The University of Chicago Booth School of Business released the MBA Class of 2024 employment report and the graduating class of leaders and innovators are finding success in the global business community. Of the 641 graduates, 521 (81.3 percent) were seeking employment. The report shows that by three months post-graduation, 86.8 percent of the class seeking employment reported receiving full-time job offers, while 84.1 percent accepted offers. The median salary reported for the class is a robust $175,000, and the median sign-on bonus is $31,000.
Of those not seeking employment, 10.3 percent were sponsored students, and 3.9 percent — 25 individuals — are starting their own businesses or pursuing entrepreneurship. Booth’s Career Services and professional networks did the heavy lifting in getting MBAs matched to employers, with school-facilitated channels responsible for 73.3 percent of hires, and 52.7 percent through a Booth-facilitated summer employer.
Industry Placement
The top two industries for the MBA Class of 2024 are consulting and financial services, each accounting for about a third of the class with 33.8 percent and 32.9 percent, respectively. The median salary for consulting jobs came in at $190,000 and $175,000 for financial services. This is reflected in most of the top five employers, which were Boston Consulting Group (48 hires), McKinsey & Company (33 hires), Bain & Company (20 hires), Amazon.com (16 hires), and Goldman Sachs Group (9 hires).
Nearly 15 percent of Booth graduates began their post-MBA careers in the tech field. Healthcare jobs accounted for 4.1 percent. Jobs in law rounded out the top five at 2.7 percent with a median salary of $225,000.
| Consulting | 33.8% | $190,000 |
| Financial Services | 32.9% | $175,000 |
| Technology | 14.8% | $152,000 |
| Healthcare | 4.1% | $145,000 |
| Law | 2.7% | $225,000 |
Geographic Career Destinations
This year, 5.9 percent of the graduating class went overseas, with three percent landing in Asia, just a slight decrease from last year’s international career seekers. In the U.S., New York and Chicago maintained their status as the top destinations for Booth MBAs. Nearly 30 percent (exactly 29.9) of the class ended up in the Northeast and the Midwest, primarily in those two major cities. The West region saw 20.8 percent find jobs there, with 5.9 percent moving to the Southwest, 4.3 percent to the South, and 3.2 percent to the Mid-Atlantic region.
| Northeast | 29.9% |
| Midwest | 29.9% |
| West | 20.8% |
| Southwest | 5.9% |
| South | 4.3% |
| Mid-Atlantic | 3.2% |
