REPORT: Ross MBAs Earn All-Time High Median Salaries
Earlier this fall, Michigan Ross released its 2017 MBA and BBA Employment Reports, showcasing that 97 percent of the graduating MBA class had a job offer within six months of graduation.
ALL-TIME HIGH SALARIES AND BONUSES
Ross MBAs from the class of 2017 earned a median salary of $123,000, up from the $120,000 median salary earned by the previous year’s graduates.
The value of bonuses also increased. Graduates with job offers reported median other guaranteed compensation of $20,000, a 25 percent increase from the previous year.
Heather Byrne, managing director of the Career Development Office, talked to Poets & Quants about the strong showing from the 2017 graduating class.
“We are happy to see them build on the success of the prior year,” Byrne said. “We hit an all-time high for salary and bonus this year and an all-time high for students going into the tech industry, 23.6 percent this year versus 20.4 percent last year.”
MORE GRADS GET JOBS IN TECH
Indeed, consulting and technology careers were again among the top fields for MBA graduates, with more than 50 percent of the class accepting offers in those two industries. Additionally, more than 70 percent of MBA graduates accepted jobs on the East Coast, West Coast, or in Chicago, with almost one-third of the class accepting jobs on the West Coast.
TOP HIRING COMPANIES
And those jobs are at companies where students want to work. For our full-time MBAs, the top employers were some of the biggest, most desirable companies in the world.
|Company||Full-Time Offers||Internships||Total Hires|
|McKinsey & Company||28||8||36|
|The Boston Consulting Group||12||11||23|
In total, more than 90 companies hired Ross graduates from the class of 2017.