Post MBA Compensation Packages

Often times you will see me reply to other individuals post in regards to graduate schools. I have done extensive research on MBA/Msc programs/admissions, but lack knowledge in post-MBA salaries. Especially in the corporate/Tech sector. Consulting/IB is pretty given, but I would appreciate that too. 

If you have graduated from a T25 MBA program or know someone that has, can you please provide the details on their compensation package, and if possible their 3/5-year out package?

Post-MBA:
Industry:
Function:
Position/Level:
Base Salary:
Signing Bonus:
Performance Bonus:
Other Comp (RSUs, etc..):

3/5-Years out:
Industry:
Function:
Position/Level:
Base Salary:
Signing Bonus:
Performance Bonus:
Other Comp (RSUs, etc..):

If you have any other information as well in regards to post-MBA or even MSc salaries, feel free to share. This will be helpful for me, as well as others who are looking to pursue graduate school. 

Edit:OPTIONAL If you want to add where you graduated from (HSW, M7 (not HSW), T10, T15, T25, Above T25). Also pre MBA industry/function. 

Comments (76)

  • Principal in PE - Other
Nov 9, 2021 - 9:12am

Post-MBA:
Industry: Asset Management
Function: Investment Team (private markets)
Position/Level: VP
Base Salary: $140k
Signing Bonus: $10k (moving stipend, had to negotiate for this)
Performance Bonus: $30k stub year, $70-100k next couple full years
Other Comp (RSUs, etc..): profit sharing (tbd how much this turns out to be, it's all long dated)

3/5-Years out:
Industry: Asset Management
Function: Investment Team (private markets)
Position/Level: Principal
Base Salary: $185k
Signing Bonus: $0
Performance Bonus: 30%-200+%
Other Comp (RSUs, etc..): profit sharing

  • Associate 1 in IB - Cov
Nov 11, 2021 - 8:52pm

What did you do prior to your mba?

Nov 11, 2021 - 3:37pm

Post-MBA:
Industry: Venture Capital
Function: Investment Team
Position/Level: Sr. Associate
Base Salary: $150K
Signing Bonus: N/A
Performance Bonus: Target $100K
Other Comp (RSUs, etc..): $500K fund carry

3/5-Years out (Not there yet, but this is my expectation):

Industry: Venture Capital
Function: Investment Team
Position/Level: Principal
Base Salary: $200K
Performance Bonus: Target $200K
Other Comp (RSUs, etc..): $1.5M fund carry

Array
  • 3
  • Associate 1 in IB - Gen
Nov 12, 2021 - 10:41am

Post-MBA:
Industry: IB
Function: Product Group
Position/Level: Associate 1
Base Salary: $175K (current ASO1 salary)
Signing Bonus: $70K (current ASO1 signing)
Performance Bonus: Target ~100%
Other Comp (RSUs, etc..): Some portion of bonus is both 1) deferred and 2) in stock

3/5-Years out:

Industry: IB
Function: Product Group
Position/Level: VP
Base Salary: $250K
Performance Bonus: Target ~100%+
Other Comp (RSUs, etc..): Some portion of bonus is both 1) deferred and 2) in stock

  • Associate 2 in PE - LBOs
Nov 12, 2021 - 8:25pm

Post-MBA:
Industry: Consulting
Function: Strategy - MBB
Position/Level: Consultant
Base Salary: $175K
Signing Bonus: $30K 
Performance Bonus: $30K
Other Comp (RSUs, etc..): $15K profit sharing

3/5-Years out:

Industry: Consulting
Function: Strategy - MBB
Position/Level: Associate Partner
Base Salary: $240K
Performance Bonus: $110K
Other Comp (RSUs, etc..): $75K profit sharing

  • Associate 1 in IB - Cov
Nov 12, 2021 - 9:06pm

Thinking the same thing.  Seems really low for MBB 

  • Analyst 1 in IB - Gen
Nov 12, 2021 - 11:17pm

This.. is standard?

