2016-2017 MBA Employment Report

Detailed Statistics
Class of 2017: Full-Time Hires
Class of 2018: Summer Hires

The Class of 2017 chose jobs in diverse industries. The illustration visualizes jobs by industry; see the data table on page 6.

October 16, 2017

Updated (see italics) January 29, 2018 - footnote 1 on page 13 1 of 17
Employment Report
Stanford Graduate School of Business
Class of 2017: Full-Time Hires

Student Profile1

Applications Received 7,899

New Students 407
Women 40%
International2 40%
U.S. Minority 19%
Average Years of Work Experience 4.0
Range of Years of Work Experience 0-17

Undergraduate Major
Humanities/Social Sciences 48%
Engineering/Math/Natural Sciences 39%
Business 13%

Advanced Degree 13%

Average GMAT Score 733

1
Class profile is provided as of matriculation.
2
Includes permanent residents and U.S. dual citizens

October 16, 2017 2 of 17

Employment Report1
Stanford Graduate School of Business
Class of 2017: Full-Time Hires

Employment Profile2

Permanent Work Authorization 3 Non-Permanent Work Authorization All MBA Graduates

Number Percent Number Percent Number Percent

Seeking Employment4,5,6 196 71% 70 61% 266 68%

Not Seeking Employment:
Company-sponsored 13 5% 9 8% 22 6%
Continuing education 15 5% 3 3% 18 5%
Postponing job search 0 0% 2 2% 2 1%
Starting a new business 38 14% 25 22% 63 16%
Not seeking for other reasons 2 1% 0 0% 2 1%
Subtotal, Not Seeking Employment 68 24% 39 34% 107 27%
No Information 14 5% 5 4% 19 5%

Total Graduates 278 100% 114 100% 392 100%

1
This report conforms to the MBA Career Services & Employer Alliance, Standards Edition V, for reporting MBA employment statistics
2
Employment information is self-reported, and includes all students who graduated in the 12 months ending in June 30, 2017. This table is based upon information
from 95% of the total graduating class
3
Permanent Work Authorization is defined by the CSEA as comprising U.S. Citizens and Permanent Residents
4
Employers did not defer the starting dates of any graduates
5
One graduate reneged on an offer that had been accepted
6
One employer rescinded an offer

October 16, 2017 3 of 17

Employment Report
Stanford Graduate School of Business
Class of 2017: Full-Time Hires

Timing of Job Offers

By Three Months
1
By Graduation Post-Graduation

Seeking
Employment Job Offers Job Offers
Number Number Percent Number Percent

Permanent Work Authorization 196 144 73% 179 91%

Non-Permanent Work Authorization 70 50 71% 66 94%

Total Graduates Seeking Employment 266 194 73% 245 92%

Timing of Job Acceptances

By Three Months
By Graduation1 Post-Graduation

Seeking
Employment Job Acceptances Job Acceptances
Number Number Percent Number Percent

Permanent Work Authorization 196 128 65% 171 87%

Non-Permanent Work Authorization 70 42 60% 62 89%

Total Graduates Seeking Employment 266 170 64% 233 88%

1
"Graduation" is measured relative to each individual student’s graduation date. There are multiple graduation dates at the GSB, though
the vast majority of students in the Class of 2017 (375 of 391) graduated on June 18, 2017.

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October 16, 2017
Employment Report
Stanford Graduate School of Business
Class of 2017: Full-Time Hires
Compensation Summary1, 2
Number Reporting % Reporting Median Mean Range

BASE SALARY3
Permanent Work Authorization 146 85% 142,000 146,712 30,000 - 285,000
Non-Permanent Work Authorization 57 92% 140,000 138,632 53,306 - 250,000
Total 203 87% 140,000 144,455 30,000 - 285,000

SIGNING BONUS
Permanent Work Authorization 71 49% 25,000 27,778 5,000 - 65,000
Non-Permanent Work Authorization 32 56% 27,500 33,484 10,000 - 77,000
Total 103 51% 25,000 29,534 5,000 -77,000

