The 2023 MBA Job Market Is Unkind To Another Elite B-School: Wharton
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The Wharton School’s 2023 MBA employment report shows a freezing of median salary and a mild decline in job offers and acceptances
The Wharton School at the University of Pennsylvania is the latest top B-school to report flat MBA salaries and declining offers in 2023. But that doesn’t tell the whole story.
It’s true that median salary for the MBA Class of 2023 was flat at $175,000, according to the newly released employment report. But the salary breakdown by industry shows that of 13 industries, only three saw actual median salary declines — while most saw increases of a little or a lot. It’s just that finance, where more than one third of Wharton MBAs found work this year, was one of the “littles,” with median salary growing less than 1% to $175K.
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