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Top 30 US MBA - Median Base Salary (2024)

Stanford MBA program tops the list of Median base salary with $182,500 followed by Chicago Booth with a median base salary of $180,000. 

The third position is a tie among 12 MBA programs with a median base salary of $175,000, which includes Yale, Columbia, Wharton, Kellogg, NYU Stern, Darden, Cornell, Fuqua, McCombs, Tuck, Harvard, and Ross.

MIT remained $5000 behind the average median salary at fourth place.

Paul Merage School of Business and Board College of Business offered the lowest salary among the Top 30 US MBA programs at $120,000.

The difference in median base salary between the lowest-ranking and the highest-ranking Top 30 MBA programs in the US is $60,000 to $65,000.

The consolidated median base salary could be misleading as Finance and Consulting are the best earning industries.

Technology is at third while other industries have offers that are 20-30% lower than the three industries. Since most demand is in the Consulting and Finance industries, the median salary of each school is often representative of the two industries.

For a detailed split up of Salary trends by School, Industry, Function, and Region, read MBA Salary Trend Analysis as part of F1GMAT Premium.

 

RankBusiness School NameMedian Base Salary
1Stanford Graduate School of Business$182,500
2University of Chicago Booth School of Business$180,000
3Yale School of Management$175,000
3Columbia Business School$175,000
3Wharton Business School$175,000
3NYU Stern School of Business$175,000
3Kellogg School of Management$175,000
3Dartmouth Tuck$175,000
3Johnson Graduate School of Business$175,000
3Darden School of Business$175,000
3Fuqua School of Business$175,000
3McCombs School of Business$175,000
3Harvard Business School$175,000
3Ross School of Business$175,000
4MIT Sloan School of Management$170,000
5Haas School of Business$166,650
6Tepper School of Business (average)$156,291
7Jones Graduate School of Business$156,500
8Foster School of Business (Average)$151,322
9UCLA Anderson$150,000
10USC Marshall School of Business$150,314
11McDonough School of Business (average)$149,256
12Carlson School of Management (Mean)$141,471
13UNC Chapel Hill Kenan-Flagler Business School$ 141,300
14Kelley School of Business$137,500
15Mendoza College of Business$130,000
16BU Questrom School of Business$125,000
17UC Davis Graduate School of Business (average)$123,419
18Smeal College of Business$120,500
19Paul Merage School of Business$120,000
19Broad College of Business$120,000

Related Service
 •  F1GMAT's Essay Editing Service (US MBA Programs)
 Next Read
 • Top 30 US MBA - Total Salary and Total Cost
 • Top 30 US MBA - By Tuition Fees

About the Author 

Atul Jose

I am Atul Jose, Founding Consultant of F1GMAT, an MBA admissions consultancy that has worked with applicants since 2009.

 

For the past 15 years I have edited the application files of admits to the M7 programs: Harvard Business School, Stanford Graduate School of Business, the Wharton School, MIT Sloan, Chicago Booth, Kellogg School of Management, and Columbia Business School, together with admits to Berkeley Haas, Yale School of Management, NYU Stern, Michigan Ross, Duke Fuqua, Darden, Tuck, IMD, London Business School, INSEAD, SDA Bocconi, IESE Business School, HEC Paris, McCombs, and Tepper, plus other programs inside the global top 30.

 

My work covers the full MBA application deliverable: career planning and profile evaluation, application essay editing, recommendation letter editing, mock interviews and interview preparation, scholarship and fellowship essay editing, and cover letter editing for funding applications. Full bio with credentials and admit history is here.

 

I am the author of the Winning MBA Essay Guide, the best-selling essay guide covering M7 MBA programs. I have written and updated the guide annually since 2013, which makes the 2026 edition the thirteenth.

 

The reason I still write and edit essays every cycle: a good MBA essay carries a real applicant's voice. Writing essays for F1GMAT's Books and Editing essays weekly is how I stay calibrated to what current admissions committees respond to.

 

Contact me for school selection, career planning, essay strategy, narrative development, essay editing, interview preparation, scholarship essay editing, or guidance documents for recommendation letters.