By Sydney Lake | Fortune Education | December 8, 2021
The MIT Sloan School of Management is not only one of the most competitive MBA programs, but it also produces some of the most successful business school graduates in the country. Fortune ranks MIT as having the No. 8 full-time MBA program in the U.S.
Our full-time MBA ranking methodology heavily considers outcomes for graduates; and MIT Sloan’s 2021 employment report showed that nearly 96% of the class found a job three months post-graduation with a median base salary of $150,000. Even more impressive, however, was that nearly half of MIT Sloan’s 2021 MBA class earned more than $200,000 right after graduation.
“This year’s outcomes highlight the value of the MIT Sloan MBA, especially in times that call for agile business leaders who solve complex problems with ingenuity,” Susan Brennan, assistant dean of MIT Sloan Career Development Office, wrote in the 2021 employment report.
The top industries that hired MIT Sloan grads in 2021 were consulting (28%), technology (25%), and finance (21%). Graduates who went into consulting, on average, earned a base salary of $165,000 with a $30,000 bonus, and those who went into finance earned a $150,000 base with a $40,000 bonus.
MIT Sloan grads also earned other guaranteed compensation, including stock options and equity; relocation and moving expenses; and tuition and education reimbursement. The median award for other guaranteed compensation was $34,000—meaning that consulting and finance MBAs on average earned well above $200,000 immediately after graduation. Consulting and finance grads comprised half of the 2021 MIT Sloan MBA class.
