Harvard Business School Employment Report: MBA Class of 2022 Excels
The Harvard Business School employment report shows a successful MBA Class of 2022 that secured a high median base salary of $175,000. Of the 732 students who matriculated for the class, 71 percent were seeking employment post-MBA. Of those, 95 percent secured offers and 90 percent accepted offers. Twenty-nine percent of the MBA Class of 2022 did not seek employment. Thirteen percent started their own business and 12 percent were company sponsored or already employed.
Positions in the financial services industry, including investment banking, investment management, venture capital and private equity, were still the first choice for HBS MBAs with 34 percent choosing them. Fifteen percent had entered private equity and seven percent went into venture capital. Eight percent pursued roles in investment management / hedge funds and three percent in investment banking. Consulting was next with 26 percent, followed by technology jobs at 19 percent, which is the same as last year’s class. The health care and manufacturing industries rounded out the top five with five percent each.
Ninety-one percent of HBS MBA graduates stayed in the U.S. to work. The Northeast and the West were the biggest draws for the graduating class, with 71 percent finding work in just those two regions. Forty-seven percent remained in the Northeast. Twenty-four percent of students moved to the West, up two percent from last year. The South saw six percent of the class while five percent each headed to the Midwest or Southwest. The Mid-Atlantic rounds out U.S. placement at four percent. Nine percent headed abroad for work. Europe had the biggest draw, claiming three percent of graduates, followed by Asia at two percent.
Those who entered consulting as well as most of financial services industries reported a median base salary of $175,000. The highest reported median base salary came from venture capital, which landed at $177,500. Compared to last year, the median base salary for the MBA Class of 2021 was $150,500 overall and 51 percent reported receiving a signing bonus, with a median bonus amount of $30,000. This year, 63 percent of the class claimed a signing bonus at a median of $30,000.