Tuck | Mr. Energy Saver
GMAT 760, GPA 8.98/10.0
Harvard | Mr. Croda International
GMAT 710, GPA 3.8
Chicago Booth | Mr. High GRE Low GPA
GRE 332, GPA 3.2
Harvard | Mr. French In Japan
GMAT 720, GPA 14,3/20 (French Scale), Top 10%
Harvard | Mr. Healthcare IT
GMAT 730, GPA 3.4
MIT Sloan | Mr. Auto Engineer
GRE 323, GPA 8.08/10
Harvard | Mr. Government Entrepreneur
GMAT 770, GPA 8.06/10
Cornell Johnson | Mr. Startup Experience
GMAT 700, GPA 8.1/10
Harvard | Mr. Strategy Consultant Middle East
GMAT 760, GPA 3.4
Wharton | Mr. MedTech PM
GMAT 770, GPA 3.58
MIT Sloan | Ms. Technology And Tax
GMAT Waiver at MIT, GPA 3.42
Kellogg | Mr. Sick To Fit
GMAT 730, GPA 3.5
NYU Stern | Ms. Indian PC
GRE 328, GPA 3.2
Wharton | Mr. Chemical Engineering Dad
GMAT 710, GPA 3.50
Kellogg | Mr. Energy Strategy Consultant
GMAT 740, GPA 2.4 undergrad, 3.7 Masters of Science
Harvard | Mr. Low GPA Ex-MBB
GMAT 750, GPA 3.0
Chicago Booth | Mr. Sustainable Minimalist
GMAT 712, GPA 7.3
Wharton | Mr. Non-Profit Researcher
GMAT 730, GPA 3.6
Kellogg | Mr. Another Strategy Consultant
GMAT 720, GPA 5.5/10
Harvard | Mr. Med Device Manufacturing
GRE 326, GPA 2.9
Columbia | Mr. Consultant Transitioning To Family Venture
GMAT 740, GPA 3.6
Wharton | Mr. First Generation College Graduate
GRE 324, GPA Low
Berkeley Haas | Ms. Want To Make An Impact
GMAT 710, GPA 3.7
Columbia | Mr. Pharmacy District Manager
GMAT 610, GPA 3.2
Ross | Mr. Military To Corporate
GRE 326, GPA 7.47/10
Harvard | Mr Big 4 To IB
GRE 317, GPA 4.04/5.00
Kellogg | Mr. Tech Consultant
GMAT 720, GPA 3.9

What Harvard MBAs Made This Year

Harvard Business School - Ethan Baron photo

Harvard Business School – Ethan Baron photo

One in five Harvard Business School MBAs accepted jobs in tech this year, a level not seen since the last tech boom in 1999 and 2000, just before the dot-com bust exploded. The school’s 2015 employment report, released today (Nov. 9), showed that tech firms attracted 20% of its Class of 2015, up from 17% last year.

A good part of the increase appears to be driven by the lure of startups to newly graduated MBAs. The number of HBS graduates accepting jobs with startups nearly doubled this year to 9% of the class, up from 5% a year earlier. The number of students starting their own companies also rose to 9% from 8% for last year’s graduating class. As is the case with students joining a startup, technology and financial services dominated among founders in terms of industry, but consumer products also saw growth.

The increased reach of technology made that industry only four percentage points lower than consulting, which drew 24% of the graduates. Only five years ago in 2011, just 11% of HBS’ graduates accepted offers from the technology industry. Those gains have largely been at the expense of Wall Street and financial services firms which landed 39% of the HBS class in 2011. Even so, the largest percentage of Harvard MBAs this year–31%–took jobs in financial services. Hedge funds, private equity shops and venture capital firms, which paid the highest median base salaries to HBS grads of $150,000 each–alone attracted 23% of this year’s graduating students.

THE MEDIAN FIRST YEAR COMPENSATION PACKAGE REACHED $151,211

Overall, it was a another strong year for Harvard MBAs. Students accepting full-time opportunities saw an increase in the median base salary to $130,000 from $125,000, the highest median base of any business school reporting this far this year. The median at Wharton and Chicago Booth is $125,000. It was the second year in a row that Harvard grads saw a $5K increase. Only two years ago, the median starting base salary at HBS was $120,000.

“The increase in compensation is driven by many industries, not just one, including consulting, manufacturing, retail, services, technology, and some financial services,” says Kristen Fitzpatrick, director of the school’s Career & Professional Development Office. All these sectors saw their median base salaries jump by at least $5,000.

Some 65% of the students received median sign-on bonuses of $25,000, while 19% reported other median guaranteed compensation of $26,000. Median total first-year compensation for HBS graduates reached $151,211 (The median is weighted by the proportion of graduates who reported a sign-on bonus and other guaranteed compensation, because not everyone in the class receives those extras).

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