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Key Takeaways:
- The average base salary for Wharton MBA graduates is $182,000, with a median of $180,000.
- Graduates earn signing bonuses of up to $30,000, received by 85% of students.
- Consulting offers a median salary of $190,000, while financial services and private equity roles boast median salaries of $175,000 and $189,322, respectively.
- With 37.3% of graduates in financial services and 28.8% in consulting, Wharton MBAs dominate high-demand fields.
The Wharton MBA program is renowned for producing industry leaders equipped with the skills to excel in diverse, high-impact roles. Known for its rigorous curriculum and unparalleled alumni network, Wharton offers its graduates exceptional career opportunities globally. The Wharton MBA salary stands as a testament to the program’s value, with graduates earning an average base salary of $182,000, complemented by generous signing bonuses and competitive benefits.
Average Graduate Wharton MBA Salary Trends
Wharton MBA graduates consistently rank among the highest earners globally, thanks to their robust academic foundation and expansive alumni network. The Class of 2023 reported impressive salary outcomes, reflecting the program's excellence in preparing students for high-paying roles in various industries.
Key Salary Highlights
- Average Base Salary: $182,000
- Median Base Salary: $180,000
- Signing Bonus: Up to $30,000 (received by 85% of students)
- Total Compensation Package: Exceeds $210,000 in most cases
The employment outcomes also highlight a high placement rate, with 92.3% of students accepting job offers within three months of graduation.
Employment Breakdown: Wharton MBA Class of 2023
| Category | Class of 2024 Internships (%) | Class of 2023 Full-Time (%) |
|---|---|---|
| Students Seeking Employment | 90.9% | 75.0% |
| Reporting Job Offers | 99.7% | 97.2% |
| Reporting Job Acceptances | 99.6% | 92.3% |
| Students Not Seeking Employment (Personal/Other Reasons) | 8.8% | 17.1% |
Popular Industries and Roles
Wharton graduates are heavily recruited into industries such as consulting, finance, and technology. Key roles include:
- Consulting: $175,000 average base salary
- Private Equity: $190,000 average base salary
- Technology Management: $160,000 average base salary
Please Refer Wharton 2023 Career Report for detailed information.
Compensation by Industry
The Wharton MBA program prepares graduates for success across a wide range of industries, offering competitive salaries and diverse career opportunities. The table below provides a detailed breakdown of compensation by industry for both internships and full-time roles for the Class of 2023.
- Highest Median Full-Time Salary: $215,000 in Legal & Professional Services
- Consulting: Median full-time salary of $190,000, representing 28.8% of acceptances
- Financial Services: A major industry for Wharton graduates, with 37.3% of full-time acceptances and a median salary of $175,000
- Technology: A growing field, offering a median full-time salary of $162,750
| Industry | Internship Median Salary (Monthly) | Full-Time Median Salary (Annual) |
|---|---|---|
| Consulting | $15,832 | $190,000 |
| Consumer Products | $7,500 | $128,000 |
| Energy | $11,500 | $160,000 |
| Financial Services | $13,108 | $175,000 |
| Hedge Funds/Other Investments | $13,250 | $212,500 |
| Investment Banking/Brokerage | $14,583 | $175,000 |
| Private Equity/Buyouts | $12,000 | $189,322 |
| Technology | $9,360 | $162,750 |
| Health Care | $9,186 | $157,500 |
| Media, Entertainment & Sports | $6,147 | $157,500 |
| Legal & Professional Services | $17,914 | $215,000 |
| Social Impact | $5,800 | $133,500 |
Compensation by Function
Wharton MBA graduates enter a wide variety of functions, each offering competitive salaries that reflect the program's ability to prepare students for impactful roles. The table below showcases the compensation trends for internships and full-time roles by function for the Class of 2023.
