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.
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.
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