2023-2024
MBA Employment Report
Susan Brennan
Assistant Dean,
MIT Sloan Career Development Office
MBA Employment Report 2023-2024 | Page 2
I am pleased to share the 2023-2024 MBA Employment Report featuring employment
outcomes for the MBA Class of 2023 and internship data for the MBA Class of 2024. This
past year’s recruiting cycle was remarkable not only for the disrupted economic climate,
but also for the exceptional opportunities Sloanies found to fuel progress and drive
transformation at well-established, high-growth, and startup organizations.
Candidates from the Classes of 2023 and 2024 accepted opportunities at 290 companies
spanning Consulting, Technology, Finance, Healthcare/Pharma/Biotech, and other key
industries. Just over half (52.2%) accepted roles with our top employers – those hiring three
or more MIT Sloan MBAs during the year. The complete list of employers who hired
members of the Classes of 2023 and 2024 includes both longstanding and new recruiting
partners. We were excited to welcome 125 new companies across a variety of industries.
Sloanies also accepted opportunities at 68 startup-level companies.
For the MBA Class of 2023, salaries trended upward, with the average base salary
increasing 5.5% to $168,095, and the median base salary increasing 3% to $170,000.
Signing bonuses and other forms of expected compensation were strong contributors to
total employment packages. The median signing bonus was $30,000, while the average
was slightly higher at $38,989. Additionally, 65.3% of the Class of 2023 reported received
other compensation beyond a signing bonus, with a median value of $40,000. Stock
options and equity offered a significant boost in compensation for some. For the 24.5%
reporting receiving stock and equity compensation, the median value was $105,000. The
average value was nearly double that, buoyed by several high-value stock and equity
packages.
The top four industries for the Class of 2023 were Consulting (33.7%), Technology
(24.1%), Finance (19.9%), and Healthcare/Pharma/Biotech (5.8%). Our top employers
hired MIT Sloan graduates across a variety of key functions, including consulting/strategic
planning, product management/development, operations/supply chain, business
development, and leadership development programs, speaking to the expertise and
versatility of MIT Sloan MBA graduates. Growth potential was the primary reason (38.6%)
graduates accepted their position.
The MBA Class of 2024 accepted internships in Finance (29.5%), Consulting (25.6%), and
Technology (20.1%). Healthcare/Pharma/Biotech (5.8%) was another key industry for
internship-seeking students, rounding out the top four industries. MIT Sloan MBA interns
were most motivated by the position’s Industry (26.3%) and Job Function (24.6%) when
accepting their summer offers. We saw an increase in the percentage of students accepting
roles in Consulting for the summer of 2023 which, combined with increases in internships
in the Energy, Other Manufacturing, and Entertainment/Media Sports industries, balanced
out reduced hiring by large technology companies this year.
Successful career outcomes are both an individual and a community endeavor. At MIT
Sloan, career development is supported not only by the CDO, but also through
educational and professional development opportunities, mentorship, and a highly
engaged network. We would like to express our appreciation for all those across our
community who create a uniquely MIT Sloan experience through world-class curriculum,
learning labs, centers and initiatives, mentoring, networking, and professional
development activities. To our faculty, alumni, employers, student career peers, and
colleagues: thank you for your partnership in supporting the next generation of leaders
and preparing them to drive transformation and progress in today’s disrupted markets.
We are grateful for your support!
MBA Employment Report 2023-2024 | Page 3
Red = Employers hiring three or more MIT Sloan MBA students for full-time and/or summer positions.
*LGO Partner during the 2022-2023 academic year.
