NYU Stern MBA Employment Report - Class of 2023
Sternies have set a new milestone for the MBA Class of 2023. The median base salary for the class has reached an all-time high of $175,000 - $5,000 more than the previous year. Additionally, the average total salary for the Class of 2023 has increased from $196,143 to a new high of $201,727. The latest MBA employment report highlights that 94 percent of the 315 graduates (equivalent to 89% of the class) who were seeking employment accepted positions within three months of graduation.
Stern MBA Salary - By Industry
Which is the best post-MBA industry for Stern MBA?
Consulting gained traction, while finance and technology have seen slight declines in 2023.
With a 10% increase, Consulting makes up 41.90% of all hires. However, Finance and Technology experienced declines, with finance seeing a 5% decrease, representing 29.40% of placements, and technology/telecommunications with a 3% decrease, accounting for 14.20% of hires.
Consulting emerged as the highest-paying industry, with a median salary of $188,000 and a competitive average signing bonus of $30,179. Financial Services offered a median salary of $175,000 but had the highest average signing bonus at $54,539. Technology/Telecommunications had a median salary of $152,000 and an average signing bonus of $41,680.
| Stern MBA Salary by Industy | % Hired | Median Salary | Average Signing Bonus |
| Consulting | 41.9% | $188,000 | $30,179 |
| Financial Services | 29.4% | $175,000 | $54,539 |
| Technology/Telecommunications | 14.2% | $152,000 | $41,680 |
| Consumer Packaged Goods | 3% | $125,000 | $30,000 |
| Entertainment/Media/Sports | 3.4% | $140,000 | NA |
| Law | 2.4% | $215000 | NA |
Stern MBA Salary - By Function
The NYU Stern MBA employment report for 2023 shows significant shifts in hiring functions compared to the previous year.
Which is the best post-MBA function for Stern MBA?
Consulting saw a remarkable 11% increase, accounting for 48.50% of all hires. Management consulting specifically saw a substantial 12% surge in recruitment, constituting 35.80% of placements. On the other hand, Marketing/Sales and Investment Banking both experienced a 4% decline.
Marketing/Sales comprised 10.20% of hires, while Investment Banking represented 19.50%.
The overall salary trends are relatively consistent, with Consulting and Management offering competitive median salaries at $185,000 and $180,067, respectively. Investment Banking continued to provide the same median salary but with an average signing bonus of $57,518. Marketing/Sales offered a median salary of $150,000, while Finance/Accounting roles had a high average signing bonus of $53,237.
| Stern MBA Salary by Function | % Hired | Median Salary | Average Signing Bonus |
| Consulting | 48.5% | $185,000 | $29,828 |
| Management | 35.8% | $180,067 | $30,797 |
| Technology | 2.7% | $175,000 | $30,714 |
| Finance/Accounting | 31.4% | $175,000 | $53,237 |
| General/Corporate | 3.8% | $132,500 | $31,047 |
| Investment Banking | 19.5% | $175,000 | $57,518 |
| Private Equity | 1.7% | $190,000 | NA |
| Venture Capital | 2% | $140,000 | NA |
| Management | 4.8% | $130,000 | $27,243 |
| General Management | 2.7% | $137,500 | $24,000 |
| Marketing/Sales | 10.2% | $150,000 | $43,987 |
| Product Management | 6.5% | $155,000 | $46,731 |
| Law | 2.4% | $215,000 | NA |
By Region
The Northeast dominated the NYU Stern MBA employment report, with 77.60% of graduates hired, securing a median base salary of $175,000. The West and Asia & Middle Eastern regions also made a significant impact, with 8.70% and 2.40% respectively. In terms of median base salary, the Mid-Atlantic region matched the Northeast.
Asia/the Middle East and Europe were two major destinations for students placed internationally, with 2.4% and 2.1% hiring rates, respectively.
| North American Region | % Hired | Median Base Salary |
| Mid-Atlantic | 3.8% | $175,000 |
| Midwest | 1.4% | $156,500 |
| Northeast | 77.6% | $175,000 |
| South | 1% | NA |
| Southwest | 2.8% | $165,000 |
| West | 8.7% | $147,500 |
| World Regions | % Hired | Median Base Salary |
| Asia & Middle East | 2.4% | $110,000 |
| Europe | 2.1% | $123,371 |
Top Employers at NYU Stern MBA
How effective was the Career Service team for the Stern MBA Class of 2023?
Out of all the opportunities available, only 15.9% were discovered by students themselves, while 84.1% were facilitated by schools. Of the available jobs, 63.2% were full-time internships, while 13.7% were obtained through on-campus interviews at Stern, and only 2.9% of students availed the opportunities through Stern Network (which includes alumni referrals, faculty referrals, clubs, and treks).
Who were the top Employers?
The NYU Stern MBA employment report for the class of 2023 shows McKinsey & Company as the top employer with 24 hires in the consulting industry, followed closely by Deloitte with 18.
Strategy& and Boston Consulting Group (BCG) have 15 and 13 acceptances, respectively, further emphasizing the strong presence of consulting firms. EY-Parthenon and Bain & Company, with 12 acceptances each, also contribute to this trend.
Amazon, as in other top US MBA programs, leads among Tech giants with 10 acceptances, while J.P. Morgan and Credit Suisse dominate the finance sector with 8 and 7 acceptances, respectively.
| Top Employers | Number of Acceptance |
| McKinsey & Company | 24 |
| Deloitte | 18 |
| Strategy& | 15 |
| Boston Consulting Group (BCG) | 13 |
| EY-Parthenon | 12 |
| Bain & Company | 12 |
| Amazon | 10 |
| J.P. Morgan | 8 |
| PricewaterhouseCoopers (PwC) | 7 |
| Credit Suisse | 7 |
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Reference: NYU Stern MBA 2023 Employment Report