2020—2021
NACM SURVEY RESULTS
Dear MIT Sloan Class of 2010 and 2015 Survey Participants, Thank you for your participation in MIT Sloan’s inaugural alumni career mobility and career pathways survey! This survey helps us gather insights on alumni career pathways and the career transitions of MIT Sloan graduates, and guides us in pursuing data-informed practices that have a positive influence on our graduates’ career opportunities. We appreciate all who completed surveys this year. We’ll be surveying 2011 and 2016 in the upcoming year and look forward to gathering more information on the career paths of our graduates.
MIT Sloan’s Inaugural Alumni Career Pathways Survey The National Alumni Career Mobility (NACM) survey, organized by the Career Leadership Collective, was sent to a sample of the Class of 2010 and Class of 2015 master’s degree alumni in November 2020; data was gathered through January 2021. We collected 182 complete responses to the survey from across MIT Sloan’s master’s degree programs, a 20% response rate from our sample set.
Survey Respondents by Degree Program
Susan Sandler Brennan Assistant Dean, MIT Sloan Career Development Office 1
Alumni Career Pathways Survey | Page 2
Total
182
MBA
61.5%
LGO
14.3%
MFin
7.7%
SFMBA
6.0%
EMBA
5.5%
MSMS
3.3%
Other1
1.7%
Other includes candidates who earned more than one degree at MIT Sloan.
Career Pathways: Dimensions of Work, Industry, and Function Current Employment Status of Respondents1
1
87.3%
Full-Time Employment
17.6%
Founder: Company or Non-Profit
5.0%
Self-Employed
3.0%
Contract Employment
Top responses.
Current Industries of Respondents2, 3
Current Roles/Functions of Respondents4
24.2% 13.0% 9.9% 9.9% 8.7% 8.1% 3.7% 3.7%
15.0% 13.8% 10.6% 8.1% 6.9% 5.0% 3.1% 3.1% 2.5% 2.5%
Finance & Insurance Information Manufacturing Professional/Scientific/Technical Services Health Care & Social Assistance Management of Companies & Enterprises Educational Services Retail Trade
2
Top responses.
3
Industry fields are defined by the Career Leadership Collective, they do not match MBACSEA industry categories.
4
General Management Finance Consulting Business Development Project Management Operations/Production Logistics & Supply Chain Information Technology Engineering—Web/Software Data & Analytics
Top responses. Alumni Career Pathways Survey | Page 3
Income Insights for Graduates 10 Years Out Current Annual Income of Class of 2010 Respondents1
10 Years Out: Summary Distribution of Income1
$100K299K
1
Alumni Career Pathways Survey | Page 4
54%
46%
$300K+
86% of Class of 2010 respondents provided total annual compensation data.
Featured Highlights Education, Entrepreneurship and Geographic Transitions Went on to Receive Further Education
7%
Entrepreneurial Experience
5%
31.5%
2010 Respondents
of survey respondents have founded a company or non-profit in the last 5 years
2015 Respondents
Geographic Transitions after Graduation 40% of respondents lived in Massachusetts for at least one year after graduation 25% of respondents currently live in Massachusetts
Alumni Career Pathways Survey | Page 5
Industry Transitions After Graduation While some Sloanies accept their first jobs in the industries where they intend to spend their careers, others choose industries that can provide new learning experiences or a fast learning curve to prepare them for the next step in their careers. In this section, we highlight some popular destinations for our new graduates, and the transitions our alumni had made at the 5– and 10-year point.
Top Destinations After Consulting Of the respondents who listed Consulting as their first role post-graduation, 23.3% listed it as their current industry.
23.3% 16.7% 10.0%
Those who switched went to these industries:
3.3% Technology
Alumni Career Pathways Survey | Page 6
Finance
Pharma/ Healthcare/ Biotech
Retail/CPG
Top Destinations After Retail/CPG
62.5%
Of the respondents who listed Retail/CPG as their first role post-graduation, none listed it as their current industry. Those who switched went to these industries:
12.5% Technology
Pharma/ Healthcare/ Biotech
12.5% Finance
Top Destinations after Finance Of the respondents who listed Finance as their first role post-graduation, 56.2% listed it as their current industry.
17.4%
8.7%
Those who switched went to these industries:
4.4% Technology
Consulting
Pharma/ Healthcare/ Biotech
Alumni Career Pathways Survey | Page 7
High-Impact Career Mobility Practices Students who engaged in high-impact career mobility practices during their education experience - including career advising, planning, and engagement with employers - were more likely to develop relevant career skills, attain financial stability, and realize career satisfaction after graduation.
Percent of respondents who engaged in high-impact career mobility practices as students: 2010
2015
Received personalized career advice
85%
85%
Networked with employers
83%
78%
Engaged in career planning
55%
60%
While these scores are well above the other schools surveyed, we want to move the needle even higher. As an alum, we hope you will not only continue to see us as a resource for your career success, but that you will take advantage of opportunities to engage with current students to support their career exploration and development. Your participation can help us make the MIT Sloan career community stronger than ever.
Alumni Career Pathways Survey | Page 8
Engage with Sloanies: Career Community Opportunities Are you an expert in your industry, sought out for career insights and advice? A connector of opportunities? Join the Career Community at MIT Sloan. 1 MIT Sloan Industry Advisor Program Engage with newest Sloanies as an MIT Sloan Industry Advisor. Industry Advisors are alumni experts across 17+ industries who are available to speak with students to help them navigate the next step of their career journey. View profiles of the current Industry Advisors here. For more information, email Shauna LaFauci Barry. 2 Share Your Story Have you landed great opportunities or navigated unexpected career shifts and want to inspire other Sloanies to success? Email MITSloanCareerStories@mit.edu to share your story on Your CDO.
3 Post Jobs for Sloanies Is your company hiring? Share internship and job opportunities with Sloanies by posting a job with us. MIT Sloan’s portfolio of programs offers a range of expertise and experience your company won’t find at other schools.
Alumni Career Pathways Survey | Page 9
Alumni Career Resources on Your CDO (cdo.mit.edu)
As an MIT Sloan master’s degree program graduate, you have lifelong access to career coaching and career resources through the Career Development Office. Visit the Alumni Career Resources community on Your CDO (cdo.mit.edu/channels/alumni) for research resources, career assessments, sample resumes and cover letters, and video workshops on the job search, networking, and interview preparation. Whether you are actively in a career transition or just planning for the future, leverage the resources that will help you keep moving forward.
Career Coaching | Career Management + Research Tools | Networking | Job Board | Executive Search | Return to-Work
THANK YOU, Class of 2010 and Class of 2015!