HBS:Class of 2006 Career Salary Statistics

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Class of 2006 Career Salary Statistics by Industry

Class of 2006 Salary by Industry Destinations	%	25th % Base Salary	Median Base Salary	75th % Base Salary	Median Total Additional Comp**	% Receiving Additional Comp
Consulting	21%	$110,000	$110,000	$115,000	$30,000	99%
Entertainment/Media	3%	$73,650	$90,000	$107,000	$23,742	71%
Communications	1%	$71,975	$87,500	$106,750	$37,000	50%
Entertainment	1%	$90,000	$90,000	$95,000	$18,375	89%
Other	1%	$59,250	$92,000	$106,750	$35,400	71%
Finance	42%	$95,000	$100,000	$128,760	$45,000	91%
I-Banking	10%	$95,000	$95,000	$95,000	$40,300	100%
I-Management	10%	$100,000	$120,000	$130,000	$60,000	88%
PE/LBO	13%	$115,000	$125,000	$150,000	$91,000	88%
Private Equity	11%	$115,000	$125,000	$150,000	$77,500	88%
Leveraged Buyout	2%	$115,000	$150,000	$150,000	$165,000	91%
Sales & Trading	2%	$95,000	$95,000	$95,750	$40,000	100%
Venture Capital	3%	$125,000	$130,000	$150,000	$20,000	65%
Other	4%	$90,000	$95,000	$105,000	$35,000	96%
Comm. Banking	1%	$95,000	$97,500	$107,500	$35,000	100%
Diversified/Insurance	1%	$90,000	$90,000	$95,000	$35,000	100%
Real Estate	2%	$95,000	$100,000	$110,000	$40,000	91%
Non-Profit/Government	3%	$83,250	$90,000	$90,000	$6,500	40%
Non-Profit	2%	$87,500	$90,000	$90,000	$4,000	33%
Government	<1%	$78,000	$87,500	$90,000	$20,000	60%
Real Estate	2%	$95,000	$100,000	$111,000	$16,000	81%
Retail	4%	$90,000	$95,000	$108,750	$20,000	90%
Other Services	6%	$90,000	$100,000	$110,000	$18,000	85%
Food/Lodging	1%	$85,000	$97,500	$100,000	$10,000	78%
Health-Related	1%	$90,000	$95,000	$110,000	$20,000	78%
Internet Development	<1%	$100,000	$102,500	$112,500	$10,000	83%
Other	2%	$90,000	$100,000	$121,250	$25,000	94%
Biomed/Pharmaceutical	5%	$94,878	$102,641	$110,000	$25,240	97%
Consumer Products	4%	$85,000	$87,000	$90,000	$30,000	87%
Technology	6%	$95,000	$102,000	$113,000	$26,500	93%
Computer Hardware/	<1%	$95,000	$105,000	$110,000	$30,000	100%
Computer Software	3%	$95,000	$101,000	$105,000	$26,500	95%
Consumer Electronics	<1%	$102,500	$105,000	$110,000	$25,000	100%
General High Technology	<1%	$96,500	$113,000	$119,000	$17,500	67%
Multimedia Products	<1%	$100,000	$100,000	$100,000	$43,600	100%
Telecommunications	<1%	$98,125	$112,500	$122,500	$30,000	75%
Other Manufacturing	4%	$95,000	$107,000	$110,000	$28,250	92%
Aero/Auto/Transport Equipment	<1%	$96,000	$102,500	$106,250	$29,900	100%
Highly Diversified	1%	$92,500	$96,000	$109,500	$24,000	86%
Energy/Extractive Minerals	1%	$91,250	$100,500	$110,000	$25,000	90%
Other	<1%	$110,000	$125,000	$180,000	$44,000	100%
ALL SERVICES	82%	$95,000	$110,000	$120,000	$35,000	90%
ALL MANUFACTURING	19%	$90,000	$100,000	$110,000	$28,350	92%
ALL INDUSTRIES	100%	$95,000	$105,000	$115,000	$33,250	90%

Total additional compensation includes only those offer components that are guaranteed, including signing bonus, relocation, and guaranteed year-end bonus.

