Georgetown University McDonough School of Business
2015
MBA EMPLOYMENT REPORT Where Outstanding Talent Meets Exceptional Opportunity
2 | 2015 2013 MBA EMPLOYMENT REPORT
EMPLOYMENT
Humphrey Wireko MBA ’15
Stephen West MBA ’15
Tonja Hardyman MBA ’15
Consultant,
Investment Banking Associate,
CEO and Founder,
BOSTON CONSULTING GROUP
JMP SECURITIES
BARKZY
“The Georgetown MBA Career Center was critical in finding my job. At the beginning, I was unsure what type of work I wanted to pursue. The Career Center staff helped me to balance my strengths and interests, made sure I was aware of opportunities, and helped prepare me for interviews. When I arrived, I thought my career search was limited to the United States, but I accepted an offer in Johannesburg, South Africa. The international aspects of Georgetown literally broadened my horizons.”
“I executed a difficult career change from Marine officer and federal management consultant to investment banking. As a part-time student, my fall internship with NovaHill Partners, which I obtained through the MBA Career Center, allowed me to demonstrate my commitment to future employers. My transition would not have been possible without the quality of education and career services at Georgetown McDonough.”
“Every entrepreneurship professor gave personalized guidance to help me decide whether pursuing my company was the right fit. Georgetown significantly enhanced my capabilities by deepening my analytical toolbox and strengthening the soft skills needed for leadership. I now have the confidence to speak with C-level executives by presenting data-driven analyses and using these same tools to guide my own company’s growth strategy.”
» HOMETOWN: WEST CHESTER, OHIO
» PRE-MBA CAREER: ASSOCIATE
» PRE-MBA CAREER: COMMISSIONER AIDE, PUBLIC UTILITIES COMMISSION OF OHIO
» MCDONOUGH INVOLVEMENT: BLACK MBA ASSOCIATION, CONSULTING
» HOMETOWN: CHARLOTTE, NORTH CAROLINA MANAGEMENT CONSULTANT, BOOZ ALLEN HAMILTON
»M CDONOUGH INVOLVEMENT: GRADUATE ASSISTANT
» FALL INTERNSHIP (EVENING PROGRAM
»H OMETOWN: SEBASTOPOL, CALIFORNIA
» PRE-MBA CAREER: PRODUCT MANAGEMENT, MARCARIA
» MCDONOUGH INVOLVEMENT: ADVENTURE CLUB; ENTREPRENEURSHIP CLUB;
CLUB, EMERGING MARKETS NETWORK,
STUDENT): INVESTMENT BANKING
GRADUATE MARKETING ASSOCIATION;
ENERGY AND CLEANTECH CLUB
INTERN, NOVAHILL PARTNERS
TECHNOLOGY, INNOVATION, AND
»S UMMER INTERNSHIP: SUMMER ASSOCIATE, CORE CAPITAL PARTNERS
}
DESIGN GRADUATE ASSOCIATION
»S UMMER INTERNSHIP: R&D PRODUCT MARKETING INTERN, SAMSUNG
Once a Hoya, always a Hoya. The MBA Career Center provides lifelong career support to our 8,000 Georgetown McDonough MBA alumni.
}
2015 MBA EMPLOYMENT REPORT | 3
As the premier destination for global business education, Georgetown University’s McDonough School of Business develops principled leaders with a global mindset to be in service to business and society. Our MBA students are among the world’s best and brightest. Ensuring their success is a top priority, whether
In the 2014-15 academic year, the MBA Career
they want to advance their careers or begin new ones.
Center facilitated more than 1,400 on-campus interviews, posted nearly 2,500 jobs, hosted 120 employer events, and held nearly 6,400 coaching appointments.
We are proud of our record of excellence. On these pages, you will discover the exceptional employment and internship opportunities offered to our current students and alumni. Learn more about how Georgetown McDonough’s MBA Career Center can help you establish the crucial relationships needed in the global market: msb.georgetown.edu/mba-career-center.
> EMPLOYMENT FULL-TIME OFFERS RECEIVED AND ACCEPTED BY THE CLASS OF 2015
Timing of Offers
}
Received Offer by Graduation
68% INTL
83% U.S.
78% Received Offer within Three Months of Graduation
89% 81% INTL
Timing of Acceptances
}
Accepted Offer by Graduation
61% INTL
78% U.S.
73% Accepted Offer within Three Months of Graduation
86% 76% INTL
FULL-TIME SALARY
Class of 2015 Averages
92% U.S.
90% U.S.
