Harvard | Mr. Overrepresented MBB Consultant (2+2)
GMAT 760, GPA 3.95
Wharton | Mr. Big Four To IB
GMAT 750, GPA 3.6
Cornell Johnson | Mr. Electric Vehicles Product Strategist
GRE 331, GPA 3.8
Stanford GSB | Mr. Startup Guy
GMAT 760, GPA 3.3
Rice Jones | Mr. Tech Firm Product Manager
GRE 320, GPA 2.7
Harvard | Mr. Billion Dollar Startup
GRE 309, GPA 6.75/10
Chicago Booth | Mr. Mexican Central Banker
GMAT 730, GPA 95.8/100 (1st in class)
Harvard | Mr. Comeback Kid
GMAT 770, GPA 2.8
Harvard | Mr. Tech Risk
GMAT 750, GPA 3.6
Chicago Booth | Mr. Corporate Development
GMAT 740, GPA 3.2
Wharton | Ms. Strategy & Marketing Roles
GMAT 750, GPA 9.66/10
Harvard | Mr. Bomb Squad To Business
GMAT 740, GPA 3.36
Harvard | Mr. Big 4 To Healthcare Reformer
GRE 338, GPA 4.0 (1st Class Honours - UK - Deans List)
Foster School of Business | Mr. Corporate Strategy In Tech
GMAT 730, GPA 3.32
IU Kelley | Mr. Advertising Guy
GMAT 650, GPA 3.5
Duke Fuqua | Mr. IB Back Office To Front Office/Consulting
GMAT 640, GPA 2.8
Yale | Mr. Lawyer Turned Consultant
GMAT 730, GPA 3.7
Chicago Booth | Mr. Whitecoat Businessman
GMAT 740, GPA Equivalent to 3(Wes) and 3.4(scholaro)
MIT Sloan | Ms. Digital Manufacturing To Tech Innovator
GMAT 720, GPA 3.4
Cornell Johnson | Mr. Healthcare Corporate Development
GMAT 740, GPA 3.5
Columbia | Mr. Developing Social Enterprises
GMAT 750, GPA 3.75
Yale | Mr. Education Management
GMAT 730, GPA 7.797/10
Columbia | Mr. Neptune
GMAT 750, GPA 3.65
Darden | Ms. Education Management
GRE 331, GPA 9.284/10
Columbia | Mr. Confused Consultant
GMAT 710, GPA 3.2
Harvard | Ms. 2+2 Trader
GMAT 770, GPA 3.9
Harvard | Mr Big 4 To IB
GRE 317, GPA 4.04/5.00

Harvard & Wall St.: A Love Affair Ended

1Many of those finance types turned away by Harvard in 2011, by the way, went to Wharton which reported significantly larger numbers of incoming students with financial backgrounds. In fact, Wharton increased its finance intake to 42% from 37% the previous year–up five full percentage points. At a time when Harvard appeared to consciously reshape its incoming class to include greater numbers of young professionals from such industries as manufacturing, technology, consumer products and non-profits, Wharton boosted its intake of mainstream MBA candidates from the fields of consulting and investment banking (see Wharton Ups Finance & Consulting Admits). So watch for Wharton salaries this year to go up this year.

MORE HARVARD MBAS ARE NOW WORKING IN CONSULTING, TECHNOLOGY AND CONSUMER PRODUCTS

The shift away from finance–which resulted in a $5,000 fall in median starting salaries this year to $120,000–has meant that more MBAs are working in consulting, technology, consumer products and even non-profit and government jobs–all of which pay MBAs less money to start. Some 18% of this year’s class went into the technology industry, up from just 12% in 2012, while 7% went into the consumer products industry, up from a mere 3% last year, and 5% took jobs in the non-profit or government sectors, up from 3% in 2012.

Those industries tend to pay less than either consulting or financial services. The median starting salary in the technology sector, for example, was $115,000–$10,000 less than financial services and $20,000 less than consulting. The median base salary in consumer products was $100,000–$25,000 below financial services and $35,000 below consulting.

Yet, those base salary numbers only tell a very small part of the story. In the financial sector particularly, some of the greatest rewards come in signing bonuses and “other guarantee compensation” made to freshly minted MBAs. For Harvard grads who landed jobs in private equity and LBO firms this year, the total first-year compensation package could be as high as $311,000. In consulting, the comparative number is just $188,500; in technology, it’s $155,250; in consumer products, just $125,000, and in non-profit or government jobs, it’s a mere $90,000 (see tables below).

Harvard MBAs Are Walking Away From The Highest Paying Jobs….

Screen shot 2013-07-30 at 6.59.02 PM

…..And Into Other Jobs That Don’t Pay Nearly As Much

Screen shot 2013-07-30 at 7.01.22 PM

DON’T MISS: HARVARD STARTING SALARIES FALL BY $5,000 or WHAT HARVARD MBS MADE IN 2012