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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)
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 • Top 30 US MBA - Total Salary and Total Cost
 • Top 30 US MBA - By Tuition Fees

About the Author 

Atul Jose - Founding Consultant F1GMAT

I am Atul Jose - the Founding Consultant at F1GMAT.

Over the past 15 years, I have helped MBA applicants gain admissions to Harvard, Stanford, Wharton, MIT, Chicago Booth, Kellogg, Columbia, Haas, Yale, NYU Stern, Ross, Duke Fuqua, Darden, Tuck, IMD, London Business School, INSEAD, IE, IESE, HEC Paris, McCombs, Tepper, and schools in the top 30 global MBA ranking. 

I offer end-to-end Admissions Consulting and editing services – Career Planning, Application Essay Editing & Review, Recommendation Letter Editing, Interview Prep, assistance in finding funds and Scholarship Essay & Cover letter editing. See my Full Bio.

Contact me for support in school selection, career planning, essay strategy, narrative advice, essay editing, interview preparation, scholarship essay editing and guiding supervisors with recommendation letter guideline documents

I am also the Author of the Winning MBA Essay Guide, covering 16+ top MBA programs with 240+ Sample Essays that I have updated every year since 2013 (11+ years. Phew!!)

I am an Admissions consultant who writes and edits Essays every year. And it is not easy to write good essays. 

Contact me for any questions about MBA or Master's application. I would be happy to answer them all