2020 MBA Employment Report

VANDERBILT MBA

2020

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 pleased to present the Vanderbilt MBA Employment Report of the graduating Class of 2020 and the internship Class of 2021. Despite the impacts of COVID-19, the outcomes were very strong. By the end of our reporting period, 3 months post-graduation, 96 percent of the employment-seeking graduates had secured a full-time offer, with 90 percent accepting an offer. The average base salary for the Class of 2020 is $126,137, a 6 percent increase from the Class of 2019’s average base salary.

The graduating class accepted employment with 87 unique companies in a variety of industries and job functions across the United States. For the 9th year in a row, 100% of internship-seeking first-year MBA students received and accepted an offer for a summer internship.

Even though our employment outcomes were strong, the spring and summer did bring challenges for both our graduates and first-year MBAs, as well as our employer partners, in dealing with the impact of the global pandemic.

An overwhelming majority of our employers honored their full-time and internship offers. However, due to health and safety concerns, some full-time employment start dates were delayed to the fall, while many graduates began their new employment virtually over the summer. Likewise, most summer internships transitioned to virtual projects and were shorter in duration than the normal 10-12 week summer internships.

We are extremely grateful to our employer partners for their concern, care, and flexibility during this unprecedented time. We are also so thankful to have alumni that continue to provide mentorship and guidance to current students.

Many alums participated in programming during the spring and fall to offer guidance and advice in managing through a period of economic uncertainty.

As we begin the new academic year, we continue to feel the impact of the pandemic. While we still have a robust calendar of employer engagement, the events continue to be virtual for the time being. As we have adapted to the current reality, the CMC team is committed to connecting our talented students to potential employers, and we look forward to when we are able to host in-person events on the Vanderbilt campus again.

Sincerely,

Emily Anderson Senior Director, Career Management Center Vanderbilt Owen Graduate School of Management

$126,137

is the average starting base salary for the MBA Class of 2020

96

%

of the Class of 2020 received an offer at 3 months postgraduation

144

companies hired members of the Classes of 2020 and 2021

CLASS OF 2021 Internship Statistics Internship Salary Data Mean Monthly Salary Median Monthly Salary Monthly Salary Range

$7,758 $8,333 $500-$13,700

Internships that were Paid 98 % Percent of Seeking Students with an Accepted Internship Offer 100 %

Job Function Percent Average Consulting 21% $ 9,497 Finance/Accounting 26% $ 8,182 General Management 12% $ 6,804 Human Resources 5 % $ 7,147 Information Technology 1% Marketing 19% $ 7,023 Operations 10% $ 6,543 Other 6 % $ 5,783

Monthly Median Low $ 11,000 $ 500 $ 8,442 $ 2,500 $ 7,612 $ 2,080 $ 6,577 $ 3,750 Insufficient Data $ 7,973 $ 1,000 $ 5,920 $ 3,500 $ 4,333 $ 4,000

Industry Consulting Consumer Products Energy Financial Services Healthcare/Biotechnology Manufacturing Media/Entertainment Nonprofit Real Estate Retail Technology Other

Median Low High $ 12,500 $ 10,292 $ 13,700 $ 6,500 $ 1,000 $ 9,333 $ 8,563 $ 5,200 $ 8,667 $ 7,180 $ 2,500 $ 12,500 $ 8,000 $ 2,773 $ 11,840 $ 8,500 $ 7,687 $ 8,500 $ 1,000 $ 500 $ 3,467 Insufficient Data $ 4,333 $ 4,333 $ 6,933 $ 7,000 $ 3,500 $ 7,583 $ 8,750 $ 5,980 $ 10,200 Insufficient Data

Percent Average 13% $ 12,251 7 % $ 5,749 2 % $ 7,477 26% $ 7,532 21% $ 7,099 2 % $ 8,229 2 % $ 1,656 3% 4 % $ 5,165 3 % $ 6,271 15% $ 8,442 2%

Geographic Region* Percent Average International 0% Mid-Atlantic 5 % $ 7,451 Midwest 10% $ 8,376 Northeast 24% $ 8,459 South 42% $ 7,157 Southwest 7 % $ 7,877 West 12% $ 8,147 Greater Nashville 23% $ 4,849

$ $ $ $

High 13,700 12,500 11,840 10,416

$ 9,208 $ 9,707 $ 8,667

Median Low High Insufficient Data $ 7,499 $ 2,500 $ 12,500 $ 8,333 $ 4,000 $ 11,840 $ 8,583 $ 3,467 $ 13,325 $ 6,933 $ 1,000 $ 13,700 $ 7,692 $ 5,200 $ 12,500 $ 8,667 $ 3,750 $ 10,200 $ 4,333 $ 1,000 $ 9,208

* Internship location reflects what students reported when they accepted their offers; however, due to COVID-19, the majority of the 2020 summer internships were completed virtually.