Employers Hiring Members of the MBA Classes of 2023 and 2024
21.co
Abbott Laboratories
AbbVie
Accenture
Ace Point
AcousticaBio
Actis
Activate Global
Active Surfaces
Activision Blizzard
adaviv
Adobe
ARPA
-E
AE Industrial Partners
The Aerospace Corporation
AlixPartners
Alnylam Pharmaceuticals
Alpha Capital
ALTO
Altura Capital Management
Amazon
*
1
American Cancer Society
American Century
Investments
Amgen*
Amogy
Analysis Group
Andreessen Horowitz
Apollo Group Management
Apple
Applied Ventures
Arborview Capital
Ardan Equity
Ascend Partners
Atomic
Bain & Company
Bank of America
Barclays
BBVA USA
Bechtel Enterprises
The Bessemer Group
Biobot
Analytics
Biogen
Bitget
Blackhorn
Ventures
BlackRock
Blue Origin*
Boeing*
Bold
Bombshelter Digital
Bose Corporation
The Boston Consulting Group
Boston Properties
Boston Scientific
BP
Braze
Byob.ai
C3 AI
Cambridge Associates
Capital One
CarGurus
Carta
CATALOG
Caterpillar
*
Centerview
Partners
ChargePoint
Chime Financial
CIC
CIM Group
Circ
Citi
Clark Construction Group
Co:Collective
The Coca
-Cola Company
Colorado Department of
Transportation
Conduit Tech
Consensys
Context Labs
Craft Education System
Creative Artists Agency
CREW Carbon
The D.E. Shaw Group
Danaher Corporation
Dell Technologies
Deloitte Consulting
Dephy
DEUNA
dRisk
Dufry Group
Earth Finance
eBay
Eden GeoPower
Eli Lilly and Company
Enveritas
Essence Development
Eventellect
Evercore
EY
-Parthenon
2
Fanasa SA de CV
Fanatics
Fathom
Fidelity Investments
Fifth Wall
FJ Labs
Foothill Ventures
Ford Motor Company
Forgepoint
Capital
Formlabs
Found Energy
Frontier Airlines
FTI Consulting
Gates Ventures
Goldman Sachs
Good Jobs Institute
Google
3
Greenskies
Clean Focus
Guggenheim Partners
H20 Capital Innovation
H
-E-B Grocery
HelloFresh
HubSpot
Human Factor
Iberdrola
IBM
Infinite Cooling
International Finance
Corporation
Intuit
Inversiones
Odisea
Jane Energy
Johnson & Johnson*
JP Morgan Chase & Co.
Jump Capital
Kapor
Capital
Kearney
Ketryx
KIMC US
Kinnevik
KKR & Co.
L Catterton
L.E.K. Consulting
Labcorp
Latii
Lazard
LearnLaunch
Fund +
Accelerator
Legna
Software
LFM Capital*
LIDD Consultants
Link Capital Partners
Lithios
L'Oréal
Lynx Ventures
Macquarie Group
Mars
Commonwealth of
Massachusetts
Massachusetts Bay
Transportation Authority
Massachusetts General
Hospital
Massachusetts Institute of
Technology
MathWorks
Mattel
Mayor's Office of New Urban
Mechanics Boston
McKinsey & Company
Mendoza Ventures
Mercuria Investment
Meta
MFS Investment Management
Micronotes.ai
Microsoft
Mitsui O.S.K. Lines
Moderna
Moelis & Company
Moonshot Brands
Morgan Stanley
Mubadala Development
Company
Mundi Ventures
Nasdaq
National Basketball
Association
National Grid*
National Park Service
Navier
NCSOFT
NEC Corporation
Necessary Ventures
Netflix
New Balance
New York City Ballet
Newlab
NextEra Energy
*
Nike
*
Nissan*
Nogin
Nuera
NVIDIA Corporation
Okta
Omni
Onc.AI
Opportunity Gestora
Optum
PACCAR
Panasonic
Paradigm
PayPal
Pfizer
Phoenix Tailings
PIMCO
Piper Sandler
PIVA
Point72 Asset Management
Polen
Capital
Posaidon
Capital
POSH
PredictionStrike
Premier Nutrition
PricewaterhouseCoopers
PRIMECAP Management
Progyny
Promethium
The Promise Venture
Qualcomm
QuEra
Computing
RA Capital Management
Rabobank
Radicle Health
Raymond James Financial
Re:Build
Manufacturing*
REGENXBIO
Restaurant Brands International
Riskified
RTHM
Rubi Laboratories
Samsung
Sanofi Genzyme*
Scale AI
Scaled Cognition
Scrum Ventures
SEAKR Engineering
Series Financial
Sigma Computing
Silverpeak
Skydio
SMART Technologies
Social Finance
SoFi
Soluna
Sony
SOS Carbon
Sozo
Ventures
Square
Stack AI
State Street
Strategy&
Stripe
Supply Change Capital
SV Investment
Symbolic Capital
T. Rowe Price
Taiyo Pacific Partners
Takeda Pharmaceuticals
Teaching at the Right Level Africa
Teamshares
Tempus Labs
Tencent
Terramar
Tesla
Thrive Capital
Tishman Speyer
T
-Mobile
Tomorrow.io
Topgolf Callaway Brands
True Digital Group
Tulip Interfaces
Tyton Partners
Uber
United States Department of
Commerce
United States Department of
Energy
Unmudl
VamosVentures
Vannevar
Labs
Venture Guides
VerCap Management
Verizon
*
Verkada
Vertex Pharmaceuticals
Vestmark
Washington Nationals
Wayfair
Wellington Management
Company
WHOOP
The World Bank
Xepelin
Zillow Group
Zoox
1
Amazon includes Amazon Web Services.
2
EY-Parthenon includes EY Infrastructure Advisors and EY-Parthenon's Software Strategy Group.
3
Google includes Google X - Moonshot Factory.
