MBA EMPLOYMENT REPORT CLASSES OF 2017 & 2018 · PDF fileplease contact the . ... Boston...

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CLASSES OF 2017 & 2018 MBA EMPLOYMENT REPORT

Transcript of MBA EMPLOYMENT REPORT CLASSES OF 2017 & 2018 · PDF fileplease contact the . ... Boston...

Page 1: MBA EMPLOYMENT REPORT CLASSES OF 2017 & 2018 · PDF fileplease contact the . ... Boston Consulting Group* Boston Scientific Corporation* Brand Foundry Ventures: ... Boston Scientific

CLASSES OF 2017 & 2018 MBA EMPLOYMENT REPORT

Page 2: MBA EMPLOYMENT REPORT CLASSES OF 2017 & 2018 · PDF fileplease contact the . ... Boston Consulting Group* Boston Scientific Corporation* Brand Foundry Ventures: ... Boston Scientific

WHAT MAKES A GOOD COMPANY? GOOD COMPANY

Page 3: MBA EMPLOYMENT REPORT CLASSES OF 2017 & 2018 · PDF fileplease contact the . ... Boston Consulting Group* Boston Scientific Corporation* Brand Foundry Ventures: ... Boston Scientific

The University of Virginia Darden School of Business is pleased to present employment

statistics for the Classes of 2017 and 2018.

Darden strives to be the first choice that

companies consider for recruiting top talent,

and the Career Development Center (CDC)

is committed to helping you achieve your goals

for hiring MBA students.

This year, the CDC provided personalized

career management support to almost 900

MBA students as they considered internships

and post-graduate career opportunities with

over 200 job-offering companies.

Please let us know how we can meet your

talent needs. We believe that you will discover

that Darden graduates are ready for your

company’s challenges and opportunities.

Sincerely,

Jeff McNish

Assistant Dean for Career Development+1-434-297-7971

WHAT MAKES A GOOD COMPANY? GOOD COMPANY

For more information,

please contact the

CDC at +1-434-924-7283,

email [email protected],

or visit our website at

www.darden.virginia.edu.

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RANKINGS

No. 1 Education Experience(The Economist)

No. 1 Professors(The Princeton Review)

No. 1 Satisfaction with MBA Education(Forbes)

No. 1 Campus Environment(The Princeton Review)

No. 1 Career Placement of Top 20 Business Schools(U.S. News & World Report)

No. 2 Most Satisfied Business School Graduates(Forbes)

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No. 1 Career Placement of Top 20 Business Schools(U.S. News & World Report)

COMPENSATION BY GEOGRAPHY

CLASS OF2017Full-Time Employment Data

Mid-Atlantic$123,47214%

Midwest$118,6136%

Northeast$132,68225%

South$128,35313%

Southwest$125,80612%

West$127,24421%

International$96,79710%

RegionMean Base Salary

%students

3

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POPULARITY OF TECHNOLOGY

CONTINUES TO GROW

Darden students’

interest in technology

continued to grow

this year with

14% of accepted

post-MBA jobs for the

Class of 2017 coming

from the

technology industry.

14%

ACCEPTED JOB SOURCE

Total School-Facilitated Activities

84%

Total Graduate-Facilitated Activities

14%

No Response by Graduate

2%

Class profile information reflects class at time of entry to Darden.

