Associated Press
New York Stock Exchange CEO Duncan Niederauer, with hat, and Garth Saloner, Dean of the Stanford Graduate School of Business, ring the closing NYSE bell, via video teleconference, with hundreds of other Stanford MBA students on the Stanford University campus, Dec. 2, 2010.
- Stanford's Graduate School of Business 2019 employment report highlights starting salaries and trends in its most recent graduating class.
- Jamie Schein, Stanford GSB's career management center head and assistant dean, said median and mean base salaries increased from last year by 6% and 5% respectively
- Social impact roles, such as sustainable supply chain management, increased in number this year, more women chose entrepreneurship, and there were record-breaking salaries.
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Stanford's Graduate School of Business is the highest ranked in the US, according to Bloomberg, and graduates from the program go on to earn salaries well in the six figures.
Each year, the school releases an employment and compensation report, highlighting salaries and trends in the most recent graduating class.
This year, both mean and median base salaries increased for the fifth consecutive time.
Only 5.1% of applicants were accepted into the class of 2019, for a total of 418 students. A majority (70%) of these students actively sought work, while 15% indicated that they wanted to start a new venture after graduating. Interest in starting new ventures decreased by one percentage point from the previous class.
Jamie Schein, assistant dean of Stanford GSB and head of the center for career management, pointed to three trends within the compensation report.
1. Social impact roles increased by 50% this year. Schein defines jobs in social impact as those with a corporate social responsibility focus.
"I think a great example is a sustainable supply chain," Schein said. "So you might be going into supply chain management, but the thing that is motivating you to go in that direction is that you're interested in promoting sustainability. So it looks like a regular old operations or supply chain role, but the motivation is really around the impact that it has on say climate change."
2. The percentage of women pursuing entrepreneurship has nearly doubled in the past 10 years.
Women comprised 40% of students who participated in venture-related activities, nearly double the percentage 10 years ago.
"The percentage of our students going into entrepreneurship is equal to their representation in the class in general," Schein said. "So we like to see that."
3. This year's graduating class posted record-high salaries.
Median and mean base salaries increased from last year by 6% and 5% respectively. More than half of the class that sought a job received a signing bonus, which had a median of $25,000.
Here are the average base salaries that the Stanford class of 2019 received post-graduation, and the percentage of students that went into each industry. The percentage excludes students who are company-sponsored (8%) or starting a new business (15%).