This is how much you can earn as an MBA graduate from an M7 Business School

THROUGH Sydney lakeNov 14, 2022 at 4:12 p.m

The entrance to the Massachusetts Institute of Technology in Cambridge, Massachusetts, as seen in August 2021. (Photo by Sergi Reboredo—VW Pics/Universal Images Group/Getty Images)

Employment reports clearly show one thing: MBA salaries are rising. Among the top business schools that have published full-time MBA employment reports released so far this 2022, all have seen healthy increases in median starting salaries for recent graduates — with some schools seeing increases of as much as 13%. The salary increases have been driven by fierce market competition for MBAs in general, business school officials agree.

Companies “were competing for talent — and our students benefited from a really competitive employment environment,” said Emily Anderson, senior director of the Career Management Center at Vanderbilt University’s Owen Graduate School of Management, previously Wealth. At Vanderbilt, starting salary packages for 2022 MBA graduates hit an all-time high of more than $173,000. wealth ranks Vanderbilt #21 on its list of full-time MBA programs.

Other top business schools like New York University’s Stern School of Business and the University of California – Berkeley Haas School of Business reported salary increases of 10% and 6%, respectively. wealth ranks these two programs in the top 20 in their full-time MBA rankings, but neither is in the coveted list of “M7” institutions that many hopeful business schools choose to attend.

Of the M7 schools or the “Magnificent 7” that have released their salary data for 2022, all have shown an increase in mid-salary packages. Plus, all of their average base salaries are at least $150,000 — and many receive generous bonus packages of $30,000 and up. The M7 schools are: Harvard Business School, Stanford University, University of Pennsylvania (Wharton), Columbia Business School, Northwestern University (Kellogg), University of Chicago (Booth) and MIT (Sloan).

At Kellogg alone, average base salaries increased by $15,000 to $165,000, and average signing awards were $30,000, according to the school’s recently released 2022 salary data.

“The market really wanted talent, and we had the talent,” said Liza Kirkpatrick, associate dean of Kellogg’s Career Management Center, previously Wealth. “Our students have really had to overcome COVID and have shown resilience in the process. The market reacted to this. Our students got the jobs they were looking for.”

wealth has compiled all the latest salary, tuition and admissions statistics for the M7 schools. Note that some M7 schools have not yet released their 2022 salary figures.

Harvard Business School

wealth Full-time MBA Ranking: Number 1

Average base salary: $175,000 (2022 figures)

Medium Signing Bonus: $30,000

Instruction: $73,440 per year

Average undergraduate GPA: 3.7

Stanford Graduate School of Business

wealth Full-time MBA Ranking: No. 5

Average base salary: $156,000 (2021 figures)

Medium Signing Bonus: $26,500

Instruction: $76,950 per year

Average undergraduate GPA: 3.78

Wharton School of Business at the University of Pennsylvania

wealth Full-time MBA Ranking: Number 4

Average base salary: $155,000 (2021 figures)

Instruction: $84,874 (first year)

Average undergraduate GPA: 3.6

Columbia Business School

wealth Full-time MBA Ranking: No. 6

Average base salary: $150,000 (2021 figures)

Medium Signing Bonus: $30,000

Instruction: $80,472 per year

Average undergraduate GPA: 3.5

Northwestern University Kellogg School of Management

wealth Full-time MBA Ranking: No. 3

Average base salary: $165,000 (2022 figures)

Medium Signing Bonus: $30,000

Instruction: $78,276 per year

Average undergraduate GPA: 3.7

University of Chicago State School of Business

wealth Full-time MBA Ranking: No. 2

Average base salary: $175,000 (2022 figures)

Medium Signing Bonus: $30,000

Instruction: $77,841 per year

Average undergraduate GPA: 3.54

MIT Sloan School of Management

wealth Full-time MBA Ranking: No. 9

Average base salary: $150,000 (2021 figures)

Medium Signing Bonus: $30,000

Average undergraduate GPA: 3.5

Check out all Wealth’s rankings of the courses and find out more about specific career paths.

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