Compensation Report: Banking Salaries Bounce Back

A front page story in the Sunday New York Times (“After an off year, salaries are bouncing back”) may have given hope to aspiring MBAs. It seems that banking bonuses are expected to bounce back to 2007 peaks, after an off 2008, made possible by the reserves major banks are setting aside. While absolute bonus reserves are lower than they have been in the past, headcount is also lower. So, on average, many investment bankers can still expect to see the bonuses that have been the inspiration for so many to pursue MBAs and head off to Wall Street. Of course, when the bonuses are in fact doled out, there could be significant criticism and a retreat. Only time will tell…

Upcoming Events

Upcoming Deadlines

  • Dartmouth Tuck (Round 3)
  • London Business School (Round 3)
  • Texas McCombs (Round 3)
  • Vanderbilt Owen (Round 4)
  • Berkeley Haas (Round 4)
  • Penn State Smeal (Round 4)
  • Penn Wharton (Round 3)
  • Columbia (Round 3)
  • Northwestern Kellogg (Round 3)
  • Virginia Darden (Round 3)
  • Chicago Booth (Round 3)
  • Michigan Ross (Round 3)
  • MIT Sloan (Round 3)
  • Stanford GSB (Round 3)
  • Yale SOM (Round 3)
  • Cornell Johnson (Round 3)
  • UCLA Anderson (Round 3)
  • USC Marshall (Round 3)
  • Toronto Rotman (Round 4)
  • UNC Kenan-Flagler (Round 4)
  • Georgetown McDonough (Round 4)

Click here to see the complete deadlines

2023–2024 MBA Essay Tips

Click here for the 2022–2023 MBA Essay Tips

MBA Program Updates