Yale Som's 2024 Struggles Reflected by MBA Peers': Median 8.5% Drop

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Some Yale students had a harder time finding a job in 2022 than they expected.

Yale School of Management Last year, graduates entered one of the toughest job markets in living memory — and that’s not forgetting the Great Recession and the Covid-19 pandemic. It was a worse environment for MBAs from Yale and other business schools in the US and Europe to get a job in 2024 – and to get paid better than the classes that came before you in select industries.

It has been affected by the controversy in the consulting industry.Yale Som’s employment rate dropped to 84.8% three months after graduation A year ago it was 91.5%And acceptance decreased to 81.2% from 88.8%. Both are the lowest in at least a decade. But the big hit was in salary: Yale MBAs in 2010 It also sees their average starting salary drop from $175K in 2024 to $160K in 2023, putting them even lower than the benchmark set by the 2022 class two years ago.

With the average year-end bonus dropping (from $30K to $24K) and the seventh consecutive year he reported receiving a $30K signing bonus, Yally’s total pay in 2024 is down 8.5%. to $183,712 a year ago, leaving SOM out of the $200k club.

Fee and location	In the year 2024	2023	2022	2021	2020	2019
Median base salary	160,000 dollars	175,000 dollars	160,110 dollars	140,400 dollars	140,000 dollars	130,000 dollars
Media signing bonus	30,000 dollars	30,000 dollars	30,000 dollars	30,000 dollars	30,000 dollars	30,000 dollars
Median guaranteed year-end bonus	24,000 dollars	30,000 dollars	20,000 dollars	22,950 dollars	20,413 dollars	20,000 dollars
Average total pay	183,712 dollars	200,830 dollars	186,930 dollars	165,248 dollars	165,333 dollars	155,170 dollars
He offers work 3 months after graduation	84.8%	91.5%	96.1%	95.7%	90.2%	92.4%
Job offers 3 months after graduation	81.2%	88.8%	93.3%	94.1%	85.9%	91.4%

In the comment Following the release of Yale Som’s 2024 Employment Report last fall, Assistant Dean Abigail Keyes acknowledged the challenges facing the technology and consulting industries. But she sees a continued “healthy and strong demand for MBA talent,” and adds that “Yale MBA students have leveraged this demand to find meaningful opportunities in a variety of industries.”

“By 2024, Yale SoM students are choosing to work at a wider range of organizations than in recent years. They continue to benefit from Yale Som’s extensive network of employers and our deliberate strategy of not being overly dependent on a few organizations.

“Looking at the breakdown in the industry, we see many students taking jobs outside of the top five industries, driven by large strategy consulting hires after a few broad years.

“In some cases, especially technology, there is a shift among employers in the industry. In general, technology has been very active, and while the number of tech employers in 2024 is flat compared to 2023, we have seen a large brand-name tech cooler. Students who have expanded their list of companies, despite the doom and gloom news in tech. They have achieved success.

The doom and gloom was justified, but among the major (and mid-sized, and small) B-schools in the United States, Columbia Business School reported an increase in MBA placement rates in 2024. Check out the links below. Europe’s top schools have started releasing their job reports for the past year; At INSEAD, the decline of mentoring was triggered Major cuts in job offers and corresponding pay cuts.

Harvard Business School

Stanford Graduate School of Business

The Wharton School at the University of Pennsylvania

Northwestern Kellogg School of Management

MIT SLOAN SCHOOL OF MANAGEMENT

Columbia Business School

Chicago Booth School of Business

Industry	In the year 2024	2024 median salary	2023	2022	2021	2020
Consulting	31.9%	190 thousand dollars	44.1%	46.0%	34.2%	36.9%
Finance	26.2%	171 thousand dollars	22.2%	21.7%	25.1%	23.3%
*Investment bank*	14.0%	175 thousand dollars	11.5%	9.9%	13.8%	10.6%
*Investment management*	6.1%	150 thousand dollars	3.8%	4.6%	1.3%	4.2%
*Different finances*	3.1%	That	3.8%	3.0%	4.2%	2.1%
*EP/VC*	3.0%	That	3.1%	4.2%	5.8%	6.4%
Technology	9.6%	146,600 dollars	10.0%	7.6%	10.0%	12.7%
CPG/Retail	4.8%/4.4%	$123,500 / $142,900	9.2%	11.4%	15.8%	11.9%
Healthcare/Pharmaceuticals	6.1%	140 thousand dollars	3.1%	3.8%	2.9%	4.2%
non-profit	3.1%	105 thousand dollars	2.3%	1.9%	1.3%	2.5%
production*	1.3%	That	1.1%	0.8%	0.8%	1.7%
Media/entertainment	2.2%	That	1.9%	0.4%	3.8%	1.3%
Energy	4.8%	130 thousand dollars	2.3%	1.5%	2.9%	1.7%
The government	3.1%	100 thousand dollars	0.4%	0.8%	2.1%	1.3%

Yale saw a significant decrease in the percentage of students seeking employment overall, from 91.5% (269 of 294 classes) to 83.2% (282 of 339 classes) last year.

If the counseling they wanted was their first choice, they should have looked elsewhere. After 44% of the Class of 2023 entered that industry, only 32% of their successors found success in the job hunt there, despite earning the same average salary: $190K. Finance graduates as a class grew to 26.2% from 22.2%, but their average salary fell from $175K to $171K. And after a tumultuous one-year capping a four-year slide, tech was on the decline again in 2024, falling to 9.6% of the class, while the median salary for a tech by $20K was nearly $146,600.

Perhaps spurred by the tough job market, more Yalies started their own businesses this year than last, 18 (5.3%), compared to 10 (3%) last year.

Kies wrote that many 2024 MBAs got jobs after the reporting deadline. A chorus of colleagues expressed interest in the new metric, perhaps five months or six to three, to measure job search success.

“While MBA hiring remained strong, competition was fierce and student effort intense. As a result, search timelines were longer in many industries,” Kies wrote. Chief Executive Officer at Kroll Consulting, Director of Brand Activation at Chicago Redstars; At Goldman Sachs; Associate Investment Officer at Sweetwater PE; and Associate Product Manager at Raptor Maps, among others The Career Development Office provides lifelong career support and will continue to work with recent graduates as needed.

“Also, it’s important to note that this employment data only reflects student preferences, not their opportunities. Yale SOM students had many options this year. We want students to find and find what is best for them. Many factors drive those highly personal missions, resulting in many different first post-MBA roles.

Don’t miss it Yale joins $200k pay club in 2023 And 90 days after graduation in 2024, 1 in 5 foreign students had no job offers.

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