Emory Goizueta | Mr. Multimedia
GRE 308, GPA 3.4
Harvard | Mr. Healthcare Fanatic
GMAT 770, GPA 3.46
Harvard | Mr. Sovereign Wealth Fund
GMAT 730, GPA 3.55
Harvard | Mr. Smart Operations
GMAT 760, GPA 4.0
Darden | Mr. Strategy Manager
GRE 321, GPA 3.5
Ross | Mr. Airline Engineer
GMAT 730, GPA 3.73
Stanford GSB | Mr. Corporate VC Hustler
GMAT 780, GPA 3.17
Wharton | Mr. Marketing Director
GMAT 710, GPA 3.3
Ross | Ms. Healthcare Startup
GRE 321, GPA 3.51
Kellogg | Mr. Real Estate Finance
GMAT 710, GPA 3.0
Georgetown McDonough | Ms. Air Force
GMAT 610, GPA 3.8
Stanford GSB | Mr. JD To MBA
GRE 326, GPA 3.01
Harvard | Mr. MacGruber
GRE 313, GPA 3.7
Berkeley Haas | Mr. Poet At Heart
GMAT 740, GPA 3.7
Yale | Mr. Ukrainian Biz Man
GRE 310, GPA 4.75 out of 5
Darden | Mr. Former Scientist
GMAT 680, GPA 3.65
Stanford GSB | Mr. Sustainable Business
GRE 331, GPA 3.86
Wharton | Mr. Microsoft Consultant
GMAT N/A, GPA 2.31
Yale | Ms. Impact Investing
GRE 323, GPA 3.8
Cornell Johnson | Ms. Food Waste Warrior
GMAT Not written yet (around 680), GPA 3.27
Stanford GSB | Ms. Future Tech Exec
GMAT 750, GPA 3.4
Kellogg | Mr. Finance To Education
GMAT 730, GPA 3.4
Rice Jones | Mr. Back To School
GRE 315, GPA 3.0
Columbia | Mr. Aussie Military Man
GMAT 710, GPA 3.0 (rough conversion from Weighted Average Mark)
Harvard | Mr. Hopeful Philanthropist
GMAT 710, GPA 3.74
Stanford GSB | Mr. FinTech
GMAT Not Taken Yet, GPA 3.5
UCLA Anderson | Mr. Analytics Man
GMAT 740, GPA 3.1

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 SalariesSchoolJobLocation
$552,681LondonCorporateAustralia
$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.

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.