MBA EMPLOYMENT REPORT 20 20
FULL -TIME
&
E VE NING
MBA
For Employers
Resilience. That is the word I would choose to describe this year’s graduating MBA class. The Georgia Tech Scheller MBA Class of 2020 displayed remarkable resilience and achieved outstanding employment success in the face of all the obstacles and disruptions caused by the pandemic. Along with exemplifying resiliency during this uncertain time, Scheller MBA graduates continue to show employers how hard-working, focused, and positive they are, which is so important in this ever-changing world. Statistics are wonderful – they let one compare ‘apples to apples’ – but at Scheller, we’re not driven by statistics. What drives us are personal, human stories and the dreams and ambitions of each individual student and how much we believe in each and every student. Because of that, it is our goal to make the recruiting and hiring process of Scheller MBA students as seamless and streamlined as possible.
David Deiters Executive Director, Jones MBA Career Center Georgia Tech Scheller College of Business
1
Due to the Covid-19 pandemic, employers worldwide faced dramatic changes in daily operations, strategic planning, and hiring. Georgia Tech Scheller MBA graduates are trained and prepared to create value and leverage opportunities for their employers, especially in times of uncertainty and volatility. Our Class of 2020 graduates proved their worth in the global marketplace, securing a high percentage of job offers. For Full-time MBA Spring 2020 graduates, 90.4 percent of those seeking employment were employed three months after graduation.
2
At the Intersection of Business & Technology Established more than a century ago, the Georgia Tech Scheller College of Business has received a lot of attention in the business world in recent years. Strategically positioned at the intersection of business and technology, Scheller prides itself on developing principled, forward-thinking leaders who use technology as their vehicle for creating value, driving innovation, and improving the human condition. In recent years, our Full-time and Evening MBA cohorts have grown in both academic caliber and diversity of makeup — aligning with employers’ needs for top-tier talent. Employers look to Scheller to provide principled business leaders who are analytically skilled and entrepreneurially minded, ready to take on the challenges the future of work present.
Unparalleled Career Services Despite the economic downturn and changing business landscape, the Class of 2020 was ready and prepared to face the challenge, equipped with top-ranked career services from the MBA Jones Career Center. Jones MBA Career Center advisors work with MBA students to turn their dreams into reality, during a global pandemic or not. With a 31:1 ratio of students to career advisor, the Center is keenly aware of the changing interests of job-seeking MBA candidates and the evolving needs of MBA employers. Quality of career services played an integral part in helping the Class of 2020 navigate a constantly changing career landscape. Career center advisors created playbooks for their students to cope with the Covid-19 crisis. One of the playbooks was directly targeted to students who experienced rescinded offers and the other covered how to approach virtual
TOP 5 Career Services in the World The Financial Times
3
TOP 5
Best MBA Graduates for Innovation & Creativity Bloomberg Businessweek
100%
Internship Placement
Curriculum for a Tech-Driven World The Scheller Full-time and Evening MBA programs offer specialized concentrations and immersive tracks in addition to its 21-credit core curriculum. Specializations are not required but can serve as helpful guides to navigating elective coursework and signifying areas of specialty to future employers. In addition to traditional academic concentrations, Scheller MBAs can pursue immersive tracks to develop deep expertise in emerging areas through hands-on projects with Fortune 500 companies, nonprofits, incubators, and startups. Guest speakers, networking events, and industry panels help round out the experiential learning experience.
#1 Technology Innovation •
Leveraging Analytics
Leading Digital
Technology Innovation:
•
Business Analytics
•
Leading Digital Transformation
Generating Economic Results
•
Computational Finance
•
Managing Technology Products
(TI:GER) •
Leading New Ventures
•
Innovating for Sustainability
•
Supply Chain Innovation
Unique Experiential Learning Opportunities With 12 practicum courses, MBA students gain experience putting classroom knowledge to the test against real-world issues and problems. Scheller’s location plays means it is in constant collaboration with the Atlanta and Tech Square network, developing mutually beneficial relationships with Fortune 500 companies, startups, and innovation centers. Partnering organizations assist with practicums, capstone projects, and international trips that allow students to leverage classroom learning to tackle business issues and to eventually bring that expertise into future roles.