334 CLASS SIZE 38% INTERNATIONAL (born outside U.S.)

37 COUNTRIES REPRESENTED (citizenship)

17% DOMESTIC MINORITIES

35% WOMEN 27 AVERAGE AGE AT ENTRY 706 AVERAGE GMAT 3.5 GPA MEAN

UNDERGRADUATE MAJORS

27% Business

18% Economics

18% Engineering/Science/Math

30% Humanities/Social Science

7% Other

CLASS PROFILE

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INDUSTRY PERCENTAGE AVERAGE BASE SALARY AVERAGE SIGNING BONUS

Consulting 34 $142,241 $28,118

Consumer Packaged Goods 5 107,395 31,250

Energy 2 108,000 21,667

Financial Services 24 122,645 41,054

Investment Banking 15 128,537 49,659

Investment Mgmt/Portfolio Mgmt 2 107,200 N/A

Other Financial Services 7 112,375 18,692

Government 1 N/A N/A

Manufacturing 6 113,185 27,500

Media/Entertainment 1 N/A N/A

Nonprofit/Education 1 N/A N/A

Pharma/Biotech/Healthcare 4 112,321 27,750

Real Estate 1 N/A N/A

Retail 5 103,625 35,833

Technology 14 115,358 30,926

Transportation 2 121,515 42,646

TOTAL 100%* $124,684 $31,966

Class of 2017: Statistics for full-time positions received during the 2016–17 academic year, reported in U.S. dollar equivalents and based on data provided by the students. Data is complete as of 30 September 2017. This report conforms to the MBA Career Services Council Standards for Reporting MBA Employment Statistics.Base Salary: Figures based on reported job acceptances not including bonuses, overtime or any other forms of compensation.

COMPENSATION BY INDUSTRY

* Percentages have been rounded and may not total 100.

5

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Based on the Class of 2017 accepted offers. Percentages have been rounded and may not total 100.

■ Consulting 34%

■ Financial Services 24%

■ Technology 14%

■ Manufacturing 6%

■ Consumer Packaged Goods 5%

■ Retail 5%

■ Healthcare/Pharma/Biotech 4%

■ Other 4% Government 1% Media/Entertainment 1% Nonprofit/Education 1% Real Estate 1%

■ Energy 2%

■ Transportation 2%

34%

24%

14%

5%

5%

4%4%

2%

EMPLOYMENT DATA BY INDUSTRIES$124,684

$31,966

AVERAGE SALARY

AVERAGE SIGNING BONUS

6%

2%

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JOB FUNCTION PERCENTAGE AVERAGE BASE SALARY AVERAGE SIGNING BONUS

Consulting (includes internal) 35 $140,839 $27,799

Finance 28 120,514 40,780

Corporate Finance 6 109,429 24,091

Investment Banking 15 128,718 50,026

Investment Management 3 123,786 25,000

Other Financial Services 4 101,750 19,167

General Management 22 111,931 29,710

Business Development/Strategic Planning 5 119,632 30,000

Executive Development/Leadership Program

12 110,455 30,917

Other General Management 5 108,167 27,227

Marketing 12 110,295 31,845

Operations/Logistics 3 118,152 27,466

Other 1 N/A N/A

TOTAL 100%* $124,684 $31,966

* Percentages have been rounded and may not total 100.

COMPENSATION BY JOB FUNCTION

Accept by

Graduation

First Acceptance After

Graduation and by 3 Months After

Graduation

Total Accepts

PERCENTAGE PERCENTAGE PERCENTAGE

Permanent Work Authorization 87 5 92

Non-Permanent Work Authorization 75 11 87

Total Graduates Seeking Employment

83 7 90

TIMING OF JOB ACCEPTANCE

First Offerby

Graduation

First Offer After

Graduation and by 3 Months After

Graduation

Total Offers

PERCENTAGE PERCENTAGE PERCENTAGE

Permanent Work Authorization 90 4 94

Non-Permanent Work Authorization 82 10 92

Total Graduates Seeking Employment

88 6 93

TIMING OF JOB OFFERS

7

Page 10: MBA EMPLOYMENT REPORT CLASSES OF 2017 & 2018 · PDF fileplease contact the . ... Boston Consulting Group* Boston Scientific Corporation* Brand Foundry Ventures: ... Boston Scientific

