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2013

employment report Vanderbilt MBA

To Friends and Associates of Owen,

We are pleased to present the Vanderbilt MBA Employment Report for the Classes of 2013 and 2014. For the fourth consecutive year, we experienced gains in the key performance metrics we use to gauge success. I am delighted to report that the important measurements of offers, acceptances and salaries, now stand at all-time highs. The percentage of students with at least one offer 90 days after graduation advanced significantly to 96 percent, while accepted offers surged a full five points to 93 percent, setting new records for the program. Median salary for the Class of 2013 registered a sharp increase from $92,000 to $100,000. Our Strategic Plan imperatives are being met and exceeded. • Our Career Management Center is delivering robust, constantly evolving programming that results in better-prepared job seekers. We are moving the needle by ensuring that our students receive highly individualized attention from a committed, veteran staff; the personal coaching our students receive is complemented by more than 60 workshops on timely job search tactics. • We are seeing a steady increase in the number of firms designating Vanderbilt as a core school for MBA recruiting. This is a result of a vigorous employer relations effort that stresses on-campus recruiting by premier employers that have structured full-time track internships— companies capable of making multiple offers to our talented students. Case in point: On-campus recruiting is up 15 percent since the 2010-2011 academic year and the number of companies making multiple offers has grown significantly. Most notable is the rapid rise of Amazon to its position as the most active employer with 13 accepted internship and full-time offers last year. Other firms with multiple accepted offers include Deloitte (8), ExxonMobil (8), DaVita (8), Mattel (8), Nissan North America (6), The North Highland Company (6), Capgemini (5) and Goldman, Sachs & Company (5). As I enter my fourth year at Owen, I do so more convinced than ever that the Vanderbilt MBA Program is on a path to preeminence. Highly talented students, a team of career coaches and support staff who are committed to excellence, and premier employers that recognize the value of our programs and our students, all bode well for the future. Our Career Management Center team is steadfast in its determination to play a pivotal role in the sustained drive to first-tier recognition. The results reflected in this report give us confidence that this is indeed a very special place. Sincerely,

Read D. McNamara, Managing Director Career Management Center and Corporate Affairs Vanderbilt University Owen Graduate School of Management

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This report conforms to the MBA Career Services Council Standards for reporting MBA employment statistics.

1

Class of 2014

Internship Statistics Class of 2014 Profile

Internship Salary Data Mean Monthly Salary Median Monthly Salary Monthly Salary Range Job Function Consulting Finance/Accounting General Management Human Resources Management Information Systems Marketing Operations Other

$5,962 $6,000 $1,700-$11,250

Internships That Were Paid Percent of Seeking Students with an Internship

90% 100%

Monthly Monthly Monthly Salary Percent Mean Salary Median Salary Low High 4% $9,000 $11,250 $4,000 $11,250 33% $5,995 $6,423 $1,750 $8,333 15% $5,571 $6,520 $2,340 $7,500 10% $6,218 $6,300 $4,800 $7,692 1% Insufficient data 26% $4,975 $5,573 $1,700 $7,000 9% $6,840 $8,000 $2,400 $8,600 3% $4,500 $4,500 $5,000 $4,000

Industry Consulting 6% $7,688 $8,125 $3,000 $11,250 Consumer Products 18% $5,547 $5,880 $3,173 $8,000 Financial Services 19% $6,132 $7,050 $1,750 $8,333 Government 1% Insufficient data Health Care Services / Providers 16% $5,585 $6,520 $1,700 $6,800 Manufacturing 5% $3,417 $4,000 $1,750 $4,500 Media/Entertainment/Hospitality 1% Insufficient data Non-Profit 2% Insufficient data Other 6% $5,460 $5,000 $4,000 $7,500 Petroluem/Energy 6% $6,283 $7,250 $2,800 $7,800 Pharma/Biotech/Health Care Devices 4% $6,084 $6,160 $5,416 $6,600 Real Estate 2% Insufficient data Technology 13% $6,398 $6,050 $3,000 $8,600 Geographic Region International Mid-Atlantic Midwest Northeast South Southwest West U.S. Possessions Nashville Metro