Progression is usually something like: post-MBA A/C/C (~$200k) -> 2 years -> EM / M / M ($250-300k) -> 2 years -> AP / SM / P (~$300-500k) -> 2 years -> Jr Partner (~$500k to $1.2M) -> 3-5 years -> Sr Partner (~$1-3m). 

  • Associate 2 in PE - LBOs
Nov 13, 2021 - 8:55am

Adding 10 years out to show how much better comp scales as a Partner at MBB

10-Years out:

Industry: Consulting
Function: Strategy - MBB
Position/Level: Partner
Base Salary: $400K
Performance Bonus: $600K
Other Comp (RSUs, etc..): $500K profit sharing

Nov 14, 2021 - 5:00pm

Any reason for why you decided not to stay in PE and go into consulting instead? Haven't really seen this in my MBA class. 

Array

Nov 13, 2021 - 12:54pm

Asset management ~5 yrs out of mba LCOL city. ~250k salary, 100% cash bonus, plus carry. Goes a long way outside the coasts I can tell you 

  • Associate 1 in IB - Cov
Nov 13, 2021 - 1:48pm

Industry: IB
Position/Level: Associate
Base Salary: $175K
Signing Bonus: $50k
Performance Bonus: Target $100-150k
 

  • Investment Analyst in AM - FI
Nov 14, 2021 - 7:26pm

Post-MBA:

Industry: Asset Management

Function: Research, global credit

Position/Level: Analyst

Base Salary: $200k

Signing Bonus: $30k

Performance Bonus: $75-100k

Other Comp (RSUs, etc..): None for 3 years

3/5-Years out:

Industry: Asset Management

Function: Research, EM debt + global high yield

Position/Level: Analyst

Base Salary: $300k

Signing Bonus: -

Performance Bonus: $175-200k

Other Comp (RSUs, etc..): Redacted

Clearly a large firm. Towards mid 5th year - expecting a larger bonus soon. Previous experience in 2nd tier sell-side bank HY research. M7, notoriously quanty program + CFA ®. 70 hrs average work week, much higher than equity & alternative & private funds analysts, better compensated nonetheless.

A word on comp. Base will hit a plateau with the next raise, which will be meager already. Bonus will increase however, but the base increases are carried with PMs. No 1 priority as of now is to get hours down, need to wife myself up soon. Too many career analysts - especially in equities - are handed a combination of higher comp and higher performance decisions as said analysts are increasing.

Nov 14, 2021 - 7:38pm

Post-MBA:
Industry: Consumer Goods
Function: Internal Strategy
Position/Level: Associate Manager
Base Salary: $96,500
Signing Bonus: $5,000
Performance Bonus: 10%
Other Comp (RSUs, etc..): N/A

3/5-Years out:
Industry: Consumer Goods
Function: Business Line Management
Position/Level: Senior Manager
Base Salary: $140,000
Signing Bonus: N/A
Performance Bonus: 40%
Other Comp (RSUs, etc..): N/A


Top 25 MBA done online

Nov 15, 2021 - 8:22pm

I did the Kelley program. If anyone thought less that I did it online, they haven't said it to my face. While I don't highlight it on my resume (the degree is the degree regardless of the platform used to attain it, there's no asterisk), I do like to talk about it when interviewing. I'm pretty proud to have been able to finish it in the same 2 year period as those in the traditional program while still working full time. That's usually well received. 

  • Research Analyst in AM - Equities
Nov 17, 2021 - 2:31pm

Post-MBA:
Industry: Asset Management
Function: Equity Research
Position/Level: Analyst
Base Salary: £125,000
Signing Bonus: £25,000
Performance Bonus: £30,000
Other Comp (RSUs, etc..): £60,000 (total, vesting cleared by yr3)

3/5-Years out:
Industry: Asset Management
Function: Equity Research
Position/Level: Analyst - AVP
Base Salary: £225,000 (4th year base)
Signing Bonus: £0
Performance Bonus: 100% (5th year expected bonus)
Other Comp (RSUs, etc..): Global assignment bonus (£40,000 paid twice)

Previous WE: 4 years buy-side analyst on two rotational programs. Happy to answer questions.

