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        What Salary Can You Get After The Harvard MBA?

        The MBA program at Harvard is one of the most prestigious in the world—but what does a Harvard MBA salary actually look like? We take a deep dive into Harvard employment data to find out

        At nearly $150,000 for two years of tuition, the Harvard MBA is not cheap—but is it a worthwhile investment? 

        According to the Harvard Business School's most recent MBA employment statistics, 96% of 2021 Harvard MBA grads received a job offer within three months of graduating. 

        Not only that: the median Harvard MBA salary in 2021 was $150,000, meaning most recent graduates are likely to pay back their tuition within a year. 

        Once you include signing and performance bonuses—over half of the class of 2021 received $30k and $37k on average for each—the Harvard MBA begins to look like a very lucrative choice for ambitious professionals. 

        Here’s what you could earn by studying on the Harvard MBA program, broken down by industry, function, and location.


        Average Harvard MBA salary by industry


        Consulting

        Almost half of prospective MBA students target careers in consulting according to a recent Graduate Management Admission Council (GMAC) survey, and 17% of the current Harvard MBA class were in consulting before enrolling. 

        It’s no surprise, then, that consulting is the most popular industry for grads from the top M7 business school. Around a quarter of Harvard’s MBA class graduated into consultancy roles in 2021, earning a median base salary of $165k. 

        Signing and performance bonuses are also more common in consulting than other fields. Among the Harvard grads who went into the sector, 81% received a signing bonus and 75% a performance bonus, both of which were around $30k on average. 


        Tech

        The next most-common career path for Harvard grads was technology, with almost a fifth of MBAs entering the sector.

        The median base salary for Harvard MBAs in tech was $150k, with signing and performance bonuses of $33k and $26k respectively.


        Finance

        Finance was the third most-popular career route for Harvard MBAs in 2021, and it was perhaps the most lucrative across the board.

        Across private equity, investment and hedge fund management, and venture capital, median base salaries were at least $160k, while private equity salaries were around $150k. 

        But while salaries were slightly lower than in consulting the median performance bonus for a Harvard MBA grad in private equity was a whopping $175k, the highest across all sectors.


        READ: BCG, McKinsey & 25 Top Consulting Firms With The Highest Salaries

        ©ictor via iStock


         Average Harvard MBA salary by function


        Finance

        Henry Paulson, former US secretary of the Treasury and CEO of Goldman Sachs, is one of Harvard Business School’s most famous alumni. With such financial pedigree among the school’s alumni, it’s no surprise that many Harvard MBAs land finance jobs after graduation. 

        In fact, a third of 2021 grads took up finance roles across several industries, with 17% going into venture capital and private equity. Finance salaries held steady with an overall average of $150k, though the median signing and performance bonuses dipped below, at $26k and $21k respectively.


        General Management

        Harvard is the home of the MBA program, which is famously a generalist degree that prepares graduates to thrive in a variety of business contexts and general management roles.

        In 2021, the school helped 11% of the cohort find roles in general management, earning a median base salary of $140k. Grads were awarded a median signing bonus of $20k, along with the promise of a median $20k performance bonus.


        Marketing

        Marketing roles made up for 11% of Harvard’s class of 2021 graduate destinations, with 7% going into product management.

        The median Harvard MBA salary for those in marketing roles was $140k—slightly higher for product managers at $144k—with median signing packages of $25k and performance bonuses of $20k.


        Go to Page 2 to find out the average Harvard MBA salary by location


        Average Harvard MBA salary by location


        Overview

        Like many US MBA programs, the Harvard MBA is dominated by domestic students. In the current class, 63% of students are from the USA, with 41% of those being US minorities.

        In addition to this already domestic-focused cohort, US salaries are a strong incentive for international students. Median base salaries in 2021 were $150k – significantly higher than the median base salaries of students who went abroad who earned a still impressive median base salary of $128k.

        Strong salary potential likely contributes to the high number of students who settle in the US post-graduation: 87% of the 2021 cohort took up roles in the United States. 


        USA

        Within the US, just under half of grads settled in the Northeast. Here, salaries were above the cohort’s average, at $160k, with signing and performance bonuses of $30k and $41k.

        Among those who settled in the Northeast: 31% of students moved to New York, where median performance bonuses climbed as high as $81k, and 11% remained in Boston, with slightly lower median base salaries of $159k.

        Just over a fifth of grads settled in the west, and 13% in the Bay Area where salaries were higher, with a median base of $165k. The highest salaries among US-based Harvard MBA grads were found in the South and Southwest, where salaries averaged out at $165k a year. Perhaps surprisingly, only a combined 8% of students settled in those areas. 


        Europe

        The second most popular destination; 6% of Harvard MBA grads flocked to Europe, with most choosing the UK. 

        Salaries in the UK came in at a median base of $135k, substantially lower than the US. But there were enormous performance bonuses to be found in the UK, reaching as high as $105k—enough to put you within the 98th percentile of earners in Britain.


        Asia

        Outside of Europe, 4% of graduates settled in Asia, with landing roles in India. Salaries across Asia were lower than their counterparts in the US or Europe, though still comfortably in the six figures: $123k in the continent at large and $111k in India.


        Average Harvard MBA Salary by...