Vanderbilt University’s Owen Graduate School of Management

HEALTHCARE

According to a report from the Centers for Medicare & Medicaid Services, National Health Expenditures (NHE) grew by a 7.2% clip in 2024, accounting for $5.3-trillion in spending. Those numbers create lots of opportunities for MBAs to manage resources – and be well-compensated to do so. Among MBA programs, Stanford GSB and NYU Stern graduated the highest-paid students into Healthcare at $183,000 and $180,667 bases respectively. Together, these schools placed 15 students into the field, the same number as Vanderbilt Owen, a healthcare leader where graduates pulled in $132,600 to start. At the top end, the highest Healthcare paycheck was cashed in by an NYU Stern grad at $400,000.

U.S. News Rank	School	2025 Healthcare Industry Low	2024 Healthcare Industry Low	2023 Healthcare Industry Low	2025 Healthcare Industry Average	2024 Healthcare Industry Average	2023 Healthcare Industry Average	2025 Healthcare Industry High	2024 Healthcare Industry High	2023 Healthcare Industry High
1	Stanford	NA	NA	$120,000	$183,000	$158,636	$174,111	NA	NA	$225,000
2	Wharton	$60,000	$81,000	$133,000	$146,979	$163,465	$158,173	$220,000	$275,000	$200,000
3	University of Chicago (Booth)	$95,000	$130,000	$125,000	$147,357	$147,583	$140,300	$205,000	$180,000	$160,000
4	Northwestern (Kellogg)	$90,000	$120,000	$112,500	$154,296	$143,741	$136,694	$250,000	$185,000	$160,000
4	Harvard	$121,000	$120,000	$120,000	$170,493	$167,745	$158,407	$270,000	$275,000	$220,000
6	MIT (Sloan)	$113,000	$112,000	$130,000	$167,853	$158,300	$150,000	$300,000	$200,000	$180,000
7	New York University (Stern)	$115,000	$128,500	NA	$180,667	$160,495	NA	$400,000	$217,984	NA
7	Columbia	$98,000	$60,000	$65,160	$148,231	$140,750	$133,907	$175,000	$180,000	$170,000
9	Dartmouth (Tuck)	$125,000	$130,000	$105,000	$149,000	$137,933	$135,417	$200,000	$150,000	$155,000
10	California-Berkeley (Haas)	$137,000	$108,000	$90,000	$142,800	$146,686	$147,676	$148,000	$185,000	$200,000
11	Yale SOM	$120,000	$125,000	$78,749	$142,375	$145,769	$132,304	$160,000	$195,000	$170,000
11	Virginia (Darden)	$70,000	$120,000	$76,466	$135,125	$140,357	$127,163	$155,000	$175,000	$170,000
13	Michigan (Ross)	$67,200	$101,200	$104,631	$140,964	$138,486	$139,102	$200,000	$180,000	$190,000
14	Duke (Fuqua)	$72,000	$100,000	$100,000	$138,588	$137,528	$138,778	$160,000	$175,000	$185,000
15	Cornell (Johnson)	$130,000	$120,000	$125,000	$135,400	$143,750	$133,971	$140,000	$170,000	$147,800
16	Carnegie Mellon (Tepper)	$120,000	$115,575	$118,000	$137,667	$136,048	$124,125	$165,000	$160,000	$140,000
16	Vanderbilt (Owen)	$100,000	$110,000	$90,000	$132,600	$140,133	$132,800	$155,000	$180,000	$140,000
