London MBA Lands $260K Year-End Bonus

London’s median salary in dollars–70,000 in British pounds–puts it just behind eight U.S. business schools last year and slightly ahead of Dartmouth Tuck, the University of Michigan, and Carnegie Mellon’s Tepper School (see below).

How London Business School’s Class of 2014 Compares

With Other Top Schools

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%
London	$117,836	$25,251	$20,575	$163,662	NA	NA
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%
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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