Internship Function Choices, Class of 2023

FUNCTION25th% Monthly Salary (US $)Monthly Median (US $)75th% Monthly Salary (US $)3-Year Monthly Median (US $)# with Sign-On BonusMedian Signing Bonus
Business Development$7,500 $8,684 $10,000 $7,663 4$3,400
Consulting/Strategy$9,542 $14,500 $14,583 $13,325 44$5,000
Corporate Finance (Analysis/Treasury)$3,333 $9,767 $10,400 $8,750 2$5,000
Entrepreneurial Management$7,900 $9,000 $12,000 $6,933 0
General/Project Mgmt/Mgmt Development$8,233 $9,234 $9,900 $9,184 4$12,500
Investment Banking$14,583 $14,583 $14,583 $12,500 22$2,750
Investment Mgmt/Portfolio Mgmt$9,471 $12,500 $14,083 $10,669 3$5,000
Legal Services$16,640 $17,086 $17,500 $16,033 0
Operations/Production Mgmt/Supply Chain$6,000 $8,333 $10,053 $7,632 0
Private Equity/Venture Capital - Investor$6,000 $10,000 $13,000 $8,666 7$3,000
Product Management$8,000 $9,393 $10,053 $9,208 13$8,000
Product/Brand Marketing$7,367 $8,667 $9,375 $8,359 8$4,500
Real Estate$8,000 $8,624 $11,667 $7,583 0
Research$4,680 $9,317 $10,833 $7,340 1$10,000
FUNCTIONNumber 2022% of Accepted 2022% of Accepted 2021% of Accepted 2020% of Accepted 2019% of Accepted 2018% of Accepted 2017
Analytics/Data Science20.2%1.7%1.6%1.5%1.9%n/a
Business Development344.1%6.2%6.1%6.8%7.4%6.9%
Consulting/Strategy24629.3%28.3%27.9%27.2%25.2%25.6%
Corporate Finance (Analysis/Treasury)121.4%1.6%2.6%1.8%3.4%1.9%
Entrepreneurial Management111.3%1.3%2.7%1.9%1.1%0.7%
General/Project Mgmt/Mgmt Development323.8%4.5%4.6%3.2%4.8%5.1%
Human Capital30.4%0.9%1.0%0.2%0.5%0.3%
Innovation and Design50.6%0.4%0.2%n/an/an/a
Investment Banking9611.4%10.9%10.0%9.0%11.3%10.3%
Investment Mgmt/Portfolio Mgmt455.4%7.5%7.1%8.6%8.6%10.5%
Legal Services121.4%0.9%0.7%1.5%1.5%0.7%
Management Information Systems/IT10.1%0.5%0.1%0.1%0.0%0.0%
Merchandising/Buying/Planning20.2%n/a0.1%0.5%0.1%n/a
Operations/Production Mgmt/Supply Chain253.0%3.9%2.9%3.5%4.1%4.6%
Private Equity/Venture Capital - Investor14417.2%12.9%9.6%12.8%12.9%11%
Product/Brand Marketing404.8%4.5%6.6%5.0%5.2%6.1%
Product Management9611.4%8.0%7.2%6.6%4.5%5.4%
Real Estate131.6%3.2%1.8%3.0%3.3%2.6%
Research60.7%1.0%1.2%1.4%0.7%1.4%
Restructuring30.4%n/a0.2%0.4%0.1%0.0%
Risk Management--0.1%n/a0.1%0.1%0.1%
Sales50.6%0.2%0.2%0.6%0.6%0.4%
Sales and Trading--0.4%n/an/an/an/a
SustainabilityEnvironment50.6%0.8%0.2%0.4%n/an/a
Other Function Not Listed--0.2%5.2%4.1%2.6%4.3%

Function numbers may total up to a number higher than the number of students reporting job acceptances because some students had more than one summer internship.

When listed, guaranteed compensation is per month, and does not include discretionary bonuses or other forms of compensation. In accordance with MBA CSEA Standards, compensation is not listed for categories reported by less than 1% of students seeking employment.