Table of Contents
Key Takeaways:
• Ivey Business School MBA salary packages for recent graduates typically range between CAD 110,000-120,000 in their first positions
• Many grads land exciting roles in consulting firms, banks, and tech companies, where salaries tend to be on the higher side
• Working in Toronto or taking an international position often means a bigger paycheck
• Your total package usually includes more than just salary - think signing bonuses, performance bonuses, and moving expenses
• Ivey's one-year program means you're back in the workforce faster than with traditional two-year programs, putting you ahead financially
• Your earnings typically grow substantially in the years after graduation, with many alumni seeing major increases by the 3-5-year mark
Are you thinking about getting an MBA from Ivey Business School? One of the biggest questions on your mind is probably: What salary can I expect after graduating? It's an important consideration when you're investing time and money in your education. In this guide, we'll share what real Ivey graduates are earning, which companies are hiring them, and what affects their pay packages. Whether you're comparing different schools or just planning, understanding these salary details will help you make the right choice for your future career.
Average Ivey MBA Salary
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The average Ivey Business School MBA Salary is $119,443
The average Ivey MBA program salary is an impressive $119,443 as of 2024, encompassing various elements that contribute to the overall compensation package. This comprehensive figure includes the base salary, signing bonus, and other guaranteed compensation, making it a robust representation of the financial rewards that graduates can expect. The substantial average salary highlights the value and prestige associated with an Ivey MBA.
| Metric | Value | Details |
|---|---|---|
| Job Offers (3 months post-grad) | 78% | of those seeking, received at least one job offer three months post-graduation |
| Job Offers (6 months post-grad) | 92% | of those seeking, received at least one job offer six months post-graduation |
| Average Base Salary | $111,694 | |
| Average Signing Bonus | $11,830 | |
| Average Total Compensation | $119,443 | Includes base salary, signing bonus, and other guaranteed compensation |
With their exceptional business understanding, critical thinking abilities, and leadership skills developed throughout the program, Ivey MBA graduates are highly sought-after by top employers in various industries. This competitive salary not only reflects the return on investment for students but also underscores the recognition and market demand for the expertise and talent that Ivey graduates bring to the table.
Ivey Business School MBA Salary: Sector-Wise
The Ivey MBA helps students build real-world skills that open doors to great jobs in different industries. When you look at the Ivey Business School MBA salary, it’s clear that graduates earn well across fields like consulting, finance, tech, and more. Below is a quick look at the top sectors Ivey MBA students go into and how many choose each one:
1. Consulting/Corporate Strategy
Consulting is one of the top choices for Ivey students. Big firms like BCG, Bain, and Deloitte often hire directly from campus. Students working in consulting earn around $124,834 as a starting salary, and many also get signing bonuses. These jobs offer fast growth and international projects.
2. Financial Services
Finance is another strong sector, especially with Ivey’s location near Toronto, Canada’s financial capital. Roles in investment banking, private equity, and fintech pay about $100,917. Big names like RBC, Scotiabank, and TD are regular recruiters.
3. Technology
Tech is growing fast, and many Ivey MBAs go into roles like product manager or business strategist. Companies like Amazon, IBM, and Shopify offer an average salary of $113,857. Many also provide stock options, which increases the overall package.
4. Energy/Resources
Canada has a strong energy sector, and Ivey grads often join companies like Suncor and Enbridge. Jobs in this area average salary of $118,000, and roles are often focused on operations, strategy, or sustainability.
5. Healthcare
Healthcare is a good option for students who want to make a difference while earning well. Graduates land roles in hospital management, pharma, or health-tech startups with an average salary of $103,000. The work is stable and offers steady growth.
6. Others
In the "Other" industry category, representing 33% of total reported salaries, the average salary stands at $104,632.It is important to note that these average sector-wise salaries provide a glimpse into the MBA salary for graduates. Individual salaries may vary based on factors such as experience, performance, and specific roles within each sector.
