I will teach you how to bring your life stories to essays faster with F1GMAT's essay guides. Download below or subscribe to F1GMAT's Service and work with me - Atul Jose, Author/Editor/Founding Consultant, F1GMAT(16 Years of helping applicants gain admissions to M7 and Top 30 schools) The Consulting industry emerged as a dominant industry for Yale MBA according to the 2023 employment report, with a staggering 44.20% hiring rate, higher than any M7 school and 2nd among the T10 schools after Tuck.
Yale MBA Salary: By Industry (2023)
The Consulting industry offers a median base salary of $190,000 and a respectable signing bonus of $30,000, a signing bonus seen around NY region.
Finance, another prominent sector, boasts a solid 22.30% hiring rate, similar to the hiring rate of other T10 schools such as MIT, Kellogg, Duke, Haas, Tuck, and Ross, but stands far behind Finance schools Stanford (38%), Cornell (42%), and Wharton (37%). However, the lower hiring rate is compensated with the second-highest median signing bonus of $48,750, reflecting the industry's competitiveness in attracting top talent, with a median base salary of $175,000, matching the industry standard.
In the Technology sector, despite a relatively lower hiring rate of 10% - lowest among the T10 schools, the industry offers competitive median base salaries of $166,500 - second highest among T10 schools after Stanford with an above average signing bonuses of $35,000.
Retail, although with a lower hiring rate of 6.50% offers the highest median signing bonus of $75,550 among all industries. This bonus compensated a modest base salary of $157,100 from a T10 compensation perspective.
Healthcare/pharma, with a 3% hiring rate (3%-4% lower than the industry standard set by T10 schools), offers a median base salary of $135,000 and a signing bonus of $30,000 – similar to schools in the second half of T10 schools.
Consumer Packaged goods sector featured at the bottom of the list in hiring rate at 2.70%, with a median base salary of $125,000, a standard in the industry, and a signing bonus of $25,000. Despite a lower hiring rate, this industry presents opportunities to work with leading brands, develop innovative product strategies, and address evolving consumer preferences.
Non-profit organizations, although with a modest 2.30% hiring rate which is again 5-6% lower than the T10 standard, offer a median base salary of $110,000.
The energy and media/entertainment sectors have a hiring rate of 1.90% and offer median base salaries of $140,000. Specific signing bonus data is not available for these sectors. Lastly, Manufacturing had a 1.20% hiring rate, with compensation and bonus data not available in the report.
| By Industry | % Hired | Median Base Salary | Median Signing Bonus |
| Consulting Services | 44.2% | $190,000 | $30,000 |
| Finance | 22.3% | $175,000 | $48,750 |
| Technology | 10% | $166,500 | $35,000 |
| Retail | 6.5% | $157,100 | $75,550 |
| Healthcare/Pharma | 3% | $135,000 | $30,000 |
| Consumer Packaged Goods | 2.7% | $125,000 | $25,000 |
| Non-Profit | 2.3% | $110,000 | NA |
| Energy | 1.9% | $140,000 | NA |
| Media/Entertainment | 1.9% | $140,000 | NA |
| Manufacturing | 1.2% | NA | NA |
Yale MBA Salary: By Function (2023)
Among top post-MBA functions, Consulting emerged as the winner again with an impressive 54.20% hiring rate-highest among all the Top 20 MBA programs and retaining Yale’s title as the quintessential Consulting school. The function offers a median base salary of $190,000, contributing to the highest hiring rate. The median Signing On Bonus was a standard $30,000.
Yale's proximity to New York City and a high percentage of hiring in the Northeast region also contributed to Yale’s highest hiring rate.
In Marketing/Sales, despite a relatively lower hiring rate of 10% - lower than the standards set by other T10 MBAs of 10%+, the function offers an average median base salary of $148,000 - second highest after Harvard, and an attractive signing bonus of $40,000.
General Management, with a lower, 5% hiring rate, provides a median base salary of $142,800 and a signing bonus of $35,000 was right in the middle in terms of compensation for a T10 school.
