Harvard Business School (HBS) has released the employment report for the MBA Class of 2024. They maintained the high median base salary of $175,000, continuing the record of the past two classes. This year, 65 percent of the class claimed a signing bonus at a median of $30,000. Of the 1,015 students who matriculated for the class, 70 percent were seeking post-MBA employment. Thirty percent of the MBA Class of 2024 did not seek employment. Of the latter, 14 percent started their own business and 13 percent were company sponsored or already employed.
Industry Choice
Positions in the financial services industry, including investment banking, investment management/hedge funds, venture capital, private equity and others, were still the first choice for HBS MBAs seeking employment with 39 percent choosing them. Nineteen percent had entered private equity and five percent went into venture capital. Six percent pursued roles in investment management / hedge funds and five percent in investment banking. Consulting was next with 18 percent, followed by technology jobs at 16 percent. Health care hired six percent of HBS graduates while manufacturing and non-profit/government fields each saw five percent.
| Financial Services | 39% |
| Consulting | 18% |
| Technology | 16% |
| Health Care | 6% |
| Manufacturing | 5% |
| Non-Profit/Government | 5% |
Regional Placement
Eighty-eight percent of HBS MBA graduates stayed in the U.S. to work. The Northeast and the West were the biggest draws for the graduating class, with 66 percent finding work in just those two regions. Forty-nine percent remained in the Northeast while 17 percent moved to the U.S. West. Six percent each settled in the Midwest or Southwest. The South and Mid-Atlantic each saw five percent of the HBS Class of 2024. Twelve percent headed abroad for work with five percent each heading to Asia and Europe.
| Northeast | 49% |
| West | 17% |
| Southwest | 6% |
| Southwest | 6% |
| South | 5% |
| Mid-Atlantic | 5% |
