MIT Sloan School of Management: 2021 MBA Jobs

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The Classes of 2021 and 2022 of MIT Sloan accepted opportunities at 342 companies, pursuing pathways for impact and advancement at leading and growing organizations all over the world. The Sloan School continued to receive job offers despite the coronavirus, with 95.5 % obtaining offers after 90 days and 91.1% accepting.

The median base income for the Class of 2021 was USD 150,000, with an average base salary of USD 148,075 including the average signing bonus was 30,000 USD.
70.5% of graduates reported receiving guaranteed remuneration in addition to a signing bonus, with an average value of $34,000 and a median value of USD 65,000.
Consulting (28.3%), Technology (25.0%), Finance (21.4%), and Pharma/Health/Biotech (21.4%) were the top industries for the Class of 2021. (9.8%).
Employers who employed Sloan MBAs for full-time roles or internships accounted for 48.6% of Class of 2021 grads who accepted positions, while 53.5% of the firms that hired Sloanies this year did so for the first time.

Top Employers of MBA Class of 2021

During the harshest months of the Covid-19 outbreak last year, placement rates for MIT Sloan graduates barely declined. This year, the average base salary increased to USD 144,140 while the median base salary increased to USD 150,000. 48.6% of students who accepted positions went to work with employers who hired three or more Sloanies for full-time roles or internships, and 53.5% of the organizations that hired Sloanies this year did so for the first time.

Company	No. of Hires
McKinsey & Company	30
The Boston Consulting Group	29
Amazon	12
Bain & Company	11
Google	09
JP Morgan Chase & Co.	04
Morgan Stanley	04
Rivian	04
Amgen	03
HelloFresh	03
IBM	03
Nike	03

MBA Class Of 2021 Full-Time Base Salary By Industry

Top industries for MIT 2021 MBAs were once again consulting (28.3%), tech (25.0%), finance (21.4%), and pharma (9.8%). Consulting and tech have been neck-and-neck as the top choices of MIT MBAs in recent years, but this year consulting ruled the roost as tech went down.

Industry	Percentage	Mean	Median
Service Industries	795	147,220	150,000
Consulting	31	157,530	165,000
Software/Internet	25	137,715	138,500
Financial	19	146,207	150,000
Investment Banking/Brokerage	8	143,000	150,000
Investment Management	4	141,500	140,000
Private Equity	4	158,800	172,500
Venture Capital	2	140,000	150,000
Diversified Financial Services	1	146,000	145,000
Retail	2	126,667	122,500
Media/Entertainment/Sports	1	145,000	125,000
Other Service (Incl Real Estate)	2	132,500	135,000
Manufacturing Industries	18	134,049	130,000
Pharma/Healthcare/Biotech	6	131,000	132,500
Auto/Aerospace	3	140,625	145,000
Consumer Products	3	112,600	120,000
Computers/Electronics	2	170,000	160,000
Other	2	109,917	110,000
Nonprofit	1	124,000	122,000

Top Industry Employers Of MIT Sloan MBAs

Class of 2021 Salary by Geographic Location

In 2021, the Northeast claimed most Sloan grads with around 40%, However, the lure of West America (28%) and San Francisco (15%) continued to be strong with 28% and 15%. Mentioned below is the region-wise distribution of Soland grads throughout the world:

Region	Average Salary (in USD)
North America	149,874
Europe	143,333
Asia	138,223
Latin America & The Caribbean	107,143

MBA Class Of 2021 Full-Time Signing Bonus Received By Job Function

The top 3 functions chosen by graduates of the MIT Sloan MBA program are Consulting/Strategic Planning, Product Management, and Finance. Following is a breakdown of employment by function.

Signing Bonus by Job Function	Average Salary (in USD)
Consulting/Strategic Planning	29,382
Finance	36,103
Operations/Project Management	31,620
Product Management/Development	28,792
Leadership Development Program/General Management	21,861
Business Development	23,500
Marketing	45,000

Top Employers Of MBA Class Of 2022 Interns

Top employers of the 2020 MBA class of MIT Sloan in different industries are

Company	No. of Hires
The Boston Consulting Group	33
Amazon	25
McKinsey & Company1	14
Google	12
Bain & Company	11
Goldman Sachs	8
Apple	5
Capital One	5
Cisco	4
Facebook	4
JP Morgan Chase & Co.	4
Nike	4
Bank of America Merrill Lynch	3
Danaher Corporation	3
DraftKings	3
Evercore	3
EY-Parthenon	3

MBA Class Of 2022 Internship Monthly Base Salary By Industry

For the MBA Class of 2021, the top internship industries were finance (26.6%), technology (25.1%), and consulting (16.9%), with 31% accepting internships at MIT’s top hiring companies. And for the MBA Class of 2022, the top internship industries were finance (26.2%), tech (25.6%), and consulting (21%), with pharma/healthcare/biotech (7.3%).

Of the 405 total graduates in the Class of 2020, 57, or 14.1%, were sponsored and planned to return to their companies; that was up from 46 (11.4%) in 2019. Fewer planned to start their own business, however: just 14, or 3.5%, down from 6.7% in 2019. This year, 76 Sloanies (18.7%) were sponsored and returning, and 17 (4.2%) were planning to become entrepreneurs.

In 2021, the median salary rose to USD 150,000, the signing bonus was flat, and “other” shrank to USD 11,000.