Haas School of Business

Hire an MBA

Employment Report

Berkeley MBA Grads and Students in Demand with Top Employers

Graduates of the Berkeley MBA program continue to be in demand with employers, with members of the Berkeley MBA class of 2009 having joined 124 organizations in 23 countries worldwide. Two industries - Consulting and Technology - tied for the #1 spot with each accounting for 26.3% of the Class of '09.

Within three months of graduation, 85.4 percent of these graduating students had received an offer. Salaries remained fairly stable, despite the downturn, with a mean base of $108,428 and a median base of $110,000. Some 64 percent of students accepting positions reported receiving a signing bonus, with the average signing bonus coming in at $20,596.

“Strong relationships with recruiters and with our alumni community helped us weather the economic downturn relatively well,” says Abby Scott, executive director of MBA Career Management. In fact, the Economist Intelligence Unit just ranked Haas as the #2 business school worldwide for opening new career opportunities for students.  Active alumni and a proactive career center helped propel Haas to  the #1 business school in the US and # 3 in the world.

“Though the market was tight, we saw MBA hiring continue, with an impressive breadth of firms,” says Scott. Top hiring firms for graduating Berkeley MBA students this year include consultancies McKinsey & Company, Deloitte Consulting, A.T. Kearney, Boston Consulting Group, and ZS Associates. Other top employers for the class of 2009 include Adobe, Amazon, Genentech, McKesson, PricewaterhouseCoopers, Symantec, and Yahoo!.

Drawing upon the strong Haas community was critical, according to Scott. “Recruiters were cautious about hiring, but most employers continued to recruit. They were highly selective, making it important for students to stay focused on their goals, make networking a strong part of their job search, and tap into the many resources available for support”.

This support includes extensive outreach efforts made by MBA Career Management account managers to numerous companies, personal outreach from Dean Rich Lyons to alumni on behalf of job-seeking students, and a highly active Haas Alumni Network of more than 30,000 people who actively network through online tools and a full calendar of global events from New York to the Netherlands and from Chile to China.

That global reach extends to the career choices of this graduating class, with more than 21.5 percent of them working overseas – 11.6 percent in Asia, 5.0 percent in Latin/South America, 4.4 percent in Europe, and 0.6 percent in Africa. The San Francisco Bay Area (the 2nd largest US MBA market) remained at #1, with 60.2 percent of graduating students accepting a full-time job in the area.

In the Class of 2010, 99.6 percent of students seeking an internship found one.  Top internship firms included Abbott Laboratories, Amazon, Apple, and Yahoo!, each of which hired seven Berkeley MBA interns. The average monthly salary for summer interns was $5,848 ($1,351 per week).

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A Profile: 246 students

Women 31%
Minority 34%
International 39%
Median Work Experience 5 years

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Top Industries:

Consulting 26.3%
Technology 26.3%
Financial Services 14.5%
Biotech/Healthcare 9.5%
Consumer Products/Retail 6.1%
Energy 4.5%
Education/Govt/Non-Profit 4.5%
Real Estate 3.4%


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Top Functions:

Consulting 30.2%
Marketing 21.8%
Finance 14.5%
Business Development/Strategy 11.2%
General Management 8.9%

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Top Hiring Companies (3 or more full-time hires):

A.T. Kearney McKesson
Adobe Systems McKinsey & Company
Amazon.com PricewaterhouseCoopers
Boston Consulting Group Symantec
Deloitte Consulting Yahoo!
Genentech ZS Associates

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Salary by Industry

Industry % Mean Base Salary Median Base Salary Mean Signing Bonus1 Mean Total Other Comp2
Advertising/Media 1.1% N/A N/A N/A N/A
Biotech/Healthcare 9.5% $97,863 $107,500 $13,700 $48,250
Biotech/Pharma 3.4% $96,416 $97,000 $14,250 N/A
Healthcare Services 3.9% $94,667 $107,500 $12,000 $61,333
Medical Devices 2.2% $106,667 $110,000 N/A N/A
Consulting 26.3% $116,575 $125,000 $23,726 $37,305
Consumer Products/Retail 6.1% $91,625 $95,000 $22,400 $11,192
Consumer Products 3.4% $95,000 $95,000 $25,500 N/A
Retail 2.8% $88,250 $87,500 N/A N/A
Education/Govt/
Non-Profit
4.5% $92,500 $92,500 N/A N/A
Education 1.7% N/A N/A N/A N/A
Government 0.6% N/A N/A N/A N/A
Non-Profit 2.2% N/A N/A N/A N/A
Energy 4.5% $94,357 $100,000 N/A N/A
Alternative Energy 3.4% $89,100 $85,000 N/A N/A
Petroleum 0.6% N/A N/A N/A N/A
Utilities 0.6% N/A N/A N/A N/A
Entertainment/
Leisure/Sports
1.1% N/A N/A N/A N/A
Financial Services 14.5% $103,095 $95,000 $28,000 $86,667
Commercial Banking 1.7% N/A N/A N/A N/A
Investment Banking 3.9% $95,000 $95,000 $31,750 N/A
Diversified Financial Services 3.4% $105,000 $100,000 N/A N/A
Investment/Portfolio Management 1.1% N/A N/A N/A N/A
Private Equity 1.7% N/A N/A N/A N/A
Venture Capital 1.7% $110,000 $110,000 N/A N/A
Private Client Services 1.1% N/A N/A N/A N/A
Real Estate 3.4% $104,375 $91,250 N/A N/A
Technology 26.3% $111,951 $110,000 $17,111 $11,737
Diversified High Tech 2.2% N/A N/A N/A N/A
Electronics 2.2% $110,000 $115,000 N/A N/A
Hardware 1.7% N/A N/A N/A N/A
Internet 7.3% $106,000 $110,000 $23,571 $11,625
Semiconductors 1.1% N/A N/A N/A N/A
Software 9.5% $117,531 $117,500 $11,100 $19,958
Telecommunications 2.2% $98,840 $100,180 N/A N/A
Widely Diversified Manufacturing 2.2% $106,500 $101,200 N/A N/A
Other 0.5% N/A N/A N/A N/A
Grand Total 100% $108,428 $110,000 $20,596 $29,481


