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Employment Report

Throughout their careers, Yale MBAs take on a range of challenges across regions and sectors. The variety of employers that hire Yale SOM students is remarkable, reflecting the initiative and creativity that our students bring to shaping their own careers. 

Full-Time: Class of 2021

Job Offer By 3 Mo. Post-Grad
96%
Accepted Job By 3 Mo. Post-Grad
95%
Class size
312
Students Seeking Employment
82%
Overall Salary Data
Base Salary Other Guaranteed Compensation
25th Percentile Median 75th Percentile Median Signing Bonus Median Guaranteed Year-End Bonus
$120,000 $140,400 $165,000 $30,000 $22,950
Demographics
Women 42%
U.S. Students of Color † 29%
Underrepresented U.S. Students of Color †† 13%
International Passport Holders ††† 44%
Median GMAT 720
Median Undergraduate GPA 3.66

Note: at matriculation in fall 2019

† INCLUDES U.S. CITIZENS AND PERMANENT RESIDENTS WHO IDENTIFY AS ASIAN, BLACK, HISPANIC/LATINO, NATIVE AMERICAN/ISLANDER, OR MULTIETHNIC
†† INCLUDES U.S. CITIZENS AND PERMANENT RESIDENTS WHO IDENTIFY AS BLACK, HISPANIC/LATINO, NATIVE AMERICAN/ISLANDER, OR MULTIETHNIC
††† INCLUDES U.S. PERMANENT RESIDENTS AND DUAL CITIZENS

Class of 2021 Full-Time Employment by Industry

Employment by industry: Consulting 34%, Finance: Investment Banking 14%, Technology 10%, Retail: E-commerce 10%, Consumer Packaged Goods 6%, Finance:Diversified Financial Services 4%, Media/Entertainment 4%, Finance: Private Equity 3%, Healthcare/Pharmaceuticals 3%, Energy 3%, Finance:Venture Capital 3%, Government 2%, Nonprofit 1%, Finance: Investment Management 1%, Transportation <1%, Law  <1%, Real Estate <1%, Retail: Other <1%
Salary data by Industry
Industry 25th Percentile Median Base Salary 75th Percentile Median Signing Bonus
Consulting $152,500 $165,000 $165,000 $30,000
Finance: Investment Banking $150,000 $150,000 $150,000 $50,000
Finance: Diversified Financial Services $120,000 $124,250 $139,500 $30,000
Finance: Private Equity $96,000 $125,000 $140,000 *
Finance: Venture Capital * * * *
Finance: Investment Management * * * *
Technology $135,000 $140,000 $159,250 $25,000
Retail: E-commerce $130,000 $130,000 $142,000 $45,000
Retail: Other * * * *
Consumer Packaged Goods $115,000 $120,000 $122,500 $32,500
Media/Entertainment $114,850 $120,000 $136,250 *
Healthcare/Pharmaceuticals $120,000 $120,000 $123,800 $30,000
Energy $117,500 $125,000 $133,250 *
Government $72,750 $95,000 $110,000 *
Nonprofit * * * *
Transportation * * * *
Law * * * *
Real Estate * * * *

* insufficient data or data not published to maintain student privacy

Class of 2021 Full-Time Employment by Function

Employment by Function:  External Consulting 34%, Internal Consulting/Strategy 14%, Finance/Accounting 27%, General Management 9%, Marketing/Sales 9%, Operations/Logistics 4%, Other 2%, Law 1%
Salary Data by Function
Job Function 25th Percentile Median Base Salary 75th Percentile Median Signing Bonus
Consulting: External Consulting $151,250 $165,000 $165,000 $30,000
Consulting: Internal Consulting/Strategy $120,650 $136,500 $148,750 $25,000
Finance/Accounting $120,000 $145,000 $150,000 $47,500
General Management $120,000 $124,250 $130,000 $40,000
Marketing/Sales $122,500 $140,000 $144,000 $35,000
Operations/Logistics $90,000 $120,000 $130,000 $30,000
Other $134,000 $135,000 $140,400 *
Law * * * *

