Kellogg | Mr. Concrete Angel
GRE 318, GPA 3.33
Chicago Booth | Mr. Healthcare PM
GMAT 730, GPA 2.8
INSEAD | Mr. Product Manager
GMAT 740, GPA 63%
Kellogg | Ms. Sustainable Development
GRE N/A, GPA 3.4
UCLA Anderson | Mr. SME Consulting
GMAT 740, GPA 3.55 (as per WES paid service)
Chicago Booth | Mr. Unilever To MBB
GRE 308, GPA 3.8
Harvard | Mr. Finance
GMAT 750, GPA 3.0
Harvard | Mr. Defense Engineer
GMAT 730, GPA 3.6
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

Strong Pay & Job Stats In First 2014 Report

olin business school job placement

Washington University – Danforth University Center

When business schools begin reporting their pay and placement stats for the Class of 2014, what can you expect?

By and large, starting salaries and sign-on bonuses are expected to remain relatively stable. Greater numbers of MBA grads are going into the technology and finance industries. And more of them will have gotten their full-time offers as a result of summer internships and alumni, faculty and staff networks–as opposed to on-campus recruiting events.

That’s the earliest reading of the tea leaves from Washington University’s Olin School of Business, the first of the top business schools to report data on the Class of 2014. Most business schools will begin reporting their stats later in the fall. The Olin numbers, though based on a relatively small MBA class of 140 students, are a harbinger of pretty good news for the MBA employment front.


This year’s Wash U MBAs landed median base salaries of $100,000, exactly the same as last year, with median sign-on bonuses of $15,000, also equal to last year’s bonus number. This is the first year in the past four that median pay stayed the same. Last year, median base was up $5,000 from $95,000 in 2012, which was up from $90,000 in 2011. Some 96% of the class accepted a job offer within three months of graduation.

Source: Washington University Olin School 2014 employment report for MBAs

Source: Washington University Olin School 2014 employment report for MBAs

The highest reported starting salary for Olin’s class was $135,000 for a management consulting job. That’s just about the same as highest pay received by a class member in 2013 when one MBA landed a marketing job paying $137,500 to do business development for an unnamed company.

The more compelling trends this year have to do with how MBAs are getting their jobs and who’s hiring them. This year, Olin reported that internships were the source of job offers for 42% of the graduating class of MBAs, up from 35% a year earlier. (see table above). Alumni, faculty and staff connections helped graduates in 16% of the cases, up from 12% last year. Students who actually got their jobs through on-campus recruiting declined to just one in five, 20% this year compared to 24% last year.


Source: Washington University Olin School 2014 employment report for MBAs

Source: Washington University Olin School 2014 employment report for MBAs

Jobs in finance, which has been making a slow recovery since the Great Recession, had a fairly sizable pickup. Some 21% of Olin’s MBAs this year went into finance, up five full percentage points from the 16% who took that route in 2013 (see chart at right). It was the single biggest industry shift in MBA jobs. Tech firms also hired more of the school’s graduates, gobbling up 11% of the class, up from 8% last year. Also up slightly were jobs in consumer products (17% vs. 16%), healthcare and pharma (16% vs. 15%). Consulting was down by two full percentage points to 9% from 11% a year earlier, while manufacturing was also down (9% from 10%).

The industry paying the highest median salaries at Olin was energy and petroleum, which attracted 7% of the class with median pay of $112,500. It was followed by financial services ($110,000) and consulting ($100,000), All other industry sectors paid Olin MBAs starting salaries below six-figures (see table below).

Source: Washington University Olin School 2014 employment report for MBAs

Source: Washington University Olin School 2014 employment report for MBAs


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.