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<p>Employment reports solidly show that <a href="https://fortune.com/education/business/best-mba-programs/">MBA graduates’</a> salaries are on the rise. Among the top business schools that have published 2022 full-time MBA employment reports so far this year, all of them have shown a healthy jump in median starting salaries for recent grads—with some schools seeing an <a href="https://fortune.com/education/business/articles/2022/11/07/mba-hiring-remains-red-hot-this-no-2-b-school-sees-grads-land-200k-plus-pay-packages/">increase of as much as 13%</a>. Higher market competition for MBAs has driven salary gains,<span style="box-sizing: border-box; margin: 0px; padding: 0px;"> and </span>business school officials agree. </p><div class="paywall-selector"></div><div class="paywall">



<p>Firms “were competing for talent—and our students benefited from a really competitive employment environment,” Emily Anderson, senior director of Vanderbilt University’s Owen Graduate School of Management’s Career Management Center, previously told <em>Fortune. </em>At Vanderbilt, starting pay packages for 2022 MBA grads hit an all-time high of more than $173,000. <em>Fortune </em>ranks Vanderbilt No. 21 on its list of full-time MBA programs.</p>



<p>Other top business schools like New York University’s Stern School of Business and the University of California—Berkeley Haas School of Business reported salary increases of <a href="https://fortune.com/education/business/articles/2022/10/19/it-looks-like-mba-salaries-are-soaring/">10%</a> and <a href="https://fortune.com/education/business/articles/2022/10/28/uc-berkeley-mbas-are-landing-185k-plus-pay-packages-right-after-graduation/">6%</a>, respectively. <em>Fortune </em>ranks both of these programs within the top 20 on its full-time MBA ranking, but neither are in the highly coveted list of “M7” institutions that many business school hopefuls strive to attend.</p>



<p>Of the M7 schools, or the “Magnificent 7,” that have released their 2022 salary data, all have shown an increase in median pay packages. Plus, all of their median base salaries are at least $150,000—and many land generous bonus packages of $30,000 and more. The M7 schools are: Harvard Business School, Stanford University, University of Pennsylvania (Wharton), Columbia Business School, Northwestern University (Kellogg), University of Chicago (Booth), and MIT (Sloan). </p>



<p>At Kellogg alone, median base salaries <a href="https://fortune.com/education/business/articles/2022/11/09/mba-recruiting-at-kellogg-reaches-record-high-consulting-grads-land-200k-plus-pay-packages/">jumped $15,000 to $165,000</a>, and median signing bonuses came in at $30,000, according to the school’s recently released 2022 salary data.</p>



<p>“The marketplace really wanted talent, and we had the talent,” Liza Kirkpatrick, assistant dean of the <a href="https://www.kellogg.northwestern.edu/career/">Career Management Center</a> at Kellogg, previously told <em>Fortune. </em>“Our students really had to overcome COVID, and showed resilience in the process. The market was responsive to that. Our students got the jobs that they were seeking.”</p>



<p><em>Fortune </em>compiled all of the most-recent salary, tuition, and admission statistics for the M7 schools. Note that some M7 schools have not yet released their 2022 salary figures.</p>



<h2 class="wp-block-heading" id="h-harvard-business-school">Harvard Business School</h2>



<p><strong><em>Fortune </em></strong><strong>full-time MBA ranking</strong>: <a href="https://fortune.com/education/business/mba/rankings/harvard-university/">No. 1</a></p>



<p><strong>Median base salary</strong>: $175,000 (2022 figures)</p>



<p><strong>Median signing bonus: </strong>$30,000</p>



<p><strong>Tuition</strong>: $73,440 per year</p>



<p><strong>Average GMAT score</strong>: 730</p>



<p><strong>Average undergrad GPA</strong>: 3.7</p>



<p><strong>Acceptance rate</strong>: 13%</p>



<h2 class="wp-block-heading" id="h-stanford-graduate-school-of-business">Stanford Graduate School of Business </h2>



<p><strong><em>Fortune </em></strong><strong>full-time MBA ranking</strong>: <a href="https://fortune.com/education/business/mba/rankings/stanford-university/">No. 6</a></p>



<p><strong>Median base salary</strong>: $156,000 (2021 figures)</p>



<p><strong>Median signing bonus: </strong>$26,500</p>



<p><strong>Tuition</strong>: $76,950 per year</p>



<p><strong>Average GMAT score</strong>: 738</p>



<p><strong>Average undergrad GPA</strong>: 3.78</p>



<p><strong>Acceptance rate</strong>: 6.2%</p>



<h2 class="wp-block-heading" id="h-university-of-pennsylvania-s-wharton-school-of-business">University of Pennsylvania’s Wharton School of Business</h2>



<p><strong><em>Fortune </em></strong><strong>full-time MBA ranking</strong>: <a href="https://fortune.com/education/business/mba/rankings/university-of-pennsylvania-wharton/">No. 4</a></p>



