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Current MBA Employment Reports

Employment Report - Class of 2012 Overview

Class of 2012 Profile1

Number of Candidates402
U.S. Citizens65%
Non-U.S. Citizens35%
Women35%
Median GMAT Score717
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 2012 Employment Profile2

  Number Percent
Seeking Employment 323 80.3
Not Seeking Employment 66 16.4
Continuing education 1 0.2
Company sponsored or have been
employed as student		 36 9.0
Starting own business 26 6.5
Other reason(s) for not seeking 3 0.7
No Information Available 13 3.3
Total Graduates 402 100

2 All information based on data reported by students.

Employment Overview3

Mean Base Salary $118,406
Median Base Salary $118,500
Range of Base Salary4 $60,000–$250,000

3 Full-time employment statistics based on job acceptances. 88.2% of reported acceptances included usable salary information.

Top Hirers of Class of 2012

  • McKinsey & Company (30)
  • Amazon (20)
  • Boston Consulting Group (16)
  • Bain & Company (12)
  • Citi (8)
  • Google (8)

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Salary Figures

Class of 2012 Base Salary by Industry1

  Percent Mean Median Low High
Service Industries 79.5 $119,309 $120,000 $60,000 $250,000
Consulting 29.2 $129,906 $135,000 $82,000 $165,000
Investment Banking 12.8 $103,762 $100,000 $80,000 $130,000
Software/Internet 11.5 $112,240 $110,000 $70,833 $150,000
Retail 10.2 $113,333 $115,000 $65,000 $130,000
Investment Management 6.2 $122,471 $115,000 $100,000 $250,000
Diversified Financial Services 5.9 $123,232 $122,500 $80,000 $170,000
VC/Hedge Fund/Private Equity 1.7 $125,000 $124,000 $110,000 $140,000
Media/Entertainment 2.0 $108,333 $115,000 $60,000 $140,000
Manufacturing Industries 18.1 $117,304 $118,500 $80,000 $150,000
Computers/Electronics 4.6 $123,497 $121,020 $105,000 $150,000
Pharmaceutical/Healthcare/Biotechnology 3.6 $118,350 $115,500 $100,000 $147,000
Transportation/Equipment/Defense 2.6 $124,625 $132,000 $80,000 $142,000
Automotive/Aerospace 2.3 $115,143 $115,000 $91,000 $130,000
Oil/Energy 2.0 $106,673 $105,500 $100,000 $120,000
Manufacturing: Other 2.0 $114,800 $120,000 $102,000 $122,000
Telecommunications 0.7 — — — —
Consumer Products 0.3 — — — —
Government/Nonprofit 1.3 $89,167 $90,000 $82,500 $95,000
Other 1.1 $106,750 $106,000 $90,000 $125,000

1 All salary data based on reported compensation.

Top Industries

2012 2011 2010
Consulting 29.2% 33.7% 28.2%
High Technology* 16.8% 19.8% 20.0%
Investment Banking 12.8% 8.4% 11.4%

*Includes Computers/Electronics, Software/Internet and Telecommunications

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Class of 2012 Base Salary by Job Function

  Percent Mean Median Low High
Consulting/Strategic Planning 35.4 $126,537 $132,000 $60,000 $165,000
Finance (total) 24.3 $110,980 $100,000 $80,000 $250,000

Finance/Investment Banking

 8.5 $102,833 $100,000 $100,000 $130,000

Finance: Investment Management

 5.9 $124,467 $115,000 $100,000 $250,000

Finance: Other1

4.4 $110,087 $110,020 $90,000 $140,000

Finance: Analysis

2.0 $123,750 $122,500 $120,000 $130,000

Finance: Private Client Services / Wealth Mgmt

1.3 $106,250 $100,000 $100,000 $125,000

Finance: Research

1.1 —2 — — —

Finance/Sales & Trading

 1.1 $101,667 $100,000 $80,000 $125,000
Leadership Development Program/General Management 10.2 $112,366 $115,000 $80,000 $130,000
Operations/Project Management 9.5 $118,996 $118,500 $65,000 $147,000
Business Development 7.2 $118,952 $120,000 $82,500 $170,000
Product Management/Development 6.6 $119,323 $115,000 $90,000 $155,250
Marketing/Sales 6.2 $106,646 $110,000 $70,833 $127,200
Human Resources 0.3 — — — —
Other 0.3 — — — —

1 Finance/Other includes corporate finance, venture capital and private equity.

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

Top Functions

2012 2011 2010
Consulting/Strategic Planning 35.4% 38.8% 34.5%
Finance 24.3% 18.3% 21.5%
Operations/Project Management 9.5% 8.8% 10.3%