OTHER GUARANTEED COMPENSATION4

Permanent Work Authorization 37 25% 65,000 89,526 6,750 - 450,000
Non-Permanent Work Authorization 14 25% 30,000 65,990 9,555 - 225,000
Total 51 25% 50,000 83,065 6,750 - 450,000

EXPECTED PEFORMANCE BONUS5,6

Permanent Work Authorization 98 67% 40,000 72,639 5,000 - 450,000
Non-Permanent Work Authorization 34 60% 30,000 69,946 10,000 - 300,000
Total 132 65% 35,000 71,946 5,000 - 450,000

1
All compensation information is self-reported. Useable salary data was obtained from 87% of those graduates who accepted a job. Compensation data excludes students who are company-
sponsored (6%) or starting their own business (16%).
2
International compensation is reported in U.S. dollars as calculated by students on the basis of prevailing exchange rates.
3
Base salary excludes bonuses, commissions, benefits, and perquisites.
4
Other Guaranteed Compensation (OGC) is defined by the CSEA as taxable payroll compensation that is guaranteed. It includes guaranteed performance bonus and guaranteed overtime. It
does not include tuition reimbursement, relocation expense reimbursement, auto allowance, profit sharing, 401K match, and others. It also does not include stock and/or stock options. (Note:
the newest version VI of the CSEA reporting standards will drop the OGC reporting requirement effective next year.)
5
Many students report that their performance bonuses are not explicitly guaranteed. Expected Performance Bonus is not a CSEA-defined metric but is a complementary measure of
performance-based compensation. In 2017, 65% of students expected a cash-based performance bonus, whether guaranteed or not.
6
In addition, stock compensation was reported by 32% of students. The value of stock-based compensation is not included.

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Employment Report
Stanford Graduate School of Business
Class of 2017: Full-Time Hires

