Nov 23, 2011

How much do MBA Interns of top business schools earn?

First, the surprise - Stanford at 17th?  Well, a high percentage (~18%)of its class goes to internet/dot coms/e commerce companies (compared to just ~ 4% in Columbia's case) that pays lot less to interns than traditional industries such as finance and consulting. The interns pay is more a function of the industry they choose to work in than a reflection of school's attractiveness in pulling high paying recruiters. In reality, the internship wages is nothing but just a small change in the grand scheme of things.

Now, the good news - Most of the schools, in fact , 21 of the 25 schools reported increases in the median weekly pay over previous year! Cornell's a whooping ~17% increase!!!

Here is the complete list -

School2010 Weekly Pay   2009 Weekly Pay      Difference
Chicago (Booth)$1,944$1,7908.6%
New York (Stern)$1,923$1,7887.6%
Northwestern (Kellogg)$1,875$1,66712.5%
Pennsylvania (Wharton)$1,846$1,7773.9%
Harvard Business School$1,732$1,5998.3%
Virginia (Darden)$1,706$1,5639.1%
Dartmouth (Tuck)$1,704$1,6413.8%
MIT (Sloan)$1,700$1,6254.6%
Berkeley (Haas)$1,617$1,4789.4%
Carnegie Mellon (Tepper)$1,617$1,43013.1%
Cornell (Johnson)$1,615$1,38516.6%
Michigan (Ross)$1,600$1,40314.0%
Emory (Goizueta)$1,600$1,5503.2%
Indiana (Kelley)$1,580$1,40012.9%
Duke (Fuqua)$1,577$1,40312.4%
Texas-Austin (McCombs)$1,501$1,3858.4%
UCLA (Anderson)$1,500$1,33112.7%
UNC (Kenan-Flagler)$1,500$1,500
Georgetown (McDonough)$1,455$1,27314.3%
Notre Dame (Mendoza)$1,343$1,18912.9%
Vanderbilt (Owen)$1,333$1,350-1.3%

Source: Business schools reporting to Bloomberg BusinessWeek with supplemental employment reports from schools. Weekly pay is expressed as median compensation. From - Poets and Quants.

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