- Highest Median Full-Time Salary: $215,000 in Legal Services
- Consulting/Strategy: Dominates with 36% of graduates, offering a median salary of $190,000
- Private Equity/Venture Capital - Investor: A popular choice, with 18.1% of students accepting roles at a median salary of $185,000
| Function | Internship Median Salary (Monthly) | Full-Time Median Salary (Annual) |
|---|---|---|
| Analytics/Data Science | $9,359 | $166,500 |
| Business Development | $8,666 | $164,000 |
| Consulting/Strategy | $12,783 | $190,000 |
| Corporate Finance (Analysis/Treasury) | $9,100 | — |
| Entrepreneurial Management | $5,633 | — |
| General/Project Mgmt/Mgmt Development | $10,183 | $160,000 |
| Human Capital | — | — |
| Investment Banking | $14,583 | $175,000 |
| Investment Mgmt/Portfolio Mgmt | $12,500 | $175,000 |
| Legal Services | $17,914 | $215,000 |
| Operations/Production Mgmt/Supply Chain | $9,013 | $155,000 |
| Private Equity/Venture Capital - Investor | $10,000 | $185,000 |
| Product/Brand Marketing | $8,667 | $133,000 |
| Product Management | $9,360 | $160,000 |
| Real Estate | $7,015 | $150,000 |
| Restructuring | — | — |
| Sales | — | — |
| Sustainability/Environment | — | — |
Enrollment Demographics
The Wharton MBA program attracts a diverse group of students from various backgrounds, offering a rich learning environment that reflects its global reputation. The demographic breakdown for the Classes of 2023 and 2024 highlights Wharton’s commitment to fostering inclusivity and diversity.
- Total Enrollment: Class of 2024: 877 students; Class of 2023: 880 students
- Female Representation: Class of 2024: 50%; Class of 2023: 52%
- International Students: Class of 2024: 35%; Class of 2023: 36%
- Median Work Experience: 5 years for both classes
| Category | Class of 2024 | Class of 2023 |
|---|---|---|
| Total Enrolled | 877 | 880 |
| Female | 50% (439) | 52% (457) |
| U.S. Students of Color | 37% (320) | 35% (311) |
| International | 35% (305) | 36% (315) |
| Countries Represented | 77 | 83 |
| Median Work Experience | 5 years | 5 years |
Top Employers Hiring for Wharton MBA Graduates
The following table categorizes the employers that hired two or more members of the Wharton MBA Class of 2023 into three categories: Consulting, Finance, and Technology & Other Industries.
| Consulting | Finance | Technology & Other Industries |
|---|---|---|
| Bain & Company | BlackRock | Amazon |
| Boston Consulting Group (BCG) | Goldman Sachs & Company | |
| Deloitte Consulting LLP | JPMorgan Chase & Co. | Meta |
| EY-Parthenon | Morgan Stanley | Apple |
| L.E.K. Consulting | Blackstone Group LP | Electronic Arts |
| McKinsey & Company | Warburg Pincus LLC | Adobe Inc. |
| Strategy& | Brookfield Asset Management | Walmart eCommerce |
| Citigroup (Citi) | PayPal | |
| Perella Weinberg Partners | PepsiCo | |
| PJT Partners | Activision Blizzard | |
| Lazard, LLC | DoorDash | |
| Guggenheim Securities, LLC | Hearst | |
| H.I.G. Capital | Cruise Automation | |
| Visa Equity Partners | ||
| Generate Capital |
Employment by Location
The Wharton MBA Class of 2023 showcases a diverse distribution of employment locations, with the majority of graduates choosing to work in the United States. International opportunities, though smaller in percentage, offer competitive salaries, reflecting Wharton’s global reach.
| Region | Percentage | Median Salary |
|---|---|---|
| United States | 91% | $175,000 |
| - Northeast | 48.3% | $175,000 |
| - Mid-Atlantic | 8.7% | $185,000 |
| - Midwest | 3.8% | $190,000 |
| - South | 5.2% | $175,000 |
| - Southwest | 4.6% | $190,000 |
| - West | 20.5% | $175,000 |
| International | 9% | $150,000 |
| - Asia | 4.6% | $150,000 |
| - Europe | 2.1% | $141,498 |
| - Canada & Other | 1.5% | Not Specified |
Related Blogs:
- Wharton MBA Fees and Expenses
- Wharton MBA Salary Insights
- Wharton MBA Scholarships & Financial Aid Options
- Wharton MBA Deadlines
- Wharton MBA Essays
- Wharton MBA Interview Questions
- Is Wharton School MBA Worth It
Conclusion
The Wharton MBA salary statistics and employment trends highlight the program’s ability to prepare graduates for outstanding career opportunities across industries and regions. From top consulting firms and financial giants to technology leaders and international placements, Wharton equips its students with the skills and network to secure high-paying roles. As one of the leading MBA colleges in USA, Wharton offers a world-class education and career resources, making it a top choice for ambitious professionals aiming to thrive in the U.S. or explore global opportunities.
