UVA Darden Full-Time Employment Report 2019-20

Full-Time MBA Employment Report 2019–20

Full-Time MBA Employment Report

The University of Virginia Darden School of Business Career Development Center (CDC) is pleased to present the Full-Time MBA Class of 2019 Employment Report and Class of 2020 Internships Report.

Data associated with the full-time MBA Class of 2019 conforms to the MBA Career Services & Employer Alliance Standards for Reporting MBA Employment Statistics.

Graduation date for the full-time MBA class was 19 May 2019. This report is based upon useable salary information from 99.4% of the graduates who accepted a job by three months after graduation.

If you have questions regarding this report, please contact Jeff McNish, assistant dean of career development, at McNishJ@darden.virginia.edu or +1-434-297-7971.

02

CLASS OF 2019

Meet Darden’s Career-Driven Class of 2019 Full-Time MBA Program Class Profile Work Authorization Categories

Seeking employment

Permanent Work Authorization

Non-Permanent Work Authorization

Total Full-Time MBA Graduates

220

78

298

Company-sponsored; already employed

4

4

8

Continuing education

0

0

0

Postponing job search

1

1

2

Starting a new business

8

2

10

Not seeking for other reasons

0

0

0

Total not seeking employment

13

7

20

No recent information available

2

0

2

Total graduates

235

85

320

Not seeking employment

UVA DARDEN SCHOOL OF BUSINESS

03

CLASS OF 2019

Darden Graduate Talent in High Demand Timing of First Job Offers Total Seeking Employment

First Offer by Graduation

First Offer After Graduation and by Three Months After Graduation

Have Not Reported Receiving an Offer

by Three Months After Graduation NUMBER

NUMBER

PERCENT

NUMBER

PERCENT

PERCENT

Permanent work authorization

220

214

97.3%

3

1.4%

3

1.4%

Nonpermanent work authorization

78

66

84.6%

7

9.0%

5

6.4%

Total graduates seeking employment

298

280

94.0%

10

3.4%

8

2.7%

94%

of the class received a first offer by graduation

97%

of the class received a first offer by three months after graduation

94%

of students with nonpermanent work authorization in the class received a first offer by three months after graduation

99%

of students with permanent work authorization in the class received a first offer by three months after graduation

FULL-TIME MBA EMPLOYMENT REPORT

04

CLASS OF 2019

Darden Students: Motivated for Early Career Choices Timing of Acceptances Total Seeking Employment

Permanent work authorization

220

Nonpermanent work authorization

78

Total graduates seeking employment

298

90%

of the class accepted an offer by graduation

96%

First Offer Accepted

by Graduation

Accepted Job After Graduation and by Three Months After Graduation

Have Not Reported Accepting a Job by Three Months After Graduation

NUMBER

PERCENT

NUMBER

NUMBER

204

92.7%

10

4.5%

6

2.7%

64

82.1%

9

11.5%

5

6.4%

268

89.9%

19

11

3.7%

of the class accepted an offer by three months after graduation

UVA DARDEN SCHOOL OF BUSINESS

94%

of students with nonpermanent work authorization in the class accepted an offer by three months after graduation

PERCENT

6.4%

PERCENT

97%

of students with permanent work authorization in the class accepted an offer by three months after graduation

05

CLASS OF 2019

Darden Talent Earns Record Starting Salaries Starting Salaries # Reporting Base Salary

% Reporting Base Salary1

Mean

Median

Low

High

Permanent work authorization

209

97.7%

$137,349

$140,000

$50,000

$200,000

Nonpermanent work authorization

72

98.6%

$128,835

$130,000

$63,891

$165,000

Total reporting base salary

281

97.9%

$135,168

$135,000

$50,000

$200,000

1. Divides number of students reporting Base Salary by the number of students reporting accepting a position Note: Darden uses the 12Twenty system to ensure consistent and timely currency conversion

Bonuses for Nearly Every Darden Student Signing Bonuses # Reporting Signing Bonus

% Reporting Signing Bonus2

Mean

Median

Low

High

Permanent work authorization

188

90.0%

$33,862

$30,000

$3,000

$100,000

Nonpermanent work authorization

65

90.3%

$32,291

$30,000

$2,662

$80,000

Total reporting base salary

253

90.0%

$33,458

$30,000

$2,662

$100,000

2. Divides number of students reporting useable Signing/Starting Bonus information by the number of students providing base salary information

FULL-TIME MBA EMPLOYMENT REPORT

06

CLASS OF 2019

Individual compensation information is confidential. To protect confidentiality, the CDC only reports compensation information for data points equal to or greater than three.

