I am pleased to share the Employment Report for the MBA Class of 2022, which includes

internship data for the MBA Class of 2023.

The MBA Class of 2022 overcame unprecedented challenges to achieve exceptional results.
They accepted opportunities for impact and advancement across our top industries, with
96.6% receiving offers within three months of graduation.
The top four industries for the Class of 2022 were Consulting (31.2%), Technology (22.6%),
Finance (22.6%), and Healthcare/Pharma/Biotech (6.8%). Growth potential was the primary
reason (42.3%) graduates accepted their position.
Salaries trended upward in 2022, with the average base salary increasing 7.6% to $159,391,
and the median base salary increasing 10% to $165,000.
Signing bonus and other forms of expected compensation were strong contributors to total
employment packages. The median signing bonus was $30,000. Additionally, 62% of the
Class of 2022 received other compensation beyond a signing bonus. In this year’s report, we
feature a more detailed summary of other compensation, including that just over 25% of
graduates reported stock and equity compensation, with an average value of $121,527.
The MBA Class of 2023 interns chose roles in Finance (29.2%), Technology (26.5%), and
Consulting (22.2%). Healthcare/Pharma/Biotech (5.2%) was another key industry for
internship-seeking students, rounding out the top four industries.
Sloanies seek out opportunities for impact and transformation, and found those at both well-
established and high-growth organizations. The offers accepted by the Classes of 2022 and
2023 span 331 companies. While 49% of students accepted positions at employers who
hired three or more Sloanies; nearly 46% of the organizations that hired Sloanies this year did
so for the first time. The Classes of 2022 and 2023 accepted full-time and internship
opportunities at 83 startup-level companies; and 10.3% of graduates are starting a business.
The strength of these employment outcomes reflect the dedication of our faculty, students,
alumni, employers, and colleagues – our many partners across the MIT Sloan community who
create a uniquely Sloan experience through world-class curriculum, learning labs, centers and
initiatives, mentor programs, and professional development and networking activities. These
experiences create leaders who are prepared and energized to transform the future of
business. Thank you for your support!