CLASS OF 2017 COMPANY HIRING LIST

3MA.T. KearneyAccenture*Adobe Systems*Altman Vilandrie & Co.*Amazon.com*American Express Co.*Anheuser-Busch InBev*Arpex Capital*Bain & Company*Bank of AmericaBank of America Merrill LynchBarclaysBechtel EnterprisesBerkana Patrimonio*BlackArch PartnersBoston Consulting Group*Boston Scientific Corporation*Brand Foundry VenturesBurger King Corp.Campbell Soup CompanyCapital One*Capital Square 1031Cencosud SA*ChevronChick-fil-ACignaCiti Institutional Clients Group*Cleveland ClinicCognizant Technology SolutionsCompañia Constructora ESX SAC*Compare.comCREAS Fashion*Credit Suisse*

Ctrip*Danaher*DaVitaDell*Deloitte Canada*Deloitte ConsultingDeutsche Bank*DuPontE. & J. Gallo WineryElectronic Arts*Eli Lilly and Co.*Ernst & Young*Evercore PartnersEverest Group*ExelonFalabella*Fayez SarofimFederal Bureau of InvestigationFidelity Business ConsultingFortive*General MillsGeneral Motors*Georgia-Pacific*Goldman, Sachs & Co.*GoogleGrant Thornton LLP*Gruma*Hannon Armstrong Sustainable Infrastructure CapitalHarris Williams & Co.Hexagon EnergyHörauf AmericaIBMinCode Consulting

Intel CorporationIntraloxJ.P. Morgan Chase & Co.Jefferies LLC*Johnson & Johnson*Johnson & Johnson Medical Devices*L.E.K. ConsultingLiberty MutualM&T BankMasterCardMcKinsey & Company*MercerMicrosoft Corp.*Morgan StanleyMultiverse VR*Natera NationwideNextEra EnergyNomura*NotarizeOrchard Global Asset ManagementParthenon EYPartners Group*PayPal*Piper JaffrayProcter & GambleProphetPT Bank Mandiri (Persero) Tbk.PwC*PwC Strategy&*Raymond James FinancialRed VenturesRock Springs CapitalRothschild

Royal Dutch Shell plc*Samsung Engineering*Samsung Global Strategy GroupSC JohnsonSiam Commercial Bank*Sirios Capital ManagementSolAmerica EnergySunTrust Robinson HumphreySuzano Pulp and Paper Brazil*Tencent*The Bozzuto GroupThingTechTranlin*TravelersTriangle Insights GroupU.S. Secret ServiceUCSF Medical CenterUnited Technologies CorporationUniversity of VirginiaUniversity of Virginia Licensing & Ventures GroupVersum MaterialsVIP.com*Vulcan Value PartnersWalmart eCommerce*WayfairWells Fargo SecuritiesZappos.comZhejiang East Asia Glove Co.ZS Associates*

Bold indicates hired 3 or more students l * indicates hired international student

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CLASS OF2018Internship Employment Data

Class of 2018: Class of 2018: Statistics for internship positions received during the 2016–17 academic year, reported in U.S. dollar equivalents and based on data provided by the students. Data is complete as of 30 September 2017. This report conforms to the MBA Career Services Council Standards for Reporting MBA Employment Statistics.Average Monthly Income: Figures based on reported internship acceptances not including bonuses, overtime or any other forms of compensation.

COMPENSATION BY INDUSTRY

INDUSTRY PERCENTAGE AVERAGE MONTHLY INCOME

Consulting 23 $10,715

Consumer Packaged Goods 5 $6,389

Energy 1 N/A

Financial Services 32 $9,431

Hedge/Mutual Fund 1 N/A

Investment Banking 18 $10,367

Investment Mgmt/Portfolio Mgmt 3 $10,511

Venture Cap/Private Equity 2 $3,277

Other Financial Services 9 $8,514

Hospitality/Tourism 1 $5,422

Manufacturing 4 $7,426

Nonprofit/Education 2 $2,800

Pharma/Biotech/Healthcare 4 $5,997

Real Estate 1 N/A

Retail 2 $6,063

Technology 24 $6,783

Transportation 1 $6,022

TOTAL 100%* $8,284

* Percentages have been rounded and may not total 100.

