2021 MBA Employment Report

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VANDERBILT MBA

2021

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 with you the employment outcomes for the MBA Class of 2021 and internships for the MBA Class of 2022. It was another challenging year for students, faculty, and staff as we continued to navigate disruption and uncertainty from the pandemic. However, I am so pleased to share with you that despite the challenges, Vanderbilt MBA students navigated the landscape with determination and grit and landed in amazing roles that will allow them to make a positive impact across a variety of industries. Achieving a career goal by transitioning industries, job functions, or geographies can be one of the primary reasons a student will embark on an MBA degree. Many of our students have made such a career transition this year, and below are a few of the highlights from the 20202021 academic year. n

Employment rates were very strong. By graduation in mid-May, 88% of the Class of 2021 had received a full-time offer of employment, and 84% had accepted an offer. Fifty-one percent of accepted full-time offers came from a conversion of a summer internship. At 3 months post-graduation, 97% of the Class of 2021 had received a full-time offer, with 96% of the class reporting they had accepted an employment offer.

n

Compensation remains strong across industries and MBA job functions. Median annual base salary for MBA graduates remains at $125,000, with a mean of $125,130. Signing/Starting bonuses were up slightly from the 2020 MBA report by 2.4%, for a mean of $27,651 and a median of $26,250.

n

100% of first years seeking a summer internship secured a role. Once again, the first-year MBA class was 100% successful in securing internships at 117 different companies. Mean internship compensation was $8,106 per month, up 4.5% from the 2020 report.

In this time of change and adaptation, our employer partners continue to value Vanderbilt MBA graduates for their leadership and collaboration. We continue to be grateful to our employer partners, as well as to our alumni that remain engaged with the MBA program and are willing to participate in career programming to share insight and guidance. As we begin the 2021-2022 academic year, we look forward to remaining engaged with you all throughout the next year. Sincerely,

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

$125,130

is the average starting base salary for the MBA Class of 2021

97

%

of the Class of 2021 received an offer by 3 months postgraduation

180

companies hired members of the Classes of 2021 and 2022


CLASS OF 2021

Full-Time Employment Statistics Salary Data Total Class Average Median Low Base Salary* U.S. Citizen/Permanent Resident $ 125,983 $ 125,000 $ 60,000 Foreign National $ 119,725 $ 120,000 $ 53,870 Total $ 125,130 $ 125,000 $ 53,870 Signing Bonus** U.S. Citizen/Permanent Resident $ 27,886 $ 25,000 $ 1,000 Foreign National $ 26,154 $ 30,000 $ 10,000 Total $ 27,651 $ 26,250 $ 1,000

High

Top Hiring Companies: Number of Graduates Hired Amazon 7 Deloitte 7 Optum 6 Microsoft 5 American Airlines 4 Ernst & Young (EY) 3 Freedom Mortgage 3 PricewaterhouseCoopers (PwC) 3 Walmart 3 Wells Fargo 3

$ 170,000 $ 160,000 $ 170,000 $ 80,000 $ 40,000 $ 80,000

*Salary report is based upon usable salary information for 89% of those graduates who accepted a job. **87% of graduates reporting base salary also reported receiving a signing bonus.

Job Function Percent Average Median Low High Consulting 30% $ 140,596 $ 145,000 $ 98,500 $ 170,000 Finance/Accounting 21% $ 129,477 $ 127,500 $ 90,000 $ 155,000 General Management 10% $ 118,000 $ 125,000 $ 79,000 $ 130,000 Human Resources 5 % $ 103,000 $ 115,000 $ 60,000 $ 125,000 Information Technology 1% Insufficient Data Marketing 18% $ 110,256 $ 115,000 $ 53,870 $ 133,000 Operations Management 7 % $ 119,778 $ 130,000 $ 60,000 $ 153,000 Other 8 % $ 114,167 $ 115,000 $ 75,000 $ 127,000 Job Function: Detail Percent Average Median Low High Consulting Management/Strategy 25% $ 143,276 $ 150,000 $ 105,000 $ 170,000 Internal 5 % $ 127,646 $ 132,500 $ 98,500 $ 145,000 Finance/Accounting Corporate Finance 12% $ 109,590 $ 113,000 $ 77,000 $ 130,000 Investment Banking/Cap. Markets 7 % $ 150,556 $ 150,000 $ 150,000 $ 155,000 Investments/Private Wealth 2 % $ 121,667 $ 125,000 $ 90,000 $ 150,000 General Management General Services 4% Insufficient Data Leadership Development Program 6 % $ 126,667 $ 127,500 $ 120,000 $ 130,000 Human Resources 5 % $ 103,000 $ 115,000 $ 60,000 $ 125,000 Information Technology 1% Insufficient Data Marketing Brand/Product Management 12% $ 107,169 $ 113,500 $ 53,870 $ 130,000 General 6 % $ 116,429 $ 115,000 $ 82,000 $ 132,000 Operations Management 7 % $ 119,778 $ 130,000 $ 60,000 $ 153,000 Other 8 % $ 114,167 $ 115,000 $ 75,000 $ 127,000