Class of 2006 Career Salary Statistics by Function

Class of 2006 Salary by Functional Destinations	%	25th % Base Salary	Median Base Salary	75th % Base Salary	Median Total Additional Compen- sation**	% Receiving Additional Compen- sation
Business Development	6%	$96,250	$105,000	$115,000	$20,000	74%
Consulting	22%	$110,000	$110,000	$115,000	$30,000	99%
Finance	41%	$95,000	$102,458	$126,250	$45,000	91%
Finance - Corporate	6%	$95,000	$95,000	$103,535	$40,000	93%
Corp. Finance	4%	$95,000	$95,000	$95,000	$40,000	100%
Gen. Finance	2%	$95,000	$110,000	$120,000	$50,000	79%
Finance - Prof. Srvs.	34%	$95,000	$110,000	$135,000	$50,000	91%
I-Management	12%	$100,000	$120,000	$138,750	$75,000	91%
Lending	<1%	$95,000	$95,000	$95,000	$36,000	100%
M&A	7%	$95,000	$98,000	$110,000	$51,000	100%
Research	1%	$95,000	$95,000	$102,500	$50,000	88%
Sales & Trading	2%	$95,000	$95,000	$95,000	$45,000	100%
Underwriting	1%	$95,000	$95,000	$95,000	$42,000	100%
Venture Captial	10%	$118,750	$130,000	$150,000	$50,000	84%
General Management	12%	$90,000	$95,000	$110,000	$23,871	83%
General Management	9%	$88,750	$97,500	$135,000	$24,500	87%
Manufacturing Management	<1%	$90,250	$95,500	$107,500	$37,500	67%
Project Management	2%	$90,000	$92,500	$107,500	$10,500	71%
Marketing	13%	$87,000	$95,000	$105,000	$27,600	94%
Brand/Product Management	7%	$85,950	$90,000	$103,000	$30,000	98%
General Marketing	4%	$90,000	$95,000	$105,000	$24,000	88%
Sales	2%	$85,625	$96,000	$104,320	$25,000	93%
Strategic Planning	5%	$90,000	$100,000	$105,000	$30,000	89%
Other	2%	$85,000	$100,000	$115,000	$21,000	71%
ALL FUNCTIONS	100%	$95,000	$105,000	$115,000	$33,250	90%

Total additional compensation includes only those offer components that are guaranteed, including signing bonus, relocation, and guaranteed year-end bonus.

Class of 2006 Career Salary Statistics by Location

Class of 2006 Salary by Location Destinations	%	25th % Base Salary	Median Base Salary	75th % Base Salary	Median Total Additional Compensation**	% Receiving Additional Compensation Package
Northeastern U.S.	40%	$95,000	$110,000	$120,000	$40,000	88%
Boston	11%	$100,000	$110,000	$121,250	$30,000	83%
New England (except Boston)	3%	$104,750	$115,000	$143,750	$27,500	89%
New York City	26%	$95,000	$102,500	$120,000	$40,000	92%
Mid-Atlantic U.S.	6%	$90,000	$110,000	$113,500	$23,000	88%
Mid-Atlantic States	4%	$87,750	$107,500	$115,000	$29,000	92%
Washington, D.C.	2%	$93,750	$105,000	$110,000	$20,000	88%
Southern U.S.	5%	$95,000	$110,000	$110,000	$29,000	92%
Atlanta	2%	$102,500	$110,000	$110,000	$27,000	93%
Southeast (except Atlanta)	3%	$90,750	$97,500	$111,250	$38,800	95%
Central U.S.	9%	$90,000	$97,500	$110,000	$31,750	100%
Chicago	5%	$95,000	$100,000	$115,000	$33,000	100%
Midwest	4%	$90,000	$95,000	$100,000	$30,000	100%
Southwestern U.S.	4%	$95,000	$110,000	$110,000	$31,500	96%
Rocky Mountain States	<1%	$90,000	$110,000	$110,000	$36,500	80%
Texas	3%	$95,250	$110,000	$110,000	$30,000	100%
Southwest - Other	<1%	$100,000	$110,000	$110,000	$25,000	100%
Western U.S.	18%	$95,000	$105,000	$119,375	$30,000	91%
California - Bay Area	10%	$95,000	$110,000	$125,000	$30,000	89%
California - Other	<1%	$107,500	$110,000	$118,750	$46,000	75%
California - Los Angeles	4%	$95,000	$110,000	$115,000	$20,000	100%
Pacific Northwest	4%	$95,000	$100,000	$102,250	$26,800	92%
Other U.S.	<1%	$90,000	$90,000	$101,250	$32,500	100%
Asia Pacific	5%	$92,000	$100,000	$110,000	$35,900	94%
China	2%	$92,500	$100,000	$100,000	$35,000	82%
Hong Kong	<1%	$91,250	$97,800	$130,000	$32,500	100%
India	<1%	$102,500	$105,000	$127,500	$36,000	100%
Japan	<1%	$105,000	$115,000	$121,250	$85,000	100%
Singapore	<1%	$83,875	$100,500	$110,625	$50,000	100%
South Korea	<1%	$102,500	$105,000	$112,500	$30,000	100%
Other	<1%	$62,000	$95,000	$102,500	$31,500	100%
Europe	9%	$100,000	$117,500	$140,000	$40,300	83%
England	6%	$102,285	$120,000	$130,000	$50,000	88%
France	<1%	$133,500	$175,000	$177,500	$21,500	100%
Other	2%	$100,000	$100,000	$135,000	$15,000	67%
Latin America	2%	$83,650	$90,000	$100,000	$33,800	80%
Brazil	1%	$78,738	$89,977	$97,500	$36,800	100%
Mexico	<1%	$85,000	$85,000	$100,000	$29,750	80%
Other	<1%	$87,250	$92,500	$96,250	$32,000	50%
North America - Canada	1%	$72,500	$77,000	$85,000	$45,000	71%
Other International	1%	$43,875	$75,000	$100,000	$18,167	88%
US	82%	$95,000	$107,010	$115,000	$32,000	91%
INTERNATIONAL	18%	$90,000	$100,000	$120,000	$40,000	84%
ALL LOCATIONS	100%	$95,000	$105,000	$115,000	$33,500	90%

Please note that salary information is self-reported by students. Total additional compensation includes only those offer components that are guaranteed, including signing bonus, relocation, and guaranteed year-end bonus.

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