MBA Class of 2023 Full-Time Employment Highlights
MBA Employment Report 2023-2024 | Page 4
Top Offer Source
47.1%
OF ACCEPTED OFFERS WERE RETURN
OFFERS FROM SUMMER INTERNSHIPS
Employment Reporting Rate
100%
The 2023-2024 Employment Report includes
outcomes for 100% of the Class of 2023.
Source of Accepted Offers
73.2%
OF ACCEPTED OFFERS WERE
SCHOOL-FACILITATED
Top Reason for Accepting Offer
38.6%
GROWTH POTENTIAL
Entrepreneurship
8.3%
STARTING A BUSINESS
1
94.9% of students accepting an offer provided usable salary data.
72.2% of students accepting an offer and providing usable salary data
reported receiving a signing bonus. 65.3% reported receiving other
compensation.
$168,095
$170,000
$150K
$190K
75
th
Percentile
Full-Time Salary Summary
1
Median Base Salary
Mean Base Salary
Other Compensation
Signing Bonus
Median Other Compensation $40,000
Mean Other Compensation $111,764
Median Signing Bonus $30,000
Mean Signing Bonus $38,989
25
th
Percentile
MBA Class of 2023 Full-Time Profile and Employment Data
Class Profile
1
Number of Candidates
450
Leaders for Global Operations Candidates 55
U.S. Citizens/Permanent Residents
57%
Underrepresented Minorities
2
23%
Non
-U.S. Citizens 43%
Women
44%
Median GMAT Score
730
Average Undergraduate GPA (out of 4.0)
3.59
Average Years Full
-Time Work Experience
Prior to MIT Sloan
5
Employment Profile
COUNT %
Total
446 100%
Seeking
336 75.3%
Not Seeking
110 24.7%
Sponsored and Returning
48 10.8%
Starting a Business
37 8.3%
Continuing Education
11 2.5%
Postponing a Job Search
10 2.2%
Other
4 0.9%
No Recent Information
0 0.0%
1
Class profile, as of matriculation, includes information for MBA students
and students in the joint MBA/Leaders for Global Operations program.
2
As a percentage of U.S. Citizens/Permanent Residents.
MBA Employment Report 2023-2024 | Page 5
2
Grouped by parent company. Includes only accepted offers
from seeking population; sponsored and returning are not
included.
3
Parentheses indicate number of hires.
Top Employers of the MBA Class of 2023
2
McKinsey & Company (26)
3
Bain & Company (25)
The Boston Consulting Group (23)
Amazon (20)
Verizon (9)
Deloitte Consulting (6)
Goldman Sachs (6)
NextEra Energy (6)
Re:Build Manufacturing (6)
Apple (4)
Analysis Group (3)
Caterpillar (3)
Evercore (3)
EY-Parthenon (3)
Morgan Stanley (3)
NVIDIA Corporation (3)
Samsung (3)
Verkada (3)
LGO Partner Companies
The Leaders for Global Operations (LGO) program
partners with top companies in industry to provide
hands-on learning and networking opportunities for
candidates in this dual-degree program, who earn
both an MBA and an MS in Engineering.
Amazon Nike
American Industrial Partners Nissan
Amgen
RTX (formerly Raytheon
AstraZeneca Technologies)
Blue Origin Re:Build
Manufacturing
Boeing ResMed
Caterpillar Rivian
Inditex Sanofi
Johnson & Johnson Stryker
LFM Capital Target
National Grid Verizon
NextEra Energy
MBA Class of 2023 Full-Time Base Salary by Industry
Median Base Salary for Top Industries
Industry
% MEDIAN MEAN
25
th
– 75
th
PERCENTILE
Auto/Aerospace
2.1% $146,500 $147,000 $137,500 - $157,000
Consulting
33.7% $190,000 $180,036 $175,000 - $192,000
Energy
2.7% $160,000 $151,667 $152,500 - $163,750
Finance
19.9% $175,000 $175,419 $160,000 - $183,750
Diversified Financial Services
3.0% $150,000 $148,375 $140,000 – $171,000
FinTech
0.7% -
3
- -
Investment Banking/Brokerage
6.2% $175,000 $180,000 $175,000 - $185,000
Investment Management
3.8% $165,000 $166,364 $157,500 - $172,500
Private Equity
2.4% $180,000 $175,000 $163,750 - $185,000
Venture Capital
3.8% $156,800 $197,560 $146,250 - $175,000
Healthcare/Pharma/Biotech
5.8% $147,500 $150,000 $136,250 - $160,000
Media/Entertainment/Sports
1.4% $140,000 $190,000 $130,000 - $225,000
Retail/CPG
2.7% $146,250 $146,688 $137,500 - $156,500
Technology
24.1% $157,100 $161,035 $150,000 - $169,775
Computers/Electronics
/Telecom
7.6% $155,000 $161,875 $153,750 - $166,250
Software/Internet
16.5% $165,000 $160,670 $142,850 - $169,775
Other Manufacturing Industries
1
4.5% $157,500 $151,292 $150,000 - $160,000
Other Service Industries
2
1.4% $147,500 $143,750 $141,250 - $150,000
Other
1.7% $125,000 $126,400 $110,000 - $140,000
Government
1.0% $125,000 $127,333 $117,500 - $136,000
Nonprofit
0.7% -
3
- -
1
Other Manufacturing includes Transportation, Equipment, Defense, and Construction.
