Friday, September 3, 2010

Average salary for a Harvard MBA graduate: $114,400

Here's some interesting data. The average base salary for a Harvard MBA graduate in 2009 was $114,400. The average signing bonus was $20,000.

What if we broke that down by job function? 

Function (Class of 2009)%Median Base Salary
Business Development8%$100,000
Consulting28%$125,000
Finance32%$110,000
General Management16%$105,000
Marketing9%$97,000
Strategic Planning4%$109,000
Other3%$97,500

What if we broke that down by industry?

Industry (Class of 2009)%Median Base Salary


Consulting 26%$125,000
Entertainment/Media4%$104,000
Financial Services31%$110,000
Non-Profit/Government7%$90,000
Retail3%$105,000
Other Services (incl. Real Estate)2%$100,000
Healthcare7%$105,000
Consumer Products5%$95,000
Manufacturing8%$112,500
Technology7%$110,000

A full-time MBA at Harvard takes 2 years. However, most full-time MBA students have a few years of working experience before they go to business school. Regardless, the long path to medicine probably doesn't make much sense if you're aiming to make 6 figures before you're in your mid-to-late twenties

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