1Mean Signing Bonus. 64.4% of those reporting salaries reported receiving a Signing Bonus.

2Mean Total Other Guaranteed Compensation includes annual bonus, performance bonus, and other guaranteed bonuses. 34.9% of those reporting salaries reported receiving some form of Other Guaranteed Compensation.

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Salary by Function

Function % Mean Base Salary Median Base Salary Mean Signing Bonus1 Mean Total Other Comp2
Consulting 30.2% $113,887 $120,000 $24,250 $35,584
Finance 14.5% $102,403 $95,000 $30,438 $51,267
Business Development/Strategy 11.2% $102,611 $100,780 $18,807 $14,650
Leasdership/Rotational Programs 3.4% $108,833 $107,500 $24,444 N/A
General Management 8.9% $111,753 $110,000 $16,286 $42,560
Marketing 21.8% $104,825 $110,000 $18,771 $15,329
Other 6.7% $117,667 $115,000 N/A N/A
Real Estate 3.4% $103,125 $91,250 N/A N/A
Grand Total 100% $108,428 $110,000 $20,596 $29,481

1Mean Signing Bonus. 64.4% of those reporting salaries reported receiving a Signing Bonus.

2Mean Total Other Guaranteed Compensation includes annual bonus, performance bonus, and other guaranteed bonuses. 34.9% of those reporting salaries reported receiving some form of Other Guaranteed Compensation.

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Job Offer Source Data
The data below shows the sources of jobs as reported by the students.

Haas-facilitated Activities 65.2%
*On-Campus Recruiting 18.5%
*Summer Internship (Haas-facilitated) 22.5%
*Haas Job Posting 16.9%
*Haas/Cal Network 7.3%
Graduate-facilitated Activities 31.5%
*Personal Network 12.4%
*Previous Employer 11.8%
*Job Posting (Non-Haas facilitated) 3.4%
*Summer Internship (Non-Haas facilitated) 2.2%
*Career Fair (non-Haas facilitated) 1.1%
*Family-Owned Business 0.6%
No Information Available 3.3%

Total 100%

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Salary by Location

Location % Mean Base Salary Mean Signing Bonus1 Mean Total Other Comp2
United States 77.9% $109,519 $21,618 $39,823
   West 66.3% $110,583 $18,831 $24,706
   Pacific Northwest 3.3% $106,833 $37,000 N/A
   Northeast 2.2% $94,167 $20,000 $18,238
   Midwest 1.7% $103,167 N/A N/A
   Middle Atlantic 0.6% N/A N/A N/A
   South 1.7% N/A N/A N/A
   Southwest 2.2% $93,750 $20,000 $16,500
International 22.1% $109,519 $20,153 $25,172
   Asia 11.6% $99,687 $25,700 $39,719
   Europe 4.4% $127,286 $26,250 $51,500
   South America 5.0% $87,259 $10,500 $31,275
   Canada 0.6% N/A N/A N/A
   Africa 0.6% N/A N/A N/A
Grand Total 100% $108,428 $20,596 $29,481

1Mean Signing Bonus. 64.4% of those reporting salaries reported receiving a Signing Bonus.

2Mean Total Other Guaranteed Compensation includes annual bonus, performance bonus, and other guaranteed bonuses. 34.9% of those reporting salaries reported receiving some form of Other Guaranteed Compensation.

