1. Consulting jobs
Consulting jobs for MBA grads can pay really well. In 2022, those working at top firms like McKinsey, BCG, and Bain got almost $200,000 as a starting salary. These firms are hiring MBA grads, but there’s a slight slowdown with some delaying start dates.
Salaries in consulting can go up fast. In the first year, the average pay is $190,000, but by the second or third year, it can reach $220,000 to $240,000. Higher roles like senior consultant or partner can even make $275,000 to $700,000, according to a 2023 report.
Keep in mind, that these figures don’t include bonuses. When you add signing and performance bonuses, the take-home pay can be up to $30,000 more.
2. Finance jobs
Many MBA graduates choose careers in finance, and jobs like hedge fund manager, financial analyst, and investment banker offer starting salaries exceeding $100,000, making them lucrative options.
MBA grads in financial services often earn six-figure salaries. In 2022, graduates from Stern and Tuck reported median salaries of around $200,000. Some Harvard MBA grads even earned nearly $400,000 in their first year, combining base salary and bonus income.
Roles in venture capital, private equity, and asset management are also high-earning in the finance industry, providing MBA grads the potential to earn well over six figures in these positions.
Go to the next page to see other highest–paying industries for MBA graduates.