  • Research Analyst in AM - Equities
Nov 18, 2021 - 8:48am

It's not uncommon in the UK....? I know it's rare coming out of undergraduate but MBA analysts recruit well virtually anywhere

My MBA class mostly recruited consulting. By far the biggest consulting hub in the world

  • Research Analyst in HF - Other
Nov 18, 2021 - 4:44am

Wow that's amazing - your base gets suuper high Jesus Christ. I'm 7/8 years out of school and my base is £120,000 at a top tier hedge fund - but I also don't get why the variable comp piece is only 50% of TC. Maybe this is more typical of LO shops? Great gig man.

  • Research Analyst in AM - Equities
Nov 18, 2021 - 8:56am

Not so much a secret, LO will give you everything if you're a valuable asset - when they make sure you're to be trusted to take care of their money your upside is limitless.

I should also divulge that during all of my rotation years **combined** I made around £120k. Learning to become a public markets investor is priceless, and it shows

  • Analyst 2 in PE - LBOs
Dec 13, 2021 - 7:13pm

Curious what's your TC at a top tier HF 7/8 years out? Also what strategy/AUM ballpark are you?

Nov 19, 2021 - 6:39pm

Post-MBA:
Industry: Manufacturing / Industrial
Function: Rotational LDP
Position/Level: Associate
Base Salary: $150,000
Signing Bonus: $25,000
Performance Bonus: 10-20%
Other Comp (RSUs, etc..): N/A

3/5-Years out:
Industry: Same Company
Function: General Manager w/ P&L
Position/Level: Manager
Base Salary: $175,000
Signing Bonus: N/A
Performance Bonus: 20%
Other Comp (RSUs, etc..): 10% RSUs

M7 (non HSW)

Nov 21, 2021 - 4:10pm

Do you mean during the 3 year LDP programs? You get the standard inflation raise (2-3%) plus performance (3-5%), which then also affects bonus as % of salary...

After the program (3-3.5 years) you get promoted to the next level. I do not know the exact base salary given how wide the pay bands are at my company, but assume its about $210k to $220k all in. Also the RSUs are on a 3 year vesting schedule that refreshes every year, so after year 3, that number grows quite a bit.

  • Associate 1 in IB - Gen
Nov 20, 2021 - 10:43am

Why did you lateral to a BB? Have mostly seen the other way at my bschool.

  • Associate 1 in IB - Cov
Nov 22, 2021 - 7:36pm

Post-MBA:
Industry: IB
Function: Coverage
Position/Level: Associate
Base Salary: $175,000
Signing Bonus: $50,000
Performance Bonus: Believe stub is $50,000?
Other Comp (RSUs, etc..): $10,000 relocation 

3/5-Years out:
Industry: IB
Function: Coverage
Position/Level: VP
Base Salary: $250,000
Signing Bonus: N/A
Performance Bonus: 100%+

T15 (full ride) 

Dec 1, 2021 - 2:05pm

Post-MBA:
Industry: Consumer Goods
Function: Marketing
Position/Level: Assistant Brand Manager
Base Salary: $100,000
Signing Bonus: $20,000
Performance Bonus: 5% Target
Other Comp (RSUs, etc..): N/A

5-Years out:
Industry: Consumer Goods
Function: Marketing
Position/Level: Senior Manager
Base Salary: $165,000
Signing Bonus: N/A
Performance Bonus: 20% Target
Other Comp (RSUs, etc..): $10-15k RSU/options per year

WLB: Unreal 

T15 (Cornell) 

  • 1
Jan 6, 2022 - 10:30pm

Do you mind divulging your pre-MBA work experience? Currently an analyst in consumer / retail banking and have realized my interest is much more on the industry and strategy side vs. finance - looking to make a switch into brand management and trying to understand how feasible it might be to lateral into a role

Most Helpful
Jan 7, 2022 - 9:42am

Pre-MBA I worked in RX consulting (Alix/Alvarez/FTI), so it was a complete career switch for me.  At the MBA level probably 90% of the people going into CPG are career switchers, so it's not an obstacle.  