SIGNING BONUSES
} $108,789 $27,219 $110,184 U.S. | $104,822 INTL
7%
The average salary increased 7% from 2014
$26,757 U.S. | $28,542 INTL
80%
The percentage of students accepting jobs who received a signing bonus, a 17% increase from 2013
4 | 2015 MBA EMPLOYMENT REPORT
AVERAGE BASE SALARY BY INDUSTRY Consulting Consumer Products Financial Services
Full-Time Job Acceptances
}
28%
$120,071
7%
$ 99,083
33%
$111,118
Government
2%
-
Healthcare
4%
$102,000
Hospitality
3%
$ 75,625
Manufacturing & Transportation
4%
$ 93,400
Media, Entertainment, & Sports
2%
$ 82,500
Non-Profit & Social Impact*
5%
$ 92,333
Petroleum/Energy
1%
-
Real Estate
3%
$100,417
Technology
10%
$107,059
*Includes International Development To protect student privacy, salary information is reported for industries with three or more data points. Due to rounding, percentages do not add up to 100%.
In 2015, McDonough MBAs received record compensation, including significant increases in base salary and signing bonuses, those receiving signing bonuses, and the amount of paid internships. Nearly every industry saw gains in overall compensation from 2014.
EMPLOYMENT FACILITATED BY
Class of 2015 Full-Time Job Offer Source
}
SCHOOL
STUDENT
68%
27% 5% not reported
18%
JOB POSTINGS FOR MBA STUDENTS INCREASED 18% BETWEEN 2013-14 AND 2014-15
TOP GEORGETOWN MBA EMPLOYERS » Amazon » American Airlines » American Express » Bank of America Merrill Lynch » Bank of Montreal (BMO) » Citi
160
NUMBER OF MBAS HIRED FOR JOBS AND INTERNSHIPS BY FORTUNE TOP 100 MBA EMPLOYERS
Career Interests
}
» Cognizant » Deloitte » Ernst & Young (EY) » IBM » Johnson & Johnson » JPMorgan Chase » M&T Bank » PricewaterhouseCoopers (PwC) » Wells Fargo
» 70% of the Class of 2015 described themselves as career switchers. » The average salary for career switchers was $110,145 — $1,300 higher than the class average. » 72% of successful career switchers found their jobs through school sources.
2013 MBA EMPLOYMENT REPORT | 5 2015
EMPLOYMENT
Sam Chen MBA ’15
Vanessa Dumonet MBA ’15
Gabriel Leon MBA ’15
Assistant Brand Manager,
Presidential Management Associate, Marketing,
Inbound Demand Manager,
THE ESTÉE LAUDER COMPANIES
“Georgetown McDonough provided great exposure to a diverse student and faculty body and gave me the opportunity to visit a foreign country to learn how to do business. In addition, the MBA Career Center helped me focus on industries, my resume, interview prep, and how to plan my search in the United States. They also connected me to external resources that helped me succeed in my job search.”
RECKITT BENCKISER
“At Georgetown, I acquired the tools, skills, and knowledge I need to advance my career in marketing. In addition, the MBA Career Center coaches and peer advisors did an incredible job supporting me during the recruiting process by perfecting my resume, improving my interview skills, and connecting me with the alumni network. The Georgetown alumni network played a big role, giving me insights into the companies that I was interested in and providing guidance along the way.” » HOMETOWN: TAIPEI CITY, TAIWAN
“Our on-campus resources, professors, peer support, networking, and alumni helped me find the best internship and job placement, and the MBA Career Center was pivotal in those searches. I made use of various coaches and peer advisors as I sought out advice in narrowing my search and developing an interview prep plan. They also connected me with a recent graduate who was critical in helping me to ultimately secure my position at Estée Lauder.”
»P RE-MBA CAREER: MARKETING
» HOMETOWN: NEW YORK, NEW YORK
EXECUTIVE, GENERAL MILLS
»M CDONOUGH INVOLVEMENT: ASIAN BUSINESS CONSORTIUM, GRADUATE MARKETING ASSOCIATION, STUDENT
» PRE-MBA CAREER: PRACTICE DEVELOPMENT ASIA LEAD, ROPES & GRAY LLP
»M CDONOUGH INVOLVEMENT: FORTÉ
GOVERNMENT ASSOCIATION,
FELLOW, GRADUATE ASSISTANT,
ULTIMATE 4
GRADUATE MARKETING ASSOCIATION,
»S UMMER INTERNSHIP: MBA MARKETING INTERN, ELI LILLY & CO.
