yale som’s employment report was published this week showing a big jump in both starting median salary and total compensation for class of 2020 mbas. but while pay was up and offers were down at yale, the industry composition of the class changed little, with consulting continuing to rule as the top destination, accounting for more than a third of yale mba jobs. of the 346 graduates in the yale mba class of 2020, 276 sought work; 21, or about 6%, started their own business. notably, within finance, the number of yale mbas working in private equity/venture capital has exploded in the last two years, to 6.4% in 2020 from just 2% in 2018. but pay is what matters most to most new mbas, and in that area, the yale class of 2020 made news this year with a major increase in total compensation, fueled by a big boost in median base pay.
top employers of yale mbas in 2020 were once again a who’s who of familiar giants: in consulting, in addition to the mbb firms were deloitte, ey, kearney, and pwc; in banking, goldman sachs, citi, morgan stanley, bank of america; in tech, apple, google, facebook, intel, dell. regionally, yale mbas once again remained in the new york-boston corridor, with 47% of the class working there, down from just over 50% last year. notably, far more yale mbas stayed stateside this year, another reflection of the reality of the pandemic, with more than 87% of full-time jobs reported inside the u.s. compared to just under 80% in 2019. yale mbas working in the u.s. made a median base salary of $145k, up $10k in a year. forecasting a possible change in the top industries in next year’s employment report, far more yale class of 2021 students interned for finance (30.2%) than consulting (18.4%) companies.
that was the case at yale school of management. yale som grads were paid well in 2020. factoring in an overall median base salary of $140k, up from $130k in 2019, as well as a median signing bonus of $30k (unchanged) reported by 77.3% of grads and a median “other” comp of more than $20k reported by just over 10%, yale mbas’ median total comp was $165,333 last year, up from $155,170 the previous year — a 6.5% jump in one year. the result is that total median compensation for yale som mbas in 2021 was $165,248, an $85 decline from 2020 — about 0.05%.
and at the ross school of business at the university of michigan — a school that once held yale’s spot in the top 10 of the rankings — pay was up along with placement rates. alumni of the school excel in roles that span industries, sectors, and regions.” those mbas also make the most, at a median of $150k (unchanged from last year).
case in point: yale university school of management (som) reports that its 2021 mba grads were bringing home $140,400 average base salaries yale mbas working in the u.s. made a median base salary of $145k, up $10k in a year. of those who did find work abroad, most went (or went back) pay also climbed, with median starting salaries up to $150,000 from $144,000, leading to a 2.1% uptick in total compensation, to $175,800 from, yale mba ranking, yale mba ranking, yale job placement rate, yale mba requirements, yale mba acceptance rate.
salary is $140,000 and total compensation $165,000. job offers slip, but yale mba pay is way up. yale’s mba class of the median base salary for the class is $140,400. this is a minor bump up from the class of 2020’s median base salary, which was $140,000, and the class of 2021 pay also climbed, with median starting salaries up to $150,000 from $144,000, leading to a 2.1% uptick in total compensation, to $175,800 from, yale mba fees, yale graduate average salary, yale mba curriculum, yale mba internship, yale som employment report, dartmouth mba employment report, stern mba employment report, yale mba career services, yale mba students, yale som phd placement.
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