The NYU Stern School of Business MBA Class of 2024 has entered the workforce with energy and determination, winning graduates lucrative jobs with elite organizations in evolving industries. Their 2024 MBA employment report demonstrates how NYU Stern instills resiliency, skills, and high EQ in preparation for successful careers.
Of the 324 graduates, 273 reported seeking employment. At graduation, just over 80 percent of the class had received job offers. By three months past graduation, 86.1 percent had received offers and 84.6 percent had accepted an offer. The average base salary for the class is $166,148, while median compensation matches last year’s historic high of $175,000. Eighty-four and a half percent of hires were school-facilitated, either through internship programs, on-campus interviews, Stern job postings, or the Stern network.
Brian Ruggiero, Associate Dean, Careers, addressed recruiting partners and alumni in the report, saying, “In a challenging environment, I’m especially proud of the hard work and dedication our students invested in their long-term career development, working hand in hand with our Careers team who supported their career journey every step of the way.”
Top Industries and Salary Performance
The top industry for Stern MBAs is again consulting, recruiting 37 percent of graduates, exceeding Stern’s five-year average hiring rate for the industry. The reported average salary for the industry was $177,561. Financial services industry jobs drew 35.7 percent of MBA grads, with investment banking accepted offers up 4.1 percent over last year to reach 27.4 percent, the highest in five years. The average reported salary for finance jobs was $164,382.
Tech industry and telecommunication jobs were accepted by 9.1 percent of the class, with average salaries of $146,761; Consumer Packaged Goods jobs were taken by 5.7 percent of the class who reported average salaries of $124,500, and 3.9 percent of MBA grads started careers in the entertainment, media, or sports industries, where the average starting salary was $139,250.
| Consulting | 37% | $177.561 |
| Financial Services | 35.7% | $164,382 |
| Technology/Telecommunications | 9.1% | $146,761 |
| Consumer Packaged Goods | 5.7% | $124,500 |
| Entertainment/media/sports | 3.9% | $139,250 |
“Business cycles vary by nature, which is a key reason why we always build resilience in our students throughout their MBA experience so they can thrive in changing environments. This past year saw fluctuations, especially in consulting and tech, which has had impacts across the board, including among business schools. For example, the consulting industry as a whole corrected for their above average hiring in 2023, reverting back to their more historical norms. That said, Stern MBAs outperformed our five-year average, indicating that firms continue to value Stern MBAs for their skills and high EQ in all kinds of markets,” said Ruggiero.
Graduate Destinations by Region
Although 44 percent of the MBA class had international citizenship, 95.6 percent stayed in North America for work. In the United States, the Northeast region was the magnet career destination for Stern MBAs, with 83.3 percent planting roots to begin their careers there and reporting a robust average starting salary of $167,667. In the West, starting salaries averaged $156,000, and 4.4 percent of the class accepted jobs there.
| Northeast | 83.3% | $167,667 |
| West | 4.4% | $156,000 |
| Mid-Atlantic | 2.2% | $163,500 |
| South | 2.2% | $150,000 |
| Southwest | 2.2% | $140,000 |
| Midwest | 1.3% | — |
In the Mid-Atlantic region, 2.2 percent accepted offers with an average salary of $163,500, while the South and Southwest regions each also recruited 2.2 percent of graduates, with average starting salaries of $150,000 and $140,000, respectively. The Midwest attracted only 1.3 percent of the Stern MBA class, and thus didn’t have enough data for accurate salary reporting.
