VANDERBILT MBA
2023
EMPLOYMENT REPORT
TO 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 : I am excited to share the Vanderbilt MBA Class of 2023 full-time employment outcomes and the Class of 2024 internships. This was a year full of milestones, as the MBA Class of 2023 was the first to move into the newly renovated Management Hall. In addition, the class achieved 2 school records for the largest percentage of students to receive a full-time employment offer by graduation (93%) and the highest average starting base salary ($154,052) for a graduating MBA class. A primary reason a student will embark on an MBA degree is to transition a career path to a new industry, job function, or location. Many of our students have made such career transitions this year. Robust recruiting in the consulting industry resulted in 41% of Vanderbilt MBA graduates accepting positions at 17 firms. Financial services, healthcare, and technology were again top industry destinations for the Vanderbilt MBA 2023 graduates. Vanderbilt MBA graduates accepted positions across the United States, from New York to Los Angeles. The top employment destinations were Nashville, New York, Chicago, Dallas-Fort Worth, and Atlanta. Once again, 100% of the first-year MBAs seeking an internship secured a position during the summer of 2023. The top industries for the Class of 2024 were consulting (29%), financial services (26%), and healthcare (13%). We are grateful to have fantastic recruiting partners who continue to value Vanderbilt MBA graduates for their leadership and collaboration. We rely on our engaged and committed alumni who foster these recruiting relationships and participate in life at Owen through career programming, mentorship, and guidance to current students. We look forward to remaining engaged with you all throughout the 2023-2024 academic year. Sincerely,
Emily Anderson Executive Director, Career Management Center Vanderbilt Owen Graduate School of Management
$154,052
is the average starting base salary for the MBA Class of 2023
97
%
of the Class of 2023 received an offer by 3 months postgraduation
128
companies hired members of the Classes of 2023 and 2024
CLASS OF 2023
Full-Time Employment Statistics Salary Data Total Class Average Base Salary* U.S. Citizen/Permanent Resident $ 154,417 Foreign National $ 152,227 Total $ 154,052 Signing Bonus** U.S. Citizen/Permanent Resident $ 34,512 Foreign National $ 34,975 Total $ 34,591
Median
Low
High
$ 169,550 $ 160,000 $ 165,550
$ 50,000 $ 90,000 $ 50,000
$ 192,000 $ 192,000 $192,000
$ 30,000 $ 30,000 $ 30,000
$ 5,000 $ 10,000 $ 5,000
$ 110,200 $ 110,000 $ 110,200
*Salary report is based upon usable salary information for 91% of those graduates who accepted a job. **89% of graduates reporting base salary also reported receiving a signing bonus.
Job Function Percent Average Median Low Consulting 42% $ 173,402 $ 175,000 $ 120,000 Finance/Accounting 19% $ 146,275 $ 155,000 $ 50,000 General Management 10% $ 139,615 $ 140,000 $ 120,000 Human Resources 4% $ 121,760 $ 130,000 $ 90,000 Information Technology 2% Insufficient Data Marketing 14% $ 130,724 $ 130,000 $ 105,000 Operations Management 4% $ 138,750 $ 130,000 $ 115,000 Other 5% $ 130,286 $ 125,000 $ 90,000
High $ 192,000 $ 185,000 $ 180,000 $ 142,800 $ 162,000 $ 180,000 $ 192,000
Job Function: Detail Percent Average Median Low High Consulting Management/Strategy 41% $ 174,318 $ 175,000 $ 120,000 $ 192,000 Internal 1% Insufficient Data Finance/Accounting Corporate Finance 5% $ 123,120 $ 133,000 $ 50,000 $ 160,000 Investment Banking/Cap Markets 9% $ 169,583 $ 175,000 $ 100,000 $ 185,000 Private Equity/Venture Capital 3% $ 108,333 $ 115,000 $ 90,000 $ 120,000 Other 2% $ 143,333 $ 140,000 $ 140,000 $ 150,000 General Management General Services 3% $ 140,000 $ 145,999 $ 120,000 $ 180,000 Leadership Development Program 7% $ 136,625 $ 140,000 $ 125,000 $ 140,000 Marketing Brand Management 3% $ 122,400 $ 120,000 $ 115,000 $ 130,000 Product Management 5% $ 135,360 $ 137,000 $ 105,000 $ 142,800 Other Marketing 6% $ 133,357 $ 130,000 $ 110,000 $ 162,000
