MBA Pay By Occupation & Industry: Here’s How Much You’re Worth

A school-by-school look at how much MBA grads are earning in every industry

Scenes during the 2025 Kellogg CIM (Culture is Made) event at the Northwestern University Kellogg School of Management at the Kellogg School of Management Global Hub in Evanston, Illinois.

CONSUMER PRODUCTS

A branch of marketing, CPG is an East Coast affair, as Harvard Business School ($152,250), MIT Sloan ($143,333), and Wharton ($138,000) produced the highest-paid graduates on average. Combined, the schools placed just 20 graduates in the field (led by Wharton with 10). Northwestern Kellogg may reflect a better barometer of starting pay, with 27 graduates averaging $133,537 to start. Still, there is money to be had in Consumer Goods, as shown by the $300,000 base given to one Wharton grad.

U.S. News Rank School 2025 Consumer Products Industry Low 2024 Consumer Products Industry Low 2023 Consumer Products Industry Low 2025 Consumer Products Industry Average 2024 Consumer Products Industry Average 2023 Consumer Products Industry Average 2025 Consumer Products Industry High 2024 Consumer Products Industry High 2023 Consumer Products Industry High
1 Stanford NA NA $150,000 $135,333 $135,000 $176,000 NA NA $210,000
2 Wharton $117,000 $120,000 $113,000 $138,000 $165,333 $125,667 $160,000 $300,000 $135,000
3 University of Chicago (Booth) $107,000 $125,000 $115,000 $131,857 $135,286 $123,500 $160,000 $155,000 $135,000
4 Harvard $122,000 $125,000 $80,000 $152,250 $147,714 $145,225 $240,000 $180,000 $240,000
4 Northwestern (Kellogg) $116,500 $115,000 $110,000 $133,537 $129,667 $131,875 $190,000 $150,000 $153,000
6 MIT (Sloan) $100,000 $125,000 $140,000 $143,333 $139,750 $146,875 $165,000 $157,000 $155,000
7 Columbia $100,000 $66,324 NA $127,458 $134,797 NA $160,000 $200,000 NA
7 New York University (Stern) $115,000 $114,000 $92,000 $122,875 $124,500 $117,800 $128,000 $135,000 $130,000
9 Dartmouth (Tuck) $110,000 $113,000 $113,000 $131,500 $127,333 $131,000 $156,000 $155,000 $150,000
10 California-Berkeley (Haas) $125,000 $120,000 $120,000 $131,750 $123,500 $141,671 $140,000 $125,000 $180,000
11 Virginia (Darden) $120,000 $120,000 $110,000 $135,182 $125,000 $117,713 $175,000 $128,000 $128,000
11 Yale SOM $104,000 $115,000 $110,000 $123,062 $128,450 $123,833 $132,309 $175,000 $135,000
13 Michigan (Ross) $100,000 $110,000 $110,000 $125,211 $122,643 $125,800 $160,000 $128,000 $135,000
14 Duke (Fuqua) $100,000 $120,000 $108,000 $126,000 $128,111 $127,882 $160,000 $155,000 $208,330
15 Cornell (Johnson) $100,000 $110,000 $90,000 $126,625 $126,429 $119,300 $132,000 $135,000 $128,000
16 Carnegie Mellon (Tepper) $120,000 $128,000 $116,000 $123,333 $128,667 $123,667 $130,000 $130,000 $128,000
16 Vanderbilt (Owen) $110,000 $115,000 $110,000 $121,000 $124,500 $126,167 $126,000 $138,000 $150,000
18 Texas (McCombs) $65,000 $120,000 $110,000 $118,833 $124,667 $124,000 $140,000 $128,000 $140,000
18 UCLA (Anderson) $95,000 $100,000 $65,000 $118,500 $129,200 $116,870 $150,000 $200,000 $132,000
20 University of Washington (Foster) NA NA $120,000 NA NA $135,000 NA NA $165,000
21 North Carolina (Kenan Flagler) $115,000 $95,000 $115,000 $126,778 $122,857 $123,000 $140,000 $140,000 $130,000
21 Indiana (Kelley) $90,000 $72,800 $90,000 $115,250 $119,073 $121,059 $132,000 $128,000 $145,002
23 Emory (Goizueta) $130,000 $115,000 $54,510 NA $120,000 $104,878 NA $128,000 $140,000
23 Texas-Dallas (Jindal) NA NA NA NA NA NA NA NA NA
25 Georgia (Terry) NA NA NA NA NA NA NA NA NA
25 USC (Marshall) $117,000 $120,000 $113,000 $122,000 $120,900 $124,625 $135,000 $127,000 $145,000
27 Georgia Tech (Scheller) NA NA NA NA NA NA NA NA NA
27 Washington U. (Olin) NA NA $125,000 NA NA $130,000 NA NA $140,000
29 Rice (Jones) NA $120,000 $115,000 NA $140,000 $128,400 NA $165,000 $145,000
29 Arizona State (Carey) NA NA NA NA NA NA NA NA NA
31 Georgetown (McDonough) NA $55,000 $113,000 NA $105,193 $126,667 NA $122,000 $175,000
32 Minnesota (Carlson) $100,000 $113,000 $108,000 $110,750 $121,722 $111,000 $125,000 $133,000 $115,000
32 Ohio State (Fisher) $80,000 $120,000 NA $109,333 $120,000 NA $128,000 $120,000 NA
34 Notre Dame (Mendoza) NA $80,000 $87,500 NA $118,250 $115,595 NA $140,000 $130,000
34 Rochester (Simon) $94,644 $100,000 $100,000 $122,956 $118,200 $121,667 $135,000 $128,000 $130,000
36 SMU (Cox) NA NA NA NA NA $105,000 NA NA $121,750
36 Texas A&M (Mays) NA NA NA NA NA NA NA NA NA
38 Iowa State (Ivy) NA $55,000 NA NA $63,750 NA NA $75,000 NA
39 Utah (Eccles) NA NA $128,000 NA NA $134,500 NA NA $150,000
39 University of Miami (Herbert) NA NA NA NA NA NA NA NA NA
39 Florida (Warrington) $132,000 $125,000 $100,000 $132,000 $126,750 $118,400 $132,000 $129,000 $128,000
39 BYU (Marriott) $67,600 $85,000 $88,500 $118,400 $111,611 $119,905 $150,000 $130,000 $135,000
43 Michigan State (Broad) NA $92,000 NA NA $98,000 NA NA $100,000 NA
43 Maryland (Smith) NA NA $105,000 NA NA $117,667 NA NA $128,000
43 Tennessee (Haslam) NA NA $80,000 NA NA $106,000 NA NA $128,000
46 American University (Kogod) NA NA NA NA NA NA NA NA NA
46 Boston U. (Questrom) $95,000 NA NA $109,000 NA NA $120,000 NA NA
48 Pittsburgh (Katz) NA NA NA NA NA NA NA NA NA
48 Wisconsin $125,000 $80,000 $113,000 $125,750 $113,250 $121,083 $128,000 $128,000 $128,000
48 Arkansas (Walton) $62,500 $84,500 NA $81,577 $91,200 NA $95,500 $100,000 NA
51 UC Irvine (Merage) $113,000 NA $110,000 $120,333 NA $116,667 $128,000 NA $120,000

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