Operations/Logistics, although with a lower hiring rate of 2.70%, offers essential roles in managing supply chains and optimizing operational efficiency. Along with a lower hiring rate, the function also offers a modest median base salary of $130,000 and a signing bonus of $10,000.
In the Finance sector, Investment Banking stands out with an 11.50% hiring rate, offering a median base salary of $175,000 and the highest signing bonus among all functions at $50,000. Investment Management and Private Equity, although with lower hiring rates of 3.80% and 2.30% respectively, offer median base salaries of $160,000 and $150,000 – lower than the median of M7 schools by $10,000 to $40,000.
| By Function | % Hired | Median Base Salary | Median Signing Bonus |
| Consulting | 54.2% | $190,000 | $30,000 |
| Marketing/Sales | 10% | $148,000 | $40,000 |
| General Management | 5% | $142,800 | $35,000 |
| Operations/Logistics | 2.7% | $130,000 | $10,000 |
| Investment Banking | 11.5% | $175,000 | $50,000 |
| Investment Management | 3.8% | $160,000 | NA |
| Private Equity | 2.3% | $150,000 | NA |
| Venture Capital | .8% | NA | NA |
Yale MBA Salary: BY Region (2023)
In the United States, a staggering 91.40% of graduates secure employment from the Yale Post-MBA program, meeting the US MBA program trends of crossing 90+ hiring rates for US regions. With a median base salary of $175,000, MBA graduates in the United States enjoy competitive compensation packages across industries and functions.
Within the United States, the Northeast region stands out with a significant 60.50% hiring rate. This region, comprising business hubs such as New York City and Boston, offers MBA graduates ample opportunities in the Finance and Consulting sectors. Despite the high cost of living, the median base salary remains at $175,000, reflecting the region's competitiveness in compensation.
The West region, encompassing tech-heavy Silicon Valley and entertainment hubs like Los Angeles, boasts a 16.30% hiring rate. While slightly lower than the Northeast, the West region provides opportunities in the Technology, Media/Entertainment, and Venture Capital sectors. The region offers a median base salary of $168,000, lower than that offered in the Northeast.
Moving to the Mid-Atlantic region, which includes cities like Washington D.C. and Philadelphia, MBA graduates encounter a 10.70% hiring rate. This region offers opportunities in Consulting, Government, and Non-Profit sectors with a median base salary of $187,500, the third highest among all regions, after South, Southwest, and Midwest.
In the Southwest region, which includes cities like Houston and Dallas, MBA graduates experienced a 5.60% hiring rate. The region offers opportunities in the Energy, Consulting, and Finance sectors with a median base salary of $190,000 - the second highest among all regions.
The Midwest region, comprising cities like Chicago and Minneapolis, offers MBA graduates a 4.70% hiring rate. This region presents opportunities in the Manufacturing, Finance, and Technology sectors. With a median base salary of $192,000, the Midwest region has the highest Median Base salary among all the regions.
In the South region, which includes cities like Atlanta and Miami, MBA graduates encounter a 2.10% hiring rate. Despite the lower hiring rate, the South offers Healthcare, Finance, and Technology opportunities and one of the highest median base salaries of $190,000.
Internationally (8.6% of all offers), Yale MBA graduates found opportunities mostly in Asia (3.40%). Despite the lower hiring rate, India and China’s growing economies offered a competitive median base salary of $136,882 in Technology, Finance, and Consulting.
In Europe, MBA graduates had a 2.30% hiring rate, with a median base salary of $102,959.
| By Region | % Hired | Median Base Salary |
| United States | 91.4% | $175,000 |
| Northeast | 60.5% | $175,000 |
| West | 16.3% | $168,000 |
| Mid-atlantic | 10.7% | $187,500 |
| Southwest | 5.6% | $190,000 |
| Midwest | 4.7% | $192,000 |
| South | 2.1% | $190,000 |
| International | 8.6% | $128,957 |
| Asia | 3.4% | $136,882 |
| Europe | 2.3% | $102,959 |
| Central America | .8% | NA |
| Canada | .8% | NA |
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