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Class of 2012 Base Salary by Geographic Location

  Percent Mean Median Low High
North America 84.3 $118,859 $120,000 $60,000 $250,000
Northeast1 43.3 $118,644 $120,000 $82,000 $250,000
Metro Boston 21.3 $122,942 $125,000 $82,000 $145,000
Metro NY 16.7 $110,513 $100,000 $90,000 $140,000
West 23.0 $121,811 $120,000 $95,000 $155,250
Midwest 5.2 $118,688 $118,000 $100,000 $142,000
Mid-Atlantic 4.9 $114,276 $115,000 $87,000 $135,000
South 3.6 $116,091 $115,000 $100,000 $140,000
Southwest 3.6 $110,636 $115,000 $60,000 $130,000
Mexico 0.7 $127,500 $127,500 $125,000 $130,000
Rest of the World 15.7 $115,274 $113,500 $65,000 $170,000
Asia 8.5 $108,472 $106,500 $70,833 $150,000
Latin America and the Caribbean 3.6 $137,850 $132,500 $110,000 $170,000
Europe including UK 3.3 $108,000 $108,500 $65,000 $147,000
United Kingdom 1.3 $105,000 $105,000 $8,000 $112,000
Africa 0.3 —2 — — —

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 2012 Base Salary by Undergraduate Major

Major Percent Mean Median Low High
Engineering 43.0 $120,432 $125,000 $65,000 $170,000
Social Sciences & Humanities 27.9 $114,600 $115,000 $60,000 $150,000
Business 21.1 $119,822 $118,000 $87,000 $250,000
Sciences & Mathematics 8.0 $116,577 $115,500 $82,000 $140,000

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Class of 2012 Base Salary by Professional Experience

Years Experience Percent Mean Median Low High
More than one year, up to 3 years 7.9 $123,306 $130,000 $90,000 $140,000
More than 3 years, up to 5 years 50.2 $115,277 $115,000 $60,000 $150,000
More than 5 years 41.9 $121,200 $120,000 $80,000 $250,000

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Signing Bonus Received by Job Function1

Job Function Percent Mean Median Low High
Operations/Project Management 92.6 $20,480 $20,000 $5,000 $35,000
Leadership Development Program/General Management 92.3 $23,660 $22,417 $10,000 $40,000
Finance: Other2 87.5 $12,286 $10,000 $5,000 $20,000
Consulting/Strategic Planning 85.7 $21,762 $20,000 $5,000 $50,000
Investment Banking 83.3 $45,250 $46,250 $40,000 $55,000
Product Management/Development 80.0 $17,083 $20,000 $3,000 $30,000
Marketing/Sales 77.8 $24,643 $25,000 $5,000 $45,000
Business Development 70.0 $24,500 $20,000 $10,000 $50,000
Investment Management 60.0 $32,778 $25,000 $10,000 $60,000

1 82.2% 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.

Other Guaranteed Compensation

Percent Reporting Mean Median Range
19.1% $32,244 $26,650 $2,850–$125,000

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Class of 2012 Timing of Job Offers

  At Graduation Three Months after Graduation
Percent of Students 92.0% 96.0%

Class of 2012 Timing of Job Acceptances1

  At Graduation Three Months after Graduation
Percent of Students 84.5% 94.4%

Class of 2012 Reason for Accepting Position

  Percent
Growth Potential 33.2
Job Function 18.5
Industry 16.4
Job Content 13.0
Prestige of Firm 5.8
People/Corporate Culture 4.8
Location 4.5
Commitment to Sustainability 1.4
Compensation 1.4
Other 1.0

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Class of 2012 Source of Job

  Percent
School-Facilitated Activities 81.0
Summer Internship 34.1
Interviews scheduled through on-campus recruiting 31.8
Job Postings (MIT or Sloan) 5.6
Alumni 4.6
Faculty/CDO/Sloan student referral 2.6
MIT/Sloan sponsored events 1.6
Club event 0.7
Student-Facilitated Activities 18.0
Contacted directly 8.9
Personal Network 5.9
Previous Employer 2.6
Newspaper, magazine, internet job boards 0.6
Other 1.0

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Employment Report - Class of 2013 Overview

Class of 2013 Profile1

Number of Candidates411
U.S. Citizens61%
Non-U.S. Citizens39%
Women38%
Median GMAT Score710
Median Undergraduate GPA (out of 4.0)3.6
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 2013 Employment Profile2

  Number Percent
Seeking Employment 316 76.9
Not Seeking Employment 88 21.4
Leaders for Global Operations Students 50 12.2
Company sponsored or have been
employed as student		 13 3.2
Starting own business 24 5.8
Other reason(s) for not seeking 1 0.2
No Information Available 7 1.7
Total Graduates 411 100

2 All information based on data reported by students.

Summer Employment Overview3

Mean Monthly Base Salary $7,166
Median Monthly Base Salary $7,500
Range of Monthly Base Salary4 $1,000–$13,333

3 Summer employment statistics based on job acceptances. 72.6% of reported acceptances included usable salary information.

