2020 MSF Employment Report

VANDERBILT MS FINANCE

2020

EMPLOYMENT REPORT

F R I E N D S A N D A S S O C I AT ES , I am honored to present the Vanderbilt Master of Science in Finance Class of 2020 Employment Report. The Vanderbilt MSF program had another strong year for employment outcomes, despite the unprecedented circumstances surrounding COVID-19 and its subsequent economic impact.

Strong employment outcomes: The MSF program reached high levels of employment outcomes in the fall and winter, with 70 percent of the class receiving offers by February.

Early employment success allowed many students to support classmates who were still seeking jobs through the spring. During an unexpectedly challenging time, our students showed resilience, flexibility, and great hustle. They embodied what sets our students apart—showing eagerness for opportunities and humility through the recruiting process. This hard work from our students, employer partners, alumni, and career center resulted in 95 percent offers of employment within 3 months of graduation (98 percent at 6 months) during an incredibly challenging year.

80,000

$

is the median base salary for the MSF Class of 2020

Committed employer and alumni partners: We are extremely grateful to our employer partners who exhibited great care and concern for our MSF students overthe last year.

A large majority of our employers honored their full-time offers while creating flexible start times and remote working locations to prioritize health and safety. A total of 42 employers hired our MSF students, with 8 of those employers hiring 36 percent of the class. We are thrilled to see multiple students land at the same company. More than one third of students received offers through alumni referrals, which demonstrates the continued commitment of our alumni network.

Excellent outcomes in diverse paths and geographies: MSF students from the Class of 2020 are spread across the U.S. (with one student in China) and in a variety of career paths. A total of 27 students (49 percent of the class) entered investment banking upon graduation. Other graduates accepted positions in a variety of functions, including investment management, real estate, consulting, corporate finance, and private equity.

As we wrap up our 15th year of the Vanderbilt MSF program, we continue to be one of the most established and well-respected programs in the country, with an active and invaluable alumni base. A loyal and accessible alumni network is essential in today’s competitive job market, and we would not be able to achieve these strong employment outcomes without the support of our dedicated Vanderbilt alumni.

Our focus on networking and early career programming (MSF job search preparation launches months before classes begin) give our students a key competitive advantage.

I am incredibly proud of how the Vanderbilt MSF Class of 2020 graduates navigated an unprecedented year while launching their careers, supporting each other, and giving back to their communities. I look forward to continuing this strong track record with the Class of 2021.

Sincerely,

Megan Nichols Senior Associate Director, Career Management Center Vanderbilt University | Owen Graduate School of Management

95

%

of the Class of 2020 accepted an offer within 3 months of graduation

10,000

$

in the median signing bonus received by the Class of 2020

CLASS OF 2020

Full-Time Employment Statistics Salary Data

Class of 2020 Profile

Total Class

Average Median Low Base Salary* U.S. Citizen/Permanent Resident $ 77,860 $ 80,000 $ 60,000 Foreign National $ 73,250 $ 80,000 $ 40,000 Total $ 77,137 $ 80,000 $ 40,000 Signing Bonus** U.S. Citizen/Permanent Resident $ 8,500 $ 10,000 $ 2,000 Foreign National $ 11,667 $ 12,500 $ 5,000 Total $ 9,014 $ 10,000 $ 2,000

High $ 115,000 $ 85,000 $ 115,000 $ 30,000 $ 20,000 $ 30,000

*Salary report is based upon usable salary information on 94% of those graduates who accepted a job. **73% of graduates who reported base salary also reported receiving a signing bonus.

