Full-Time MBA Employment Report 2019–20
Full-Time MBA Employment Report
The University of Virginia Darden School of Business Career Development Center (CDC) is pleased to present the Full-Time MBA Class of 2019 Employment Report and Class of 2020 Internships Report. Data associated with the full-time MBA Class of 2019 conforms to the MBA Career Services & Employer Alliance Standards for Reporting MBA Employment Statistics. Graduation date for the full-time MBA class was 19 May 2019. This report is based upon useable salary information from 99.4% of the graduates who accepted a job by three months after graduation. If you have questions regarding this report, please contact Jeff McNish, assistant dean of career development, at McNishJ@darden.virginia.edu or +1-434-297-7971.
02
CLASS OF 2019
Meet Darden’s Career-Driven Class of 2019 Full-Time MBA Program Class Profile Work Authorization Categories
Seeking employment
Permanent Work Authorization
Non-Permanent Work Authorization
Total Full-Time MBA Graduates
220
78
298
Company-sponsored; already employed
4
4
8
Continuing education
0
0
0
Postponing job search
1
1
2
Starting a new business
8
2
10
Not seeking for other reasons
0
0
0
Total not seeking employment
13
7
20
No recent information available
2
0
2
Total graduates
235
85
320
Not seeking employment
UVA DARDEN SCHOOL OF BUSINESS
03
CLASS OF 2019
Darden Graduate Talent in High Demand Timing of First Job Offers Total Seeking Employment
First Offer by Graduation
First Offer After Graduation and by Three Months After Graduation
Have Not Reported Receiving an Offer by Three Months After Graduation NUMBER
NUMBER
PERCENT
NUMBER
PERCENT
PERCENT
Permanent work authorization
220
214
97.3%
3
1.4%
3
1.4%
Nonpermanent work authorization
78
66
84.6%
7
9.0%
5
6.4%
Total graduates seeking employment
298
280
94.0%
10
3.4%
8
2.7%
94%
of the class received a first offer by graduation
97%
of the class received a first offer by three months after graduation
94%
of students with nonpermanent work authorization in the class received a first offer by three months after graduation
99%
of students with permanent work authorization in the class received a first offer by three months after graduation
FULL-TIME MBA EMPLOYMENT REPORT
04
CLASS OF 2019
Darden Students: Motivated for Early Career Choices Timing of Acceptances Total Seeking Employment
Permanent work authorization
220
Nonpermanent work authorization
78
Total graduates seeking employment
298
90%
of the class accepted an offer by graduation
96%
First Offer Accepted by Graduation
Accepted Job After Graduation and by Three Months After Graduation
Have Not Reported Accepting a Job by Three Months After Graduation
NUMBER
PERCENT
NUMBER
NUMBER
204
92.7%
10
4.5%
6
2.7%
64
82.1%
9
11.5%
5
6.4%
268
89.9%
19
11
3.7%
of the class accepted an offer by three months after graduation
UVA DARDEN SCHOOL OF BUSINESS
94%
of students with nonpermanent work authorization in the class accepted an offer by three months after graduation
PERCENT
6.4%
PERCENT
97%
of students with permanent work authorization in the class accepted an offer by three months after graduation
05
CLASS OF 2019
Darden Talent Earns Record Starting Salaries Starting Salaries # Reporting Base Salary
% Reporting Base Salary1
Mean
Median
Low
High
Permanent work authorization
209
97.7%
$137,349
$140,000
$50,000
$200,000
Nonpermanent work authorization
72
98.6%
$128,835
$130,000
$63,891
$165,000
Total reporting base salary
281
97.9%
$135,168
$135,000
$50,000
$200,000
1. Divides number of students reporting Base Salary by the number of students reporting accepting a position Note: Darden uses the 12Twenty system to ensure consistent and timely currency conversion
Bonuses for Nearly Every Darden Student Signing Bonuses # Reporting Signing Bonus
% Reporting Signing Bonus2
Mean
Median
Low
High
Permanent work authorization
188
90.0%
$33,862
$30,000
$3,000
$100,000
Nonpermanent work authorization
65
90.3%
$32,291
$30,000
$2,662
$80,000
Total reporting base salary
253
90.0%
$33,458
$30,000
$2,662
$100,000
2. Divides number of students reporting useable Signing/Starting Bonus information by the number of students providing base salary information
FULL-TIME MBA EMPLOYMENT REPORT
06
CLASS OF 2019
Individual compensation information is confidential. To protect confidentiality, the CDC only reports compensation information for data points equal to or greater than three.
