Haas School of Business

Hire an MBA

Employment Report

Deloitte Consulting, Amazon, and McKinsey & Co. were the top three firms to hire 2010 full-time Berkeley MBA graduates, who joined 115 different organizations in 18 countries.

Ninety percent of the class received job offers within three months of graduation, compared to 85 percent last year. Among the students receiving offers in that time, 87 percent accepted positions. The mean base starting salary for the class is $107,451. The average signing bonus increased to $22,140 this year from $20,596 last year.

"The class of 2010 fared very well during a challenging job market,” says Abby Scott, executive director of MBA Career Management. “After a limited fall recruiting season in 2009, employers increased their hiring on campus during the spring semester of 2010. They turned to MBA campuses to fill open roles in their organizations, resulting in an overall increase in job opportunities year over year.”

This fall, on-campus recruiting is tracking ahead of last year, with 38 percent more opportunities for Berkeley-Haas students.

A number of consulting firms are among the top employers, with Boston Consulting Group joining Deloitte and McKinsey on that list. Twenty-four percent of the class went to work in the consulting industry, although a larger portion of the class–28 percent–is doing consulting work as a job function in non-consulting companies.

Twenty-two percent of graduates are working in a marketing function, which could be in a range of different industries, such as technology or consumer products.

Energy firms also are well represented among top hiring companies, including SunPower, Bloom Energy, Chevron, and PG&E.  The number of Berkeley MBA graduates entering the energy and cleantech space has grown to represent 11 percent of the class overall.

Thirty-one percent of the class is working in the technology sector and 12 percent of the class went to work in financial services. Other top hiring firms are Yahoo!, Apple, Del Monte, Google, HP, and Samsung.

“The students from the MBA class of 2010 are entering the marketplace during a time of change and continued uncertainty," Scott says. "There is a tremendous opportunity for them to make an impact on their organizations as they settle into their roles and dig in to tackle strategic business challenges.”

Meanwhile, recruiting for summer internships was up significantly. The top hiring companies were Apple, Genentech, Google, Microsoft, Cisco, Amazon, Facebook, Bain, Deloitte Consulting, Novartis, Bloom Energy, McKesson, Parnassus Investments, SunPower, and Yahoo! Industry-focused account managers are busy securing employers for summer internship interviews, and they are optimistic that it will be a strong spring recruiting season based on demand so far.

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A Profile: 240 students

Women 30%
Minority 33%
International 39%
Median Work Experience 5 years

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Top Industries:

Technology 31%
Consulting 24%
Financial Services 12%
Energy 11%
Real Estate 6%
Education/Govt/NonProfit 6%
Consumer Products/Retail 5%

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Top Functions:

Consulting 28%
Marketing 22%
Finance 18%
Business Development/Strategy 11%
General Management 18%

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

Amazon Google
Apple HP
Bloom Energy McKinsey & Co.
Boston  Consulting Group PG&E
Chevron Samsung
Del Monte SunPower
Deloitte Consulting Yahoo!

