Full-Time MBA class profile, job statistics
Members of the Kelley MBA class of 2023 found positions in every industry—with higher average and median salaries across the board.
Internships and other opportunities leave students confident in career choices
Before our students even arrive, we begin working with them to take a deep dive into the experiences, values and strengths that define their personal brand. For career changers, the possibilities are exciting. For all of our students, the experiential learning offered through our industry-informed academies, internships, networking opportunities with recruiters and alumni, and clubs leave them exceptionally well-prepared to begin their careers—and employers know.
The data below provides more information about class demographics, historical compensation trends, and compensation by function and geographic region.
MBA Class of 2023
| Demographic | Statistic |
|---|---|
| Class size | 157 |
| Women | 31% |
| Minority groups: Hispanic/Latino, Black/African American, American Indian or Alaskan Native, Hawaiian/Pacific Islander, Asian American, or multiracial | 25% |
| International | 42% |
| Average age | 30 |
| Average years of full-time employment experience | 6.4 |
| Average GMAT score | 679 |
| GPA and GMAT | Breakdown |
|---|---|
| Average GPA | 3.33 |
| Percent with undergraduate GPA 3.5 or higher | 37% |
| Percent with undergraduate GPA between 3.0–3.49 | 47% |
| Percent with undergraduate GPA between 2.5–2.99 | 15% |
| Average GMAT score | 679 |
| Percent with GMAT scores 700 or higher | 49% |
| Percent with GMAT scores between 600–699 | 48% |
| Percent with GMAT scores between 500–599 | 3% |
| Major | Percentage |
|---|---|
| Business Administration | 36% |
| Social Sciences and Humanities | 24% |
| Science and Engineering | 32% |
| Other | 8% |
| Geographic Area | Percentage |
|---|---|
| Midwest | 21% |
| Northeast/Mid-Atlantic | 14% |
| West/Southwest | 20% |
| South/US Territories | 3% |
| International | 42% |
Compensation summary for full-time employment
| Year | Median base salary | Median signing bonus |
|---|---|---|
| 2023 | $137,500 | $30,000 |
| 2022 | $130,000 | $30,000 |
| 2021 | $120,000 | $30,000 |
| 2020 | $119,000 | $25,000 |
| 2019 | $107,000 | $25,000 |
| Function | Percentage accepting new jobs | Base salary (median) | Base salary (range) |
|---|---|---|---|
| Consulting | 33.6% | $175,000 | $105,000–$192,000 |
| Finance | 21.8% | $140,000 | $53,500–$215,000 |
| General Management | 5.9% | $130,000 | $108,000–$158,666 |
| Information Technology | 0.8% | Insufficient data | Insufficient data |
| Marketing/Sales | 29.4% | $126,000 | $90,000–$171,000 |
| Operations/Logistics | 5% | $142,800 | $125,000–$169,100 |
| Other | 3.4% | $169,100 | $61,250–$175,000 |
| Total reporting | 100% | $138,750 | $53,500–$215,000 |
| Industry | Percentage accepting new jobs | Base salary (median) | Base salary (range) |
|---|---|---|---|
| Consulting | 27.3% | $175,000 | $105,000–$192,000 |
| Consumer Packaged Goods | 14.1% | $125,000 | $90,000–$145,002 |
| Energy | 0.8% | Insufficient data | Insufficient data |
| Financial Services | 14.1% | $140,000 | $53,500–$175,000 |
| Government | 0.8% | Insufficient data | Insufficient data |
| Healthcare (including products and services) | 6.2% | $130,000 | $130,000–$145,000 |
| Manufacturing | 7% | $110,000 | $90,000–$130,000 |
| Media/Entertainment | 0.8% | Insufficient data | Insufficient data |
| Nonprofit | 0.8% | Insufficient data | Insufficient data |
| Retail | 2.3% | $142,800 | $142,800–$143,800 |
| Technology | 21.1% | $142,800 | $90,000–$171,000 |
| Other | 4.7% | $120,000 | $108,000–$215,000 |
| Total reporting | 100% | $137,500 | $53,500–$215,000 |
| Geographic region | Percentage accepting new jobs | Base salary (median) | Base salary (range) |
|---|---|---|---|
| International | 1.7% | Insufficient data | Insufficient data |
| Mid-Atlantic | 2.6% | $115,000 | $111,000–$175,000 |
| Midwest | 42.1% | $128,000 | $61,250–$215,000 |
| Northeast | 12.3% | $142,500 | $90,000–$175,000 |
| South | 7% | $125,000 | $90,000–$175,000 |
| Southwest | 13.2% | $171,000 | $53,500–$192,000 |
| West | 21.1% | $142,800 | $87,780–$175,000 |
| Total reporting | 100% | $137,000 | $53,500–$215,000 |