Table of Contents
Key Takeaways:
- Discover the average starting salaries for Stern MBA graduates, including the top-paying industries and job functions.
- Explore the factors that influence Stern MBA salaries, such as concentrations, job location, and work experience.
- Learn about the long-term earning potential of a Stern MBA, including the growth in compensation over time.
- Understand the impact of specialized MBA concentrations, like finance or entrepreneurship, on post-graduation salaries.
- Gain insights into the career trajectories of Stern MBA alumni and how they leverage their degree to achieve financial success.
Pursuing an MBA from a prestigious institution like New York University's Stern School of Business can open doors to lucrative career opportunities and impressive earning potential. As you consider investing in your future, it's natural to wonder about the financial rewards that can come with a Stern MBA. In this comprehensive guide, we'll dive into the latest data on Stern MBA salaries, providing you with the insights you need to make an informed decision about your academic and career path.
Average New York University MBA Salary
The average salary for New York University's MBA Class of 2023 graduates is $175,000.
NYU Stern MBA also produces highly paid graduates in various industries. The NYU Stern MBA Employment Report for the Class of 2023 indicates that the average total compensation for the Class of 2023 is $201,727.
An impressive 94% of New York University MBA graduates secured jobs within three months of graduation, matching the success rate of the Class of 2022. Additionally, due to a larger class size, 72 more students obtained employment compared to the previous year.
New York University MBA Salary Breakdown 2024
Graduates from NYU Stern's MBA program consistently achieve impressive salaries, reflecting the program's strong reputation and the high demand for its alumni in the job market.
Component | Amount |
Median Base Salary | $170,000 |
Average Signing Bonus | $35,000 |
Total Compensation | $200,000+ |
Employment Rate | 96% |
Why Choose NYU Stern MBA?
The NYU Stern MBA program not only prepares students for high-paying jobs but also equips them with the skills and network necessary for long-term career success. The robust employment outcomes and substantial salaries underscore the program’s value and its ability to transform career trajectories.
Sector-wise New York University MBA Salary
The NYU Stern MBA program graduates can expect competitive salaries that vary significantly across different sectors. These variances are influenced by the industry's demand, the job roles, and the location of the positions.
Here’s a brief overview of what NYU Stern MBA graduates typically earn across various sectors:
Sector | Percentage Employed | Average Salary (USD) | Median Salary (USD) |
Consulting | 41.9% | 178,967 | 188,000 |
Consumer Packaged Goods | 3.0% | 117,800 | 125,000 |
Entertainment/Media/Sports | 3.4% | 140,688 | 140,000 |
Financial Services | 29.4% | 167,104 | 175,000 |
Technology/Telecommunications | 14.2% | 148,360 | 152,000 |
Transportation & Logistics | 1.0% | 111,667 | 125,000 |
Energy/Power | 1.0% | 133,333 | 130,000 |
1. Consulting
NYU MBA graduates entering the consulting sector can expect lucrative salary packages. The average base salary for these graduates is notably high, reflecting the demand for their strategic and analytical skills.
2. Consumer Packaged Goods
NYU MBA graduates entering the Consumer Packaged Goods (CPG) sector often find rewarding careers with competitive salaries and significant growth opportunities throughout their career span.
3. Entertainment/Media/Sports
NYU MBA graduates pursuing careers in the Entertainment, Media, and Sports sectors can anticipate engaging and high-energy roles. These industries offer a unique blend of creativity and business strategy.
4. Financial Services
NYU MBA graduates entering the Financial Services sector are well-positioned to secure lucrative and prestigious roles in investment banking, asset management, and financial consulting.
5. Technology/Telecommunications
NYU MBA graduates venturing into the Technology and Telecommunications sectors can expect dynamic and innovative careers in product management, operations, and strategic planning.
6. Transportation & Logistics
NYU MBA graduates entering the Transportation and Logistics sector are poised for impactful careers in supply chain management, operations, and strategic planning.
7. Energy/Power
NYU MBA graduates targeting the energy and power sector can look forward to careers that combine sustainability and business strategy across project management and operations.
Trends in NYU MBA Salary Based on Job Roles
Understanding the salary trends for NYU MBA graduates based on job roles provides valuable insights into the financial prospects associated with different career paths.
NYU MBA graduates benefit from the strong brand and network of the Stern School of Business, which enhances their earning potential and career advancement opportunities.
In the following table, we will explore the salary distribution of NYU MBA graduates based on job roles:
Job Role | Average Salary ($) | Median Salary ($) | Top Recruiters |
---|---|---|---|
Consultant | 175,705 | 185,000 | McKinsey & Company, Deloitte, Strategy& |
Brand Manager (Consumer Packaged Goods) | 124,250 | 126,000 | Procter & Gamble, PepsiCo, The Coca-Cola Company |
Marketing/Sales Executive (Entertainment/Media/Sports) | 145,543 | 150,000 | NBCUniversal, Disney, Comcast |
Finance/Accounting Professional (Financial Services) | 166,182 | 175,000 | J.P. Morgan, PricewaterhouseCoopers (PwC), Credit Suisse |
Product Manager (Technology/Telecommunications) | 151,127 | 155,000 | Amazon, Adobe, Microsoft |
General Manager (Transportation & Logistics) | 130,833 | 137,500 | General Motors, Safe Harbor, Con Edison |
Manager (Energy/Power) | 180,067 | 190,000 | Chevron, ExxonMobil, ConocoPhillips |
Location-wise salary of NYU Stern MBA Graduates
If you're considering pursuing an NYU Stern MBA, you may be interested in understanding the average post-graduation salaries across different geographical locations. Salary discrepancies can be significant and vary greatly depending on the location, from bustling cities to remote towns.
NYU Stern MBA Graduates Salary Across North America
The following table provides a detailed breakdown of the salary distribution for NYU Stern MBA graduates across various North American regions. This information helps to understand how location impacts the earning potential of NYU Stern MBA graduates.
North American Regions | Average ($) | Median ($) |
---|---|---|
Mid-Atlantic | 163,283 | 175,000 |
Midwest | 157,500 | 156,500 |
Northeast | 171,939 | 175,000 |
Southwest | 161,714 | 165,000 |
West | 151,859 | 147,500 |
To get more details: visit the official site : Full-time MBA | NYU Stern
Global New York University MBA Salary Trends
The Financial Times 2021 Global MBA Rankings reveal that the average three-year post-graduation salary is USD 178,356. We sought to elucidate whether "Is New York University MBA worth it" by examining the varying salaries of graduates based on their locations.
The following table comprehensively summarizes the salary distribution for NYU MBA graduates worldwide.
World Regions | Average ($) | Median ($) |
---|---|---|
Asia & Middle East | 110,516 | 110,000 |
Europe | 135,672 | 123,371 |
North America | 169,446 | 175,000 |
When evaluating the return on investment (ROI), it is essential to compare the NYU MBA fees and cost of living with the average salaries graduates can expect. The impressive earnings potential indicates that an NYU MBA can provide a high ROI despite the high upfront cost.
NYU STERN MBA Review: 6 THINGS You Need To Know
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Conclusion
The NYU Stern MBA program is an excellent investment for individuals seeking to advance their careers and increase their earning potential.With competitive salaries across various sectors and locations, NYU Stern MBA graduates, like those from other top MBA colleges in the USA, can command some of the highest wages in the industry. If you are considering pursuing an MBA, NYU Stern and other leading top MBA colleges in the USA should be at the top of your list!