Photograph by John Smith/Corbis

Top B-Schools With the Highest-Paid MBAs

  1. Stanford, Harvard, Wharton Lead the Pack
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    Stanford, Harvard, Wharton Lead the Pack

    The starting salary offers received by this year's MBA graduates add up to a mixed bag. About half of Bloomberg Businessweek's 30 top-ranked U.S. business schools reported flat or little growth this year over last. Of even greater concern, salary hikes are not keeping pace with inflation at many schools. For the first time this year, Bloomberg Businessweek calculated the 2010-12 inflation-adjusted growth rate for the median salary of each school's graduates, and the picture is not rosy. At about a third of the 30 top-ranked schools, the median growth rate was negative, meaning salaries have either fallen, or budged by less than 1 percent, over the last three years. A handful of schools defied the odds, including the University of Chicago's Booth School of Business, where salaries jumped 7 percent since 2010, after inflation is factored in. Other schools with inflation-adjusted pay growth exceeding 5 percent include Carnegie Mellon's Tepper School of Business and University of Notre Dame's Mendoza College of Business.

    Notwithstanding the tepid growth, getting an MBA from a top 30 school still means that most students walk out with enviable starting offers—at least $30,000 more than they were making before attending business school. More than two-thirds of the top 30 schools reported median salaries that were well into six figures. The Stanford Graduate School of Business reported a $125,000 median salary—the highest of any top 30 school— trailed closely by Harvard Business School and the Wharton School, both of which reported median salaries of $120,000.

    Note: All pay information was self-reported by schools, except as noted.

    Photograph by John Smith/Corbis
  2. 1. Stanford University
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    1. Stanford University

    Stanford Graduate School of Business

    Median Graduate Salaries
    • 2012: $125,000
    • 2011: $125,000
    • 2010: $120,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: -.98%
    • 2012 Post-MBA Pay Increase: $35,000 (38.9%)*

    * Based on pre-MBA salaries reported in a 2012 Bloomberg Businessweek graduate survey, as well as post-MBA salaries reported by the school.

    Photograph by Proehl Studios/Corbis
  3. 2. Harvard University
    3

    2. Harvard University

    Harvard Business School

    Median Graduate Salaries
    • 2012: $120,000
    • 2011: $120,000
    • 2010: $110,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 3.7%
    • 2012 Post-MBA Pay Increase: $30,000 (33.3%)*

    * Based on pre-MBA salaries reported in a 2012 Bloomberg Businessweek graduate survey, as well as post-MBA salaries reported by the school.

    Photograph by Brent Lewin/Bloomberg
  4. 2. University of Pennsylvania
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    2. University of Pennsylvania

    The Wharton School

    Median Graduate Salaries
    • 2012: $120,000
    • 2011: $120,000
    • 2010: $110,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 3.7%
    • 2012 Post-MBA Pay Increase: $30,000 (33.3%)*

    * Based on pre-MBA salaries reported in a 2012 Bloomberg Businessweek graduate survey, as well as post-MBA salaries reported by the school.

    Photograph by Kendall Whitehouse/The Wharton School
  5. 4. MIT
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    4. MIT

    Sloan School of Management

    Median Graduate Salaries
    • 2012: $118,500
    • 2011: $119,000
    • 2010: $110,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 2.4%
    • 2012 Post-MBA Pay Increase: $38,500 (48.1%)*

    * Based on pre-MBA salaries reported in a 2012 Bloomberg Businessweek graduate survey, as well as post-MBA salaries reported by the school.

    Photograph courtesy of MIT
  6. 5. University of Chicago
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    5. University of Chicago

    Booth School of Business

    Median Graduate Salaries
    • 2012: $115,000
    • 2011: $107,000
    • 2010: $102,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 7.17%
    • 2012 Post-MBA Pay Increase: $40,000 (53.3%)*

    * Based on pre-MBA salaries reported in a 2012 Bloomberg Businessweek graduate survey, as well as post-MBA salaries reported by the school.

    Source: The University of Chicago via Bloomberg
  7. 6. Northwestern University
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    6. Northwestern University

    Kellogg School of Management

    Median Graduate Salaries
    • 2012: $115,000
    • 2011: $110,000
    • 2010: $105,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 4.11%
    • 2012 Post-MBA Pay Increase: $36,000 (45.6%)*

    * Based on pre-MBA salaries reported in a 2012 Bloomberg Businessweek graduate survey, as well as post-MBA salaries reported by the school.