* insufficient data or data not published to maintain student privacy

Hires by U.S. Regions

Hires by U.S. region: Northeast 52%, West 26%, Midwest 8%, Mid-Atlantic 6%, Southwest 5%, South 3%
Full-time hires in the Class of 2021 within the U.S.
92%
Median base salary for U.S. hires
150K
Median base salary by region
Region Salary
Northeast $150,000
West $135,000
Midwest $132,500
Mid-Atlantic $132,250
Southwest $162,500
South $157,500

Hires by International Regions

International hires: Asia 40%, Europe 30%, South America 10%, Central America and Caribbean 10%, Canada 5%, Africa and Middle East 5%
International full-time hires in the Class of 2021
8%
Median base salary for international hires
103K
Median base salary by region
Region Salary
Asia $103,629
Europe $106,313
South America *
Central America and Caribbean *
North Africa and Middle East *
Canada *
Africa *

* insufficient data or data not published to maintain student privacy

Students Not Seeking Employment
53 18%
Company Sponsored 23 7.4%
Continuing Education 16 6.1%
Starting Own Business 11 3.5%
Not Seeking, Other 2 0.6%
Postponing Search 1 0.3%
No Response 3 1.0%

Class of 2021 Notes

1. Compensation information is self reported. Of students reporting accepted offers, 93.4% included salary information.

2. Of those reporting salary information, 76.4% reported receiving a signing bonus and 8.4% reported receiving a guaranteed year-end bonus. In order to be noted in tables for Signing Bonus, function and industry must have at least 50% reporting signing bonus.

3. Of students reporting accepted offers, 99.6% included job industry and function and 97.5% of students included region.

4. “Other” function consists of Sustainability (0.8%), Information Technology (0.4%), Human Resources (0.4%), and Engineering (0.4%)

5. Two (2) additional full-time hiring firms in the Media/Entertainment industry and one (1) in the Healthcare industry are also registered nonprofit or not-for-profit organizations.

Internships: Class of 2022

Accepted Job Offers
100%
Class Size
352
Weekly Salary
25th Percentile Median 75th Percentile
$1,250 $2,000 $2,884
Class of 2022 Demographics
Women 39%
U.S. Students of Color † 32%
Underrepresented U.S. Students of Color †† 11%
International Passport Holders ††† 40%
Median GMAT 720
Median Undergraduate GPA 3.65

Note: at matriculation in fall 2020

†INCLUDES U.S. CITIZENS AND PERMANENT RESIDENTS WHO IDENTIFY AS ASIAN, BLACK, HISPANIC/LATINO, NATIVE AMERICAN/ISLANDER, OR MULTIETHNIC
††INCLUDES U.S. CITIZENS AND PERMANENT RESIDENTS WHO IDENTIFY AS BLACK, HISPANIC/LATINO, NATIVE AMERICAN/ISLANDER, OR MULTIETHNIC
†††INCLUDES U.S. PERMANENT RESIDENTS AND DUAL CITIZENS

