2022-2023 ALUMNI CAREER MOBILITY SURVEY RESULTS
5- and 10- Year
Post-Graduation Survey
Class of 2012 and Class of 2017 master’s degree graduates
Dear Classes of 2012 and 2017,
This year, we surveyed a sample of the master’s degree alumni from the Class of 2012 and Class of 2017 as participants in the National Alumni Career Mobility (NACM) survey, organized by the Career Leadership Collective. Graduates from across MIT Sloan’s master’s degree programs completed the survey, providing information about their career path, salary, and activities they pursued at MIT Sloan that contributed to their career development.
This survey helps us gather longitudinal insights about alumni career paths and experiences and guides us in pursuing datainformed approaches that support both student and alumni career opportunities and advancement.
We appreciate the commitment of all alumni who completed the survey this year!
Our next survey launches Fall 2023 with the Class of 2013 and the Class of 2018. We look forward to sharing more about Sloanies’ career paths and success.
Susan Sandler Brennan Assistant Dean MIT Sloan Career Development Office
Alumni Career Mobility Survey 2022-2023 | Page 2
ABOUT THE ALUMNI CAREER MOBILITY SURVEY
The Career Leadership Collective conducted research into factors that influence alumni career mobility, and identified six High Impact Career Mobility Practices:
1. Internships or experiential learning
2. Receiving helpful career advice
3. Creating a career plan
4. Networking opportunities with employers
5. Understanding career opportunities
6. Critical thinking skills
MIT Sloan excels in key areas that support career mobility.
High-Impact Practices @ MIT Sloan
MIT Sloan graduates also responded in the affirmative at a higher rate to these statements:
✓ My institution invested in my career
✓ My degree helped prepare me for my career
✓ My degree is worth the tuition I paid
At a higher rate than peer schools, Sloanies said the school helped them:
✓ Network with employers
✓ Understand career opportunities
✓ Plan for their careers
✓ Prepare for their careers
✓ Gain critical thinking skills
Compared with NACM average:
MIT Sloan graduates had a higher positive response rate than other schools when it came to support for the job search and career preparedness. 2X
more Sloanies said the school helped them network with employers and alumni during their program
Over 85%
of students participated in one or more experiential learning activities during their program at MIT Sloan
Internships • Projects • Labs • Centers/Initiatives • Clubs
Career Advice: Top 4 Sources
Career is a community activity at MIT Sloan:
• Up to 87% received advice from the CDO
• Up to 82% received advice from classmates
• Up to 70% received advice from alumni
• Up to 47% received advice from faculty
Alumni Career Mobility Survey 2022-2023 | Page 3
ALUMNI CAREER MOBILITY SURVEY 2022-2023
Career Satisfaction and Growth
90.1% My current position is related to my career goal.
88.9% My position provides opportunities for learning and development.
85.8% The work I do in my current role is meaningful to me.
Geographic Transitions after Graduation
38.6% Of respondents lived in Massachusetts for at least one year after graduation.
61.4% Of respondents have not lived in Massachusetts since graduating.
Alumni Career Mobility Survey 2022-2023 | Page 4 Respondents by Degree Program Total 189 Master of Business Administration 54.1% Leaders for Global Operations 6.9% Master of Finance 4.4% Sloan Fellows MBA 12.6% Executive MBA 18.2% Master of Science in Management Studies 1.3% Master of Business Analytics 0.6% Respondents by Class Year Class of 2017 Class of 2012 31.4% 68.6% Summary of Survey Respondents Survey Response Rate MIT Sloan 16.0%1
1 Peer school average was 8.1%.
ALUMNI EMPLOYMENT, INDUSTRIES, AND FUNCTIONS
Current
Technology Financial Services Healthcare Consulting Government/ Non-Profit Other Retail/CPG Full-Time Employment 95.5% Founder of a Company or Non-Profit 7.7% Self-Employment 3.8% Contractor 1.3% Current Industries 1 Total is greater than 100% as alumni may be engaged in multiple employment activities.
Employment
of Respondents1 Current Functions 16.0% Finance/Accounting 15.4% Other 12.8% General Management 6.4% Marketing/Sales 9.6% Consulting 7.7% Business Development 24.4% Technology 7.7% Operations/Logistics Top Industries Technology Financial Services Healthcare Retail/CPG
Status
35.8% 16.4% 10.1% 8.8% 8.2% 2.5% 18.2%
Functions Technology Finance/Accounting General Management Consulting Alumni Career Mobility Survey 2022-2023 | Page 5
Top
MIT Sloan Class of 2017
Of survey respondents are in top-level or middle-level management roles
5
Economic Mobility
Founded a company or nonprofit. 5.4% Currently own their own business. Entrepreneurship 7.3% 12.8% 42.3% Senior, Executive, and Top-Level Management 37.6% Mid-Level Management First-Level Management Intermediate/ Experienced Up to $299,000 $300,000 and above 38.7% 61.3% Summary Salary Distribution
12.8%
79.8%
Years
Total Income 0% 5% 10% 15% 20% 25% 30% 35% 40% Less than $100,000 $100,000$199,999 $200,000$299,999 $400,000$499,999 $500k+ $300,000$399,999 Job Level Currently earn a
income
the household in which they grew up.
