Class of 2017 Base Salaries

Base Salaries, by Industry

  Percent (%) Mean ($) Median ($) Min ($) Max ($)
Consulting 33 141,303 147,000 81,051 199,400
Financial services 20 132,356 125,000 45,551 325,000
    Investment banking 10 127,092 125,000 120,000 150,000
    Investment management 3 117,936 125,000 45,551 150,000
    Private equity, venture capital 3 175,833 150,000 125,000 325,000
    Other 4 127,500 135,000 90,000 140,000
Technology 20 121,832 121,000 79,606 147,000
Consumer goods, retail 11 104,773 105,000 75,000 130,000
Health care, pharma, biotech 5 115,000 115,000 90,000 130,000
Manufacturing 4 118,889 120,000 115,000 120,000
Energy 2 122,000 121,500 105,000 140,000
Nonprofit, government 2 * * * *
Media, entertainment 1 * * * *
Real estate 1 * * * *
Other 1 * * * *
All industries 100 127,986 125,000 45,551 325,000

Base Salaries, by Function

  Percent (%) Mean ($) Median ($) Min ($) Max ($)
Consulting, strategy 38 139,214 145,000 81,051 199,400
Finance 22 129,293 125,000 45,551 325,000
   Underwriting, advising 10 128,551 125,000 125,000 150,000
   Private equity, venture capital 5 163,889 150,000 125,000 325,000
   Corporate finance 4 111,600 105,000 100,000 130,000
   Investment management 2 108,425 125,000 45,551 130,000
   Real estate 1 102,167 115,000 51,500 140,000
Marketing 21 114,766 116,000 75,000 144,000
General management 15 120,875 121,500 90,000 147,000
Operations, logistics 3 113,087 110,000 79,606 135,000
Other 1 * * * *
All functions 100 127,986 125,000 45,551 325,000

Base Salaries, by Location

  Percent (%) Mean ($) Median ($) Min ($) Max ($)
United States 92 130,199 125,000 51,500 325,000
Northeast (CT, ME, MA, NH, NJ, NY, RI, VT) 46 134,197 130,000 75,000 325,000
    Boston 23 139,952 135,000 100,000 325,000
    New York 19 129,535 125,000 75,000 199,400
    Other 4 121,667 120,000 95,000 140,000
West (AK, CA, HI, ID, MT, NV, OR, UT, WA, WY) 23 125,292 123,000 90,000 152,500
   San Francisco Bay Area 11 125,310 125,000 90,000 152,500
   Seattle 8 127,525 123,000 116,000 152,500
   Los Angeles 3 120,333 120,000 100,000 152,000
   Other 1 * * * *
Midwest (IL, IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, WI) 9 130,289 125,000 92,000 170,000
   Chicago 5 142,000 147,000 100,000 170,000
   Minneapolis-Saint Paul 3 115,071 108,000 92,000 152,500
   Other 1 * * * *
Mid-Atlantic (DC, DE, MD, PA, VA, WV) 6 127,542 125,000 80,000 152,500
Southwest (AZ, CO, NM, OK, TX) 5 127,000 125,000 100,000 154,000
South (AL, AR, FL, GA, KY, LA, MS, NC, SC, TN) 3 115,500 115,000 51,500 152,000
Outside U.S. 8 98,768 94,753 45,551 128,116
Asia 3 102,670 120,000 45,551 128,116
Central America, Caribbean 2 * * * *
Europe 2 107,374 108,151 94,753 118,441
South America 1 84,093 84,222 79,606 88,451
All locations 100 127,986 125,000 45,551 325,000

*Values are excluded where the sample size is too small.
City names listed include the surrounding metropolitan area.
All data as of November 2017.