While the Stanford GSB MBA Class of 2022 began their MBAs at the early stage of a pandemic, they graduated into a strong job market. According to their employment report, 93 percent of students seeking employment received job offers within three months of graduation. Eighty-four percent of GSB graduates seeking employment accepted positions within three months of graduation.
Of the 462 graduates of the Class of 2022, 309 were seeking employment; that is, 67 percent of the graduating class. Nineteen percent of the Stanford GSB MBA Class of 2022 are now dedicating their time to the launch of their new ventures. In regards to sectors, 47 percent started businesses in technology followed by 13 percent in healthcare. Seven percent launched ventures in energy and six percent each in finance or consumer products. It’s worth noting that a record number of women pursued entrepreneurship–46% of GSB graduates starting a company or joining a startup were women. Finally, seven percent of the Class of 2022 were company-sponsored or already employed, and another three percent continued their education instead of seeking employment.
Salaries & Industry Choices
For the eighth consecutive year, Stanford GSB MBA graduates have seen an increase in mean and median starting salaries. The average starting salary for the Class of 2022 landed at $182,272 and the median at $175,000.
Like last year’s class, a third of the MBA Class of 2022 joined the finance industry. Fourteen percent pursued private equity and 12 percent venture capital. Five percent went into investment management. Finance roles landed the highest mean and median salaries at $211,944 and $200,000, respectively.
Thirty percent of graduates entered the technology field, followed by 15 percent in consulting. Five percent each chose to work in healthcare or media/entertainment, rounding out the top five industries.
Ninety-six percent of those who sought employment found it in the U.S. Fifty-eight percent settled in the West followed by 26 percent in the Northeast. The Midwest, Southwest and Mid-Atlantic regions took in three percent of graduates each. The South attracted two percent of the class. Three percent headed to Europe and one percent each to Asia or Latin America/Caribbean for their post-MBA employment.
“These students and graduates faced great challenges starting their MBA journeys in the midst of a global pandemic,” says Paul Oyer, Senior Associate Dean for Academic Affairs, in the press release. “Now, they are pursuing careers that line up with their personal and professional passions, and their diversity of outcomes reflects their diversity of interests and experiences. They are well prepared to make a substantial impact in their organizations and the world.”