Top Intern Hirers of Class of 2013

  • McKinsey & Company (14)
  • Boston Consulting Group (13)
  • Bain & Company (12)
  • Amazon.com (10)
  • Google (9)
  • Goldman Sachs (7)
  • Barclays(6)

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Salary Figures

Class of 2013 Monthly Salary by Industry1

  Percent Mean1 Median Low High
Service Industries 68.4 $7,625 $8,000 $1,000 $13,333
Consulting 20.4 $9,585 $10,500 $1,000 $13,000
Software/Internet 14.2 $6,596 $7,000 $3,500 $8,551
Investment Banking / Brokerage 11.5 $7,750 $8,333 $2,500 $8,500
VC/Hedge Fund/Private Equity 7.1 $5,789 $5,750 $1,200 $13,333
Retail 6.5 $6,768 $8,000 $4,000 $8,000
Investment Management 4.0 $7,208 $8,300 $3,200 $11,154
Media/Entertainment 2.5 $4,122 $3,800 $2,000 $8,000
Diversified Financial Services 2.2 $6,892 $7,875 $3,800 $9,000
Manufacturing Industries 24.1 $6,529 $6,800 $1,200 $10,000
Pharmaceutical/Healthcare/Biotechnology 9.0 $6,267 $7,000 $1,200 $10,000
Computers/Electronics 5.0 $7,091 $7,500 $4,800 $10,000
Consumer Products 3.4 $6,410 $6,650 $4,000 $9,600
Oil/Energy 3.4 $6,263 $6,250 $4,000 $8,500
Manufacturing: Other 1.5 $6,200 $6,250 $4,500 $7,800
Automotive/Aerospace 0.9 $6,833 $8,000 $4,000 $8,500
Telecommunications 0.9 $6,911 $6,400 $5,333 $9,000
Government/Nonprofit 6.2 $3,840 $3,750 $2,000 $5,600
Other 1.3 —2 — — —

1 All salary data based on reported compensation.
2 Dash indicates fewer than three people or less than 1% reported salary information.

Top Industries

2012 2011 2010
Consulting 20.4% 21.5% 18.9%
High Technology* 20.4 16.8 14.5
Investment Banking 11.5 17.1 10.7

*Includes Computers/Electronics, Software/Internet and Telecommunications

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Class of 2013 Monthly Salary by Job Function

  Percent Mean Median Low High
Consulting 32.8 $8,039 $8,800 $1,000 $13,000
Finance (total) 27.2 $7,091 $8,000 $1,200 $13,333

Finance: Other1

 8.4 $7,065 $7,500 $4,000 $13,333

Finance/Investment Banking

 7.7 $7,818 $8,333 $3,000 $8,500

Finance: Investment Management

 4.3 $5,979 $5,938 $3,200 $8,500

Finance: Analysis

 3.1 $6,214 $4,850 $4,000 $11,154

Finance: Private Client Services / Wealth Mgmt

 1.9 $8,800 $8,300 $7,600 $11,000

Finance/Sales & Trading

 1.2 —2 — — —

Finance: Research

0.6 — — — —
Marketing/Sales 14.9 $6,085 $6,600 $1,350 $8,000
Business Development 8.7 $5,730 $5,333 $2,500 $9,600
Operations/Project Management 6.8 $6,962 $8,000 $4,000 $8,800
Product Management/Development 5.3 $7,390 $8,000 $2,000 $10,800
Leadership Development Program/General Management 2.2 $7,667 $8,000 $6,000 $9,000
Information Technology 0.6 — — — —
Human Resources 0.3 — — — —
Other 1.2 $5,425 $5,750 $3,500 $6,700

1 Finance/Other includes corporate finance, venture capital and private equity.

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

Top Functions

2012 2011 2010
Consulting/Strategic Planning 32.8% 29.9% 29.6%
Finance 27.2% 32.7% 22%
Marketing/Sales 14.9% 14.4% 14.2%

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Class of 2013 Monthly Salary by Geographic Location

