In the 2023-24 Stanford Employment Report, Stanford MBA graduates demonstrated strong employment outcomes, with 89% accepting job offers and an 82% job offer rate. A notable 25% pursued entrepreneurial ventures, reflecting a spirit of innovation and enterprise fostered within the Stanford community.
The median base salary is $182,500, with a $50,000 median performance bonus and a $30,000 median signing bonus.
The prevalent industries for employment remain Finance, Technology, and Consulting, showcasing the program's ongoing impact on these sectors. These statistics affirm Stanford's continued success in preparing graduates for diverse and competitive career paths.
Stanford MBA Employment Statistics: By Industry (2023-24)
In the Stanford MBA Employment Statistics for 2023-24, Finance emerges as the dominant industry, boasting the highest percentage of hires at 38%. The sector also offers the highest median base salary, standing at $200,000, with an additional $30,000 median sign-on bonus, resulting in the highest total salary of $230,000.
Consulting and Technology follow closely, each contributing significantly to the overall employment landscape with 15% and 24% of hires, respectively. While Consulting matches Finance in sign-on bonus, Technology lags slightly in both base salary and total compensation.
Healthcare, Consumer Product, Energy, and Media/Entertainment collectively shape the diverse professional journey of Stanford MBA graduates.
| Stanford MBA Salary by Industry | Percent Hired (2023) | Median Base Salary (2023) | Median Sign-On Bonus (2023) | Total Salary (2023) |
| Finance | 38% | $200,000 | $30,000 | $230,000 |
| Consulting | 15% | $192,000 | $30,000 | $222,000 |
| Technology | 24% | $177,500 | $25,000 | $202,500 |
| Healthcare | 4% | $170,000 | $15,000 | $185,000 |
| Consumer Product | 3% | $175,000 | NA | NA |
| Energy | 3% | $177,500 | NA | NA |
| Media/Entertainment | 2% | NA | NA | NA |
Stanford MBA Salary By Industry: 2021 Vs. 2022 Vs. 2023
Stanford MBA Employment Statistics: By Function (2023-2024)
Private Equity emerges as a top choice, boasting a 14% hiring rate and the highest median base salary at $215,000. Investment Management stands out with the highest total salary of $250,000, driven by a substantial $50,000 median sign-on bonus.
Management Consulting is a perennial favorite and contributes significantly to the Stanford MBA placement legacy with a 15% hire rate and a $192,000 median base salary.
Notably, the Product Manager function, representing 7% of hires, combines a competitive median base salary of $200,000 with a below median sign-on bonus ($22,350), resulting in a noteworthy total salary of $222,350.
Business Operations/Strategy/Planning secures the highest hiring percentage at 17%, indicating its growing importance, while Business Development and Chief of Staff functions provide unique opportunities within the Stanford MBA employment portfolio.
Sign-on Bonus: As expected. one of the finance functions – Investment Management, has the highest sign-on bonus ($50,000), while bonuses in other functions on joining were in the $22,350 to $30,000 range.
| Stanford MBA Salary by Function | Percent Hired (2023) | Median Base Salary (2023) | Median Sign-On Bonus (2023) | Total Salary (2023) |
| Private Equity | 14% | $215,000 | $25,000 | $240,000 |
| Management Consulting | 15% | $192,000 | $30,000 | $222,000 |
| Venture Capitalist | 11% | $175,000 | $25,000 | $200,000 |
| Investment Management | 6% | $200,000 | $50,000 | $250,000 |
| Product Manager | 7% | $200,000 | $22,350 | $222,350 |
| General Management / Rotational / Leadership | 6% | $215,000 | NA | NA |
| Business Dev. | 5% | $171,000 | NA | NA |
| Business Ops/Strategy/Planning | 17% | $165,000 | $25,000 | $190,000 |
| Chief of Staff | 7% | $180,000 | NA | NA |
Stanford MBA Salary By Function: 2021 Vs. 2022 Vs. 2023
Stanford MBA Employment Statistics: By Location
In 2023, Stanford MBA post-MBA employment statistics reveal a strong presence in North America at 93%, a 3% decline compared to 2022, with the West Coast leading at 50%.
The median base salary in the United States has increased by $15,000 to $190,000, significantly higher than the global median of $125,000. Notable regional percentages include the Northeast at 31% and Asia, Australia, and Oceania at 2%. This distribution reflects the ongoing influence of the technology industry on the West Coast economy and the diversified international placements.
| Location | Percent Hired (2023) | |
| North America | 93% | |
| Mid-Atlantic | 2% | |
| Midwest | 3% | |
| Northeast | 31% | |
| South | 3% | |
| Southwest | 3% | |
| West | 50% | |
| Africa | 1% | |
| Asia, Australia, and Oceania | 2% | |
| Europe | 1% | |
| South America | 2% |
Stanford MBA Employment Statistics: Entrepreneurship (2023)
The entrepreneurial culture at Stanford GSB remains robust, evident in the post-MBA pursuits of the Class of 2023. A noteworthy 25% of graduates have opted for entrepreneurship, signalling a sustained interest in independent ventures. While technology continues to be a prevalent sector for new initiatives, the notable surge in students pursuing search funds underscores a diversification of entrepreneurial endeavors from technology to innovative funding functions.
A total of 101 MBA graduates have actively pursued entrepreneurial paths, with a distribution across sectors: 49% in technology, 17% in Consumer, 16% in Enterprise, 10% in FinTech, and 12% in Healthcare.
The representation of women in this cohort, constituting 38% of those venturing into startups, is a notable aspect of the entrepreneurial landscape.
Stanford MBA Career Service Team - (2023)
The Stanford MBA Career Services for the class of 2023 exhibits a strong influence, with 54% of job placements facilitated by the school.
The GSB network played a pivotal role, contributing to 26% of placements, while internships obtained through school contributed 10% to full-time positions.
The GSB Job Board or Resume Book and CMC-Managed Events/Activities/Interviews each accounted for 9%, showcasing the diverse avenues through which Stanford MBA students secure employment.
On the graduate-facilitated side, 46% of placements were school-supported, presenting a balanced approach to career development.
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