2023 MBA Pay: Technology

Silicon Valley…Silicon Beach…Silicon Hills…Silicon Alley. Even the triangle connecting Kansas City, Omaha, and Des Moines has been dubbed Silicon Prairie. Yeah, tech is hot and young MBAs want to work in a space where they can build (and get rich too). Starting out, Stanford GSB definitely achieved the latter. Their 2023 Class averaged $178,673 in Technology, with a ceiling of $290,000. The University of Maryland’s Smith College ranked 2nd with a $169,067 base – an anomaly considering the average is based on three students. True to form, two universities associated with technology – UC Berkeley and MIT – produced MBA students who earned starting annual pay over $160,000 on average. When it comes to Technology, it is the highest bases that grab the headlines. Picture 14 schools with one or more graduates enjoying a base of $200,000 or more. That’s better than consulting. In fact, Columbia Business School and Harvard Business School both produced grads who pocketed $300,000 or more to start – and MIT Sloan came close with a $290,000 offer. Let’s just say a rising tide raises all boats, as Maryland Smith, Boston University Questrom, Washington University Olin, Rochester Simon, and the University of Wisconsin all had at least one grad who made between $186,000 and $194,000.