PayScale Releases Salary Report for US MBA Programs

Harvard, Wharton, and Stanford alum make the most money 10+ years out from graduation

The website PayScale has surveyed alumni from over 200 US business schools to rank the schools based on post-MBA salaries.

For those early in their career (less than five years out from graduation), it turns alumni from the MBA at MIT's Sloan School of Management lead the list, with an average salary of $131,000. UC Berkeley's Haas School of Business and Yale University's School of Management come in second, with grads from each school making around $123,000 less than five years after their MBA.

In terms of "mid-career pay"—those at least ten years out from graduation—grads from Harvard Business School lead, with a median salary of $190,000. Next up are MBAs from the Wharton School ($182,000), and Stanford University Graduate School of Business ($175,000).

Interestingly, the salaries for grads from some MBA programs further down the ranking show steeper growth between early- and mid-career professionals. For instance, the number more than doubled for grads from Pace University's Lubin School of Business School: the median salary for early-career alumni was $61,500, while the mid-career median was $145,000. Other schools where the salary differential was more than doubled include West Virginia University's College of Business and Economics ($53,400 to $123,000), and Chapman University's Argyros School of Business and Economics ($60,500 to $137,000).

The MBA programs that showed the lowest mid-career salaries included Kaplan University (with a median mid-career salary of $63,900), Upper Iowa University ($66,000), Colorado Technical University's online MBA ($70,400), and Strayer University ($73,800).

Here's are the top-10 business schools, based on mid-career salary medians:

Rank     Business School Early-Career Median Pay Mid-Career Median Pay
1. Harvard Business School
$114,000 $190,000
2. The Wharton School $122,000 $182,000
3. Stanford University Graduate School of Business $118,000 $175,000
4. MIT - Sloan School of Management $131,000 $171,000
5. UC Berkeley - Haas School of Business $123,000 $169,000
6. Columbia Business School $104,000 $167,000
7. Northwestern University - Kellogg Business School $117,000 $164,000
8. UCLA - Anderson School of Management $103,000 $160,000
9. University of Chicago - Booth School of Business $122,000 $159,000
10. Duke University - Fuqua School of Business $102,000 $158,000



The data for this survey was collected based on an online, ongoing compensation survey. Somewhere between 50 and 4000 user profiles were surveyed for each school, depending largely on the size of the school. For more, please see  PayScale's 2015-2016 College Salary Report.


Photo: 401(K) 2012 / Creative Commons

Comments


Related Business Schools

Berkeley, California 85 Followers 110 Discussions
Fort Lauderdale, Florida 3 Followers 0 Discussions
Morgantown, West Virginia 5 Followers 4 Discussions
Colorado Springs, Colorado 0 Followers 1 Discussion
Orange, California 10 Followers 7 Discussions
Cambridge, Massachusetts 45 Followers 164 Discussions
Philadelphia, Pennsylvania 59 Followers 164 Discussions
Boston, Massachusetts 75 Followers 202 Discussions
Durham, North Carolina 47 Followers 100 Discussions
New York City, New York 43 Followers 44 Discussions
New York City, New York 145 Followers 236 Discussions
Evanston, Illinois 63 Followers 191 Discussions
Chicago, Illinois 34 Followers 142 Discussions
Stanford, California 86 Followers 166 Discussions
Los Angeles, California 79 Followers 136 Discussions
Madison, Wisconsin 0 Followers 0 Discussions

More MBA News

Jul 13, 2020

Germany's WHU Launches Online MBA Program

Jul 13, 2020

More MBA News

MBA Articles

The ‘Corona Class’ of 2020 Faces a Gloomy Jobs Market

Jul 06, 2020

Amid the worst recession in several generations, some employers are cancelling or deferring offers, but there are bright spots — and an MBA can be a boon

Blended Physical and Digital Classes the Norm for MBA Programs This Fall

Jun 23, 2020

There will much more digital delivery of MBA programs in the new academic year, but campuses are reopening around the world, albeit with smaller class sizes and social distancing

Crowdfunding and Beyond: Novel Ways to Pay for an MBA

Jun 11, 2020

From income share agreements to the ‘bank of mom and dad’, funding pressure has forced students and startups to find creative solutions to finance MBA degrees

More Articles

Related Top 10 Lists

More Top 10 Lists