Of the 69 business schools appearing on Fortune’s list of those offering the best MBA programs, alumni of Stanford University’s Graduate School of Business earned the highest base salaries straight out of the gate—an average of $156,000, plus an additional $35,000 performance bonus and $26,500 bonus. That’s an average total salary of more than $217,000. What’s more, 85% of 2020 Stanford grads who were seeking a job accepted one within three months of completing their MBA degree.
Salaries for Stanford MBA alums have jumped by 30% during the past decade, as more grads have entered the tech industry and continued securing spots at top consulting and finance companies. This is the sixth consecutive year that Stanford reported a record base salary for its MBA grads.
In 2020, 60% of Stanford grads who reported employment accepted a job on the West Coast. The average West Coast base salary for Stanford grads was $155,000, according to Stanford’s MBA employment report.