You’ll Find New Darden Grads Entering Every Industry Compensation by Industry Graduates Accepting New Employment

Graduates Reporting Salary

Mean Base Salary

Median Base Salary

Low Base Salary

High Base Salary

NUMBER

PERCENT

NUMBER

Consulting

102

35.5%

101

$152,881

$160,000

$81,315

$173,000

Consumer packaged goods

8

2.8%

8

$106,125

$109,000

$80,000

$115,000

Energy Financial services

4

1.4%

3

$114,667

$120,000

$104,000

$120,000

70

24.4%

68

$135,278

$145,000

$50,000

$160,000

Government

1

0.3%

1

I /D

I /D

I /D

I /D

Health care (including products and services)

8

2.8%

8

$117,500

$120,000

$110,000

$125,000

Hospitality

6

2.1%

6

$115,833

$115,000

$105,000

$130,000

Manufacturing

12

4.2%

12

$115,269

$116,157

$95,000

$135,000

Media/Entertainment

1

0.3%

1

I /D

I /D

I /D

I /D

Nonprofit

1

0.3%

1

I /D

I /D

I /D

I /D

Real estate

5

1.7%

5

$110,000

$115,000

$95,000

$120,000

Retail

21

7.3%

20

$126,500

$127,500

$115,000

$150,000

Technology

43

15.0%

42

$121,704

$120,000

$70,000

$155,000

Transportation/Logistics services

4

1.4%

4

$116,875

$116,250

$105,000

$130,000

Other

1

0.3%

1

I /D

I /D

I /D

I /D

Total reporting

287

100%

281

$135,168

$135,000

$50,000

$200,000

Industry

I /D: Fewer than three data points

UVA DARDEN SCHOOL OF BUSINESS

07

CLASS OF 2019

Darden New Grad Salaries Are on the Rise Across Functions Compensation by Function Graduates Accepting New Employment

Graduates Reporting Salary

Mean Base Salary

Median Base Salary

Low Base Salary

High Base Salary

NUMBER

PERCENT

NUMBER

Consulting

104

36.2%

103

$151,903

$158,000

$81,315

$173,000

Finance/Accounting

69

24.0%

68

$132,800

$150,000

$50,000

$160,000

General management Human resources

53

18.5%

50

$121,727

$125,000

$95,000

$150,000

1

0.3%

1

I /D

I /D

I /D

I /D

Marketing/Sales

42

14.6%

42

$120,182

$120,000

$76,259

$142,000

Information technology

11

3.8%

11

$121,545

$130,000

$70,000

$140,000

Operations/Logistics

5

1.7%

4

$117,200

$115,400

$108,000

$130,000

Other

2

0.7%

2

I /D

I /D

I /D

I /D

Total reporting

287

100%

281

$135,168

$135,000

$50,000

$200,000

Function

I /D: Fewer than three data points

FULL-TIME MBA EMPLOYMENT REPORT

08

CLASS OF 2019

North America Top Destination to Launch Post-MBA Careers Compensation by World Regions Region

Graduates Accepting New Employment

Graduates Reporting Salary

NUMBER

NUMBER

PERCENT

Mean Base Salary

Median Base Salary

Low Base Salary

High Base Salary

Africa

1

0.3%

0

I /D

I /D

I /D

I /D

Asia

8

2.8%

8

$121,875

$120,000

$70,000

$155,000

Europe

1

0.3%

1

I /D

I /D

I /D

I /D

Latin America/Caribbean

5

1.7%

5

$80,173

$81,315

$63,891

$94,800

North America

271

94.4%

266

$136,616

$135,000

$50,000

$200,000

Oceania

1

0.3%

1

I /D

I /D

I /D

I /D

Total reporting

287

100%

281

$135,168

$135,000

$50,000

$200,000

I /D: Fewer than three data points

UVA DARDEN SCHOOL OF BUSINESS

09

CLASS OF 2019

Transformed in Charlottesville, Ready to Lead Anywhere Compensation by Region: North America North America

Graduates Accepting New Employment

Graduates Reporting Salary

NUMBER

NUMBER

PERCENT

Mean Base Salary

Median Base Salary

Low Base Salary

High Base Salary

United States: Mid-Atlantic

54

18.8%

51

$131,153

$125,000

$50,000

$200,000

Midwest

21

7.3%

21

$129,559

$120,000

$100,000

$165,000

Northeast

89

31.0%

88

$142,645

$150,000

$100,000

$170,000

South

35

12.2%

35

$143,314

$150,000

$100,000

$165,000

Southwest

23

8.0%

23

$143,196

$150,000

$95,500

$173,000

West

49

17.1%

48

$126,417

$130,000

$80,000

$165,000

271

94.4%

266

$136,616

$135,000

$50,000

$200,000

Total North America

Note: No outcomes reported for Bermuda, Canada, Greenland, St. Pierre/Miquelon

FULL-TIME MBA EMPLOYMENT REPORT

10

CLASS OF 2019

94%

of Graduates Took a Job in the United States, With Opportunities Spread Across the Nation

31%

NORTHEAST $150,000

7%

17%

MIDWEST $120,000

WEST $130,000

19%

MID-ATLANTIC $125,000

8%

12%

SOUTHWEST $150,000

SOUTH $150,000

6%

INTERNATIONAL ASIA: $120,000 LATIN AMERICA AND CARIBBEAN: $81,315

% of students region median base salary

UVA DARDEN SCHOOL OF BUSINESS

11

CLASS OF 2019

Darden Students’ Academic Backgrounds Bring Diverse Skills to the Table Compensation by Undergraduate Major Undergraduate Major