Upon Enrollment Class Size 64 Program Delivery Method On-Campus Length of Program in Months 10 Average Years of Work Experience 1.5 Age Range 20-28 Women 25% Underrepresented Minorities 20% Average GMAT Score 693 Average Undergraduate GPA 3.69

Job Function

Percent Investment Banking 49% Investment and Research 18% Financial Consulting and Advisory 13% Management Consulting 7% Corporate Finance 5% Private Equity 4% Real Estate Finance 4%

Post-Graduation # of Graduates % of Graduates Seeking Employment Received Offer Within 6 Months Accepted Employment Within 6 Months % of Gradutes Not Seeking Employment % of Graduates Reporting Information on Employment # of Graduates Not Reporting Information on Employment

Geographic Region Mid-Atlantic (DE, DC, MD, PA, VA, WV ) Midwest (IL ,IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, WI ) Northeast (CT, ME, MA, NH, NJ, NY, RI, VT) South (AL, AR, FL, GA, KY, LA, MS, NC, SC, TN) Southwest (AZ, CO, NM, OK, TX) West (AK, CA, HI, ID, MT, NV, OR, UT, WA, WY)

Source of Accepted Offers

11% 4% 32% 37% 3% 11%

Nashville Metro 7% Asia 2%

Timing of Offers & Acceptances

Offers/Accepted Offers/Accepted

Offers/Accepted By 3 Months By 6 Months

Number By Graduation After Graduation After Graduation

Seeking Number Percent Number Percent Number Percent Job Offers U.S. Citizen/Permanent Resident 47 40 85% 44 94% 46 98% Foreign National 8 8 100% 8 100% 8 100% Total 55 48 87% 52 95% 54 98%

Job Acceptances U.S. Citizen/Permanent Resident 47 Foreign National 8 Total 55

36 7 43

77 40 85 46 98 88% 8 100% 8 100% 78% 48 87% 54 98% %

%

%

Accounting for Students

Permanent Non-Permanent Total

Work Work Program

Authorization Authorization Graduates Seeking Employment 47 8 55 Not Seeking Employment Company-Sponsored or Already Employed 0 0 0 Continuing Education 0 1 1 Not Seeking for Other Reasons 6 0 6 Starting a New Business 0 0 0 No Recent Information Available 2 0 2 Total Graduates 55 9 64

64 98% 98% 11% 97% 2

School-Facilitated Activities Owen Network (Alumni/Faculty Referral) On-Campus Interviews Job Posting/Resume Drop Other School-Supported Activities Internship Conversion Total

35% 15% 11% 9% 2% 72%

Graduate-Facilitated Activities Internet Job Posting/Social Media Other Student-Initiated Activities Personal Network (Family and Friends) Total

13% 9% 6% 28%

Top Metros New York 14 Atlanta 7 Charlotte 7 Nashville 4 San Diego 4

Top Hiring Companies Alvarez & Marsal Brandes Investment Partners BlackArch Partners Cambridge Associates Sumitomo Mitsui Banking Corporation UBS

5 3 2 2 2 2

This report conforms to the MBA Career Services & Employer Alliance Standards for Reporting Specialty Masters Employment StatisticsŠ.

L I ST O F E M P LOY E R S Access Holdings Management Company Alvarez & Marsal* Analysis Group BlackArch Partners BofA Securities* Bowstring Advisors Brandes Investment Partners Cain Brothers Cambridge Associates China Mobile

Cohen & Co Configure Partners Croft & Bender CVS Health Deloitte Consulting Deloitte Corporate Finance* Deutsche Bank Goldman Sachs & Co. Harris Williams & Co. Houlihan Lokey* IHS Markit Ltd.

Institutional Life Services Jefferies Group Link Industrial Properties Markham Capital Partners M-III Partners MTS Health Partners, L.P. New Constructs* Northrop Grumman Objective Capital Partners Oppenheimer & Co. PwC

Raymond James Financial Regions Financial Corporation Robert W. Baird & Co. Spectrum Companies Sumitomo Mitsui Banking Corporation* SVB Leerink The Lenox Group Truist Securities UBS Wellington Management

*Indicates an employer that hired at least one candidate on a student visa

The Class of 2020 Work Across the Nation (and Beyond)

Northeast 32% Midwest 4%

West 11%

Southwest 3%

Vanderbilt University Owen Graduate School of Management 401 21st Avenue South Nashville, TN 37203-2422

Mid-Atlantic 11%

South 37%

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Asia 2%