2
Other Service Industries includes Real Estate and Airlines.
3
Dash indicates fewer than three people or less than 1% reported salary information.
MBA Employment Report 2023-2024 | Page 6
$190,000
CONSULTING
$175,000
FINANCE
$157,100
TECHNOLOGY
$147,500
HEALTHCARE/
PHARMA/BIOTECH
33.7%
19.9%
24.1%
5.8%
Top 3 Industries: 3-Year Summary | 2021-2023
15%
20%
25%
30%
35%
2021
2022
2023
28.3%
31.2%
33.7%
25.0%
22.6%
24.1%
21.4%
22.6%
19.9%
CONSULTING
TECHNOLOGY
FINANCE
MBA Class of 2023 Full-Time Base Salary by Function
Function
% MEDIAN MEAN
25
th
- 75
th
PERCENTILE
Business Analytics
1.4% $160,000 $155,705 $148,205 - $167,500
Business Development
7.2% $150,000 $157,079 $132,500 - $167,500
Consulting/Strategic Planning
37.3% $190,000 $178,146 $175,000 - $192,000
Finance
19.9% $170,000 $173,142 $156,050 - $175,000
Asset Management/Portfolio Management
4.1% $170,000 $181,000 $165,000 - $178,750
Investment Banking
5.5% $175,000 $178,125 $175,000 - $185,000
Private Equity
2.4% $155,000 $153,143 $148,500 - $167,500
Venture Capital
4.5% $160,000 $192,550 $148,750 - $172,500
Other Finance
1
3.4% $153,550 $148,020 $138,250 - $159,275
Leadership Development Program/
General Management
6.5% $152,500 $152,667 $148,500 - $160,000
Marketing
2
1.4% $134,400 $134,700 $124,500 - $144,600
Operations/Project Management
3
8.9% $145,000 $145,363 $138,750 - $155,000
Product Management/Development
16.4% $169,000 $166,940 $155,000 - $172,000
Human Resources
1.0% -
4
- -
1
Other Finance includes Treasury/Corporate Finance, Private Credit, Project Finance, and
unspecified Finance functions.
2
Marketing includes Brand/Product Management, Market Research, and Product Marketing.
3
Operations/Project Management includes Supply Chain.
4
Dash indicates fewer than three people or less than 1% reported salary information.
MBA Employment Report 2023-2024 | Page 7
$190,000
CONSULTING/
STRATEGIC PLANNING
$170,000
FINANCE
$169,000
PRODUCT MANAGEMENT/
DEVELOPMENT
$145,000
OPERATIONS/
PROJECT MANAGEMENT
Median Base Salary for Top Functions
37.3%
19.9%
16.4%
8.9%
MBA Class of 2023 Full-Time Base Salary by Geographic Location
Region
% MEDIAN MEAN
25
th
- 75
th
PERCENTILE
NORTH AMERICA
92.8% $173,500 $171,127 $152,700 - $190,000
United States
92.1% $175,000 $171,664 $155,000 - $190,000
MIDATLANTIC
6.9% $175,000 $176,205 $166,825 - $192,000
Washington DC Metro
5.5% $177,500 $177,631 $170,525 - $192,000
MIDWEST
4.1% $165,500 $169,833 $160,000 - $186,250
Chicago Metro
2.4% $175,000 $174,000 $165,500 - $191,000
NORTHEAST
44.7% $175,000 $173,769 $150,000 - $192,000
Boston Metro
21.6% $175,000 $168,588 $146,250 - $192,000
NYC Metro
21.3% $175,000 $179,899 $157,825 - $185,000
SOUTH
5.5% $160,000 $164,120 $152,500 - $172,500
Miami Metro
3.1% $160,000 $167,111 $160,000 - $175,000
Atlanta Metro
0.7% -
1
- -
SOUTHWEST
7.2% $165,000 $162,325 $140,000 - $186,250
WEST
23.7% $170,000 $171,343 $151,800 - $189,000
Los Angeles Metro
4.5% $175,000 $188,083 $166,250 - $190,500
SF Bay Area
12.4% $180,000 $172,271 $151,800 - $190,000
Seattle Metro
5.8% $167,000 $160,112 $143,000 - $169,100
Mexico
0.7% -
1
- -
ASIA
2.7% $141,000 $135,250 $120,000 - $150,000
AFRICA
0.3% -
1
- -
EUROPE
2.1% $122,500 $120,000 $105,000 - $128,750
LATIN AMERICA
1.4% $127,500 $130,000 $100,000 - $157,500
MIDDLE EAST
0.7% -
1
- -
1
Dash indicates fewer than three people or less than 1% reported salary information.