We don't see a lot of people from IB coming into our applicant pool (honestly the pay cut is just too big for most), and normally it wouldn't be the type of profile we'd look for, but right now is probably the best opportunity you're going to get.  There's a lot of turnover in the industry (as there is in every industry), so recruiters are being more flexible with backgrounds. 

Separately, some CPG/Retail/Fashion companies have Corporate Strategy groups which tend to hire ex-consultants and bankers.  One group that I know has taken several consumer/retail IBers in the past is Coach's (now Tapestry's) Corporate Strategy group.  It might make sense to aim for one of those groups and then work your way into operations from there. 

  • 5
  • Associate 1 in IB - Cov
Feb 17, 2022 - 11:41am

The 5% bonus on the $100k…what did that net out to after taxes? Figure $2,700 or so? 

Jan 6, 2022 - 3:30am

Doing something entrepreneurial post mba out of an M7. Not taking a salary, living on my savings (and poured most of it into my biz). Running out of money soon (crypto markets getting recked...).

Sucks to see everyone take post mba positions that pay anywhere from 400k (IBD) to 700-800k? (PE MF) while I'm grinding to get my company off the ground (with no guarantee or promise in succeeding). For everyone who complains about IBD/pe hours on here, try entrepreneurship...work 80 hours a week without being paid, be scrutinized by friends/family, lose meaningful relationships, etc. 

Thinking/hoping I can hit a low 8 figure payout in 5 years though. Doing something a little more traditional compared to a startup. 

On a risk adjusted basis, highest expected value post mba would be a top PE/HF job

Search funds/roll ups are next in risk/reward (albeit, its getting much much harder to find a deal these days). I would argue the reward is only marginally better than being on on a top HF/PE track. 

Startups have the most risk, but most reward post mba. Stitch fix, figs founder, nubank founders are billionaires and not even 40 yet.

Generally speaking, I think most people who attempt a reasonable entrepreneurial idea from an M7 tend to be successful.  Anyone with a good pedigree and a half decent can raise money in this environment...

Really didn't want to go back to the corporate grind post mba. Have one life, want to make the most of it. 

Array

  • 3
Jan 6, 2022 - 1:39pm

Post-MBA:
Industry: IB (EB)
Function: Industry focused group
Position/Level: Associate
Base Salary: $150,000
Signing Bonus: $60,000
Performance Bonus: 90-120% of base
Other Comp (RSUs, etc..): N/A

3.5-Years out:
Industry: IB (same EB)
Function: Same industry focused group
Position/Level: VP
Base Salary: $275,000
Signing Bonus: N/A
Performance Bonus: Est. 125-175% of base given Aso2 and expected Aso3 bonus 
Other Comp (RSUs, etc..): N/A

WLB: Good by banking standards, but still banking

MBA: M7

Jan 6, 2022 - 2:45pm

Obviously fluctuates up to 90+ hr weeks during live deals or multiple accounts hitting at once, but on average it's around 65-70, with some pretty chill 50hr weeks in there every now and again. Like 65-70hrs is still a lot of work, bankers brains are just warped compared to non-bankers, but it's significantly better than the consistent 80-85+ hour weeks when I first started as an associate and was learning the ropes.

Feb 9, 2022 - 9:31pm

Post-MBA:
Industry: Consulting BIG4
Function: Human Capital
Position/Level: Senior Consultant
Base Salary: $140,000
Signing Bonus: $45,000
Performance Bonus: ~20% of base
Other Comp (RSUs, etc..): $40k Tuition Reimbursement

3-5-Years out (5 yrs):
Industry: PE
Function: HR
Position/Level: Senior Director
Base Salary: $235,000
Signing Bonus: $80k
Performance Bonus: 50-100% 
Other Comp (RSUs, etc..): N/A

WLB: 40 hrs/wk

MBA: Top 15

Feb 10, 2022 - 12:24pm

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