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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%).

Reference:
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
Consulting27%$140,000$25,000$165,000
Finance29%$125,000$40,000$165,000
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
Marketing13%$110,000$25,000$135,000
Product Management7%$122,500$30,000$152,500
Other4%$100,000$25,000$125,000
Strategic Planning7%$104,250$30,000$134250

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.

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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

Top 31 MBA Programs + Analysis of 24 Industries (United States)


We analyze the MBA Curriculum, Class Profile, Total Cost and Post-MBA Salary of Top 31 MBA programs in the US.

+ Industry Trends

+ Future of Aerospace, Agriculture, Artificial Intelligence (AI), Automobile, Clean Tech, Education, Energy, Fashion, Financial Services, Insurance, FinTech, Government, Healthcare, Life Sciences, Military, Manufacturing, Maritime, Media/Advertising, Technology, Tourism, Trade, Transportation and Logistics, Virtual Reality (VR), and Augmented Reality (AR).


Pages: 327

Reviews

"I have not reviewed many books for MBA Admission consulting companies but doing it now to give all applicants a brief idea on what the book covers. The book includes 31 top MBA programs - almost all the top schools you have heard or considering for your MBA application. Each chapter is categorized by US States where there is at least one top MBA program. So you have California and Massachusetts with the most number of MBA programs and several states with one top program (Washington, Minnesota, Washington D.C., Connecticut, Virginia, and Maryland) and other states with two to three MBA programs. The book focuses on four aspects of an MBA program - curriculum, cost, class profile and post-MBA salary. For me, the breakdown of the cost and post-MBA industry was useful to make my decision on selecting the top 5 programs for 2017-18. It is a fascinating read in an industry where consultants overprice for their expertise. I recently bought a 30-page guide for $49. Compared to the obvious observation in that book, the 300+ page, MBA in US - the Ultimate guide is a goldmine of information and analysis." - Verified Purchase (21st June 2017)

"I bought the ultimate guide after a friend recommended it for me. The guide covers a lot of ground on the history of each prominent US states and goes into the reasons why a certain industry emerged from each state. In addition to the analysis of the economy, trends and expected changes in the next 5 years, the book features top MBA programs in each state with an extensive study of its curriculum. Ultimate guide is an essential reference book for MBA Applicants if they want to shortlist MBA programs based on value and cost, and not just ranking. " - Verified Purchase (14th June 2017)

"Should be a required reading before applying for an MBA. School events and MBA Tours are PR events disguised as a Q&A. On the contrary, the book is an unbiased analysis of each Top MBA program in the US supported by a large dataset and historical context on each industry. The guide builds a case for indstries that are likely to emerge as favourite for MBA graduates. Thorough and a valuable book." - Verified Purchase (15th June 2017)

"What I liked: The breadth of the information. Some of my favorite nonfiction books have taken the same approach as the ultimate guide have - cover background information in-depth. In the book, the author uses parallel threads to demonstrate the history of the state and the rise of industries. Will make you think how schools thrive based on the policy set by the state. California's obsession with Technology has revolutionized how we do Business and changed post-MBA trends. Many MBA applicants will be consulting or doing marketing for a Technology company. That is one key finding from the book. The latest development in AI, FinTech, and Automation is an additional context that I found valuable in the book.

Very informative. I would recommend that you read the book at least once in chronological order before using Table of Contents." - Verified Purchase (2nd July 2017)

Download How to Choose the Best MBA in US: The Ultimate Guide
(2018 Entering Class)

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