By Kara Sherrer
Class of 2019 graduates from the full-time MBA program at Vanderbilt’s Owen Graduate School of Management reported average base salary earnings of $118,888, representing an increase of 7% over the previous year’s figure. Combined with an average signing/starting bonus of $25,642, this salary means that the class of 2019 is the highest compensated class of MBAs in Owen’s history.
Consulting was the most common job function, with 31% of graduates accepting a consulting role. Other popular functions included finance (25%), marketing (15%), general management (14%), operations management (5%), and human resources (4%). Consulting was also the most popular industry, with 27% of graduates accepting jobs at consulting firms, followed by healthcare (19%), technology (18%), and financial services (15%).
“The CMC Staff are very appreciative to work with a fantastic group of recruiting partners who provide a wide range of opportunities for our students,” said Emily Anderson, Director of the Career Management Center.
Three months post-graduation, 97% of graduates had received at least one offer and 95% had accepted. Of the 2019 graduates who accepted jobs in the U.S., 41% accepted jobs in the South, while others moved to the West (15%), the Southwest (15%), the Northeast (12%) and Midwest (12%), and the Mid-Atlantic (3%). Two percent of the MBA Class of 2019 accepted jobs outside the U.S.
For the eighth year in a row, 100% of first-year MBA students seeking summer internships received an offer. Members of the Class of 2020 spent 10 to 12 weeks immersing themselves in a variety of different industries, including financial services (22%), healthcare (15%), consulting (12%), and consumer products (12%). All told, 165 companies hired members of the Classes of 2019 and 2020.
Anderson recognizes Owen alumni for their help throughout the recruiting process. “We continue to be grateful to the dedicated Owen alumni for encouraging and fostering recruiting relationships, as well as providing mentorship and guidance to current students,” she said. “We look forward to continuing these wonderful relationships.”
A summary of this year’s MBA employment and internship report may be viewed here.
Want to see your compensation reach these levels? Apply to the MBA program here.