Highest & Lowest Paid MBAs of 2014

Median Pay & Job Offers For The Class of 2014

School	Median Base	Sign-on Bonus	Other Bonus	Jackpot	Graduation Offers	Offers 3 Months Later
Harvard	$125,000	$25,000	$34,700	$184,700	88%	93%
Stanford	$125,000	$25,000	$31,500	$181,500	80%	94%
Wharton	$125,000	$25,000	$27,000	$177,000	88%	98%
MIT Sloan	$124,400	$25,000	$20,000	$169,400	85.9%	94.6%
Kellogg	$120,000	$25,000	——	$145,000	85.0%	94.0%
Chicago	$120,000	$25,000	$26,000	$171,000	89.8%	98.0%
UC-Berkeley	$120,000	$26,865*	$31,107*	$177,972	79%	92%
Columbia	$119,400	$25,000	$22,390	$166,790	83%	97%
Dartmouth (Tuck)	$116,000	$25,000	$25,000	$166,000	91%	98%
Michigan (Ross)	$115,000	$25,000	$16,750	$156,750	89%	93%
Carnegie Mellon (Tepper)	$113,250	$25,000	$10,000	$148,250	79%	90%
Duke (Fuqua)	$111,000	$25,000	$15,000	$151,000	87%	94%
Yale	$110,000	NA	$35,000	$145,000	80%	93%
New York (Stern)	$110,000	$30,000	$20,000	$160,000	81%	94%
UCLA (Anderson)	$110,000	$25,000	$15,000	$150,000	75%	90%
Virginia (Darden)	$110,000	$25,000	$9,500	$144,500	89%	94%
Cornell (Johnson)	$106,000	$25,000	$12,500	$143,500	87%	92%
UNC (Kenan-Flagler)	$100,000	$25,000	$16,625	$141,625	81%	92%
Texas-Austin (McCombs)	$105,000	$25,000	$12,600	$142,600	80%	94%
Indiana (Kelley)	$104,000	$20,000	$11,000	$135,000	84%	93%
Emory (Goizueta)	$100,000	$25,000	$12,500	$137,000	90.4%	98.0%
Vanderbilt (Owen)	$100,000	$15,000	$12,000	$127,000	83%	94%
Washington (Olin)	$100,000	$15,000	NA	$115,000	86%	97%

Source: Business school employment reports & P&Q reporting

Notes: Jackpot refers to graduates receiving the median of all three forms of compensation: salary, signing bonus, and other year-end guaranteed bonus. Not all graduates are given all three. At Stanford, for example, sign-on bonuses this year were collected by half the class, while 38% of the MBAs received other year-end guaranteed compensation. An asterisk indicates average numbers rather than medians. An asterisk indicates a mean, rather than median, number.

Differences in pay often reflect industry choices and geography. Stanford’s higher median base can largely be attributed to the fact that 12% of this year’s class went into private equity, which currently pays the most lucrative comp packages to MBAs. The median PE starting base salary this year was $170,000. At Tuck, for example, only 4% of this year’s class went into private equity and the base for those PE jobs was just $120,000.

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