Yale School of Management’s 2023 MBA graduates have joined the prestigious $200K salary club, with consulting-bound grads seeing significant pay increases. Despite the industry’s challenges, Yale MBAs have maintained strong salary growth, with the median base salary rising to $175,000, and total compensation surpassing $200,000.
Stable Growth in Consulting Sector
According to Namaan Mian of Management Consulted, the consulting industry is experiencing normalization rather than a recession. Yale, a renowned consulting powerhouse, continues to send a substantial portion of its graduates into consulting roles. In 2023, the consulting placement slightly dipped, but salaries saw a notable increase to a median of $190,000.
Yale’s Overall Employment Scenario
While Yale’s success in consulting is evident, other sectors like technology and finance have also shown salary growth. However, there has been a slight decrease in overall job offers and acceptances, mirroring trends at other top business schools.
Internship Opportunities and Advice for Aspiring Consultants
Internships remain strong, with Yale MBAs earning a median weekly salary of $2,321. Mian advises aspiring consultants to start preparing early, focus on networking, and leverage available opportunities for a successful career in consulting.
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