MBA Employment Report 2023-2024 | Page 8
$175,000
BOSTON METRO
$175,000
NEW YORK CITY METRO
$180,000
SAN FRANCISCO BAY AREA
$167,000
SEATTLE METRO
Median Base Salary for Top Destinations
21.6%
21.3%
12.4%
5.8%
$177,500
WASHINGTON, D.C. METRO
5.5%
MBA Class of 2023 Full-Time Signing Bonus and Other Compensation
Signing Bonus by Job Function
% RECEIVED MEDIAN MEAN
25
th
- 75
th
PERCENTILE
Business Analytics
75.0% $10,000 $16,667 $10,000 - $20,000
Business Development
52.6% $30,000 $40,000 $16,250 - $53,750
Consulting/Strategic Planning
84.9% $30,000 $33,367 $30,000 - $30,000
Finance
58.2% $50,000 $44,122 $33,750 - $58,700
Asset Management/
Portfolio Management
90.0% $50,000 $44,444 $40,000 - $50,000
Investment Banking
75.0% $57,250 $51,417 $49,375 - $60,000
Private Equity
28.6% -
2
- -
Venture Capital
16.7% -
2
- -
Other Finance
3
70.0% $40,000 $41,414 $32,500 - $53,850
Leadership Development
Program/General Management
72.2% $25,000 $26,154 $20,000 - $30,000
Marketing
100.0% $31,250 $31,700 $11,875 - $51,075
Operations/Project Management
70.8% $35,000 $36,782 $20,000 - $60,000
Product
Management/Development
68.9% $30,000 $59,377 $25,000 - $96,300
Human Resources
0.0% -
2
- -
2
Dash indicates fewer than three people or less than 1% reported salary information.
3
Other Finance includes Treasury/Corporate Finance, Private Credit, Project Finance, and unspecified Finance functions.
MBA Employment Report 2023-2024 | Page 9
1
72.2% of students accepting an offer and providing usable salary data reported receiving a signing bonus.
Other Compensation
%
REPORTING
MEDIAN MEAN
25
th
- 75
th
PERCENTILE
Total
65.3% $40,000
$111,764
$10,000
-
$102,700
Relocation/
Moving Expenses
43.0% $10,000 $10,770 $8,000 – $12,600
Stock and Equity
4
24.5% $105,000
$202,321
$48,000 - $280,000
Tuition
Reimbursement
7.9% $30,000 $54,159 $30,000 - $80,000
Other Expected
Compensation
5
22.7% $40,000 $62,637 $25,100 - $80,000
4
Stock and Equity is collected as a single, total estimated value in USD based on valuation
and/or share price at time of survey.
5
Other Expected Compensation is the total USD estimated value of other expected
compensation that falls outside the standard categories. This can include items like housing
subsidies, continuing education stipends and retention bonuses.
$38,989
$30,000
$30K
$40K
25
th
Percentile
75
th
Percentile
Signing Bonus Summary
1
In addition to salary and signing bonus, employers may offer additional
forms of compensation, including relocation and moving expenses, tuition
reimbursement, or stock and equity; and other expected compensation, like
performance bonuses and retention bonuses.
For the Class of 2023, 65.3% reported receiving additional forms of
compensation. Relocation/Moving Expenses (43.0%) and Stock and Equity
(24.5%) were the most common. Candidates should note that this
compensation varies by company and industry, and is impacted by changes
in the job market and economy.
What is Other Compensation?
Median Signing Bonus
Mean Signing Bonus
MBA Class of 2023 Offer Timing, Reason for Accepting Offer, and Source of Accepted Offer