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INTERNSHIP COMPENSATION BY JOB FUNCTION

JOB FUNCTION PERCENTAGE AVERAGE MONTHLY INCOME

Consulting (includes internal) 26 $9,760

Entrepreneurship 2 2,037

Finance 29 9,276

Corporate Finance 6 8,021

Investment Banking 16 10,356

Investment Management 3 8,458

Other Financial Services 2 5,087

Private Client Services 1 10,521

General Management 28 7,109

Business Development/ Strategic Planning

6 5,346

Executive Development/ Leadership Program

13 8,494

Operations 2 7,053

Other General Management 7 6,105

Legal Services 1 10,796

Marketing 12 6,493

Real Estate 1 N/A

TOTAL 100%* $8,284

* Percentages have been rounded and may not total 100.

Class profile information reflects class at time of entry to Darden.

345 CLASS SIZE 33% INTERNATIONAL (born outside U.S.)

37 COUNTRIES REPRESENTED (citizenship)

20% DOMESTIC MINORITIES

39% WOMEN 27 AVERAGE AGE AT ENTRY 712 AVERAGE GMAT 3.5 GPA MEAN

UNDERGRADUATE MAJORS

30% Business

19% Economics

26% Engineering/Science/Math

24% Humanities/Social Science

1% Other

CLASS PROFILE

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Based on the Class of 2018 accepted internship offers. Percentages have been rounded and may not total 100.

■ Financial Services 32%

■ Technology 24%

■ Consulting 23%

■ Consumer Packaged Goods 5%

■ Manufacturing 4%

■ Healthcare/Pharma/Biotech 4%

■ Other 4% Energy 1% Hospitality/Tourism 1% Real Estate 1% Transportation 1%

■ Nonprofit/Education 2%

■ Retail 2%

32%

24%

23%

5%

2%

4%4%

4%2%

EMPLOYMENT DATA BY INDUSTRIES

SUMMER INTERNSHIPS CAN LEAD TO FULL-TIME OPPORTUNITIES

52% of the accepted offers reported by the Class of 2017 were secured through summer internships.

52%

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Page 14: MBA EMPLOYMENT REPORT CLASSES OF 2017 & 2018 · PDF fileplease contact the . ... Boston Consulting Group* Boston Scientific Corporation* Brand Foundry Ventures: ... Boston Scientific

CLASS OF 2018 COMPANY HIRING LIST

3MA.T. Kearney*Abbey Road Capital*AccentureAdmiral Group*Adobe SystemsAirbnbAlcoa*Alexion PharmaceuticalsAllstate Corp.Alvarez & MarsalAmazon.com*American Express Co.*Anheuser-Busch InBevArconic*Bain & Company*Bank of AmericaBank of America Merrill Lynch*Barclays*BayerBenco DentalBlackArch PartnersBloombergBlueOrange Capital*Boston Consulting Group*Boston ScientificBridgewater Associates*Broadbranch AdvisorsBrown Brothers Harriman & Co.Campbell Soup CompanyCascadia CapitalCassimir Club/Guesthouses Reservation ServicesCavionCelgeneCFA Institute*Chick-fil-ACignaCiti*

Clayborne EducationCoachCognizantCorning Inc.*Coulomb Inc.*Credit Suisse*Cultivation CapitalDanaher*Darden FoundationDaVitaDcode42Dell*Deloitte ConsultingDeutsche Bank*Dimensional Fund AdvisorsDow Chemical CompanyDuPontE. & J. Gallo WineryEastdil SecuredEastman Chemical Company*EdensEli Lilly and Co.*Emerson*Ernst & Young*Ethicon Inc.Evercore Partners*ExxonMobilFederal Reserve Bank of New YorkFidelity Business ConsultingFidelity LabsFord Motor CompanyFortive*General MillsGeneral MotorsGeneration180Get Nasty Total Athletic CareGlaxoSmithKline*Glynn Capital ManagementGoldenStone Advisors*

