MBA Job Placement, Salaries Up at MIT Sloan

Posted by: Geoff Gloeckler on November 16, 2011

When Businessweek rounded up job placement data from 29 MBA programs in October, you may have noticed that MIT’s data was missing. Not anymore.

MIT’s Sloan School of Management recently submitted employment figures for its 2011 MBA class. Had the school been included in our slideshow, the Best and Worst MBA Job Placement of 2011, it would have been wedged between Dartmouth’s Tuck School of Business (4th) and the University of Pennsylvania’s Wharton School (tied for 5th).

Here’s what the meat of MIT’s slide would have looked like:

Students without job offers three months after graduation
2011: 4 percent
2010: 5.2 percent

Median starting salary
2011: $119,000
2010: $110,000

MIT said the median signing bonus for 2011 MBAs was $20,000. That compares to an average median of about $23,000 for the class of 2010, categorized by job function.

Google returned to Sloan this year as a top hirer for the first time since 2008. The search giant took 10 grads after taking fewer than five each from the classes of 2009 and 2010. It hired seven in 2008. Microsoft, owner of competitor Bing, hired seven Sloan MBAs this year for a total of 28 between the classes of 2008 and 2011.

McKinsey & Co., the Boston Consulting Group, and Bain & Co. were also top employers this year taking 27, 16, and 12 Sloan grads, respectively.

-Erin Zlomek

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