    Photograph courtesy of Kellogg School of Managemen
  8. 6. Dartmouth College
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    6. Dartmouth College

    Tuck School of Business

    Median Graduate Salaries
    • 2012: $115,000
    • 2011: $110,000
    • 2010: $105,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 4.11%
    • 2012 Post-MBA Pay Increase: $50,300 (77.7%)

    Photograph courtesy of Dartmouth College
  9. 8. University of California, Berkeley
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    8. University of California, Berkeley

    Haas School of Business

    Median Graduate Salaries
    • 2012: $115,000
    • 2011: $111,000
    • 2010: $110,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: -.62%
    • 2012 Post-MBA Pay Increase: $43,000 (59.7%)

    Photograph courtesy of Haas School of Business
  10. 9. Duke University
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    9. Duke University

    Fuqua School of Business

    Median Graduate Salaries
    • 2012: $110,000
    • 2011: $101,400
    • 2010: $100,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 4.56%
    • 2012 Post-MBA Pay Increase: $50,000 (83.3%)

    Photograph courtesy of Duke University
  11. 10. University of Michigan
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    10. University of Michigan

    Ross School of Business

    Median Graduate Salaries
    • 2012: $110,000
    • 2011: $103,000
    • 2010: $100,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 4.56%
    • 2012 Post-MBA Pay Increase: $49,000 (80.3%)

    Photograph courtesy of Ross School of Business
  12. 11. Columbia University
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    11. Columbia University

    Columbia Business School

    Median Graduate Salaries
    • 2012: $110,000
    • 2011: $110,000
    • 2010: $100,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 4.56%
    • 2012 Post-MBA Pay Increase: $30,000 (37.5%)*

    * Based on pre-MBA salaries reported in a 2012 Bloomberg Businessweek graduate survey, as well as post-MBA salaries reported by the school.

    Photograph by James Leynse/Corbis
  13. 12. University of Virginia
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    12. University of Virginia

    Darden School of Business

    Median Graduate Salaries
    • 2012: $105,000
    • 2011: $100,000
    • 2010: $100,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: -.19%
    • 2012 Post-MBA Pay Increase: $39,000 (59.1%)*

    * Based on pre-MBA salaries reported in a 2012 Bloomberg Businessweek graduate survey, as well as post-MBA salaries reported by the school.

    Photograph courtesy of Darden School of Business
  14. 12. Carnegie Mellon University
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    12. Carnegie Mellon University

    Tepper School of Business

    Median Graduate Salaries
    • 2012: $105,000
    • 2011: $100,000
    • 2010: $95,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 5.06%
    • 2012 Post-MBA Pay Increase: $53,000 (101.9%)

    Photograph courtesy of Carnegie Mellon University
  15.  14. University of California, Los Angeles
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    14. University of California, Los Angeles

    Anderson School of Management

    Median Graduate Salaries
    • 2012: $103,500
    • 2011: $100,000
    • 2010: $100,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: -1.62%
    • 2012 Post-MBA Pay Increase: $41,500 (66.9%)

    Photograph courtesy of Anderson School of Management
  16. 15. University of Southern California
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    15. University of Southern California

    Marshall School of Business

    Median Graduate Salaries
    • 2012: $100,000
    • 2011: $96,000
    • 2010: $94,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 1.12%
    • 2012 Post-MBA Pay Increase: $35,000 (53.8%)

    Photograph courtesy of Marshall School of Business
  17. 16. Emory University
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    16. Emory University

    Goizueta Business School

    Median Graduate Salaries
    • 2012: $100,000
    • 2011: $100,000
    • 2010: $90,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 5.62%
    • 2012 Post-MBA Pay Increase: $50,000 (100%)

    Photograph courtesy of Goizueta Business School
  18. 16. Cornell University
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    16. Cornell University

    Johnson Graduate School of Management

    Median Graduate Salaries
    • 2012: $100,000
    • 2011: $100,000
    • 2010: $96,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: -.98%
    • 2012 Post-MBA Pay Increase: $40,000 (66.7%)

    Photograph courtesy of Cornell University
  19. 16. University of North Carolina
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    16. University of North Carolina

