VANDERBILT MS FINANCE
2023
EMPLOYMENT REPORT
F R I E N D S A N D A S S O C I AT ES O F VA N D E R B I LT B U S I N ES S : We are pleased to share the employment outcomes for the Vanderbilt Master of Science in Finance Class of 2023. We are thrilled to report outstanding employment outcomes, with 96% of job-seeking graduates having secured a full-time position within 6 months of graduation, despite a high level of volatility and uncertainty in the economy and financial markets. Stellar employment outcomes despite market challenges: The strong results underline our students' perseverance and resourcefulness and testify to their strong candidacy. From traditional investment banking to real estate finance, consulting, and advisory to investment management, the MSF Class of 2023 brought their financial and analytical expertise to a wide range of sectors. In a job market where businesses themselves struggle with visibility, the Class of 2023 demonstrated versatility and nimbleness in capitalizing on open windows of recruitment. During this process, students exhibited significant resilience and willingness to nurture long-term professional relationships with alumni and employers. What’s more, they consistently showed the courage to reinvent themselves. We believe our students’ capacity to adapt and embrace change will serve them extremely well in finance, an industry with dynamic volatility and innovation. Alumni partnership: We remain appreciative of our MSF alumni partners, who play a crucial role in propelling our students to success. In today’s competitive job market, a focused and easily accessible alumni network is indispensable, and this is precisely what the Vanderbilt MSF community offers. Our alumni consistently interact with both our current students and fellow alumni, actively sharing employment prospects and providing support in various aspects such as mentorship, interview preparation, networking, and beyond. Alumni played a significant part in the 44% of MSF offers for the Class of 2023 that came from Owenrelated sources. Diversified employment avenues: Close to 50% of the Class of 2023 accepted positions in the South and Southwest—including 19% in the Nashville metro area—up from 32% a year ago. We believe the statistics reflect the relative resilience of the regional economy and Vanderbilt’s strong network in the region, as well as the appeal of living in these areas. In terms of job functions, the moderated supply of investment banking and management consulting roles from the peak market of 2022 also channeled students into relevant areas such as corporate finance and financial consulting. Additionally, we continue to see an increase in the number of students securing employment through online job postings (both internal and external to Owen), likely resulting from decreased in-person employer recruiting post-COVID-19. We take great pride in the accomplishments of the Vanderbilt MSF Class of 2023. Their commitment, coupled with proactive involvement with the Career Management Center, led to these outstanding achievements. We are also glad to see these graduates–carrying on the MSF’s collaborative and giving-back culture–already starting to support and mentor the current Class of 2024. It has been an absolute honor to support the MSF program and observe the continued success of our students. Sincerely, Ginny Ling Associate Director & MSF Coaching Lead | Career Management Center Vanderbilt University | Owen Graduate School of Management
86,284
$
is the average base salary for the MSF Class of 2023
96%
of the Class of 2023 accepted an offer within 6 months of graduation
10,000
$
is the median signing bonus received by the Class of 2023
CLASS OF 2023
Full-Time Employment Statistics Salary Data
Class of 2023 Profile
Total Class Average Base Salary* U.S. Citizen/Permanent Resident $ 88,288 Foreign National $ 81,833 Total $ 86,284 Signing Bonus** U.S. Citizen/Permanent Resident $ 8,963 Foreign National $ 7,192 Total $ 8,388
Median
Low
High
$ 86,500 $ 85,000 $ 85,000
$ 60,000 $ 25,000 $ 25,000
$ 110,000 $ 125,000 $ 125,000
$ 10,000 $ 8,000 $ 10,000
$ 2,500 $ 2,500 $ 2,500
$ 20,000 $ 10,000 $ 20,000
*Salary report is based upon usable salary information on 88% of those graduates who accepted a job. **69% of graduates who reported base salary also reported receiving a signing bonus.