Compensation by Industry1

Base Salary ($) Signing Bonus ($) Other Guaranteed Compensation ($)4 Expected Performance Bonus($)5
Range Range Range Range
Industry Percent2 Median Mean High Low Median Mean High Low Median Mean High Low Median Mean High Low
Consulting 20 147,000 144,750 228,000 100,000 25,000 28,092 45,000 20,000 20,000 22,862 40,000 9,555 29,000 28,940 56,500 10,000
Consumer Packaged Goods 4 112,000 114,429 130,000 90,000 17,500 18,125 32,500 5,000 NA NA NA NA 21,400 19,433 25,000 11,900
Energy/Cleantech 1 NA3 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA
Finance 32 150,000 164,258 285,000 95,000 43,750 40,104 75,000 10,000 107,500 117,297 450,000 14,400 120,000 134,130 450,000 15,000
Private Equity 15 155,000 175,690 250,000 100,000 45,000 39,167 50,000 20,000 127,500 125,783 280,000 14,400 150,000 152,037 300,000 40,000
Venture Capital 7 175,000 177,653 285,000 120,000 32,500 36,250 65,000 15,000 72,750 68,688 130,000 18,000 75,000 73,773 199,500 15,000
Hedge Funds 4 150,000 147,278 200,000 100,000 30,000 36,250 75,000 10,000 100,000 185,000 450,000 75,000 150,000 203,571 450,000 50,000
Investment Management 3 160,000 159,000 180,000 130,000 50,000 43,333 50,000 30,000 125,000 123,333 125,000 120,000 125,000 137,500 220,000 80,000
Investment Banking 1 125,000 123,333 150,000 95,000 NA NA NA NA NA NA NA NA NA NA NA NA
Finance - Other 3 125,000 125,833 140,000 115,000 47,500 43,500 60,000 20,000 NA NA NA NA 30,000 45,500 90,000 16,500
Healthcare 4 123,750 137,333 219,000 110,000 27,500 31,250 50,000 20,000 NA NA NA NA 15,000 12,667 18,000 5,000
Manufacturing <1 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA
Media/Entertainment 1 150,000 150,000 175,000 125,000 NA NA NA NA NA NA NA NA NA NA NA NA
Nonprofit 3 100,000 101,333 104,000 100,000 NA NA NA NA NA NA NA NA NA NA NA NA
Real Estate 3 132,000 121,390 150,000 60,000 NA NA NA NA NA NA NA NA 38,200 46,744 98,000 11,061
Retail 2 118,000 118,720 150,000 85,600 NA NA NA NA NA NA NA NA 24,000 21,333 25,000 15,000
Technology 25 132,500 132,392 225,000 30,000 25,000 27,120 77,000 5,000 16,400 26,511 80,000 6,750 20,000 27,490 100,000 11,000
E-Commerce 6 125,000 123,055 150,000 53,306 41,000 45,500 77,000 33,000 NA NA NA NA 24,000 38,800 100,000 20,000
Software 5 150,000 156,909 225,000 116,000 20,000 26,250 60,000 5,000 NA NA NA NA 17,000 36,667 100,000 15,000
Marketing 3 135,000 129,000 145,000 110,000 35,000 32,500 50,000 10,000 NA NA NA NA 20,000 19,000 19,000 17,250
Media/Entertainment 3 130,000 132,500 190,000 100,000 15,000 18,333 25,000 15,000 15,700 15,788 25,000 6,750 13,000 16,333 25,000 11,000
Internet Services 2 122,500 131,250 160,000 120,000 5,000 6,667 10,000 5,000 NA NA NA NA NA NA NA NA
Consumer Electronics 1 130,000 131,667 135,000 130,000 NA NA NA NA NA NA NA NA NA NA NA NA
FinTech 1 120,000 120,000 140,000 100,000 NA NA NA NA NA NA NA NA NA NA NA NA
EdTech <1 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA
Tech - Other 3 135,000 118,857 145,000 30,000 20,000 18,333 20,000 15,000 NA NA NA NA NA NA NA NA
Transportation & Logistics Services 3 125,000 131,667 170,000 110,000 10,000 14,333 25,000 8,000 NA NA NA NA 25,000 40,867 82,000 15,600
Other 6 2 147,500 146,250 165,000 125,000 NA NA NA NA NA NA NA NA 21,750 21,000 31,250 10,000

TOTAL 100 140,000 144,455 285,000 30,000 25,000 29,534 77,000 5,000 50,000 83,065 450,000 6,750 35,000 71,946 450,000 5,000

`
1
Data does not include entrepreneurs (16%) and sponsored students (6%), per standards set by the MBA Career Services & Employer Alliance (CSEA).
2
Percent total may not equal sum of components due to rounding.
3
NA indicates fewer than three students.
4
Other Guaranteed Compensation (OGC) is defined by the CSEA as taxable payroll compensation that is guaranteed. It includes guaranteed performance bonus and guaranteed overtime. It does not include tuition
reimbursement, relocation expense reimbursement, auto allowance, profit sharing, 401K match, and others. It also does not include stock and/or stock options. (Note: the newest version VI of the CSEA reporting
standards will drop the OGC reporting requirement effective with the Class of 2018.)
5
Many students report that their performance bonuses are not explicitly guaranteed. Expected Performance Bonus is not a CSEA-defined metric but is a complementary measure of performance-based
compensation. In 2017, 65% of students expected a cash-based performance bonus, whether guaranteed or not.

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Employment Report
Stanford Graduate School of Business
Class of 2017: Full-Time Hires

Industry Details, West Region1, 2

Industry Percent
Consulting 15
Consumer Products 6
Energy - Cleantech 2
Finance 26
Private Equity 10
Venture Capital 7
Hedge Funds 4
Investment Management 3
Investment Banking 1
Other 2
Healthcare (Including Products and Services) 4
Manufacturing 1
Media/Entertainment 1
Non-Profit 3
Real Estate 2
Retail 2
Technology 35
Software 9
e-Commerce/e-Retail 7
e-Media/Entertainment 4
e-Marketing 4
Internet Services 3
Consumer Electronics/Hardware 2
e-Finance 2
e-Education 1
Other 4
Transportation and Logistics Services 2
Other 2