Post-Graduation
higher
than
74.6% Alumni Career Mobility Survey 2022-2023 | Page 6
10 Years Post-Graduation
MIT SLOAN CLASS OF 2012
Job
Entrepreneurship
18.5% Founded a company or nonprofit.
11.1%
Economic Mobility
their
business.
Currently own
own
10.5% 4.2% 57.3% Senior, Executive, and Top-Level Management 31.8% Mid-Level Management First-Level Management Intermediate/ Experienced Up to $299,000 $300,000 and above 48.9% 51.1%
Distribution
Summary Salary
89.3%
Income 0% 5% 10% 15% 20% 25% 30% Less than $100,000 $100,000$199,999 $200,000$299,999 $400,000$499,999 $500k+ $300,000$399,999
Of survey respondents are in top-level or middle-level management roles
Total
Level
grew up.
Currently earn a higher income than the household in which they
73.8% Alumni Career Mobility Survey 2022-2023 | Page 7
CAREER PATHS AFTER GRADUATION
Industries with High Rates of Retention Technology
Technology and Finance consistently rank in the top three industries where new graduates accept offers of employment. Graduates who enter these industries are more likely to be in these industries at the 5- and 10-year point in their careers.
Finance
76% of alumni who accepted a role in the Technology industry after graduation are currently employed in Technology.
Post-Grad Industry: Technology
Primary Path → Technology
76% Technology
17% Finance
7% Retail/CPG
65% of alumni who accepted a role in the Finance industry after graduation are currently employed in Finance.
Post-Grad Industry: Finance
Primary Path → Finance
65% Finance
18% Technology
6% Pharma/Health/Biotech
11% Other
Alumni Career Mobility Survey 2022-2023 | Page 8
CAREER PATHS AFTER GRADUATION
Industries with High Rates of Career Transition
While 20% of respondents remained in Consulting, 80% of graduates that entered Consulting made transitions to other industries by the 5- or 10-year mark after graduation. Similarly, while 33% of respondents who entered Retail/CPG have stayed in the industry, 66% transitioned to other industries.
20% of alumni who accepted a role in the Consulting industry after graduation are currently employed in Consulting. Consulting
20% Consulting
Post-Grad Industry: Consulting
Transitions to → Technology, Finance, Pharma/Health/Biotech.
Retail/CPG
Post-Grad Industry: Retail/CPG
17% Technology
17% Finance
13% Retail/CPG
3% Pharma/Health/Biotech
30% Other
33% of alumni who accepted a role in the Retail/CPG industry after graduation are currently employed in Retail/CPG.
33% Retail/CPG
33% Technology
17% Finance
Transitions to→ Technology, Finance, and Other Industries.
17% Other
Alumni Career Mobility Survey 2022-2023 | Page 9
CAREER PATHS AFTER GRADUATION
Popular Industry Destinations for Career Shifters
Of the Sloanies making a career pivot in the first 5-10 years after MIT Sloan, many find opportunity in these top industries: Technology and Pharma/Health/Biotech.
35% of alumni currently working in the Technology industry made career transitions from other industries.
44% of alumni currently working in the Pharma/Health/Biotech industry joined after working in other industries.
Pharma/Health/ Biotech
Technology
Consulting 15% Finance 9% Other 2% Pharma/Health/Bio 3% Technology 65% Retail/CPG 6%
Industry: Technology Consulting 11% Finance 11% Other 22% Pharma/Health/Bio 56% Current Industry: Pharma/Health/ Biotech Alumni Career Mobility Survey 2022-2023 | Page 10
Current
MAINTAIN CAREER MOMENTUM + CONNECTIONS
Join the Your CDO Alumni Community
Sign Up For MIT Alumni Advisors Hub
Join MIT Alumni Advisors Hub to connect with alumni across the MIT community and support students navigating a job or internship search. Share your insight into industries, interviews, resumes, and networking.
Sign up today!
Visit the Alumni community on Your CDO (cdo.mit.edu/channels/alumni) to learn about one-on-one coaching, career resources, alumni directories, and job postings for MIT Sloan degree-program alumni. Whether you are in a career transition or planning for the future, leverage resources that will keep you moving forward.
Support the MIT Sloan Network
Stay engaged with the MIT Sloan community and connect with the newest Sloanies by:
• Recruiting and posting job opportunities
• Sharing your career story
• Speaking at club events
• Hosting an Action Learning team
• Volunteering as an MIT Sloan Industry Advisor
Learn more: Ways you can support Sloanies
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Alumni Career Mobility Survey 2022-2023 | Page 11
