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Data & Statistics

View current as well as historical hiring data for both first- and second-year students. Our comprehensive list of recruiting partners shows the breadth of companies and industries that recruit at HBS.

Class of 2009 Career Salary Statistics by Industry
The following data is as of three months post graduation.

Class of 2009 Salary by Industry Destinations % 25th % Base Salary Median Base Salary 75th % Base Salary Median Signing Bonus % Receiving Signing Bonus Median Other G'teed Comp** % Receiving Other G'teed Comp
Consulting 26% $120,000 $125,000 $125,000 $20,000 94% $23,500 33%
Entertainment/Media 4% $97,500 $104,000 $120,000 $20,000 57% $20,000 33%
Advertising/Marketing <1% $100,000 $102,000 $116,250 * 40% * 33%
Communications 1% $108,750 $120,000 $120,000 * 50% * 50%
Entertainment 2% $88,750 $101,500 $115,625 $23,000 67% * 22%
Financial Services 31% $95,000 $110,000 $150,000 $30,000 66% $57,500 43%
Commercial Banking 2% $95,000 $95,500 $100,000 $24,000 100% * 10%
Diversified/Insurance 1% $98,750 $104,000 $108,500 * 75% * 50%
Hedge Funds 3% $150,000 $150,000 $200,000 $25,000 68% $150,000 37%
I-Banking 6% $95,000 $95,000 $100,000 $40,000 95% $39,500 28%
I-Management 5% $100,000 $110,000 $125,000 $40,000 67% $50,000 62%
Private Equity/LBO 11% $115,000 $125,000 $165,000 $25,000 45% $100,000 51%
Sales & Trading 1% $95,000 $100,000 $105,000 $30,000 100% * 14%
Venture Capital 2% $81,750 $122,500 $150,000 * 25% $29,000 67%
Non-Profit/Government 7% $80,000 $90,000 $90,000 $5,000 19% * 6%
Non-Profit 5% $90,000 $90,000 $90,000 $5,000 14% * 8%
Government 2% $71,075 $79,648 $90,000 * 38% $0 0%
Retail 3% $100,000 $105,000 $118,000 $15,000 50% * 42%
Other Services (incl. Real Estate) 2% $78,000 $100,000 $126,000 $5,000 54% * 11%
Healthcare 7% $97,000 $105,000 $115,000 $20,000 66% $16,500 29%
Biomed/Pharma 5% $95,000 $107,000 $114,400 $20,000 72% $16,500 36%
Health-related 2% $99,841 $105,000 $116,250 $21,500 53% * 15%
Consumer Products 5% $88,000 $95,000 $97,000 $25,000 90% $10,000 19%
Other Manufacturing 8% $100,000 $112,500 $122,250 $25,000 72% $20,000 29%
Aero/Auto/Transport Equipment 1% $103,250 $117,500 $120,000 $25,000 88% * 38%
Clean Tech <1% $84,000 $90,000 $100,000 * 29% $0 0%
Highly Diversified 2% $110,400 $115,000 $115,000 $22,500 67% * 33%
Energy/Extractive Minerals 2% $106,250 $116,500 $123,750 $20,000 80% $17,700 40%
Other Manufacturing 2% $101,250 $119,000 $126,000 $26,500 83% * 22%
Technology 7% $98,000 $110,000 $120,000 $18,500 63% $10,000 40%
Computer Hardware 1% $99,500 $117,500 $125,750 $17,500 100% * 25%
Computer Software 2% $107,250 $113,250 $121,250 $35,000 58% * 30%
General High Technology 2% $99,250 $110,000 $120,000 $22,500 50% $17,500 44%
Other 2% $90,000 $100,000 $120,000 $15,000 56% * 63%
ALL SERVICES 73% $100,000 $120,000 $125,000 $20,000 71% $35,500 35%
ALL MANUFACTURING 27% $95,000 $105,000 $120,000 $20,000 71% $15,400 30%
ALL INDUSTRIES 100% $95,950 $114,400 $125,000 $20,000 71% $30,000 34%

*Information not available. Any data with 3 data points or less cannot be shared.

