The Highest-Paid MBA Grads At The Top 25 B-Schools by: Marc Ethier on March 25, 2020 | 70,463 Views March 25, 2020 Copy Link Share on Facebook Share on Twitter Email Share on LinkedIn Share on WhatsApp Share on Reddit Last year, after graduating from Columbia Business School, an MBA from the United States went to work in finance with a starting base salary of $375,000. Not counting bonuses or other compensation, that person was the single highest-paid MBA coming out of B-school in either 2018 or 2019 — a member of a class that years from now may be remembered as the last in some time to enjoy the semblance of a normal job search. Not everyone made $300K coming out of B-school — in fact only a handful did — but for most Class of 2019 MBAs from the top 25 B-schools in the U.S., the job search went well. For others it went even better. One graduate from Duke University Fuqua School of Business pulled in $325,000 for a finance/accounting job in the West; a Harvard Business School MBA accepted a marketing/sales position in the energy industry in the Southwest for a starting salary of $315,000; and The Wharton School at the University of Pennsylvania, Stanford Graduate School of Business, and Northwestern University Kellogg School of Management each reported at least one graduate with a high salary of $300,000. On the spectrum’s other end, someone graduating from HBS took a general management job in healthcare for $14,000; and a Carnegie Mellon University Tepper School of Business MBA went to work in the Mid-Atlantic region for $15,000. Overall, these were outliers. 2019 saw the total average salary for U.S. citizen graduates rise to $134,991 from $127,603, according to data from U.S. News & World Report and Poets&Quants, a one-year increase of 5.8%. For internationals — non-U.S. citizen, non-visa holders — the total average salary was not far behind, climbing from $120,589 to $127,156, a jump of 5.4%. Sign-on bonuses rose, too, for both groups, though conversely they rose higher for foreign grads than domestic; both, however, averaged over $30,000. Including both foreign and domestic U.S. students, the average salary/bonus pay package at the top 25 was $157,076, up from $150,311 in 2018 — a 4.5% increase. AMONG TOP SCHOOLS, CBS SEES BIGGEST Y-O-Y SALARY JUMP The highest average starting salary for U.S. MBAs in the Class of 2019 was at Stanford GSB: $157,460. HBS ($151,271), Wharton ($149,348), the University of Chicago Booth School of Business ($143,950), and Columbia Business School ($142,268) followed. Wharton boasted the highest average salary for foreign grads, $142,289, trailed by CBS ($141,776), Stanford ($139,899), Dartmouth College Tuck School of Business ($135,184), and HBS ($134,272). The lowest average salary in the Poets&Quants top 25 was at Indiana University Kelley School of Business for U.S. MBAs ($116,805) and at the University of Washington Foster School of Business for internationals ($112,186). Among the top 10 schools, the average salary for a U.S. MBA was $143,911, up from $135,586 in 2018, a 6.1% jump. For foreign MBAs, the picture was almost as rosy: $134,565, up from $127,799, a 5.3% increase. Columbia had the highest year-over-year increase in both U.S. and foreign MBA salary, 8.4% and 8.7%, respectively. All 10 schools saw increases in U.S. MBA salary from 2018 to 2019; however two schools, Harvard and Yale School of Management, saw declines in foreign MBA salary. The average increase on the U.S. side was $8,325 and 6.2%; on the international side, $8,816 and 6.9% In the top 25, the University of Virginia Darden School of Business had the highest percentage of graduates reporting salaries, 94.3%, with Northwestern Kellogg (92.8%), Washington Foster (92%), and the University of Michigan Ross School of Business (90.1%) in order behind. The lowest percentage of salary reporters came at Columbia, with 70.2%. AS SALARIES GROW, SO GROW SIGNING BONUSES Only two schools had a higher foreign average salary: USC Marshall School of Business ($133,193 to $125,808) and UNC Kenan-Flagler Business School ($125,069 to $123,750). In sign-on bonuses, however, more than half of the schools — 13 — had a higher foreign average. In the top 25, the total average U.S. sign-on was $30,926, a few hundred dollars less than the average for the internationals: $31,370; in the elite top 10, the difference expanded slightly, with U.S. graduates getting an average bonus payment of $30,607 while their foreign peers were paid an average of $33,382. As in salaries, Virginia Darden had the highest rate of bonus reporting: 84.9%. Stanford, producer of a high volume of entrepreneurs and grads who go to work for startups, had the lowest at 40.6%. The highest average sign-on was at USC Marshall for U.S. grads ($39,853) and Wharton for foreign grads ($40,618). The lowest? Indiana Kelley for domestic MBAs ($23,825) and Rice University Jones Graduate School of Business for internationals ($17,308). And what about individual instances of crazy high or strangely low bonuses? A U.S. citizen graduating from Chicago Booth was paid a $300,000 bonus; a foreign-born MBA in the UC-Berkeley Haas School of Business Class of 2019 signed up for $250,000. At the other end, one MBA from MIT Sloan School of Management got $500 (Sloan doesn’t differentiate between U.S. and foreign MBAs in its report to U.S. News), while U.S. MBAs from both the Kelley School and NYU Stern School of Business grabbed $1,000. At Booth, one foreign MBA got $2,000. A handful of low bonuses aside, it was, all in all, a good-to-great year for MBA pay. Will it be the last one for a few years? Many expect so. See the next two pages for a complete breakdown of salary and bonus data at the top 25 schools in the Poets&Quants ranking. DON’T MISS AVERAGE GMAT SCORES AT THE TOP 50 B-SCHOOLS and AVERAGE UNDERGRADUATE GPAs AT THE TOP 50 BUSINESS SCHOOLS and ACCEPTANCE RATES AT THE TOP 50 BUSINESS SCHOOLS IN THE U.S. Continue ReadingPage 1 of 3 1 2 3 Comments or questions about this article? Email us.