“Vanderbilt MBA graduates have made a significant impact as leaders in Amazon customer fulfillment operations. The blend of analytical skillsets, technical knowledge, and ability to engage with people has created many success stories from these graduates.�

CHRIS BATEMAN Director of Air Hub Operations at Amazon Air

Class of 2021 Profile

Number Percent Total Students 148 Students Not Reporting Data 0 Students Not Seeking an Internship 11 Students Seeking an Internship 137 Students Accepting an Internship 137

100% 0% 7% 93%

100%

Source of Internship Offers School-Facilitated Activities Interviews Scheduled via Owen Job Postings via Owen/Resume Books Activities Supported by the CMC School Network/Resources Other School-Initiated Sources Total

31% 22% 19% 10% 3% 85%

Student-Facilitated Activities Personal Network (Family and Friends) Online Job Postings Other Student-Initiated Activities Total

6% 5% 4% 15%

Top Metro Areas: Number of Interns* Nashville 31 New York 19 Atlanta 14 Philadelphia 9 Minneapolis 7 Seattle 7 Boston 6 Houston 5 Fayetteville, AR 4 San Francisco 4 Charlotte 3 Miami 3 * Internship location reflects what students reported when they accepted their offers; however, due to COVID-19, the majority of the 2020 summer internships were completed virtually.

Top Hiring Companies: Number of Interns Freedom Mortgage 9 Amazon 7 Optum 5 Deloitte 4 PricewaterhouseCoopers (PwC) 4 Walmart 4 Ernst & Young (EY) 3 Goldman Sachs 3 Mars Petcare 3 Wells Fargo 3

CLASS OF 2020

Full-Time Employment Statistics Salary Data Total Class

Average Median Low Base Salary* U.S. Citizen/Permanent Resident $ 125,358 $ 125,000 $ 63,000 Foreign National $ 132,000 $ 130,000 $ 100,000 Total $ 126,137 $ 125,000 $ 63,000 Signing Bonus** U.S. Citizen/Permanent Resident $ 26,075 $ 25,000 $ 5,000 Foreign National $ 32,667 $ 25,000 $ 5,000 Total $ 26,991 $ 25,000 $ 5,000

High

Freedom Mortgage 10 Amazon 9 Ernst & Young (EY) 7 Deloitte 5 AT&T 4 Infosys 4 PricewaterhouseCoopers (PwC) 4

$ 170,000 $ 160,000 $ 170,000 $ 60,000 $ 110,000 $ 110,000

*Salary report is based upon usable salary information for 90% of those graduates who accepted a job. **84% of graduates reporting base salary also reported receiving a signing bonus.

Job Function Percent Average Median Low High Consulting 23% $ 143,387 $ 150,000 $ 110,000 $ 170,000 Finance/Accounting 32% $ 122,070 $ 120,000 $ 63,000 $ 150,000 General Management 13% $ 120,667 $ 120,000 $ 65,000 $ 145,000 Human Resources 5 % $ 112,500 $ 115,000 $ 95,000 $ 125,000 Information Technology 2 % $ 103,250 $ 100,000 $ 83,000 $ 130,000 Marketing 9 % $ 112,636 $ 110,000 $ 85,000 $ 140,000 Operations Management 13% $ 131,500 $ 130,000 $ 113,000 $ 155,000 Other 3% Insufficient Data

