Stanford GSB offers one of the best MBA programs in the world, and its alumni are among the highest-paid. The average starting salary of a Stanford MBA has been rising over the past decade, and in 2022, the starting compensation averaged a quarter million annually. This includes the base salary, sign-on bonus, and expected performance salary. Here’s an overview of compensation stats for MBA graduates from Stanford:
Average Salary for Stanford MBA Graduates
The average and median salaries of Stanford GSB MBA graduates skyrocketed from previous years. In the recently released report, Stanford’s Class of 2022 saw the average starting salary jump 12.6% from 2021, a difference of more than $20,000. The base salary was calculated at $182,272, up from $161,831.
Although the 2022 Class made the most significant one-year jump, the trend is more than a decade in the making. The average salary of Stanford MBA graduates had increased since 2013, when the base salary was $125,592. Stanford’s Class of 2022 made the biggest leap, showing no signs of being slowed down by the pandemic.
When sign-on bonuses and expected performance salary are added, the starting salary rises to $257,563, up from $231,849. This is the first time a business school has reported average compensation of more than a quarter of a million. About 19% of the class of 2022 MBAs also launched their ventures, and of those, 46% were women.
Most Popular Industries for MBA Graduates
Stanford GSB is known for producing tech-savvy entrepreneurs and has one of the best MBA courses for finance careers. Up to 33% of the class of 2022 MBAs entered finance. Up to 93% of MBA grads from Stanford received job offers within three months of graduating, and 84% accepted those offers. The figure was down from 96% the previous year.
Finance was the most popular industry, with a third of graduates joining the industry. Technology came in second, with 30% of grads entering the sector. Consulting was the third most popular route for Stanford’s MBA grads of 2022 at 15%, down from 18% in 2021. Media/entertainment, healthcare, energy, consumer products, and real estate came in 4th, 5th, 6th, 7th, and 8th.
Most MBA graduates from Stanford remained in North America after graduation. 93% remained in the US, while 3% moved to Europe. Stanford GSB offers one of the most competitive programs, so graduates get offers from leading companies. Popular hiring companies include Amazon, Apple, Google, Facebook, McKinsey, BCG, Bain, HSBC, American Express, Goldman Sachs, and more.
How Do I Join Stanford’s MBA Program?
Graduates from Stanford’s MBA program have the potential to earn large salaries from leading companies in the US and abroad. Stanford GSB is one of the leading MBA programs worldwide and only takes the best students. If you plan to join Stanford, you must polish your profile and have impressive grades.
Working with a Stanford MBA admissions consultant can also increase your chances of success. Admissions consultants can help you improve your prospects of getting placement in the MBA program at Stanford.
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