**Other guaranteed compensation includes only those offer components that are guaranteed; it does not include performance bonus, reimbursements, profit sharing, 401k match, stock and/or stock options, etc. Please note that salary information is self-reported by students.

Class of 2009 Career Salary Statistics by Function
The following data is as of three months post graduation.

Class of 2009 Salary by Functional Destinations % 25th % Base Salary Median Base Salary 75th % Base Salary Median Total Signing Bonus % Receiving Signing Bonus Median Other G'teed Comp** % Receiving Other G'teed Comp
Business Development 8% $90,000 $100,000 $120,000 $20,000 55% $18,000 16%
Consulting 28% $120,000 $125,000 $125,000 $20,000 92% $24,000 32%
Finance 32% $95,000 $110,000 $150,000 $30,000 62% $55,500 43%
Commercial Banking <1% $98,750 $104,000 $111,000 $22,750 100% * 25%
Corporate Finance 2% $99,000 $110,000 $127,500 $22,500 55% * 30%
Investment Banking 6% $95,000 $95,000 $100,000 $40,000 94% $40,000 26%
Investment Management/ Hedge Funds 8% $100,000 $125,000 $150,000 $30,000 67% $92,500 53%
Sales & Trading <1% $76,250 $95,000 $98,750 $27,500 100% * 33%
VC/Private Equity/LBO 13% $105,000 $125,000 $150,000 $25,000 42% $60,000 49%
Other Finance 2% $80,000 $96,500 $112,750 $22,000 50% * 44%
General Management 16% $90,000 $105,000 $115,000 $20,000 57% $15,400 31%
General Management 10% $90,000 $100,000 $114,250 $20,000 51% $15,750 26%
Leadership Development 4% $100,000 $112,500 $119,500 $20,000 68% $20,750 36%
Manufacturing/Operations 1% $87,000 $100,000 $115,000 $9,500 100% * 100%
Project Management 1% $90,000 $90,000 $110,000 * 40% $0 0%
Marketing 9% $92,875 $97,000 $110,000 $22,000 83% $13,500 21%
Brand/Product Management 5% $94,500 $97,000 $111,125 $25,000 97% $9,000 17%
General Marketing 3% $95,000 $97,000 $102,250 $20,000 67% * 18%
Sales 1% $90,000 $97,000 $104,750 * 50% * 50%
Strategic Planning 4% $90,000 $109,000 $120,000 $20,000 67% $12,500 32%
Other 3% $85,500 $97,500 $113,125 $25,000 50% $12,500 27%
Other 2% $83,750 $97,500 $128,500 $17,500 50% * 27%
Product Development 1% $89,250 $101,000 $108,125 * 50% * 25%
ALL FUNCTIONS 100% $97,000 $114,450 $125,000 $20,000 71% $30,000 34%

*Information not available. Any data with 3 data points or less cannot be shared.

** Other guaranteed compensation includes only those offer components that are guaranteed; it does not include performance bonus, reimbursements, profit sharing, 401k match, stock and/or stock options, etc. Please note that salary information is self-reported by students.

Class of 2009 Career Salary Statistics by Location
The following data is as of three months post graduation.