Job Function: Detail Percent Average Median Low High Consulting Management/Strategy 19% $ 145,000 $ 150,000 $ 110,000 $ 170,000 Internal 4 % $ 132,500 $ 125,000 $ 120,000 $ 160,000 Finance/Accounting Corporate Finance 15% $ 105,175 $ 105,000 $ 63,000 $ 130,000 Investment Banking/Cap. Markets 10% $ 145,769 $ 150,000 $ 120,000 $ 150,000 Investments/Private Wealth 2 % $ 141,667 $ 150,000 $ 125,000 $ 150,000 Other 5 % $ 117,929 $ 118,000 $ 100,000 $ 140,000 General Management General Services 3 % $ 127,400 $ 120,000 $ 114,000 $ 145,000 Leadership Development Program 10% $ 118,929 $ 120,000 $ 65,000 $ 140,000 Human Resources 5 % $ 112,500 $ 115,000 $ 95,000 $ 125,000 Information Technology 2% Insufficient Data Marketing Brand/Product Management 7 % $ 113,625 $ 112,500 $ 85,000 $ 140,000 Other 2 % $ 110,000 $ 100,000 $ 100,000 $ 130,000 Operations Management 13% $ 131,500 $ 130,000 $ 113,000 $ 155,000 Other 3% Insufficient Data

Class of 2020 Employment by Job Function

Top Hiring Companies: Number of Graduates Hired

Class of 2020 Employment by Industry

Source of Accepted Offers School-Facilitated Activities Internship (Originally Through School-Facilitated Activity) 44% Job Postings via Owen/Resume Books 17% Interviews Scheduled via Owen 11% Activities Supported by Career Center (Job Fairs, Treks, Interview Events) 6% School Network (Alumni/Faculty/Class Referrals, Class Speakers, and Projects) 5% Total 83% Graduate-Facilitated Activities Personal Network (Family and Friends) Internship (Originally Through Graduate-Facilitated Activity) Online Job Posting Other Student-Initiated Activities Total

10% 3% 3% 1% 17%

Timing of Offers & Acceptances

By Three Months

By Graduation After Graduation May 2020 August 2020

Job Offers U.S. Citizen/ Perm. Resident Foreign National Total

123 12 135

87% 136 96% 75% 15 94% 86% 151 96%

Job Acceptances U.S. Citizen/ Perm. Resident Foreign National Total

105 12 117

74% 127 90% 75% 15 94% 75% 142 90%

# %

# %

This report conforms to the MBA Career Services and Employer Alliance standards for reporting MBA employment statistics. n 32% Finance/Accounting

n 9% Marketing

n 27% Financial Services

n 4% Real Estate

n 23% Consulting

n 5% Human Resources

n 21% Technology

n 3% Other

n 13% General Mgmt.

n 3% Other

n 20% Consulting

n 1% Energy

n 13% Operations Mgmt.

n 2% Information

n 16% Healthcare

n 1% Manufacturing

n 6% Consumer Products

n 1% Retail

Technology

Salary Data Industry Consulting Consumer Products Energy Financial Services Healthcare Manufacturing Real Estate Retail Technology Other

Class of 2020 Profile Percent Average Median Low High 20% $ 145,172 $ 150,000 $ 110,000 $ 170,000 6 % $ 111,000 $ 111,000 $ 100,000 $ 120,000 1% Insufficient Data 27% $ 131,788 $ 130,000 $ 83,500 $ 150,000 16% $ 112,696 $ 120,000 $ 63,000 $ 140,000 1% Insufficient Data 4% Insufficient Data 1% Insufficient Data 21% $ 120,313 $ 122,000 $ 83,000 $ 160,000 3 % $ 109,000 $ 113,000 $ 85,000 $ 125,000

North American Geographic Region Percent Average Median Low Mid-Atlantic (PA, MD, VA, WV, DE, DC) 5 % $ 119,286 $ 123,000 $ 65,000 Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) 10% $ 126,786 $ 120,000 $ 100,000 Northeast (ME, VT, NY, NH, CT, MA, NJ, RI) 15% $ 130,500 $ 125,000 $ 100,000 South (NC, SC, KY, TN, GA, FL, AL, AR, MS, LA) 40% $ 125,541 $ 125,000 $ 63,000 Southwest (CO, AZ, TX, OK, NM) 13% $ 120,250 $ 113,000 $ 88,000 West (CA, HI, WA, OR, AK, MT, ID, UT, NV, WY) 16% $ 129,975 $ 130,000 $ 109,000 Greater Nashville 29% $ 123,234 $ 125,000 $ 83,000 Undergraduate Major Business Technical Other

Percent 39% 22% 39%

Professional Experience Percent One Year or Less 3 % More than One Year, up to Three Years 18% More than Three Years, up to Five Years 44% More than Five Years 35%

