The Berkeley Haas MBA Employment Report for 2023 reveals that from the 257 students - 89.9% of graduates actively sought employment, with 88.7% accepting offers.
Notably, the median base salary is $166,650, accompanied by a median sign-on bonus of $36,777, with 69.4% of graduates receiving this additional incentive. A noteworthy 12.7% embarked on careers with startups. Continuing the three-year trend, Consulting and Technology remains the top industry for the Haas MBA program.
Berkeley HAAS MBA Salary: By Industry (2023-24)
Consulting and Technology emerged as the most sought-after sectors, employing 27.60% and 29.80% of graduates, respectively.
In terms of compensation, Consulting also leads with a substantial median base salary of $192,000, a standard median salary seen only at Stanford, Harvard, and Booth, and ahead of Wharton, MIT Sloan, and Duke Fuqua (by $2,000). Notably, Investment Banking follows closely with a median base salary of $175,000 – a standard in the industry for 2023.
Other noteworthy sectors include Financial Services (14.50% hired, $167,300 median salary) and Healthcare (7.50% hired, $150,000 median salary).
Berkeley Haas stands out in the Energy industry with the highest hiring rate of 6.6% among the peer schools, Yale and Ross, and even among the Top MBA programs while also managing to offer a good median base salary of $155,000.
Consumer Packaged Goods (3.9%) and Real Estate (4.4%) are the other major Industries in the Berkeley Haas MBA program, where the median base salary is in the $130,000 range – a limit set by the industry.
| Industry | Percent Hired (2023) | Median Base Salary (2023) |
Consulting | 27.6% | $192,000 |
Consumer Packaged Goods | 3.9% | $130,000 |
Energy | 6.6% | $155,000 |
Financial Services | 14.5% | $167,300 |
Investment Banking | 3.9% | $175,000 |
Venture Capital or Private Equity | 4.8% | $150,000 |
Investment Management | 3.1% | $155,000 |
Healthcare | 7.5% | $150,000 |
Technology | 29.8% | $157,100 |
Real Estate | 4.4% | $130,000 |
Related: Berkeley Haas post-MBA Salary – By Industry: 2021-23
Berkeley HAAS MBA Salary: By Function (2023-24)
Consulting stands out with the highest hiring percentage at 28.10%, reflecting the popularity of the function for career switchers and career enhancers alike. The impressive $192,000 median base salary also contributed to the acceptance rate.
Finance/Accounting, Information Technology, and General Management follow closely with 20.20%, 16.20%, and 15.4% hiring rates, respectively – making Haas the only T10 program to offer 15 and above percentage hires in four post-MBA functions.
Despite Haas’ unique diversity in offers, the median base salary for Finance/Accounting is $160,000 - $15,000 below M7 schools, whereas Information Technology offers a median base salary of $166,150 – one of the best median salaries, just $3000 shy of Product Management function at MIT Sloan, considered the gold standard in remuneration for Technologists pursuing an MBA program.
General Management demonstrates a robust 15.40% hiring rate and a median base salary of $160,000.
Marketing/Sales and Operations/Logistics represent niche areas with 8.80% and 3.10% hiring rates, respectively, with Marketing crossing the $140,000 mark - a much better median base salary than offered by peer schools Duke Fuqua and Ross.
| Functions | Percent Hired (2023) | Median Base Salary (2023) |
Consulting | 28.1% | $192,000 |
Finance/Accounting | 20.2% | $160,000 |
General Management | 15.4% | $160,000 |
Marketing/Sales | 8.8% | $141,750 |
Information Technology | 16.2% | $166,150 |
Operations/Logistics | 3.1% | $155,000 |
Related: Berkeley Haas post-MBA Salary – By Function: 2021-23
Berkeley HAAS Employment Report: By Region (2023-24)
96.5% of post-MBA graduates were placed in the United States whereas 3.5% got the opportunity of international placements.
Within the United States, the West region emerges prominently, accounting for a substantial 75.40% of hires.
San Francisco/North Bay - CA stands out with a notable 38.6% hiring rate. South Bay - CA follows closely with an 18.9% hiring rate.
Haas’ employment opportunities are primarily driven by California in diverse functions within the Technology industry, either directly or in a consulting role or in a FinTech role.
In terms of median base salary, the Northeast region is at the top at $175,000, demonstrating the Finance industry’s return to top form. At the same time, the West region dominates the hiring percentage with a slightly lower median base salary.
On an international scale, Asia attracts a 2.20% hiring rate with a median salary of $100,000 – $30,000 below the range seen in M7 schools for the same region.
Region | Percent Hired (2023) | Median Base Salary (2023) |
United States | 96.5% | $168,000 |
Mid-Atlantic | 1.3% | $165,000 |
Midwest | 1.8% | $127,520 |
Northeast | 9.2% | $175,000 |
South | 5.3% | $171,150 |
Southwest | 3.5% | $128,500 |
West | 75.4% | $168,000 |
International | 3.5% | NA |
Asia | 2.2% | $100,000 |
Europe | .4% | NA |
Latin America & Caribbean | 0.9% | NA |
Berkeley HAAS MBA: Top Employers (2023-24)
The top employers list at Haas has been compiled based on the criteria that the employers have hired 3+ candidates.
3+ might be an extremely low number for other T10 schools while creating this list, but with access to startups at Haas, this criterion was necessary to map out larger recruiters.
Technology giants featured prominently, with Amazon.com, Inc., Apple, Inc., AWS Amazon Web Services, Cisco Systems, Inc., Microsoft Corporation, and Tesla demonstrating a strong presence.
Bain & Company, Deloitte Consulting LLP, Evercore Partners, Boston Consulting Group (BCG), EY-Parthenon, and McKinsey & Company were the consulting recruiters who showed interest in Haas MBA graduates.
Additionally, Financial and strategy-focused organizations like PwC Strategy&, PayPal, Inc., and C3 AI contribute to the diversity of employment opportunities.
| Top Employers |
| Amazon.com, Inc |
| Apple, Inc. |
| AWS Amazon Web Services |
| Bain & Company |
| Cisco Systems, Inc. |
| Deloitte Consulting LLP |
| Evercore Partners |
| PayPal, Inc. |
| Boston Consulting Group, The (BCG) |
| C3 AI |
| EY-Parthenon |
| McKinsey & Company |
| Microsoft Corporation |
| PwC Strategy& |
| TikTok, Inc |
| Tesla |
Berkeley HAAS: Career Service Team - Effectiveness (2023)
69.7% of job offers arose from School-Facilitated Activities, emphasizing the significance of the institution's career service resources.
Internship Conversion, a pathway from internships to full-time positions, proved influential for 40.4% of students.
Student-Facilitated activities involving initiatives led by peers attracted 30.3% of offers.
Job Postings and the Haas Network/Resources each contributed to the career exploration of 11.8% and 9.6% of students, respectively.
Haas Interviews, both on and off-campus, played a pivotal role, with 7.5% of students utilizing this resource to secure employment opportunities.
Additionally, 13.2% leveraged their Personal Network or previous Employer connections, while 3.5% converted internships into permanent roles.
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