Harvard Business School MBA placement report, 2021 was released by HBS on November 22, 2021. Harvard University has witnessed an increase in its overall median base salary in comparison to the previous year. Currently, the average salary of HBS graduates is 150,000 USD per annum.

Around 12% of the Harvard Business School graduates became entrepreneurs. The b-school has produced 64 founders of business from the batch of 2021. Around 62% of these businesses were supported by co-founders with 40% co-founders from HBS itself. Around 22 businesses founded by HBS graduates are currently making a social impact. Explore: HBS MBA class profile

  • Career Outcome: 96% of the job seeking Harvard MBA graduates received an offer within 3 months after graduation, compared to previous year’s record of 90%.
  • Employment Offers: Around 92% of graduates accepted the job offers in 2021, which reflects a slight increase in comparison to 83% job acceptances in 2020.
  • Compensation: The total median compensation decreased by 1.2% from 193,200-189,850 USD in contrast to a 1.5% increase in last fall term.
  • MBA Salary: The average base salary package of Harvard MBA has increased marginally to 150,500 USD.

Harvard Business School MBA Top Employers

Around 680 companies hired each MBA graduate from the class of 2021 and summer interns from the class of 2022 of Harvard Business School. Apple, Amazon, Google, Deloitte, Facebook, Goldman Sachs, IBM, and L’Oreal are some of the big names welcoming HBS students. The school invites recruiting partners to join them in finding the eligible candidates with leadership potentials.

Consulting (23%), Technology (19%) and Private equity (14%) are the three leading sectors where Harvard Business School MBA graduates joined. Following is the 5 years trend of these sectors employing students taking admission to Harvard Business School:

HBS MBA Placement Across Industries

The placement report of Harvard Business School across various industries are as follows:

Industry Students Receiving Offer Median Base Salary in USD Median Signing Bonus in USD
Consulting 23% 165,000 30,000
Technology 19% 150,000 32,500
Private Equity 14% 160,000 25,000
Investment Management/ Hedge Fund 8% 165,000 50,000
Venture Capital 7% 160,000 22,500
Healthcare 6% 140,000 25,000
Investment Banking 4% 150,000 50,000
Manufacturing 4% 137,000 32,500
Consumer Products 3% 116,000 20,000
Entertainment/ Media 3% 140,000 12,000
Services 3% 150,000 20,000
Non-Profit/ Government 3% 110,000 -
Other Financial Services 2% 145,000 27,500
Retail 1% 135,000 15,000

HBS MBA Placement Across Functions

Following are the various MBA jobs in USA across which Harvard Business School graduates are currently working:

Functions Student Percentage Average Base Salary in USD Average Signing Bonus in USD
Finance 33% 150,000 40,000
Consulting 25% 165,000 30,000
General Management 11% 140,000 26,000
Marketing 11% 140,000 25,000
Strategic Planning 10% 150,000 25,000
Business Development 6% 140,000 15,000
Other 4% 155,000 27,500

Harvard Business School MBA Entrepreneurship

Around 12% of the Harvard Business School graduates became a part of startups. Among the 15% of international aspirants moving forward with startup plans, 8% were Asians, which is highest among the international students. The average base salary of the entrepreneurs ranges around 150,000 USD

At least 22 startups of the Harvard Business School MBA 2021 batch made a social impact making it one of the best business schools in USA. Following is a distribution of the sectors where Harvard Business School MBA graduates are working as entrepreneurs:

Sectors Percentage of Students
Technology 48%
Healthcare 16%
Consumer Products 9%
Financial Services 9%
Manufacturing 9%
Entertainment/ Media 3%
Services 3%
Nonprofit/ Government 2%

Harvard Business School MBA Internships

Following are the percentages of 2022 interns securing a position through Harvard Business School MBA placement. While healthcare, retail and private equity dipped a bit for the 2022 batch, a certain increase has been observed in consulting, technology, venture capital and others. The report of 3 consecutive years are as follows:

Industry Percentage of Students in 2022 Percentage of Students in 2021 Percentage of Students in 2020
Consulting 19% 17% 16%
Consumer Products 4% 4% 7%
Entertainment/ Media 3% 4% 4%
Healthcare 7% 9% 7%
Investment Banking 3% 4% 3%
Hedge Funds 8% 6% 8%
Manufacturing 7% 7% 7%
Non-profit/ Government 3% 4% 2%
Other Financial Services 3% 2% 2%
Private Equity 11% 12% 12%
Retail 1% 2% 3%
Services 3% 4% 3%
Technology 19% 18% 20%
Venture Capital 9% 8% 5%

Around 74% of the Harvard Business School graduates were looking for jobs after graduation. Among them, 96% of the aspirants received job offers from several globally leading industries. Around 12% of the students were already employed or studying with sponsorship from their companies. 8% of students were confident enough to start their own business after graduation.