Yale SOM grads had a harder time finding jobs in 2024 than they likely expected after they began this system in 2022
Yale School of Management graduates last yr entered certainly one of the hardest job markets in living memory — and that’s not forgetting the Great Recession and the Covid-19 pandemic. For MBAs from Yale and other business schools in america and Europe, 2024 was a worse environment for locating jobs — and, in select industries, for getting paid higher than the classes who got here before you.
Hurt by the contraction within the consulting industry, Yale SOM’s job offer rate three months after graduation dropped to 84.8% from 91.5% a yr earlier, and acceptances fell to 81.2% from 88.8%. Each are the bottom in at the least a decade. But an even bigger hit was in salary: Yale MBAs in 2024 saw their median starting salary drop to $160K from $175K in 2023, setting them back lower even than the benchmark set two years ago by the Class of 2022.
With a drop in median year-end bonus (to $24K from $30K) and a decline in those reporting receiving signing bonuses, which were flat for a seventh straight yr at $30K, total pay for Yalies in 2024 declined 8.5% from the yr before to $183,712, dropping SOM out of the $200K Club.
|
PAY & PLACEMENT |
2024 |
2023 |
2022 |
2021 |
2020 |
2019 |
|
Median Base Salary |
$160,000 |
$175,000 |
$160,110 |
$140,400 |
$140,000 |
$130,000 |
|
Median Signing Bonus |
$30,000 |
$30,000 |
$30,000 |
$30,000 |
$30,000 |
$30,000 |
|
Median Guaranteed Yr-End Bonus |
$24,000 |
$30,000 |
$20,000 |
$22,950 |
$20,413 |
$20,000 |
|
Median Total Pay |
$183,712 |
$200,830 |
$186,930 |
$165,248 |
$165,333 |
$155,170 |
|
Job Offers 3 Months After Graduation |
84.8% |
91.5% |
96.1% |
95.7% |
90.2% |
92.4% |
|
Job Acceptances 3 Months After Graduation |
81.2% |
88.8% |
93.3% |
94.1% |
85.9% |
91.4% |
In a commentary accompanying the discharge of Yale SOM’s 2024 employment report last fall, Assistant Dean Abigail Kies acknowledges the continuing travails within the tech and consulting industries have created a difficult environment for business school graduates. But she sees continued “healthy and robust demand for MBA talent” and adds that “Yale MBA students have leveraged this demand to search out meaningful opportunities across diverse industries.”
“In 2024, Yale SOM students selected employment in a good broader array of organizations than lately. They continued to profit from Yale SOM’s broad network of employers and our deliberate technique to not change into over-reliant on a couple of organizations.