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Salary by Industry

Industry % Mean Base Annual Salary Median Base Annual Salary Mean Signing Bonus1 Mean Total Other Comp2
Bio/Pharma/
Health/MedDevices
2.8% $115,500 $115,500 N/A $40,000
Healthcare Services 2.2% $117,000 $116,000 N/A N/A
Medical Devices 0.6% N/A N/A N/A N/A
Consulting 23.8% $120,042 $125,000 $26,597 $24,445
Consumer Products/Retail 5.0% $107,617 $97,000 $16,250 $9,067
Consumer Products 3.9% $109,800 $97,000 $20,000 N/A
Retail 1.1% N/A N/A N/A N/A
Education/ Government/ Non-Profit 5.5% $81,625 $81,250 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 3.2% N/A N/A N/A N/A
Energy 11.0% $102,441 $100,000 $11,875 $32,509
Alternative Energy 7.6% $102,083 $97,500 N/A $52,813
Petroleum 1.7% $107,000 $107,000 N/A N/A
Utilities 1.7% $108,833 $100,000 N/A N/A
Financial Services 11.6% $98,607 $100,000 $29,250 $35,200
Diversified Financial Services 3.2% $90,500 $90,000 $14,375 N/A
Investment Banking/Brokerage 4.4% $102,932 $100,000 $36,000 N/A
Investment/Portfolio Management 2.8% $98,000 $100,000 N/A N/A
Private Equity 0.6% N/A N/A N/A N/A
Venuture Capital 0.6% N/A N/A N/A N/A
Media/Entertainment/ Sports 1.7% $106,667 $100,000 N/A N/A
Advertising/Media 1.1% N/A N/A N/A N/A
Sports 0.6% N/A N/A N/A N/A
Real Estate 5.5% $91,667 $90,000 N/A $26,214
Technology 30.9% $107,975 $110,000 $19,794 $39,021
Diversified High Tech 5.0% $114,288 $115,000 $17,143 $22,500
Electronics 0.6% N/A N/A N/A N/A
Hardware 1.6% N/A N/A N/A N/A
Internet 17.7% $103,713 $110,000 $20,486 $43,357
Semiconductors 1.6% $117,333 $116,000 $16,767 N/A
Software 4.4% $114,000 $112,500 $26,250 $27,250
Other 2.2% N/A N/A N/A N/A
Grand Total 100% $107,451 $110,000 $22,140 $30,956


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
Biz Dev/Strategy 10.5% $104,827 $116,000 $10,250 $43,643
Consulting 28.2% $117,793 $120,000 $25,843 $25,430
Finance 17.7% $102,949 $100,000 $32,333 $32,091
General Management 11.0% $106,391 $110,500 $15,533 $30,640
Human Resources 0.6% N/A N/A N/A N/A
Marketing 21.5% $104,202 $100,000 $18,816 $36,895
Operations/Logistics 1.7% N/A N/A N/A N/A
Real Estate 5.0% $91,875 $87,500 N/A $30,100
Other 3.8% $115,000 $115,000 $19,000 $18,500
Grand Total 100% $107,451 $110,000 $22,140 $30,956


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 67.4%
*On-Campus Recruiting 23.8%
*Summer Internship (Haas-sourced) 14.4%
*Haas/Cal Network 12.7%
*Haas Job Posting 9.9%
*Haas Sponsored Off-Campus Recruiting 6.6%
Graduate-facilitated Activities 26.6%
*Previous Employer 8.8%
*Personal Network 8.3%
*Off Campus Recruiting (non-Haas Sourced) 6.1%
*Summer Internship (non-Haas Sourced) 2.2%
*Search Firm/Employment Agency 0.6%
*Family-owned Business 0.6%
Unknown 6.0%

Total 100%

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Class of 2010 - Salary by Location

Location % Mean Base Salary Median Base Salary Mean Signing Bonus1 Mean Total Other Comp2
United States 81.6% $107,502 $110,000 $21,041 $30,943
   West-Northern Calif. 62.0% $103,626 $100,000 $19,478 $25,607
   Pacific Northwest 5.6% $108,400 $110,000 $32,000 $62,143
   Northeast 5.0% $104,125 $99,000 $25,625 $45,125
   Southwest 3.4% $82,800 $70,000 $20,000 $36,000
   Midwest 1.7% $108,667 $111,000 $17,500 $11,500
   Middle Atlantic 1.7% $137,500 $137,500 N/A N/A
   South 0.6% N/A N/A N/A N/A
   West-Southern Calif. 0.6% N/A N/A N/A N/A
International 18.4% $107,146 $105,300 $27,564 $31,051
   Asia 10.1% $101,546 $102,500 $29,050 $32,851
   Europe 4.5% $117,177 $119,500 $30,667 $26,667
   Canada 1.7% N/A N/A N/A N/A
   Latin America 1.1% N/A N/A N/A N/A
   Africa 0.6% N/A N/A N/A N/A
   Oceania 0.6% N/A N/A N/A N/A
Grand Total 100% $107,451 $110,000 $22,140 $30,956

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 2011, Summer Internships

A Profile: 254 students

Women 28%
Minority 31%
International 30%
Median Work Experience 5 years


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Top Industries:

Technology 31.6%
Financial Services 15.6%
Bio/Pharm/Healthcare/MedDevices 12.7%
Energy 11.4%
Consulting 10.1%


