High & Low MBA Salaries & Bonuses At The Top 100 U.S. B-Schools

AVERAGE SIGN-ON BONUSES 2023-2025

Signing bonuses, particularly at lower-ranked programs, are far more volatile than salaries in terms of averages and year-to-year comparisons. Because few report them, one or two big numbers can boost the average significantly.

Below are the average and high signing bonuses for the Class of 2025, the average signing bonus for the Class of 2023, as well as the 2-Year Percent Change for all ranked MBA programs in P&Q’s latest composite ranking.

Class of 2025 Average MBA Signing Bonus At P&Q Ranked Programs
2025 PQ Rank	School	Average Signing Bonus 2025	High Signing Bonus 2025	Average Signing Bonus 2023	2-Year Change
1	Northwestern (Kellogg)	$34,658	$140,000	$35,324	-1.89%
2	Harvard Business School	$36,740	$214,000	$36,629	0.30%
3	Columbia Business School	$41,016	$218,000	$39,395	4.11%
4	Dartmouth (Tuck)	$36,638	$110,200	$37,548	-2.42%
5	Virginia (Darden)	$36,906	$110,200	$37,588	-1.81%
6	New York (Stern)	$41,007	$125,000	$38,192	7.37%
7	Cornell (Johnson)	$39,795	$90,000	$38,826	2.50%
8	Pennsylvania (Wharton)	$39,756	$200,000	$37,944	4.78%
9	Michigan (Ross)	$33,386	$80,000	$33,256	0.39%
10	UCLA (Anderson)	$34,027	$65,000	$36,174	-5.94%
11	MIT (Sloan)	$40,192	$213,300	$38,989	3.09%
12	Chicago (Booth)	$35,847	$300,000	$39,687	-9.68%
13	Texas-Austin (McCombs)	$34,279	$140,000	$32,915	4.14%
14	UC-Berkeley (Haas)	$35,829	$193,700	$36,777	-2.58%
15	Duke (Fuqua)	$37,180	$110,000	$34,691	7.17%
16	Carnegie Mellon (Tepper)	$38,610	$217,000	$40,139	-3.81%
17	Yale SOM	$36,677	$135,100	$36,200	1.32%
18	Vanderbilt (Owen)	$36,065	$92,400	$34,591	4.26%
19	Washington (Olin)	$45,061	$193,700	$26,808	68.09%
20	Georgia Institute of Technology (Scheller)	$27,132	$110,200	$28,245	-3.94%
21	North Carolina (Kenan-Flagler)	$32,558	$87,000	$34,555	-5.78%
22	Emory (Goizueta)	$29,005	$60,000	$33,945	-14.55%
23	Washington (Foster)	$39,917	$120,000	$44,537	-10.37%
24	Southern California (Marshall)	$35,896	$100,000	$32,531	10.34%
25	Georgetown (McDonough)	$33,768	$127,000	$43,325	-22.06%
26	Stanford GSB	$35,888	N/A	$42,249	-15.06%
27	Rice (Jones)	$31,659	$93,000	$33,909	-6.64%
28	Notre Dame (Mendoza)	$36,847	$92,400	$35,591	3.53%
29	Georgia (Terry)	$24,287	$50,000	$25,232	-3.75%
30	Rochester (Simon)	$31,354	$55,000	$38,941	-19.48%
31	Arizona State (Carey)	$38,138	$193,700	$22,819	67.13%
32	UC-Irvine (Merage)	$24,663	$54,300	$25,846	-4.58%
33	Texas-Dallas (Jindal)	$20,938	$60,000	$16,316	28.33%
34	Boston University (Questrom)	$15,333	$54,000	$24,942	-38.53%
35	Florida (Hough)	$23,000	$61,000	$26,276	-12.47%
36	William & Mary (Mason)	$26,316	$92,400	$27,632	-4.76%
37	Brigham Young (Marriott)	$24,027	$117,500	$26,227	-8.39%
38	Texas A&M (Mays)	$26,906	$92,400	$22,455	19.82%
39	Indiana (Kelley)	$30,150	$86,500	$37,646	-19.91%
40	Fordham (Gabelli)	$25,667	$50,000	$24,928	2.96%
