2022 MS Finance Employment Report

VANDERBILT MS FINANCE

2022

EMPLOYMENT REPORT

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 : We are pleased to share the employment outcomes for the Vanderbilt Master of Science in Finance Class of 2022. One-hundred percent of the class had an offer by graduation, which is even more notable considering that the Class of 2022 had the largest number of job-seeking students (75) in the program’s history.

Making the most of a strong job market: In the spring of 2021, job offers for the MSF Class of 2021 spiked compared to previous years, and this trend of accelerated hiring continued through the summer and fall of 2021. By the end of December 2021, roughly 5 months before graduation, a higher percentage of MSFs had an offer (83%) than any previous year.

Compensation trended upward as well. The average base salary for the Class of 2022 climbed to $91,377 (from $84,585 the year before), as did the median base salary to $95,000 (from $85,000 the year before).

Expanding regions, roles, and job sources: More than 50% of the Class of 2022 accepted positions in the Midwest and Northeast, up from 36% two years ago. The Class of 2022 saw a record number of students (28) accepting roles in the New York metro area. There was also an increase in the number of students heading into roles in real estate investments and development, representing 13% of the class. Additionally, the program saw an increase in the number of students securing employment through online job postings (both internal and external to Owen), when compared to other sources of accepted job offers. This shift was likely a result of decreased in-person employer recruiting due to the COVID-19 pandemic.

Changes at Owen: In March of 2022, Ginny Ling became the new Career Management Center MS Finance lead coach. Additionally, Emma Duncliffe recently took over the CMC Employer Relations lead for the consulting and healthcare industries. Heather Yockey remains the CMC Employer Relations lead for all other industries, including financial services. Brook Meissner provides additional coaching support to the MSF program and other specialized masters programs.

Finally, 2022 marks 17 years for the Vanderbilt MS Finance program. It is exciting to see how the program has developed over that period thanks to incredible contributions by students, staff, faculty, and alumni. These impressive outcomes would not be possible without the support of alumni from across Owen and Vanderbilt, and we are grateful for their partnership.

We invite you to come visit Owen and see our newly renovated space.

With gratitude, Brook Meissner Director of Specialized Masters Coaching | Career Management Center Vanderbilt University | Owen Graduate School of Management

Ginny Ling Associate Director & MSF Coaching Lead | Career Management Center Vanderbilt University | Owen Graduate School of Management

95,000

$

is the median base salary for the MSF Class of 2022

100%

of the Class of 2022 accepted an offer within 3 months of graduation

10,000

$

is the median signing bonus received by the Class of 2022

CLASS OF 2022

Full-Time Employment Statistics Salary Data

Class of 2022 Profile

Total Class Average Base Salary* U.S. Citizen/Permanent Resident $ 91,100 Foreign National $ 93,222 Total $ 91,377 Signing Bonus** U.S. Citizen/Permanent Resident $ 8,734 Foreign National $ 10,000 Total $ 8,877

Median

Low

High

$ 95,000 $1 00,000 $ 95,000

$ 61,000 $ 74,000 $ 61,000

$ 110,000 $ 110,000 $ 110,000

$ 10,000 $ 10,000 $ 10,000

$ 2,500 $ 5,000 $ 2,500

$ 30,000 $ 15,000 $ 30,000

*Salary report is based upon usable salary information on 92% of those graduates who accepted a job. **77% of graduates who reported base salary also reported receiving a signing bonus.

Job Function

Percent Investment Banking 48% Real Estate Finance 13% Management Consulting 11% Equity Research 5% Private Equity/Venture Capital 5% Investment Management 4% Advisory & Valuation 3% Corporate Finance 3% Sales & Trading 3% Other 5%

Geographic Region Northeast (CT, MA, ME, NH, NJ, NY, RI, VT) South (AL, AR, FL, GA, KY, LA, MS, NC, SC, TN) Midwest (IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, SD, WI) Southwest (AZ, CO, NM, OK, TX) Mid-Atlantic (DC, DE, MD, PA, VA, WV) West (AK, CA, HI, ID, MT, NV, OR, UT, WA, WY)

41% 23% 11% 9% 8% 8%

Nashville Metro 3%

Timing of Offers & Acceptances

Offers/Accepted Offers/Accepted

Offers/Accepted By 3 Months By 6 Months

Number

By Graduation After Graduation* After Graduation*

Seeking Number Percent Number Percent Number Percent Job Offers U.S. Citizen/Permanent Resident 66 66 100% 66 100% 66 100% % % Foreign National 9 9 100 9 100 9 100% Total 75 75 100% 75 100% 75 100%

