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.
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
~$250K for VP in private market investing role? Is this at a large shop? Seems quite low to me.
Sounds like fund of funds. Still does seem a bit low to me when some FOF shops are offering 100k+ base with 100% bonus to analysts out of UG.
It was quite low. Way off market low. They had trouble keeping talent, unsurprisingly. Brand name firm though.
What did you do prior to your mba?
this isnt inspiring anyone to get an mba lmao
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
.
Would you mind mentioning your business school.
Thanks a lot!
Wharton
Pre-MBA experience?
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
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
jfc I didn't realize bonus structure within the senior ranks of MBB was so low (guessing there's some sort of trade off here - lifestyle, I gotta imagine?)
Thinking the same thing. Seems really low for MBB
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).
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
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.
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
Public markets or pe? What did you do before bschool?
PE. Worked in IB and growth equity in northeast before b school and specifically targeted a chiller city
What industry focus in PE? Large PE firm or regional?
Real assets. Large firm
Industry: IB
Position/Level: Associate
Base Salary: $175K
Signing Bonus: $50k
Performance Bonus: Target $100-150k
Bump
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.
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
Which school? Nice. Did anyone care that your MBA was online?
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.
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.
Pretty rare to see a UK MBA-er. What were the typical exits from your class?
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
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.
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
Curious what’s your TC at a top tier HF 7/8 years out? Also what strategy/AUM ballpark are you?
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)
Danaher?
No, its not Danaher. Don't want to give company name.
So there is almost no salary progression in 3/5 years when you factor in the signing bonus?
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.
Summer Associate - worked at a boutique and got 150K base
Full Tine Associate - at a BB. 175K base with a 40K signing and 10K relo package. People who interned here and accepted return offers got another 10K (sweetener)
Why did you lateral to a BB? Have mostly seen the other way at my bschool.
No return offer
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)
Are you able to provide which school? Your stats (full ride is a big deal)? and how the recruiting process was?
Bump, gunning for a full ride at a T15 myself
If this is BofA stub is 40
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)
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
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.
The 5% bonus on the $100k…what did that net out to after taxes? Figure $2,700 or so?
Hope you’re enjoying Cincinnati!
-
Medical/healthcare startup?
What ended up happening to your start-up? Hope things went well for you, but I am gussing in this bear market things went south.
If so, what have you done to reset your career?
Still at it...
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What do you consider good by banking standards?
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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
Does the HR person at a PE fund really pull in $350k - $470k per year?... seems a bit high for the work being done
Going to a similar rank school and ngl Human Capital/HR does sound amazing for certain people. Not my cup of tea but some of the internships I've seen at consulting firms/large corporates sound great for WLB and a 6 figure job with pretty significant pay bumps with promotions.
This is crazy...
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