Published: November 1, 2016
“Show Me the Money!” Say 2016 HBS Grads
What’s an MBA worth these days? Well, for the latest graduates out of Harvard Business School (HBS), total median pay topped out at $158,080—besting all other business schools yet to report employment data for the Class of 2016 and reflecting a 4.5 percent uptick over the $151,211 figure claimed by HBS’s own 2015 grads. These record-setting figures can be found in HBS’s 2016 employment report, released today.
To arrive at that median pay figure involves starting out with the median base salary reported for the entire class—$135,000—and adjusting for the bonuses reported by a percentage of the class. This year, 68 percent of the class also got a median signing bonus of $25,000, and 19 percent of the class got median “other guaranteed compensation” of $32,000. Signing bonuses stayed constant this year over last, but median base pay increased from $130,000 for the Class of 2015 and median other compensation rose from $26,000, resulting in the upward climb of overall median pay packages.
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