MBA Salaries, Bonuses & Job Success Rates At 30 Top U.S. B-Schools

AVERAGE & MEDIAN MBA SALARIES AT 30 TOP U.S. B-SCHOOLS: 2020-2023

2024 P&Q Rank	School	Average Starting Base Salary (2023)	Average Starting Base Salary (2022)	Y-O-Y Salary Change	% Change	Average Starting Base Salary (2021)	Average Starting Base Salary (2020)	4-Year Salary Change	% Change
1	Stanford GSB	$189,010	$182,272	$6,738	3.7%	$161,831	$159,544	$29,466	18.5%
2	Harvard Business School*	$175,000	$175,000	None	None	$150,500	$150,000	$25,000	16.7%
3	Dartmouth (Tuck)**	$175,000	$175,000	None	None	$142,719	$143,867	NA	NA
4	Columbia*	$175,000	$175,000	None	None	$150,000	$150,000	$25,000	16.7%
5	Yale SOM*	$175,000	$160,110	$14,890	9.3%	$140,400	$140,000	$35,000	25.0%
6	Duke (Fuqua)**	$175,000	$160,055	$14,945	9.3%	$141,109	$135,935	NA	NA
7	Cornell (Johnson)	$162,808	$155,048	$7,760	5.0%	$139,121	$138,767	$24,041	17.3%
8	Virginia (Darden)	$167,899	$157,090	$10,809	6.9%	$144,933	$139,945	$27,954	20.0%
9	Michigan (Ross)*	$175,000	$165,000	$10,000	6.1%	$144,000	$135,000	$40,000	29.6%
10	NYU (Stern)	$168,182	$161,475	$6,707	4.2%	$149,524	$143,858	$24,324	16.9%
11	Chicago (Booth)*	$180,000	$175,000	$5,000	2.9%	$155,000	$150,000	$30,000	20.0%
12	Northwestern (Kellogg)*	$175,000	$165,000	$10,000	6.1%	$150,000	$144,000	$31,000	21.5%
13	UCLA (Anderson)	$151,140	$146,727	$4,413	3.0%	$135,273	$132,460	$18,680	14.1%
14	MIT (Sloan)*	$170,000	$165,000	$5,000	3.0%	$150,000	$150,000	$20,000	13.3%
15	UC-Berkeley (Haas)	$162,831	$152,831	$10,000	6.5%	$143,696	$139,423	$23,408	16.8%
16	CMU (Tepper)	$156,291	$148,067	$8,224	5.6%	$134,847	$135,035	$21,256	15.7%
17	Washington (Foster)	$151,322	$147,340	$3,982	2.7%	$130,407	$125,474	$25,848	20.6%
18	Rice (Jones)	$149,521	$142,212	$7,309	5.1%	$131,384	$123,786	$25,735	20.8%
19	Texas-Austin (McCombs)	$157,735	$144,564	$13,171	9.1%	$129,854	$128,586	$29,149	22.7%
20	UNC (Kenan-Flagler)	$146,779	$133,517	$13,262	9.9%	$125,687	$126,957	$19,822	15.6%
21	Vanderbilt (Owen)	$154,052	$139,711	$14,341	10.3%	$125,130	$126,137	$27,915	22.1%
22	USC (Marshall)	$150,081	$150,314	-$233	-0.2%	$130,976	$132,844	$17,237	13.0%
23	Emory (Goizueta)	$152,317	$149,759	$2,558	1.7%	$134,700	$130,112	$22,205	17.1%
24	Georgetown (McDonough)	$149,256	$138,552	$10,704	7.7%	$126,107	$128,162	$21,094	16.5%
26	Rochester (Simon)**	$140,445	$130,000	NA	NA	$123,000	$120,000	NA	NA
27	Georgia Tech (Scheller)	$154,679	$136,819	$17,860	13.1%	$123,843	$121,045	$33,634	27.8%
28	Washington (Olin)	$132,744	$117,687	$15,057	12.8%	$115,478	$113,822	$18,922	16.6%
30	Notre Dame (Mendoza)*	$130,000	$130,000	None	None	$120,950	$116,500	$13,500	11.6%
31	Penn (Wharton)*	$175,000	$175,000	None	None	$155,000	$150,000	$25,000	16.7%
37	Indiana (Kelley)*	$137,500	$130,000	$7,500	5.8%	$120,000	$119,000	$18,500	15.5%