%
School-Facilitated Activities
73.2%
Summer Internship — School Facilitated 42.6%
LGO 12.7%
Job Postings (MIT or Sloan) 6.0%
Interviews Scheduled through MIT Sloan 3.9%
Alumni 1.8%
MIT/Sloan Sponsored Events 1.8%
Faculty/CDO/Sloan Student Referral 1.3%
Resume Database, Resume Referrals 1.3%
Club Event 0.7%
Other School Facilitated 1.1%
Student-Facilitated Activities
26.8%
Personal Network 9.2%
Previous Employer 4.9%
Online Job Postings 4.6%
Summer Internship — Student Facilitated 4.6%
Contacted Directly by Employer 3.1%
Other Student Facilitated 0.4%
Top Reason Candidate Accepted Position
%
Growth Potential
38.6%
Job Function
17.5%
Industry
10.7%
Compensation
9.6%
People/Corporate Culture
7.9%
Commitment to Sustainability
4.3%
Location
3.2%
Prestige of Firm
3.2%
Commitment to Social Impact
2.5%
Other
2.5%
MBA Employment Report 2023-2024 | Page 10
1
Per MBACSEA Reporting Standards’ deadline of September 1,
2023. As of publication date, 93.5% have received offers.
73.2%
SCHOOL-FACILITATED
26.8%
STUDENT-FACILITATED
84.2%
RECEIVED
90.2%
1
RECEIVED
Timing of Offers
77.1%
ACCEPTED
86.9%
ACCEPTED
At Graduation
By 3 Months
After Graduation
Source of Accepted Offer
MBA Class of 2024 Internship Employment Data
Class Profile
1
Number of Candidates
408
U.S. Citizens/Permanent Residents
60%
Underrepresented Minorities
2
32%
Non
-U.S. Citizens 40%
Women
46%
Median GMAT Score
730
Average Undergraduate GPA (out of 4.0)
3.59
Average Years Full
-Time Work Experience
Prior to MIT Sloan
5
1
Class profile, as of matriculation, includes information for MBA students
and students in the joint MBA/Leaders for Global Operations program.
2
As a percentage of U.S. Citizens/Permanent Residents.
Employment Profile
COUNT % OF CLASS
Total
420 100%
Seeking
313 74.5%
Not Seeking
104 24.8%
LGO
3
49 11.7%
Starting a Business
31 7.4%
Sponsored and Returning
17 4.0%
Other
7 1.7%
No Recent Information
3 0.7%
3
First-year LGOs are assigned to internships with LGO partner companies.
MBA Employment Report 2023-2024 | Page 11
Additional compensation for internships varies. Class of
2024 interns shared additional compensation in the
areas of: relocation, bonuses, stipends, housing support,
and paid time off.
5
78.3% of students accepting an offer provided usable
internship data.
$9,811
$9,567
$6K
$13K
25
th
Percentile
75
th
Percentile
Internship Monthly Salary Summary
5
Median Monthly Base Salary
Mean Monthly Base Salary
Other Types of Compensation
4
Grouped by parent company. Includes only accepted offers
from the seeking population. ‘Sponsored and Returning’
and LGO internships are not included in this list.
The Boston Consulting Group (24)
Amazon (18)
McKinsey & Company (14)
Bain & Company (13)
Goldman Sachs (7)
EY-Parthenon (5)
Fidelity Investments (4)
Google (4)
Moderna (4)
PIMCO (4)
Adobe (3)
AlixPartners (3)
Bank of America (3)
Capital One (3)
CarGurus (3)
Deloitte Consulting (3)
NextEra Energy (3)
PricewaterhouseCoopers (3)
Top Employers of the MBA Class of 2024
4
MBA Class of 2024 Internship Monthly Base Salary by Industry
1
Other Finance includes Impact Investing.
2
Other Manufacturing Industries includes Transportation/Equipment/Defense and Carbon Capture.
3
Other Service Industries includes Real Estate, Environmental Services, and Economic Development.
4
Dash indicates fewer than three people or less than 1% reported salary information.
Industry
% MEDIAN MEAN
25
th
- 75
th
PERCENTILE
Auto/Aerospace
1.3% $5,600 $5,508 $5,300 - $5,762
Consulting
25.6% $15,000 $13,621 $12,317 - $15,833
Energy
4.6% $5,600 $6,694 $4,800 - $10,000
Finance
29.5% $10,000 $10,199 $5,775 - $14,319
Diversified Financial Services
5.2% $12,000 $11,895 $6,930 - $14,288
FinTech
1.3% $8,500 $8,872 $6,750 - $10,808
Investment Banking/Brokerage
5.8% $14,500 $12,215 $9,750 - $14,583
Investment Management
4.6% $12,308 $12,593 $11,000 - $15,000
Private Equity
3.9% $12,000 $9,820 $5,500 - $13,250
Venture Capital
8.4% $5,000 $6,838 $4,800 - $9,500
Other Finance
1
0.3% -
4
- -
Healthcare/Pharma/Biotech
5.8% $8,800 $8,513 $7,280 - $9,400
Media/Entertainment/Sports
2.9% $2,450 $4,199 $2,172 - $7,200
Retail/CPG
4.6% $8,000 $7,591 $6,193 - $8,800
Technology
20.1% $8,800 $8,648 $8,000 - $10,115
Computers/Electronics/Telecom
3.6% $9,440 $9,148 $8,800 - $10,560
Software/Internet
16.6% $8,720 $8,535 $7,750 - $10,115
Other Manufacturing Industries
2
1.3% $6,000 $6,133 $5,600 - $6,600
Other Service Industries
3
1.0% -
4
- -
Other
3.3% $4,100 $4,267 $3,050 - $5,450
Education
0.3% -
4
- -
Government
2.0% $3,200 $3,933 $3,100 - $4,400
Nonprofit
1.0% -
4
- -
MBA Employment Report 2023-2024 | Page 12
Median Monthly Salary for Top Industries
$10,000
FINANCE
$8,800
TECHNOLOGY
$15,000
CONSULTING
$8,800
HEALTHCARE/
PHARMA/BIOTECH
29.5%
20.1%
25.6%
5.8%
Top 3 Industries: 3-Year Summary | 2021-2023
15%
20%
25%
30%
35%
2021
2022
2023
26.2%
29.2%
29.5%
25.6%
26.5%
25.6%
21.0%
22.2%
20.1%
CONSULTING
TECHNOLOGY
FINANCE
MBA Class of 2024 Internship Monthly Base Salary by Function
1
Other Finance includes Impact Investing, Financial Market Research, and other unspecified Finance roles.