Class of 2022 Internship Employment by Industry

Internships by industry: Consulting Services 25%, Finance: Investment Banking 12%, Finance: Investment Management (6%, Finance: Diversified Financial Services 4%, Finance: Venture Capital 4%, Finance: Private Equity 3%, Technology 8%, Consumer Packaged Goods 6%, Nonprofit 6%, Retail: E-commerce 5%, Retail: Other 1%, Healthcare/Pharmaceuticals 5%, Government 3%, Media/Entertainment 3%, Transportation 3%, Manufacturing 2%, Energy 1%, Real Estate 1%, Other 1%, Hospitality 1%
Internship Salary Data by Industry
Industry 25th Percentile Median Weekly Salary 75th Percentile
Finance: Investment Banking $2,192 $2,884 $2,885
Finance: Investment Management $889 $1,500 $2,052
Finance: Diversified Financial Services $1,630 $2,115 $2,167
Finance: Venture Capital $1,040 $1,186 $1,494
Finance: Private Equity $1,120 $1,250 $2,885
Consulting Services $2,452 $3,000 $3,115
Technology $1,621 $1,846 $1,949
Consumer Packaged Goods $1,160 $1,500 $1,846
Retail: E-commerce $2,125 $2,125 $2,350
Retail: Other * * *
Nonprofit $208 $538 $854
Healthcare/Pharmaceuticals $877 $1,294 $1,690
Government $715 $775 $893
Media/Entertainment $1,200 $1,280 $1,800
Transportation $1,213 $1,568 $1,689
Manufacturing $1,564 $1,896 $2,262
Energy $1,000 $1,280 $1,600
Real Estate * * *
Other * * *
Hospitality * * *

* insufficient data or data not published to maintain student privacy

Class of 2022 Internship Employment by Function

Internships by function: Finance/Accounting 28%, External Consulting 25%, Internal Consulting/Strategy 17%, Marketing/Sales 13%, General Management 8%, Operations/Logistics 4%, Other 2%, Sustainability 1%, Information Technology 1%, Research and Development 1%
Internship Salary data by Function
Function 25th Percentile Median Weekly Salary 75th Percentile
External Consulting $2,479 $3,000 $3,115
Internal Consulting/Strategy $744 $1,280 $1,848
Finance/Accounting $1,282 $2,115 $2,885
Marketing/Sales $1,150 $1,779 $2,046
General Management $1,038 $1,775 $2,125
Operations/Logistics $1,130 $1,573 $1,793
Other $369 $1,700 $2,115
Sustainability * * *
Information Technology * * *
Research and Development * * *

* insufficient data or data not published to maintain student privacy

Internships by U.S. Regions

Internships by U.S. region: Northeast 52%, West 24%, Midwest 6%, Mid-Atlantic 11%, Southwest 4%, South 3%
Internship hires in the Class of 2022 within U.S.
89%
Median weekly salary for U.S. internships
2K
Median weekly salary by region
Region Salary
Northeast $2,308
West $1,840
Mid-Atlantic $1,700
Midwest $1,840
South $2,800
Southwest $1,846

Non-US Internships by International Region

Internships by International Region: Asia Pacific 53%, Europe 16%, Canada 13%, Central America and Caribbean 11%, South America 5%, Africa and Middle East 3%
Median weekly salary by region
Region Salary
Asia $1,126
Europe $2,193
Canada $2,823
South America *
Central America and Caribbean *
North Africa and Middle East *
Africa *

* insufficient data or data not published to maintain student privacy

Students Not Seeking Employment
23 6.5%
Company Sponsored 9 2.6%
Starting Own Business 11 3.1%
Continuing Education 3 0.9%
No Information 2 0.6%

Class of 2022 Notes

1. Compensation information is self reported. Of accepted offers, 92.5% included salary information. Of those, 6.6% reported receiving no salary. Salary data presented above represents students who reported salary information and were paid a salary. Of reported paid and unpaid salaries, 6.9% were expected to be supplemented by the Yale SOM Internship Fund, a donor-supported fund that provides financial support to students who pursue summer internships in the public or nonprofit sector. This funding is not included in the salaries presented above.

2. One hundred percent of accepted offers included job industry and job function; 98.0% of accepted job offers included job region.

3. “Other” industry consists of Law (0.3%), Human Capital/Org Development/Executive Search (0.3%),and Funeral Services (0.3%).

4. “Other” function consists of Social Impact (0.6%), Law (0.3%), Human Resources (0.3%), Healthcare (0.3%), Design (0.3%), and Real Estate (0.3%).

5. Of students accepting internships, 17 (5.1%) reported having multiple internships.

6. Of students accepting internships, 1 (0.3%) also reported starting their own venture.