1% Insufficient data 4% $7,058 $7,792 $4,500 $8,000 13% $6,404 $6,150 $3,000 $11,250 16% $6,425 $6,400 $1,750 $8,333 42% $5,493 $5,000 $1,750 $11,250 9% $6,715 $6,800 $3,640 $8,333 15% $5,749 $6,000 $1,700 $8,000 na na

26%

$4,459

na na na

$4,000

$2,400

$5,000

“We find that Owen students have a ‘roll up your sleeves’ attitude and the discipline to tackle today’s tough business challenges. It’s the school that we look forward to visiting the most. The students, faculty and staff are the strongest resources we have for recruiting top MBA talent.” — Shawn Henderson Sr. Specialist, College Relations, Cardinal Health

Number Percent Total Number of Students 176 100% Number of Students Not Seeking an Internship 13 7% Number of Students Seeking an Internship 163 93% Number of Students Accepting an Internship 163 100%

Top Metro Areas Nashville 42 New York 14 Atlanta 13 San Francisco 11 Houston 9 Los Angeles 8

Top Hiring Companies Amazon 7 Nissan North America 6 Deloitte Consulting 5 McKesson 5 Mattel 5 Mars Petcare 4

Source of Internships School-Facilitated Activities Percent Scheduled Interviews on Campus 33% Resume Drop/Job Posting 23% Owen Interview Event such as Day in the Bay, South X Southeast, New York Interview Day 7% Alumni Referral 6% Job Fair such as NBMBA or NSHMBA 6% Faculty Referral 2% Total 77% Student-Facilitated Activities Percent Personal Network - Family and Friends 9% Internet Job Posting 2% Previous Employer 1% Other Student-Initiated Activities 4% Total 16% No Information Total

7% 100%

2

Class of 2013

Full-Time Employment Statistics

Salary report is based upon usable salary information on 86% of those graduates who accepted a job.

Class of 2013 Profile

Salary Data

Post Graduation Number of Graduates Number of Graduates Seeking Employment Received Offer within 90 Days Accepted Employment within 90 Days

Total Class Average Median Low High Base Salary U.S. Citizen/Permanent Resident $98,863 $100,000 $47,000 $160,000 Foreign National $123,091 $115,000 $90,000 $190,000 Total $101,301 $100,000 $47,000 $190,000 Signing Bonus U.S. Citizen/Permanent Resident $18,984 $15,000 $1,000 $50,000 Foreign National $24,429 $25,000 $11,000 $40,000 Total $19,521 $17,500 $1,000 $50,000 Other Guaranteed Compensation U.S. Citizen/Permanent Resident $12,243 $10,500 $4,250 $25,000 Foreign National na na na na Total $12,443 $10,500 $4,250 $25,000

Upon Enrollment Number of Students 161 Average Age 28 Age Range 22-42 U.S. Citizens/Perm. Residents 79% Minorities (U.S. Citizens) 15% Non-U.S. Citizens 20% Women 36%

163 137 96% 93%

Number of Graduates Not Seeking Employment 20 Percent of Graduates Not Seeking Employment 12% Company Sponsored/Family Business 6% Continuing Education 2% Postponing Job Search 1% Starting New Business 2% Other Reasons 1% Percent of Graduates Reporting Information on Employment Number of Graduates NOT Reporting Information on Employment

96% 6

Timing of Offers & Acceptance

By 3 Months By Graduation After Graduation May 10, 2013 August 10, 2013 Number Percent Number Percent

Job Offers U.S. Citizen/ Permanent Resident 105 Foreign National 16 Total 121

90% 80% 88%

113 97% 18 90% 131 96%

Job Acceptances U.S. Citizen/ Permanent Resident 98 Foreign National 14 Total 112

84% 70% 82%

111 95% 16 80% 127 93%

Job Function Consulting Finance General Management Human Resources Information Technology Marketing Operations Management Other

Average Median Low High Percent $103,083 $102,500 $75,000 $135,000 21% $99,264 $100,000 $73,000 $143,000 26% $93,250 $100,000 $47,000 $110,000 13% $98,000 $93,000 $80,000 $125,000 6% NA NA NA NA NA $102,273 $96,000 $77,000 $190,000 21% $106,500 $115,000 $68,000 $120,000 6% $114,938 $98,750 $70,000 $180,000 7%

