- Wharton reported the highest base salary for a U.S. citizen — that Northeast-bound financier who scored a $350K — while Harvard Business School and Stanford Graduate School of Business were close behind, each with a domestic $300K earner of their own.
- Columbia Business School boasted the highest starting salary for an international student at $308,000.
- In sign-on bonuses, Wharton again paced the pack for both U.S. ($250,000) and foreign nationals ($150,000).
- Just a few years ago, someone in the HBS Class of 2016 secured a starting base salary of half a million dollars, while someone at Stanford reported a salary of $450,000.
- The highest U.S. average salary was at Stanford, where U.S. grads reported a base salary of $150,123. The highest average pay for international grads was at HBS: $136,194.
- Once again, U.S. salaries outpace those of their international classmates, with the overall U.S. average of the 25 schools about $7,000 more than the average for foreign national grads: $127,603 to $120,589. Looking only at the top 10 schools, the U.S. was about $8,000 ahead: $135,620 to internationals’ $127,674.
- The school with the highest percentage reporting salary numbers in 2018 was Rice University’s Jones Graduate School of Business, No. 24 on the P&Q ranking, where 94.5% reported — 86 students out of 91 known to be looking for work.
- Close behind were No. 6 MIT Sloan (91.9%) and No. 8 UC-Berkeley Haas (90.8%). Stanford actually had the lowest percentage of salary reporters: 74.1%, or 218 grads out of 294 on the market.
Besides highs and averages, U.S. News also reports lows.
- The lowest reported salary for a U.S. MBA in the Class of 2018 was at Harvard, where someone took a job for the base pay of $41,875.
- For an international student, the lowest base pay was reported by a Whartonite who was hired for $15,910; the job, categorized as both financial services and “other,” took him or her outside the U.S.
- The lowest sign-on bonus for an international student was reported by a UCLA Anderson grad: $1,598. And then for a low bonus accepted by a U.S. student, we return to the question of the $40. Were they paid by check or two bills out of the boss’s wallet? We may never know.
- Indiana University’s Kelley School of Business swept a host of interesting “lows”: lowest high U.S. salary ($150K), lowest average U.S. salary ($111,640), lowest high U.S. sign-on ($58,500), lowest high foreign salary ($145K), and lowest high foreign sign-on ($35K). The Hoosiers’ $99,108 average foreign salary, another low, was the only non-six-figure salary for any top-25 school in either the U.S. or foreign column.
- The highest low U.S. salary was at Dartmouth Tuck ($87K), though four schools — Northwestern Kellogg, USC Marshall, Michigan Ross, and NYU Stern — were close behind at $80K. USC claimed the highest low foreign salary: $90K. Emory Goizueta ($8K) had the highest low U.S. sign-on and Virginia Darden and Georgetown McDonough ($10K) shared the distinction of reporting the highest low foreign sign-on.
Core Metrics Of The P&Q Top 25
| School & P&Q Rank | GMAT | GPA | Accept Rate | Pay (Salary + Bonus) | Jobs at Grad | Jobs at 3 Months |
|---|---|---|---|---|---|---|
| 1. Harvard Business School | 731 | 3.71 | 10.4% | $159,314 | 79.1% | 89.3% |
| 1. Penn (Wharton) | 732 | 3.60 | 20.7% | $165,528 | 83.6% | 94.6% |
| 3. Stanford GSB | 732 | 3.73 | 6.1% | $162,704 | 68.7% | 88.1% |
| 4. Chicago (Booth) | 731 | 3.58 | 22.9% | $154,722 | 87.6% | 95.5% |
| 5. Northwestern (Kellogg) | 732 | 3.60 | 21.9% | $151,605 | 80.4% | 92.0% |
| 6. MIT (Sloan) | 728 | 3.57 | 13.1% | $159,245 | 86.0% | 93.5% |
| 7. Columbia | 736 | 3.60 | 14.5% | $153,351 | 75.0% | 90.1% |
| 8. UC-Berkeley (Haas) | 726 | 3.67 | 15.4% | $147,921 | 75.5% | 93.4% |
| 9. Dartmouth (Tuck) | 722 | 3.49 | 23.3% | $157,821 | 80.6% | 91.9% |
| 10. Michigan (Ross) | 720 | 3.48 | 27.1% | $156,163 | 89.3% | 93.5% |
| 11. Yale SOM | 724 | 3.67 | 20.4% | $149,964 | 77.1% | 89.8% |
| 12. Virginia (Darden) | 718 | 3.50 | 32.9% | $160,711 | 87.3% | 92.3% |
| 13. Cornell (Johnson) | 699 | 3.41 | 33.1% | $154,533 | 79.7% | 91.0% |
| 14. Duke (Fuqua) | 704 | 3.49 | 22.4% | $155,129 | 85.4% | 94.0% |
| 15. UCLA (Anderson) | 716 | 3.52 | 24.3% | $142,997 | 69.7% | 88.7% |
| 16. NYU (Stern) | 716 | 3.45 | 23.2% | $159,021 | 83.7% | 93.7% |
| 17. CMU (Tepper) | 690 | 3.40 | 35.4% | $145,566 | 81.9% | 89.6% |
| 18. Texas-Austin (McCombs) | 702 | 3.48 | 33.6% | $141,771 | 75.0% | 85.9% |
| 19. UNC (Kenan-Flagler) | 702 | 3.34 | 46.6% | $139,627 | 80.5% | 92.1% |
| 20. Emory (Goizueta) | 686 | 3.30 | 40.8% | $145,815 | 80.0% | 92.9% |
| 21. Washington (Foster) | 696 | 3.31 | 35.1% | $147,763 | 83.9% | 99.1% |
| 22. USC (Marshall) | 705 | 3.50 | 28.2% | $151,408 | 79.2% | 95.8% |
| 23. Georgetown (McDonough) | 693 | 3.34 | 55.2% | $139,215 | 63.7% | 93.8% |
| 24. Rice (Jones) | 706 | 3.32 | 39.7% | $129,950 | 73.6% | 94.5% |
| 25. Indiana (Kelley) | 675 | 3.33 | 38.3% | $125,929 | 75.6% | 95.0% |
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