  Percent Mean Median Low High
North America 83.3 $7,261 $7,500 $1,200 $13,333
Northeast1 43.0 $7,574 $8,100 $1,200 $13,333
Metro Boston 22.6 $7,867 $8,000 $1,200 $13,333
Metro New York 17.6 $7,252 $8,250 $2,000 $11,200
West 22.6 $7,024 $7,136 $3,000 $11,200
Southwest 4.3 $7,734 $8,000 $5,280 $11,201
Mid-Atlantic 3.7 $7,114 $7,800 $3,500 $10,800
Midwest 3.7 $5,493 $5,700 $2,560 $7,500
South 3.7 $7,270 $8,000 $4,000 $10,500
Mexico 2.3 $6,223 $4,000 $3,540 $11,000
Rest of the World 16.7 $6,674 $6,500 $1,000 $13,000
Asia 7.4 $5,596 $4,800 $1,200 $11,100
Latin America and the Caribbean 4.6 $7,918 $8,000 $5,000 $13,000
Europe including UK 3.7 $8,059 $8,500 $3,100 $12,000
United Kingdom 1.5 $9,038 $9,000 $8,000 $10,400
Africa 1.0 —2 — — —

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 2013 Monthly Salary by Undergraduate Major

Major Percent Mean Median Low High
Engineering 34.0 $7,702 $8,000 $2,000 $13,000
Social Sciences & Humanities 32.5 $6,778 $6,940 $1,000 $13,333
Business 25.7 $6,793 $7,150 $1,000 $11,267
Sciences & Mathematics 7.8 $7,066 $6,000 $1,200 $10,500

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Class of 2013 Monthly Salary by Professional Experience

Years Experience Percent Mean Median Low High
One year or less 1.6 $5,240 $5,000 $1,200 $8,000
More than one year, up to 3 years 10.5 $6,872 $7,650 $2,560 $11,267
More than 3 years, up to 5 years 45.5 $7,231 $7,400 $1,000 $13,333
More than 5 years 42.4 $7,269 $7,500 $1,350 $13,000

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Class of 2013 Reason for Accepting Position

  Percent
Job Function 26.3
Industry 21.3
Job Content 15.7
Growth Potential 12.7
Prestige of Firm 9.3
People/Corporate Culture 7.3
Location 5.3
Commitment to Sustainability 1.0
Compensation 0.4
Other 0.7

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Class of 2013 Source of Job

  Percent
School-Facilitated Activities 73.1
Interviews scheduled through on-campus recruiting 39.9
Job postings (MIT or Sloan) 21.4
MIT/Sloan sponsored events 4.0
Faculty/CDO/Sloan student referral 3.4
Alumni 2.5
Club event 0.9
E-Center 0.6
Résumé database, Résumé referrals 0.4
Student-Facilitated Activities 26.0
Contacted directly 14.2
Personal network 9.3
Newspaper, magazine, internet job boards 1.3
Previous employer 1.2
Other 0.9

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Employers Hiring Members of the MBA Classes of 2012 and 2013

*LGO Partner during 2011-2012 academic year.

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

360Chestnut
3M
A.T. Kearney
a-connect
Advantix Systems
Advent International Corp.
Aegerion Pharmaceuticals
Aetna
AIG
Albemarle Corporation
Allied Minds
Allston Trading
Altrius Capital Management
Altuzarra
Amazon*
American Express Company
Amgen*
Analysis Group
Anheuser Busch InBev
AOL Inc
Apple
Appleseed Food Frontiers
Aragain Capital Management
Arctaris Capital Partners
Assembla
Atlantic Power Corporation
Aurus
Autodesk
AX Ventures
Bain & Company
Banco Itau BBA
Bank of America Merrill Lynch
Barclays Capital
Barclays Capital Asia Ltd.
Battery Global Advisors
Bechtel Enterprises
Bessemer Venture Partners
Biogen Idec
Black Coral Capital
Blackstone Group, The
Blizzard Entertainment
Bloom Energy
BloomReach
BNY Mellon
Bocage Capital
Boehringer Ingelheim Pharmaceuticals
Boeing*
Booz & Company
Boston Consulting Group
Brattle Group
Breathable Foods
Bridge International Academies
Brightcove
British Telecom
Brook Venture Partners
Burger King Corporation
Caesars Entertainment
Capital One
Captain Inc.
Care.com
Careblue
Cargill
Caterpillar*
CDH Investments
The Center for Financial Services Innovation
Chartis Insurance
Cinepolis
Cisco Systems*
Citi
CITIC Private Equity Funds
Coinstar
Colony Realty Partners
CorpBanca
Coty
CPFL ENERGIA
Credit Suisse
CSMG Global
Cummins