Job Function - Detail Average Median Low High Percent Consulting Health Care $83,000 $81,000 $80,000 $90,000 4% Management/Strategy $107,100 $107,500 $75,000 $135,000 17% Finance/Accounting Corporate Finance $98,619 $97,500 $73,000 $143,000 15% Investment Banking/Cap Markets $100,000 $100,000 $100,000 $100,000 4% Investments Insufficient data 3% Other $101,667 $100,000 $100,000 $105,000 4% General Management General Services $92,500 $92,500 $75,000 $110,000 5% Leadership Development Program $93,700 $100,000 $47,000 $105,000 9% Human Resources $98,000 $93,000 $80,000 $125,000 6% Information Technology Insufficient data 1% Marketing Brand/Product Management $98,212 $96,000 $91,912 $115,000 9% General Marketing $109,571 $96,000 $77,000 $190,000 9% Market Research Insufficient data 2% Sales Insufficient data 1% Operations Management Supply Chain $106,500 $115,000 $68,000 $120,000 6% Service Operations Insufficient data Other $114,938 $98,750 $70,000 $180,000 7%

3

Class of 2013 Employment by Job Function

Salary Data Industry Average Median Low High Percent Consulting $104,160 $105,000 $75,000 $135,000 21% Consumer Products $96,647 $95,000 $77,000 $143,000 14% Financial Services $98,667 $100,000 $90,000 $100,000 14% Government na na na na na Health Care Services/Providers $92,400 $102,500 $47,000 $105,000 9% Manufacturing Insufficient data 1% Media/Entertainment/Lodging Insufficient data 2% Non-Profit na na na na na Petroleum/Energy $99,504 $110,000 $70,000 $115,000 8% Pharma/Biotech/Health Care Devices $107,517 $98,300 $68,000 $190,000 5% Real Estate Insufficient data 2% Technology $99,425 $95,500 $68,000 $120,000 17% Other $118,625 $96,000 $75,000 $190,000 8% North American Geographic Region Average Mid-Atlantic (PA, MD, VA, WV, DE, DC) $89,571 Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) $99,833 Northeast (ME, VT, NY, NH, CT, MA, NJ, RI) $111,821 South (NC, SC, KY, TN, GA, FL, AL, AR) $89,927 Southwest (CO, AZ, TX, OK, NM) $102,250 West (CA, HI, WA, OR, AK, MT, ID, UT, NV, WY) $108,150 Nashville Metro $87,180

Median $82,000

Low $75,000

High Percent $115,000 6%

$97,500 $100,000 $90,000 $98,000 $108,500 $83,500

$75,000 $80,000 $47,000 $82,500 $77,000 $68,000

$135,000 $180,000 $135,000 $125,000 $140,000 $115,000

5% 11% 35% 16% 23% 20%

Undergraduate Major Business Technical Other

Average Median Low High Percent $100,855 $98,000 $75,000 $190,000 45% $107,000 $115,000 $75,000 $135,000 13% $100,161 $100,000 $47,000 $180,000 42%

Professional Experience One Year or Less More than one year, up to three years More than three years, up to five years More than five years

Average $97,541 $96,000 $105,959 $100,792

Median $93,456 $95,000 $100,000 $100,000

Low $78,000 $73,000 $68,000 $47,000

High Percent $135,000 10% $140,000 24% $180,000 43% $190,000 23%

Finance 26% Consulting 21% Marketing 21% General Management 13% Other 7% Operations Management 6% Human Resources 6%

Class of 2013 Employment by Industry Consulting 21% Technology 17% Financial Services 14% Consumer Products 14% Health Care Services/Providers 9% Petroleum/Energy 8% Other 8% Pharma/Biotech/Health Care 5% Media/Entertainment/Lodging 2% Real Estate 2% Manufacturing 1%

Top Hiring Companies Amazon 6 The North Highland Company 6 Capgemini Consulting 5 DaVita 5 ExxonMobil 5 American Airlines 4