Goldman, Sachs & Co.*Goodwin Procter LLPGoogle*Harris Williams & Co.HBM HoldingsHD SupplyHelloFresh*Hewlett Packard EnterpriseHilton WorldwideHogan LovellsiLab @ UVAinCode ConsultingInspiring Capital*IntelJ.P. Morgan Chase & Co.*Jefferies LLC*JEZETEK*Johnson & JohnsonJohnson DevelopmentJuniper NetworksKabbage Inc.LG Household & Health Care*Liberty MutualLORD Corporation*M&T Bank*MarqetaMasterCardMcKinsey & Company*MetLifeMicroAire Surgical Instruments LLC*Microsoft Corp.*Mitr Phol GroupMoelis & Co.Morgan StanleyNorthrop GrummanNucleus GrowthOC&C Strategy Consultants*OLX*Omphalos PartnersParthenon EYPBE Group*PlusTick PartnersProcter & GamblePwC*Raymond James Financial

RBC Capital MarketsReckitt BenckiserRecycleAmpRegTechLabRevamp LabsRothschild Samsung Electronics AmericaSantander BankShell Oil Company*Shurtech Brands*Siemens AG*SineWave VenturesSnap Inc.*Strategy Partners Group*SunTrust Robinson HumphreyTarget CorporationTaurino Capital*TE Connectivity*Tech Dynamism*Tencent*Tiger Legatus Capital ManagementTwitter*UBS*University of Virginia Health SystemUniversity of Virginia Seed Fund and New VenturesUPSVanguardVIP.com*Virginia Distillery Co.*Virginia Institute of Autism*VisaVMWare*WalmartWalmart eCommerce*WayfairWEDGE Capital ManagementWeissBeergerWells Fargo SecuritiesYay LunchZeeMeeZillowZoomforth*ZS Associates*

Bold indicates hired 3 or more students l * indicates hired international student

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CORPORATE PARTNERS PROGRAM

Darden’s corporate partners are committed to the success and future of

the School and its students. Corporate relationships enhance the Darden

community through regular interaction between corporate representatives,

faculty and students.

Participation in the program presents corporations with a wide range of

benefits to maximize a strategic partnership, including access to research

and thought leadership, faculty and senior staff, special events, recruiting

benefits and brand awareness opportunities.

A special thank you to our 2017-18 corporate partners.

CEO LEVELU.S. Trust

PRINCIPAL LEVELDanaher

MANAGING DIRECTOR LEVELFortive

WestRock

ASSOCIATE LEVELAccenture

Eastman Chemical

Johnson & Johnson

JPMorgan Chase

AFFILIATE LEVELBain & Company

Barclays

Campbell Soup Company

Chevron

Cigna

Deloitte

Deutsche Bank

Goldman Sachs

Harris Williams

Houlihan Lokey

inCode Consulting

Jefferies

Morgan Stanley

Piper Jaffray

PwC

Wells Fargo

To learn more about the Corporate Partners Program,

contact [email protected].

Page 16: MBA EMPLOYMENT REPORT CLASSES OF 2017 & 2018 · PDF fileplease contact the . ... Boston Consulting Group* Boston Scientific Corporation* Brand Foundry Ventures: ... Boston Scientific

Mailing Address

Career Development CenterUniversity of Virginia Darden School of BusinessP. O. Box 6550Charlottesville, Virginia 22906-6550USA

Shipping Address

100 Darden BoulevardCharlottesville, Virginia 22903-1760USA

Career Development Center +1-434-924-7283Fax +1-434-924-7363

Darden School General Information +1-434-924-3900

[email protected]/recruiters-companiesJoin our LinkedIn group Darden MBA RecruitingFollow us on Twitter https://twitter.com/DardenMBA