The 2023-24 Tuck MBA employment report confirms a median base salary of $175,000 and a generous median sign-on bonus of $30,000. Notably, 83% of graduates received sign-on bonuses whereas in other peer and M7 schools, the percentage is often between 60 and 70%.
Tuck MBA Salary: By Industry (2023-24)
Consulting emerged as the leading sector, employing 46% of graduates. With a median base salary of $190,000 (benchmark in M7), and a median signing bonus of $30,000, the total salary has touched $220,000, closing in on the $250,000 cost of a 2-year top US MBA program.
Finance follows closely, with 23% of graduates entering the sector.
The median base salary in Finance is $175,000, complemented by a substantial median signing bonus of $50,000, resulting in a total salary of $225,000.
Investment Banking, constituting 14% of placements, proved to be another strength at Tuck with a median base salary of $175,000, a signing bonus of $53,800, and a total salary of $228,800 – also aligned with the benchmark for IB at M7 schools.
The Technology sector also commands a notable presence, absorbing 14% of Tuck MBA graduates. Although slightly lower in compensation compared to Consulting and Finance, Technology positions offer competitive salaries, with a median base salary of $160,500, a signing bonus of $35,000, and a total salary of $195,500.
Other significant industries include Healthcare/Biotech/Pharma (6%), Consumer Goods, Retail (6%), and Investment Management (3%).
Consumer Goods and Retail compensation is below the $130,000 threshold, while Healthcare/Pharma is marginally above the $130,000 average. Investment Management, a declining industry, continues to meet the baseline $150,000 median base salary at Tuck.
| Dartmouth Tuck MBA Salary by Industry | Percent Hired (2023) | Median Base Salary (2023) | Median Signing Bonus (2023) | Total Salary (2023) |
| Consulting | 46% | $190,000 | $30,000 | $220,000 |
| Finance | 23% | $175,000 | $50,000 | $225,000 |
| Investment Banking | 14% | $175,000 | $53,800 | $228,800 |
| Technology | 14% | $160,500 | $35,000 | $195,500 |
| Healthcare/Biotech/Pharma | 6% | $135,000 | $35,000 | $170,000 |
| Consumer Goods/Retail | 6% | $128,000 | $30,000 | $158,000 |
| Investment Management | 3% | $150,000 | $40,000 | $190,000 |
Tuck MBA Salary: By Function (2023-24)
Consulting emerged as the most sought-after function, with an impressive 49% securing positions in this function. Notably, consultants enjoy a median base salary of $190,000 and a signing bonus of $30,000, contributing to a total salary of $220,000.
Investment Banking also commands a substantial presence, with 14% of graduates opting for this high-paced and financially rewarding function. The median base salary of $175,000, coupled with a generous signing bonus of $53,800, takes the total to the top of the board at $228,800.
Marketing continued to be a strength at Tuck, attracting 11% of Tuck’s MBA graduates. The median base salary of $146,400, combined with a signing bonus of $37,500, places marketing professionals at a competitive total salary of $183,900.
In addition to these functions, the 2023 employment report highlights the diversity of career paths chosen by Tuck MBA graduates.
Functions such as General Management (8%), Private Equity and Venture Capital (3%), and Operations and Logistics (4%) each contribute to the top functions at Tuck.
The PE/VC remuneration is on the lower side in terms of median base salary and even signing bonus, while General Management barely met the $140,000 to $150,000 benchmark for an M7 or a T10 school.
Operations/Logistics remuneration was on the upper end of the $130,000-$140,000 range, whereas Corporate Finance – another rare post-MBA function had 1% representation with a strong $175,000 median base salary.
| Dartmouth Tuck MBA Salary by Function | Percent Hired (2023) | Median Base Salary (2023) | Median Signing Bonus (2023) | Total Salary (2023) |
| Consulting | 49% | $190,000 | $30,000 | $220,000 |
| General Management | 8% | $140,000 | $35,000 | $175,000 |
| Investment Banking | 14% | $175,000 | $53,800 | $228,800 |
| Marketing | 11% | $146,400 | $37,500 | $183,900 |
| Corporate Finance | 1% | $175,000 | $25,000 | $200,000 |
| Private Equity and Venture Capital | 3% | $162,500 | $10,000 | $172,500 |
| Operations/Logistics | 4% | $137,500 | $30,000 | $167,500 |
Tuck MBA Salary: By Location (2023-24)
95% of Tuck MBA graduates secured positions within the United States, with the Northeast emerging as the most favored region, attracting 53% of graduates. These professionals command a median base salary of $175,000. The West also stands out, with 14% of graduates finding opportunities and maintaining a median base salary of $175,000.
The Southwest and South regions further contribute to the U.S. employment landscape, with 8% and 6% of graduates securing positions, respectively. Professionals in the Southwest enjoy a higher median base salary of $182,500, while those in the South command an even more lucrative median base salary of $192,000.
Internationally, 5% of Tuck MBA graduates ventured beyond U.S. borders, with Europe and Asia each constituting 2% of the total placements.
European placements come with a median base salary of $112,652, while positions in Asia offer an impressive median base salary of $139,947.
| Dartmouth Tuck MBA Salary By Location | Percent Hired (2023) | Median Base Salary (2023) |
| United States | 95% | $175,000 |
| Northeast | 53% | $175,000 |
| West | 14% | $175,000 |
| Mid-Atlantic | 5% | $170,500 |
| Mid-West | 10% | $170,500 |
| Southwest | 8% | $182,500 |
| South | 6% | $192,000 |
| International | 5% | $120,981 |
| Europe | 2% | $112,652 |
| Asia | 2% | $139,947 |
Tuck MBA: Top Employers (2023-24)
Consulting giants like Boston Consulting Group, Bain & Company, and McKinsey & Company led the way, underscoring the enduring appeal of strategy and management consulting roles.
Financial institutional giants - Bank of America, Morgan Stanley, JP Morgan, and Goldman Sachs featured prominently in the 2023 graduating class.
Technology giants Amazon and Google remained key players in attracting Tuck graduates, while diversified companies like Danaher, EY Parthenon, and Deloitte reinforced the program's commitment to producing versatile business leaders across various niche consulting and manufacturing sectors.
| Tuck MBA | Top Hiring Companies |
| Boston Consulting Group | Bank of America |
| Bain & Company | Danaher |
| McKinsey & Company | EY Parthenon |
| Amazon | |
| Deloitte | Morgan Stanley |
| Barclays | JP Morgan |
| Goldman Sachs |
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