2
Marketing includes Brand/Product Management, Market Research, and Product Marketing.
3
Operations/Project Management includes Supply Chain.
4
Other Functions includes Policy and Economic Development.
5
Dash indicates fewer than three people or less than 1% reported salary information.
Function
% MEDIAN MEAN
25
th
- 75
th
PERCENTILE
Business Analytics
2.0% $5,600 $6,893 $2,400 - $8,800
Business Development
9.5% $5,390 $5,949 $3,000 - $8,000
Consulting/Strategic Planning
36.7% $12,675 $11,506 $8,495 - $15,750
Finance
26.9% $10,000 $9,778 $5,454 - $14,400
Asset Management/Portfolio
Management
4.3% $13,354 $11,688 $9,625 - $15,000
Corporate Finance/Treasury
2.0% $9,533 $9,578 $8,367 - $10,767
Investment Banking
6.1% $14,580 $13,844 $14,250 - $14,792
Private Equity
4.3% $11,000 $9,418 $5,000 - $13,125
Venture Capital
8.2% $5,927 $7,200 $5,000 - $9,688
Other Finance
1
2.0% $7,200 $8,580 $6,700 - $11,500
Leadership Development Program/
General Management
2.6% $12,700 $12,450 $8,225 - $16,925
Marketing
2
3.0% $8,250 $7,940 $7,279 - $8,875
Operations/Project Management
3
4.3% $7,280 $7,392 $5,306 - $9,080
Product Management/Development
14.8% $9,000 $9,622 $8,115 - $10,115
Other Functions
4
0.2% -
5
-
-
MBA Employment Report 2023-2024 | Page 13
$12,675
CONSULTING/
STRATEGIC PLANNING
$10,000
FINANCE
$9,000
PRODUCT MANAGEMENT/
DEVELOPMENT
$5,390
BUSINESS DEVELOPMENT
Median Monthly Salary for Top Functions
36.7%
26.9%
14.8%
9.5%
$7,280
OPERATIONS/PROJECT
MANAGEMENT
4.3%
MBA Class of 2024 Internship Monthly Base Salary by Geographic Location
Region
% MEDIAN MEAN 25
th
- 75
th
PERCENTILE
NORTH AMERICA
90.4% $10,000 $10,195 $7,000 - $14,400
United States
88.4% $10,000 $10,209 $7,000 - $14,400
MIDATLANTIC
5.3% $9,200 $10,521 $5,700 - $14,088
Washington DC Metro
4.0% $9,300 $11,177 $5,700 - $14,613
MIDWEST
2.3% $12,709 $12,025 $8,500 - $15,729
Chicago Metro
1.0% -
1
- -
NORTHEAST
46.4% $10,000 $10,047 $7,000 - $14,076
Boston Metro
30.1% $9,000 $9,547 $6,400 - $13,460
NYC Metro
14.9% $13,000 $11,414 $8,175 - $14,587
SOUTH
5.0% $12,500 $14,085 $11,833 - $15,600
Atlanta Metro
1.0% $16,000 $20,400 $15,600 - $23,000
Miami Metro
2.3% $12,055 $10,912 $10,800 - $12,403
SOUTHWEST
4.6% $14,000 $11,748 $8,500 - $15,165
WEST
24.8% $9,100 $9,250 $6,000 - $10,880
Los Angeles Metro
5.0% $9,550 $10,318 $5,564 - $15,000
SF Bay Area
12.9% $8,640 $8,629 $5,942 - $9,813
Seattle Metro
5.3% $10,115 $10,653 $10,115 - $11,250
Canada
0.7% -
1
- -
Mexico
1.3% $6,850 $8,425 $6,125 - $9,150
AFRICA
0.3% -
1
- -
ASIA
3.3% $6,800 $6,067 $2,750 - $8,500
EUROPE
3.0% $5,348 $5,461 $4,000 - $5,700
LATIN AMERICA
1.0% -
1
- -
MIDDLE EAST
1.3% -
1
- -
OCEANIA
0.7% -
1
- -
1
Dash indicates fewer than three people or less than 1% reported salary information.