You’ll Find New Darden Grads Entering Every Industry Compensation by Industry Graduates Accepting New Employment
Graduates Reporting Salary
Mean Base Salary
Median Base Salary
Low Base Salary
High Base Salary
NUMBER
PERCENT
NUMBER
Consulting
102
35.5%
101
$152,881
$160,000
$81,315
$173,000
Consumer packaged goods
8
2.8%
8
$106,125
$109,000
$80,000
$115,000
Energy Financial services
4
1.4%
3
$114,667
$120,000
$104,000
$120,000
70
24.4%
68
$135,278
$145,000
$50,000
$160,000
Government
1
0.3%
1
I /D
I /D
I /D
I /D
Health care (including products and services)
8
2.8%
8
$117,500
$120,000
$110,000
$125,000
Hospitality
6
2.1%
6
$115,833
$115,000
$105,000
$130,000
Manufacturing
12
4.2%
12
$115,269
$116,157
$95,000
$135,000
Media/Entertainment
1
0.3%
1
I /D
I /D
I /D
I /D
Nonprofit
1
0.3%
1
I /D
I /D
I /D
I /D
Real estate
5
1.7%
5
$110,000
$115,000
$95,000
$120,000
Retail
21
7.3%
20
$126,500
$127,500
$115,000
$150,000
Technology
43
15.0%
42
$121,704
$120,000
$70,000
$155,000
Transportation/Logistics services
4
1.4%
4
$116,875
$116,250
$105,000
$130,000
Other
1
0.3%
1
I /D
I /D
I /D
I /D
Total reporting
287
100%
281
$135,168
$135,000
$50,000
$200,000
Industry
I /D: Fewer than three data points
UVA DARDEN SCHOOL OF BUSINESS
07
CLASS OF 2019
Darden New Grad Salaries Are on the Rise Across Functions Compensation by Function Graduates Accepting New Employment
Graduates Reporting Salary
Mean Base Salary
Median Base Salary
Low Base Salary
High Base Salary
NUMBER
PERCENT
NUMBER
Consulting
104
36.2%
103
$151,903
$158,000
$81,315
$173,000
Finance/Accounting
69
24.0%
68
$132,800
$150,000
$50,000
$160,000
General management Human resources
53
18.5%
50
$121,727
$125,000
$95,000
$150,000
1
0.3%
1
I /D
I /D
I /D
I /D
Marketing/Sales
42
14.6%
42
$120,182
$120,000
$76,259
$142,000
Information technology
11
3.8%
11
$121,545
$130,000
$70,000
$140,000
Operations/Logistics
5
1.7%
4
$117,200
$115,400
$108,000
$130,000
Other
2
0.7%
2
I /D
I /D
I /D
I /D
Total reporting
287
100%
281
$135,168
$135,000
$50,000
$200,000
Function
I /D: Fewer than three data points
FULL-TIME MBA EMPLOYMENT REPORT
08
CLASS OF 2019
North America Top Destination to Launch Post-MBA Careers Compensation by World Regions Region
Graduates Accepting New Employment
Graduates Reporting Salary
NUMBER
NUMBER
PERCENT
Mean Base Salary
Median Base Salary
Low Base Salary
High Base Salary
Africa
1
0.3%
0
I /D
I /D
I /D
I /D
Asia
8
2.8%
8
$121,875
$120,000
$70,000
$155,000
Europe
1
0.3%
1
I /D
I /D
I /D
I /D
Latin America/Caribbean
5
1.7%
5
$80,173
$81,315
$63,891
$94,800
North America
271
94.4%
266
$136,616
$135,000
$50,000
$200,000
Oceania
1
0.3%
1
I /D
I /D
I /D
I /D
Total reporting
287
100%
281
$135,168
$135,000
$50,000
$200,000
I /D: Fewer than three data points
UVA DARDEN SCHOOL OF BUSINESS
09
CLASS OF 2019
Transformed in Charlottesville, Ready to Lead Anywhere Compensation by Region: North America North America
Graduates Accepting New Employment
Graduates Reporting Salary
NUMBER
NUMBER
PERCENT
Mean Base Salary
Median Base Salary
Low Base Salary
High Base Salary
United States: Mid-Atlantic
54
18.8%
51
$131,153
$125,000
$50,000
$200,000
Midwest
21
7.3%
21
$129,559
$120,000
$100,000
$165,000
Northeast
89
31.0%
88
$142,645
$150,000
$100,000
$170,000
South
35
12.2%
35
$143,314
$150,000
$100,000
$165,000
Southwest
23
8.0%
23
$143,196
$150,000
$95,500
$173,000
West
49
17.1%
48
$126,417
$130,000
$80,000
$165,000
271
94.4%
266
$136,616
$135,000
$50,000
$200,000
Total North America
Note: No outcomes reported for Bermuda, Canada, Greenland, St. Pierre/Miquelon
FULL-TIME MBA EMPLOYMENT REPORT
10
CLASS OF 2019
94%
of Graduates Took a Job in the United States, With Opportunities Spread Across the Nation
31%
NORTHEAST $150,000
7%
17%
MIDWEST $120,000
WEST $130,000
19%
MID-ATLANTIC $125,000
8%
12%
SOUTHWEST $150,000
SOUTH $150,000
6%
INTERNATIONAL ASIA: $120,000 LATIN AMERICA AND CARIBBEAN: $81,315
% of students region median base salary
UVA DARDEN SCHOOL OF BUSINESS
11
CLASS OF 2019