Average $ 124,651 $ 133,607 $ 123,352

Median $ 120,000 $ 140,000 $ 120,000

Low $ 63,000 $ 88,000 $ 65,000

Average Median Low $ 118,333 $ 120,000 $ 85,000 $ 127,174 $ 125,000 $ 83,000 $ 125,170 $ 125,000 $ 63,000 $ 127,304 $ 125,000 $ 70,000

Upon Enrollment* Class Size 179 Women 30% International Students 16% Minorities (% of U.S. Citizens) 15% *Based on class as of July 2018

Post-Graduation # of Graduates # of Graduates Seeking Employment Received Offer Within 90 Days Accepted Employment Within 90 Days # of Graduates Not Seeking Employment % of Graduates Not Seeking Employment Company Sponsored/Family Business Continuing Education Starting New Business % of Graduates Reporting Information on Employment # of Graduates NOT Reporting Information on Employment

High $ 150,000 $ 155,000 $ 155,000 $ 170,000 $ 165,000

High $ 165,000 $ 165,000 $ 170,000

World Regions: Percent of Graduates Hired North America 99% Asia 1%

High $ 150,000 $ 165,000 $ 170,000 $ 160,000

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)

Northeast 15% Midwest 10%

Southwest 13%

5

business.vanderbilt.edu

United States

West 16%

97%

$160,000 $160,000

Geographic Data Top Metro Areas: Number of Graduates Hired Nashville 41 New York 18 Seattle 13 Atlanta 8 Chicago 8 Dallas-Fort Worth 8

177 157 96% 90% 15 8% 6% 1% 1%

Mid-Atlantic 5%

South 40%

Employers Class of 2020 (full-time) and Class of 2021 (internship) 3M Abbott* Adobe* Aether Capital Investments Allscripts Healthcare Solutions Allstate Alvarez & Marsal Amazon* American Airlines* Amgen* AMSURG Anne Arundel Medical Center Apple Archwell Holdings ARCO/Murray Asurion AT&T AvalonBay Communities Bain & Company Bank of America Merril Lynch Bayer BlackArch Partners Boston Consulting Group (BCG) Brookfield Properties The Bulleit Group Cain Brothers CareBridge Carter-Haston Ceres Terminals Chewy Cigna Citi* Courage Capital Management Daily Crunch Snacks Danaher DaVita Deloitte*

Deutsche Bank* Dimensional Fund Advisors Discover Financial Services Dollar General Duff & Phelps DXC Technology E&J Gallo Winery Edward Jones Elastic Eli Lilly and Company* Elmington Capital Group Emerson Ernst & Young (EY)* The Estée Lauder Companies Experian Health ExxonMobil EY-Parthenon Fidelity Investments Foundation Medicine Freedom Mortgage* FritoLay Genentech* Genlith GitLab Givful GlaxoSmithKline Goldman Sachs Google Greenleaf Succession Capital Hain Celestial Harris Williams HP Hines Honeywell Houlihan Lokey Humana Inc. Information Services Group (ISG)

Infosys Insight Sourcing Group Integrated Oncology Network Intuitive Surgical* Jefferies Group* Jones Lang LaSalle (JLL) JPMorgan Chase & Co. Kemper Kimberly-Clark KPMG LFM Capital Liberty Mutual Lipman Brothers Logicalis* LUCI M&T Bank Marketwash Mars Petcare* Marsh & McLennan Companies Mattel* McKesson Medtronic Microsoft Monroe Carell Jr. Children's Hospital at Vanderbilt* MTS Health Partners My Life Legacy Nashville Capital Network National Football League (NFL) NextEra Energy Resources Niche Biomedical* Northcreek Mezzanine Optum Optuminsight Owen Center for Entrepreneurship Palo Alto Networks Pfizer

Philips Pin Oak Corpus Christi* PricewaterhouseCoopers (PwC)* Prologis* Regions Bank Sabra Simon-Kucher Southern Orthodontic Partners Stanford Health Care* SunTrust Robinson Humphrey Surgery Partners Taiho Oncology Team Basilisk Thermo Fisher Scientific T-Mobile TrailStone Tredegar Corporation Turner Family Center for Social Ventures Twitter UBS Financial Services United Services Automobile Association (USAA) UnitedHealth Group UPMC Western Psychiatric Hospital US Bank Vanderbilt University Vanderbilt University Medical Center Velox Labs Verizon Wireless VMware Walmart Wells Fargo West Monroe Partners Western Digital Corporation Xpanse

*Indicates an employer that hired at least one candidate on a student visa.

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