Class of 2009 Salary by Location Destinations % 25th % Base Salary Median Base Salary 75th % Base Salary Median Total Signing Bonus % Receiving Signing Bonus Median Other G'teed Comp** % Receiving Other G'teed Comp
Northeast 38% $97,500 $121,000 $127,000 $20,000 70% $39,000 34%
Boston 12% $100,000 $125,000 $135,000 $20,000 61% $35,000 35%
New England (except Boston) 3% $110,000 $125,000 $125,000 $20,000 56% $20,000 38%
New York City 23% $95,000 $120,000 $125,000 $25,000 77% $39,500 33%
Mid-Atlantic 8% $90,000 $108,500 $125,000 $20,000 69% $24,365 19%
Washington, D.C. 4% $86,196 $90,000 $125,000 $10,000 52% * 5%
Other Mid-Atlantic 4% $107,000 $110,000 $125,000 $20,000 86% $18,730 35%
Midwest 7% $98,750 $118,000 $124,000 $20,000 88% $28,000 22%
Chicago 3% $110,000 $118,000 $125,000 $20,000 90% $43,500 26%
Other Midwest 4% $97,125 $111,000 $122,250 $20,000 86% $19,000 18%
South 3% $104,750 $120,000 $125,000 $20,000 83% $20,000 35%
Atlanta 2% $120,000 $125,000 $125,000 $20,000 91% * 27%
Other South 1% $88,500 $100,000 $106,500 $14,000 71% * 50%
Southwest 5% $101,250 $120,000 $125,000 $20,000 80% $31,500 36%
Texas 4% $105,000 $121,000 $125,000 $20,000 80% $73,750 25%
Other Southwest 1% $100,000 $105,000 $110,000 $20,000 80% * 100%
West 15% $100,000 $115,000 $125,000 $20,000 74% $20,200 37%
California — Bay Area 8% $105,000 $117,500 $125,000 $20,000 70% $15,400 30%
California — Los Angeles 4% $100,000 $115,000 $125,000 $23,000 78% $90,000 38%
California — Other 1% $100,000 $107,500 $120,000 $25,000 88% * 43%
Other West <1% $90,000 $100,000 $105,000 $16,500 40% * 67%
Pacific Northwest 2% $102,022 $110,750 $115,000 $30,000 90% $12,500 50%
Other U.S. 1% * * * * 67% * 33%
Asia/South Pacific 8% $100,000 $110,000 $120,000 $20,000 72% $30,000 44%
China 1% $83,750 $110,000 $110,000 * 50% $25,000 67%
Hong Kong 1% $97,741 $105,000 $110,500 $32,000 86% * 17%
Singapore 2% $78,750 $100,000 $105,250 $21,000 80% $20,000 44%
South Korea 1% $105,000 $110,000 $110,000 $20,000 100% * 40%
United Arab Emirates 1% $118,750 $130,000 $135,000 $20,000 75% $33,000 57%
Other Asia / South Pacific 2% $100, 000 $105,000 $120,000 $20,500 55% $46,000 40%
Europe 11% $90,000 $100,000 $116,500 $25,000 61% $21,500 37%
England 5% $90,000 $100,000 $105,750 $25,000 69% $20,000 29%
Other Europe 4% $85,000 $100,000 $112,875 $22,000 52% $27,500 53%
Spain 1% $91,000 $100,000 $127,400 * 60% * 60%
Switzerland 1% $108,750 $115,000 $122,250 * 50% $0 0%
Latin America 2% $69,500 $80,000 $105,000 $20,000 45% * 29%
Brazil 1% $80,000 $94,000 $100,000 * 60% * 25%
Other Latin America 1% $61,250 $72,500 $111,500 * 33% * 33%
Canada/Other International 1% $95,000 $100,000 $116,000 * 40% * 20%
Africa 1% $66,750 $82,500 $103,750 * 25% * 33%
United States 77% $100,000 $120,000 $125,000 $20,000 74% $30,000 32%
INTERNATIONAL 23% $88,500 $100,000 $120,000 $23,000 61% $25,500 38%
ALL LOCATIONS 100% $96,000 $114,500 $125,000 $20,000 71% $30,000 34%

*Information not available. Any data with 3 data points or less cannot be shared.

**Other guaranteed compensation includes only those offer components that are guaranteed; it does not include performance bonus, reimbursements, profit sharing, 401k match, stock and/or stock options, etc. Please note that salary information is self-reported by students.