TOTAL 100

1
The table shows industries chosen by students accepting jobs in the West Coast. This region includes California, Oregon, and
Washington. This data is not required by the CSEA but gives additional insight into career choices.
2
Excludes sponsored students
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Employment Report
Stanford Graduate School of Business
Class of 2017: Full-Time Hires

Compensation by Function1

Base Salary ($) Signing Bonus ($) Other Guaranteed Compensation ($)4 Expected Performance Bonus($)5
Range Range Range Range
Function Percent2 Median Mean High Low Median Mean High Low Median Mean High Low Median Mean High Low
Consulting 28 147,000 142,793 228,000 90,000 25,000 27,919 45,000 8,000 25,000 23,366 40,000 9,555 29,000 30,783 82,000 10,000
Management/Other Consulting 20 147,000 145,110 228,000 100,000 25,000 28,176 45,000 20,000 20,000 22,862 40,000 9,555 29,000 28,940 56,500 10,000
Corporate Strategy/Planning 8 130,000 137,206 225,000 90,000 27,500 26,333 40,000 8,000 26,500 24,500 30,000 15,000 27,500 36,310 82,000 15,000
Finance 31 150,000 161,097 285,000 60,000 50,000 40,000 75,000 10,000 117,500 125,612 450,000 16,400 115,000 134,511 450,000 11,000
Private Equity Analyst 10 175,000 180,294 250,000 100,000 50,000 43,750 50,000 25,000 140,000 168,333 280,000 125,000 177,500 180,313 280,000 40,000
Investment/Portfolio Mgmt 7 150,000 150,796 250,000 60,000 40,000 40,000 50,000 30,000 125,000 127,571 225,000 18,000 90,000 113,838 300,000 11,061
Venture Capitalist 6 175,000 187,067 285,000 140,000 25,000 35,000 65,000 15,000 92,750 78,583 130,000 26,000 77,500 85,813 199,500 40,000
Financial Analyst 3 150,250 148,417 180,000 110,000 25,000 29,000 50,000 10,000 97,500 165,350 450,000 16,400 125,000 157,200 450,000 11,000
Investment Banker 2 125,000 123,750 150,000 95,000 50,000 53,333 60,000 50,000 NA NA NA NA NA NA NA NA
Finance, Other 3 130,000 125,714 150,000 100,000 40,000 45,000 75,000 20,000 NA NA NA NA 83,750 110,417 300,000 30,000
General Management 10 147,500 140,527 219,000 30,000 47,500 33,100 50,000 8,000 43,500 35,780 50,000 14,400 31,250 39,819 100,000 10,000
General Management 7 150,000 150,973 219,000 85,600 47,500 35,833 50,000 10,000 35,500 33,850 50,000 14,400 38,125 37,225 100,000 10,000
3
Project Management 3 135,000 118,143 145,000 30,000 NA NA NA NA NA NA NA NA 26,400 48,467 98,000 21,000
Marketing/Sales 22 128,750 128,500 165,000 105,000 20,000 23,426 77,000 5,000 NA NA NA NA 18,000 17,888 29,000 5,000
Brand/Product/Marketing Manager 12 125,000 127,391 150,000 107,000 20,000 24,821 77,000 5,000 NA NA NA NA 18,000 17,832 25,000 11,900
Business Development 6 126,250 130,875 165,000 105,000 20,000 17,500 20,000 10,000 NA NA NA NA 18,000 18,833 29,000 12,000
Product Development Manager 3 130,000 128,750 140,000 110,000 20,000 21,250 40,000 5,000 NA NA NA NA NA NA NA NA
Marketing, Other 2 116,000 127,000 150,000 115,000 20,000 31,667 60,000 15,000 NA NA NA NA NA NA NA NA
Operations/Logistics 3 107,000 101,061 130,000 53,306 NA NA NA NA NA NA NA NA NA NA NA NA
Other 5 150,000 150,067 215,000 100,000 40,000 31,600 40,000 5,000 80,000 94,485 170,000 12,425 90,000 95,594 215,000 21,750

