Figures checked on

Cost and return · figures from each school’s own report

Post-MBA salary, school by school

The highest school-wide salary we read is $185,000, a median base salary reported by Harvard, Stanford GSB and Wharton.

Gross, per year

Best fit for any industry (whole class), on your salary

Wharton

87% of the class (about 773 graduates) · $185,000 · payback 3.9 years

Fit score: share of the class (40%), salary (30%) and ten-year NPV for you (30%), each as a percentile among the schools shown. Schools under 0% of the class are not ranked. Method.

#SchoolShareAboutSalaryPayback10-year NPVScore
1WhartonPhiladelphia · 21 months87%773$185,0003.9 years$312,20891
2HarvardBoston · 21 months84%792$185,0004.0 years$300,06882
3Stanford GSBStanford · 21 months81%352$185,0004.0 years$296,46974
4UVA DardenCharlottesville · 21 months89.3%322$175,0004.1 years$257,29087
5Chicago BoothChicago · 21 months87.8%558$175,0004.1 years$260,41385
6ColumbiaNew York · 20 months90.4%888$175,0004.5 years$223,91585
7MIT SloanCambridge · 21 months87.1%377$175,0004.2 years$245,65982
8Dartmouth TuckHanover · 21 months87%264$175,0004.3 years$234,88379
9KelloggEvanston · 21 months85.5%457$175,0004.3 years$241,00976
10NYU SternNew York · 21 months86%289$175,0004.7 years$194,43272
11Emory GoizuetaAtlanta · 21 months81.7%105$175,0003.9 years$282,53270
12Cornell JohnsonIthaca · 21 months83%229$175,0004.5 years$220,13767
13Yale SOMNew Haven · 21 months79.9%293$175,0004.3 years$234,09759
14Michigan RossAnn Arbor · 21 months84.3%319$170,0004.2 years$236,46769
15Berkeley HaasBerkeley · 21 months84.1%230$167,2504.5 years$196,33564

Share: % of the graduating class (or of those who accepted a job) the school reports for this goal. About: that share applied to the class size. * no salary published for this goal: school-wide figure. Salaries in US dollars at the ECB rate of the last update; “average” marks a mean where the school publishes no median.

Placing graduates here but not ranked: AGSM UNSW 87% (no salary published) · Alliance MBS 94% (no salary published) · CEIBS 90% (no living budget published) · EDHEC 84% (no salary published) · Esade 90% (no salary published) · Fudan 94.4% (no salary published) · HKUST 95% (no salary published) · IESE 80% (no salary published) · IIM Ahmedabad PGPX 96.4% (no living budget published) · IIM Lucknow IPMX 92.6% (no living budget published) · Nanyang (NTU) 93% (no salary published) · NUS 93% (no living budget published) · Rice Jones 71.3% (no living budget published) · SDA Bocconi 79% (no living budget published) · SKK GSB 93% (no salary published) · SMU 80% (no salary published) · USC Marshall 71% (no living budget published) · WashU Olin 78% (no living budget published).

Built by Radif Partners · figures checked · Method · Editorial policy

Post-MBA salaries are what one past class reported to its school, and schools do not all report the same thing. Of the 53 schools that publish a figure, 33 give a median base salary, the standard of MBA CSEA reporting, 12 give an average base salary and 6 an average or median of total pay, which includes bonuses. In US dollars at the ECB rate of October 13, 2026, the figures run from $28,337 at IIM Lucknow IPMX to $185,000 at Harvard. The most common median among American schools is $175,000, shared by 10 of them. By industry, consulting pays the most uniform salary: $190,000 at 14 of the 39 schools that publish one. 22 schools publish no salary on their open pages, 9 of them in Europe and the UK.

One figure per school, four kinds of figure

The table gives the school-wide salary each school publishes, in its own currency and in dollars, with the class it describes. The column that matters most is the third one. A median base salary is the pay of the graduate in the middle, without bonus; an average base salary adds everyone's base pay and divides, so a few large offers pull it up; a total pay figure includes the bonus. 33 schools publish the first kind, 12 the second, 6 the third or fourth. Reading Harvard's median base salary against an average from a European school mixes two measures.