Class of 2021 Employment by Job Function

Class of 2021 Employment by Industry

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

n 21%

n 8% Other

Finance/Accounting n 7% Operations Mgmt. n 18 Marketing n 5% Human Resources % n 10 General Mgmt. n 1% Information Technology %

n 22%

Consulting n 22% Healthcare n 19% Financial Services n 16% Technology n 6% Consumer Products n 4% Manufacturing

11% 9% 7% 3% 77%

7% 6% 6% 4% 23%

Timing of Offers & Acceptances

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

n 30% Consulting

47%

By 3 Months By Graduation After Graduation May 2021 August 2021 # %

# %

98 16 114

88% 107 96% 89% 18 100% 88% 125 97%

93 15 108

84% 106 95% 83% 18 100% 84% 124 96%

This report conforms to the MBA Career Other Services and Employer Alliance standards n 2% Energy for reporting MBA employment statistics. n 2% Real Estate n 2% Retail n 1% Government n 1% Media/Entertainment/Lodging n 3%


Salary Data Industry Consulting Consumer Products Energy Financial Services Government Healthcare Manufacturing Media/Entertainment/Lodging Real Estate Retail Technology Other

Class of 2021 Profile Percent Average Median Low High 22% $ 146,200 $ 150,000 $ 105,000 $ 170,000 6 % $ 102,214 $ 100,000 $ 72,500 $ 145,000 2% Insufficient Data 19% $ 127,857 $ 130,000 $ 60,000 $ 155,000 1% Insufficient Data 22% $ 116,111 $ 125,000 $ 53,870 $ 140,000 4 % $ 118,093 $ 116,187 $ 115,000 $ 125,000 1% Insufficient Data 2% Insufficient Data 2% Insufficient Data 16% $ 123,344 $ 128,500 $ 98,500 $ 153,000 3 % $ 113,000 $ 113,000 $ 113,000 $ 113,000

North American Geographic Region Percent Average Median Low Mid-Atlantic (PA, MD, VA, WV, DE, DC) 5 % $ 125,000 $ 137,500 $ 60,000 Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) 8 % $ 124,237 $ 122,500 $ 115,000 Northeast (ME, VT, NY, NH, CT, MA, NJ, RI) 20% $ 131,250 $ 130,000 $ 92,000 South (NC, SC, KY, TN, GA, FL, AL, AR, MS, LA) 43% $ 125,193 $ 125,000 $ 75,000 Southwest (CO, AZ, TX, OK, NM) 12% $ 128,792 $ 121,500 $ 90,000 West (CA, HI, WA, OR, AK, MT, ID, UT, NV, WY) 12% $ 120,557 $ 130,000 $ 60,000 Nashville Metro 24% $ 115,146 $ 120,000 $ 75,000 Undergraduate Major Business Technical Other

Percent 35% 22% 43%

Average $ 128,185 $ 125,307 $ 122,735

Median $ 125,000 $ 127,500 $ 125,000

Low $ 82,000 $ 53,870 $ 60,000

Professional Experience One year or less More than one year, up to 3 years More than 3 years, up to 5 years More than 5 years

Percent 3 % 12% 38% 47%

Average Median Low $ 102,833 $ 98,500 $ 60,000 $ 118,231 $ 115,000 $ 75,000 $ 127,061 $ 125,000 $ 72,500 $ 126,589 $ 130,000 $ 53,870

High $ 155,000 $ 155,000 $ 170,000 $ 165,000 $ 160,000

Upon Enrollment* Class Size 147 Women 30% International Students 14% Minorities (% of U.S. Citizens) 17% *Based on class as of September 2019.