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Top Functions:

Marketing 26.7%
Finance 23.3%
General Management 16.9%
BizDev/Strategy 12.2%
Consulting 8.1%


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

Apple Genentech
Amazon Google
Bain & Company McKesson
Bloom Energy Microsoft
Cisco Novartis
Deloitte Consulting Parnassus Investments
Facebook VMWare

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Salary by Industry

Bio/Pharma/Health/MedDevices 12.7% $6,370 $6,633
   Biotech/Pharma 5.9% $6,115 $6,670
   Healthcare Services 4.2% $6,689 $6.667
   Medical Devices 2.5% $6,563 $6,080
Consulting 10.1% $8,910 $10,000
Consumer Products/Retail 3.4% $5,447 $5,850
   Consumer Products 3.0% $5,189 $5,225
   Retail 0.4% N/A N/A
Education/Government/Non-Profit 8.4% $2,923 $2,800
Energy/Petroleum/Utilities 11.4% $5,488 $5,200
Financial Services 15.6% $6,244 $7,000
   Diversified Financial Services 0.4% N/A N/A
   Investment Banking/Brokerage 4.2% $8,333 $8,333
   Investment/Portfolio Management 7.2% $5,072 $4,800
   Private Equity 1.3% N/A N/A
   Venture Capital 1.3% N/A N/A
   Other 1.3% $7,111 $7,000
Media/Entertainment 1.7% $5,467 $6,000
Real Estate 2.1% $5,467 $5,500
Technology 31.6% $6,136 $6,500
   Diversified High Tech 7.6% $6,547 $6,708
   Electronics 0.4% N/A N/A
   Internet 13.5% $6,086 $6,727
   Semiconductors/Hardware 3.8% $5,814 $5,600
   Software 4.6% $5,883 $6,000
   Telecommunications 1.7% $6,194 $6,250
Transportation 0.4% N/A N/A
Widely Diversified Services 0.4% N/A N/A
Other Industries 2.1% $5,600 $5,000
Grand Total 100% $6,181 $6,400

3Salary shown is monthly; weekly mean salary is $1,351 calculated using 4.33 weeks per month.

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Salary by Function

Average of Salary by Function % Mean Salary3 Median Salary3
BizDev/Strategy 12.2% $5,379 $5,600
Consulting 8.1% $9,001 $10,000
Finance 23.3% $6,764 $7,000
General Management 16.9% $6,312 $6,670
Human Resources 0.6% N/A N/A
Marketing 26.7% $6,120 $6,400
Operations 4.1% $5,757 $6,400
Other 8.1% $5,959 $6,000
Grand Total 100% $6,181 $6,400

3Salary shown is monthly; weekly mean salary is $1,351 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 80.3%
*On-Campus Recruiting 41.0%
*Job Posting 19.7%
*Off-Campus Recruiting - Haas Contact 10.7%
*Cal/Haas Alumnus/a 8.4%
*Haas Career Forum 0.5%
Graduate-facilitated Activities 19.7%
*Off Campus Recruiting (non-Haas Contact) 7.9%
*Job Posting (non-Haas facilitated) 3.4%
*Personal Network 2.8%
*Search Firm/Employment Agency 2.2%
*Off Campus Career Fair (non-Haas facilitated) 1.7%
*Previous Employer 1.1%
*Family-owned Business 0.6%

Total 100%


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Class of 2011 - Summer Internships by Region

United States 87.3% $6,362 $6,912
   West 77.0% $6,191 $6,400
   Pacific Northwest 3.4% $7,857 $8,000
   Northeast 2.9% $7,400 $7,200
   Midwest 1.5% $7,928 $8,333
   Middle Atlantic 1.0% N/A N/A
   Southwest 1.0% N/A N/A
   South 0.5% N/A N/A
International 12.7% $5,390 $4,300
   Latin America 3.9% $3,988 $4,650
   Asia 3.4% $3,028 $1,906
   Europe 3.4% $6,956 $6,500
   Africa 1.5% $2,750 $2,750
Grand Total 100% $6,181 $6,400



3Salary shown is monthly; weekly mean salary is $1,351 calculated using 4.33 weeks per month.

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