MIT Sloan Employment Report: MBA Class of 2022 Secures Strong Employment Outcomes
Sloan MBAs are looking toward their futures, with 42.3 percent citing growth potential as their top reason for accepting a position. Within three months of graduation, 96.6 percent of graduates had received job offers. The median salary this year improved 10 percent from the Class of 2021 to $165,000, and the median signing bonus held steady at $30,000.
Where MIT Sloan 2022 Graduates are Landing: By Industry and Location
Of the 484 graduates, 75.2 percent sought employment. Thirteen percent had sponsorship arrangements and returned to their pre-MBA employers. Roughly 10 percent started their own businesses and less than one percent were continuing education or postponing their job search.
For those who pursued work after graduation, industry choices were consistent with prior classes. Consulting, again topping industry choice, recruited 31.2 percent of the class and also held the highest median salary, reported at $175,000. BCG hired the most Sloan graduates, taking in 47. McKinsey & Co. followed at 21 students. The same percentage, roughly 23 percent, went to work in the tech or financial services industry. Nearly seven percent headed into the pharmaceuticals and biotechnology sector while roughly four percent chose consumer products/retail.
Nearly 95 percent of the class remained in the U.S. to begin their post-MBA careers. Nearly 54 percent chose to stay in the Northeast, with roughly 25 percent settling in the Boston metro area and 26.4 percent in the NYC metro area. The Western U.S. took in 19 percent of MIT Sloan MBAs, a nine percent dip compared to last year’s class. The Mid-Atlantic states attracted 6.8 percent of the class followed by the Southwest at 5.9 percent. The South took in 5.3 percent and just 3.3 percent of the class went to work in the Midwest. Three percent of MIT Sloan grads headed to Europe and roughly one percent to Asia for work.
“The strength of these employment outcomes reflect the dedication of our faculty, students, alumni, employers, and colleagues – our many partners across the MIT Sloan community who create a uniquely Sloan experience through world-class curriculum, learning labs, centers and initiatives, mentor programs, and professional development and networking activities. These experiences create leaders who are prepared and energized to transform the future of business,” says Susan Brennan, Assistant Dean, MIT Sloan Career Development Office, in the introduction to the school’s report.