US News data: Job rates, starting salaries for MBA grads

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What's the Point of an Expensive MBA?

U.S. News released the 2017 Best Business Schools today, giving prospective students information on class sizes, tuition and fees, and more for 129 ranked business schools.

Aspiring MBAs often want to know how soon they'll be employed once they get their degree and how much they'll make – and U.S. News has data on both.

A full-time, two-year MBA program can cost six figures, making it critical that applicants weigh how much debt they're willing to incur and what kind of salary they'd like to have when they graduate before enrolling in school. The sooner they get a job, the faster they can start rebuilding their finances.

At two schools – Coastal Carolina University in South Carolina and the University of South Florida – 100 percent of 2015 MBA graduates were employed three months after graduation. Among all ranked MBA programs, the average was 84 percent.

VIEW: US News Top Business Schools of 2017

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Top Business Schools of 2017 (US News)
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US News data: Job rates, starting salaries for MBA grads

1. Harvard University (Boston, MA)

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(Tie) 2. Stanford University (Palo Alto, CA)

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(Tie) 2. University of Chicago, Booth (Chicago, IL)

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4. University of Pennsylvania, Wharton (Philadelphia, PA)

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(Tie) 5. Massachusetts Institute of Technology (Cambridge, MA)

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(Tie) 5. Northwestern University, Kellogg (Evanston, IL)

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7. University of California Berkeley, Haas (Berkeley, CA) 

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(Tie) 8. Dartmouth College, Tuck (Hanover, NH)

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(Tie) 8. Yale University (New Haven, CT)

10. Columbia University (New York, NY)

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One part of getting that first job is negotiating salary. ​MBA grads often work in finance, marketing, consulting and supply chain management. These fields can vary in terms of how much they pay, but business school graduates usually​ command a competitive salary across the board.

Harvard Business School's 2015 graduates had the highest average starting salary and bonus: $149,784. Alumni from the Tuck School of Business at Dartmouth College, however, were close behind. Its 2015 graduates had an average starting salary and bonus of $148,025.

Almost half of the 128 ​ranked schools​ that submitted salary data to U.S. News had an average starting salary and bonus of more than $90,000 for their 2015 graduates.

The average for all schools was $91,940.

Follow the MBA Admissions: Strictly Business blog for advice on getting into school, and visit our Best Jobs for MBAs section to learn about career options for graduates.

Copyright 2015 U.S. News & World Report

RELATED: The Top Law Schools of 2016

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US News data: Job rates, starting salaries for MBA grads

8. University of Virginia

Location: Charlottesville, Virginia
Full-time enrollment: 1,005
Full-time 2014-2015 tuition and fees: $51,800 in-state, $54,800 out-of-state

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8. University of California - Berkeley

Location: Berkeley, California
Full-time enrollment: 890
Full-time 2014-2015 tuition and fees: $48,166 in-state, $52,117 out-of-state

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8. Duke University

Location: Durham, North Carolina
Full-time enrollment: 643
Full-time 2014-2015 tuition and fees: $55,588

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7. University of Pennsylvania

Location: Philadelphia, Pennsylvania
Full-time enrollment: 756
Full-time 2014-2015 tuition and fees: $56,916

Photo: Matt Rourke, AP

6. New York University

Location: New York, New York
Full-time enrollment: 1,423
Full-time 2014-2015 tuition and fees: $56,838

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4. University of Chicago

Location: Chicago, Illinois
Full-time enrollment: 604
Full-time 2014-2015 tuition and fees: $55,503

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4. Columbia University

Location: New York, New York
Full-time enrollment: 1,170
Full-time 2014-2015 tuition and fees: $60,274

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2. Stanford University

Location: Stanford, California
Full-time enrollment: 577
Full-time 2014-2015 tuition and fees: $54,366

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2. Harvard University

Location: Cambridge, Massachusetts 
Full-time enrollment: 1,752
Full-time 2014-2015 tuition and fees: $55,842

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1. Yale University

Location: New Haven, Connecticut
Full-time enrollment: 607
Full-time 2014-2015 tuition and fees: $56,200

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