Nearly 92 percent of the Yale School of Management’s (SOM) MBA Class of 2023 secured job offers within three months of graduation, according to the latest employment report. Of the 336 graduates, 294 sought employment; 269 were successful in receiving job offers while 261 accepted them. Of those not seeking employment, 16 were company sponsored and 10 started their own businesses. Another six graduates continued their education.
The median salary for the class jumped nearly $15k compared to last year, coming in at $175,000. This was complemented by a median signing bonus of $30,000.
Industry & Regional Placement
Breaking down the employment landscape by industry, a significant 44.1 percent of Yale SOM graduates entered consulting. Their median base salary landed at $190,000. The finance sector attracted 22.2 percent of the class, with salaries ranging from $140,000 to $175,000. Technology took in 10 percent of graduates with a median base salary of $166,500. Retail (e-commerce) companies recruited 6.5 percent of the class with a median salary of $157,100, and healthcare/pharmaceuticals rounded out the top five industries, with 3.1 percent of grads securing a median $135,000 base salary.
Roughly 91 percent of full-time hires in the Yale SOM MBA Class of 2023 landed in the United States. Nearly nine percent headed abroad, with Asia being the most popular international destination at 3.51 percent. Another two percent settled in Europe.
Just over 55 percent of the class stayed in the Northeast U.S., reporting a median salary of $175,000. The West became home for 15.2 percent of the Yale SOM MBA Class of 2023. Their median annual earnings were reported at $166,500. The Mid-Atlantic region hosts 9.7 percent of graduates, earning a median annual salary of $187,500. Although the Southwest, Midwest, and South regions of the country had the fewest graduates move to these locations to begin their careers, they were also where the highest median annual salaries were reported at $190,000, $192,000, and $190,000, respectively.