Tuck MBA leads all US MBA programs for placements in Consulting (51% by function) and Healthcare/Biotech/Pharma (9% by Industry). The program’s graduates also secured the benchmark median base salary of $175,000, also secured by the peer schools Booth, Darden, and Wharton, except for MIT Sloan ($165,000).
Tuck Full-time MBA Salary by Industry (2022)
With a robust hike of almost 10%, the consulting industry at Tuck was #1 with a 47% hiring rate, the highest among the top US MBA programs. The consulting industry also offered a $175,000 median base salary, the same as the other top MBA programs.
The Finance industry, on the other hand, saw a decline of 3% in total offers. But despite the decrease in the Finance sector, Investment Banking stood healthy with a 13% hiring rate – ahead of Wharton, Booth, and MIT. It also offered the highest total salary of $225,000 annually, meeting the benchmark for Investment banking in all three schools.
Among the schools with CPG/Retail representation, Tuck MBA graduates secured the highest hiring rate of 5%, ahead of Chicago Booth (2%) and MIT (3.6%). The median base salary for CPG/Retail rose by $8,000.
Despite a 4% decline in Healthcare/Biotech/Pharmacy offers at Tuck (9%), it continued to dominate among the peer schools, Chicago (4%), MIT (6.8%), and Wharton (4.7%).
| Tuck MBA Salary by Industry | Percent Hired (2021) | Percent Hired (2022) | Median Base Salary (2022) | Median Sign-On Bonus (2022) | Total Salary (2022) | Total Salary (2021) |
|---|---|---|---|---|---|---|
| Consulting | 36% | 47% | $175,000 | $30,000 | $205,000 | $ 195,000 |
| Investment Banking | 11% | 13% | $175,000 | $50,000 | $225,000 | $ 180,000 |
| Technology | 15% | 11% | $140,000 | $35,000 | $175,000 | $ 160,000 |
| Healthcare/Biotech/Pharma | 13% | 9% | $130,000 | $35,000 | $165,000 | $ 155,000 |
| Consumer Goods, Retail | 5% | 5% | $126,000 | $32,500 | $158,500 | $ 150,000 |
| Investment Management | 5% | 2% | $150,000 | $40,000 | $190,000 | $ 165,000 |
Tuck Full-time MBA Salary by Function (2022)
The percentage of students in consulting (51%) as a function was the highest across all US MBA programs, with the median base and total median salary of $175,000 and $205,000, respectively – matching the benchmark of the offers seen in the top 10 US schools. Even the peer school, MIT, lies nowhere near this data with a 38.3% consulting function hiring rate.
Finance functions (20%) had the second highest offers despite facing a decline of 3% compared to last year. A 4% decline has also been observed in the offers made in General Management (10%), still securing double the offers than MIT’s.
Investment banking (13%) had the third-highest representation with a 2% hike, tied with Wharton, ahead of MIT (5.3%), behind Chicago Booth (15%). As per the 2022 employment report, the consulting schools, Tuck, Wharton, and Columbia, received the same median base salary for Investment Banking as the offers seen in Finance schools (Stern and Chicago Booth). At Dartmouth, Investment Banking offered the highest total compensation of $225,000.
Operations and Logistics had 4% hiring rates, but Corporate Finance offers declined from 5% to 1%.
| Tuck MBA Salary by Function | Percent Hired (2021) | Percent Hired (2022) | Median Base Salary (2022) | Median Sign-On Bonus (2022) | Total Salary (2022) | Total Salary (2021) |
|---|---|---|---|---|---|---|
| Consulting | 39% | 51% | $175,000 | $30,000 | $205,000 | $ 195,000 |
| General Management | 14% | 10% | $131,300 | $40,000 | $171,300 | $ 160,000 |
| Investment Banking | 11% | 13% | $175,000 | $50,000 | $225,000 | $ 180,000 |
| Marketing | 10% | 13% | $140,000 | $30,000 | $170,000 | $ 150,000 |
| Corporate Finance | 5% | 1% | $132,500 | $35,000 | $167,500 | $ 151,000 |
| Private Equity and Venture Capital | 4% | 4% | $150,000 | $30,000* | $180,000 | $180,000 |
* No data, overall median sign-on bonus used
Related: F1GMAT's Tuck MBA Essay Guide (Sample Essays Included)
Tuck Full-time MBA Salary by Locations (2022)
For two consecutive years, 97% of all Tuck graduates were placed in the US and only 3% internationally. However, the internal distribution of the hiring rates has changed.
Boston (29%) and New York (29%) were the top two cities for Tuck graduates, clearly showing a preference for the East Coast over the West Coast. With a 7% hike in the Hiring rates, New York left the second position to share the first place with Boston. The increase in Consulting hiring is the primary reason behind New York City's increasing hiring rates.
West Coast has seen a drastic decline in the hiring rate from 20% in 2021 to just 12% in 2022. The same impact has been observed in the hiring rates of cities on the West Coast, such as San Francisco (6%) and Seattle (4%). The decline in the Finance and Technology sector clearly impacts the West Coast region's employment rate. No other region in the US has faced a decline in the hiring rate.
All the regions in the US except West Coast ($165,000) have received the highest median salary of $175,000.
The international hiring rate of 3% is equally distributed in Asia (1%), Europe (1%), and Canada (1%), with a median base salary of $94,608.
| Tuck MBA Salary By Location | Hired Percent (2021) | Hired Percent (2022) | Median Base Salary (2021) | Median Base Salary (2022) |
|---|---|---|---|---|
| United States | 97% | 97% | $150,000 | $175,000 |
| Northeast | 53% | 59% | $150,000 | $175,000 |
| West | 20% | 12% | $130,000 | $165,000 |
| Mid-Atlantic | 8% | 8% | $130,000 | $175,000 |
| Mid-West | 7% | 8% | $125,000 | $175,000 |
| Southwest | 5% | 6% | $145,000 | $175,000 |
| South | 3% | 5% | $120,000 | $175,000 |
| International | 3% | 3% | $94,608 | $127,439 |
Tuck Full-time MBA - Top Employers
Dartmouth Tuck’s top employers were not ranked in any order. As per the school, some of the top employers at Dartmouth Tuck were from Consulting, Finance, and Technology trio. The majority of employers among the top employers belonged to the Consulting sector. These employers were BCG (Boston Consulting Group), McKinsey and Company, Bain and Company, Deloitte, and EY Parthenon. Bank of America and Barclays were the top firms representing the Finance sector, and similarly, top employers in the Technology firm were Amazon, Danaher, and Google.
Related Download
References