TOTAL 100 140,000 144,455 285,000 30,000 25,000 29,534 77,000 5,000 50,000 83,065 450,000 6,750 35,000 71,946 450,000 5,000

1
Data does not include entrepreneurs (16%) and sponsored students (6%), per standards set by the MBA Career Services & Employer Alliance (CSEA).
2
Percent total may not equal sum of components due to rounding.
3
NA indicates fewer than three students.
4
Other Guaranteed Compensation (OGC) is defined by the CSEA as taxable payroll compensation that is guaranteed. It includes guaranteed performance bonus and guaranteed overtime. It does not include
tuition reimbursement, relocation expense reimbursement, auto allowance, profit sharing, 401K match, and others. It also does not include stock and/or stock options. (Note: the newest version VI of the CSEA
reporting standards will drop the OGC reporting requirement effective with the Class of 2018.)
5
Many students report that their performance bonuses are not explicitly guaranteed. Expected Performance Bonus is not a CSEA-defined metric but is a complementary measure of performance-based
compensation. In 2017, 65% of students expected a cash-based performance bonus, whether guaranteed or not.

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October 16, 2017
Employment Report
Stanford Graduate School of Business
Class of 2017: Full-Time Hires

Compensation by Location1

Base Salary ($) Signing Bonus ($) Other Guaranteed Compensation ($)4 Expected Performance Bonus($)5
Range Range Range Range
Location Percent2 Median Mean High Low Median Mean High Low Median Mean High Low Median Mean High Low

North America 89 140,000 145,811 285,000 30,000 25,000 29,655 77,000 5,000 50,000 79,413 450,000 6,750 35,000 69,293 450,000 5,000
United States 89 140,000 145,811 285,000 30,000 25,000 29,655 77,000 5,000 50,000 79,413 450,000 6,750 35,000 69,293 450,000 5,000
West 63 140,000 144,170 285,000 30,000 30,000 30,309 77,000 5,000 50,000 59,436 150,000 6,750 33,125 65,368 300,000 5,000
Northeast 16 140,000 152,690 250,000 110,000 25,000 29,147 50,000 8,000 29,000 119,650 450,000 8,600 35,000 97,168 450,000 11,900
Southwest 5 150,000 143,800 180,000 100,000 25,000 25,000 25,000 25,000 50,000 81,700 170,000 20,000 85,000 91,667 180,000 10,000
South 2 152,000 143,200 160,000 105,000 27,500 26,250 30,000 20,000 NA NA NA NA 44,000 37,220 45,000 20,000
Mid-Atlantic 2 148,750 154,125 175,000 144,000 25,000 30,000 40,000 25,000 NA NA NA NA 23,375 41,688 100,000 20,000
Midwest 2 151,000 149,250 175,000 120,000 NA3 NA NA NA NA NA NA NA 30,400 40,333 75,000 15,600

Outside North America 11 126,366 131,582 250,000 53,306 25,000 28,000 50,000 15,000 115,000 100,111 225,000 21,000 50,000 89,592 300,000 11,061
Asia 6 132,732 136,913 250,000 53,306 NA NA NA NA 125,000 109,286 225,000 25,000 75,000 102,007 300,000 11,061
6
Central America and Carribean 2 90,300 97,650 150,000 60,000 NA NA NA NA NA NA NA NA 67,500 75,000 150,000 15,000
European Free Trade Area Countries 1 NA3 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA
South America 1 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA
Africa - sub Saharan 1 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA
Middle East and North Africa (MENA) 1 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA

TOTAL 100 140,000 144,455 285,000 30,000 25,000 29,534 77,000 5,000 50,000 83,065 450,000 6,750 35,000 71,946 450,000 5,000

