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  • MBA Current Employment Report

  • Class of 2013 – Full-time

  • Employment Report - Class of 2013 Overview


    Class of 2013 Profile1


    Number of Candidates404
    U.S. Citizens59%
    Non-U.S. Citizens41%
    Women39%
    Median GMAT Score710
    Median Undergraduate GPA (out of 4.0)3.5
    Average Age at Entry to MIT Sloan28
    Average Years Full-Time Work Experience Prior to MIT Sloan5

    1 Class profile (as of matriculation) and employment statistics (as of graduation) include information for MBAs and students in the joint MBA/Leaders for Global Operations program.


    Class of 2013 Employment Profile2


      Number Percent
    Seeking Employment 309 79.2
    Not Seeking Employment 80 20.5
    Starting own business 37 9.5
    Sponsored and returning to company 35 9.0
    Postponing job search 5 1.3
    Other reason(s) for not seeking 3 0.8
    No Information Available 1 0.3
    Total Graduates 390 100

    2 All information based on data reported by students.


    Employment Overview3


    Mean Base Salary $119,639
    Median Base Salary $120,000
    Range of Base Salary4 $60,000–$165,000

    3 Full-time employment statistics based on job acceptances. 86.3% of reported acceptances included usable salary information.


    Top Hirers of Class of 2013


    • McKinsey & Company (22)
    • Bain & Company (21)
    • Amazon (16)
    • Boston Consulting Group (14)
    • Microsoft (7)
    • Nike (7)
    • Apple (6)
    • Deloitte Consulting (6)
    • Goldman Sachs (5)
    • Google (5)


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    MBA Class Of 2013 Salary Figures: Full-Time

    Class of 2013 Base Salary by Industry1


      Percent Mean Median Low High
    Service Industries 72.6 $121,961 $125,000 $65,000 $170,000
    Consulting 31.9 $128,715 $135,000 $81,000 $150,000
    Software/Internet 12.2 $118,292 $115,000 $100,000 $135,000
    Retail 10.0 $113,577 $115,000 $100,000 $130,000
    Investment Banking / Brokerage 8.1 $104,095 $100,000 $100,000 $127,000
    Private Equity 3.0 $128,500 $134,000 $70,000 $165,000
    Venture Capital 3.0 $136,429 $135,000 $120,000 $155,000
    Media/Entertainment/Sports 2.2 $125,000 $125,000 $110,000 $140,000
    Investment Management 1.5 $101,667 $115,000 $65,000 $125,000
    Diversified Financial Services 0.7 $117,500 $117,500 $110,000 $125,000
    Manufacturing Industries 23.3 $116,539 $117,500 $60,000 $160,000
    Computers/Electronics 6.3 $120,900 $120,020 $109,000 $135,000
    Pharmaceutical/Healthcare/Biotechnology 4.8 $113,262 $117,500 $60,000 $135,400
    Consumer Products 3.7 $102,000 $113,000 $80,000 $120,000
    Manufacturing: Other2 3.3 $118,571 $110,000 $90,000 $160,000
    Oil/Energy 2.9 $128,400 $130,000 $110,000 $142,000
    Automotive/Aerospace 2.2 3
    Government/Nonprofit 2.2 $91,000 $85,000 $68,500 $140,000
    Other 1.9

    1 All salary data based on reported compensation.
    2 Manufacturing: Other includes Manufacturing, Telecommunications and Transportation/Equipment/Defense industries.
    3 Dash indicates fewer than three people or less than 1% reported salary information.


    Class of 2013 MBA Base Salary by Job Function


    Function Percent Mean Median Low High
    Consulting/Strategic Planning 38.9 $126,033 $135,000 $68,000 $150,000
    Finance (total) 18.5 $111,864 $100,000 $65,000 $165,000
    Finance: Other1 7.0 $109,812 $112,000 $70,000 $165,000
    Finance/Investment Banking 4.8 $100,000 $100,000 $100,000 $100,000
    Finance: Investment Management 2.2 $111,600 $115,000 $65,000 $140,000
    Finance: Venture Capital 3.0 $140,000 $150,000 $120,000 $155,000
    Finance: Private Client Services / Wealth Mgmt 1.5 2
    Operations/Project Management 11.9 $118,311 $117,000 $80,000 $160,000
    Leadership Development Program/General Management 10.4 $114,648 $115,000 $85,000 $140,000
    Product Management/Development 8.1 $121,944 $120,000 $108,000 $140,000
    Marketing/Sales 7.8 $114,714 $112,000 $100,000 $130,000
    Business Development 2.6 $124,250 $131,000 $100,000 $135,000
    Other 1.8 $92,500 $95,000 $60,000 $120,000

    1 Finance/Other includes corporate finance, research and treasury.
    2 Dash indicates fewer than three people or less than 1% reported salary information.