Susan Brennan
Assistant Dean,
MIT Sloan Career Development Office

MIT SLOAN MBA EMPLOYMENT REPORT 2022-2023 | Page 2

EMPLOYERS HIRING MEMBERS OF THE MBA CLASSES OF 2022 AND 2023
500 Global BioMed Realty Dexcom GPR KKR & Co. Otter.ai Strategy&
8090 Partners Blackhorn Ventures DraftKings4 Great Southern Bank Komaza Oze Stripe
Abiomed BlackRock Dune Greenskies Clean Focus The Kraft Heinz Company PA Consulting Suffolk Technologies
Accenture The Blackstone Group Earnest Grip L.E.K. Consulting PACCAR Supply Change Capital
Activision Blizzard Bloccelerate VC The Ecosystem Integrity Fund Guggenheim Partners6 Lamastus Family Estates Pareto Holdings SV Investment
Adage Capital Management BlockTower Capital EDP Renewables H-E-B Grocery Lazard ParkMyFleet Symbolic Capital
Adobe Blue Origin* Educational Testing Service H.I.G. Capital LDV Partners Partners Group T. Rowe Price
Advent International Corp Boeing* Electric Hydrogen Harris Williams Lime PEN America Takeda Pharmaceuticals
AES Corporation BoostDraft Electronic Arts Health Advances Longpoint Realty Partners Permira Technical Toolboxes
Aetion The Boston Consulting Group3 Elevate Sports Ventures Heirloom Loomis, Sayles & Company Petiole Asset Management Tempus Labs
AlixPartners Boston Properties Emerald Development Hello Sunshine Manus Bio Philips Tesla
Alltrna Bowery Farming Managers HelloFresh Marathon Capital PIMCO Theator
Alnylam Pharmaceuticals The Brattle Group Endeavor Group Higo MarketForce Piper Sandler Thornburg Investment
Altana AI Braze Enveritas Hines Massachusetts Institute Plug and Play Management
Altura Capital Management The Bridgespan Group EQT Group Hippo Insurance of Technology7 Posaidon Capital Thread Innovation
Amazon*1 C3.ai Estée Lauder Companies H/L Ventures Massar Capital Management Potlikker Capital Thrive Capital
American Industrial Partners* Campus Esusu HLAB Material Bank PowerAdvocate Tifosy Capital & Advisory
Amgen* Capital One Etsy Homelight Maven Clinic PureTech Health Toast
Amplitude CARE International Eventellect Honeywell International McKinsey & Company Putnam Investments Trio New College Network
Analysis Group CarGurus Eventide Asset Management The Howard Hughes Medtronic Quaise Energy Trybe
Andreessen Horowitz2 Carta Evercore Corporation the melon Qualcomm Two Sigma Investments
AngelList Centerview Partners Everitas HUMAN The Memory Company RA Capital Management Uber
Anheuser-Busch InBev CENTRE.io EY-Parthenon HumanCo Mercury Fund Finance Redesign Health United States Department of
Anusarn Chiang Mai Company Chamberlain Advisors Falabella IBM Meta Redwood Materials Homeland Security
Anzu Partners Charles River Associates Fidelity Investments ICG Advisors Metrika The Related Companies Upstart Network
Apollo Group Management Chewy Fieldwire Impossible Foods MFS Investment Management Ribbon Health Urban Outfitters
Apple Cisco Fifth Wall In-Q-Tel Microsoft Rivian* Valor Capital Group
Arena Citadel Fireblocks Incredible Health Moderna Rover.com The Vanguard Group
Arete Citi FJ Labs Indeed Moelis & Company Ruggable Vanna Health
Asymmetry Group Clark Construction Group Flex Innospark Ventures MOLTEN Sage Analysis Group Verizon*
Atacama Biomaterials ClickUp Flexport Innovaccer Morgan Stanley SalioGen Therapeutics Verkada
Atomico Coinbase Floating Point Group International Finance Motional Sanofi Genzyme* Vitruvian Partners
AUA Private Equity Partners Coliseum Capital Management Flourish Ventures Corporation MyForest Foods Santini Group Vynamic
Autodesk CommandBar Fontinalis Partners Intuit Nasdaq Sardine Wasserman
Avelo Airlines connectRN Foothill Ventures Iterative Scopes New Balance Seaya Wayfair
Axelar Network Context Labs Ford Motor Company Jefferies Next Insurance ServiceNow Wellington Management
Bain & Company Convergent Energy + Power Forgepoint Capital Johnson & Johnson* NextEra Energy* Seso Company
Bain Capital Core Innovation Capital Franklin Templeton JP Morgan Chase & Co. Nike* Shima Capital The World Bank
Bank of America Merrill Lynch Cornerstone Research Funnel Kairos Power Norwest Venture Partners Sigma Computing Wreno
Barclays CPP Investments Genentech Kalepa Notion Skupos WSP
Bear Robotics Cresta Intelligence General Catalyst Partners Kapor Capital Novo Nordisk Snap Inc. YellowHeart
Bechtel Enterprises Current General Mills Kasa Living NVIDIA Corporation Sony Zeal Capital Partners
The Bessemer Group Danaher Corporation Gilded KAUST Investment Oak Street Health SpaceX Zillow Group
Best Buy Darby Ginkgo Bioworks Management Company Octopus Ventures Splunk Technology Zoox
Bevi Datafold Glassdoor Kayne Anderson Capital Oliver Wyman Spotify Zus Health
Binti Deeplite Glasswing Ventures Advisors Oneshot.Earth Square
Biobot Analytics Dell Technologies Goldman Sachs Kearney OpenStore Stavvy
Biogen Deloitte Consulting Good Jobs Institute KIMC US Optum Stellaris Venture Partners
BioMarin Pharmaceutical DevRev Google5 Kintsugi Orizon Aerostructures* Store No. 8
1 Amazon includes AWS.
2 Andreessen Horowitz includes a16z.
3 The Boston Consulting Group includes BCG Digital Ventures. Red = Employers hiring three or more MIT Sloan MBA students for full-time and/or summer positions.
4 DraftKings includes Drive. *LGO Partner during the 2021-2022 academic year.
5 Google includes YouTube and Google X.
6 Guggenheim Partners includes Guggenheim Securities.
7 Massachusetts Institute of Technology includes Media Lab and DHive.
MIT SLOAN MBA EMPLOYMENT REPORT 2022-2023 | Page 3
MBA CLASS OF 2022
FULL-TIME EMPLOYMENT HIGHLIGHTS
JOB OFFERS

