Harvard | Mr. Strategy Consultant Middle East
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Wharton | Mr. Chemical Engineering Dad
GMAT 710, GPA 3.50
Cornell Johnson | Mr. Startup Experience
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Kellogg | Mr. Energy Strategy Consultant
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Harvard | Mr. French In Japan
GMAT 720, GPA 14,3/20 (French Scale), Top 10%
Harvard | Mr. Low GPA Ex-MBB
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Tuck | Mr. Energy Saver
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Harvard | Mr. Healthcare IT
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Chicago Booth | Mr. Sustainable Minimalist
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NYU Stern | Ms. Indian PC
GRE 328, GPA 3.2
Wharton | Mr. Non-Profit Researcher
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Harvard | Mr. Government Entrepreneur
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Kellogg | Mr. Another Strategy Consultant
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Harvard | Mr. Med Device Manufacturing
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Columbia | Mr. Consultant Transitioning To Family Venture
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Berkeley Haas | Ms. Want To Make An Impact
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Columbia | Mr. Pharmacy District Manager
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Kellogg | Mr. Tech Consultant
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MIT Sloan | Ms. Transportation Engineer Turn Head Of Logistics
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Wharton | Ms. M&A Tax To Saving The World (TM)
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Stanford GSB | Mr. Aspiring Unicorn Founder
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Stanford GSB | Mr. Resume & MBA/MS Program Guidance
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UCLA Anderson | Mr. Renewable Energy Sales Manager
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Darden | Ms. Structural Design Engineer
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London MBA Lands Highest Salary Of 2011

A student from the London Business School has landed what is likely to be highest starting salary of the year for a graduating MBA: a whopping $552,681-a-year job in the corporate sector in Australia.

That sum easily beats the highest reported salary by a Class of 2011 MBA in the U.S. A Wharton graduate won that distinction by getting a job with an annual base salary of $375,000. Even so, it’s possible that the London grad failed to top a Stanford MBA’s total compensation package this year estimated at $675,000, including a half-million-dollar guaranteed bonus, from a hedge fund.

The London number appears in the just released 2011 employment report for the school which graduated a class of 403 MBAs this year. London also reported that the highest sign-on bonus and year-end bonus was paid to students who went into the finance arena, $63,953 and $196,669, respectively.

Overall, LBS grads this year earned average base salaries of $121,206 and median salaries of $114,724. Those numbers are highly competitive with the very best business schools in the U.S. This year’s median at Stanford is $125,000, while the median at Harvard Business School and the University of Pennsylvania’s Wharton School is $120,000.

London said its MBAs gained median sign-on bonuses of $24,584 and median year-end bonuses of $20,181. That compares very favorably with this year’s median signing bonuses of $20,000 and year-end bonuses of $30,000 at Wharton, according to the school’s preliminary reports.

The highest median salaries at London were earned by graduates who went into consulting: $118,102. That compared with $111,820 for MBAs who landed jobs in finance and $110,102 for those who got jobs in other corporate sectors. Financial companies, however, were far more genrous with bonus money. The sign-on bonuses in finance were a median $36,056, well in excess of the $24,584 in consulting or the $20,000 in the corporate sector. The year-end bonuses in finance were a median $63,953, compared with $20,181 in consulting and $20,000 in the corporate sector.

For the first time in several years, the largest single chunk of London’s Class of 2011 headed into consulting. Some 36% of the school’s graduates, up sharply from 25% last year, were scooped up by the likes of McKinsey & Co., Boston Consulting Group, Bain & Co., A.T. Kearney, Accenture, Booz & Co. and other consulting firms (see table on next page). Some 34% of London’s MBAs ventured into finance, down from 38% in 2010, while 30% gained jobs in other corporate sectors, down from 37% last year.

“Although this is the first time in several years that the majority of our full-time MBA graduates have gone into consulting, the transition data indicates that a smaller percentage have changed sectors this year,” wrote Fiona Sandford, director of Career Services at London. She noted that 55% of those with roles in consulting had a previous background in the field, compared to 42% last year. “This suggests that in times of uncertainty it becomes harder to change sectors of employment as organizations prefer to recruit tose with experience in their field.”

HIGHEST PAID MBAS IN 2011

HIghest Paid 2011 Base Salaries School Job Location
$552,681 London Corporate Australia
$375,000 Wharton Unknown Unknown
$300,000 Stanford General Management U.S.
$300,000 Chicago (Booth) Private Equity NA
$300,000 Columbia Hedge Fund New York
$250,000 Kellogg Private Equity NA
$250,000 Duke (Fuqua) Investment Banking Northeast
$200,000* Harvard Unknown New England
$166,800 MIT (Sloan) Consulting Europe
$160,000 Virginia (Darden) Law Mid-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.

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