    Top Industries


      2011 2012 2013
    Consulting 33.7% 29.2% 31.9%
    High Technology* 19.8% 16.8% 19.2%
    Retail 4.0% 10.2% 10.0%

    *Includes Computers/Electronics, Software/Internet and Telecommunications


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    Top Functions


      2012 2011 2010
    Consulting/Strategic Planning 38.8% 35.4% 38.9%
    Finance 18.3% 24.3% 18.5%
    Operations/Project Management 8.8% 9.5% 11.9%

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    Class of 2013 Base Salary by Geographic Location


    Location Percent Mean Median Low High
    North America 87.8 $120,000 $120,000 $60,000 $165,000
    Northeast1 35.6 $119,833 $125,000 $60,000 $165,000
    Metro Boston 21.3 $122,942 $125,000 $82,000 $145,000
    Metro NY 15.9 $113,600 $113,000 $68,000 $140,000
    West 29.3 $119,626 $117,500 $100,000 $142,000
    San Francisco Bay Area 17.0 $121,492 $120,000 $100,000 $142,000
    Southwest 7.4 $123,125 $130,000 $80,000 $140,000
    South 5.6 $116,923 $115,000 $100,000 $135,000
    Mid-Atlantic 4.8 $114,654 $112,500 $85,000 $160,000
    Midwest 3.3 $120,111 $118,000 $100,000 $135,000
    Mexico 1.1 2
    Canada 0.7
    Rest of the World 12.2 $120,404 $125,000 $70,000 $150,000
    Europe including UK 4.1 $124,014 $127,000 $81,000 $150,000
    United Kingdom 1.9
    Latin America and the Caribbean 4.1 $114,900 $120,000 $70,000 $135,000
    Asia 3.7 $122,571 $135,000 $85,000 $150,000
    Oceana 0.4

    1 Northeast includes states/cities beyond Metro Boston and Metro NYC.


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    Class of 2013 Base Salary by Undergraduate Major


    Major Percent Mean Median Low High
    Business 25.8 $113,973 $115,000 $70,000 $150,000
    Engineering 30.7 $122,022 $120,000 $60,000 $160,000
    Science & Mathematics 11.1 $118,350 $122,500 $65,000 $140,000
    Social Sciences & Humanities 32.4 $121,750 $122,000 $65,000 $165,000

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    Class of 2013 Base Salary by Professional Experience


    Years Experience Percent Mean Median Low High
    Less than one year 1.5 1
    More than one year, up to 3 years 11.1 $112,846 $113,500 $65,000 $150,000
    More than 3 years, up to 5 years 45.6 $119,484 $118,000 $70,000 $165,000
    More than 5 years 41.8 $121,583 $123,500 $60,000 $155,000

    1 Dash indicates fewer than three people or less than 1% reported salary information.


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    Signing Bonus Received by Job Function1


    Job Function Percent Mean Median Low High
    Leadership Development Program/General Management 78.6 $25,477 $25,000 $10,000 $47,500
    Private Client Services / Wealth Mgmt 75.0 $36,000 $40,000 $21,000 $47,000
    Product Management/Development 68.2 $23,800 $25,000 $8,000 $45,000
    Consulting/Strategic Planning 67.6 $22,789 $25,000 $2,500 $40,000
    Operations/Project Management 65.6 $25,318 $23,500 $15,000 $45,000
    Investment Banking 61.5 $47,125 $50,000 $40,000 $57,000
    Marketing/Sales 33.3 $29,071 $20,000 $13,500 $50,000
    Finance: Other2 32.0 $28,125 $27,500 $10,000 $50,000

    1 68.2% of the students reporting usable salary data reported receiving a signing bonus. Percentage represents the number of students who received a signing bonus in the function.
    2 Finance: Other includes corporate finance and venture capital.