96.6% RECEIVED FULL-TIME OFFERS WITHIN

THREE MONTHS OF GRADUATION

TOP INDUSTRIES

Consulting 31.2%
SALARY SUMMARY
Finance 22.6%
MEAN BASE SALARY
Technology 22.6%
$159,391
Healthcare/ $62K $270K
6.8% Minimum Maximum
Pharma/Biotech $165,000
base salary base salary
MEDIAN BASE SALARY
TOP OFFER SOURCE

OF ACCEPTED FULL-TIME OFFERS WERE

41.4% SIGNING BONUS
RETURN OFFERS FROM THEIR SUMMER
INTERNSHIP EMPLOYER
$30K MEDIAN SIGNING BONUS

OF STUDENTS ACCEPTING AN OFFER

TOP REASON FOR ACCEPTING POSITION 70.6% AND PROVIDING USABLE SALARY DATA2
REPORTED RECEIVING A SIGNING BONUS
42.3% GROWTH POTENTIAL 2 93.5% of students accepting an offer provided usable salary data.

MIT SLOAN MBA EMPLOYMENT REPORT 2022-2023 | Page 4

MBA CLASS OF 2022 FULL-TIME PROFILE DATA

CLASS PROFILE1
Number of Candidates 484

U.S. Citizens/Permanent Residents 67%

Underrepresented Minorities2 20%

Non-U.S. Citizens 33%

Women 38%

Median GMAT Score 720

Average Undergraduate GPA (out of 4.0) 3.54

TOP EMPLOYERS OF
Average Years Full-Time Work Experience Prior to MIT Sloan 5
MBA CLASS OF 2022 3
1 Class profile, as of matriculation, includes information for MBA students and students
in the joint MBA/Leaders for Global Operations program. # OF HIRES
2 As a percentage of U.S. Citizens/Permanent Residents.
The Boston Consulting Group 47

EMPLOYMENT PROFILE McKinsey & Company 21

Amazon 18
COUNT % OF CLASS
Google 12
Total 476 100%

Seeking 358 75.2%

Bain & Company 11

Not Seeking 118 24.8%

Goldman Sachs 8

Sponsored and Returning 62 13% Capital One 5

Starting a Business 49 10.3% Deloitte Consulting 5

Continuing Education 4 0.9% Amgen 4

Postponing a Job Search 2 0.4% Apple 4

Other 1 0.2% 3 Grouped by parent company. Includes only accepted offers from
seeking population. Sponsored and returning are not included.

MIT SLOAN MBA EMPLOYMENT REPORT 2022-2023 | Page 5

MBA CLASS OF 2022 FULL-TIME BASE SALARY BY INDUSTRY
INDUSTRY TOP INDUSTRIES
% MEAN MEDIAN LOW HIGH 2022
Auto/Aerospace 3.3% $151,727 $160,000 $97,000 $180,000
Consulting 31.2% $175,608 $175,000 $62,000 $245,000 31.2%

