Photograph by Steve Dunwell/Getty Images

Top B-Schools for MBA Pay

  1. What's Your MBA Worth?
    1

    What's Your MBA Worth?

    Over the course of a career, what's an MBA worth? A lot depends on what you studied, where you studied, and of course the career you pursued. But to give you a rough idea, Bloomberg Businessweek asked PayScale to crunch the numbers. What follows isn't a prediction but a look at the median cash compensation (salary and bonus) earned by graduates of our top-ranked U.S. MBA programs who received their degrees over the past 20 years. On average, graduates of all 57 programs earned about $2.4 million over the two decades, or $122,513 a year. The graduates of the 10 programs with the highest earnings took home nearly $3.2 million apiece, or $159,122 a year, while the remaining 47 schools averaged $2.3 million, or $114,724 a year.

    Methodology Note: The salary data in this slide show were supplied by PayScale, which collects them from individuals through online pay-comparison tools. For each school, PayScale tallied the median cash compensation—including base pay and bonuses, while excluding stock and options—for MBA graduates at five points in their careers. Years of experience includes pre-MBA experience, and individual categories include MBAs with more or less experience. The data are based on a sample of 29,000 MBA graduates from the 57 top schools; most median figures shown represent approximately 200 to 1,000 actual salaries per school. Using the median salaries and average annual growth rates for each school, Bloomberg Businessweek calculated a rough estimate of earnings over the entire 20-year period.

    Photograph by Steve Dunwell/Getty Images
  2. 1. Harvard University
    2

    1. Harvard University

    Harvard Business School
    Median Cash Compensation:
    Less Than 2 Years Experience: $122,000
    5 Years' Experience: $136,000
    10 Years' Experience: $169,000
    15 Years' Experience: $217,000
    20 Years' Experience: $224,000
    Career Total: $3,639,643

    Harvard Full-Time MBA Profile

  3. 2. University of Pennsylvania
    3

    2. University of Pennsylvania

    Wharton School
    Median Cash Compensation:
    Less Than 2 Years Experience: $123,000
    5 Years' Experience: $146,000
    10 Years' Experience: $164,000
    15 Years' Experience: $181,000
    20 Years' Experience: $214,000
    Career Total: $3,460,707

    Wharton Full-Time MBA Profile

  4. 3. Stanford University
    4

    3. Stanford University

    Graduate School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $123,000
    5 Years' Experience: $129,000
    10 Years' Experience: $166,000
    15 Years' Experience: $187,000
    20 Years' Experience: $220,000
    Career Total: $3,432,013

    Stanford Full-Time MBA Profile

  5. 4. Columbia University
    5

    4. Columbia University

    Columbia Business School
    Median Cash Compensation:
    Less Than 2 Years Experience: $111,000
    5 Years' Experience: $117,000
    10 Years' Experience: $149,000
    15 Years' Experience: $187,000
    20 Years' Experience: $191,000
    Career Total: $3,164,298

    Columbia Full-Time MBA Profile

  6. 5. Dartmouth College
    6

    5. Dartmouth College

    Tuck School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $121,000
    5 Years' Experience: $128,000
    10 Years' Experience: $147,000
    15 Years' Experience: $170,000
    20 Years' Experience: $174,000
    Career Total: $3,107,417

    Tuck Full-Time MBA Profile

  7. 6. Northwestern University
    7

    6. Northwestern University

    Kellogg School of Management
    Median Cash Compensation:
    Less Than 2 Years Experience: $113,000
    5 Years' Experience: $119,000
    10 Years' Experience: $139,000
    15 Years' Experience: $167,000
    20 Years' Experience: $204,000
    Career Total: $3,069,620

    Kellogg Full-Time MBA Profile

  8. 7. Massachusetts Institute of Technology
    8

    7. Massachusetts Institute of Technology

    Sloan School of Management
    Median Cash Compensation:
    Less Than 2 Years Experience: $120,000
    5 Years' Experience: $125,000
    10 Years' Experience: $143,000
    15 Years' Experience: $165,000
    20 Years' Experience: $169,000
    Career Total: $3,029,653

    Sloan Full-Time MBA Profile

  9. 8. University of Chicago
    9

    8. University of Chicago

    Booth School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $110,000
    5 Years' Experience: $115,000
    10 Years' Experience: $137,000
    15 Years' Experience: $156,000
    20 Years' Experience: $215,000
    Career Total: $3,004,828