    Kenan-Flagler Business School

    Median Graduate Salaries
    • 2012: $100,000
    • 2011: $100,000
    • 2010: $95,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: .06%
    • 2012 Post-MBA Pay Increase: $55,000 (122.2%)

    Photograph by University of North Carolina
  20. 16. University of Texas, Austin
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    16. University of Texas, Austin

    McCombs School of Business

    Median Graduate Salaries
    • 2012: $100,000
    • 2011: $100,000
    • 2010: $95,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: .06%
    • 2012 Post-MBA Pay Increase: $35,500 (55%)

    Photograph by University of Texas, Austin
  21. 16. New York University
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    16. New York University

    Stern School of Business

    Median Graduate Salaries
    • 2012: $100,000
    • 2011: $100,000
    • 2010: $100,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: -4.94%
    • 2012 Post-MBA Pay Increase: $32,611 (48.4%)

    Photograph by Adam Pantoza
  22. 16. Yale University
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    16. Yale University

    Yale School of Management

    Median Graduate Salaries
    • 2012: $100,000
    • 2011: $100,000
    • 2010: $100,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: -4.94%
    • 2012 Post-MBA Pay Increase: $37,566 (60.2%)

    Photograph courtesy of Yale School of Management
  23. 22. University of Notre Dame
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    22. University of Notre Dame

    Mendoza College of Business

    Median Graduate Salaries
    • 2012: $99,500
    • 2011: $93,500
    • 2010: $90,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 5.09%
    • 2012 Post-MBA Pay Increase: $59,500 (148.8%)

    Photograph courtesy of University of Notre Dame
  24. 23. Indiana University
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    23. Indiana University

    Kelley School of Business

    Median Graduate Salaries
    • 2012: $99,500
    • 2011: $95,000
    • 2010: $90,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 5.09%
    • 2012 Post-MBA Pay Increase: $54,200 (119.6%)

    Photograph courtesy of Kelley School of Business
  25. 24. University of Minnesota
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    24. University of Minnesota

    Carlson School of Management

    Median Graduate Salaries
    • 2012: $97,505
    • 2011: $95,507
    • 2010: $90,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 2.98%
    • 2012 Post-MBA Pay Increase: $55,505 (132.2%)

    Photograph courtesy of University of Minnesota
  26. 25. Rice University
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    25. Rice University

    Jones Graduate School of Business

    Median Graduate Salaries
    • 2012: $95,000
    • 2011: $95,000
    • 2010: $95,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: -4.94%
    • 2012 Post-MBA Pay Increase: $47,000 (97.9%)

    Photograph courtesy of Rice University
  27. 26. Brigham Young University
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    26. Brigham Young University

    Marriott School of Management

    Median Graduate Salaries
    • 2012: $94,050
    • 2011: $92,000
    • 2010: $88,550

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: .96%
    • 2012 Post-MBA Pay Increase: $42,050 (80.9%)

    Photograph courtesy of Marriott School of Management
  28. 27. Georgia Institute of Technology
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    27. Georgia Institute of Technology

    Scheller College of Business

    Median Graduate Salaries
    • 2012: $94,000
    • 2011: $90,000
    • 2010: $85,020

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 5.10%
    • 2012 Post-MBA Pay Increase: $31,351 (50%)

    Photograph by Daniel Mayer
  29. 28. Texas A&M University
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    28. Texas A&M University

    Mays Business School

    Median Graduate Salaries
    • 2012: $93,500
    • 2011: $85,000
    • 2010: $85,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 4.56%
    • 2012 Post-MBA Pay Increase: $51,500 (60.6%)

    Photograph courtesy of Mays Business School
  30. 29. Southern Methodist University
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    29. Southern Methodist University

    Cox School of Business

    Median Graduate Salaries
    • 2012: $90,000
    • 2011: $82,400
    • 2010: $81,000

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: 5.62%
    • 2012 Post-MBA Pay Increase: $30,000 (50%)

    Photograph courtesy of Southern Methodist University
  31. 30. Michigan State University
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    30. Michigan State University

    Broad College of Business

    Median Graduate Salaries
    • 2012: $86,700
    • 2011: $87,500
    • 2010: $86,200

    Pay Analysis
    • 2010-12 Inflation-Adjusted Change: -4.39%
    • 2012 Post-MBA Pay Increase: $63,181 (268.6%)

    Photograph courtesy of Michigan State University