Energy 2.0% $142,143 $150,000 $115,000 $165,000 22.6% 22.6%

Consulting
Finance 22.6% $163,386 $170,000 $90,000 $270,000 Technology4
Diversified Financial Services 2.4% $166,250 $166,500 $150,000 $181,000 Finance
FinTech 1.5% $157,000 $160,000 $140,000 $175,000
Investment Banking/Brokerage 6.5% $172,955 $175,000 $150,000 $185,000
Investment Management 3.6% $165,909 $170,000 $130,000 $200,000 2021
Private Equity 4.2% $156,492 $155,000 $105,000 $225,000
28.3%
Venture Capital 4.4% $151,750 $140,000 $90,000 $270,000 25.0%
21.4%
Healthcare/Pharma/Biotech 6.8% $150,750 $145,000 $130,000 $190,000 Consulting
Media/Entertainment/Sports 2.0% $135,000 $137,500 $120,000 $145,000 Technology4
Retail/CPG 3.6% $140,100 $141,000 $95,200 $185,000 Finance
Technology 22.6% $148,851 $150,000 $67,000 $215,000
Computers/Electronics/Telecom 3.3% $151,900 $152,500 $104,000 $180,000
Software/Internet 19.3% $148,316 $150,000 $67,000 $215,000 2020
Other Manufacturing Industries1 2.0% $145,000 $140,000 $120,000 $190,000 31.1%
1.8% $130,500 27.6%
Other Service Industries2 $125,000 $100,000 $172,000
Other 2.1% $124,757 $132,000 $91,000 $150,000 18.5%
Consulting
Education 0.3% -3 - - - Technology4
Government 0.6% -3 - - - Finance
Nonprofit 1.2% $122,750 $132,500 $91,000 $135,000
1 Other Manufacturing includes AgriTech and Diversified Manufacturing.
2 Other Service includes Real Estate. 4 Technologyincludes Software/Internet,
3 Dash indicates fewer than three people or less than 1% reported salary information.
Computers/Electronics, and
Telecommunications.
MIT SLOAN MBA EMPLOYMENT REPORT 2022-2023 | Page 6
MBA CLASS OF 2022 FULL-TIME BASE SALARY BY FUNCTION
FUNCTION
% MEAN MEDIAN LOW HIGH
Business Analytics 2.4% $154,300 $150,000 $141,000 $175,000
Business Development 5.0% $144,776 $145,000 $95,200 $190,000
Consulting/Strategic Planning 38.3% $169,864 $175,000 $62,000 $245,000
Finance 18.1% $164,347 $172,000 $90,000 $270,000
Asset Management/Portfolio Management 3.3% $166,500 $160,000 $150,000 $200,000
Investment Banking 5.3% $176,389 $175,000 $150,000 $185,000
Private Equity 4.1% $158,031 $155,000 $105,000 $225,000
Venture Capitalist 3.9% $152,100 $127,500 $90,000 $270,000
Other Finance1 1.5% $157,609 $135,000 $140,000 $172,000
Leadership Development Program/General Management 5.3% $139,714 $140,000 $120,000 $155,000
Marketing2 2.4% $147,000 $145,000 $116,000 $179,000
Operations/Project Management3 9.8% $146,484 $145,000 $95,000 $190,000
Product Management/Development 17.8% $152,366 $155,000 $67,000 $215,000
Other Function4 0.9% -5 - - -
1 Other Finance includes Research, Corporate Finance/Treasury and Unspecified Finance. 4 Other Function includes Engineering and HR.
2 Marketing includes Product Marketing and Sales. 5 Dash indicates fewer than three people or less than 1% reported salary information.
3 Operations/Project Management includes Supply Chain.

TOP FUNCTIONS
2022 2021 2020
Consulting/ Consulting/ Consulting/
Strategic Planning 38.3% Strategic Planning Strategic Planning 39.7%
34.8%
Finance Finance Finance
22.3%
Product Management/ 18.1% 17.8%
Product Management/ Product Management/
Development Development 13.2% 13.2%
Development 16.7% 16.7%
9.8% 12.4%
Operations/ Operations/ Operations/
Project Management Project Management Project Management

MIT SLOAN MBA EMPLOYMENT REPORT 2022-2023 | Page 7

MBA CLASS OF 2022 FULL-TIME BASE SALARY BY GEOGRAPHIC LOCATION
REGION
% MEAN MEDIAN LOW HIGH
NORTH AMERICA 94.6% $161,369 $165,000 $80,000 $270,000
United States 94.0% $161,763 $165,000 $80,000 $270,000
MIDATLANTIC 6.8% $153,150 $157,500 $106,000 $190,000
Washington DC Metro 4.7% $152,020 $160,000 $106,000 $190,000
MIDWEST 3.3% $158,636 $175,000 $100,000 $190,000
Chicago Metro 2.1% $157,143 $175,000 $100,000 $190,000
NORTHEAST 53.7% $164,363 $171,000 $91,000 $270,000
Boston Metro 25.2% $159,244 $163,500 $91,000 $190,000
NYC Metro 26.4% $169,543 $175,000 $114,000 $270,000
SOUTH 5.3% $152,294 $159,000 $80,000 $190,000
Miami Metro 2.1% $150,000 $175,000 $80,000 $190,000
Atlanta Metro 0.9% - - - -
SOUTHWEST 5.9% $161,155 $175,000 $104,000 $200,000
WEST 19.0% $161,156 $165,000 $97,000 $190,000
Los Angeles Metro 3.3% $157,465 $160,110 $97,000 $190,000
SF Bay Area 11.3% $165,869 $166,500 $132,000 $190,000
Seattle Metro 3.0% $152,850 $144,500 $132,500 $190,000
Canada 0.3% -1 - - -
Mexico 0.3% -1 - - -
ASIA 1.2% $91,115 $100,000 $68,346 $105,000
AFRICA 0.3% -1 - - -
EUROPE 3.0% $140,489 $135,000 $90,000 $200,000
LATIN AMERICA 0.3% -1 - - -
MIDDLE EAST 0.3% -1 - - -
OCEANIA 0.3% -1 - - -
1 Dash indicates fewer than three people or less than 1% reported salary information.

