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Tuesday, 29 March 2011
Starting Salaries after MBA in USA at the TOP Business Schools
Starting Salaries after MBA in USA at the TOP Business Schools
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Starting Salaries after MBA in USA
Most of the Indian Students are interested in pursuing their MBA in USA after bachelors and requested the estimated salaries. These salaries by schools will answer their questions. Independent of any other factors, all international MBA students are starting at $40,000+ Minimum salary and upto 160k+
Rank
Business School
Pre MBA
Salaries*
Median Total
Pay Package
Percent
Increase
1
U. of Pennsylvania (Wharton)
$60,000
$156,000
160%
2
Northwestern (Kellogg)
$56,000
$142,000
154%
3
Stanford
$65,000
$165,500
155%
4
Harvard
$65,000
$160,000
146%
5
Columbia
$50,000
$142,500
185%
6
Duke (Fuqua)
$49,000
$128,500
162%
7
MIT (Sloan)
$55,000
$149,000
171%
8
Chicago
$55,000
$140,000
155%
9
Cornell (Johnson)
$50,000
$135,000
170%
10
Dartmouth (Tuck)
$50,000
$149,500
199%
11
Michigan
$50,000
$131,000
162%
12
NYU (Stern)
$45,000
$140,000
211%
13
UC — Berkeley (Haas)
$50,000
$135,000
170%
14
Virginia (Darden)
$50,000
$135,000
170%
15
Yale
$45,000
$130,000
189%
16
UCLA (Anderson)
$55,000
$136,500
148%
17
Carnegie Mellon
$45,000
$125,000
178%
18
UNC — Chapel Hill
$48,000
$125,000
160%
19
Texas — Austin (McCombs)
$45,000
$107,000
138%
20
Indiana (Kelley)
$42,000
$114,000
171%
21
USC (Marshall)
$45,000
$112,000
149%
22
Purdue (Krannert)
$35,000
$101,500
190%
23
Rochester (Simon)
$40,000
$110,000
175%
24
Georgetown (McDonough)
$45,000
$116,000
158%
25
Washington U. (Olin)
$42,000
$109,000
160%
As this table shows, the average salary increase ranges from 138% at UT Austin to 211% at NYU (Stern).
The key takeaway from this table is that there is some cap on the amount recruiters are willing to pay first-year MBAs without regard to their pre-MBA work experience – which we explicitly assume is closely tied to the pre MBA salaries.
Before you take this table too seriously, we want to clearly state that these numbers are simply averages. If you decide upon graduation that you would like to work for a small start up and a nice options package (we concede those days are probably gone until the business cycle comes full circle again) or if you decide to work for a large Fortune 500 with good job benefits and security, then you are NOT going to make the these 6 figure salaries your first year out of business school.
* Pre MBA salaries are estimates we developed from many sources. Certain business schools do not collect this information from their incoming students. Those schools that do report these salaries use self-reported information anyway.
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