Here's the salary breakdown for Chicago-Booth's class of 2019, including the industries that are paying its MBA grads the most
- The University of Chicago's Booth School of Business ties for third-best business school, and takes first place for part-time MBAs, according to US News.
- Booth's 2019 Employment Report shows that over 65% of the class of 2019 went into careers in consulting or finance, both of which had the highest median salaries of all reported industries.
- This differs from the industry that yielded the highest median salary for Wharton graduates of the same year, which was legal and professional services.
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Even though recent declines in MBA applications and the rise of alternatives call to question the worth of an elite business school degree, new data shows that MBA grads are more or less making bank.
Such as at the University of Chicago's Booth School of Business, one of the nation's top b-schools.
Booth's 2019 graduating class consisted of 508 students, 483 of whom were seeking employment after graduation. Industries like transportation and retail only drew a handful of grads, while finance, consulting, and technology drew the vast majority- 85.7% to be exact.
While starting median salaries for last year's class of Booth MBAs was $125,000 for the finance industry, this year the average shot up $150,000, similar to Wharton grads going into the same sector. Notably, legal and professional services counted for the highest average at Wharton, but the sector was entirely absent for Booth.
Here are the industries that Booth's class of 2019 entered after graduation, ranked by compensation.