MIT SLOAN MBA EMPLOYMENT REPORT 2022-2023 | Page 8

MBA CLASS OF 2022 FULL-TIME SIGNING BONUS AND OTHER COMPENSATION
SIGNING BONUS BY JOB FUNCTION
% MEAN MEDIAN LOW HIGH
Business Analytics 50.0% $22,500 $25,000 $10,000 $30,000
Business Development 52.9% $15,278 $15,000 $2,000 $35,000
Consulting/Strategic Planning 77.5% $31,090 $30,000 $4,500 $125,000
Finance 52.5% $47,785 $50,000 $10,000 $88,125
Asset Management/Portfolio Management 72.7% $38,750 $50,000 $10,000 $60,000
Investment Banking 88.9% $56,313 $58,500 $40,000 $80,000
Private Equity 28.6% $36,250 $30,000 $15,000 $70,000
Venture Capitalist 7.7% -1 - - -
Other Finance 60.0% $47,708 $30,000 $25,000 $88,125

Leadership Development Program/General Management 66.7% $45,417 $32,500 $5,000 $160,000

Marketing 50.0% $36,250 $35,000 $30,000 $45,000

Operations/Project Management 63.6% $44,488 $35,000 $2,500 $93,000
Product Management/Development 63.3% $47,337 $32,500 $5,000 $156,000
Other Function2 100.0% $11,167 $7,500 $6,000 $20,000
1 Dash indicates fewer than three people or less than 1% reported salary information.
2 Other Function includes Engineering and HR.

OTHER COMPENSATION
% REPORTING MEAN MEDIAN LOW HIGH
Total 62.0% $74,021 $30,000 $1,500 $805,000
Relocation/Moving Expenses 42.7% $11,469 $10,000 $1,500 $34,000
Stock and Equity3 25.3% $121,527 $103,000 $1,300 $800,000
Tuition Reimbursement 4.7% $35,667 $30,000 $2,500 $160,000
Other Expected Compensation4 15.2% $56,304 $30,000 $4,500 $210,000
3 Stock and Equity is collected as a single, total estimated value in USD based on valuation and/or share price at time of survey.
4 Other Expected Compensation is the total USD estimated value of other expected compensation that falls outside the standard categories. Includes housing subsidies, continuing education
stipend and end-of-year expected bonus.

MIT SLOAN MBA EMPLOYMENT REPORT 2022-2023 | Page 9

MBA CLASS OF 2022 FULL-TIME OFFER SOURCE AND REASON FOR ACCEPTING OFFER

TIMING OF JOB OFFERS

THREE MONTHS
AT GRADUATION 69.1% 30.9%
AFTER GRADUATION
SCHOOL STUDENT
91.3% 96.6% FACILITATED FACILITATED

TIMING OF JOB ACCEPTANCES

THREE MONTHS OFFER SOURCE
AT GRADUATION
AFTER GRADUATION
%
83.8% 94.4%
School Facilitated 69.1%

REASON ACCEPTED Summer Internship — School Facilitated 35.5%

Job Postings (MIT or Sloan) 13.0%
%
LGO 6.5%
Growth Potential 42.3% Interviews through On-campus Recruiting 3.7%

Job Function 15.1% MIT/Sloan Sponsored Events 2.8%

Alumni 2.4%
Industry 13.5%
Faculty/CDO/Sloan Student Referral 2.4%
People/Corporate Culture 11.9% Resume database, resume referrals 1.9%