18	Texas (McCombs)	$80,000	NA	NA	$130,286	NA	NA	$155,000	NA	NA
18	UCLA (Anderson)	$110,000	$70,000	$73,000	$133,675	$133,460	$136,970	$165,000	$170,000	$200,831
20	University of Washington (Foster)	NA	NA	NA	NA	NA	NA	NA	NA	NA
21	Indiana (Kelley)	$125,000	$72,000	$130,000	$135,000	$131,614	$133,857	$147,000	$205,000	$145,000
21	North Carolina (Kenan Flagler)	$59,400	$80,000	$113,500	$128,996	$128,222	$128,071	$165,000	$150,000	$140,000
23	Emory (Goizueta)	NA	$110,000	$83,000	$115,000	$131,000	$119,500	$145,889	$140,000	$140,000
23	Texas-Dallas (Jindal)	NA	NA	$85,000	NA	NA	$99,500	NA	NA	$118,000
25	USC (Marshall)	$110,000	$132,000	$120,000	$139,000	$142,250	$135,714	$167,000	$165,000	$150,000
25	Georgia (Terry)	NA	NA	NA	NA	NA	NA	NA	NA	NA
27	Georgia Tech (Scheller)	NA	NA	NA	NA	NA	NA	NA	NA	NA
27	Washington U. (Olin)	NA	$104,000	$95,000	NA	$122,200	$116,667	NA	$130,000	$130,000
29	Rice (Jones)	$80,000	$130,000	$72,000	$105,433	$138,750	$120,975	$120,000	$150,000	$147,800
29	Arizona State (Carey)	$125,000	NA	NA	$130,667	NA	NA	$135,000	NA	NA
31	Georgetown (McDonough)	$115,000	NA	$66,636	$125,000	NA	$119,519	$135,000	NA	$155,000
32	Ohio State (Fisher)	$140,000	NA	$78,000	$157,641	NA	$98,333	$180,000	NA	$117,000
32	Minnesota (Carlson)	$85,000	$95,000	$115,000	$120,125	$122,500	$128,750	$155,000	$140,000	$135,000
34	Notre Dame (Mendoza)	$102,000	$68,500	$85,000	$135,429	$116,625	$116,667	$165,000	$135,000	$135,000
34	Rochester (Simon)	$105,000	$90,000	$130,000	$131,550	$121,000	$140,060	$162,500	$175,000	$147,800
36	SMU (Cox)	NA	NA	$128,000	NA	NA	NA	NA	NA	NA
36	Texas A&M (Mays)	NA	NA	NA	NA	NA	NA	NA	NA	NA
38	Iowa State (Ivy)	NA	NA	NA	NA	NA	NA	NA	NA	NA
39	Florida (Warrington)	$102,500	$100,000	$130,000	$102,500	$108,500	$130,000	$102,500	$112,000	$130,000
39	BYU (Marriott)	NA	$80,000	$65,000	NA	$107,628	$111,512	NA	$133,000	$150,000
39	Utah (Eccles)	$85,000	$68,349	NA	$95,000	$103,783	NA	$103,000	$133,000	NA
39	University of Miami (Herbert)	NA	NA	NA	NA	NA	NA	NA	NA	NA
43	Michigan State (Broad)	NA	$100,000	NA	NA	$116,667	NA	NA	$130,000	NA
43	Maryland (Smith)	NA	NA	$132,500	NA	NA	$135,167	NA	NA	$140,000
43	Tennessee (Haslam)	NA	NA	NA	NA	NA	NA	NA	NA	NA
46	American University (Kogod)	NA	NA	NA	NA	NA	NA	NA	NA	NA
46	Boston U. (Questrom)	$120,000	$61,250	$70,000	$133,750	$116,607	$126,243	$155,000	$150,000	$170,000
48	Wisconsin	$80,000	$92,000	$115,000	$104,125	$118,500	$122,667	$137,000	$135,000	$140,000
48	Pittsburgh (Katz)	$77,000	$85,000	$65,000	$105,000	$117,000	$92,125	$140,000	$133,000	$120,000
48	Arkansas (Walton)	NA	NA	NA	NA	NA	NA	NA	NA	NA
51	UC Irvine (Merage)	$136,000	$80,000	NA	$138,667	$130,625	NA	$140,000	$155,000	NA

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