Class of 2023 Employment by Industry
Class of 2023 Employment by Job Function
n 41% Consulting
n 4% Other
n 42% Consulting
n 21% Financial Services
n 2% Manufacturing
n 19% Finance/Accounting n 4% Human Resources
n 12% Healthcare
n 1% Energy
n 14% Marketing
n 11% Technology
n 1% Media/
n 10% General
n 6% Consumer Products
Entertainment n 1% Real Estate
Management
n 5% Other n 4% Operations
Management
n 2% Information
Technology
Top Hiring Companies: Number of Graduates Hired Alvarez & Marsal Deloitte Consulting EY PwC Amazon DaVita McKinsey & Company Citigroup, Inc. Boston Consulting Group (BCG) L.E.K. Consulting
10 9 7 7 6 6 6 5 4 4
Source of Accepted Offers School-Facilitated Activities Internship Conversion Job Postings via Owen/Resume Books School Network (Alumni/Faculty/Class Referrals, Class Speakers, Projects) Activities Supported by Career Center (Job Fairs, Treks, Interview Events) Interviews Scheduled via Owen Total
5% 2% 85%
Graduate-Facilitated Activities Personal Network (Family and Friends) Online Job Posting Total
8% 7% 15%
51% 19% 8%
Timing of Offers & Acceptances By 3 Months By Graduation After Graduation May 2023 August 2023
Job Offers U.S. Citizen/ Perm. Resident Foreign National Total
#
%
#
%
118 22 140
93% 92% 93%
124 23 147
98% 96% 97%
Job Acceptances U.S. Citizen/ Perm. Resident Foreign National Total
113 21 134
89% 88% 89%
122 23 145
96% 96% 96%
This report conforms to the MBA Career Services and Employer Alliance standards for reporting MBA employment statistics.
Salary Data Industry Consulting Consumer Products Energy Financial Services Healthcare Manufacturing Media/Entertainment Real Estate Technology Other
Class of 2023 Profile Percent 41% 6% 1% 21% 12% 2% 1% 1% 11% 4%
High $ 192,000 $ 150,000
$ 139,062 $ 138,333
Median Low $ 175,000 $ 120,000 $ 123,500 $ 110,000 Insufficient Data $ 140,000 $ 90,000 $ 137,000 $ 90,000 Insufficient Data Insufficient Data Insufficient Data $ 133,000 $ 115,000 $ 125,000 $ 105,000
Average $ 135,000
Median $ 135,000
Low $ 115,000
High $ 155,000
$ 153,648 $ 161,768 $ 153,857 $ 156,600 $ 144,259 $ 153,865
$ 175,000 $ 175,000 $ 175,000 $ 160,000 $ 133,000 $ 175,000
$ 90,000 $ 115,000 $ 50,000 $ 120,000 $ 115,000 $ 50,000
$192,000 $ 190,000 $ 192,000 $ 192,000 $ 185,000 $ 190,000
Percent 35% 24% 41%
Average $ 153,205 $ 155,603 $ 153,800
Median $ 175,000 $ 175,000 $ 150,000
Low $ 50,000 $ 90,000 $ 100,000
High $ 192,000 $ 192,000 $ 192,000
Professional Experience Percent More than one year, up to three years 11% More than three years, up to five years 37% More than five years 52%
Average $ 168,929 $ 150,131 $ 153,986
Median $ 175,000 $ 152,500 $ 153,500
Low $ 115,000 $ 50,000 $ 90,000
High $ 190,000 $ 192,000 $ 192,000
North American Geographic Region Percent Mid-Atlantic (PA, MD, VA, WV, DE, DC) 3% Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) 15% Northeast (ME, VT, NY, NH, CT, MA, NJ, RI) 21% South (NC, SC, KY, TN, GA, FL, AL, AR, MS, LA) 37% Southwest (CO, AZ, TX, OK, NM) 10% West (CA, HI, WA, OR, AK, MT, ID, UT, NV, WY) 13% Nashville Metro 28% Undergraduate Major Business Technical Other
Average $ 174,718 $ 126,167 $ 145,385 $ 132,800
$ 185,000 $ 140,000
$ 169,100 $ 180,000
Upon Enrollment* Class Size Women International Students Minorities (% of U.S. Citizens) *Based on class as of September 2021.