The table below showcases the Ivey Business School MBA Salary by sector, highlighting various parameters:
| Industry | % Share of Total Reported Salaries | Min $ | Max $ | Average $ | Median $ |
|---|---|---|---|---|---|
| Consulting | 28% | $60,000 | $200,000 | $124,834 | $110,000 |
| Financial Services | 20% | $80,000 | $120,000 | $100,917 | $102,500 |
| Technology | 12% | $75,000 | $170,000 | $113,857 | $105,000 |
| Energy/Resources | 8% | $55,000 | $160,000 | $118,000 | $135,000 |
| Healthcare | 7% | $85,000 | $135,000 | $103,000 | $96,000 |
| Other* | 33% | $75,000 | $210,000 | $104,632 | $98,000 |
Industry of Accepted Employment
The power of the Ivey employment network became apparent for the Class of 2024. The class actively interacted with corporate partners and alumni during recruiting activities, utilized school-facilitated job postings to discover opportunities, and applied skills acquired through their program to secure employment. In their independent job search efforts, 31% of students successfully secured their opportunities, while 57% capitalized on opportunities promoted through Ivey.
Ivey Business School MBA Salary Across Different Locations
Location plays a significant role in determining Ivey Business School MBA salary, considering the variations in living costs in canada and industry dynamics. Let's examine the average salaries across different locations where graduates find themselves:
1. Calgary (5%)
Calgary graduates enjoy the highest average salary among the listed locations, with an impressive figure of $164,833, according to our data. The city's thriving industries and competitive job market contribute to these robust salary packages.
2. Toronto/GTA (69%)
The majority of Ivey MBA graduates settle in the Toronto/Greater Toronto Area (GTA), constituting 69% of reported salaries. According to our data, the average salary in this bustling hub amounts to $131,038, slightly higher than the GTA average in our dataset.
3. Canada – Other (9%)
Outside of the major cities, other regions in Canada present unique prospects for MBA graduates. These areas boast an average salary of $111,503, as per our data, aligning closely with the reported average.
4. International (12%)
Ivey MBA graduates who venture beyond Canada's borders find themselves in international locations, where the average salary reaches an impressive $146,690, based on our data. This higher salary potential reflects the global demand for Ivey's top-notch business education.
These adjusted percentages highlight the distribution of reported salaries across different locations, showcasing the varying opportunities and salary potentials for Ivey MBA graduates.
| Location | Percentage | Average Salary |
|---|---|---|
| Calgary | 5% | $164,833 |
| Toronto/GTA | 69% | $131,038 |
| Vancouver | 4% | $111,667 |
| Canada – Other | 9% | $111,503 |
| International | 12% | $146,690 |
Ivey Business School MBA Salary Breakdown
The Ivey Business School MBA salary data presented in the report is based on a 78% salary reporting rate from the students. It encompasses base salary along with signing bonus and other guaranteed compensation, such as other taxable payroll compensation like a guaranteed annual bonus. It is crucial to bear in mind that not every role incorporates a signing bonus or other guaranteed compensation. Signing bonuses are predominantly found in certain industries. Among the students who disclosed their salary data, less than half indicated receiving a signing bonus.
Ivey Business School Corporate Partners
Below is a list of companies and organizations that have engaged with MBA colleges in Canada students over the last three years through networking, company-sponsored education leave, hiring, formal postings, and/or campus recruiting. Companies that have been among the top hiring firms for the past three years are bolded.
| Consulting | Financial Services | Technology | Others |
|---|---|---|---|
| Accenture | American Express | Amplitude | Al Murad Group |
| Adaptovate | ATB Financial | Bold Commerce | Bond Brand Loyalty |
| AlixPartners | Aviva Canada | Canvass Analytics | Canadian Marketing League |
| Bain & Company | Bank of America-Merrill | Ecobee | DAY Communications |
| Burnie Group | BMO Financial Group | EventMobi | Hivestack |
MBA in Canada - 3 things you should know
Related Blogs on Ivey MBA Course:
- Ivey Business School MBA GMAT
- Ivey Business School MBA Fees
- Ivey Business School MBA Salary
- Ivey Business School MBA Essays
- Is Ivey Business School MBA Worth It?
Conclusion
If you're aiming for a high-paying job after your MBA, the Ivey Business School MBA salary shows why this program stands out. With most graduates earning over CAD 110,000 and landing jobs within a few months, it offers great value for the money you invest. Whether you want to work in consulting, finance, tech, or healthcare, Ivey gives you strong career options.