Job Function Percent Investment Banking 39% Real Estate Finance 12% Advisory & Valuation 9% Corporate Finance 9% Investment Management 8% Equity Research 6% Sales & Trading 6% Management Consulting 4% Private Equity/Venture Capital 3% Other 4%
Geographic Region South (AL, AR, FL, GA, KY, LA, MS, NC, SC, TN) 43% Northeast (CT, MA, ME, NH, NJ, NY, RI, VT) 18% Midwest (IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, SD, WI) 13% West (AK, CA, HI, ID, MT, NV, OR, UT, WA, WY) 7% Mid-Atlantic (DC, DE, MD, PA, VA, WV) 6% Southwest (AZ, CO, NM, OK, TX) 6% Latin America 3% Asia 2% Europe 2% Nashville Metro 19%
Timing of Offers & Acceptances Offers/Accepted Number By Graduation Seeking Number Percent Job Offers U.S. Citizen/Permanent Resident 51 41 80% Foreign National 19 13 68% Total 70 54 77%
Job Acceptances U.S. Citizen/Permanent Resident Foreign National Total
51 19 70
41 13 54
80% 68% 77%
Offers/Accepted By 6 Months After Graduation Number Percent 50 18 68
98% 95% 97%
49 18 67
96% 95% 96%
Post-Graduation # of Graduates 79 % of Graduates Seeking Employment Received Offer Within 6 Months 97% Accepted Employment Within 6 Months 96% % of Graduates Not Seeking Employment 10% % of Graduates Reporting Information on Employment 99% # of Graduates Not Reporting Information on Employment 1
Source of Accepted Offers School-Facilitated Activities Job Posting/Resume Drop Owen Network (Alumni/Faculty/ Classmate Referral) Conversion of Internship Other School-Supported Activities Total
10% 5% 9% 44%
Graduate-Facilitated Activities Internet Job Posting/Social Media Personal Network (Outside of Owen) Previous Employer Total
27% 24% 5% 56%
20%
Top Metros Nashville New York Charlotte Chicago San Francisco Tampa/St. Petersburg Washington DC/Baltimore Atlanta Denver Miami Minneapolis/St. Paul
13 11 7 7 4 3 3 2 2 2 2
Top Hiring Companies
Class Job-Seeking Profile Permanent Non-Permanent Work Work Authorization Authorization Seeking Employment 51 19 Not Seeking Employment (Joint Degree JD/MSF Students) 8 0 No Recent Information Available 0 1 Total Graduates 59 20
Upon Enrollment Class Size 79 Program Delivery Method On Campus Length of Program in Months 10 Average Years of Work Experience 0.7 Average Age 22 Women 27% Underrepresented Minorities 22% Average GMAT Score 691 Average Undergraduate GPA 3.71
Total Program Graduates 70 8 1 79
Houlihan Lokey BlackArch Partners Jefferies Group LLC Lincoln International Piper Sandler Companies TD Securities Tractor Supply Company
3 2 2 2 2 2 2
This report conforms to the MBA Career Services & Employer Alliance Standards for Reporting Specialty Masters Employment Statistics©.
L I ST O F E M P LOY E R S Abbey Capital Limited* Aeris Partners B. Riley Financial, Inc. Berkeley Research Group, LLC BlackArch Partners* BlackFin Real Estate Investors BlackRock, Inc. Brookfield Properties Canaccord Genuity* Cherry Bekaert LLP* CP Group* Crosstree Capital Partners Deutsche Bank Dimensional Fund Advisors Dowling & Hales, LLC* Farm Credit Administration
Forbes-Partners* GE Aerospace Gibbins Advisors Greystar Real Estate Partners Harris Williams & Co. Heritage Group LLC Hines Interests Limited Partnership HMS Valuation Partners Houlihan Lokey* Hovde Group, LLC* Hyde Park Capital Advisors, LLC J&J Worldwide Services Jefferies Group LLC Johnson & Johnson Family of Companies KMH Financial Services, LLC
KPMG Türkiye* K-Star Asset Management LLC L.E.K. Consulting Leerink Partners * Lifetime Investimentos - BTG Pactual* Lincoln International LLC LO3 Capital NBCUniversal Media, LLC Newflow Partners, LLC Parking Advisors, Inc* Paul Hastings LLP PB Garantum Wealth Management* pH Partners, LLC Piper Sandler Companies Premier Storage Investors, LLC
PricewaterhouseCoopers Raymond James Financial, Inc. Richard Mille Ryan Specialty LLC Silvermark Partners Sinch* Stephens Inc. Stifel Financial Corp.* Susquehanna International Group, LLP TD Securities Tennessee Department of Treasury Tractor Supply Company UBS Financial Services Inc. William Blair & Company
*Indicates an employer that hired at least one candidate on a student visa
The Class of 2023 Works Across the Nation
Northeast 18% Midwest 13%
West 7%
Southwest 6%
Vanderbilt University Owen Graduate School of Management 401 21st Avenue South Nashville, TN 37203-2422
615.322.2534 msfinance@vanderbilt.edu business.vanderbilt.edu/msfinance Hours: 8:30 AM to 5:00 PM CT
Vanderbilt University is committed to principles of equal opportunity and affirmative action. Vanderbilt®, Vanderbilt University® and the Vanderbilt logos are trademarks of The Vanderbilt University. REV. 01/24
Mid-Atlantic 6%
South 43%
Latin America 3% Asia 2% Europe 2%