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 Postponing Job Search Other Reasons % of Graduates Reporting Information on Employment # of Graduates Not Reporting Information on Employment

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

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

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

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 20% Midwest 8%

Southwest 12%

2

business.vanderbilt.edu

Continental United States

West 12%

99%

$ 153,000 $ 155,000

Geographic Data Top Metro Areas: Number of Graduates Hired Nashville 30 New York 20 Atlanta 11 Dallas-Fort Worth 6 Seattle 6 Boston 5

147 129 97% 96% 16 12% 5% 3% 2 % 1% 1%

Mid-Atlantic 5%

South 43%


CLASS OF 2022 Internship Statistics Internship Salary Data Mean Monthly Salary Median Monthly Salary Monthly Salary Range

$8,106 $8,000 $600-$15,903

Percent of Seeking Students with an Accepted Internship Offer 100 %

Job Function Percent Average Consulting 21% $ 9,850 Finance/Accounting 26% $ 8,620 General Management 15% $ 7,045 Human Resources 5 % $ 7,563 Information Technology 0% Marketing 18% $ 6,701 Operations 11% $ 8,690 Other 4 % $ 5,420

Monthly Median Low $ 10,400 $ 4,500 $ 9,804 $ 1,000 $ 7,846 $ 1,111 $ 7,275 $ 5,040 Insufficient Data $ 6,933 $ 600 $ 9,208 $ 5,200 $ 3,467 $ 1,759

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

Percent Average Median Low 17% $ 10,497 $ 11,000 $ 4,500 12% $ 6,644 $ 6,933 $ 3,360 1% Insufficient Data 21% $ 9,577 $ 10,417 $ 1,000 1% Insufficient Data 18% $ 7,070 $ 7,659 $ 1,111 3 % $ 8,367 $ 8,500 $ 8,000 1% Insufficient Data 2% Insufficient Data 4 % $ 5,458 $ 4,333 $ 1,200 1% Insufficient Data 17% $ 7,515 $ 8,400 $ 2,700 2 % $ 10,643 $ 8,333 $ 7,692

Geographic Region International Mid-Atlantic Midwest Northeast South Southwest West Metro Nashville

Percent Average 1% 3 % $ 7,814 10% $ 8,565 18% $ 9,795 41% $ 7,050 6 % $ 9,875 21% $ 8,517 23% $ 5,398

$ $ $ $

High 13,867 14,582 9,533 10,000

$ 9,667 $ 13,325 $ 15,903

High $ 13,750 $ 8,233 $ 14,582 $ 9,533 $ 8,500

$ 13,867 $ 9,707 $ 15,903

Median Low High Insufficient Data $ 6,692 $ 5,373 $ 12,500 $ 8,500 $ 1,759 $ 13,750 $ 10,417 $ 2,600 $ 14,582 $ 6,667 $ 600 $ 13,750 $ 8,933 $ 6,500 $ 13,750 $ 9,000 $ 1,000 $ 15,903 $ 5,200 $ 600 $ 9,533

“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

Former Director of Air Hub Operations at Amazon Air

Class of 2022 Profile Number Percent Total Students 184 Students Not Reporting Data 1 Students Not Seeking an Internship 17 Students Seeking an Internship 166 Students Accepting an Internship 166

100% 1% 9% 90%

100%

Source of Internship Offers School-Facilitated Activities Interviews Scheduled via Owen Activities Supported by the CMC Job Postings via Owen/Resume Books School Network (Alumni/Faculty/Class Referrals, Class Speakers, and Projects) Other School-Initiated Sources Total

8% 4% 76%

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

11% 11% 2% 24%

27 % 19% 18%

Top Metro Areas: Number of Interns* Nashville 33 New York 22 Los Angeles 11 Atlanta 10 San Francisco 9 Seattle 8 Dallas-Fort Worth 6 Charlotte 5 Chicago 4 St. Louis 4 Boston 3 Minneapolis 3 * Internship location reflects what students reported when they accepted their offers; however, many internships were primarily virtual during Summer 2021.

