The Stanford Graduate School of Business released its 2016 employment report Thursday, showing new record-breaking salaries for its MBA graduates, Poets & Quants reported.
Average total compensation for this year's Stanford MBA graduates hit $179,346, up 4.2 percent from $172,196 in 2015, according to the graduate business school site. Average median compensation, the publication reports, reached $163,827, up 2.2 percent from $160,287 a year earlier. Both of those figures are all-time highs for the California school.
Stanford's median compensation also surpassed Harvard Business School by nearly $6,000. Poet & Quants also reported that Stanford beat every other business school that has released employment numbers so far this year, including Wharton, University of Chicago's Booth School of Business, Duke University's Fuqua School of Business and Northwestern University's Kellogg School of Business (excluding other guaranteed pay at Kellogg which does not disclose that number).
Although the technology industry claimed the largest percentage of Stanford MBAs again this year, the publication reports, the finance industry was responsible for driving up the class' median pay levels.