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MBA Class of 2010, Summer Internships

A Profile: 253 students

Women 28%
International 31%
Median Work Experience 5 years


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Top Industries:

Technology 27.4%
Financial Services 17.8%
Education/Govt/Non-Profit 10.8%
Biotech/Healthcare 9.5%
Consulting 8.3%
Energy 7.5%


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Top Functions:

Marketing 27.6%
Finance 21.1%
Consulting 14.6%
Business Development/Strategy 7.4%


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Top Ten Hiring Companies (3 or more Summer Interns):

Abbott Laboratories Deloitte Consulting
Amazon.com Education Pioneers
Apple Genentech
Bloom Energy LucasArts
BT (British Telecommunications) McKinsey & Company
Chevron Microsoft
Clorox Yahoo!
Del Monte Foods  

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Salary by Industry

Industry % Mean Salary3 Median Salary
Arilines/Auto/Travel 0.4% N/A N/A
Biotech/Healthcare 9.5% $6,755 $6,733
   Biotech/Pharma 2.1% $6,536 $6,673
   Healthcare 3.7% $6,159 $6,400
   Medical Devices 3.7% $7,473 $7,400
Consulting 8.3% $9,412 $10,000
Consumer Products/Retail 7.1% $4,228 $3,500
   CPG 5.4% $4,598 $4,500
   Retail 1.7% N/A N/A
Education/Government/Non-Profit 10.8% $3,519 $3,200
   Education 3.3% $4,606 $3,625
   Government 1.2% N/A N/A
   Non-Profit 6.2% $1,933 $1,800
Energy 7.5% $5,327 $4,500
   Alt Energy 5.0% $5,167 $5,000
   Petroleum 1.7% $5,500 $4,500
   Utilities 0.8% N/A N/A
Entertainment/Leisure/Sports 4.1% $3,940 $3,500
   Entertainment 3.3% $4,158 $3,500
   Leisure 0.4% N/A N/A
   Sports 0.4% N/A N/A
Financial Services 17.8% $5,372 $7,000
   Commercial Banking 2.1% N/A N/A
   Investment Banking/Brokerage 5.0% $7,047 $7,758
   Investment/Portfolio Management 3.7% $4,904 $4,000
   Other 2.5% $4,240 $3,200
   Private Equity 1.2% N/A N/A
   Venture Capital 3.3% N/A N/A
Real Estate 2.9% $4,821 $5,000
Technology 27.4% $6,172 $6,300
   Diversified High Tech 0.8% N/A N/A
   Electronics 3.3% $6,021 $5,760
   Hardware 1.7% N/A N/A
   Internet 13.7% $6,876 $7,100
   Semiconductors 0.4% N/A N/A
   Software 5.0% $5,810 $6,400
   Telecommunications 2.5% $5,437 $5,900
Widely Diversified Manufacturing 3.3% $5,878 $6,300
Other Industries 0.8% N/A N/A
Grand Total 100% $5,848 $6,060
3Mean Salary shown is monthly; weekly salary is $1351 calculated using 4.33 weeks per month.

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Salary by Function

Business Development/Strategy 7.5% $5,991 $6,400
Consulting 14.6% $7,950 $10,000
Entrepreneurship 2.5% N/A N/A
Finance 21.1% $6,113 $7,000
General Management 6.5% $4,544 $4,900
Human Resources 2.0% $5,367 $5,600
Leadership/Rotational Program 4.5% $6,530 $6,060
Marketing 27.6% $5,599 $6,192
Operations 3.0% $4,020 $3,600
Real Estate 2.0% $5,487 $6,462
Other/Unspecified 8.5% $4,267 $4,500
Grand Total 100% $5,848 $6,060

3Salary shown is monthly; weekly salary is $1351 calculated using 4.33 weeks per month.

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Job Offer Source Data

The data below shows the sources of jobs as reported by the students.

Haas-facilitated Activities 75.4%
*Haas On-Campus Recruiting 38.7%
*Haas Internship Posting 21.6%
*Haas/Cal Network 13.1%
*Haas Career Forum 2.0%
Graduate-facilitated Activities 24.6%
*Off Campus Recruiting (non-Haas Contact) 15.1%
*Job Posting (non-Haas facilitated) 7.0%
*Previous Employer 1.5%
*Off Campus Career Fair (non-Haas facilitated) 0.5%
*Other (non-Haas) 0.5%

Total 100%


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Summer Internships by Region

Location % Mean Salary3 Median Salary
United States 86.5% $5,650 $6,000
   West 76.5% $5,827 $6,000
   Pacific Northwest 4.4% $6,991 $8,000
   Northeast 2.4% N/A N/A
   Midwest 1.2% $8,106 $7,400
   Southwest 1.2% N/A N/A
   Middle Atlantic 0.8% N/A N/A
International 13.5% $5,872 $6,036
   Asia 6.4% $4,968 $6,000
   Europe 4.0% $6,084 $6,018
   South America 1.6% N/A N/A
   Africa 1.2% N/A N/A
   Middle East 0.4% N/A N/A
Grand Total 100% $5,848 $6,060



3Mean Salary shown is monthly; weekly salary is $1351 calculated using 4.33 weeks per month.

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