41	University of Miami (Herbert)	NA	NA	$83,400	NA
42	Southern Methodist (Cox)	$25,408	$50,000	$32,784	-22.50%
43	Minnesota (Carlson)	$30,317	$100,000	$31,049	-2.36%
44	Wisconsin	$22,025	$50,000	$35,297	-37.60%
45	Babson College (Olin)	$22,389	$55,000	$35,108	-36.23%
46	Ohio State (Fisher)	$26,533	$60,667	$34,453	-22.99%
47	Maryland (Smith)	$38,914	$82,400	$39,983	-2.67%
48	Hult International	NA	NA	NA	NA
49	Texas Christian (Neeley)	$29,056	$110,000	$29,217	-0.55%
50	Rutgers Business School	$27,000	$35,000	$21,667	24.61%
51	Michigan State (Broad)	$27,404	$92,400	$18,810	45.69%
52	Utah (Eccles)	$21,610	$54,300	$23,777	-9.11%
53	Pittsburgh (Katz)	$17,750	$44,000	$26,122	-32.05%
54	Tennessee-Knoxville (Haslam)	$17,225	$30,000	$17,608	-2.18%
55	Boston College (Carroll)	$27,186	$61,700	$29,478	-7.78%
56	Northeastern (D’Amore-McKim)	$53,750	$57,500	$15,413	248.73%
57	Baylor (Hankamer)	$6,736	$17,280	$8,986	-25.04%
58	American (Kogod)	$30,000	$40,000	NA	NA
59	Tulane (Freeman)	$13,100	$30,000	NA	NA
60	Syracuse (Whitman)	NA	NA	$9,175	NA
61	Iowa State	$7,042	$10,000	$7,250	-2.87%
62	Baruch (Zicklin)	$25,417	$50,000	$16,543	53.64%
63	Kentucky (Gatton)	$9,150	$34,000	$6,701	36.55%
64	Auburn (Harbert)	$7,500	$11,000	$6,444	16.39%
65	Arkansas (Walton)	$8,222	$12,000	$7,725	6.43%
66	Alabama (Manderson)	$6,365	$25,000	$8,657	-26.48%
67	George Washington	$35,000	$55,000	$37,958	-7.79%
68	Cincinnati (Lindner)	NA	NA	NA	NA
69	Oklahoma State (Spears)	$4,900	$8,600	NA	NA
70	Buffalo (SUNY)	$7,500	$15,000	$7,786	-3.67%
71	Colorado (Leeds)	$24,000	$40,000	$17,308	38.66%
72	Oklahoma (Price)	$11,055	$30,000	$11,000	0.50%
73	Arizona (Eller)	$13,333	$15,000	$32,000	-58.33%
74	Chapman (Argyros)	NA	NA	$26,821	NA
75	UC-Davis	$6,875	$10,000	$22,275	-69.14%
76	Pepperdine (Graziadio)	$13,333	$20,000	$32,021	-58.36%
77	Stevens Institute of Technology	$8,500	$8,500	$6,923	22.78%
78	UC-San Diego (Rady)	NA	NA	$22,625	NA
79	Texas Tech (Rawls)	NA	NA	NA	NA
80	South Carolina (Moore)	$10,667	$12,000	$13,125	-18.73%
81	Charleston	$7,739	$30,000	$7,500	3.19%
82	Kansas	$4,786	$6,000	$6,000	-20.23%
83	Massachusetts-Amherst (Isenberg)	$47,500	$93,000	$14,300	232.17%
84	Detroit Mercy	NA	NA	$2,500	NA
85	North Carolina A&T (Deese)	NA	NA	$18,000	NA
86	San Diego (Knauss)	NA	NA	NA	NA
87	Tampa (Sykes)	NA	NA	NA	NA
88	Morgan State (Graves)	$3,000	$4,000	NA	NA
89	Willamette (Atkinson)	$7,500	$10,000	$7,280	3.02%
90	Rollins (Crummer)	NA	NA	NA	NA
90	Mississippi	NA	NA	$4,250	NA
90	Loyola Maryland (Sellinger)	NA	NA	NA	NA
90	Case Western (Weatherhead)	NA	NA	$14,944	NA
94	NC State (Poole)	NA	NA	$13,417	NA
94	Pace (Lubin)	$3,500	$5,000	$5,750	-39.13%
96	Johns Hopkins (Carey)	NA	NA	NA	NA
96	Louisiana State (Ourso)	$6,688	$13,750	$6,633	0.83%
98	Lehigh	NA	NA		NA
99	Temple (Fox)	NA	NA	NA	NA
100	Binghamton (SUNY)	$5,122	$10,000	NA	NA

Source: U.S. News & World Report

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