Top Hiring Companies: Number of Interns Amazon 10 Goldman, Sachs & Co. LLC 6 Radiology Partners 5 Ernst & Young (EY) 4 Jefferies Group 4 The Boston Consulting Group (BCG) 4 West Monroe Partners 4 Bank of America Merrill Lynch 3 Deloitte 3 Emerson 3 JLL Technologies 3 Johnson & Johnson 3 Mars Petcare 3 Mattel, Inc. 3 PricewaterhouseCoopers (PwC) 3


Employers Class of 2021 (full-time) and Class of 2022 (internship) 3M Abbott* AlixPartners AlphaRail Inc. Amazon* American Airlines* American Express Amgen Inc.* AMSURG Ankura Consulting Group Apple Inc. Asurion AT&T Axtria* Azuca BackEmbrace Bain & Company Bank of America* Bayer Bernhard Capital Partners Management LP BioMarin Pharmaceutical Inc. BMO Capital Markets BNY Mellon Boston Consulting Group (BCG) Bristol-Myers Squibb Brookfield Properties Cain Brothers Catch Co. Cicero Group Cigna Corporation Citigroup* Citizens Capital Markets, Inc. Civil-Military Innovation Institute Cognizant Compassus DADA2 Foundation Daily Crunch Snacks Danone DaVita Dell Technologies Inc. Deloitte* DePalma Studios Diversified Trust E. & J. Gallo Winery Edwards Lifesciences

Eli Lilly and Company* Ellavate Solutions Emerson Endodontic Practice Partners Equinix Ernst & Young (EY) Eventide Asset Management Experian Health, Inc. EY-Parthenon Fidelity Investments FieldCore Fitch Ratings Foundation Medicine, Inc. Founders Advisors Freddie Mac Freedom Mortgage Corporation* Genentech* Genuine Parts Company GEP Worldwide* Goldman, Sachs & Co. LLC* Google* GrayArch Partners Hanesbrands Inc. Happenstance Distilling Co. Harris Williams & Co. Healthcare Realty Trust, Inc. HelloFresh Heritage Group Honeywell Horizon Therapeutics Humana Inc. Indiana University Infosys Inspiritus Intermountain Healthcare Jazwares Jefferies Group* JLL Technologies Jobecademy* Johns Hopkins Health System Johnson & Johnson Jones Lang Lasalle Incorporated JPMorgan Chase & Co. Kalypso - Rockwell Automation Karen Cubides Agency KBC Advisors

Keurig Dr Pepper King & Spalding LLP Kirkland & Ellis LLP KPMG Kyushu Railway Company L.E.K. Consulting Leddin Group Lipman Brothers, LLC Markham Capital Partners, LLC Mars Petcare* Massachusetts General Hospital Mattel, Inc. McKesson Corporation McKinsey & Company McWane, Inc. Medtel Medtronic MHW Ltd.* Microsoft Corporation Mindtree* Mobile Mentor Monroe Carell Jr. Children's Hospital at Vanderbilt Morgan Stanley Myoli Bay, LLC Nashville Capital Network NextEra Energy Nike, Inc. Nomura Northrop Grumman Corporation NTT Data Services Oak Street Health Optum Otsuka Pharmaceutical* PA Consulting Pershing Yoakley & Associates (PYA) Pfizer Inc. PIMCO Pin Oak Terminals* Piper Key Piper Sandler & Co. Porsche Consulting GmbH PricewaterhouseCoopers (PwC)* Procter & Gamble Prologis* Qualifacts

Radiology Partners Raytheon Technologies Reckitt REDF ReviveHealth Samsung SAP* Satellogic S.C. Johnson & Son, Inc. Simon-Kucher & Partners Sims-Lohman Soko Glam Sorbie Group, LLC Spero Health* Spirits of Tennessee, LLC Target Corporation Tennessee Consolidated Retirement System* The Clear Blue Company The Coca-Cola Company The Eric Carle Museum of Picture Book Art The Estée Lauder Companies Inc. The North Highland Company LLC The Walt Disney Company T-Mobile Toray Industries, Inc. UBS UBS Global Wealth Management Unum U.S. Bancorp USAA, Inc. Valvoline Verizon Visa Consulting & Analytics VMware Walmart Wedgewood Avenue Wefunder Wells Fargo West Monroe Partners Workday, Inc. Xpanse Inc.* Yo Mama's Foods Co. Zander Insurance

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

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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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