Current MBA Employment Reports

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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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 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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