Stanford GSB, one of the world's finest business schools, has reported that its class of 2019 earns a median base salary higher than most business schools in the same league, including the likes of Harvard Business School and the Yale School of Management! This Stanford GSB MBA employment report will uncover the type of salaries different batches over five years have reported earning, and the career opportunities they sought post-graduation!
Stanford MBA Employment Report - Consulting, Finance Go-To Functions For Stanford MBA Grads
- The highest median base salary throughout the 5 years is for the Hospitality/Travel Industry at $180,000 for the batch of 2019. No data is available regarding the salaries for the same industry in the previous years.
- Looking at function-wise hiring trends, Consulting and Finance make up the top paying roles at Stanford GSB. However, looking at industry trends, Technology–which makes up for a fourth of the class–beats Consulting–less than a fifth of the hires.
- Based on trends over the past five years, a Stanford MBA graduate is likely to be hired by a firm in the Finance Services or Technology industry in his/her first year as an MBA graduate. Also high in demand amongst Stanford grads is the Consulting industry. These 3 industries made up for 75% of the hires in the class of 2019.
- Stanford seems to be encouraging entrepreneurship, with 15%-16% of its students starting their own business post-MBA.
- The median signing bonus for all 5 years has remained at a consistent $25,000.
You may also like to read - Employment Report - Harvard, Wharton, Columbia, MIT Sloan - Class of 2019
Stanford MBA Employment Report - Important Recruitment Statistics For Previous Batches
Stanford MBA Employment Report - Salaries Stanford GSB Graduates Earn Post-MBA - 5 Year Analysis
The median base salary offered to any class fluctuates at a rate of about 4%. With the exception of 2017, every other batch saw a rise in their median base salary. Because of the fall in salary, the batch of 2018 saw a rise of 9%.
Since data for guaranteed compensation and expected performance bonus wasn’t available, it is hard to derive conclusions. At a glance, it is clear that the guaranteed bonus is at least 30%-50% higher than the expected bonus.
Stanford MBA Employment Report - Finance, General Management Top Paying Roles At Stanford GSB
Finance pays the highest median base salary at $170,000, followed by General Management and Consulting. While General Management Roles pays a higher salary package than Consulting, it only makes up for 9% of the class hires. Consulting remains the most popular, with over a third of the hires in 2019. Consulting and Finance together make up for more than 50% of the class hires.
Stanford MBA Employment Report - Function Wise Hiring Trends Over 5 Years
What are the types of roles that Stanford graduates generally prefer to go for post-MBA? Which are the most sought-after and least sought-after domains for Stanford MBA graduates?
The graph below helps us visualise trends in hiring at Stanford for major business and management related domains - Consulting, Finance, General Management, Marketing, and Operations & Logistics. Product Development and other functional domains have been clubbed together under ‘Other’.
Stanford MBA Employment Report - Industry Wise Salary Statistics Over 5 Years
Discounting Hospitality/Travel, the highest median base salary offered is for Finance roles in the year 2019. Finance roles have always received one of the top salary packages, making up for about a third of the class hires.
Consulting and Health Care are other high paying industries. However, Financial Services remains the most popular industry among Stanford grads, followed by Technology and then Consulting.
The lowest median base salaries offered was for the functional domain of ‘Non-Profit’, at $85,000 in the year 2019. That is a $21,000 drop from the package offered for the same role in 2018.
Stanford MBA Employment Report - Industry Wise Hiring Trends Over 5 Years
The graph below helps us visualise the industry wise trends in hiring at Stanford. Consulting, Consumer Products, Energy/Cleantech, Financial Services, Health Care, Hospitality/Travel, Media & Entertainment, Non-Profit, Retail, Real Estate, Technology, Transportation & Logistics. Education and other industries have been put together under ‘Other’.
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