the Mid-Atlantic.

Though Wharton is not expected to release its 2011 employment report until the week of Dec. 12th, preliminary data shows that one Wharton grad snagged a $300,000 bonus this year. In this case, it was a signing bonus. The school also reported that the highest starting salary for an MBA at Wharton this year was $375,000, the highest yet reported by any school, while the highest guaranteed bonus was $230,000. Further detail is not available at this stage until the employment report is released.

Harvard Business School attempts to play down their highest paid grads by reporting the compensation highs for what it calls the 75th percentile, excluding the numbers for the top 25% of the highest income earners. This year, Harvard said the 75th percentile was for an MBA in New England with a base salary of $200,000. The school did not identify the industry in which the MBA works.

HIGHEST SALARIES TEND TO BE PAID BY PRIVATE EQUITY AND HEDGE FUNDS

By and large, the highest-starting salaries these days are being paid by private equity firms and hedge funds which recruit far fewer MBAs than the elite consulting firms and investment banking partnerships that buy MBAs in the boatloads. Among the largest private equity players, TPG Capital and Kohlberg Kravis Roberts (KKR) are known as the highest paying PE shops.

Not far behind, according to a recruiter for a top private equity firm, are Blackstone, Bain Capital, Carlyle Group, Providence, and Apollo. Even so, median pay in private equity isn’t nearly as large as these big numbers. At Harvard, the median salary for an MBA going into private equity this year was $130,000 while those gaining jobs in the hedge fund field gained median base salaries of $150,000.

Highest Reported Base Salaries For MBAs in 2011

HIghest Paid 2011 Base SalariesSchoolJobLocation
$375,000WhartonUnknownUnknown
$300,000StanfordGeneral ManagementU.S.
$300,000Chicago (Booth)Private EquityNA
$300,000ColumbiaHedge FundNew York
$250,000KelloggPrivate EquityNA
$250,000Duke (Fuqua)Investment BankingNortheast
$200,000*HarvardUnknownNew England
$166,800MIT (Sloan)ConsultingEurope
$160,000Virginia (Darden)LawMid-Atlantic

SOURCE: Business school employment reports. An asterisk for Harvard indicates that the school only releases compensation figures at the 75th percentile of a range of figures.

DON’T MISS: THE HIGHEST PAID MBAS OF 2010 or STANFORD MBAS SNAG HIGHEST STARTING SALARIES OF 2011

 

 

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.