The M7: The Super Elite Business Schools By The Numbers

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Pay, Placement & Industry Choices Of M7 Graduates

 
The payoff of an M7 education is indisputable. There are few educational degrees, with the exception of a degree in computer science, that payoff as quickly as an MBA from one of these top schools and–more importantly–builds on its value over the course of a career. The first-year compensation package for M7 grads tends to be above $150,000, once you include a sign-on bonus, other year-end compensation, and possible stock options and perks that schools don’t even bother to tally.

Where M7 grads actually end up varies by school, but all of these institutions have world-class companies and organizations regularly recruiting their MBAs.

The Pay & Placement Rates For M7 MBAs

Stats Harvard Stanford Wharton Columbia MIT Chicago Kellogg
20-Year Pay $3,233,000 $3,011,000 $2,989,000 $2,796,000 $2,723,000 $2,558,000 $2,544,600
2014 Median Salary $125,000 $125,000 $125,000 $119,400 $124,400 $120,000 $120,000
2014 Median Sign-On Bonus $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000
2014 Median Other Comp $34,700 $31,500 $27,000 $22,390 $20,000 $26,000 ——–
2014 Median Total Comp $184,700 $181,500 $177,000 $166,790 $169,400 $171,000 $145,000
2014 Offers at Graduation 88% 80% 88% 83% 86% 90% 85%
2014 Offers 3 Months Later 93% 94% 98% 97% 95% 98% 94%

Source: Business school employment reports & Payscale

Notes: 20-year income estimates are by Payscale and reflect historical income up to 2013 and not future income; 2014 median total is comp reflects all three key pay components together, though not all graduates receive all three

How Industry Choices In 2014 Compare Across the M7 Schools

Industry Kellogg Harvard Stanford Wharton Chicago Columbia* MIT
Consulting 35% 23% 16% 26% 28% 34% 34%
Finance 14% 33% 29% 36% 36% 35% 14%
Technology 18% 17% 24% 14% 14% 12% 26%
Consumer Products/Retail 14% 7% 8% 10% 8% 6% 11%
Healthcare 6% 5% 4% 6% 2% 2% 6%
Manufacturing 5% 5% 1% 2% 2% 1% 3%
Energy 2% 2% 2% 2% 3% —— 2%
Media/Entertainment 1% 3% 4% 2% 2% 2% 2%
Non-Profit/Government 1% 3% 6% 2% 2% 2% —–
Real Estate 1% 2% 2% 2% 1% 3% —–
Starting A Business 5% 8% 17% 7% 2% 3% 7%

Source: 2014 school employment reports

Notes: * Indicates that the school includes sponsored students in its numbers. If Columbia subtracted out the sponsored students in consulting, for example, the percentage going into that industry would fall to 26% from 34%. Some categories are not always exactly the same across the schools.

The M7 Alumni Networks

Stats Stanford Harvard Wharton Chicago Columbia Kellogg MIT
Total Living Alumni 18,142 80,917 43,144 48,968 42,361 46,675 12,122
Active Alumni Clubs 92 106 73 91 71 70 7
Countries With Alumni Clubs 36 48 36 40 39 57 4
Fortune 500 CEO Alums 10 40 13 7 4 6 2

Source: P&Q analysis