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The Last 5 years’ Career Trends of MBA Graduates of Stanford, Wharton, Kellogg & Harvard

Career Trends of MBA Students who Passed-out of Top Business Schools in the US

  • Are you thinking whether an MBA degree is worth having?
  • Are you puzzled about which specializations to target in the top US B-schools?
  • Do you think about the recent career trends of MBA graduates in these top B-schools?

If your answer is yes, then you have come to the right page!! This article analyses the career trends of MBA graduates from some of the top B-schools in the US, in the last five years

STANFORD UNIVERSITY

The Graduate School of Business at Stanford University ranks No.1 in the US News Rankings-2021 Best Business Schools (2020). There are various specializations offered at Stanford such as accounting, entrepreneurship, finance, general management, human resources management, technology management, marketing, supply chain management/logistics, etc. 

Image source: Google

Ranking by Specialisation: Entrepreneurship and Project Management (2nd), Marketing (4th), Business Analytics (6th) 

Full-time tuition: $73,062 per year

Average base salary: $152,503

Full-time graduates employed at graduation: 67.5%

Salary Statistics According to Function:

FunctionBatch 2019Batch 2018Batch 2017Batch 2016Batch 2015
Finance$170,000 $150,000 $150,000 $150,000 $150,000
Consulting$150,000 $149,000 $147,000 $145,000 $140,000
General Management$162,000 $130,000 $147,000 $125,000 $120,000
Other$124,000 $150,000 $150,000 $122,500 $118,000

Salary Statistics According to Industry

IndustryBatch 2019Batch 2018Batch 2017Batch 2016Batch 2015
Consulting$165,000 $151,400 $147,000 $145,000 $140,000
Finance/Accounting$170,000 $157,000 $150,000 $150,000 $150,000
Energy/Cleantech$140,000 $125,000 -$128,000 $120,000
Marketing/Sales$140,000 $135,000 $128,750 $130,000 $125,000
Transportation/Logistics$140,300 -$125,000 $117,000 -
Media and Entertainment$135,000 $137,500 $150,000 $125,000 $125,000

 

 

Speak with an Ex-McKinsey and Harvard MBA Alum

 

 

Key career trends over the past five years: 

  • Highest-paying functional domain: Consulting and Finance at GSB Stanford
  • Popular Sectors: 75% hiring in Finance Services, Technology and Consulting sectors (2019)
  • A consistent number of 15-16 students started their own companies in the span of five years
  • Stanford’s Employment Rate saw a hike of 95 students receiving job offers in a batch size of 423 (2018)
  • Ranging from $130,000- $142,000 the Median Base Salary saw a hike of $150,000 in the year 2019, with a consistent Median Signing Bonus of $25,000
  • Non-Profit is the lowest median base salary offered 
  • Highest median base salary in the past 5 years: $180,000 (Hospitality/Travel Industry, Batch 2019)

UNIVERSITY OF PENNSYLVANIA (WHARTON)

The Wharton School at the University of Pennsylvania consistently maintains its position as the no. 1 B-school in the US. The various courses offered at Wharton are: accounting, economics, entrepreneurship, ethics, finance, general management, health care administration, human resources management, insurance, international business, marketing, etc.

Image source: Google

Ranking by Specialisation: Finance and Real Estate Management (1st), Marketing (2nd) and Accounting (3rd)

Full-time tuition: $74,500 per year

Full-time graduates employed at graduation: 81%

Additionally, there are 25 research centres on campus and students get the opportunity to get associated with 150 organisations.  