    Booth Full-Time MBA Profile

  10. 9. University of California, Berkeley
    10

    9. University of California, Berkeley

    Haas School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $114,000
    5 Years' Experience: $117,000
    10 Years' Experience: $141,000
    15 Years' Experience: $167,000
    20 Years' Experience: $171,000
    Career Total: $2,976,382

    Haas Full-Time MBA Profile

  11. 10. Yale University
    11

    10. Yale University

    Yale School of Management
    Median Cash Compensation:
    Less Than 2 Years Experience: $101,000
    5 Years' Experience: $125,000
    10 Years' Experience: $144,000
    15 Years' Experience: $156,000
    20 Years' Experience: $172,000
    Career Total: $2,939,871

    Yale Full-Time MBA Profile

  12. 11. University of Virginia
    12

    11. University of Virginia

    Darden School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $97,300
    5 Years' Experience: $108,000
    10 Years' Experience: $142,000
    15 Years' Experience: $166,000
    20 Years' Experience: $191,000
    Career Total: $2,937,835

    Darden Full-Time MBA Profile

  13. 12. Duke University
    13

    12. Duke University

    Fuqua School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $102,000
    5 Years' Experience: $104,000
    10 Years' Experience: $131,000
    15 Years' Experience: $159,000
    20 Years' Experience: $170,000
    Career Total: $2,781,032

    Fuqua Full-Time MBA Profile

  14. 13. New York University
    14

    13. New York University

    Stern School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $94,400
    5 Years' Experience: $102,000
    10 Years' Experience: $129,000
    15 Years' Experience: $158,000
    20 Years' Experience: $176,000
    Career Total: $2,750,304

    Stern Full-Time MBA Profile

    Photograph by Will Halsey/Bloomberg Businessweek
  15. 14. Cornell University
    15

    14. Cornell University

    Johnson Graduate School of Management
    Median Cash Compensation:
    Less Than 2 Years Experience: $94,600
    5 Years' Experience: $97,400
    10 Years' Experience: $129,000
    15 Years' Experience: $158,000
    20 Years' Experience: $180,000
    Career Total: $2,738,723

    Johnson Full-Time MBA Profile

  16. 15. Carnegie Mellon University
    16

    15. Carnegie Mellon University

    Tepper School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $97,900
    5 Years' Experience: $101,000
    10 Years' Experience: $130,000
    15 Years' Experience: $151,000
    20 Years' Experience: $158,000
    Career Total: $2,673,352

    Tepper Full-Time MBA Profile

  17. 16. University of California, Los Angeles
    17

    16. University of California, Los Angeles

    Anderson School of Management
    Median Cash Compensation:
    Less Than 2 Years Experience: $98,200
    5 Years' Experience: $103,000
    10 Years' Experience: $129,000
    15 Years' Experience: $140,000
    20 Years' Experience: $171,000
    Career Total: $2,662,331

    Anderson Full-Time MBA Profile

  18. 17. University of Michigan
    18

    17. University of Michigan

    Ross School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $102,000
    5 Years' Experience: $104,000
    10 Years' Experience: $121,000
    15 Years' Experience: $141,000
    20 Years' Experience: $157,000
    Career Total: $2,604,044

    Ross Full-Time MBA Profile

  19. 18. Emory University
    19

    18. Emory University

    Goizueta Business School
    Median Cash Compensation:
    Less Than 2 Years Experience: $90,400
    5 Years' Experience: $94,400
    10 Years' Experience: $116,000
    15 Years' Experience: $153,000
    20 Years' Experience: $164,000
    Career Total: $2,573,954

    Goizueta Full-Time MBA Profile

  20. 19. Vanderbilt University
    20

    19. Vanderbilt University

    Owen Graduate School of Management
    Median Cash Compensation:
    Less Than 2 Years Experience: $86,400
    5 Years' Experience: $95,300
    10 Years' Experience: $113,000
    15 Years' Experience: $153,000
    20 Years' Experience: $168,000
    Career Total: $2,562,743

    Owen Full-Time MBA Profile

  21. 20. Georgetown University
    21

    20. Georgetown University

    McDonough School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $90,800
    5 Years' Experience: $101,000
    10 Years' Experience: $114,000
    15 Years' Experience: $146,000
    20 Years' Experience: $160,000
    Career Total: $2,552,660

