Consulting and Technology, although are leading as the top industries, employing 25% and 24% of graduates, respectively, both industries faced significant slowdown. This trend was reflected in the Berkeley Haas MBA Employment Report for 2024.
We have shortlisted 7 interesting trends:
1. Consulting placements were lower at Berkeley Haas in hiring percentage and median base salary compared to Darden and Ross. 25% hired in Consulting and a median base salary lower than $180,000 - the new threshold for M7 and Top 10 MBA programs
2. Technology Hiring Strong - Industry and By Function
24% in Technology is always a unique milestone, especially in a downturn market, but Berkeley Haas seems to pull it off. A big contributor to this trend was the MBAs who chose to enter Technical functions (12%). The strong mean signing bonus ($36,939) for the industry also compensated for the below-par median base salary.
3. Financial Services placements remained strong for Haas but below the compensation of peer schools (Darden and Ross - both at $175,000). Haas could attract a mean base salary of $164,905
4. Healthcare and Energy remained strong at Haas
5. Consulting and Finance by Function - Drop-in Mean Base Salary; Technical Role - highest mean signing bonus
6. Marketing Compensation - Better than Peer Schools, Darden and Ross
7. Top Employers - Consulting employers dominate, but except for Adobe and Amazon, the big tech players were absent from the top recruiter list at Haas. Notably - Apple, Microsoft, Tesla, and TikTok, recruiters in the top employer list last year were absent this year.