Darden Students’ Academic Backgrounds Bring Diverse Skills to the Table Compensation by Undergraduate Major Undergraduate Major
Graduates Accepting New Employment
Graduates Reporting Salary
NUMBER
NUMBER
PERCENT
Mean Base Salary
Median Base Salary
Low Base Salary
High Base Salary
Technical
71
24.7%
70
$134,008
$130,000
$63,891
$173,000
Business
144
50.2%
141
$136,159
$142,000
$50,000
$170,000
Other
72
25.1%
70
$134,330
$130,000
$80,000
$200,000
Total reporting
287
100%
281
$135,168
$135,000
$50,000
$200,000
School Plays Key Role in Partnering with Students to Secure Full-Time Careers Primary Sources of Job Acceptances
82.2% School-Facilitated
17.8% Graduate-Facilitated
62%
of students in the class received full-time offers as a result of their summer internships
FULL-TIME MBA EMPLOYMENT REPORT
12
CLASS OF 2019
Darden Plus Career Experience Delivers Grads Ready to Lead Compensation by Professional Experience Professional Experience
Graduates Accepting New Employment
Graduates Reporting Salary
NUMBER
NUMBER
PERCENT
Mean Base Salary
Median Base Salary
Low Base Salary
High Base Salary
One year or less
2
0.7%
1
I /D
I /D
I /D
I /D
More than one year, up to three years
27
9.4%
27
$135,130
$130,000
$95,500
$170,000
More than three years, up to five years
147
51.2%
146
$137,064
$140,000
$62,000
$173,000
More than five years
111
38.7%
107
$133,062
$130,000
$50,000
$200,000
Total reporting
287
100%
281
$135,168
$135,000
$50,000
$200,000
I /D: Fewer than three data points
UVA DARDEN SCHOOL OF BUSINESS
Full-Time MBA Class of 2020 Internship Outcomes
14
CLASS OF 2020
First Years Gain Real-World Experience Across Industries Monthly and Weekly Internship Compensation by Industry Industry
Graduates Accepting New Employment
Graduates Reporting Salary
NUMBER
NUMBER
PERCENT
Mean Base Salary
Mean Weekly Salary
Median Base Salary
Median Weekly Salary
Consulting
85
26.4%
83
$11,582
$2,673
$12,333
$2,846
Consumer packaged goods
17
5.3%
17
$7,118
$1,643
$7,001
$1,616
Energy
5
1.6%
4
$4,378
$1,010
$3,423
$790
Financial services
80
24.8%
73
$10,514
$2,426
$12,500
$2,885
Health care (including products and services)
16
5.0%
13
$6,967
$1,608
$8,060
$1,860
Manufacturing
17
5.3%
16
$7,852
$1,812
$8,500
$1,962
I /D
I /D
I /D
Media/Entertainment
1
0.3%
1
I /D
Nonprofit
8
2.5%
5
$3,353
$774
$2,600
$600
Real estate
4
1.2%
4
$7,813
$1,803
$8,500
$1,962
Retail
6
1.9%
5
$7,276
$1,679
$7,083
$1,635
Technology
76
23.6%
69
$7,677
$1,772
$8,000
$1,846
Transportation/Logistics services
4
1.2%
4
$7,254
$1,674
$6,907
$1,594
Other
3
0.9%
2
I /D
I /D
I /D
I /D
Total reporting
322
100%
296
$9,312
$2,149
$9,208
$2,125
I /D: Fewer than three data points Note: Government and Hospitality Industry values were excluded due to having no data points. Note: Weekly salary is calculated by multiplying monthly salary by 12 and dividing that amount by 52
UVA DARDEN SCHOOL OF BUSINESS
15
CLASS OF 2020
Prepping for the C-Suite Starts in the First Year Monthly and Weekly Internship Compensation by Function Function
Graduates Accepting New Employment
Graduates Reporting Salary
NUMBER
NUMBER
PERCENT
Mean Base Salary
Mean Weekly Salary
Median Base Salary
Median Weekly Salary
Consulting
85
26.4%
82
$11,919
$2,751
$12,366
$2,854
Finance/Accounting
84
26.1%
76
$10,239
$2,363
$12,500
$2,885
General management
72
22.4%
62
$6,973
$1,609
$8,197
$1,892
Human resources
2
0.6%
2
I /D
I /D
I /D
I /D
Marketing/Sales
50
15.5%
47
$7,266
$1,677
$7,453
$1,720
Information technology
10
3.1%
9
$7,737
$1,785
$7,800
$1,800
Operations/Logistics
16
5.0%
16
$7,347
$1,695
$7,900
$1,823
I /D
I /D
I /D
$2,149
$9,208
$2,125
Other
3
0.9%
2
I /D
Total reporting
322
100%
296
$9,312
I /D: Fewer than three data points Note: Weekly salary is calculated by multiplying monthly salary by 12 and dividing that amount by 52
FULL-TIME MBA EMPLOYMENT REPORT
From Here to Anywhere
100 Darden Blvd, Charlottesville, VA 22903 USA darden.virginia.edu Career Development Center CareerDevelopment@darden.virginia.edu +1-434-924-7283