Class of 2018 Base Salaries

Base Salaries, by Industry

  Percent (%) Mean ($) Median ($) Min ($) Max ($)
Consulting 30 142,665 147,000 60,000 170,000
Technology 24 127,589 130,000 85,000 159,000
Financial services 20 127,818 125,000 66,235 215,000
    Investment banking 11 128,913 125,000 120,000 150,000
    Investment management 4 116,084 123,768 80,969 125,000
    Private equity, venture capital 2 161,250 155,000 120,000 215,000
    Other 4 115,176 125,000 66,235 130,000
Health care, pharma, biotech 8 121,118 120,000 95,000 130,000
Consumer goods, retail 6 112,083 108,000 87,000 150,000
Manufacturing 5 117,500 118,000 100,000 130,000
Transportation 3 99,300 99,000 72,215 126,984
Media, entertainment, sports 2 130,000 125,000 115,000 150,000
Energy 1 * * * *
Government, non-profit, education 1 * * * *
Hospitality 1 * * * *
Real estate 1 * * * *
All industries 100 130,022 130,000 60,000 215,000

Base Salaries, by Function

  Percent (%) Mean ($) Median ($) Min ($) Max ($)
Consulting 34 140,770 147,000 60,000 170,000
Finance 22 128,194 125,000 80,969 215,000
   Investment banking 11 128,958 125,000 120,000 150,000
   Corporate finance 4 121,000 120,000 110,000 130,000
   Investment management 4 113,794 120,000 80,969 125,000
   Private equity, venture capital 3 149,000 145,000 100,000 215,000
   Real estate 1 * * * *
Marketing 19 117,514 118,500 85,000 145,000
General management 18 127,119 127,000 72,215 156,000
Operations, logistics 6 119,628 120,000 92,535 159,000
Human resources 1 * * * *
Information technology 1 * * * *
All functions 100 130,022 130,000 60,000 215,000

Base Salaries, by Location

  Percent (%) Mean ($) Median ($) Min ($) Max ($)
United States 91 132,111 130,000 85,000 215,000
Northeast (CT, ME, MA, NH, NJ, NY, RI, VT) 46 132,227 130,000 85,000 170,000
    Boston 26 133,411 140,000 85,000 170,000
    New York 16 131,931 125,000 108,000 170,000
    Other 4 124,286 130,000 100,000 130,000
West (AK, CA, HI, ID, MT, NV, OR, UT, WA, WY) 23 131,677 130,000 100,000 170,000
   Seattle 12 127,833 130,000 100,000 147,000
   San Francisco Bay Area 9 137,722 132,500 105,000 170,000
   Other 2 130,000 125,000 120,000 145,000
Midwest (IL, IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, WI) 11 130,182 127,500 95,000 170,000
   Chicago 6 140,654 147,000 95,000 170,000
   Minneapolis-Saint Paul 4 115,214 110,000 100,000 152,500
   Other 1 * * * *
Mid-Atlantic (DC, DE, MD, PA, VA, WV) 4 132,889 125,000 108,000 152,500
Southwest (AZ, CO, NM, OK, TX) 4 128,444 125,000 100,000 152,500
South (AL, AR, FL, GA, KY, LA, MS, NC, SC, TN) 3 145,083 138,750 103,000 215,000
Outside U.S. 9 101,217 112,500 60,000 134,948
Asia 4 102,995 115,000 66,235 126,984
Central America, Caribbean 2 * * * *
Africa 1 * * * *
Canada 1 102,817 92,535 80,969 134,948
Europe 1 * * * *
South America 1 * * * *
All locations 100 130,022 130,000 60,000 215,000

*Values are excluded where the sample size is too small. Values that are greater than 0 but less than 1 are rounded to show presence. Totals may not add to 100 due to rounding.
City names listed include the surrounding metropolitan areas.
All data as of November 2018.