1
Data does not include entrepreneurs (16%) and sponsored students (6%), per standards set by the MBA Career Services & Employer Alliance (CSEA).
2
Percent total may not equal sum of components due to rounding.
3
NA indicates fewer than three students.
4
Other Guaranteed Compensation (OGC) is defined by the CSEA as taxable payroll compensation that is guaranteed. It includes guaranteed performance bonus and guaranteed overtime. It does not include
tuition reimbursement, relocation expense reimbursement, auto allowance, profit sharing, 401K match, and others. It also does not include stock and/or stock options. (Note: the newest version VI of the CSEA
reporting standards will drop the OGC reporting requirement effective with the Class of 2018.)
5Many students report that their performance bonuses are not explicitly guaranteed. Expected Performance Bonus is not a CSEA-defined metric but is a complementary measure of performance-based
compensation. In 2017, 65% of students expected a cash-based performance bonus, whether guaranteed or not.
6
Includes Mexico

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October 16, 2017
Employment Report
Stanford Graduate School of Business
Class of 2017: Full-Time Hires

Primary Source of
Full-Time Job Acceptances

SCHOOL-FACILITATED ACTIVITIES Number Percent

On-Campus Interviewing (OCI) 25 13%
Alumni Referral 20 10%
GSB Job Board/CMC Job Link 15 8%
Summer Employer (GSB-facilitated) 12 6%
Networking (GSB-facilitated)1 7 4%
Student Club / Club Event 3 2%
Resume Database 2 1 1%
Other (GSB-facilitated)3 3 2%
Sub Total 86 45%

GRADUATE-FACILITATED ACTIVITIES
Networking (student-facilitated) 70 36%
Pre-MBA Employer 23 12%
Summer Employer (student-facilitated) 13 7%
Other (student-facilitated) 4 0 0%
Sub Total 106 55%

Other or Unknown 41

Total5 192 100%

1
Likely understates importance of GSB-facilitated networking given the complex nature of the networking process.
2
Understates importance of the Resume Database since this source is used by recruiters to invite students to OCR interviews.
3
Other (GSB-facilitated) may include recruiting events, class projects, faculty referrals, and combination of sources.
4
Other (student-facilitated) may include organization websites, executive recruiters, and combinations of sources especially networking.
5
Other or Unknown job sources are excluded from the percentage calculations

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Employment Report
Stanford Graduate School of Business
Class of 2017: Full-Time Hires

Full-Time Entrepreneurs by Industry and Location1

Industry Percent Location Percent

Consulting 2 U.S. West 57
Consumer Products 6 Other U.S. 25
Energy - Cleantech 2 Outside U.S. 18
Finance 11
Finance - Private Equity 4 TOTAL 100
Finance - Investment Management 2
Finance - Venture Capital 2
Finance - Other 4
Healthcare (Including Products and Services) 9
Human Resources 2
Media/Entertainment 2
Non-Profit 2
Real Estate 9
Technology 48
Technology - Software 15
Technology - Internet Services 9
Technology - e-Commerce/e-Retail 7
Technology - e-Education 7
Technology - e-Finance 4
Technology - Other 6
Transportation and Logistics Services 2
Other 6

TOTAL 100

1
Data shows the industries chosen by students who are starting their own business (16%). These students are not included in the
compensation tables in this report, per standards set by the MBA Career Services & Employer Alliance (CSEA).

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Employment Report
Stanford Graduate School of Business
Class of 2018: Summer Hires

Student Profile1

Applications Received 8,116

New Students 417
Women 41%
International2 40%
U.S. Minority 29%
Average Years of Work Experience 4.0
Range of Years of Work Experience 0-13

Undergraduate Major
Humanities/Social Sciences 48%
Engineering/Math/Natural Sciences 37%
Business 15%

Advanced Degree 11%

Average GMAT Score 737

1
Class profile is provided as of matriculation
2
Includes permanent residents and U.S. dual citizens

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Employment Report
Stanford Graduate School of Business
Class of 2018: Summer Hires

Compensation by Industry1,2.3

Monthly Base Salary ($)

