Harvard Business School MBA placement report, 2021 was released by HBS on November 22, 2021. Harvard University has witnessed an increase in its overall median base salary in comparison to the previous year. Currently, the average salary of HBS graduates is 150,000 USD per annum.
Around 12% of the Harvard Business School graduates became entrepreneurs. The b-school has produced 64 founders of business from the batch of 2021. Around 62% of these businesses were supported by co-founders with 40% co-founders from HBS itself. Around 22 businesses founded by HBS graduates are currently making a social impact. Explore: HBS MBA class profile
- Career Outcome: 96% of the job seeking Harvard MBA graduates received an offer within 3 months after graduation, compared to previous year’s record of 90%.
- Employment Offers: Around 92% of graduates accepted the job offers in 2021, which reflects a slight increase in comparison to 83% job acceptances in 2020.
- Compensation: The total median compensation decreased by 1.2% from 193,200-189,850 USD in contrast to a 1.5% increase in last fall term.
- MBA Salary: The average base salary package of Harvard MBA has increased marginally to 150,500 USD.
Harvard Business School MBA Top Employers
Around 680 companies hired each MBA graduate from the class of 2021 and summer interns from the class of 2022 of Harvard Business School. Apple, Amazon, Google, Deloitte, Facebook, Goldman Sachs, IBM, and L’Oreal are some of the big names welcoming HBS students. The school invites recruiting partners to join them in finding the eligible candidates with leadership potentials.
Harvard Business School MBA Placement Trends
Consulting (23%), Technology (19%) and Private equity (14%) are the three leading sectors where Harvard Business School MBA graduates joined. Following is the 5 years trend of these sectors employing students taking admission to Harvard Business School:
HBS MBA Placement Across Industries
The placement report of Harvard Business School across various industries are as follows:
| Industry | Students Receiving Offer | Median Base Salary in USD | Median Signing Bonus in USD |
|---|---|---|---|
| Consulting | 23% | 165,000 | 30,000 |
| Technology | 19% | 150,000 | 32,500 |
| Private Equity | 14% | 160,000 | 25,000 |
| Investment Management/ Hedge Fund | 8% | 165,000 | 50,000 |
| Venture Capital | 7% | 160,000 | 22,500 |
| Healthcare | 6% | 140,000 | 25,000 |
| Investment Banking | 4% | 150,000 | 50,000 |
| Manufacturing | 4% | 137,000 | 32,500 |
| Consumer Products | 3% | 116,000 | 20,000 |
| Entertainment/ Media | 3% | 140,000 | 12,000 |
| Services | 3% | 150,000 | 20,000 |
| Non-Profit/ Government | 3% | 110,000 | - |
| Other Financial Services | 2% | 145,000 | 27,500 |
| Retail | 1% | 135,000 | 15,000 |
HBS MBA Placement Across Functions
Following are the various MBA jobs in USA across which Harvard Business School graduates are currently working:
| Functions | Student Percentage | Average Base Salary in USD | Average Signing Bonus in USD |
|---|---|---|---|
| Finance | 33% | 150,000 | 40,000 |
| Consulting | 25% | 165,000 | 30,000 |
| General Management | 11% | 140,000 | 26,000 |
| Marketing | 11% | 140,000 | 25,000 |
| Strategic Planning | 10% | 150,000 | 25,000 |
| Business Development | 6% | 140,000 | 15,000 |
| Other | 4% | 155,000 | 27,500 |
Harvard Business School MBA Entrepreneurship
Around 12% of the Harvard Business School graduates became a part of startups. Among the 15% of international aspirants moving forward with startup plans, 8% were Asians, which is highest among the international students. The average base salary of the entrepreneurs ranges around 150,000 USD.
At least 22 startups of the Harvard Business School MBA 2021 batch made a social impact making it one of the best business schools in USA. Following is a distribution of the sectors where Harvard Business School MBA graduates are working as entrepreneurs:
| Sectors | Percentage of Students |
|---|---|
| Technology | 48% |
| Healthcare | 16% |
| Consumer Products | 9% |
| Financial Services | 9% |
| Manufacturing | 9% |
| Entertainment/ Media | 3% |
| Services | 3% |
| Nonprofit/ Government | 2% |
Harvard Business School MBA Internships
Following are the percentages of 2022 interns securing a position through Harvard Business School MBA placement. While healthcare, retail and private equity dipped a bit for the 2022 batch, a certain increase has been observed in consulting, technology, venture capital and others. The report of 3 consecutive years are as follows:
| Industry | Percentage of Students in 2022 | Percentage of Students in 2021 | Percentage of Students in 2020 |
|---|---|---|---|
| Consulting | 19% | 17% | 16% |
| Consumer Products | 4% | 4% | 7% |
| Entertainment/ Media | 3% | 4% | 4% |
| Healthcare | 7% | 9% | 7% |
| Investment Banking | 3% | 4% | 3% |
| Hedge Funds | 8% | 6% | 8% |
| Manufacturing | 7% | 7% | 7% |
| Non-profit/ Government | 3% | 4% | 2% |
| Other Financial Services | 3% | 2% | 2% |
| Private Equity | 11% | 12% | 12% |
| Retail | 1% | 2% | 3% |
| Services | 3% | 4% | 3% |
| Technology | 19% | 18% | 20% |
| Venture Capital | 9% | 8% | 5% |
Around 74% of the Harvard Business School graduates were looking for jobs after graduation. Among them, 96% of the aspirants received job offers from several globally leading industries. Around 12% of the students were already employed or studying with sponsorship from their companies. 8% of students were confident enough to start their own business after graduation.
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