Not all degrees are a waste of time: MBA graduates from Harvard, MIT, and Wharton are making over $245,000 just three years after graduating
Fortune
by Preston ForeFebruary 22, 2026
AI-Generated Deep Dive Summary
Recent MBA graduates from elite schools like Harvard, MIT, and Wharton are earning median salaries exceeding $245,000 just three years after graduation, highlighting the strong return on investment for top-tier business programs. While some critics question the value of an MBA, particularly in industries skeptical of traditional education, the data shows that graduates from these institutions secure lucrative careers in high-demand fields such as management consulting, investment banking, and private equity. The median salaries reported by Harvard ($260k), Wharton ($248k), and MIT Sloan ($246k) demonstrate the significant earning potential tied to attendance at elite business schools.
The appeal of these programs lies in their ability to connect students with top-tier employers like McKinsey, Bain, JPMorgan Chase, and Goldman Sachs. MBA programs serve as gateways to influential networks and industries where salaries are exceptionally high due to the high stakes involved—missed opportunities or errors can cost millions. This exclusivity creates a reliable pipeline for successful careers, reinforcing why these schools remain highly competitive.
Despite the debate over whether an MBA is worth pursuing, demand for these programs continues to grow. Applications have increased by 13% in 2024 and another 2% in 2025, according to GMAC. Recent graduates also report strong job outcomes: nearly 90% of Harvard’s class of 2025 received at least one job offer within three months of graduation, with similar success rates across other top business schools. These figures underscore the enduring appeal of MBA programs for those aiming to enter elite industries.
The debate over MBAs’ value remains unresolved,
Verticals
businessfinance
Originally published on Fortune on 2/22/2026