<p><strong>Median base salary</strong>: $155,000 (2021 figures)</p>



<p><strong>Tuition</strong>: $84,874 (first year)</p>



<p><strong>Average GMAT score</strong>: 733</p>



<p><strong>Average undergrad GPA</strong>: 3.6</p>



<p><strong>Acceptance rate</strong>: 18%</p>



<h2 class="wp-block-heading" id="h-columbia-business-school">Columbia Business School</h2>



<p><strong><em>Fortune </em></strong><strong>full-time MBA ranking</strong>: <a href="https://fortune.com/education/business/mba/rankings/columbia-university/">No. 5</a></p>



<p><strong>Median base salary</strong>: $150,000 (2021 figures)</p>



<p><strong>Median signing bonus: </strong>$30,000</p>



<p><strong>Tuition</strong>: $80,472 per year</p>



<p><strong>Average GMAT score</strong>: 729</p>



<p><strong>Average undergrad GPA</strong>: 3.5</p>



<p><strong>Acceptance rate</strong>: 19%</p>



<h2 class="wp-block-heading" id="h-northwestern-university-kellogg-school-of-management">Northwestern University Kellogg School of Management</h2>



<p><strong><em>Fortune </em></strong><strong>full-time MBA ranking</strong>: <a href="https://fortune.com/education/business/mba/rankings/northwestern-university-kellogg/">No. 3</a></p>



<p><strong>Median base salary</strong>: $165,000 (2022 figures)</p>



<p><strong>Median signing bonus: </strong>$30,000</p>



<p><strong>Tuition</strong>: $78,276 per year</p>



<p><strong>Average GMAT score</strong>: 727</p>



<p><strong>Average undergrad GPA</strong>: 3.7</p>



<p><strong>Acceptance rate</strong>: 26%</p>



<h2 class="wp-block-heading" id="h-university-of-chicago-booth-school-of-business">University of Chicago Booth School of Business</h2>



<p><strong><em>Fortune </em></strong><strong>full-time MBA ranking</strong>: <a href="https://fortune.com/education/business/mba/rankings/university-of-chicago-booth/">No. 2</a> </p>



<p><strong>Median base salary</strong>: $175,000 (2022 figures)</p>



<p><strong>Median signing bonus: </strong>$30,000</p>



<p><strong>Tuition</strong>: $77,841 per year</p>



<p><strong>Average GMAT score</strong>: 732</p>



<p><strong>Average undergrad GPA</strong>: 3.54</p>



<p><strong>Acceptance rate</strong>: 22.63%</p>



<h2 class="wp-block-heading" id="h-mit-sloan-school-of-management">MIT Sloan School of Management</h2>



<p><strong><em>Fortune </em></strong><strong>full-time MBA ranking</strong>: <a href="https://fortune.com/education/business/mba/rankings/massachusetts-institute-of-technology-sloan/">No. 9</a></p>



<p><strong>Median base salary</strong>: $150,000 (2021 figures)</p>



<p><strong>Median signing bonus: </strong>$30,000</p>



<p><strong>Tuition</strong>: $80,400</p>



<p><strong>Average GMAT score</strong>: 728</p>



<p><strong>Average undergrad GPA</strong>: 3.5</p>



<p><strong>Acceptance rate</strong>: 12%</p>



<hr class="wp-block-separator has-alpha-channel-opacity">



<p><em><em>Check out all of </em></em>Fortune’<em><em>s <a href="https://fortune.com/education/">rankings of degree programs</a>, and learn more about specific <a href="https://fortune.com/education/careers/">career paths</a>.</em></em></p>



<div class="wp-block-group pro-tip-box-widget"><div class="wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained">
<h3 class="wp-block-heading pro-tip-box-heading">Read more</h3>



<li>Choose from our rankings of the <a href="https://fortune.com/education/business/best-mba-programs/">best MBA programs</a> to find the next phase of your educational journey.</li>
<li>This list helps those looking for <a href="https://fortune.com/education/business/best-mba-programs/no-gmat-gre-required/">MBA program options that do not require submission of test scores</a> to apply.</li>
<li>Our directory of the <a href="https://fortune.com/education/business/most-affordable-online-mba-programs/">most affordable online MBA programs</a> can help you find the school that best fits your budget.</li>
<li>You can work towards your career goals on your own time by selecting from our list of the <a href="https://fortune.com/education/business/best-parttime-mba-programs/">best part time MBA programs</a>.</li>
<li>To help you pick the program that’s the best fit for you, we made this list of the <a href="https://fortune.com/education/business/best-executive-mba-programs/">best executive MBA programs</a>.</li>
<li>Interested in earning your MBA online? Here’s our ranking of the <a href="https://fortune.com/education/business/best-online-mba-programs/">best online MBA programs</a>.</li>
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Fortune compiled all of the most-recent salary, tuition, and admission statistics for the M7 business schools.

Here's how much you can make as an MBA grad from an M7 business school

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