    McDonough Full-Time MBA Profile

  22. 21. Notre Dame University
    22

    21. Notre Dame University

    Mendoza College of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $77,200
    5 Years' Experience: $96,100
    10 Years' Experience: $121,000
    15 Years' Experience: $150,000
    20 Years' Experience: $162,000
    Career Total: $2,546,294

    Mendoza Full-Time MBA Profile

  23. 22. University of North Carolina, Chapel Hill
    23

    22. University of North Carolina, Chapel Hill

    Kenan-Flagler Business School
    Median Cash Compensation:
    Less Than 2 Years Experience: $92,600
    5 Years' Experience: $95,700
    10 Years' Experience: $110,000
    15 Years' Experience: $147,000
    20 Years' Experience: $157,000
    Career Total: $2,506,915

    Kenan-Flagler Full-Time MBA Profile

  24. 23. University of Southern California
    24

    23. University of Southern California

    Marshall School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $81,800
    5 Years' Experience: $95,900
    10 Years' Experience: $115,000
    15 Years' Experience: $139,000
    20 Years' Experience: $165,000
    Career Total: $2,484,016

    Marshall Full-Time MBA Profile

  25. 24. University of Texas, Austin
    25

    24. University of Texas, Austin

    McCombs School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $79,900
    5 Years' Experience: $91,800
    10 Years' Experience: $115,000
    15 Years' Experience: $138,000
    20 Years' Experience: $164,000
    Career Total: $2,449,480

    McCombs Full-Time MBA Profile

  26. 25. Rice University
    26

    25. Rice University

    Jones Graduate School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $82,000
    5 Years' Experience: $98,500
    10 Years' Experience: $120,000
    15 Years' Experience: $136,000
    20 Years' Experience: $140,000
    Career Total: $2,434,747

    Jones Full-Time MBA Profile

  27. 26. Boston University
    27

    26. Boston University

    School of Management
    Median Cash Compensation:
    Less Than 2 Years Experience: $74,500
    5 Years' Experience: $82,300
    10 Years' Experience: $106,000
    15 Years' Experience: $143,000
    20 Years' Experience: $155,000
    Career Total: $2,337,482

    Boston Full-Time MBA Profile

  28. 27. Georgia Institute of Technology
    28

    27. Georgia Institute of Technology

    College of Management
    Median Cash Compensation:
    Less Than 2 Years Experience: $79,200
    5 Years' Experience: $82,000
    10 Years' Experience: $103,000
    15 Years' Experience: $141,000
    20 Years' Experience: $157,000
    Career Total: $2,331,195

    Georgia Tech Full-Time MBA Profile

  29. 28. Babson College
    29

    28. Babson College

    Olin Graduate School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $75,100
    5 Years' Experience: $87,100
    10 Years' Experience: $112,000
    15 Years' Experience: $136,000
    20 Years' Experience: $144,000
    Career Total: $2,327,542

    Olin Full-Time MBA Profile

  30. 29. Purdue University
    30

    29. Purdue University

    Krannert School of Management
    Median Cash Compensation:
    Less Than 2 Years Experience: $73,600
    5 Years' Experience: $89,300
    10 Years' Experience: $114,000
    15 Years' Experience: $132,000
    20 Years' Experience: $142,000
    Career Total: $2,318,329

    Krannert Full-Time MBA Profile

  31. 30. Thunderbird School of Global Management
    31

    30. Thunderbird School of Global Management

    Median Cash Compensation:
    Less Than 2 Years Experience: $73,300
    5 Years' Experience: $82,000
    10 Years' Experience: $113,000
    15 Years' Experience: $132,000
    20 Years' Experience: $154,000
    Career Total: $2,310,004

    Thunderbird Full-Time MBA Profile
  32. 31. Southern Methodist University
    32

    31. Southern Methodist University

    Cox School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $81,200
    5 Years' Experience: $83,300
    10 Years' Experience: $108,000
    15 Years' Experience: $133,000
    20 Years' Experience: $146,000
    Career Total: $2,297,950

    Cox Full-Time MBA Profile

  33. 32. Boston College
    33

    32. Boston College

    Carroll School of Management
    Median Cash Compensation:
    Less Than 2 Years Experience: $73,900
    5 Years' Experience: $85,000
    10 Years' Experience: $107,000
    15 Years' Experience: $138,000
    20 Years' Experience: $143,000
    Career Total: $2,294,833

    Carroll Full-Time MBA Profile

  34. 33. Rutgers University
    34

    33. Rutgers University

    Rutgers Business School
    Median Cash Compensation:
    Less Than 2 Years Experience: $64,900
    5 Years' Experience: $81,400
    10 Years' Experience: $109,000
    15 Years' Experience: $135,000
    20 Years' Experience: $147,000
    Career Total: $2,255,356

