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Harvard Business School, ranked #4 among Global University MBA Rankings by QS (2021), is not only recognized for its rankings and reputation in the world but is also known to generate the highest graduate salaries. Where a student pursuing MBA at Harvard spends $73,440 (54.88 Lakhs INR), the average annual salary bagged by graduates within three months of graduation is around $148,750 (~1Cr).
With recruiters over 1000+ including top names like Bain & Co, Amazon, Deloitte, EY, Goldman Sachs, Google, IBM, JP Morgan Chase, McKinsey, Shell, and more seeking out HBS graduates, students can be assured to land lucrative jobs in the US.
Harvard University Placements: Timeline
- Full-time job postings are made visible to second years in mid-July
- Release of Resume databases in August.
- Recruiting events begin in September
- Interviews are held from September up till November.
- Offers to graduates are made by December.
Harvard University Placements Report
| Student profile at matriculation | 930 |
| International students | 347 (37%) |
| Average post college experience | 5 months |
| Median Base Salary | 150,000 USD |
| Median Signing Bonus | 30,000 USD |
| Other Guaranteed Compensation (median) | 50,000 USD |
| Students receiving signing bonus | 60% |
| Students receiving other compensation | 11% |
| Placed in US | 85% |
| Placed Internationally | 15% |
The Harvard University placements record mentioned above is for the MBA class of 2021.
Harvard University Placements by Industry
Graduates are offered placements in various industries after completing their MBA program. Details of MBA graduate salaries, signing bonuses and more are discussed below:
| Industry | Median Base Salary (USD/year) | Median Signing Bonus (USD/year) | Students Receiving Bonus |
|---|---|---|---|
| Consulting | 165,000 | 30,000 | 95% |
| Consumer Products | 112,000 | 25,000 | 63% |
| Entertainment/Media | 140,000 | 30,000 | 46% |
| Financial Services | 150,000 | 35,000 | 42% |
| Healthcare | 130,000 | 25,000 | 64% |
| Manufacturing | 150,000 | 25,000 | 83% |
| Technology | 140,000 | 35,000 | 58% |
Harvard University Placements by Role
Roles acquired by Harvard graduates and the salaries offered to them are discussed below:
| Role | Share | Median Base Salary (USD) | Signing Bonus (USD) |
|---|---|---|---|
| Business Development | 5% | 140,000 | 30,000 |
| Consulting | 26% | 165,000 | 30,000 |
| Finance | 32% | 150,000 | 35,000 |
| General Management | 14% | 132,000 | 25,000 |
| Marketing | 13% | 140,000 | 35,000 |
| Strategic Planning | 7% | 135,000 | 25,000 |
| Other | 4% | 130,000 | 10,000 |
Harvard University Placements: Industry-wise Salary Statistics
The five-yearly comparison of Harvard Placements for MBA course graduates acquiring various industry roles is given below:
| Role/Median Base Salary (USD) | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Business Development | 140,000 | 135,000 | 130,000 | 130,000 | 130,000 |
| Consulting | 165,000 | 165,000 | 150,000 | 150,000 | 135,000 |
| Finance | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 |
| General Management | 132,000 | 130,000 | 125,000 | 125,000 | 120,000 |
| Marketing | 140,000 | 135,000 | 135,000 | 125,000 | 125,000 |
| Strategic Planning | 135,000 | 135,000 | 130,000 | 120,000 | 117,500 |
| Other | 130,000 | 140,000 | 125,750 | 122,500 | 120,000 |
Harvard University Placements by Location
One of the perks of getting admissions with Harvard University is that you will not only be absorbed by employers from across the world. Job opportunities are not limited to the US, but the world is your playground. Around 15% of the employed graduates with Harvard University placements were offered jobs internationally and 85% were offered roles from firms within the USA.
From within the US and across the world, this is the share of cities in which students were placed:
| Region | Median Base Salary (USD) | Signing Bonus (USD) |
|---|---|---|
| USA | 150,000 | 30,000 |
| Asia | 136,000 | 35,000 |
| Europe | 135,000 | 32,000 |
| Latin America | 88,000 | - |
Harvard University Placements: Entrepreneurship
Around 10% of Harvard graduates became a part of start-ups of 10 years or younger. The median-base salaries recorded for these students was $14,000 a year. Here are some other insights on start-up placements of Harvard graduates:
- 96% were hired by start-ups in the USA while 4% of graduates were hired by European start-ups.
- 22% of graduates were offered roles in general management followed by marketing function roles accounting for 20% of the graduates.
- Technology start-ups were the highest recruiting industry with 53% share followed by healthcare industry (13%) and financial services (10%).
Harvard Internship Placements Report
| Student profile at matriculation | 938 |
| International students | 327 (35%) |
| Average post college experience | 56 months |
| Median Base Salary | 8,000 USD |
| Other Guaranteed Compensation (median) | 4,000 USD |
| Students receiving other compensation | 13% |
| Interning in US | 86% |
| Interning Internationally | 14% |
Some of the insights on the internship opportunities for MBA graduates from Harvard University are:
- Highest share was held by financial services in the industries offering internships (32%), followed by technology (18%) and consulting agencies (17%).
- 32% of the students were offered financial roles, 18% consulting and 14% of internships were offered in business development roles.
88% of the students of MBA class 2021 were seeking internships while 12% were not seen seeking employment.
There are over 50 career-related student clubs at Harvard Business School that range from industry-focused to affinity groups, providing a great way for connecting with a targeted student group. The statistics of previous years suggest that there is a pool of placement opportunities for graduates with MBA degrees from Harvard University. Some of the top recruiters from across the world seek out the opportunity to employ these graduates in industries like technology, consultancy, finances, and more.
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Reviews
4 Reviews Found
Placement:
Placements of Harvard University are famous all over the globe. Talking about the domains after the degree, there are fields such as IT consultant, cyber security consultant, multimedia programmer, system analyst, etc.
Getting into Harvard is somewhat difficult because of its low admission rate of 3.44%. You need to have a GPA of above 4.22 and a TOEFL score of above 90 to have a fair chance of admission. You should get an SAT score of above 1500 to enhance your chances of admission.
Placement:
Average post-study placement is 100%. Once a student graduates from Harvard university his market demand is really high and is looking for pay extra.
It's the best like no other University as good as Harvard in the world rankings. The computer was chosen by me because I found its content interesting.
Placement:
Placement opportunities were a bit dimmer due to the pandemic but Harvard was very supportive and we are all well placed now.
Brand name, Course structure, Location, Academic excellence, Entrepreneurial opportunities, Cross registration opportunities, Faculty, Career opportunities
Placement:
There are many career fairs and generally, Harvard grads are very employable, mainly from the university's name recognition. Engineering is a good field for jobs generally, although not many people are aware Harvard has an engineering program. Many people end up in finance and consulting, although a large portion often goes on to academia or technical jobs. The alumni network is expansive, and connections made at Harvard will help you get into the industry if you know the right people.
Internship:
I did research at a Harvard lab.
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