School-wide salary reported by each school for its latest class, highest first, converted at the ECB rate of October 13, 2026.
SchoolSalary as reportedKind of figureIn US dollarsClass
Harvard$185,000median base salary$185,000Class of 2025
Stanford GSB$185,000median base salary$185,000Class of 2025
Wharton$185,000median base salary$185,000Class of 2025
Chicago Booth$175,000median base salary$175,000Class of 2025
Columbia$175,000median base salary$175,000Class of 2025
Cornell Johnson$175,000median base salary$175,000Class of 2025 (Two-Year MBA)
Emory Goizueta$175,000median base salary$175,000Two-Year MBA Class of 2025
Kellogg$175,000median base salary$175,000Class of 2025 (Two-Year MBA)
MIT Sloan$175,000median base salary$175,000Class of 2025
NYU Stern$175,000median base salary$175,000Class of 2025
Dartmouth Tuck$175,000median base salary$175,000Class of 2025
UVA Darden$175,000median base salary$175,000Class of 2025
Yale SOM$175,000median base salary$175,000Class of 2025
Michigan Ross$170,000median base salary$170,000Class of 2025
Berkeley Haas$167,250median base salary$167,250Class of 2025
UCLA Anderson$160,096median base salary$160,096Class of 2025
CMU Tepper$160,000median base salary$160,000Class of 2025
Duke Fuqua$160,000median base salary$160,000Class of 2025
Texas McCombs$150,000median base salary$150,000Class of 2025 (Winter 2024 and Spring 2025 graduates)
Georgetown McDonough$145,500median base salary$145,500Class of 2025
Vanderbilt Owen$142,800median base salary$142,800Class of 2025
Washington Foster$142,800median base salary$142,800Class of 2025
USC Marshall$142,184average base salary$142,184Class of 2025
Rice Jones$141,500median base salary$141,500Class of 2025
UNC Kenan-Flagler$139,637average base salary$139,637Class of 2025
Georgia Tech Scheller$137,500median base salary$137,500Class of 2025
IMD$136,940average total pay$136,940Class of 2025
Notre Dame Mendoza$136,000median base salary$136,000Class of 2025
Minnesota Carlson$135,058average base salary$135,058Class of 2025
Indiana Kelley$127,900median base salary$127,900Class of 2025
WashU Olin$126,000median base salary$126,000Class of 2024
Warwick£93,393average base salary$123,713Graduating Class of 2025
SDA Bocconi€110,281average total pay$123,382Class of 2025
HEC Paris$123,170average total pay$123,170Class of 2025
LBS£91,928average base salary$121,772Class of 2025 (MBA2025)
ASU Carey$121,116average base salary$121,116Class of 2025
BU Questrom$115,000median base salary$115,000Class of 2025
ESMT Berlin€100,000average total pay$111,880Classes of 2023-2025 (average)
INSEAD€100,000median base salary$111,880Classes of December 2024 and July 2025 (929 graduates)
Imperial£84,210average base salary$111,549Class of 2025
Mannheim$110,264average base salary$110,264Class of 2023
Oxford Saïd£81,466average base salary$107,914Class of 2024-25
Cambridge Judge£71,216average base salary$94,336Class of 2024/25 (Employment Report 2026)
NUS$88,002average salary$88,002Class of 2024
RSM€78,504average base salary$87,830Class of 2026
Queen's SmithCA$104,496average base salary$73,376Class of 2025
IveyCA$100,000median base salary$70,219Class of 2025
CEIBSCN¥420,000median base salary$62,745Class of 2025 (MBA2025)
ISB₹3,729,000average salary$39,137Class of 2026 (salary, offers) / Class of 2025 (sector and function split)
IIM Bangalore EPGP₹3,650,000median base salary$38,308EPGP 2025-26 (graduating 2026)
IIM Calcutta MBAEx₹3,288,000median total pay$34,50918th batch (placements 2025)
IIM Ahmedabad PGPX₹3,258,750median base salary$34,202PGPX Class of 2026 (final placements, audited)
IIM Lucknow IPMX₹2,700,000median total pay$28,337IPMX Class of 2026 (18th batch), data as of 15 April 2026

Why so many American schools report the same number

10 American schools report exactly $175,000 as their median. It reflects how MBA hiring works: large consulting firms and banks tend to offer the same first-year base pay wherever they recruit, as the industry table below shows, and when they hire a big share of a class, the graduate in the middle often holds one of those offers. The median then says more about the firms that recruit at the school than about the school itself. Schools below that line usually place more of their class in industries with lower pay or in regions where salaries are lower.