Post-Graduation # of Graduates # of Graduates Seeking Employment Received Offer Within 90 Days Accepted Employment Within 90 Days # of Graduates Not Seeking Employment % of Gradutes Not Seeking Employment Company Sponsored/Family Business Starting New Business Continuing Education Other Reasons % of Graduates Reporting Information on Employment # of Graduates NOT Reporting Information on Employment
World Regions: Percent of Graduates Hired North America 99% Asia 1%
Northeast 21% Midwest 15%
Southwest 10%
97% 5
Visit our website for useful recruiting tools: n View and order MBA resume books n Post MBA internships or full-time positions n Post executive jobs (a free service)
Continental United States
West 13%
182 151 147 145 26 14% 9% 3% 1% 1%
business.vanderbilt.edu
Geographic Data Top Metro Areas: Number of Graduates Hired Nashville 41 New York 27 Chicago 12 Dallas-Fort Worth 8 Atlanta 7 Los Angeles 6 San Francisco 5
182 37% 25% 16%
Mid-Atlantic 3%
South 37%
Class of 2024 Profile
CLASS OF 2024
Number Total Students 144 Students Not Reporting Data 1 Students Not Seeking an Internship 12 Students Seeking 131 an Internship Students Accepting 131 an Internship
Internship Statistics Internship Salary Data
Mean Monthly Salary $10,444 Median Monthly Salary $10,000 Monthly Salary Range $2,500-$16,500 % of Seeking Students With an Internship Offer 100%
Job Function Business/Data Analytics Consulting Finance/Accounting General Management Human Resources Marketing Operations Other
Percent 8% 31% 30% 6% 4% 10% 7% 4%
Average $ 8,898 $ 12,384 $ 10,473 $ 9,022 $ 9,310 $ 8,082 $ 8,074 $ 13,208
Industry Consulting Consumer Products Financial Services Healthcare/Pharma/Biotechnology Manufacturing Real Estate Retail Technology Other
Percent 29% 10% 26% 13% 5% 1% 3% 10% 3%
Average $ 13,045 $ 7,279 $ 11,049 $ 8,019 $ 8,710
Geographic Region International Mid-Atlantic Midwest Northeast South Southwest West Metro Nashville
Percent 3% 3% 13% 20% 40% 10% 11% 27%
Average
$ 9,000 $ 9,308 $ 10,441
$ 9,974 $ 10,378 $ 12,853 $ 9,384 $ 11,991 $ 9,474 $ 8,700
Monthly Median Low $ 9,724 $ 3,467 $ 14,042 $ 3,600 $ 11,613 $ 2,500 $ 9,280 $ 6,933 $ 9,564 $ 7,280 $ 7,887 $ 4,000 $ 8,300 $ 4,333 $ 13,108 $ 10,114
8% 91% 100%
Source of Internship Offers High $ 14,500 $ 16,000 $ 14,853 $ 11,667 $ 10,833 $ 10,115 $ 10,292 $ 16,500
Median Low $ 14,582 $ 3,600 $ 7,563 $ 3,467 $ 11,667 $ 2,500 $ 8,733 $ 4,000 $ 9,000 $ 6,587 Insufficient Data $ 9,117 $ 6,933 $ 9,654 $ 6,587 $ 10,292 $ 4,680
High $ 16,000 $ 10,000 $ 14,853 $ 9,750 $ 10,292
Median Low Insufficient Data $ 8,496 $ 6,933 $ 9,875 $ 6,933 $ 14,583 $ 3,600 $ 8,493 $ 3,467 $ 13,000 $ 6,587 $ 9,915 $ 2,500 $ 8,567 $ 3,200
High
$ 10,833 $ 10,115 $ 16,500
$ 14,583 $ 15,383 $ 15,600 $ 16,000 $ 16,500 $ 15,383 $ 15,833
“The collaborative mindset and skills that candidates from Vanderbilt bring to the table are critical to success in the consulting role. These skills—combined with their overall business knowledge, creative problem solving, strong drive, and integrity—are a large part of the reason that Vanderbilt MBA graduates continue to shape successful long-term careers within BCG.”