Salary Statistics According to Function:

FunctionBatch 2019Batch 2018Batch 2017Batch 2016Batch 2015
Corporate Finance$130,000 $115,000 $118,000 $110,000 $110,000
Analytics/Data Science$140,000 $128,000 ---
General/Project Mgmt./Mgmt. Development$125,000 $125,000 $121,500 $125,000 $115,000
Business Development$136,000 $128,000 $125,000 $120,500 $120,000
Consulting/Strategy$152,000 $147,000 $147,000 $145,000 $140,000
Investment Banking$150,000 $125,000 $125,000 $125,000 $125,000
Operations/Production Mgmt/Supply Chain$130,000 $135,000 $130,000 $120,000 $115,000

Salary Statistics According to Industry:

IndustryBatch 2019Batch 2018Batch 2017Batch 2016Batch 2015
Consulting$165,000 $150,000 $147,500 $145,000 $140,000
Consumer Products$117,500 $115,000 $120,000 $105,000 $105,000
Financial Services$150,000 $130,000 $130,000 $125,000 $125,000
Legal and Professional Services$190,000 $180,000 $180,000 $160,000 $160,000
Manufacturing$125,000 $127,000 $130,000 $120,000 $110,000
Media and Entertainment-$140,000 $131,250 $120,000 $117,000

Key career trends over the past 5 years: 

  • Highest paying functional domain: Consulting and Legal Services are the highest paying and most sought-after choices opted by almost a third of the class in all five years. Industries such as Financial Services and Technology hire significantly more graduate students than other fields
  • As a fairly new function, Analytics and Data Science saw a massive hike in the salary- $140,000, crossing Business Development and Operations Management (2019)
  • Less than 5% of the class opted to start their own companies
  • In the past 5 years, there was a 3.2% increase in graduates accepting jobs in the US accompanied by an equal 3.2% decrease in international job acceptance
  • Median Salary: $150,000 with a $130,000-165,000 Yearly Compensation Range (Batch 2019)
  • Median signing bonus: $30,000
  • There was a significant rise of 11% in the median base salary which is considered one of the highest hikes in the past 5 years 

NORTHWESTERN UNIVERSITY (KELLOGG)

The Kellogg School of Management at North-western University ranks 3rd in the ‘2021 Best Business Schools’- US News Rankings (2020). The popular courses offered at Kellogg are accounting, entrepreneurship, finance, general management, health care administration, not-for-profit management, production/operations management, public administration, public policy, quantitative analysis/statistics and operations research, and technology, etc. 

Image source: Google

Ranking by Specialisation: Marketing (1st), Executive MBA (2nd) and Management and Part-time MBA (3rd)

Full-time tuition: $73,404 per year; Part-time tuition: $7,131 per credit; Executive MBA tuition: $106,782 per year

Full-time graduates employed at graduation: 85.60%

Did you know that there are more than 50,000 Kellogg graduates, including Ted Phillips, president and CEO of the Chicago Bears, and Ellen Kullman, chair and CEO of DuPont?

Salary Statistics According to Function:

FunctionBatch 2019Batch 2018Batch 2017Batch 2016Batch 2015
Finance/Accounting$150,000 $125,000 $125,000 $125,000 $125,000
Consulting$152,500 $147,000 $147,000 $145,000 $140,000
General Management$130,000 $120,000 $120,000 $125,000 $115,000
Technology/IT$135,000 $130,000 $126,500 $125,000 $122,000
Marketing/Sales$120,000 $117,000 $115,000 $110,000 $105,000
Other$120,000 $120,000 $122,500 $122,500 $110,000

Salary Statistics According to Industry:

IndustryBatch 2019Batch 2018Batch 2017Batch 2016Batch 2015
Consulting$160,000 $147,000 $147,000 $145,000 $140,000
Financial Services$150,000 $125,000 $125,000 $125,000 $125,000
Consumer Packaged Goods$115,000 $107,000 $107,000 $105,000 $105,000
Technology/IT$133,500 $130,000 $125,000 $120,000 $120,000
Healthcare$125,000 $120,000 $120,000 $$119,498$115,000
Retail$112,500 $108,000 $107,500 $113,000 $110,000

Key career trends over the past 5 years: 

  • Consulting tops as the highest paying functional domain in the past 5 years even after a 5% decrease in the major industry chosen by graduates report in 2018. Finance and Marketing are the other high paying domains
  • Operations & Logistics, Human Resources, and Business Development are the least popular domains at Kellogg
  • The percentage of graduates opting for a career in Entrepreneurship remains low
  • Healthcare sector saw a fluctuation of 2-3% as the major chosen industry by students
  • Technology industry excels in the student desirability rate each year by a range of 2-4%

