MBA EMPLOYMENT REPORT CLASSES OF 2017 & 2018

Transcription

1 MBA EMPLOYMENT REPORT CLASSES OF 2017 & 2018

2 WHAT MAKES A GOOD COMPANY? GOOD COMPANY

3 The University of Virginia Darden School of Business is pleased to present employment statistics for the Classes of 2017 and 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. For more information, please contact the CDC at , careerservices@darden.virginia.edu, or visit our website at Sincerely, Jeff McNish Assistant Dean for Career Development

4 RANKINGS No. 1 Education Experience (The Economist) No. 1 Professors (The Princeton Review) No. 1 Career Placement of Top 20 Business Schools (U.S. News & World Report) No. 1 Satisfaction with MBA Education (Forbes) No. 1 Campus Environment (The Princeton Review) No. 2 Most Satisfied Business School Graduates (Forbes)

5 CLASS OF 2017 % students Region Mean Base Salary 14% Mid-Atlantic $123,472 Full-Time 6% Midwest $118,613 Employment Data COMPENSATION BY GEOGRAPHY 25% Northeast $132,682 13% South $128,353 12% Southwest $125,806 21% West $127,244 10% International $96,797 3

6 14 % CLASS PROFILE 334 CLASS SIZE 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. ACCEPTED JOB SOURCE Total School-Facilitated Activities 84% Total Graduate-Facilitated Activities 14% No Response by Graduate 2% 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 information reflects class at time of entry to Darden.

7 COMPENSATION BY INDUSTRY 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 ,645 41,054 Investment Banking ,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 ,358 30,926 Transportation 2 121,515 42,646 TOTAL 100%* $124,684 $31,966 * Percentages have been rounded and may not total 100. Class of 2017: Statistics for full-time positions received during the academic year, reported in U.S. dollar equivalents and based on data provided by the students. Data is complete as of 30 September 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. 5

8 EMPLOYMENT DATA BY INDUSTRIES AVERAGE SALARY $124,684 AVERAGE SIGNING BONUS $31,966 2% 4% 4%2% 5% 5% 6% 14% 24% 34% 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% Based on the Class of 2017 accepted offers. Percentages have been rounded and may not total 100.

9 TIMING OF JOB ACCEPTANCE Accept by Graduation First Acceptance After Graduation and by 3 Months After Graduation Total Accepts TIMING OF JOB OFFERS First Offer by Graduation First Offer After Graduation and by 3 Months After Graduation Total Offers PERCENTAGE PERCENTAGE PERCENTAGE Permanent Work Authorization Non-Permanent Work Authorization Total Graduates Seeking Employment PERCENTAGE PERCENTAGE PERCENTAGE Permanent Work Authorization Non-Permanent Work Authorization Total Graduates Seeking Employment COMPENSATION BY JOB FUNCTION JOB FUNCTION PERCENTAGE AVERAGE BASE SALARY AVERAGE SIGNING BONUS Consulting (includes internal) 35 $140,839 $27,799 Finance ,514 40,780 Corporate Finance 6 109,429 24,091 Investment Banking ,718 50,026 Investment Management 3 123,786 25,000 Other Financial Services 4 101,750 19,167 General Management ,931 29,710 Business Development/Strategic Planning 5 119,632 30,000 Executive Development/Leadership Program ,455 30,917 Other General Management 5 108,167 27,227 Marketing ,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

10 CLASS OF 2017 COMPANY HIRING LIST 3M A.T. Kearney Accenture* Adobe Systems* Altman Vilandrie & Co.* Amazon.com* American Express Co.* Anheuser-Busch InBev* Arpex Capital* Bain & Company* Bank of America Bank of America Merrill Lynch Barclays Bechtel Enterprises Berkana Patrimonio* BlackArch Partners Boston Consulting Group* Boston Scientific Corporation* Brand Foundry Ventures Burger King Corp. Campbell Soup Company Capital One* Capital Square 1031 Cencosud SA* Chevron Chick-fil-A Cigna Citi Institutional Clients Group* Cleveland Clinic Cognizant Technology Solutions Compañia Constructora ESX SAC* Compare.com CREAS Fashion* Credit Suisse* Ctrip* Danaher* DaVita Dell* Deloitte Canada* Deloitte Consulting Deutsche Bank* DuPont E. & J. Gallo Winery Electronic Arts* Eli Lilly and Co.* Ernst & Young* Evercore Partners Everest Group* Exelon Falabella* Fayez Sarofim Federal Bureau of Investigation Fidelity Business Consulting Fortive* General Mills General Motors* Georgia-Pacific* Goldman, Sachs & Co.* Google Grant Thornton LLP* Gruma* Hannon Armstrong Sustainable Infrastructure Capital Harris Williams & Co. Hexagon Energy Hörauf America IBM incode Consulting Intel Corporation Intralox J.P. Morgan Chase & Co. Jefferies LLC* Johnson & Johnson* Johnson & Johnson Medical Devices* L.E.K. Consulting Liberty Mutual M&T Bank MasterCard McKinsey & Company* Mercer Microsoft Corp.* Morgan Stanley Multiverse VR* Natera Nationwide NextEra Energy Nomura* Notarize Orchard Global Asset Management Parthenon EY Partners Group* PayPal* Piper Jaffray Procter & Gamble Prophet PT Bank Mandiri (Persero) Tbk. PwC* PwC Strategy&* Raymond James Financial Red Ventures Rock Springs Capital Rothschild Royal Dutch Shell plc* Samsung Engineering* Samsung Global Strategy Group SC Johnson Siam Commercial Bank* Sirios Capital Management SolAmerica Energy SunTrust Robinson Humphrey Suzano Pulp and Paper Brazil* Tencent* The Bozzuto Group ThingTech Tranlin* Travelers Triangle Insights Group U.S. Secret Service UCSF Medical Center United Technologies Corporation University of Virginia University of Virginia Licensing & Ventures Group Versum Materials VIP.com* Vulcan Value Partners Walmart ecommerce* Wayfair Wells Fargo Securities Zappos.com Zhejiang East Asia Glove Co. ZS Associates* Bold indicates hired 3 or more students l * indicates hired international student