*Median

**Simon started reporting average salaries in 2023 … Tuck started in 2022 … Fuqua started reported medians in 2022

Source: B-school employment reports

AVERAGE & MEDIAN MBA BONUSES AT 30 TOP U.S. B-SCHOOLS: 2020-2023

2024 P&Q Rank	School	Average Sign-On Bonus (2023)	Average Sign-On Bonus (2022)	Y-O-Y Bonus Change	Average Sign-On Bonus (2021)	Average Sign-On Bonus (2020)	4-Year Bonus Change
1	Stanford GSB	$42,249	$33,684	$8,565	$29,148	$32,551	$9,698
2	Harvard Business School*	$30,000	$30,000	None	$30,000	$30,000	None
3	Dartmouth (Tuck)	$30,000*	$30,000*	None	$33,745	$34,171	NA
4	Columbia*	$30,000	$30,000	None	$30,000	$30,300	-$300
5	Yale SOM*	$30,000	$30,000	None	$30,000	$30,000	None
6	Duke (Fuqua)**	$30,000	$35,456	NA	$34,958	$35,032	NA
7	Cornell (Johnson)	$38,826	$38,310	$516	$37,684	$36,391	$2,435
8	Virginia (Darden)	$37,588	$34,749	$2,839	$35,488	$33,266	$4,322
9	Michigan (Ross)*	$30,000	$30,000	None	$30,000	$30,000	None
10	NYU (Stern)	$38,192	$40,936	-$2,744	$38,211	$37,892	$300
11	Chicago (Booth)*	$33,000	$30,000	$3,000	$35,000	$30,000	$3,000
12	Northwestern (Kellogg)*	$30,000	$30,000	None	$30,000	$30,000	None
13	UCLA (Anderson)	$36,174	$33,897	$2,277	$29,877	$31,329	$4,845
14	MIT (Sloan)*	$30,000	$30,000	None	$30,000	$30,000	None
15	UC-Berkeley (Haas)	$36,777	$33,418	$3,359	$33,775	$31,330	$5,447
16	CMU (Tepper)	$40,139	$38,956	$1,183	$30,399	$33,463	$6,676
17	Washington (Foster)	$44,537	$40,657	$3,880	$39,283	$36,380	$8,157
18	Rice (Jones)	$33,909	$35,879	-$1,970	$33,221	$33,828	$81
19	Texas-Austin (McCombs)	$32,915	$31,178	$1,737	$28,153	$31,698	$1,217
20	UNC (Kenan-Flagler)	$34,555	$30,359	$4,196	$29,751	$29,588	$4,967
21	Vanderbilt (Owen)	$34,591	$34,636	-$45	$27,651	$26,991	$7,600
22	USC (Marshall)	$32,531	$37,218	-$4,687	$29,473	$28,673	$3,858
23	Emory (Goizueta)	$33,945	$33,987	-$42	$29,151	$28,076	$5,869
24	Georgetown (McDonough)	$43,325	$36,342	$6,983	$34,073	$34,707	$8,618
26	Rochester (Simon)**	$38,941	$33,250	$5,691	$36,000	$34,500	$4,441
27	Georgia Tech (Scheller)	$28,245	$26,749	$1,496	$25,066	$25,040	$3,205
28	Washington (Olin)	$26,800	$29,129	-$2,329	$27,487	$26,949	-$149
30	Notre Dame (Mendoza)*	$35,000	$30,000	$5,000	$25,000	NA	NA
31	Penn (Wharton)*	NA	NA	NA	$30,000	NA	NA
37	Indiana (Kelley)*	$30,000	$30,000	None	$30,000	$25,000	$5,000