    Rutgers Full-Time MBA Profile

    Photograph by Andy Kropa/Redux
  35. 34. University of Maryland
    35

    34. University of Maryland

    Smith School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $68,500
    5 Years' Experience: $79,100
    10 Years' Experience: $107,000
    15 Years' Experience: $133,000
    20 Years' Experience: $150,000
    Career Total: $2,243,946

    Smith Full-Time MBA Profile

  36. 35. Brigham Young University
    36

    35. Brigham Young University

    Marriott School of Management
    Median Cash Compensation:
    Less Than 2 Years Experience: $67,400
    5 Years' Experience: $87,700
    10 Years' Experience: $104,000
    15 Years' Experience: $130,000
    20 Years' Experience: $137,000
    Career Total: $2,215,988

    Marriott Full-Time MBA Profile

  37. 36. University of Washington
    37

    36. University of Washington

    Foster School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $78,000
    5 Years' Experience: $85,800
    10 Years' Experience: $114,000
    15 Years' Experience: $119,000
    20 Years' Experience: $129,000
    Career Total: $2,211,093

    Foster Full-Time MBA Profile

  38. 37. College of William & Mary
    38

    37. College of William & Mary

    Mason School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $71,700
    5 Years' Experience: $73,200
    10 Years' Experience: $111,000
    15 Years' Experience: $119,000
    20 Years' Experience: $145,000
    Career Total: $2,157,535

    Mason Full-Time MBA Profile

  39. 38. University of Georgia
    39

    38. University of Georgia

    Terry College of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $50,800
    5 Years' Experience: $76,900
    10 Years' Experience: $107,000
    15 Years' Experience: $135,000
    20 Years' Experience: $139,000
    Career Total: $2,152,967

    Terry Full-Time MBA Profile

    Photograph by Georgia/Collegiate Images
  40. 39. University of Illinois, Urbana-Champaign
    40

    39. University of Illinois, Urbana-Champaign

    College of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $69,600
    5 Years' Experience: $73,500
    10 Years' Experience: $106,000
    15 Years' Experience: $130,000
    20 Years' Experience: $134,000
    Career Total: $2,151,460

    Illinois Full-Time MBA Profile

  41. 40. Washington University, St. Louis
    41

    40. Washington University, St. Louis

    Olin Business School
    Median Cash Compensation:
    Less Than 2 Years Experience: $71,600
    5 Years' Experience: $80,400
    10 Years' Experience: $103,000
    15 Years' Experience: $125,000
    20 Years' Experience: $133,000
    Career Total: $2,151,254

    Olin Full-Time MBA Profile

  42. 41. George Washington University
    42

    41. George Washington University

    School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $60,300
    5 Years' Experience: $74,600
    10 Years' Experience: $98,700
    15 Years' Experience: $138,000
    20 Years' Experience: $141,000
    Career Total: $2,151,204

    GWU Full-Time MBA Profile

  43. 42. University of Minnesota
    43

    42. University of Minnesota

    Carlson School of Management
    Median Cash Compensation:
    Less Than 2 Years Experience: $74,700
    5 Years' Experience: $77,100
    10 Years' Experience: $101,000
    15 Years' Experience: $123,000
    20 Years' Experience: $138,000
    Career Total: $2,138,568

    Carlson Full-Time MBA Profile

  44. 43. University of Rochester
    44

    43. University of Rochester

    Simon Graduate School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $64,300
    5 Years' Experience: $76,600
    10 Years' Experience: $110,000
    15 Years' Experience: $120,000
    20 Years' Experience: $138,000
    Career Total: $2,132,862

    Simon Full-Time MBA Profile

  45. 44. Michigan State University
    45

    44. Michigan State University

    Broad Graduate School of Management
    Median Cash Compensation:
    Less Than 2 Years Experience: $77,700
    5 Years' Experience: $85,400
    10 Years' Experience: $102,000
    15 Years' Experience: $106,000
    20 Years' Experience: $144,000
    Career Total: $2,125,919

    Broad Full-Time MBA Profile

  46. 45. Wake Forest University
    46

    45. Wake Forest University

    Schools of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $72,600
    5 Years' Experience: $81,100
    10 Years' Experience: $97,100
    15 Years' Experience: $123,000
    20 Years' Experience: $135,000
    Career Total: $2,124,378