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Dalberg - Global Development Advisors
Dell*
Deloitte Consulting
Deloitte LLP
Desigual
Deutsche Bank
DFS Group
Doosan
Drake Capital
DSM
DuPont
eBay
EDF Climate Corps
Education Elements
Education Pioneers
EMC Corporation
EMP Latin America
Endeavor Initiative
Environmental Defense Fund
ESI
Essentient
Evenstar Capital
ExxonMobil Corporation
Facebook
Falabella
Felicis Ventures
Fidelity Investments
Flagship Ventures
FSG Social Impact Consultants
Gafisa
Gallup Organization
Gap
Gemini Real Estate Advisors
Genentech
General Electric
General Motors*
Genzyme Corporation
GETCO
GifBoom
GMO
Goldman Sachs
Google
Grinda Investors
Groupon

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H.I.G. Capital
H.I.G. Growth Partners
Hailo
HarbourVest Partners
Hershey Company
Hill Holliday
Hony Capital
Horizon Capital
Houston Astros Baseball Club
HubSpot
Icatu
IDEO
I-Med
Infinity Pharmaceuticals
Innosight
Innovations for Poverty Action
Intel*
Inter-American Development Bank
Interbrand
InterGen
International Finance Corporation World Bank Group
Intuit
IO Data Centers
Itaś Unibanco
J.P. Morgan
Jawbone
Jefferies & Company
Jiangxi Copper Corporation Investment
John Hancock Financial Services
Johnson & Johnson*
JPMorgan Chase
Kaiser Permanente
Kayne Anderson
Khazanah Nasional Berhad
Klout

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L.E.K. Consulting
Liberty Investments Holding B.V.
Liberty Mutual
Lincoln Center for the Performing Arts
LinkedIn
Locu
Los Angeles Music Center
LVMH
Manus Biosynthesis
MarketShare
Massachusetts General Hospital*
MasterCard Worldwide
McGraw-Hill Companies, The
McKinsey & Company
McMaster-Carr Supply Co
Microsoft
Midori Renewables
Millennium Pharmaceuticals
MITIMCo
MLB Advanced Media
Monitor Group
Morgan Stanley
Morgan Stanley Investment Management
Muse
National Hockey League
Network for Teaching Entrepreneurship
New Balance Athletic Shoe
New York Presbyterian Hospital
NewQuest Capital Partners
Nike*
Nissan North America
Nomura International
Novartis*
Novophage
OC&C Strategy Consultants
Oliver Wyman
Omnisport
Open Capital Advisors
Open English
Osram AG

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PA Consulting Group
Paloma Partners
PAR Capital Management
Parthenon Group
Participant Media
PayPal
Pfizer Inc
Philips
PIMCO
Point Judith Capital
Pratt & Whitney
Price Waterhouse Coopers
Procter & Gamble
PRTM Management Consultants
PSEG - Public Service Enterprise Group
PwC Advisory
Q-Bank
Quantum Reservoir Impact
Rabin Martin
Raytheon
REDF
Redstar Ventures
Regeneron Pharmaceuticals
The Related Companies
Reliance Industries
Rest Devices
Revere Partners
Robert W. Baird & Co.
Rocket Fuel
Rocket Internet
Rockwell Automation
Roubini Global Economics
Rustic Canyon Partners
RW Baird

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Sabadell
Salesforce.com
Samamsource
Samsung Electronics
Samsung Global Strategy Group
Samsung Information Systems America
Samsung Mobile
SanDisk
Sanofi
Sanofi Group: Sanofi & Genzyme
SAP America
Scripted
SCVNGR
Sealed Air Corporation
Sears Holdings Corporation
Siam Cement Group
Siemens AG
Siemens Management Consulting
Simon-Kucher and Partners
Simple Tuition
Smith & Nephew
Social Finance
SSG Advisors, LLC
St. Jude Medical
Staples
State Street Global Advisors
Stax
Steinbock Financial Group
StubHub
Stylitics
SunEdison, LLC
Symantec Corporation
Thermo Fisher Scientific
Thomson Reuters
TinyCo
Trafigura Beheer B.V.
Trionworlds.
TripAdvisor
Turan Advisors
U.S. Department of Energy
UBS
Union Pacific
United Nations Development Programme
Univision

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Vanguard
Variant Capital
Vecna Technologies
Verizon Communications
Vertex Pharmaceuticals
Vinci Partners
Visa
Visible Measures
VMware
Volaris
Wal-Mart
Waste Management
Waters Corporation
Wellington Management Company
Wells Fargo & Company
Wellspring Consulting
Windhorse Capital Management
World Economic Forum USA
World Food Program
Yammer
Yoxi

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MIT Sloan > Career Development Office > Employment Reports > Current MBA Employment Reports