    Other Guaranteed Compensation


    Percent Reporting Mean Median Range
    16.7% $31,238 $26,000 $8,500–$130,000

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    Class of 2013 MBA Timing of Job Offers


      At Graduation Three Months after Graduation
    Percent of Students 86.4% 92.2%

    Class of 2013 MBA Timing of Job Acceptances1


      At Graduation Three Months after Graduation
    Percent of Students 80.9% 87.4%

    1 Six graduates, representing 1.5% of graduates, reneged on an accepted offer.


    Class of 2013 MBA Reason for Accepting Position


      Percent
    Growth Potential 30.4
    Industry 16.7
    Job Function 15.2
    Job Content 12.4
    People/Corporate Culture 10.9
    Prestige of Firm 6.5
    Location 4.5
    Compensation 1.7
    Other 1.7

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    Class of 2013 MBA Source of Job


      Percent
    School-Facilitated Activities 80.8
    Summer Internship 34.8
    Interviews scheduled through on-campus recruiting 33.7
    Faculty/CDO/Sloan student referral 1.1
    Job Postings (MIT or Sloan) 5.2
    Alumni 3.0
    MIT/Sloan sponsored events 2.6
    Résumé database, résumé referrals 0.4
    Student-Facilitated Activities 18.2
    Personal Network 13.0
    Contacted directly 3.7
    Previous Employer (before attending MIT Sloan) 1.1
    Newspaper, magazine, internet job boards 0.4
    Other 1.0

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  • Class of 2014 – Internships

  • Employment Report - MBA Class of 2014 Overview: Internship



    Class of 2014 MBA Profile1


    Number of Candidates413
    U.S. Citizens59%
    Non-U.S. Citizens41%
    Women33%
    Median GMAT Score710
    Median Undergraduate GPA (out of 4.0)3.5
    Average Age at Entry to MIT Sloan28
    Average Years Full-Time Work Experience Prior to MIT Sloan5

    1 Class profile includes information for MBA students and students in the joint MBA/Leaders for Global Operations program.


    Class of 2014 MBA Internship Employment Profile2


      Number Percent
    Seeking Employment 325 75.9
    Not Seeking Employment 94 22.0
    Leaders for Global Operations 48 11.2
    Starting a business 28 6.5
    Company sponsored or have been
    employed as student
    13 3.0
    Postponing job search 2 0.5
    Other reason(s) for not seeking 3 0.7
    No Information Available 9 2.1
    Total Graduates 428 100

    2 All information based on data reported by students.


    Summer Employment Overview3


    Mean Monthly Base Salary $7,389
    Median Monthly Base Salary $8,000
    Range of Monthly Base Salary4 $1,000–$12,500

    3 Summer employment statistics based on job acceptances. 71.3% of reported acceptances included usable salary information.


    Top Intern Hirers of MBA Class of 2014


    • McKinsey & Company (19)
    • Boston Consulting Group (17)
    • Bain & Company (11)
    • Amazon.com (10)
    • Google (9)
    • Apple (7)
    • Goldman Sachs (7)
    • Microsoft (5)
    • Nike (5)
    • PwC Advisory (5)

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    Salary Figures

    Class of 2014 MBA Monthly Salary by Industry1


    Industry Percent Mean1 Median Low High
    Service Industries 73.7 $7,927 $8,200 $1,600 $12,500
    Consulting 23.8 $9,763 $10,400 $2,000 $12,000
    Software/Internet 15.5 $7,022 $8,000 $1,800 $10,000
    Investment Banking / Brokerage 10.2 $7,636 $8,333 $2,023 $11,700
    Retail 8.7 $7,438 $7,750 $4,500 $10,000
    Media/Entertainment/Sports 4.3 $4,645 $4,900 $1,600 $6,400
    Investment Management 3.1 $6,356 $6,000 $2,300 $12,500
    Diversified Financial Services 2.8 $7,409 $8,000 $3,200 $10,000
    Venture Capital 2.8 $6,010 $4,800 $2,000 $12,000
    Private Equity 2.5
    Manufacturing Industries 19.8 $6,273 $6,350 $1,000 $10,100
    Computers/Electronics 6.8 $7,181 $7,000 $5,280 $10,000
    Pharmaceutical/Healthcare/Biotechnology 5.6 $6,329 $7,000 $1,000 $10,100
    Consumer Products 3.1 $4,618 $4,900 $2,000 $8,990
    Energy/Oil 1.9 2
    Manufacturing: Other3 1.5
    Automotive/Aerospace 0.9
    Government/Nonprofit 4.6 $3,922 $4,800 $2,000 $5,000
    Other 0.9

    1 All salary data based on reported compensation.
    2 Dash indicates fewer than three people or less than 1% reported salary information.
    3 Manufacturing: Other includes Manufacturing and Telecommunications.