Range
Industry Percent Median Mean High Low
Consulting 7 12,250 11,267 12,500 1,550
Consumer Packaged Goods 6 6,650 6,232 9,583 2,167
Energy/Cleantech 4 5,200 5,484 10,833 1,000
Finance 27 7,800 7,716 16,667 1,000
Venture Capital 10 6,000 6,107 11,538 1,000
Private Equity 7 7,400 6,991 12,083 1,667
Investment Management 3 10,417 11,130 16,667 8,600
Hedge Funds 3 12,500 10,903 13,000 6,250
Investment Banking 2 10,417 10,411 10,417 10,400
Finance - Other 2 7,400 8,256 15,000 4,333
Healthcare 5 6,717 6,770 13,000 1,350
Media/Entertainment 3 5,926 5,660 8,667 1,000
Nonprofit 6 3,400 3,988 7,500 2,000
Real Estate 2 6,600 6,617 12,500 2,500
Retail 3 6,000 6,118 8,017 2,925
Technology 32 6,967 6,688 13,867 1,083
Software 9 7,400 7,073 9,700 2,925
E-Commerce 6 6,442 6,262 9,533 2,474
Internet Services 5 7,385 6,519 8,300 1,500
Media/Entertainment 3 6,907 7,173 13,867 2,000
Consumer Electronics/Hardware 2 8,000 6,781 9,533 2,925
EdTech 2 7,500 6,383 8,147 1,083
FinTech 2 4,700 4,875 6,000 4,000
Marketing 1 8,173 7,891 10,000 5,500
Tech - Other 3 7,425 6,922 8,667 5,000
Transportation & Logistics 2 7,300 6,759 8,333 5,000
Other 3 4,420 4,757 9,099 1,820

TOTAL 100 6,933 6,979 16,667 1,000

1
As of October 16, 2017 , 100% of job-seeking students in the Class of 2018 accepted internships, based on responses from 93% of students. Figures do not include Global Management Immersion Experience (GMIX), a four-
week international program at the end of the summer.

Effective December 31, 2017, a student’s self-reported update of employment status changed the calculation from 100% to 99.7% of job-seeking students in the Class of 2018 who accepted internships. All other data
contained in the Employment Report dated October 16, 2017 remains as reported. [All updates in italics]
2
Nonprofit compensation includes the SMIF stipend where applicable. SMIF (Stanford Management Internship Fund) provides financial support to MBA students who secure social or environmental purpose summer internships
with nonprofits, government agencies, and social purpose businesses. SMIF is offered by the Center for Social Innovation.
3
Compensation includes the ESP stipend where applicable. The Entrepreneurial Summer Program (ESP) supports students in pursuing eligible opportunities with entrepreneurial organizations. ESP is offered by the Center for
Entrepreneurial Studies.

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Employment Report
Stanford Graduate School of Business
Class of 2018: Summer Hires

Compensation by Function

Monthly Base Salary ($)

Range
Function Percent Median Mean High Low
Consulting 23 7,800 7,872 13,867 1,300
Strategy/Planning 16 6,000 6,262 13,867 1,300
Management Consulting 7 12,250 11,458 12,500 3,250
Finance 28 7,800 7,695 16,667 1,000
Venture Capitalist 9 6,000 6,052 11,538 1,000
Investment/Portfolio Mgmt 7 9,800 9,942 16,667 1,500
Private Equity Analyst 4 7,800 7,583 12,500 2,500
Financial Analyst 3 7,250 7,635 12,500 4,333
Investment Banker 2 10,417 10,411 10,417 10,400
Finance, Other 4 7,000 6,639 10,417 2,080
General Management 6 6,500 6,341 8,667 2,925
General Management 3 5,250 5,860 8,667 2,925
Project Management 2 6,933 6,838 8,000 5,400
Marketing/Sales 33 6,500 6,110 13,000 1,000
Brand/Product/Marketing Manager 13 7,250 6,512 10,000 1,000
Business Development 11 5,958 5,707 13,000 1,350
Product Development Manager 5 7,453 6,552 9,447 2,700
Marketing, Other 3 5,063 5,115 7,800 2,167
Operations/Logistics 4 7,042 6,869 10,833 3,120
Other 6 5,521 5,554 9,013 1,667

