Class of 2019 Base Salaries

Base Salaries, by Industry

  Percent (%) Mean ($) Median ($) Min ($) Max ($)
Consulting 38 152,522 165,000 53,673 170,000
Financial services 24 136,098 145,000 38,505 200,000
    Investment banking 9 146,588 150,000 92,000 150,000
    Private equity, venture capital 4 141,667 147,500 95,000 200,000
    Investment management 3 136,250 135,000 125,000 150,000
    Other 8 121,900 125,000 38,505 170,000
Technology 19 128,499 126,000 80,000 180,000
Health care, pharma, biotech 5 130,400 130,000 115,000 145,000
Manufacturing 4 120,652 120,000 104,865 140,000
Consumer goods, retail 4 125,933 130,000 105,000 140,000
Real estate 2 125,359 127,500 101,438 145,000
Transportation 2 * * * *
Media, entertainment, sports 1 * * * *
Government, nonprofit, education 1 * * * *
Hospitality 1 * * * *
Energy 1 * * * *
All industries 100 139,046 140,000 38,505 200,000

Base Salaries, by Function

  Percent (%) Mean ($) Median ($) Min ($) Max ($)
Consulting 44 150,359 160,000 53,673 170,000
Finance 17 139,346 150,000 95,000 200,000
   Investment banking 8 147,941 150,000 115,000 150,000
   Private equity, venture capital 3 133,573 123,219 95,000 200,000
   Corporate finance 2 130,000 130,000 110,000 150,000
   Investment management 1 136,667 135,000 125,000 150,000
   Researcy 1 * * * *
   Real estate 1 * * * *
   Private wealth management 1 * * * *
General management 15 126,145 125,000 116,000 145,000
Marketing 10 123,095 120,000 80,000 180,000
Operations, logistics 7 126,305 130,000 104,865 140,000
Other 7 129,883 132,500 38,505 175,000
Human resources 1 * * * *
All functions 100 139,046 140,000 38,505 200,000

Base Salaries, by Location

  Percent (%) Mean ($) Median ($) Min ($) Max ($)
United States 90 142,329 145,000 80,000 200,000
Northeast (CT, ME, MA, NH, NJ, NY, RI, VT) 54 141,785 150,000 80,000 200,000
    Boston 30 142,381 145,000 80,000 200,000
    New York 22 141,664 150,000 92,000 170,000
    Other 2 133,750 130,000 125,000 150,000
West (AK, CA, HI, ID, MT, NV, OR, UT, WA, WY) 15 142,174 140,000 114,400 180,000
   San Francisco 7 147,279 141,000 114,400 180,000
   Seattle 5 141,000 136,000 118,000 165,000
   Other 3 130,700 133,500 115,000 150,000
Midwest (IL, IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, WI) 8 148,026 150,000 115,000 170,000
   Chicago 6 152,679 163,750 115,000 170,000
   Minneapolis-Saint Paul 1 152,500 152,500 140,000 165,000
   Other 1 123,333 125,000 120,000 125,000
Mid-Atlantic (DC, DE, MD, PA, VA, WV) 6 135,892 125,000 109,700 165,000
Southwest (AZ, CO, NM, OK, TX) 5 139,750 150,000 105,000 170,000
South (AL, AR, FL, GA, KY, LA, MS, NC, SC, TN) 1 * * * *
Outside U.S. 10 106,217 108,160 38,505 135,000
Asia 4 124,324 129,785 97,461 135,000
Central America, Caribbean 2 81,402 81,052 38,505 125,000
South America 2 92,839 92,839 82,356 103,322
Europe 1 105,793 107,781 101,438 108,160
Canada 1 * * * *
Africa 1 * * * *
All locations 100 139,046 140,000 38,505 200,000

*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. Region totals may differ from U.S. total due to unavailable city-level data
All data as of November 2019.