PEER ADVISOR, WOMEN IN BUSINESS
»S UMMER INTERNSHIP: SUMMER ASSOCIATE, CITI
»H OMETOWN: BUENOS AIRES, ARGENTINA
»P RE-MBA CAREER: BUSINESS DEVELOPER, MOBILEYE
» MCDONOUGH INVOLVEMENT: LATIN AMERICAN BUSINESS ASSOCIATION, INSITE FELLOW
»S UMMER INTERNSHIP: SMB SALES MANAGER, GOOGLE
6 | 2015 2013 MBA EMPLOYMENT REPORT
SUMMER INTERNSHIPS
Amuche Nwokolo MBA ’16
Aaron Bothner MBA ’16
Coral Taylor MBA ’16
Analyst Fellow,
Summer Investment Associate,
EDUCATION PIONEERS
AVALONBAY COMMUNITIES
MBA Intern, Category Brand Management
“At Georgetown there is an openness and awareness of cultural diversity. The school provides an enabling environment for learning and exploring other cultures both in and out of the classroom. Faculty and administrators were supportive and constantly provided feedback that helped me better position myself during my internship search. Georgetown McDonough prepared me to be proactive from the start, with a clear goal to identify target employers and develop an action plan for the recruitment process.”
“I will never forget when Dean Thomas told a room of admitted students that business should be a force for good in the world — that is the moment I decided to enroll at Georgetown McDonough. That vision, the global MBA program, and the extremely dedicated faculty make Georgetown a special place. During my internship search, my career coach was critical to my success. She made sure I was prepared for every part of the process. And I was impressed at how well she stayed in touch with alumni so McDonough’s relationships in the real estate industry keep growing.”
STARBUCKS
»H OMETOWN: BOULDER, COLORADO
»H OMETOWN: PRUNEDALE, CALIFORNIA »P RE-MBA CAREER: SENIOR PROGRAM
»H OMETOWN: ABAGANA, NIGERIA »P RE-MBA CAREER: BUSINESS MANAGER, DUN AND BRADSTREET
»M CDONOUGH INVOLVEMENT: CONSULTING CLUB, FINANCE CLUB, MBA VOLUNTEERS, STUDENT AMBASSADOR, WOMEN IN BUSINESS
»P RE-MBA CAREER: LEADERSHIP DEVELOPMENT MANAGER, TEACH FOR AMERICA
»M CDONOUGH INVOLVEMENT:
“Georgetown helped me develop the marketing acumen necessary to compete with other MBAs for a Starbucks internship. I am a career switcher from nonprofit program management to brand management in corporate America. The career coaches helped me craft my resume and refine how to talk about my experiences through a marketing lens. I didn’t realize how much relevant experience I had until I met with a coach. The coursework in accounting, marketing, and strategy also prepared me for company research and interviews.”
MANAGER, KIPP FOUNDATION
»M CDONOUGH INVOLVEMENT: CONSORTIUM FELLOW,
REAL ESTATE SOCIETY, STUDENT
ENTREPRENEURSHIP CLUB,
GOVERNMENT ASSOCIATION
GRADUATE MARKETING ASSOCIATION, INSITE FELLOW
2015 MBA EMPLOYMENT REPORT | 7
MBA students begin our best-in-class career curricula program the summer before they arrive with the MBA Career Ignition Summer Webinar Series. Throughout their first year, our program guides students through critical career milestones, ensuring they are employer-ready for internship interviews and offers.
> INTERNSHIPS AVERAGE MONTHLY CASH COMPENSATION
Class of 2016 Compensation
STUDENTS SEEKING AN INTERNSHIP WHO RECEIVED ONE
99%
} $6,337 $6,651 U.S. | $5,709 INTL 6% increase from 2014
91% of internships were paid
INTERNSHIPS FACILITATED BY
Class of 2016 Offer Source
}
SCHOOL
68%
Consulting
}
31% 1% not reported
TOP GEORGETOWN MBA INTERN EMPLOYERS
PERCENT OF CLASS BY INDUSTRY
Class of 2016 Internships
STUDENT
15%
Consumer Goods & Retail
9%
Energy & Clean Tech
2%
Entertainment, Media, & Sports
4%
Financial Services
31%
Government
2%
Healthcare
7%
Hospitality
2%
Manufacturing & Transportation
4%
Not-for-Profit & Social Impact*
7%
Real Estate
5%
Technology
12%
Other
» Amazon » American Express » Bank of America Merrill Lynch » Citi » Deloitte » Ernst & Young (EY) » Groupe Nduom » Johnson & Johnson » JPMorgan Chase » PricewaterhouseCoopers (PwC) » Samsung » SC Johnson & Son » Wells Fargo
1%
*Includes International Development
COUNTRIES OF INTERNSHIP EMPLOYMENT » Chile » China » Egypt » Ghana » Singapore » South Africa » Thailand » Trinidad and Tobago » Turkey » United Arab Emirates » United States
MBA Career Center Georgetown University McDonough School of Business Rafik B. Hariri Building, Suite 285 37th and O Streets, NW Washington, DC 20057 mbacareercenter@georgetown.edu (202) 687-3741 msb.georgetown.edu/mba-career-center @MSBGU_MBACareer
This report conforms to the MBA Career Services & Employer Alliance for Reporting MBA Employment Statistics.