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MBA Salaries On The Rise Among Top Business Schools Including NYU Stern & Berkeley Haas

MBA salaries at some of the world’s best business schools such as NYU Stern and Berkeley Haas are on the rise despite declining application figures

Tue Oct 25 2022

If there was ever justification needed for the value of joining business school amid a bleak and fraught economic climate, reports of surging salaries among business school grads who joined during the pandemic serve as just that. 

Despite the downturn in MBA applications, particularly among the US domestic market, recent school reports from the likes of NYU Stern School of Business and Virginia Darden School of Business show that MBA salaries for those graduating in 2022 are, in fact, booming.

Surging MBA salaries at business schools

NYU Stern is leading the pack of MBA grads with record-breaking salaries after releasing its employment report that showed median base salaries for the Class of 2022 have reached a huge $170k—this is a $15k increase from the previous cohort. 

The New York City-based school has confirmed the average total compensation for its grads was roughly $196k, which presents an almost 8% rise from 2021 and the school’s highest ever figure to date.

The University of California’s Berkeley Haas School of Business follows suit in this upward trend of MBA salaries. MBA grads from the Haas Class of 2022 landed a median salary of $155k—this is a $6k rise from the previous year’s figures. 

There is also good news from schools lower down the Financial Times MBA Ranking 2022. Grads from the University of Virginia’s Darden School of Business managed to land median base salaries of $175k—a record-breaking achievement for the school. 

At the University of Michigan’s Ross School of Business, MBA grads amassed median salaries of $165k, which shows a whopping $21k increase. 

Consulting and tech companies drive MBA jobs boom

The good news is that MBA grads are highly sought after by top consulting companies, and this rings particularly true for NYU Stern.

NYU Stern grads who launched into consulting careers landed median base salaries of around $175k. 

Financial services and tech also ranked as popular sectors for NYU Stern grads.

Top employers of NYU Stern grads included Big Three Consulting firm Boston Consulting group, Amazon, and EY.

At Berkeley Haas, the technology sector has driven the MBA jobs boom: around 33% of grads entered tech. Meanwhile, consulting and finance followed closely behind, with around 28% and 14% grads joining these industries, respectively. 

These figures show that top companies are always on the lookout for ambitious MBAs, particularly those who’ve knuckled down during the Covid pandemic. 

Many MBA grads will be glad to see that the return on investment (ROI) of MBA programs is seemingly stronger than ever. 

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Student Reviews

New York University - Leonard N. Stern School of Business




On Campus

What built my love for NYU

My involvement with NYU has been astonishing thanks to individuals there, yet I truly do figure they could improve in the area of offering understudies sage monetary guidance. I only have more inquiries in regards to my school consistently. I truly like how different and comprehensive my school is generally speaking. By and large, individuals are thoughtful, well disposed, and exceptionally splendid. I'm propelled to work harder by my incredible speakers and companions. Assets and encounters are unparalleled. In spite of the fact that it isn't a great fit for everybody, I love going to a major metropolitan school. The main things I need were that it was more affordable and farther away from my folks.




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NYU is known for its focus on providing students with hands-on experiences. They offer numerous opportunities for exploration. The classes are enjoyable, and the professors display genuine passion for both their subjects and their students. The professors at NYU are highly knowledgeable in their fields and are always available to lend a helping hand as long as you make the effort to approach them. Joining a research laboratory is highly encouraged and can provide you with priceless experience. The professors not only care for students but are also highly intelligent. They prioritize the success of their students in their future careers.




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NYU's Graduate Acting program has consistently been recognized in the world's top 5 acting graduate programs for years. With an unprecedented pandemic commencing in my first year in the program, I experienced the type of innovation worthy of that world recognition. The ability to pivot entirely, yet maintain an extremely high level of education was truly profound. I consistently found myself being pushed in ways I wasn't aware I needed to be. The access to industry professionals for advice, guidance, and leadership means the transition after graduation is much less daunting than going it alone.




On Campus

Simply the best school

This school is truly outstanding. In essence, there is no other educational institution that can surpass its exceptional performance and unparalleled attention to detail. It not only boasts state-of-the-art equipment, but also houses exceptional professors who are available to guide and instruct students on their usage.




On Campus

Quality curriculum

NYU is a wonderful school where you can really learn anything you want to know. New York College gives probably the best training inside a city climate. I can see NYU becoming a leader in the technology and infrastructure industries thanks to its rapidly expanding engineering school. I love the delightful way proficient the teachers are and how the educational plan is set up.




On Campus

Amazing school environment

The campus of New York University is very diverse, has excellent programs, and the professors are nice. NYU's location is fantastic because it is close to Manhattan. There is so much to learn about and such a lively environment created by the city. Additionally, I believe that the urban location of the campus aids students in developing important life skills.




On Campus

Transformative experience

The experience of going to New York University (NYU) has been transformational. An environment that is conducive to study is created by the lively campus and multicultural community. NYU provides a comprehensive education that goes beyond the classroom thanks to the access to limitless opportunities in the center of New York City. The student experience is further improved by the support services and extracurricular activities. I wholeheartedly endorse NYU as a fantastic university.





This programe was strong!

The studies we're great, I learned the ins & outs of modern history. The subjects taught were on point (biology, art, etc.) The staff was well trained and were very helpful and kind. Facilities were also on point. The pricing can be a bit expensive though, but it is worse in Massachusetts.





NYU's Undergrad Accounting

The Stern School of Business provides the undergraduate accounting program at New York University. Students are prepared for careers in accounting, finance, and related fields through this highly regarded program. In addition to a comprehensive business education, the program provides students with a solid foundation in accounting principles. The educational program remembers courses for monetary bookkeeping, administrative bookkeeping, tax collection, evaluating, and data frameworks. Economics, statistics, finance, and management are also required courses for students. Through internships and other experiential learning opportunities, students have the opportunity to gain practical experience in addition to the coursework. Additionally, the program has strong connections to leading accounting firms, which may offer students a route to employment opportunities after graduation. By and large, the undergrad bookkeeping program at New York College is a thorough and extensive program that can give understudies the abilities and information they need to prevail in the field of bookkeeping.




On Campus

Journalism program

The best professors!!!! Really talented and experienced, full of knowledge and gave really a hands on education. We worked like a real newsroom, got assigned stories and were given the tools to go after them.