Internship Industry Choices, Class of 2023

INDUSTRY25th% Monthly Salary (US $)Monthly Median (US $)75th% Monthly Salary (US $)3-Year Monthly Median (US $)# with Sign-On BonusMedian Sign-On Bonus (US $)
Consulting$14,500$14,517$14,583 $13,749 31$5,000
Consumer Products$7,083 $8,000$8,450 $7,887 5$5,000
Energy$8,000 $8,125$10,000 $8,000 0
Financial Services$8,666 $12,500$14,583 $11,200 49$5,000
Financial Services: Hedge Funds/Other Investments$8,667 $12,500$15,000 $10,010 1$5,000
Financial Services: Insurance & Diversified Services$10,000 $12,135$13,867 $10,416 12$15,000
Financial Services: Investment Banking/Brokerage$14,583 $14,583$14,583 $12,500 25$3,000
Financial Services: Investment Management$11,500 $12,500$14,583 $11,250 7$3,000
Financial Services: Private Equity/Buyouts/Other$10,000 $12,500$14,733 $10,140 3$3,963
Financial Services: Venture Capital$5,000 $7,650$9,000 $6,500 1$2,000
FinTech$7,500 $8,667$10,000 $7,500 2$3,750
Future Mobilityn/an/an/a$7,750 0
Health Care$8,000 $9,100$9,533 $8,218 3$4,000
Legal & Professional Services$16,640 $17,086$17,500 $16,033 0
Manufacturing$7,900 $9,533$10,400 $8,500 1$2,500
Media, Entertainment & Sports$3,987 $7,850$8,667 $8,000 0
Real Estate$6,933 $8,580$10,000 $7,500 0
Retail$4,000 $6,450$7,384 $6,500 5$10,000
Social Impact$2,500 $5,000$8,000 $4,680 0
Technology$8,667 $9,393$10,000 $8,800 20$6,000
Travel & Hospitalityn/an/an/a$6,2500
INDUSTRYNumber 2022% of Accepted 2022% of Accepted 2021% of Accepted 2020% of Accepted 2019% of Accepted 2018% of Accepted 2017
Consulting16119%16.4%16.4%15.6%16.1%15.6%
Consumer Products131.5%4.0%2.8%4.7%8.8%10.0%
Food, Beverage, & Tobacco70.8%2.5%1.9%1.9%3.1%3.8%
Other / Diversified Products60.7%1.5%0.9%2.6%1.8%1.1%
Energy70.8%1.2%1.3%0.9%1.1%1.0%
Financial Services32638.5%36.3%36%35.9%37.1%35.2%
Hedge Funds/Other Investments151.8%2.8%3.3%2.7%3.6%3.7%
Insurance & Diversified Services202.4%2.2%2.4%1.3%0.5%0.4%
Investment Banking/Brokerage10312.2%11.6%10.8%10.2%11.2%11.6%
Investment Management354.1%4.6%4.6%5.5%4.5%5.7%
Private Equity/Buyouts/Other829.7%8.7%8.0%10.2%11.0%8.3%
Venture Capital718.4%6.4%7.2%6.0%3.8%2.8%
FinTech232.7%2.1%1.5%1.9%n/an/a
Future Mobility60.7%0.1%0.4%1.1%n/an/a
Health Care404.7%6.1%7.4%7.1%4.5%6.7%
Digital Health70.8%1.8%0.6%0.1%n/an/a
Medical Devices & Products10.1%0.2%0.1%1.7%0.1%0.7%
Pharmaceuticals/Biotechnology121.4%1.3%3.1%2.7%2.3%2.4%
Providers / Insurers91.1%1.3%1.9%0.8%0.8%0.5%
Services111.3%1.5%1.8%1.8%1.3%3.1%
Legal & Professional Services111.3%0.7%1.2%1.8%1.7%1.2%
Manufacturing111.3%3.1%2.3%1.7%2.9%3.7%
Aerospace & Defense10.1%0.6%0.4%0.1%n/an/a
Agribusiness20.2%0.7%0.8%0.4%0.2%0.4%
Automotive & Transp. Equip.--0.1%0.4%0.1%0.6%0.5%
Diversified Manufacturing10.1%0.8%0.6%0.7%1.4%1.6%
Mining/Materials/Construction10.1%0.3%0.1%0.1%n/an/a
Transportation30.4%0.6%0.1%0.2%n/an/a
Media, Entertainment, & Sports172.0%2.3%1.3%1.4%3.6%4.1%
Media & Entertainment151.8%1.8%1.1%1.1%1.7%3.1%
Sports30.4%0.5%0.2%0.4%n/an/a
Real Estate141.7%2.8%2.1%3.6%3.5%2.2%
Retail242.8%3.8%5.2%4.6%3.8%5.1%
Social Impact253%3.1%5.3%3.3%4.3%5.3%
Development Finance/Impact Investing91.1%0.5%1.2%0.9%2.0%2.4%
Education30.4%0.2%0.8%0.4%0.8%0.9%
Government/Public Sector40.5%0.51.1%0.5%0.8%0.4%
Non-Profit/Social Enterprise91.1%2.0%1.9%1.5%0.7%1.7%
Technology16419.4%17.4%16.9%16.3%16.2%14.9%
Travel & Hospitality40.5%0.7%0.1%n/an/an/a

Industry 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.