The Classes of 2021 and 2022 of MIT Sloan accepted opportunities at 342 companies, pursuing pathways for impact and advancement at leading and growing organizations all over the world. The Sloan School continued to receive job offers despite the coronavirus, with 95.5 % obtaining offers after 90 days and 91.1% accepting.
- The median base income for the Class of 2021 was USD 150,000, with an average base salary of USD 148,075 including the average signing bonus was 30,000 USD.
- 70.5% of graduates reported receiving guaranteed remuneration in addition to a signing bonus, with an average value of $34,000 and a median value of USD 65,000.
- Consulting (28.3%), Technology (25.0%), Finance (21.4%), and Pharma/Health/Biotech (21.4%) were the top industries for the Class of 2021. (9.8%).
- Employers who employed Sloan MBAs for full-time roles or internships accounted for 48.6% of Class of 2021 grads who accepted positions, while 53.5% of the firms that hired Sloanies this year did so for the first time.
Top Employers of MBA Class of 2021
During the harshest months of the Covid-19 outbreak last year, placement rates for MIT Sloan graduates barely declined. This year, the average base salary increased to USD 144,140 while the median base salary increased to USD 150,000. 48.6% of students who accepted positions went to work with employers who hired three or more Sloanies for full-time roles or internships, and 53.5% of the organizations that hired Sloanies this year did so for the first time.
| Company | No. of Hires |
|---|---|
| McKinsey & Company | 30 |
| The Boston Consulting Group | 29 |
| Amazon | 12 |
| Bain & Company | 11 |
| 09 | |
| JP Morgan Chase & Co. | 04 |
| Morgan Stanley | 04 |
| Rivian | 04 |
| Amgen | 03 |
| HelloFresh | 03 |
| IBM | 03 |
| Nike | 03 |
MBA Class Of 2021 Full-Time Base Salary By Industry
Top industries for MIT 2021 MBAs were once again consulting (28.3%), tech (25.0%), finance (21.4%), and pharma (9.8%). Consulting and tech have been neck-and-neck as the top choices of MIT MBAs in recent years, but this year consulting ruled the roost as tech went down.
| Industry | Percentage | Mean | Median |
|---|---|---|---|
| Service Industries | 795 | 147,220 | 150,000 |
| Consulting | 31 | 157,530 | 165,000 |
| Software/Internet | 25 | 137,715 | 138,500 |
| Financial | 19 | 146,207 | 150,000 |
| Investment Banking/Brokerage | 8 | 143,000 | 150,000 |
| Investment Management | 4 | 141,500 | 140,000 |
| Private Equity | 4 | 158,800 | 172,500 |
| Venture Capital | 2 | 140,000 | 150,000 |
| Diversified Financial Services | 1 | 146,000 | 145,000 |
| Retail | 2 | 126,667 | 122,500 |
| Media/Entertainment/Sports | 1 | 145,000 | 125,000 |
| Other Service (Incl Real Estate) | 2 | 132,500 | 135,000 |
| Manufacturing Industries | 18 | 134,049 | 130,000 |
| Pharma/Healthcare/Biotech | 6 | 131,000 | 132,500 |
| Auto/Aerospace | 3 | 140,625 | 145,000 |
| Consumer Products | 3 | 112,600 | 120,000 |
| Computers/Electronics | 2 | 170,000 | 160,000 |
| Other | 2 | 109,917 | 110,000 |
| Nonprofit | 1 | 124,000 | 122,000 |
Top Industry Employers Of MIT Sloan MBAs
Class of 2021 Salary by Geographic Location
In 2021, the Northeast claimed most Sloan grads with around 40%, However, the lure of West America (28%) and San Francisco (15%) continued to be strong with 28% and 15%. Mentioned below is the region-wise distribution of Soland grads throughout the world:
| Region | Average Salary (in USD) |
|---|---|
| North America | 149,874 |
| Europe | 143,333 |
| Asia | 138,223 |
| Latin America & The Caribbean | 107,143 |
MBA Class Of 2021 Full-Time Signing Bonus Received By Job Function
The top 3 functions chosen by graduates of the MIT Sloan MBA program are Consulting/Strategic Planning, Product Management, and Finance. Following is a breakdown of employment by function.
| Signing Bonus by Job Function | Average Salary (in USD) |
|---|---|
| Consulting/Strategic Planning | 29,382 |
| Finance | 36,103 |
| Operations/Project Management | 31,620 |
| Product Management/Development | 28,792 |
| Leadership Development Program/General Management | 21,861 |
| Business Development | 23,500 |
| Marketing | 45,000 |
Top Employers Of MBA Class Of 2022 Interns
Top employers of the 2020 MBA class of MIT Sloan in different industries are
| Company | No. of Hires |
|---|---|
| The Boston Consulting Group | 33 |
| Amazon | 25 |
| McKinsey & Company1 | 14 |
| 12 | |
| Bain & Company | 11 |
| Goldman Sachs | 8 |
| Apple | 5 |
| Capital One | 5 |
| Cisco | 4 |
| 4 | |
| JP Morgan Chase & Co. | 4 |
| Nike | 4 |
| Bank of America Merrill Lynch | 3 |
| Danaher Corporation | 3 |
| DraftKings | 3 |
| Evercore | 3 |
| EY-Parthenon | 3 |
MBA Class Of 2022 Internship Monthly Base Salary By Industry
For the MBA Class of 2021, the top internship industries were finance (26.6%), technology (25.1%), and consulting (16.9%), with 31% accepting internships at MIT’s top hiring companies. And for the MBA Class of 2022, the top internship industries were finance (26.2%), tech (25.6%), and consulting (21%), with pharma/healthcare/biotech (7.3%).
Of the 405 total graduates in the Class of 2020, 57, or 14.1%, were sponsored and planned to return to their companies; that was up from 46 (11.4%) in 2019. Fewer planned to start their own business, however: just 14, or 3.5%, down from 6.7% in 2019. This year, 76 Sloanies (18.7%) were sponsored and returning, and 17 (4.2%) were planning to become entrepreneurs.
In 2021, the median salary rose to USD 150,000, the signing bonus was flat, and “other” shrank to USD 11,000.