Historical Career Placement Statistics by Industry

  2001 2002 2003 2004 2005 2006 2007 2008 2009
Service Industries 84% 77% 75% 73% 76% 81% 83% 83% 73%
Consulting 38% 23% 30% 26% 23% 21% 21% 20% 26%
Entertainment/Multimedia 3% 2% 2% 5% 5% 3% 4% 5% 4%
Financial Services 33% 41% 28% 31% 36% 42% 44% 45% 31%
  Investment Banking 13% 13% 7% 6% 7% 10% 11% 9% 6%
  Investment Management 4% 9% 7% 7% 10% 10% 12% 10% 8%
  Private Equity / LBO 9% 9% 6% 9% 9% 13% 12% 17% 11%
  Venture Capital 4% 3% 2% 2% 3% 3% 3% 4% 2%
  Other 3% 7% 6% 7% 7% 6% 6% 5% 4%
Non-Profit / Government 3% 3% 4% 4% 3% 3% 3% 3% 7%
Real Estate N/A N/A N/A 2% 3% 2% 2% 2% NA
Retail / Wholesale 2% 2% 3% 3% 3% 4% 5% 3% 3%
Other Services 5% 6% 8% 2% 3% 6% 4% 5% 2%
Manufacturing Industries 16% 23% 25% 27% 24% 19% 17% 17% 27%
Biomedical / Pharmaceutical 2% 5% 4% 7% 5% 5% 4% 3% 7%
Consumer Products 2% 4% 6% 6% 5% 4% 5% 3% 5%
Technology / Telecommunications 10% 7% 6% 9% 9% 6% 6% 6% 7%
Other Manufacturing 2% 7% 9% 5% 5% 4% 2% 5% 8%

Historical Career Placement Statistics by Function

  2001 2002 2003 2004 2005 2006 2007 2008 2009
Business Development 7% 8% 5% 5% 8% 6% 5% 6% 8%
Consulting 37% 23% 29% 27% 24% 22% 22% 21% 28%
Finance - Corporate 1% 3% 10% 6% 7% 6% 8% 2% 2%
Finance - Professional Services 32% 32% 18% 25% 30% 34% 37% 43% 30%
General Management 8% 15% 16% 10% 11% 12% 11% 11% 16%
Marketing 9% 11% 14% 16% 12% 13% 11% 7% 9%
Strategic Planning 3% 2% 4% 7% 5% 5% 4% 7% 4%
Other 3% 6% 4% 4% 3% 2% 2% 3% 3%

Historical Career Placement Statistics by Location

  2001 2002 2003 2004 2005 2006 2007 2008 2009
UNITED STATES 80% 78% 80% 81% 84% 82% 82% 80% 77%
EAST COAST 49% 47% 48% 46% 46% 46% 49% 46% 46%
  Boston 20% 13% 13% 11% 11% 11% 10% 13% 12%
  Mid-Atlantic 2% 4% 4% 4% 2% 6% 6% 6% 8%
  New York City 25% 24% 24% 24% 27% 26% 31% 24% 23%
  New England N/A N/A N/A N/A 2% 3% 2% 3% 3%
  Washington DC 2% 3% 6% 3% 4% 2% 2% 3% 4%
CENTRAL STATES 9% 15% 14% 15% 13% 9% 8% 6% 7%
  Chicago 2% 3% 3% 4% 3% 5% 5% 4% 3%
  Mid-West (except Chicago) 3% 6% 6% 7% 6% 4% 3% 2% 4%
  Southwest 4% 4% 5% 4% 4% 4% 5% 4% 5%
SOUTH EAST 3% 6% 4% 4% 6% 5% 3% 5% 3%
  Atlanta 1% 2% 2% 2% 2% 2% 2% 2% 2%
  Southeast - except Atlanta 2% 4% 2% 2% 3% 3% 1% 3% 1%
WEST COAST 19% 10% 14% 16% 17% 18% 15% 18% 15%
  California - Bay Area 13% 5% 6% 8% 9% 10% 10% 12% 8%
  California - Los Angeles 4% 3% 2% 4% 4% 4% 4% 3% 4%
  Pacific NW 2% 1% 4% 3% 3% 4% 1% 2% 2%
  California - Other N/A N/A N/A N/A <1% <1% <1% 1% 1%
OTHER U.S. N/A N/A N/A N/A <1% <1% <1% 1% 1%
INTERNATIONAL 20% 22% 20% 19% 16% 18% 18% 20% 23%
Asia/South Pacific 4% 5% 6% 6% 6% 5% 6% 6% 8%
Europe 12% 11% 9% 9% 8% 9% 9% 10% 11%
Latin America 2% 4% 2% 2% 2% 2% 1% 2% 2%
Canada 1% 1% 3% 1% <1% 1% 2% 1% 1%
Other International 1% 1% N/A 1% <1% 1% <1% 1% 1%
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