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Where Harvard MBAs Live Work





If you want to work for one of the world’s most elite and prestigious organizations, a Harvard Business School MBA is your ticket to entry.

McKinsey Co. the global consulting company, leads all employers of HBS grads, with 573 MBAs. That’s considerably more than the next major employer of Harvard MBAs, surprisingly IBM, with 361 MBAs from Harvard, according to an analysis of LinkedIn member profiles by Poets Quants. This is an especially rare look at HBS employment because Harvard, unlike most schools, does not report how many of its graduates are hired by the firms that recruit there.

As you’d expect, consulting looms large in the mix of top HBS employers. Four of the top five employers are consulting shops, and many of the MBAs at IBM are in consulting roles. The Boston Consulting Group boasts 343 HBS MBAs, Bain Co. has 307, and Deloitte has 242.

High tech firms are prominent as well. Search giant Google has 228 employees who list a Harvard MBA on their resume, while Microsoft has 185, Hewlett Packard has 114, and Cisco boasts 111.

The finance industry is well represented, with the most Harvard MBAs at Goldman Sachs (213), followed by Morgan Stanley (107), J.P. Morgan (82), and Merrill Lynch (70).

Of course, many MBAs are scattered throughout the financial services landscape at smaller private equity, venture capital and hedge funds all over the world. Those firms given their smaller size don’t show up among the major employers. But a breakdown of Harvard grads by industry demonstrates the school’s strong position in finance: 5,673 MBAs claim it as their industry, more than any other category than “entrepreneurship” where the largest single chunk of HBS MBAs work (7,253).

Source: LinkedIn Member Profiles as of 1/16/14

It may seem surprising that more Harvard MBAs claim they are entrepreneurs than any one industry they identify with. But data by the school shows that the majority of Harvard MBAs tend to do their own thing within 10 years of graduation.

After finance, “operations” claims the largest group of HBS grads, with 4401 MBAs. The top five are rounded out by business development (4351), consulting (4073), and sales (3947). Marketing predictably looms large, with 3,554 alums.

And while you might not expect it, education is a major employer of Harvard MBAs. LinkedIn shows that 2,559 work in the field of learning more than half of the MBAs who work in management consulting.

Source: LinkedIn member profiles as of 1/16/14

Where do Harvard MBAs live? New York City, home to Wall Street and many corporate headquarters, is number one, with 7518 claiming residence in the New York metro area. The greater Boston area is next, with 6,304, followed by the San Francisco Bay Area, with 4,334, proving that you don’t have to go to Stanford or Berkeley to work in California. A Harvard MBA will get you there just fine.

The United Kingdom can claim the largest group of HBS alums outside the U.S. with 2,818, followed by Canada (1821), London (1778) and Brazil (1,775). Australia, Mexico, and India also have pretty hefty concentrations of MBAs from Harvard. So do other big U.S. cities like Washington, D.C. Chicago, and Los Angeles, all centers of power and influence.



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