Dual Degrees Our digital-first, tech-driven work environment needs a new type of leader with technology know-how, solid business acumen, and an entrepreneurial mindset. Scheller’s dual MBA degree program options allows students to combine an MBA with an MS or PhD degree in programs within the Colleges of Engineering, Computing, and Design. Pairing an MBA with another Georgia Tech graduate degree allows students to gain specialized expertise and a unique blend of skills to add increased value to their organizations.
4
Tech Savvy, Business Smart Talent
Dynamic and Diverse Students At Scheller, we pride ourselves on the quality of student we bring into our programs. With an emphasis on community and inclusion, the Full-time and Evening MBA programs foster a sense of collaboration and camaraderie over cut-throat competition. Scheller’s mix of MBAs from technical and non-technical backgrounds provides employers with a diverse pool of strong candidates. Scheller has earned a reputation among corporate recruiters for providing candidates with leadership skills, strong work ethic, excellent analytical abilities, and demonstrated ability to succeed. This year’s incoming students brought expertise spanning a variety of professional and educational backgrounds. Of note is that half of this year’s incoming Full-time MBA students have an educational background in STEM. Also, this year’s incoming Evening MBA class is made up of 41 percent women, making it the highest proportion of women enrolled in the program’s history.
5
Full-time MBA Class of 2022 Academics Average Undergrad GPA 3.3
Class Profile Women 33%
Average Years of Work Experience
Underrepresented U.S. Minorities
5
Average GMAT 680
23%
International 22%
GMAT 80% Range 584-736 GRE Verbal Average 158 GRE Quantitative Average
159
Educational Background
Pre-MBA industries Manufacturing/Engineering 17.2% Other 13.8% Technology 13.8% Consulting 10.3%
35% Engineering/Computer Science 17% Business/Management 15% Humanities 11% Sciences 11% Social Sciences 7.6% Economics 4.5% Other
Education
8.6%
Financial Services
8.6%
Government
6.9%
Consumer Products
5.2%
Non-profit
3.4%
Petroleum/Energy
3.4%
Real estate/Construction
3.4%
Transportation/Logistics
3.4%
Pharma/Biotech/Healthcare
1.7%
Evening MBA Class of 2022 Academics Average Undergrad GPA 3.3
Class Profile Women 41%
Average Years of Work Experience
Underrepresented U.S. Minorities
7.5
19%
Average GMAT 630 GMAT 80% Range 570-710 GRE Verbal Average 158 GRE Quantitative Average
156
Educational Background 39% Business/Economics 35% STEM 18% Humanities/Social Studies 8%
Other
6
It’s All About Career Impact Full-time MBA Class of 2020 In today’s world, MBA programs must harness both technology and business to remain relevant. The Georgia Tech Scheller MBA program prepares students to tackle demanding business challenges in a digital-first, tech-focused world. Students learn how to frame and solve complex problems, use analytical skills to assess opportunities, and lead with impact. In recent years, Scheller MBA graduates have grown in both academic caliber and diversity — aligning with needs for top-tier talent at some of the world’s most innovative companies.
90.4%
32% Technology
EMPLOYMENT
26% Consulting Services
AT 3-MO. POST GRADUATION
10 % Financial Services 9% Transportation/ Logistics
EMPLOYMENT by
INDUSTRY
8% Retail
$121,045
6%
Healthcare
6%
Consumer Products
3% Other
AVERAGE BASE SALARY
27% Consulting 20% Marketing/Sales 18% Operations/ Logistics
83.1% SIGNING BONUS GRADUATES RECEIVING
EMPLOYMENT by
FUNCTION
15% Management 10% Info Tech 5% Finance/Accounting 5% Other
$
25,040
20%
AV E R A G E S I G N I N G B O N US
GRADUATES ENTERING TECH OR
CONSULTING INDUSTRIES SINCE 2015:
50%+
This data is derived from responses from 98% of the Full-time MBA graduating Class of 2020.
7
10%
2016
2018
2020
POST-MBA ROLES IN WEST REGION
Evening MBA Class of 2020 Georgia Tech Scheller Evening MBA students enter into the program with a variety of goals – whether it’s career growth through promotions, making a career pivot, or transitioning to a leadership role. The Jones MBA Career Center offers full career services support for Evening MBA students, helping students make significant changes across company, level, function, and industry both during and after the program. While looking at the Evening MBA program’s employment outcomes, it’s important to remember that students are typically employed throughout the program and a change in employment outcome can occur at any time or multiple times during the program. The Evening MBA Class of 2020 is defined as those students graduating in August 2019, December 2019, and May 2020, and this snapshot is based upon employment status four months post-graduation.