HARVARD UNIVERSITY

The Business School at Harvard University holds the rank- 6th in the ‘2021 Best Business Schools’- US News Rankings 2020. The university offers popular programs such as accounting, consulting, e-commerce, economics, entrepreneurship, ethics, finance, general management, human resources management, international business, leadership, manufacturing and technology management, marketing, not-for-profit management, production/operations management, organizational behaviour, etc. 

Image source: Google

Ranking by Specialisation: Management (1st), Non-Profit (2nd) and Entrepreneurship (5th)

Full-time tuition: $73,440 per year

Full-time graduates employed at graduation: 77.30%

Salary Statistics According to Function:

FunctionBatch 2019Batch 2018Batch 2017Batch 2016Batch 2015
Finance$150,000 $150,000 $150,000 $150,000 $140,000
Consulting$165,000 $150,000 $150,000 $145,000 $140,000
General Management$130,000 $125,000 $125,000 $120,000 $120,000
Marketing$135,000 $135,000 $125,000 $125,000 $124,000
Business Development$135,000 $130,000 $130,000 $130,000 $120,000
Other$140,000 $127,000 $122,500 $120,000 $120,000

Salary Statistics According to Industry:

IndustryBatch 2019Batch 2018Batch 2017Batch 2016Batch 2015
Consulting$165,000 $150,000 $150,000 $145,000 $140,000
Finance$150,000 $150,000 $150,000 $150,000 $140,000
Marketing$135,000 $135,000 $125,000 $125,000 $124,000
Business Development$135,000 $130,000 $130,000 $130,000 $120,000
Strategic Planning$135,000 $130,000 $120,000 $117,500 $118,500
General Management$130,000 $125,,000$125,000 $120,000 $120,000

Key career trends over the past 5 years: 

  • Finance and Consulting rule as the highest paying domains for HBS graduates
  • Highest median base salary$148,750 in the last 5 years
  • The last 5 years’ trend shows that HBS graduates get hired by Consulting or Financial Services more than from other industries 
  • Just like other B-schools graduates, having technical skills are increasingly in demand by the Technology industry
  • Approximately 30% of all MBA graduates received guaranteed salary component of $132,500 in the Batch 2019

Book a 1-on-1 Consultation Session with Harvard MBA Alumnus

Some of the honourable mentions with highest paying median salaries for the batch 2019 are:

UniversitySalary (2019)
Haas School of Business, University of California, Berkeley$170,000 (Media/Entertainment)
Yale School of Management$152,000 (Consulting)
Chicago Booth School of Business$250,000 (Financial Services)
Darden School of Business - University of Virginia$173,000 (Consulting)
Tuck School of Business, Dartmouth College$200,000 (Financial Services)
Ross School of Business University of Michigan$150,000 (Consulting/Financial Services)
SC Johnson College of Business, Cornell University$197,500 (Legal Services)

Want to know more and how to apply for such programs? Please book a session with our expert!

Author Bio:

Daisan brings on the table, more than 10 years’ experience in the overseas education domain. He has a proven track record of guiding and mentoring students from the beginning of the college application process, to graduation and beyond. He has mentored and guided 800+ students to their dream universities abroad.

Daisen possesses expertise for multiple destinations such as Canada, USA, UK, Germany, Sweden, Ireland, Australia, New Zealand, etc., for different levels of programs (PhD, Master’s, PG Diploma and Bachelor’s).

Book (or Request) a 1-on-1 Consultation Session with Daisan

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Author: Manya Education Group

Manya Education, the largest partner of The Princeton Review (TPR) globally, offers end-to-end guidance and solutions for all the overseas education requirements.

Founded in 1981, The Princeton Review is headquartered in New York, is a part of ST Unitas, a global education company; and has grown to become one of the leading companies in EduTech.

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