Prestige of Firm 5.1% Club Event 0.6%

Action Learning Labs 0.3%
Compensation 4.2%
Student Facilitated 30.9%
Commitment to Sustainability 2.9% Personal Network 13.0%

Commitment to Social Impact 1.9% Contacted Directly 5.9%

Summer Internship — Student Facilitated 5.9%
Location 1.9%
Online Job Postings 4.9%
Other 1.2% Previous Employer 1.2%

MIT SLOAN MBA EMPLOYMENT REPORT 2021-2022 | Page 10

MBA CLASS OF 2023 INTERNSHIP EMPLOYMENT DATA

CLASS PROFILE1

Number of Candidates 450

U.S. Citizens/Permanent Residents 57%

Underrepresented Minorities2 23%

Non-U.S. Citizens 43%

Women 44%
TOP EMPLOYERS OF
Median GMAT Score 730 MBA CLASS OF 2023 INTERNS4

Average Undergraduate GPA (out of 4.0) 3.59 # OF HIRES

Average Years Full-Time Work Experience Prior to MIT Sloan 5 The Boston Consulting Group 26
1 Class profile, as of matriculation, includes information for MBA students and students in Amazon 25
the joint MBA/Leaders for Global Operations program.
2 As a percentage of U.S. Citizens/Permanent Residents. McKinsey & Company 25
Bain & Company 15
EMPLOYMENT PROFILE
Apple 8
COUNT % OF CLASS
Goldman Sachs 8
Total 458 100%
Google 5
Seeking 344 75.1%
Adobe 3
Not Seeking 114 24.9%
Facebook 3
3
LGO 56 12.2%
Morgan Stanley 3
Starting a Business 34 7.4%
NVIDIA Corporation 3
Sponsored and Returning 13 2.8%
Nasdaq 3
Continuing Education 1 0.2%
Valor Capital Group 3
Other 10 2.3% 4 Grouped by parent company. Includes only accepted offers from
3 First-year LGOs complete internships with LGO partner companies. the seeking population. Sponsored and returning are not included.

MIT SLOAN MBA EMPLOYMENT REPORT 2022-2023 | Page 11

MBA CLASS OF 2023 INTERNSHIP MONTHLY BASE SALARY BY INDUSTRY
INDUSTRY TOP INDUSTRIES
% MEAN MEDIAN LOW HIGH 2022
Auto/Aerospace 1.2% $7,625 $6,700 $5,600 $11,500 29.2%
26.5%
Consulting 22.2% $12,964 $14,500 $3,500 $20,000
22.2%
Energy 3.5% $7,217 $7,275 $3,000 $11,250
Finance
Finance 29.2% $9,721 $9,250 $2,000 $20,833
Technology4
Diversified Financial Services 1.7% $9,411 $8,000 $7,200 $13,160
Consulting
FinTech 2.4% $7,171 $7,800 $2,500 $10,000

Investment Banking/Brokerage 7.3% $12,421 $14,500 $6,000 $15,417

2021
Investment Management 5.5% $12,315 $13,000 $8,000 $15,167

Private Equity 1.5% $12,594 $13,200 $10,000 $14,583 26.2% 25.6%

Venture Capital 10.8% $7,560 $7,000 $2,000 $20,833 21.0%

Healthcare/Pharma/Biotech 5.2% $7,880 $8,500 $2,000 $11,266 Finance

Media/Entertainment/Sports 1.2% $4,089 $3,467 $2,400 $6,400 Technology4

Consulting
Retail/CPG 4.1% $8,695 $8,800 $6,400 $12,133

Technology 26.5% $9,859 $9,583 $2,800 $20,000

Computers/Electronics/Telecom 4.3% $9,214 $9,280 $3,150 $13,000

2020

Software/Internet 22.2% $10,006 $9,683 $2,800 $20,000 26.6%

25.1%
Other Manufacturing Industries1 3.2% $8,700 $8,500 $8,000 $10,000
16.9%
Other Service Industries2 1.7% $6,816 $7,200 $4,800 $8,000
Finance
Other 2.0% $2,360 $2,600 $1,200 $4,000 Technology4
Education 0.8% -3 - - - Consulting
Nonprofit 1.2% $3,133 $2,800 $2,600 $4,000
4 Technology includes Software/Internet,
1 Other Manufacturing includes AgriTech, and Diversified Manufacturing.
2 Other Service includes Real Estate.
Computers/Electronics, and
3 Dash indicates fewer than three or less than 1% unique salary data points.
Telecommunications.

