![]() Some do not report overall median pay for each class some do not report ranges of salaries. Intern pay data is always a bit spotty even among top-25 schools, most have always had gaps in reported numbers. But then came coronavirus, and in 2020 only five schools eclipsed $9,000. ![]() ![]() B-school cracked the $9,000 threshold for median monthly MBA intern salary (NYU Stern School of Business), we see a jump in 2019 when there were seven, and two others that were only $23 short. The biggest intern pay drop-off occurred at the University of Pennsylvania’s Wharton School, which saw a 11.5% decrease to $9,200 only UC-Berkeley’s Haas School of Business, with a 5.4% increase to $7,586, avoided the slump. Overall in the top 10, among the six schools that reported sufficient data, intern pay was down 5.6%.Īcross the top 25, while 13 schools saw increases in intern pay, many were very small. schools experiencing slight or slightly-more-than-slight downturns. Declines ranged from low single digits to double digits, but seemed concentrated at the top of the ranking, with nine of the top 10 U.S. B-schools, as well as at London Business School and INSEAD. Overall last year, median monthly intern pay declined at 11 U.S. THE SCHOOLS WITH THE HIGHEST INTERN PAY GROWTH IN 2020: USC MARSHALL & WASHINGTON FOSTER Unless you spent 2020 under a rock - and who could blame you? - you know the cause: coronavirus, and the fact that so many internships were remote, or truncated, or cobbled together through the Herculean efforts of schools and well-connected and concerned alumni. Several others saw only nominal increases. That’s because nearly half the schools in the Poets&Quants top 25 saw declines in the monthly rates of pay for MBA interns in 2020 compared to the previous year. We also hope that some of you from certain business schools make 2019 - and not 2020 - wages. How’s your summer going so far? As your internships get underway, we hope you have signed up for rich and fulfilling experiences full of career promise, and that they are live and in-person - or at least less remote than your colleagues experienced last summer.
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