Stanford’s class of 2013 employment report reveals some serious success for recent GSB graduates with a reported median base salary of $125,000. While this amount is unchanged from last year, the big increase occurs at the bonus level with median signing bonuses and guaranteed bonuses up $5,000 each, to $25,000 and $30,000 respectively.
A Poets & Quants article provides the following stats on Stanford’s employment data:
• 18% of class of 2013 grads became entrepreneurs, compared to 13% in 2012.
• 77% of students had job offers by graduation, down only slightly since last year’s 78%.
• 94% had job offers three months after graduating, up slightly from 93% in 2012.
• Graduates with jobs in private equity earned the highest average base salary at $157,696. This is followed by those with jobs in hedge funds ($151,111), then venture capital ($147,500), and then those with jobs in management consulting ($132,855).
• The lowest salaries went to MBAs with non-profit jobs ($85,050), followed by those in real estate ($108,750), and those who took retail positions ($110,294).
• The highest hitters this year include an analyst position in private equity ($225,000), a strategist in the media/entertainment industry ($225,000), and a hedge fund portfolio manager ($200,000).
• The highest signing bonus (of $100,000) went to an MBA entering a private equity firm.
• The lowest base salary (of $40,000) went to a graduate who took a job in consumer products/services; the next lowest (of $54,000) went to someone with a tech position in a media/entertainment company. (This latter person presumably received equity in exchange for a lower salary.)
• 32% of the 2013 class went into technology with an average base salary of $117,408. Last year, only 24% of graduates took jobs in this industry.
• 26% of grads took jobs in finance, a drop from last year’s 32%.
• 19% of 2013 graduates landed consulting jobs, down from 20% in 2012.
See the P&Q article, as well as this Biz Journals article, for more details.