What a median does not tell you

Half the class earned less than the median, and the spread can be wide. Only 5 schools publish the first and third quartiles; at Yale SOM, the middle half of the class earned between $140,000 and $190,000. The figure also covers only graduates who sought a job, accepted an offer and answered the survey: sponsored students returning to their employer and founders are usually outside it. Read it as the pay of a typical hire from that class, not a promise for the next one.

Management analysts: where a salary sits in the U.S.

Position

below the median

25th percentile$77,950
Median$101,860
75th percentile$133,370

BLS, May 2025, all employers and levels.

Other occupations →

Salary by industry

Where schools split salaries by industry, the pattern is steady. Consulting pays the same headline salary almost everywhere, finance a little less in base pay, and technology the widest range. The table shows, for each industry, how many schools publish a salary for it, the figure most of them share, and the extremes.

Salary reported for graduates hired in each industry, in US dollars; each school uses its own kind of figure, mostly a median base salary.
IndustrySchools publishing itMost common figureHighestLowest
Consulting39$190,000 (14 schools)$192,000, Stanford GSB$35,422, IIM Ahmedabad PGPX
Financial services39$175,000 (16 schools)$200,000, Stanford GSB$37,120, IIM Ahmedabad PGPX
Technology38$142,800 (4 schools)$185,000, Stanford GSB$66,181, CEIBS
Healthcare31$140,000 (5 schools)$175,000, Stanford GSB$38,833, IIM Ahmedabad PGPX
Consumer goods17$128,000 (2 schools)$165,000, Wharton$68,464, Ivey

The extremes often come from small groups: a school placing a handful of graduates in an industry can report a salary far from the rest. The finder shows the share of the class behind each figure, and the career pages for consulting, finance and technology set school figures against U.S. government wage data.

Schools that publish no salary

22 schools give no salary on their open pages, 9 of them in Europe and the United Kingdom: Alliance MBS, EDHEC, Esade, ESSEC, IE and IESE among them. Some keep the report behind a sign-up form, others publish it as images we could not read. We do not borrow a figure from a ranking or a forum to fill the gap, so those schools have no payback on this site. Ask the admissions office for the report and type the salary into the calculator yourself.

A signing bonus, on average

Expected value

$15,000

Chance of getting one50%

The model counts the bonus once, in the first year, times the share receiving it.

Add it to a school’s return →

Questions applicants ask

What is the average salary after an MBA in 2026?

There is no single figure. The schools we read report school-wide salaries from $28,337 to $185,000 once converted to dollars, and 33 of them give a median rather than an average. Among American schools, 10 report the same median base salary, $175,000.

Which MBA school reports the highest post-MBA salary?

Harvard Business School, Stanford Graduate School of Business and The Wharton School, University of Pennsylvania share the top figure, a median base salary of $185,000. The next figure down, $175,000, is shared by 10 schools. A school-wide figure mixes industries: a class heavy in consulting and private equity reports more than one heavy in marketing or nonprofits.

Is an average MBA salary higher than a median one?

Usually, for the same class. A handful of large offers in finance or abroad lifts an average without moving the median. LBS reports an average base salary of £91,928, so it cannot be ranked against a median from an American school without that caveat. We never convert one into the other.

Does the post-MBA salary include the signing bonus?

Not in a base salary, which is what most schools report. The bonus is published apart, with the share of the class that received one, and our model adds it in the first year only. A total pay figure, as IMD, SDA Bocconi and HEC Paris publish, already includes bonuses and looks higher for that reason.

How much does an MBA in tech pay compared with consulting?

Less, at most schools that publish both. Consulting medians cluster at $190,000, while technology ranges from $66,181 at CEIBS to $185,000 at Stanford GSB. Stock grants, common in technology offers, are outside base salary and outside every figure here, so the comparison understates tech pay by an amount no school report measures.

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Documents behind this page

Published by

Publisher of an MBA return calculator built on the employment reports of each business school

Figures checked on · Editorial policy · Contact

A model, not a promise: salaries are what a past class reported to its school, costs are the school’s published fees and budget, and growth, discount rate and the salary you give up are assumptions you can change. Scholarships, taxes, visas and your own offer move the result. Every figure is an estimate, not financial advice, and it does not replace the school’s own admissions and financial aid offices.

Fees, budgets and employment reports for 2026, read in the schools’ own documents on