Source of Accepted Offer School-Facilitated Activities

Geographic Placement Top Metros # Nashville 26 New York 13 San Francisco 10 Dallas/Ft. Worth 9 Seattle 7 Houston 6 Washington, DC 6 World Region North America Asia

96% 4%

North America

Northeast 11% Midwest 5% West 23%

Mid-Atlantic 6% Southwest 16%

South 35%

Scheduled Interviews On-campus 20% Internship - Originally Through School-Facilitated Activity 17% Job Posting/Resume Drop 12% Alumni Referral 6% Job Fair such as NBMBA, NSHMBA 6% Other School-Related Recruiting Activity 7% Faculty Referral 3% Resume Book Referral 1% Total 70% Graduate Facilitated Activities Personal Network - Family and Friends 6% Internet Job Posting 4% Other Student-Initiated Activities 2% Graduate - Facilitated Internship at Company 6% Previous Employer 3% Third Party Sources/Executive Recruiters 2% Total 24% No Information Reported 6% Total 100%

4

Employers Hiring Members of the Classes of 2013 and 2014 21st Century Oncology 3M A.O. Smith Adobe Systems AllConnect Allianz Real Estate of America Alvarez & Marsal Amazon American Airlines American Express Amgen Amplion Amyris Apple Arryve Consulting ASCAP Ascension Health Asurion AT&T Avondale Partners Bain & Company Bank of America Merrill Lynch Beyond Yoga Boyle Investment Company Brown-Forman Campbell Soup Company Capgemini Consulting Caption Call Cardinal Health CarMax Chevron CIGNA Cisco Citigroup Cogent HMG Cognizant ConocoPhillips Contigo Financial Covenant Capital Group

Covenant Capital Management Cracker Barrel (CBRL Group) Credit Suisse Daewoo Dairy Farmers of America Dannon Darden Restaurants DaVita Dell Deloitte Consulting Delta Air Lines Dr.Pepper Snapple Group DSI Renal E&J Gallo Winery Eastman Chemical Company ECG Management Consultants Electronic Funds Source EMMA Emdeon Environmental Defense Fund ExxonMobil FedEx FEV Consulting Freepoint Commodities FTI Consulting GE (General Electric) GE Capital General Mills Goldman, Sachs & Comapny H.J. Heinz Hasbro HCA Healthways Hewlett-Packard (HP) Hilton Worldwide Honeywell Hospice Compassus Humana Huron Consulting Group

IBM Insight Genetics Intel InVivoLink Ivantage Health Jefferies & Company Johnson & Johnson JP Morgan JP Morgan Chase Kaufman Hall Kimberly-Clark Liberty Mutual Group Lowe’s Companies Mars Petcare Mattel McKesson McKinsey & Company McLemore McMaster Carr Supply Medtronic Microsoft Mid-Con Energy Partners MillerCoors Mitsui NASDAQ Nashville Capital Network Nestle USA Nissan North America Novartis Ochsner Health System Procter & Gamble Randall-Reilly Publishing RegionalCare Hospital Regions Bank RJ Reynolds Tobacco Roth Staffing Sam’s Club Samsung Telecommunications America

Career Management Center

SC Johnson SEC (Securities & Exchange Commission) Shell Oil Silicon Ranch Simpson, Thacher & Bartlett Sony/ATV Music Publishing Southern Company Sprint Nextel Stone Creek Private Wealth Advisors SunTrust Bank Tennessee Consolidated Retirement System (TCRS) Tennessee Valley Authority Texas Children’s Hospital The Gallup Organization The Hershey Company The Home Depot The Methodist Hospital The North Highland Company The Sustainability Group UBS Investment Bank Vanderbilt Children’s Hospital Vanderbilt Owen Graduate School of Management Vanderbilt University Medical Center VelocityHealth Securities Verizon Vital Check Walmart Wealth Access WellNow Urgent Care Wells Fargo Western & Southern Financial Group

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©2013 Vanderbilt and the Vanderbilt logo are registered trademarks and service marks of Vanderbilt University. REV. 10/13 Vanderbilt University is committed to principles of equal opportunity and affirmative action. Visit owen.vanderbilt.edu for Vanderbilt University’s complete EEO and affirmative action statement.


MBA Employment Report 2013