S A R A H B E R H A LT E R Partner at Boston Consulting Group
Percent 100% 1%
School-Facilitated Activities Job Postings via Owen/Resume Books Interviews Scheduled via Owen Activities Supported by the CMC School Network (Alumni/Faculty/Class Referrals, Class Speakers, and Projects) Total Student-Facilitated Activities Personal Network (Family and Friends) Online Job Postings Other Student-Initiated Activities Total
40% 16% 14% 8% 78% 11% 9% 2% 22%
Top Metro Areas: Number of Interns* Nashville New York Atlanta Boston Dallas-Fort Worth Seattle Chicago Los Angeles Charlotte Houston San Francisco
36 19 8 7 7 6 5 5 4 4 4
* Internship location reflects what students reported when they accepted their offers.
Top Hiring Companies: Number of Interns Amazon EY-Parthenon Bain & Company L.E.K. Consulting Mars Petcare Wells Fargo Corporate & Investment Banking Citigroup, Inc. Deloitte Consulting EY Jefferies Group LLC NextGen Growth Partners
8 8 4 4 4 4 3 3 3 3 3
Employers Class of 2023 (full-time) and Class of 2024 (internship) Abbott Accenture Adobe Inc.* Advantage Capital Alvarez & Marsal* Amazon* American Airlines* American Express Amgen Inc.* Amwell Analysis Group Anheuser-Busch InBev Ankura Consulting Group, LLC Artemis Real Estate Partners Asurion Bain & Company* Barclays Barry-Wehmiller Companies Bass, Berry & Sims PLC Bernhard Capital Partners Management LP Biogen Inc.* BofA Securities Inc.* Boston Consulting Group (BCG) Boyle Investment Company Brentwood Capital Advisors Bridgestone Americas, Inc. Cain Brothers & Company, LLC Chewy, Inc.* Cigna Cisco Systems Inc. Citigroup, Inc.* Citizens Capital Markets, Inc. Credit Suisse Daily Crunch Snacks DaVita Deloitte Consulting Diageo North America Inc. Dilts + Partners* Diversified Trust Company Eli Lilly & Company* Emerson* ENGIE North America Inc.* Enhanced Capital* Experian Health, Inc.
EY* EY-Parthenon* Fifth Third Bank Fiserv Freedom Mortgage Corporation* FTI Consulting Genentech* Genuine Parts Company* Gobi Partners Goldman, Sachs & Co. LLC Google LLC* Granada Financial Services GraphiteRx* Groups360 Harris Williams & Co. HCA Healthcare, Inc. HP Inc. Humana Inc.* Infosys Limited Intuit Inc. Jefferies Group LLC* Johnson & Johnson Family of Companies Jones Family of Companies JPMorgan Chase & Co. Kearney* Koch Equity Development Land O'Lakes Lazard Ltd L.E.K. Consulting Levine Leichtman Capital Partners Liberty Mutual Group Lincoln International M&T Bank Mark II Ventures* Mars Petcare Mastercard Inc. Mattel, Inc.* McKesson Corporation McKinsey & Company* Medtronic Merck & Co., Inc. Monroe Carell Jr. Children's Hospital at Vanderbilt MorganFranklin Consulting
MTS Health Partners, LP* Nashville Capital Network NextGen Growth Partners* NTT DATA SERVICES* Oliver Wyman Optum, Inc. Pacific Life PayPal Preverity Procter & Gamble PwC* RBC Capital Markets Reckitt Rockwood Company, LLC Salesforce, Inc. Shore Capital Partners, LLC Silicon Ranch Corporation Simon-Kucher & Partners Simpson Thacher & Bartlett Starbucks Corporation Summit Leadership Partners* TD Securities* Tennessee Department of Treasury The Clear Blue Company Toyota Motor Corporation Tractor Supply Company Truist Securities United Parcel Service (UPS) Universal Music Group Vanderbilt Center for Technology Transfer & Commercialization Vanderbilt University* Visa Inc. VITAS Healthcare Walmart Inc. Watermark Advisors, LLC* Wayfair Wells Fargo Corporate & Investment Banking West Monroe Partners Workday, Inc. Workiva, Inc. Xpanse Inc.*
*Indicates an employer that hired at least one candidate on a student visa.
business.vanderbilt.edu Career Management Center Vanderbilt University Owen Graduate School of Management 401 21st Avenue South Nashville, TN 37203-2422
Hours: 8:00 AM to 5:00 PM CT Telephone: 615.322.4069 Fax: 615.343.4661 Email: owencmc@vanderbilt.edu
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