11 CLASS OF 2018 Internship Employment Data 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. Class of 2018: Class of 2018: Statistics for internship positions received during the academic year, reported in U.S. dollar equivalents and based on data provided by the students. Data is complete as of 30 September 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. 9

12 INTERNSHIP COMPENSATION BY JOB FUNCTION CLASS PROFILE JOB FUNCTION PERCENTAGE AVERAGE MONTHLY INCOME 345 CLASS SIZE 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 % 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 information reflects class at time of entry to Darden.

13 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 % EMPLOYMENT DATA BY INDUSTRIES 5% 2% 4% 2% 4% 4% 23% 24% 32% 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% Based on the Class of 2018 accepted internship offers. Percentages have been rounded and may not total

14 CLASS OF 2018 COMPANY HIRING LIST 3M A.T. Kearney* Abbey Road Capital* Accenture Admiral Group* Adobe Systems Airbnb Alcoa* Alexion Pharmaceuticals Allstate Corp. Alvarez & Marsal Amazon.com* American Express Co.* Anheuser-Busch InBev Arconic* Bain & Company* Bank of America Bank of America Merrill Lynch* Barclays* Bayer Benco Dental BlackArch Partners Bloomberg BlueOrange Capital* Boston Consulting Group* Boston Scientific Bridgewater Associates* Broadbranch Advisors Brown Brothers Harriman & Co. Campbell Soup Company Cascadia Capital Cassimir Club/Guesthouses Reservation Services Cavion Celgene CFA Institute* Chick-fil-A Cigna Citi* Clayborne Education Coach Cognizant Corning Inc.* Coulomb Inc.* Credit Suisse* Cultivation Capital Danaher* Darden Foundation DaVita Dcode42 Dell* Deloitte Consulting Deutsche Bank* Dimensional Fund Advisors Dow Chemical Company DuPont E. & J. Gallo Winery Eastdil Secured Eastman Chemical Company* Edens Eli Lilly and Co.* Emerson* Ernst & Young* Ethicon Inc. Evercore Partners* ExxonMobil Federal Reserve Bank of New York Fidelity Business Consulting Fidelity Labs Ford Motor Company Fortive* General Mills General Motors Generation180 Get Nasty Total Athletic Care GlaxoSmithKline* Glynn Capital Management GoldenStone Advisors* Goldman, Sachs & Co.* Goodwin Procter LLP Google* Harris Williams & Co. HBM Holdings HD Supply HelloFresh* Hewlett Packard Enterprise Hilton Worldwide Hogan Lovells UVA incode Consulting Inspiring Capital* Intel J.P. Morgan Chase & Co.* Jefferies LLC* JEZETEK* Johnson & Johnson Johnson Development Juniper Networks Kabbage Inc. LG Household & Health Care* Liberty Mutual LORD Corporation* M&T Bank* Marqeta MasterCard McKinsey & Company* MetLife MicroAire Surgical Instruments LLC* Microsoft Corp.* Mitr Phol Group Moelis & Co. Morgan Stanley Northrop Grumman Nucleus Growth OC&C Strategy Consultants* OLX* Omphalos Partners Parthenon EY PBE Group* PlusTick Partners Procter & Gamble PwC* Raymond James Financial RBC Capital Markets Reckitt Benckiser RecycleAmp RegTechLab Revamp Labs Rothschild Samsung Electronics America Santander Bank Shell Oil Company* Shurtech Brands* Siemens AG* SineWave Ventures Snap Inc.* Strategy Partners Group* SunTrust Robinson Humphrey Target Corporation Taurino Capital* TE Connectivity* Tech Dynamism* Tencent* Tiger Legatus Capital Management Twitter* UBS* University of Virginia Health System University of Virginia Seed Fund and New Ventures UPS Vanguard VIP.com* Virginia Distillery Co.* Virginia Institute of Autism* Visa VMWare* Walmart Walmart ecommerce* Wayfair WEDGE Capital Management WeissBeerger Wells Fargo Securities Yay Lunch ZeeMee Zillow Zoomforth* ZS Associates* Bold indicates hired 3 or more students l * indicates hired international student

15 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 corporate partners. CEO LEVEL U.S. Trust PRINCIPAL LEVEL Danaher MANAGING DIRECTOR LEVEL Fortive WestRock ASSOCIATE LEVEL Accenture Eastman Chemical Johnson & Johnson JPMorgan Chase AFFILIATE LEVEL Bain & 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 CorporateRelations@darden.virginia.edu.

16 Mailing Address Career Development Center University of Virginia Darden School of Business P. O. Box 6550 Charlottesville, Virginia USA Shipping Address 100 Darden Boulevard Charlottesville, Virginia USA Career Development Center Fax Darden School General Information darden.virginia.edu/recruiters-companies Join our LinkedIn group Darden MBA Recruiting Follow us on Twitter