Record Breaking MBA Pay At Stanford GSB

Median total starting pay: A record $160,283

StanfordGSB

INDUSTRY CHOICES SHOWED AN UPTICK FOR HEALTHCARE

While interest in consulting continued to slip, falling for the fifth consecutive year, healthcare gained two points to 6% (see chart on following page). The combined consumer-related categories of consumer packaged goods, retail, and hospitality slipped a notch to 7%; similarly, the combined categories of nonprofit and government dropped a point to 6%.

Stanford said that out of 355 organizations that hired Stanford MBAs for summer and full-time positions, 93% hired just one or two students (see chart above).

ROUGHLY 16% OF THE CLASS DID THEIR OWN STARTUPS THIS YEAR

As in the previous two years, this year’s employment report includes a closer look at those who launched their own ventures. These entrepreneurs, excluded from job-seeking and compensation data in compliance with guidelines set by the MBA Career Services and Employer Alliance (CSEA), comprise 16% of the Class of 2015, down slightly from the 18% all-time high in 2013. The top three categories in which they launched ventures were consumer products and services, 14%; healthcare, 10%; and finance, 9%.

While a 60% majority of the entrepreneurs stayed on the West Coast, 28% started their companies outside the U.S. Notably, the percentage of international entrepreneurs (20% of the class) outpaced the percentage of U.S. entrepreneurs (15%). As an alternative to starting their own companies, many internationals were interested in joining startups. But the tendency for these employers to hire “just in time,” coupled with an H-1B visa process that does not favor startups, made the search process more difficult for international students. Job acceptances three months out decreased to 82% from 89% last year. “This job-seeking pool is such a small size, the actions of a handful of students constitute the percentage difference,” said Richard.

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