MBA Salary Average - What Job is Best?
Updated:
November 19, 2020Hey guys,
This topic is not for people who moved from banking to buy side post MBA and make huge sum of money. Assuming if you have a finance background (non-IBD) and go to MBA to change your career, which jobs (non-Investment Banking Associate/non-Strategy Consultant) usually offer the highest base salary? The reasons I am asking this are because:
1. Not everyone wants to do IBD/MBB post MBA (think people with family commitment, etc.)
2. My understanding is that only BB and MBB offer lucrative bonus. Most of other post MBA jobs, base salary is still 80-90% of total package.
###Highest MBA Salaries
I can think of some options like below:
* Economic Consultant Associate (Cornerstone Research/Analysis Group etc.)
* (Senior) Product (Marketing) Manager (Amazon/Google/Microsoft etc.)
* Senior Financial Analyst (in a Finance Leadership Development Program like Amazon)
###MBA Salary Ranges
Is there any other options and which one you want to go with? assuming if you are in a similar situation like me (have a family, don't want to work crazy hours and don't want to travel like crazy etc.).
back office / middle office in large bulge bracket banks.
Why the shit? He's not wrong, those jobs pay significantly above the median comp for MBA grads.
I don't understand any of the shit thrown on this thread, frankly. Maybe for not focusing on IB
i heard from some friends that interned that Amazon just bumped up their compensation package for their most recent class of interns. they will start at 185k (130k base, remainder in guaranteed cash/stock bonuses). this for the PM, Finance, Retail and Ops roles. the Technical PM role pays even more, but you need a tech background to land that one.
When I graduated ~2 years ago Amazon was at $120k base with $45k stock signing bonus, so this would be about right. Major caveat though - the $45k stock vests in the following manner - 5%, 15%, 40%, 40% over 4 years. The vast majority of MBAs do not collect the full amount.
Amazon comp has jumped up quite a bit in 2 years then it seems like. the current offer given to interns was:
base: 130k cash sign-on: 90k (50k in year 1, 40k in year 2) stock sign-on: 95k vesting over 4 years (5/15/40/40)
assuming no increase in base salary and no stock appreciation (LOL), comp for years 1-4 looks like this:
Y1: ~185k Y2: ~185k Y3: ~170k Y4: ~170k
Amazon has definitely been over hiring and is not too selective.
Why would you even bother with a MBA from a top school if you want to target those roles? Know a lot of people who leave my current firm to go to those types of roles all the time (at Facebook, Amazon, etc).
thats kind of like saying whats the point of getting an MBA to go into MBB/BB, theres plenty of ppl that get direct-promoted into the post-MBA consulting/banking roles at those firms. not everyone is starting off in banking or consulting so everyone has a different reason for why the MBA makes sense to them.
Dude I feel like you're spinning your wheels here because you are in a crisis of indecision. You have pretty much all the data you need at this point. Since it's not sinking in, I'll make it clear in crisp, consulting like points.
You have the info you need, we can't tie the rest for you.
"Not everyone wants to do IBD" is probably sufficient in and of itself, but everyone here is obsessed with using the parenthetical "think x, y, z"
Anyways, I am going to go back to eating my lunch (think lettuce, cucumbers, grilled chicken, salad dressing).