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<p>Despite major layoffs in the tech industry and a potential recession that’s looming, many <a href="https://fortune.com/education/business/best-mba-programs/">top-ranked business schools</a> saw their 2022 MBA grads land record-breaking pay packages. In fact, grads from business schools saw starting median base salaries jump to as high as $175,000—up to a 17% increase in some programs.</p><div class="paywall-selector"></div><div class="paywall">



<p>Business school officials and experts credit this leap in starting pay to competition in the most popular MBA career paths: consulting, finance, and technology. For example, the three big consulting firms—McKinsey &amp; Co., Boston Consulting Group, and Bain &amp; Co.—announced changes to their <a href="https://fortune.com/education/articles/new-mba-grads-at-mckinsey-bcg-bain-can-now-land-base-salaries-of-nearly-200k/">MBA pay structures</a>, granting new grads starting base salaries of at least $190,000. With signing and performance bonuses, these grads make close to $300,000.</p>



<p>“Most grads have multiple opportunities and compare one against the other,” Juan Pablo Gonzalez, a senior client partner with Korn Ferry, a management consulting and recruiting firm, previously told Fortune. “Add to this that employers from other labor markets—tech, private equity, financial services—want the same talent, and the result is a hyper-competitive market.”</p>



<p>Salaries for both the tech and financial services (which includes private equity, venture capital, and investment banking) also rose. <a href="https://fortune.com/education/business/harvard-university/">Harvard Business School</a> saw median base investment banking salaries <a href="https://www.hbs.edu/recruiting/employment-data/industry/Pages/default.aspx?year=2022&amp;view=career">jump almost 17%</a> to $175,000 between 2021 and 2022, and private equity salaries also rise to $175,000, a 9% increase. The overall median base salary was $175,000 for the class of 2022 at HBS, which <em>Fortune</em> ranks as the No. 1 <a href="https://fortune.com/education/business/best-mba-programs/">full-time MBA program</a> in the U.S.</p>



<p>“We saw increases in almost every sector, thus the overall median for the class also went up,” Kristin Fitzpatrick, managing director of MBA Career &amp; Professional Development at HBS, <a href="https://fortune.com/education/articles/some-harvard-mba-grads-made-nearly-400000-in-2022/">previously told <em>Fortune</em></a>. These grads also landed $30,000 median signing bonuses and $40,000 performance bonuses, bringing their total pay packages to $245,000.</p>



<p>Based on 2022 salary reports released thus far, <em>Fortune </em>has compiled a list of business schools that see their grads land starting pay packages—including base and bonus pay—of at least $200,000. Note that not all business schools release data regarding bonuses, which means that this is not an exhaustive list.</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/harvard-university/">No. 1</a> </p>



<p><strong>2022 median base pay: </strong><a href="https://fortune.com/education/articles/some-harvard-mba-grads-made-nearly-400000-in-2022/">$175,000</a></p>



<p><strong>2021-2022 year-over-year increase: </strong>16%</p>



<p><strong>2022 median signing bonus: </strong><a href="https://www.hbs.edu/recruiting/employment-data/Pages/default.aspx">$30,000</a></p>



<p><strong>2022 median performance bonus: </strong>$40,000</p>



<p><strong>2022 median pay package: </strong>$245,000</p>



<p><strong>Most popular industries: </strong>Consulting (26%), technology (19%), and private equity (15%)</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/university-of-chicago-booth/">No. 2 </a></p>



<p><strong>2022 median base pay: </strong><a href="https://fortune.com/education/articles/mba-hiring-remains-red-hot-this-no-2-b-school-sees-grads-land-200k-plus-pay-packages/#:~:text=Median%20salaries%20for%20Booth%20MBA,2021%20and%202022%20to%20%24175%2C000.">$175,000</a></p>



<p><strong>2021-2022 year-over-year increase: </strong>13%</p>



<p><strong>2022 median signing bonus: </strong>$30,000</p>



<p><strong>2022 median pay package: </strong>$205,000</p>



<p><strong>Most popular industries: </strong>Consulting (36.8%) and finance (36.2%)</p>



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



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



<p><strong>2022 median base pay: </strong><a href="https://fortune.com/education/articles/mba-recruiting-at-kellogg-reaches-record-high-consulting-grads-land-200k-plus-pay-packages/">$165,000</a> overall; $175,000 for consulting grads</p>



<p><strong>2021-2022 year-over-year increase: </strong>10%</p>



<p><strong>2022 median signing bonus: </strong>$30,000</p>



<p><strong>2022 median pay package: </strong>$195,000 overall; $205,000 for consulting grads</p>



<p><strong>Most popular industries: </strong>Consulting (40%) and technology (20%)</p>



<h2 class="wp-block-heading" id="h-new-york-university-stern-school-of-business">New York University Stern School of Business</h2>



<p><strong><em>Fortune </em></strong><strong>full-time MBA ranking: </strong><a href="https://fortune.com/education/business/new-york-university-stern/">No. 7</a></p>



<p><strong>2022 median base pay: </strong><a href="https://fortune.com/education/articles/it-looks-like-mba-salaries-are-soaring/">$170,000</a></p>



<p><strong>2021-2022 year-over-year increase: </strong>10%</p>



<p><strong>2022 median signing bonus:</strong> $35,000</p>



<p><strong>2022 median pay package: </strong>$205,000</p>



<p><strong>Most popular industries: </strong>Financial services (34%) and consulting (31%)</p>



<h2 class="wp-block-heading" id="h-dartmouth-college-s-tuck-school-of-business">Dartmouth College’s Tuck School of Business</h2>



<p><strong><em>Fortune </em></strong><strong>full-time MBA ranking: </strong><a href="https://fortune.com/education/business/dartmouth-college-tuck/">No. 11</a></p>



<p><strong>2022 median base pay: </strong>$175,000</p>



<p><strong>2021-2022 year-over-year increase: </strong>17%</p>



<p><strong>2022 median signing bonus: </strong>$30,000</p>



<p><strong>2022 median pay package: </strong>$205,000</p>



<p><strong>Most popular industries: </strong>Consulting (47%) and financial services (20%)</p>



<h2 class="wp-block-heading" id="h-yale-school-of-management">Yale School of Management</h2>



<p><strong><em>Fortune </em></strong><strong>full-time MBA ranking: </strong><a href="https://fortune.com/education/business/yale-university/">No. 12</a></p>



<p><strong>2022 median base pay: </strong><a href="https://som.yale.edu/programs/mba/career-paths/employment-report-2022-23">$160,110</a></p>



<p><strong>2022 median signing bonus</strong>: $30,000</p>



<p><strong>2022 median year-end bonus: </strong>$20,000</p>



<p><strong>2022 median pay package: </strong>$210,110</p>



<p><strong>Most popular industries: </strong>Consulting (46%) and investment banking (10%)</p>



<p><em>Check out all of </em>Fortune’<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></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>
</div></div>
</div>

Many top business schools saw their MBA grads leave school this year landing record-breaking pay packages of $200,000 and up.

MBA grads from these 6 top business schools landed $200K starting pay packages in 2022

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MBA GRADS FROM THESE 6 TOP BUSINESS SCHOOLS LANDED $200K STARTING PAY PACKAGES IN 2022

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MBA grads from these 6 top business schools landed $200K starting pay packages in 2022

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