MIT SLOAN MBA EMPLOYMENT REPORT 2022-2023 | Page 12

MBA CLASS OF 2023 INTERNSHIP MONTHLY BASE SALARY BY FUNCTION
FUNCTION
% MEAN MEDIAN LOW HIGH

Business Analytics 1.5% $7,875 $8,834 $4,300 $9,533

Business Development 8.0% $7,157 $7,000 $1,200 $13,000

Consulting/Strategic Planning 30.0% $11,787 $13,650 $1,200 $20,000

Finance 29.4% $9,760 $9,500 $2,000 $20,833

Asset Management/Portfolio Management 4.5% $11,580 $13,000 $3,000 $15,167
Corporate Finance/Treasury 2.4% $8,503 $8,710 $6,100 $9,800
Investment Banking 5.6% $13,863 $14,500 $7,330 $15,417
Private Equity 1.8% $12,594 $13,200 $10,000 $14,583
Venture Capitalist 11.3% $7,737 $7,000 $2,000 $20,833
Other Finance1 3.8% $8,597 $9,000 $4,000 $13,000
Leadership Development Program/General Management 1.5% $9,428 $9,497 $8,800 $9,917

Marketing2 3.6% $8,582 $8,000 $2,400 $20,000

Operations/Project Management3 7.4% $9,050 $8,750 $6,400 $12,500

Product Management/Development 17.8% $9,697 $9,666 $3,467 $20,000

Other Function4 0.8% -5 - - -

1 Other Finance includes Research and Unspecified Finance. 3 Operations/Project Management includes Supply Chain. 5 Dash indicates fewer than three people or less
2 Marketing includes Product Marketing and Sales. 4 Other Function includes Engineering and HR. than 1% reported salary information.

TOP FUNCTIONS 2022 2021 2020

30.0% 29.4% 29.1%
26.5% Consulting/ 25.6% 25.6%
Consulting/ Consulting/
Strategic Planning Strategic Planning Strategic Planning
18.9%
Finance 17.8% Finance 16.3% Finance
Product Management/ Product Management/ 11.5% Product Management/
Development 8.0% Development Development 7.7%
Business Development Operations/ Operations/
Project Management Project Management

MIT SLOAN MBA EMPLOYMENT REPORT 2022-2023 | Page 13

MBA CLASS OF 2023 INTERNSHIP MONTHLY BASE SALARY BY GEOGRAPHIC LOCATION

REGION
% MEAN MEDIAN LOW HIGH
NORTH AMERICA 92.0% $10,164 $9,917 $1,200 $20,833
United States 91.4% $10,185 $9,917 $1,200 $20,833
MIDATLANTIC 5.9% $10,984 $12,653 $2,500 $15,167
Washington DC Metro 5.3% $10,591 $11,253 $2,500 $15,167
MIDWEST 2.7% $11,954 $12,500 $7,000 $14,583
Chicago Metro 1.8% $11,417 $12,500 $7,000 $14,500
NORTHEAST 44.2% $10,049 $9,558 $1,200 $20,833
Boston Metro 27.4% $9,488 $8,800 $1,200 $15,000
NYC Metro 14.7% $11,293 $12,000 $3,150 $20,833
SOUTH 4.1% $11,696 $11,260 $8,000 $14,583
Atlanta Metro 1.5% $13,021 $13,250 $11,000 $14,583
Miami Metro 1.8% $10,962 $10,635 $8,000 $14,500
SOUTHWEST 4.4% $9,407 $9,400 $4,000 $14,800
WEST 30.1% $9,966 $9,583 $3,467 $20,000
Los Angeles Metro 2.4% $7,924 $8,000 $3,467 $15,000
SF Bay Area 17.4% $10,005 $9,375 $4,800 $20,000
Seattle Metro 8.3% $10,795 $10,200 $8,000 $15,000
Mexico 0.6% -1 - - -
ASIA 4.1% $8,522 $10,000 $2,000 $11,000
EUROPE 1.8% $9,336 $9,600 $7,330 $11,250
LATIN AMERICA 1.2% $5,333 $5,700 $4,300 $6,000
AFRICA 0.9% -1 - - -
1 Dash indicates fewer than three people or less than 1% reported salary information.

