CLASSES OF 2017 & 2018 MBA EMPLOYMENT REPORT
WHAT MAKES A GOOD COMPANY? GOOD COMPANY
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.
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)
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
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
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
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%
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
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
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.
9
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
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%
11
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
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].
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
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