What Biz Majors Make At Graduation

salary moneyIf you want to know why majoring in business has become so popular in recent years, look no further than the starting salaries of graduates. Get your undergrad degree in business from a top school and you can walk into a job paying $70,000 a year.

That’s pretty good money, no matter how you slice it. And when you can pull down that kind of paycheck to start, it’s even better. Of course, this is starting salary only. At Wharton, more than 80% of the graduating class typically receives average sign-on bonuses of nearly $10,000, on top of annual bonuses over $26,000 each.

It’s also worth noting that the average senior in the class of 2013 at Wharton had 11.5 interviews and 2.2 job offers during senior year. The numbers are slightly skewed because nearly 40% of students accepted offers after junior year summer internships; those students frequently don’t interview at all during their senior year. 

And the pay is not only good at the top-drawer business schools.  Last year’s business graduates at Binghamton University, for example, gained starting salaries of $60,000–just ten grand less than Wharton grads. And at the College of New Jersey, business grads picked up jobs that paid median salaries of $56,000 a year.

Schools Where Business Graduates Earn The Most To Start

 

SchoolMedian Starting Salary
University of Pennsylvania (Wharton)$70,000
University of Virginia (McIntire)$70,000
Carnegie Mellon University (Tepper)$70,000
Cornell University (Dyson)$65,000
University of Michigan (Ross)$65,000
Georgetown University (McDonough)$64,500
New York University (Stern)$64,000
Washington University (Olin)$62,500
University of California-Berkeley (Haas)$62,000
Emory University (Goizueta)$60,000
University of North Carolina-Chapel Hill (Kenan-Flagler)$60,000
Binghamton University$60,000
Notre Dame University (Mendoza)$58,000
University of Texas-Austin (McCombs)$58,000
College of William & Mary (Mason)$58,000
University of Alabama (Culverhouse)$58,000
Lehigh University$57,750
Fordham University (Gabelli)$57,540
Boston College (Carroll)$57,000
Northeastern University (D’Amore-McKim)$57,000
University of Maryland (Smith)$56,500
Wake Forest University$56,000
Rensselaer Polytechnic Institute (Lally)$56,000
James Madison University$56,000
College of New Jersey$56,000

Source: Business schools reporting to Bloomberg BusinessWeek