Harvard | Mr. Consumer Goods Senior Manager
GMAT 740, GPA 8.27/10
Berkeley Haas | Mr. Evolving Teacher
GRE 328, GPA 3.26
Columbia | Mr. Indian I-Banker
GMAT 740, GPA 8.63
Cornell Johnson | Ms. Chef Instructor
GMAT 760, GPA 3.3
UCLA Anderson | Ms. Tech-y Athlete
GRE , GPA 3.63
Harvard | Mr. Deferred Financial Poet
GMAT 710, GPA 3.68
Harvard | Mr. Lieutenant To Consultant
GMAT 760, GPA 3.7
Berkeley Haas | Ms. EV Evangelist
GRE 334, GPA 2.67
Wharton | Ms. Product Manager
GMAT 730, GPA 3.4
Wharton | Mr. Indian Engineer + MBA Now In Consulting
GMAT 760, GPA 8.7 / 10
Chicago Booth | Mr. EduTech
GRE 337, GPA 3.9
Cornell Johnson | Mr. Indonesian Salesperson
GMAT 660, GPA 3.49
Berkeley Haas | Mr. LGBT+CPG
GMAT 720, GPA 3.95
McCombs School of Business | Ms. Tech For Non-Profits
GRE 312, GPA 3.2
Harvard | Mr. Combat Pilot Non-Profit Leader
GRE 329, GPA 3.73
UCLA Anderson | Mr. Actual Poet
GMAT 720, GPA 12.0/14
MIT Sloan | Mr. Indian Healthcare Analytics
GMAT 720, GPA 7.8
Harvard | Mr. Healthcare Administration & Policy Latino Advocate
GRE 324, GPA 3.4
Cornell Johnson | Mr. Asian Mexican Finance Hombre
GMAT 650, GPA 2.967
Stanford GSB | Mr. Filipino Startup
GMAT 710, GPA 3.7
Columbia | Mr. Fintech Data Scientist
GMAT 710, GPA 3.66
Tuck | Mr. Opportunities In MBB
GMAT 710, GPA 3.4
Stanford GSB | Mr. Co-Founder & Analytics Manager
GMAT 750, GPA 7.4 out of 10.0 - 4th in Class
Harvard | Mr. Strategy For Social Good
GRE 325, GPA 3.5
MIT Sloan | Mr. Spaniard
GMAT 710, GPA 7 out of 10 (top 15%)
NYU Stern | Ms. Hopeful NYU Stern Marketing Ph.D.
GRE 297, GPA 2.8
Harvard | Mr. Strategy Consultant Middle East
GMAT 760, GPA 3.4

Where The Healthcare Industry Gets Its MBAs

Andy Alderman of Cardinal Health speaks to Health Sector Management Bootcamp orientation at Fuqua School of Business join 2015. In a poll of 32 elite programs, Fuqua graduated the third-most number of healthcare-bound MBAs in 2016. Courtesy photo


Median base salaries for newly hired healthcare MBAs top out at $125,000, a plateau achieved by three schools: Wharton, Harvard, and Stanford. All three also report median sign-on bonuses of $20,000. The highest reported median bonus came from UCLA Anderson School of Management, at $30,000; Duke reported a median bonus of $27,500, and both Cornell University’s Johnson Graduate School of Management and the University of Virginia’s Darden School of Business reported mean bonuses of more than $25,000.

In terms of salary, after the big three came some usual suspects. One school, Haas, reported a median base salary of $123,500, while three schools reported median base salaries of $120,000: Columbia Business School, Dartmouth University Tuck School of Business, and MIT Sloan School of Management.

Northwestern University Kellogg School of Management reported a median base salary of $118,498. Most schools were in the $100,000-to-$110,000 range in median or mean base salaries. Vanderbilt’s Owen School saw its healthcare MBAs achieve among the lowest median salaries in the field, at $105,000, which is probably another indicator of the market in “small-town” Nashville. The lowest reported base salary at a U.S. B-school was at Georgetown University McDonough School of Business, a mean of $92,171.


Europe, of course, has an altogether different healthcare landscape than the U.S. That may explain why none of the five schools P&Q examined saw more than 5% of their 2016 MBAs go into that industry — and why those who did made less than almost all of their U.S.-graduated counterparts.

Two Madrid, Spain-based schools, IE Business School and IESE, paced the European schools at 5%, but both had quite low salaries, even in comparison with their continental counterparts: a median of US$76,128 at IESE, with a median sign-on bonus of US$29,150, and a mean of US$70,128 at IE (no reported median or mean bonus). Compare that to the median salary at INSEAD (US$94,600) or the mean at London Business School (US$99,477).

It also seems that healthcare as a path for MBAs is not exactly catching on in Europe. IESE’s 5% is down from 6.2% in 2015, HEC Paris’ 2% is down from 4% last year, and IE’s 5% is down from 4%. Base salaries at the Spanish schools fell by small amounts, too.


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