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    Class of 2014 MBA Monthly Salary by Job Function


    Function Percent Mean Median Low High
    Consulting/Strategic Planning 35.3 $8,452 $10,000 $2,000 $12,000
    Finance (total) 21.4 $7,370 $8,333 $1,160 $12,500
    Investment Banking 8.0 $8,225 $8,333 $2,500 $11,700
    Finance: Other1 5.3 $6,402 $5,800 $1,160 $12,500
    Investment Management 4.3 $5,918 $6,843 $2,023 $8,333
    Venture Capital 3.1 $8,175 $9,375 $2,500 $12,000
    Finance: Private Client Services / Wealth Mgmt 0.7 2
    Marketing/Sales 13.3 $6,012 $6,200 $1,000 $10,100
    Business Development 10.5 $6,407 $6,750 $2,000 $10,000
    Operations/Project Management 7.7 $6,826 $7,200 $3,200 $8,100
    Product Management/Development 7.4 $7,341 $8,000 $1,800 $10,000
    Leadership Development Program/General Management 1.6
    Other 2.8 $4,900 $5,000 $2,000 $8,000

    1 Finance/Other includes corporate finance, research, and sales & trading.
    2 Dash indicates fewer than three people or less than 1% reported salary information.


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    Top Industries


      2011 2012 2013
    Consulting 21.5% 20.4% 23.8%
    High Technology* 16.8% 20.4% 22.6%
    Investment Banking 17.1% 11.5% 10.2%

    *Includes Computers/Electronics, Software/Internet and Telecommunications


    Top Functions


      2011 2012 2013
    Consulting/Strategic Planning 29.9% 32.8% 35.3%
    Finance 32.7% 27.2% 21.4%
    Marketing/Sales 14.4% 14.9% 13.3%

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    Class of 2014 MBA Monthly Salary by Geographic Location


    Location Percent Mean Median Low High
    North America 78.6 $7,355 $8,000 $1,000 $12,500
    USA 77.4 $7,295 $8,000 $1,000 $12,500
    Northeast1 36.5 $7,182 $7,396 $1,000 $12,500
    Metro Boston 20.1 $7,086 $7,296 $1,600 $12,500
    Metro NYC 13.0 $7,103 $8,000 $1,000 $11,700
    West 28.5 $7,419 $8,000 $2,000 $11,250
    San Francisco Bay Area 16.7 $7,612 $8,000 $3,200 $11,250
    Midwest 3.1 $9,532 $9,817 $7,000 $11,000
    Mid-Atlantic 2.8 $5,733 $5,100 $2,000 $11,200
    Southwest 5.0 $7,207 $7,000 $1,160 $11,250
    South 1.5 2
    Canada 0.6
    Mexico 0.6
    Rest of the World 21.4 $7,548 $8,350 $1,000 $12,000
    Asia 8.4 $6,609 $6,500 $1,000 $11,000
    Latin America and the Caribbean 5.6 $7,950 $7,500 $2,500 $11,000
    Europe 4.0 $7,440 $8,400 $2,300 $10,000
    United Kingdom 1.2
    Africa 2.5 $5,500 $5,500 $2,000 $9,000
    Middle East 0.6
    Oceania 0.3

    1 Northeast includes states/cities beyond Metro Boston and Metro NYC.
    2 Dash indicates fewer than three people or less than 1% reported salary information.


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    Class of 2014 MBA Monthly Salary by Undergraduate Major1


    Major Percent Mean Median Low High
    Business 16.7 $7,166 $8,000 $2,000 $11,250
    Engineering 38.5 $8,252 $8,200 $1,800 $12,000
    Sciences & Mathematics 14.3 $6,759 $7,750 $1,000 $12,500
    Social Sciences & Humanities 33.2 $6,700 $6,500 $1,000 $12,000

    1 Percentages from class profile.


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    Class of 2014 MBA Monthly Salary by Professional Experience


    Years Experience Percent Mean Median Low High
    Less than one year 0.3
    More than one year, up to 3 years 11.5 $7,445 $8,050 $1,000 $11,700
    More than 3 years, up to 5 years 38.7 $7,154 $7,650 $1,000 $12,500
    More than 5 years 49.5 $7,551 $8,000 $1,160 $12,000

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    Class of 2014 MBA Reason for Accepting Position


    Reason Percent
    Industry 27.3
    Job Function 20.9
    Job Content 16.5
    Growth Potential 13.1
    People/Corporate Culture 8.4
    Prestige of Firm 6.4
    Location 4.7
    Commitment to Sustainability 1.7
    Compensation 0.3
    Other 0.7

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    Class of 2014 MBA Source of Job


    Source of Job Percent
    School-Facilitated Activities 79.3
    Interviews scheduled through on-campus recruiting 43.0
    Job postings (MIT or Sloan) 18.7
    MIT/Sloan sponsored events 7.7
    Faculty/CDO/Sloan student referral 5.6
    Alumni 2.5
    Club event 1.2
    Résumé database, résumé referrals 0.6
    Student-Facilitated Activities 20.4
    Personal network 11.5
    Contacted directly 8.0
    Newspaper, magazine, internet job boards 0.6
    Previous employer (before attending MIT Sloan) 0.3
    Other 0.3

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  • Employers
  • Employers Hiring Members of the MBA Classes of 2013 and 2014


    Bold = Employers hiring three or more MIT Sloan MBA students for full-time and/or summer positions.