MIT SLOAN MBA EMPLOYMENT REPORT 2022-2023 | Page 14

MBA CLASS OF 2023 OFFER SOURCE AND REASON FOR ACCEPTING OFFER

70.9% 28.8%
SCHOOL STUDENT
FACILITATED FACILITATED

OFFER SOURCE REASON ACCEPTED

% Job Function 27.3%
School Facilitated 70.9%
Growth Potential 25.7%
Job Postings (MIT or Sloan) 31.0%
Industry 19.3%
Interviews through On-campus Recruiting 11.3%

Faculty/CDO/Sloan Student Referral 7.7% People/Corporate Culture 7.7%

MIT/Sloan Sponsored Events 7.4% Prestige of Firm 7.3%

Resume database, resume referrals 4.3%
Commitment to Sustainability 3.7%
Alumni 3.4%

Club Event 2.8% Commitment to Social Impact 3.7%

Trust Center 0.6% Compensation 2.3%

Other School Facilitated 2.4%
Location 2.0%
Student Facilitated 28.8%
Other 1.0%
Personal Network 11.6%

Contacted Directly 8.6%

Online Job Postings 7.7%

Previous Employer 0.9%

Other 0.3%

MIT SLOAN MBA EMPLOYMENT REPORT 2022-2023 | Page 15

NONDISCRIMINATION POLICY: COMMITMENT TO EQUAL OPPORTUNITY
The Massachusetts Institute of Technology is committed to the principle of equal opportunity in education and employment. The Institute prohibits
discrimination against individuals on the basis of race, color, sex, sexual orientation, gender identity, pregnancy, religion, disability, age, genetic information,
veteran status, national or ethnic origin in the administration of its educational policies, admissions policies, employment policies, scholarship and loan
programs, and other Institute administered programs and activities; the Institute, however, may favor US citizens or residents in admissions and financial aid.*
The Vice President for Human Resources is designated as the Institute’s Equal Opportunity Officer. Inquiries concerning the Institute’s policies, compliance
with applicable laws, statutes, and regulations, and complaints may be directed to Ramona Allen, Vice President for Human Resources, Building NE49-5000,
617-324-5675. In addition, inquiries about Title IX (which prohibits discrimination on the basis of sex) may be directed to the Institute’s Title IX coordinator,
Sarah Rankin, Room W31-223, 617-324-7526, idhr@mit.edu. Information about the grievance procedures and process for discrimination and discriminatory
harassment, including how to report or file a complaint of sex discrimination, how to report or file a formal complaint of sexual harassment, and how MIT will
respond is available at idhr.mit.edu. Inquiries about the laws and about compliance may also be directed to the US Department of Education, Office for Civil
Rights, Region I, 5 Post Office Square, 8th Floor, Boston, MA 02109-3921, 617-289-0111, OCR.Boston@ed.gov.
*TheROTC programs at MIT are operated under Department of Defense (DoD) policies and regulations, and do not comply fully with MIT’s policy of
nondiscrimination with regard to gender identity. MIT continues to advocate for a change in DoD policies and regulations concerning gender identity, and is
committed to providing alternative financial assistance under a needs-based assessment to any MIT student who loses ROTC financial aid because of these
DoD policies and regulations.

ACCURACY IN REPORTING EMPLOYMENT STATISTICS

The MIT Sloan School of Management adheres to the MBA Career Services & Employer Alliance
(MBA CSEA) Standards for Reporting MBA Employment Statistics (mbacsea.org). Conformance to
this business school industry standard ensures accurate and comparable employment data.
Currently, the majority of the leading MBA programs adhere to these accepted reporting standards.
MIT Sloan takes a leadership role to promote the importance of accurate and comparable
employment and salary statistics to prospective students and employers.

MIT SLOAN MBA EMPLOYMENT REPORT 2022-2023