Harvard Full-time MBA Salary Job Function & Industry (2017)

For the Class of 2016, the median Base Salary was $135,000 with a quarter of the class earning a median salary of $118,000 and the remaining 75% earning $147,000. Financial Services overtook Consulting by $5,000 to attract the best pay package of $150,000 median base salary. MBAs joining non-profit cited the lowest pay at a median base salary of $110,000.

Harvard MBA Salary by Industry
When you compare the job functions – consulting leads at $140,000 while Venture Capital/Private Equity takes the second position with $131,875 median base salary.
Harvard MBA Salary by Function

The best data point to measure the impact of a top MBA program is the salary by location. For Harvard MBAs, International location fetched only $8000 less than the salary earned in the United States – a factor that makes HBS MBA the most sought after program. For the HBS Class of 2016, the majority (23%) found job opportunities in New York City, followed by California Bay Area (15%) and Boston (14%).

Harvard MBA Employment Report

Harvard MBA Salary% Median Base Salary Median Signing Bonus Total Salary (Median)
By Industry100% $135,000 $25,000 $160,000
Consulting25% $145,000 $25,000 $170,000
Consumer Products 3% $104,000 $25,000 $129,000
Entertainment / Media 3% $130,500 $15,000 $145,500
Financial Services 28% $150,000 $40,000 $190,000
Health Care 8% $125,000 $20,000 $145,000
Manufacturing 5% $125,000 $25,000 $150,000
Nonprofit/Government 2% $90,000 * $90,000
Retail / Trading 2% $110,000 $25,000 $135,000
Services 4% $110,000 $15,000 $125,000
Technology 19% $125,000 $30,000 $155,000
Harvard MBA Salary% Median Base Salary Median Signing Bonus Total Salary (Median)
By Function $118,000 $25,000$143,000
Business Development7%$118,750$30,000$148,750
Investment Banking4%$125,000$45,000$170,000
Investment Management / Hedge Fund8%$125,000$35,000$160,000
Venture Capital / Private Equity / LBO12%$131,875$25,000$156875
General Management12%$110,000$20,000$130,000
Leadership Development3%$107,500$20,000$127,500
General Management6%$113,750$23,000$136,750
Product Management7%$122,500$30,000$152,500
Strategic Planning7%$104,250$30,000$134250

Inside Comprehensive MBA Research Guide

Top MBA Programs by 19 Specializations: General Management, Finance, Consulting, Marketing, Strategy, Operations Management, Supply Chain Management, Luxury Management, Information Systems, Hospitality Management, Accounting, Energy, Non-Profit, Wine, Sports, Sustainability, Leadership Development, Military & International.

Extensive Comparative Analysis of Top MBA Programs

Download F1GMAT's Comprehensive MBA Research Guide

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Getting into Harvard MBA is Not Like Catching a Shooting Star

Most applicants have this strange notion that you cannot get into Harvard MBA program without climbing Mount Everest, or leading a start-up to an IPO. 

Trust us, we evaluated a few Harvard MBA Admits. They are like you, but with one difference.

They are Masters at Personal Branding.

We will teach you:

1) How you should start the essay knowing that extroversion and passion are valued in Harvard MBA?

2) How you should demonstrate Active Learning?

3) How you should demonstrate confidence in decision-making?

4) How you should demonstrate your succinct communication skills?

5) How you should demonstrate your potential as an effective FIELD team member?

Also Included in the Essay Guide:

1) Six positioning tips that you should consider for your essay.

2) Two Sample Essays

Download F1GMAT's Harvard MBA Essay Guide 2016-17