    *LGO Partner during 2012-2013 academic year.

    A.T. Kearney
    Abraaj
    Adobe Systems
    AGC Partners
    AIG (American International Group)
    Altman Vilandrie & Company
    Amazon*
    American Airlines
    American Industrial Partners
    Amgen*
    Analysis Group
    Anheuser-Busch InBev
    Apple Inc.
    Applied Materials
    athenahealth
    Autodesk
    Bain & Company
    Banco Santander
    Bank of America Merrill Lynch
    Barclays
    Bessemer Venture Partners
    Biogen Idec
    BloomReach
    Boeing*
    Booz & Company
    Bose Corporation
    Boston Consulting Group
    Boston Millennia Partners
    Boston Properties
    Boston Scientific
    Box
    BP
    BTG Pactual
    Burger King Corporation
    Capgemini Consulting
    Cargill Inc.
    Cencosud SA
    Censeo Consulting Group
    Charmer Sunbelt Group
    Chartis Group
    Cisco Systems
    Citadel
    Citi
    Colfax Corporation
    Corning
    Credit Suisse
    CSMG Global
    CVS Caremark
    Cyrela

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    Dalberg Global Development Advisors
    Decision Resources
    Dell*
    Deloitte Consulting
    Deutsche Bank
    Digitas
    DIRECTV
    Disney ABC Television Group
    DuPont
    eBay
    Education Pioneers
    Eli Lilly and Company
    EMC Corporation
    EMP Latin America
    Environmental Defense Fund
    Equity Investment Bank
    Ericsson
    ExxonMobil Corporation
    Facebook
    Fidelity Investments
    Frankel Group
    Gap
    Gartner
    Genentech
    General Electric
    GMCR Keurig
    Goldman Sachs Group, Inc.
    Google
    Groupon

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    HarbourVest Partners
    Honeywell International
    IBM
    IDEO
    iGATE Technologies
    Infosys, Limited
    Innosight
    InsightSquared
    Intel Corporation
    Interbrand
    International Finance Corporation World Bank Group
    Intuit
    JPMorgan Chase
    Juniper Networks
    Kimberly-Clark*

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    L.E.K. Consulting
    LeapFrog Enterprises
    LessonFace.com
    LevelUp
    Liberty Mutual Insurance
    Lincoln Center for the Performing Arts
    LinkedIn
    Loomis Sayles & Co.
    Major League Baseball
    Mango Fund
    Massachusetts General Hospital*
    MC10
    McKinsey & Company
    MGM Resorts
    Microsoft Corporation
    Mondelez International Inc.
    Morgan Stanley
    Nanda Home
    NextEra Energy
    Nike*
    Nissan Motor Company
    Novartis*
    OC&C Strategy Consultants
    Oliver Wyman Group
    Omidyar Network

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    Pacific Gas & Electric (PG&E)
    Paramount Pictures
    Parthenon Group
    PayPal
    Pfizer*
    Phoenix Suns
    PIMCO
    Planetary Resources
    Procter & Gamble
    PwC Advisory
    Quantcast
    Raytheon*
    Redstar Ventures
    Reformation
    Regeneron Pharmaceuticals
    Richard Chandler Corporation
    Riot Games
    Robert W. Baird & Co.
    Rocket Internet
    Roll Global

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    Samsung Global Strategy Group
    SanDisk
    Sanofi Group*
    Schlumberger Business Consulting
    Sears Holdings Corporation
    Smith & Nephew
    SoFi
    Splunk
    SunEdison
    Synchrony Venture Management
    Teach for America
    Telefonica
    Telsey Advisory Group
    theAudience
    Tough Mudder
    TripAdvisor
    UBS
    UMT Consulting
    United Nations Population Fund
    United Technologies Corporation*
    Univision
    URS

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    Verizon Wireless
    Viking Global Investors
    VMware
    Walmart
    Walt Disney Company
    Wellington Management Company
    Wellspring Consulting
    Wolverine Worldwide
    World Wildlife Fund
    XL Hybrids
    Yahoo!
    Zipcar
    Zynga

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