TOTAL 100 6,933 6,979 16,667 1,000

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Employment Report
Stanford Graduate School of Business
Class of 2018: Summer Hires

Compensation by Location1

Monthly Base Salary ($)

Range
Location Percent Median Mean High Low

North America 86 7,000 7,213 16,667 1,083

United States 86 7,000 7,213 16,667 1,083
West 63 6,933 7,012 16,667 1,083
Northeast 15 8,000 8,333 13,000 2,167
Southwest 3 8,600 7,362 12,500 2,167
Midwest 2 5,533 5,856 10,833 1,667
South 2 4,983 6,663 15,000 4,000
Mid-Atlantic 2 7,500 7,375 12,500 2,000

Outside North America 14

Asia 4 3,250 5,025 12,500 1,000
European Free Trade Area Countries 4 6,500 6,071 10,150 1,000
Africa - sub Saharan 2 3,780 3,577 5,417 1,000
Australia and Oceania 1 8,000 8,044 8,333 7,800
Middle East and North Africa (MENA) 1 3,000 3,433 6,000 1,300
Central America and the Caribbean 1 NA2 NA NA NA
South America 1 NA NA NA NA

Total 100 6,933 6,979 16,667 1,000

1
Figures do not include Global Management Immersion Experience (GMIX), a four-week international program at the end of the summer.
GMIX is offered by Global Experiences.
2
NA indicates fewer than three students.

October 16, 2017 15 of 17

Employment Report
Stanford Graduate School of Business
Class of 2018: Summer Hires

Primary Source of
Summer Job Acceptances

SCHOOL-FACILITATED ACTIVITIES Number Percent

CMC Job Link/GSB Job Board 54 18%
On-Campus Interviewing (OCI) 47 15%
Alumni 25 8%
Student Club / Club Event 12 4%
1
Networking (GSB-facilitated) 9 3%
Resume Database2 4 1%
Other (GSB-facilitated)3 25 8%
Sub Total 176 58%

STUDENT-FACILITATED ACTIVITIES Number Percent

Networking (student-facilitated) 112 37%
Pre-MBA Employer 7 2%
Other (student-facilitated)4 9 3%
Sub Total 128 42%

Other or Unknown 15

Total 304 100%

1
Likely understates importance of GSB-facilitated networking given the complex nature of the networking process.
2
Understates importance of the Resume Database since this source is used by recruiters to invite students to OCR interviews.
3
Other (GSB-facilitated) may include ESP or SMIF internships, recruiting events, class projects, faculty referrals, and combinations of sources.
4
Other (student-facilitated) may include organization websites, executive recruiters, and combinations of sources especially networking.

October 16, 2017 16 of 17

Employment Report
Stanford Graduate School of Business
Classes of 2017 & 2018

Most recruiters hired one or two students for

summer and/or full-time positions.

1%
3%

11% 1 Hire
2 Hires
3-5 Hires
5+ Hires
84%

Based on 411 firms hiring Stanford MBAs for summer and/or full-time in 2016-2017.

Other Employment Facts

Class of 2017 - Full-Time Positions

16% are pursuing entrepreneurial ventures

13% chose socially responsible roles in a private business (includes sponsored students and entrepreneurs)

Class of 2018 - Summer Positions and Experiences

100 students participated in Global Management Experience (GMIX)1 projects.

2
27 students were funded for Entrepreneurial Summer Program (ESP) internships.
3
28 students received Stanford Management Internship Fund (SMIF) fellowships.
21 students across Stanford (not just the GSB) participated in Stanford Institute for Innovation in Developing
4
Economies (SEED) internships.
(1) Learn more about GMIX
(2) Learn more about ESP
(3) Learn more about SMIF
(4) Learn more about SEED

October 16, 2017 17 of 17