Wharton | Mr. Digi-Transformer
GMAT 680, GPA 4
Stanford GSB | Ms. 2+2 Tech Girl
GRE 333, GPA 3.95
Stanford GSB | Ms. Healthcare Operations To General Management
GRE 700, GPA 7.3
Chicago Booth | Ms. CS Engineer To Consultant
GMAT 720, GPA 3.31
Kenan-Flagler | Mr. Engineer In The Military
GRE 310, GPA 3.9
Ross | Mr. Automotive Compliance Professional
GMAT 710, GPA 3.7
Chicago Booth | Mr. Oil & Gas Leader
GMAT 760, GPA 6.85/10
Stanford GSB | Mr. Seeking Fellow Program
GMAT 760, GPA 3
Wharton | Mr. Real Estate Investor
GMAT 720, GPA 3.3
Cornell Johnson | Ms. Chef Instructor
GMAT 760, GPA 3.3
Harvard | Mr. Climate
GMAT 720, GPA 3.4
Wharton | Mr. New England Hopeful
GMAT 730, GPA 3.65
Berkeley Haas | Mr. Bangladeshi Data Scientist
GMAT 760, GPA 3.33
Harvard | Mr. Military Banker
GMAT 740, GPA 3.9
Ross | Ms. Packaging Manager
GMAT 730, GPA 3.47
Chicago Booth | Mr. Private Equity To Ed-Tech
GRE 326, GPA 3.4
Harvard | Mr. Gay Singaporean Strategy Consultant
GMAT 730, GPA 3.3
Cornell Johnson | Mr. Electric Vehicles Product Strategist
GRE 331, GPA 3.8
Columbia | Mr. BB Trading M/O To Hedge Fund
GMAT 710, GPA 3.23
Columbia | Mr. Old Indian Engineer
GRE 333, GPA 67%
Harvard | Mr. Athlete Turned MBB Consultant
GMAT 720, GPA 3.4
Ross | Mr. Civil Rights Lawyer
GMAT 710, GPA 3.62
Stanford GSB | Mr. Co-Founder & Analytics Manager
GMAT 750, GPA 7.4 out of 10.0 - 4th in Class
Cornell Johnson | Ms. Environmental Sustainability
GMAT N/A, GPA 7.08
Cornell Johnson | Mr. Trucking
GMAT 640, GPA 3.82
Ross | Mr. Low GRE Not-For-Profit
GRE 316, GPA 74.04% First Division (No GPA)
Harvard | Mr. Marine Pilot
GMAT 750, GPA 3.98

Record Breaking MBA Pay At Stanford GSB

Stanford University Graduate School of Business - Ethan Baron photo

Stanford University Graduate School of Business – Ethan Baron photo

Newly minted MBAs from Stanford University’s Graduate School of Business landed record-breaking pay packages this year of $160,287. You read that sum correctly, but it is clearly worth repeating: $160,287.

The unprecedented pay day occurred as median base pay, which had been unchanged for four years, rose 4% to an all-time high of $130,000, while the median guaranteed annual bonus rose 67% to $52,500. Median sign-on bonuses for graduating MBAs of $25,000 remained unchanged. The school said that 44% of its graduates were given signing bonuses this year, while 37% reported other guaranteed compensation.

The median total compensation of $160,287 is 7.4% above last year’s already impressive $149,192 total and more than $9,000 ahead of this year’s bottom line comp number at Harvard of $151,211. The comp numbers are considerably higher than most other peer schools as well. At Wharton, the first-year total comp of $146,303 is nearly $14,000 lower. At Chicago Booth, where median total comp was $143,495, the first-year take is more than $16,500 lower.

Yet, these numbers are conservative estimates of the actual compensation many MBAs will ultimately receive. At Stanford, for example, the category “other guaranteed compensation” fails to include equity grants, stock options, tuition reimbursement, relocation expense reimbursement, auto allowance, profit sharing, or 401K match plans.

VENTURE CAPITAL, PRIVATE EQUITY & HEDGE FUNDS DROVE THE NUMBERS UP

The big reported numbers came as a result of sizable increases in offers from the financial sector, especially in venture capital, private equity, and hedge funds. The median base pay for Stanford MBAs taking jobs in VC firms was a whopping $175,000, with another $67,500 in other guaranteed compensation. For MBAs going the private equity/leverage buyout route, the median starting salary was $152,500, with a $25,000 sign-on bonus, and other guaranteed comp of $140,000.

A hefty 13% of Stanford’s class accepted jobs with PE and LBO firms, the highest percentage of any of the leading business schools, including those known for their dominance in finance. At Wharton, long a financial powerhouse, for example, just 6.9% of this year’s graduating MBAs went into PE and buyout careers. At Chicago Booth, also known for its finance prowess, 5.6% of this year’s class accepted jobs in private equity and LBO.

Hedge fund players brought their MBA recruitment game at Stanford to new levels, but recruited a smaller percentage of Stanford’s class: 5%. Though median base salaries were just a tick lower at $150,000 and no sign-on bonuses were paid, median other guaranteed compensation hit an extraordinary $220,000. Not surprisingly, the highest reported base salary in the class–$267,000 a year to start–as well as the highest guaranteed annual bonus–$250,000–went to MBAs who joined unidentified hedge funds in the Northeast.

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