75% 47% 46% 37% Graduates Changed Job Levels
Graduates Changed Companies
Graduates Changed Functions
Graduates Changed Industries
24% Technology 12% Consulting 9% Transportation/ Logistics 7% Government 7%
Financial Services
6%
Healthcare
EMPLOYMENT by
INDUSTRY
6% Manufacturing 29% Other
16% Operations/ Logistics 15% Info Tech 13% Marketing/Sales 12% Consulting 12% Finance
EMPLOYMENT by
FUNCTION
10% Management 22% Other
This data is derived from responses from 54% of the Evening MBA graduating Class of 2019 - 2020.
8
How to Engage as an Employer The Jones MBA Career Center team takes a hands-on approach with employers to make recruiting and meeting with our MBA students as productive as possible. Our concierge approach includes an assigned Corporate Relations Manager who will help employers design and implement a custom Scheller MBA recruiting strategy. The Center offers a variety of corporate engagement options that provide access to Scheller’s extraordinary students, faculty, and exceptional learning opportunities to advance your company’s goals.
Recruiting Scheller MBAs We will work closely with you to build a plan that meets your needs. We do not charge employers for resume books, job postings, interviews, or on-campus information sessions. We coordinate job postings and on-campus events through our online MBA recruiting system. If you are interested in posting positions, scheduling on-campus recruiting activities, or conducting on-campus interviews, please contact the MBA Corporate Relations Manager assigned to your organization or: Kelley Broome MBA Corporate Relations Manager 404.894.2620 kelley.broome@scheller.gatech.edu Recruiting semesters Full-time positions: Fall Internship positions: Spring
Virtual & On-Campus Recruiting
200+
Active Job Seekers
Coffee Chats Information Sessions Interviews Networking Events Office Hours Job Postings Resume Books Virtual Recruiting
MBA Clubs
Scheller MBA students are involved in a variety of clubs that provide opportunities for them to obtain leadership experience in business-related extracurricular activities. Employers can gain access to these clubs and their members by hosting networking opportunities and sponsoring career building events. Blacks in Business Business Analytics Club Consulting Club Entrepreneurship Club Finance Club
9
Healthcare Club Marketing Club Net Impact Operations Club Scheller Pride
Strategy and Innovation Club Technology Club Veterans Club Women in Business
“The UPS Marketing team hires a select group of MBAs each year, and Scheller is a consistent source of top-notch talent. With their ability to quickly assess a situation and build an effective plan to take action, Scheller MBA graduates have proven to be an excellent fit in our corporate culture and have a strong track record of making valuable contributions from day one.” Kelly Brock Director of Marketing, UPS
“Scheller MBAs demonstrate strong technical competence and business judgement, which aligns closely with our Leadership Principles. I continue to be impressed by the caliber of talent that Scheller candidates bring to our organization.” Brian Stout Regional Director, Operations, Amazon
“AlixPartners’ results-driven, senior-led consulting model requires a combination of analytical smarts, real-world experience, and clientreadiness in our MBA hires. Scheller has proven to be a consistently solid partner in helping achieve our firm’s goal of recruiting top talent with proven track records who are ready to deliver for our clients when it really matters.” C. Jerry Wang Director, Senior Vice President, AlixPartners
10
11
Our Partnerships
45
Unique Class of 2020 Employers
9
Major Industries
Here are just some of the companies that recruit Georgia Tech Scheller MBA graduates: AB InBev Accenture AlixPartners Amazon American Express Apple AT&T Autodesk Bain & Company Bank of America Capgemini Capital One Chewy The Coca-Cola Co. Delta Air Lines Deloitte
E. & J. Gallo Emerson EY Fiserv Ford Gartner General Mills Google The Home Depot Honeywell IBM Strategy Consulting Johnson & Johnson Kearney Kimberly-Clark KPMG LexisNexis
LinkedIn McKinsey Microsoft MorganFranklin Navy Federal Credit Union Nike OneTrust PepsiCo PwC ScottMadden UPS Verizon Visa VMware Walmart Western Digital
12
Scheller College of Business 800 West Peachtree Street NW, Suite 400 Atlanta, Georgia 30308 404.385.2254 scheller.gatech.edu