Graduates Accepting New Employment

Graduates Reporting Salary

NUMBER

NUMBER

PERCENT

Mean Base Salary

Median Base Salary

Low Base Salary

High Base Salary

Technical

71

24.7%

70

$134,008

$130,000

$63,891

$173,000

Business

144

50.2%

141

$136,159

$142,000

$50,000

$170,000

Other

72

25.1%

70

$134,330

$130,000

$80,000

$200,000

Total reporting

287

100%

281

$135,168

$135,000

$50,000

$200,000

School Plays Key Role in Partnering with Students to Secure Full-Time Careers Primary Sources of Job Acceptances

82.2% School-Facilitated

17.8% Graduate-Facilitated

62%

of students in the class received full-time offers as a result of their summer internships

FULL-TIME MBA EMPLOYMENT REPORT

12

CLASS OF 2019

Darden Plus Career Experience Delivers Grads Ready to Lead Compensation by Professional Experience Professional Experience

Graduates Accepting New Employment

Graduates Reporting Salary

NUMBER

NUMBER

PERCENT

Mean Base Salary

Median Base Salary

Low Base Salary

High Base Salary

One year or less

2

0.7%

1

I /D

I /D

I /D

I /D

More than one year, up to three years

27

9.4%

27

$135,130

$130,000

$95,500

$170,000

More than three years, up to five years

147

51.2%

146

$137,064

$140,000

$62,000

$173,000

More than five years

111

38.7%

107

$133,062

$130,000

$50,000

$200,000

Total reporting

287

100%

281

$135,168

$135,000

$50,000

$200,000

I /D: Fewer than three data points

UVA DARDEN SCHOOL OF BUSINESS

Full-Time MBA Class of 2020 Internship Outcomes

14

CLASS OF 2020

First Years Gain Real-World Experience Across Industries Monthly and Weekly Internship Compensation by Industry Industry

Graduates Accepting New Employment

Graduates Reporting Salary

NUMBER

NUMBER

PERCENT

Mean Base Salary

Mean Weekly Salary

Median Base Salary

Median Weekly Salary

Consulting

85

26.4%

83

$11,582

$2,673

$12,333

$2,846

Consumer packaged goods

17

5.3%

17

$7,118

$1,643

$7,001

$1,616

Energy

5

1.6%

4

$4,378

$1,010

$3,423

$790

Financial services

80

24.8%

73

$10,514

$2,426

$12,500

$2,885

Health care (including products and services)

16

5.0%

13

$6,967

$1,608

$8,060

$1,860

Manufacturing

17

5.3%

16

$7,852

$1,812

$8,500

$1,962

I /D

I /D

I /D

Media/Entertainment

1

0.3%

1

I /D

Nonprofit

8

2.5%

5

$3,353

$774

$2,600

$600

Real estate

4

1.2%

4

$7,813

$1,803

$8,500

$1,962

Retail

6

1.9%

5

$7,276

$1,679

$7,083

$1,635

Technology

76

23.6%

69

$7,677

$1,772

$8,000

$1,846

Transportation/Logistics services

4

1.2%

4

$7,254

$1,674

$6,907

$1,594

Other

3

0.9%

2

I /D

I /D

I /D

I /D

Total reporting

322

100%

296

$9,312

$2,149

$9,208

$2,125

I /D: Fewer than three data points Note: Government and Hospitality Industry values were excluded due to having no data points.

Note: Weekly salary is calculated by multiplying monthly salary by 12 and dividing that amount by 52

UVA DARDEN SCHOOL OF BUSINESS

15

CLASS OF 2020

Prepping for the C-Suite Starts in the First Year Monthly and Weekly Internship Compensation by Function Function

Graduates Accepting New Employment

Graduates Reporting Salary

NUMBER

NUMBER

PERCENT

Mean Base Salary

Mean Weekly Salary

Median Base Salary

Median Weekly Salary

Consulting

85

26.4%

82

$11,919

$2,751

$12,366

$2,854

Finance/Accounting

84

26.1%

76

$10,239

$2,363

$12,500

$2,885

General management

72

22.4%

62

$6,973

$1,609

$8,197

$1,892

Human resources

2

0.6%

2

I /D

I /D

I /D

I /D

Marketing/Sales

50

15.5%

47

$7,266

$1,677

$7,453

$1,720

Information technology

10

3.1%

9

$7,737

$1,785

$7,800

$1,800

Operations/Logistics

16

5.0%

16

$7,347

$1,695

$7,900

$1,823

I /D

I /D

I /D

$2,149

$9,208

$2,125

Other

3

0.9%

2

I /D

Total reporting

322

100%

296

$9,312

I /D: Fewer than three data points Note: Weekly salary is calculated by multiplying monthly salary by 12 and dividing that amount by 52

FULL-TIME MBA EMPLOYMENT REPORT

From Here to Anywhere

100 Darden Blvd, Charlottesville, VA 22903 USA darden.virginia.edu Career Development Center CareerDevelopment@darden.virginia.edu +1-434-924-7283