MBA Employment Report 2023-2024 | Page 14
$9,000/
mo
BOSTON METRO
$13,000/
mo
NEW YORK CITY METRO
$8,640/
mo
SAN FRANCISCO BAY AREA
$10,115/
mo
SEATTLE METRO
30.1%
14.9%
12.9%
5.3%
$9,550/
mo
LOS ANGELES METRO
5.0%
Median Monthly Salary for Top Destinations
MBA Class of 2024 Reason for Accepting Offer and Source of Accepted Offer
%
School-Facilitated Activities
67.8%
Job Postings (MIT or Sloan)
31.8%
Interviews Scheduled through MIT Sloan
11.6%
MIT/Sloan Sponsored Events
7.4%
Faculty/CDO/Sloan Student Referral
6.0%
Club Event
4.6%
Alumni
2.5%
Action Learning Labs
1.1%
Resume Database, Resume Referrals
0.3%
Other School Facilitated
2.5%
Student-Facilitated Activities
32.2%
Personal Network
11.0%
Online Job Postings
10.6%
Contacted Directly by Employer
9.2%
Previous Employer
1.1%
Other Student Facilitated
0.3%
Top Reason Candidate Accepted Position
Industry
26.3%
Job Function
24.6%
Growth Potential
19.5%
Prestige of Firm
6.0%
People/Corporate Culture
5.6%
Location
5.2%
Commitment to Sustainability
4.0%
Commitment to Social Impact
3.6%
Compensation
3.2%
Other
2.0%
MBA Employment Report 2023-2024 | Page 15
Source of Accepted Offer
67.8%
SCHOOL-FACILITATED
32.2%
STUDENT-FACILITATED
NONDISCRIMINATION POLICY: COMMITMENT TO EQUAL OPPORTUNITY
The Massachusetts Institute of Technology is committed to the principle of equal opportunity in education and employment. The Institute prohibits discrimination
against individuals on the basis of race, color, sex, sexual orientation, gender identity, pregnancy, religion, disability, age, genetic information, veteran status, or
national or ethnic origin in the administration of its educational policies, admissions policies, employment policies, scholarship and loan programs, and other Institute
administered programs and activities; the Institute may, however, favor US citizens or residents in admissions and financial aid.*
The Vice President for Human Resources is designated as the Institute's Equal Opportunity Officer. Inquiries concerning the Institute's policies, compliance with
applicable laws, statutes, and regulations, and complaints may be directed to Ramona Allen, Vice President for Human Resources, Building NE49-5000, 617-324-5675.
In addition, inquiries about Title IX (which prohibits discrimination on the basis of sex) may be directed to the Institute's Title IX Coordinator, Sarah Rankin, Room W31-
223, 617-324-7526, [email protected]. Information about the grievance procedures and process for discrimination and discriminatory harassment, including how to report
or file a complaint of sex discrimination, how to report or file a formal complaint of sexual harassment, and how MIT will respond is available at idhr.mit.edu. Inquiries
about the laws and about compliance may also be directed to the United States Department of Education, Office for Civil Rights, Region I, 5 Post Office Square, 8th
Floor, Boston, MA 02109-3921, 617-289-0111, [email protected].
*The ROTC programs at MIT are operated under Department of Defense (DoD) policies and regulations, and do not comply fully with MIT's policy of nondiscrimination
with regard to gender identity. MIT continues to advocate for a change in DoD policies and regulations concerning gender identity, and is committed to providing
alternative financial assistance under a needs-based assessment to any MIT student who loses ROTC financial aid because of these DoD policies and regulations.
MIT Sloan MBA Employment Report | 2023-2024
ACCURACY IN REPORTING EMPLOYMENT STATISTICS
The MIT Sloan School of Management adheres to the MBA Career Services & Employer Alliance (MBA CSEA) Standards for
Reporting MBA Employment Statistics (mbacsea.org). Conformance to this business school industry standard ensures accurate
and comparable employment data. Currently, the majority of the leading MBA programs adhere to these accepted reporting
standards. MIT Sloan takes a leadership role to promote the importance of accurate and comparable employment and salary
statistics to prospective students and employers.