    Wake Forest Full-Time MBA Profile

  47. 46. Ohio State University
    47

    46. Ohio State University

    Fisher College of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $66,400
    5 Years' Experience: $78,300
    10 Years' Experience: $104,000
    15 Years' Experience: $120,000
    20 Years' Experience: $139,000
    Career Total: $2,121,970

  48. 47. Indiana University
    48

    47. Indiana University

    Kelley School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $61,700
    5 Years' Experience: $80,300
    10 Years' Experience: $106,000
    15 Years' Experience: $120,000
    20 Years' Experience: $132,000
    Career Total: $2,106,639

    Kelley Full-Time MBA Profile

  49. 48. Pennsylvania State University
    49

    48. Pennsylvania State University

    Smeal College of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $67,600
    5 Years' Experience: $79,600
    10 Years' Experience: $105,000
    15 Years' Experience: $119,000
    20 Years' Experience: $129,000
    Career Total: $2,103,183

    Smeal Full-Time MBA Profile

  50. 49. Arizona State University
    50

    49. Arizona State University

    Carey School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $65,100
    5 Years' Experience: $77,500
    10 Years' Experience: $99,700
    15 Years' Experience: $118,000
    20 Years' Experience: $143,000
    Career Total: $2,094,048

    Carey Full-Time MBA Profile

  51. 50. Northeastern University
    51

    50. Northeastern University

    College of Business Administration
    Median Cash Compensation:
    Less Than 2 Years Experience: $62,700
    5 Years' Experience: $75,800
    10 Years' Experience: $104,000
    15 Years' Experience: $118,000
    20 Years' Experience: $128,000
    Career Total: $2,055,512

    Northeastern Full-Time MBA Profile

  52. 51. Tulane University
    52

    51. Tulane University

    Freeman School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $70,000
    5 Years' Experience: $72,500
    10 Years' Experience: $109,000
    15 Years' Experience: $115,000
    20 Years' Experience: $119,000
    Career Total: $2,043,345

    Tulane Full-Time MBA Profile

  53. 52. Case Western Reserve University
    53

    52. Case Western Reserve University

    Weatherhead School of Management
    Median Cash Compensation:
    Less Than 2 Years Experience: $55,600
    5 Years' Experience: $79,900
    10 Years' Experience: $99,300
    15 Years' Experience: $120,000
    20 Years' Experience: $125,000
    Career Total: $2,030,950

    Weatherhead Full-Time MBA Profile

  54. 53. University of Wisconsin, Madison
    54

    53. University of Wisconsin, Madison

    School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $70,900
    5 Years' Experience: $77,800
    10 Years' Experience: $94,600
    15 Years' Experience: $111,000
    20 Years' Experience: $126,000
    Career Total: $2,004,322

    Wisconsin Full-Time MBA Profile

  55. 54. Howard University
    55

    54. Howard University

    School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $65,800
    5 Years' Experience: $78,600
    10 Years' Experience: $97,300
    15 Years' Experience: $110,000
    20 Years' Experience: $121,000
    Career Total: $1,986,353

    Howard Full-Time MBA Profile

    Photograph by Marvin Joseph/The Washington Post via Getty Images
  56. 55. University of Pittsburgh
    56

    55. University of Pittsburgh

    Katz Graduate School of Business
    Median Cash Compensation:
    Less Than 2 Years Experience: $54,500
    5 Years' Experience: $72,300
    10 Years' Experience $94,800
    15 Years' Experience: $106,000
    20 Years' Experience: $134,000
    Career Total: $1,923,432

    Katz Full-Time MBA Profile

  57. 56. Texas A&M University
    57

    56. Texas A&M University

    Mays Business School
    Median Cash Compensation:
    Less Than 2 Years Experience: $58,700
    5 Years' Experience: $70,200
    10 Years' Experience: $90,100
    15 Years' Experience: $112,000
    20 Years' Experience: $116,000
    Career Total: $1,880,832

    Mays Full-Time MBA Profile

  58. University at Buffalo
    58

    University at Buffalo

    School of Management
    Median Cash Compensation:
    Less Than 2 Years Experience: $48,900
    5 Years' Experience: $66,700
    10 Years' Experience: $91,700
    15 Years' Experience: $108,000
    20 Years' Experience: $110,000
    Career Total: $1,802,235

    Buffalo Full-Time MBA Profile

    Courtesy University of Buffalo