Job Acceptances U.S. Citizen/Permanent Resident 66 Foreign National 9 Total 75

65 8 73

98% 89% 97%

66 9 75

100% 100% 100%

66 9 75

100% 100% 100%

Post-Graduation # of Graduates 80 % of Graduates Seeking Employment Received Offer Within 3 Months 100% Accepted Employment Within 3 Months 100% % of Graduates Not Seeking Employment 6% % of Graduates Reporting Information on Employment 100% # of Graduates Not Reporting Information on Employment 0

Source of Accepted Offers School-Facilitated Activities Job Posting/Resume Drop 24% Owen Network (Alumni/Faculty/ Classmate Referral) 21% On-Campus Interviews 8% School-Supported Events, Meetings, Fairs 6% Other School-Supported Activities 3% Total 62% Graduate-Facilitated Activities Internet Job Posting/Social Media Personal Network (Family/Friends) Other Student-Initiated Activities Total

17% 17% 4% 38%

Top Metros New York Chicago San Francisco Charlotte Atlanta Boston Dallas-Fort Worth Philadelphia Tampa

28 6 6 5 4 3 3 3 3

Top Hiring Companies

*Official reporting date is 6 months post graduation; however, the majority of results were achieved by 3 months.

Class Job-Seeking Profile

Permanent Non-Permanent

Work Work

Authorization Authorization Seeking Employment 66 9 Not Seeking Employment Company Sponsored/Family Business 0 0 Continuing Education 0 0 Postponing Job Search 0 0 Starting/Continuing Own Business 1 1 Other Reasons (Joint Degree JD/MSF students) 2 1 Total 69 11

Upon Enrollment Class Size 81 Program Delivery Method On Campus Length of Program in Months 10 Average Years of Work Experience 0.65 Age Range 21 - 26 Women 22% Underrepresented Minorities 24% Average GMAT Score 682 Average Undergraduate GPA 3.71

Total Program Graduates 75 0 0 0 2 3 80

Raymond James Financial, Inc. Wells Fargo & Company Deutsche Bank AG Jefferies Group LLC Stephens Inc. The Vanguard Group, Inc. Barclays EY-Parthenon IBM Lincoln International LLC SVB Securities William Blair & Company

4 4 3 3 3 3 2 2 2 2 2 2

This report conforms to the MBA Career Services & Employer Alliance Standards for Reporting Specialty Masters Employment Statistics©.

L I ST O F E M P LOY E R S Accenture Access Holdings Alvarez & Marsal* Argentic Investment Management Barclays Blackstone Blue Vista Capital Management Bourne Partners Brown Brothers Harriman & Co. Cain Brothers & Company, LLC Campbell Lutyens Canaccord Genuity Group Inc. Citi Configure Partners Cowen Inc.*

Credit Suisse Group AG Crosstree Capital Partners Deutsche Bank AG Eastdil Secured EY EY-Parthenon Fifth Third Bank Five Elms Capital Greystone Guggenheim Partners Harris Williams & Co. Humana Inc.* IBM Jamestown LP Jefferies Group LLC

Kroll Lincoln International LLC Oppenheimer & Co. Inc. Penler PIMCO* Prologis PwC Raymond James Financial, Inc. RBC Capital Markets Realterm Global, LLC Scotiabank* SolRiver Capital Stephens Inc. Susquehanna International Group, LLP

SVB Securities The Hanover Company* The Vanguard Group, Inc. Titan Holdings Truist Securities Trumont Group* Vanderbilt University Office of Investments VMG Health W.K. Kellogg Foundation Wells Fargo Corporate & Investment Banking William Blair & Company

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

The Class of 2022 Works Across the Nation

Northeast 41% Midwest 11%

West 8%

Southwest 9%

Vanderbilt University Owen Graduate School of Management 401 21st Avenue South Nashville, TN 37203-2422

615.322.2534 msfinance@vanderbilt.edu business.vanderbilt.edu/msfinance Hours: 8:30 AM to 5:00 PM CT

Vanderbilt University is committed to principles of equal opportunity and affirmative action. Vanderbilt®, Vanderbilt University® and the Vanderbilt logos are trademarks of The Vanderbilt University. REV. 11/22

Mid-Atlantic 8%

South 23%