NYU Stern made headlines when the school achieved the best post-MBA salary for 2022 tied with Chicago Booth Full-time MBA program. Stern, Haas and Tuck had threatened the M7 School's unique status.
In this in-depth analysis of the NYU Stern MBA Employment trends and Salary for the 2021 Graduating Class, we cover:
• NYU Stern MBA Salary by Industry (2021)
• NYU Stern MBA Salary by Function (2021)
• NYU Stern MBA Salary by Location (2021)
• NYU Stern MBA Top Employers (2021)
• NYU Stern MBA Career Service Team - Effectiveness (2021)
NYU Stern MBA Salary by Industry (2021)
The Consulting, Finance, and Technology trio dominated the top industries at Stern. Consulting found the largest representation (31%), and the total salary was in alignment with the benchmarked amount for the industry - $195,000.
The proximity to Wall Street makes NYU Stern the key source of MBA talent year-on-year. Up 3% from last year, in 2021, nearly a third of the class opted for investment banking roles and secured the highest median base salary of $175,000, tied with the offers received by Chicago Booth MBAs.
The high pre-MBA salary in law influenced the Law industry to earn the highest post-MBA salary of $190,000. Fifth place was a tie between the retail, private equity, and consumer packaged goods industries, each hiring 2% of graduates at Stern.
| NYU Stern MBA Salary By Industry | Percent Hired | Median Base Salary | Average Sign-On Bonus |
|---|---|---|---|
| Consulting | 31% | $165,000 | $30,351 |
| Investment Banking | 28% | $175,000 | $51,754 |
| Technology/Telecommunications | 19% | $130,000 | $38,118 |
| Law | 4% | $190,000 | No Data |
| Retail | 2% | $120,000 | $26,250 |
| Private Equity | 2% | $125,000 | No Data |
| Consumer Packaged Goods | 2% | $115,000 | $34,833 |
NYU Stern MBA Salary by Function (2021)
Consulting function that also include management and strategy consulting dominated hiring at NYU Stern, representing more than a third of all graduates. Investment banking was the second most popular function, followed by product management.
The salaries ranged from $130,000 to $190,000 with Product Management and Strategy Consulting earning the lowest median base salary while Law, Investment Banking and Management Consulting took the top 3 best functions by remuneration.
| NYU Stern MBA Salary By Function | Percent Hired | Median Base Salary | Average Sign-On Bonus |
|---|---|---|---|
| Management Consulting | 26% | $165,000 | $30,639 |
| Investment Banking | 26% | $175,000 | $51,890 |
| Strategy Consulting | 7% | $137,500 | $33,125 |
| Product Management | 6% | $130,000 | $33,957 |
| Law | 4% | $190,000 | No Data |
NYU Stern MBA Salary by Location (2021)
95% of Stern MBAs secured employment in North America with the balance 5% across Europe (2.4%), Asia & Middle East (1.4%) and Latin America (1%).
The middle-east offers were 2nd only to the US (median salary of $140,000).
76% of all NYU Stern MBAs secure employment in New York with a median base salary of $160,000. 12% opted for jobs on the West Coast, primarily in product management, for a median base salary of $135,000.
NYU Stern MBA Top Employers (2021)
Top employers at NYU Stern was dominated by a mix of Finance and Consulting firms, with the occasional appearance of technology firms like Amazon, Adobe, and Google.
| Rank | NYU Stern MBA Top Employers | No. of Hires |
|---|---|---|
| 1 | McKinsey & Company | 17 |
| 2 | Amazon | 15 |
| 3 | Credit Suisse | 13 |
| 4 | Boston Consulting Group (BCG) | 11 |
| 4 | Bank of America | 11 |
| 5 | Goldman Sachs & Co | 8 |
| 5 | Strategy& | 8 |
| 5 | EY-Parthenon | 8 |
| 6 | PricewaterhouseCoopers | 7 |
| 6 | J.P. Morgan | 7 |
| 7 | Bain & Company | 6 |
| 7 | American Express | 6 |
| 7 | Citi | 6 |
| 7 | Kearney | 6 |
| 8 | Deloitte | 5 |
| 8 | Morgan Stanley | 5 |
| 9 | Evercore Partners | 4 |
| 10 | Barclays Capital Group | 3 |
| 10 | Adobe | 3 |
| 10 | Guggenheim Partners | 3 |
| 10 | Wayfair | 3 |
| 10 | RBC Capital Markets | 3 |
| 10 | EY | 3 |
| 10 | 3 | |
| 10 | Marsh & McLennan Companies, Inc. | 3 |
McKinsey dominated all hires, followed by Amazon and Credit Suisse, demonstrating the hold Consulting, Finance, and Technology trio has on the post-MBA job market.
NYU Stern MBA - Career Service Team - Effectiveness (2021)
The school facilitated 84% of the jobs and the remaining were initiated by the students.
58% of Stern MBAs secured their full-time role by converting their summer internships (school-facilitated). Understandably so as Investment Banking offers for career switchers require a mandatory internship.
14% of offers were converted through on-campus interviews while Alumni have facilitated an average of 2.7% of all hires over a three-year period.
The major sources of student-initiated job offer were through online job postings and personal contacts.
Related Services
• F1GMAT’s Career Planning Service
• F1GMAT’s Essay Review Service
Related Books
• F1GMAT’s NYU Stern MBA Essay Guide
• F1GMAT’s Winning MBA Essay Guide (Includes NYU Stern MBA Essay Tips and Samples)
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