The MIT Sloan School of Management has released the MBA Class of 2024 employment report. Sloan MBAs are looking toward their futures, with 39.7 percent citing growth potential as their top reason for accepting a position. Of the 418 MIT Sloan MBA graduates, 289 (69.1 percent) sought post-MBA employment. Nearly 13 percent were sponsored and rejoined their pre-MBA companies while 10 percent started their own businesses. Just under four percent continued their education while three percent postponed the job search. Within three months of graduation, 85.1 percent of graduates seeking employment had received job offers and that number has since climbed to 88.9 percent. Roughly 77 percent accepted job offers within three months of graduation. Nearly 65 percent of offers were facilitated by the school. The median salary this year landed at $169,550, with the average base salary coming in at $169,370.
Industry and Location Placement
For those who pursued work after graduation, industry choices shuffled slightly. Consulting, again topping industry choice, recruited 32.1 percent of the class and also held the highest median salary again, reported at $190,000. BCG hired the most Sloan graduates, taking in 21. McKinsey & Co. followed at 17 students while Bain & Co. recruited 10 (sponsored & returning hires not included). Just over 25 percent joined financial services while 19 percent pursued roles in technology–flipping the trend of tech taking second and finance finishing as third choice. Nearly seven percent headed into the healthcare/pharma/biotech sector while auto/aerospace careers cracked the top five at 4.5 percent.
| Consulting | 32.1% | $179,172 |
| Financial Services | 25.3% | $176,677 |
| Technology | 19% | $157,423 |
| Healthcare/Pharma/Biotech | 6.8% | $158,300 |
| Auto/Aerospace | 4.5% | $162,222 |
Nearly 95 percent of the class remained in the U.S. to begin their post-MBA careers. Nearly 48 percent chose to stay in the Northeast, with 29 percent settling in the Boston metro area and 16.3 percent in the NYC metro area. The Western U.S. took in 19 percent of MIT Sloan MBAs. The South took in 10 percent and 8.6 percent of the class went to work in the Mid-Atlantic. The Southwest states attracted 5.4 percent of the class followed by the Midwest at 2.7 percent. Roughly five percent of MIT Sloan grads headed abroad for work, with 1.4 percent heading to Europe and 1.7 percent heading to Asia.
| Northeast | 47.5% | $171,710 |
| West | 19% | $161,668 |
| South | 10% | $167,225 |
| Mid-Atlantic | 8.6% | $168,333 |
| Southwest | 5.4% | $184,417 |
| Midwest | 2.7% | $152,083 |
“Career outcomes are a collective achievement, reflecting candidates’ individual aspirations and community support. MIT Sloan’s esteemed faculty, worldclass curriculum, and innovative learning labs and centers create a strong foundation for professional success, combining real-world experiences with leadership development. The MIT Sloan network is a transformative force, bringing expertise and connections in every major industry as well as emerging industries. We are grateful for the many ways our network of employers, alumni, faculty, and colleagues engaged and empowered the newest class of MIT Sloan graduates to join organizations where they can drive growth and make a positive impact on the world,” says Susan Brennan, Assistant Dean, MIT Sloan Career Development Office, in the introduction to the school’s report.
