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MIT Sloan Employment Report: MBA Class of 2023 Finds Success Amid Disruption

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The MBA Class of 2023 of the MIT Sloan School of Management found job opportunities and saw an upward trend in salaries amid a disrupted economic climate, according to the MBA employment report

Sloan MBAs are looking toward their futures, with 38.6 percent citing growth potential as their top reason for accepting a position. Every member of the Class of 2023 reported their employment outcomes. Of the 446 MIT Sloan MBA graduates, 336 (75.3 percent) sought post-MBA employment. Nearly 11 percent were sponsored and rejoined their pre-MBA companies while just over eight percent started their own businesses. Under three percent either continued their education or postponed the job search. Within three months of graduation, 90.2 percent of graduates seeking employment had received job offers and that number has since climbed to 93.5 percent. Nearly 87 percent accepted job offers within three months of graduation. The median salary this year improved three percent from the Class of 2022 to $170,000, with the average base salary increasing 5.5 percent to $168,095.

Industry and Location Placement

For those who pursued work after graduation, industry choices were consistent with prior classes. Consulting, again topping industry choice, recruited 33.7 percent of the class and also held the highest median salary, reported at $190,000. McKinsey & Co. hired the most Sloan graduates, taking in 26. Bain & Co. followed at 25 students while BCG recruited 23. Roughly 24 percent joined the tech field while nearly 20 percent pursued roles in finance. Nearly six percent headed into the healthcare/pharma/biotech sector while nearly three percent each chose consumer products/retail or energy.

MIT Sloan MBA Employment Report:
Industry Placement

Consulting 33.7%
Technology 24.1%
Financial Services 19.9%
Healthcare/Pharma/Biotech 5.8%
Consumer Products/Retail 2.7%
Energy 2.7%

Nearly 93 percent of the class remained in the U.S. to begin their post-MBA careers. Nearly 45 percent chose to stay in the Northeast, with nearly 22 percent settling in the Boston metro area and 21.3 percent in the NYC metro area. The Western U.S. took in 23.7 percent of MIT Sloan MBAs, a four percent increase compared to last year’s class. The Southwest states attracted 7.2 percent of the class followed by the Mid-Atlantic at 6.9 percent. The South took in 5.5 percent and 4.1 percent of the class went to work in the Midwest. Roughly three percent of MIT Sloan grads headed to Asia and roughly two percent to Europe for work.

MIT Sloan MBA Employment Report:
U.S. Regional Placement

Northeast 44.7%
West 23.7%
Southwest 7.2%
Mid-Atlantic 6.9%
South 5.5%
Midwest 4.1%

“Successful career outcomes are both an individual and a community endeavor. At MIT Sloan, career development is supported not only by the CDO, but also through educational and professional development opportunities, mentorship, and a highly engaged network. We would like to express our appreciation for all those across our community who create a uniquely MIT Sloan experience through world-class curriculum, learning labs, centers and initiatives, mentoring, networking, and professional development activities. To our faculty, alumni, employers, student career peers, and colleagues: thank you for your partnership in supporting the next generation of leaders and preparing them to drive transformation and progress in today’s disrupted markets,” says Susan Brennan, Assistant Dean, MIT Sloan Career Development Office, in the introduction to the school’s report.

Lauren Wakal
Lauren Wakal has been covering the MBA admissions space for more than a decade, from in-depth business school profiles to weekly breaking news and more.