VANDERBILT MS FINANCE
2021
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 2021 Employment Report. The Vanderbilt MSF program had a record year for employment outcomes. It was another challenging year for students, faculty, and staff with the continued disruptions and impact surrounding COVID-19. Students choose the Vanderbilt MSF degree to achieve career goals in fields such as investment banking, equity research, and consulting, and the Class of 2021 did just that. Here are a few highlights: Record employment outcomes: The MSF program reached record-high levels of employment, with 100% of the class receiving offers by graduation and 100% accepting a job within 6 months of graduation. This class is the first to achieve this outcome in the MSF program at Vanderbilt. Our students once again exemplified what sets an MSF student apart, showing eagerness for opportunities and humility through the recruiting process. We want to congratulate our students for achieving such a milestone!
85,000
$
is the median base salary for the MSF Class of 2021
Alumni partners: We continue to be grateful to our alumni partners. They tirelessly engage with the career center, students, and each other, not only sharing job opportunities but assisting with mock interviews, resume reviews, networking, and so much more. Twenty-two percent of MSF offers for the Class of 2021 came through alumni referrals. The success of the MSF program would not be possible without the loyal and accessible alumni network and the accomplishments they have achieved to lay a foundation for the students who follow. Median salary increase bolstered by investment banking outcomes: The median salary for our 2021 MSF graduates increased by 6%, landing at $85,000. This salary sets a new record for the program. The boost can be attributed to the increased investment banking salaries across Wall Street, which in turn sparked increased salaries within other fields. Fifty-six percent of students from the Class of 2021 entered a career in investment banking spread across the U.S. and in the U.K. Other students launched challenging careers in consulting, investment management, real estate finance, business valuation, private equity, and venture capital. I am incredibly proud of the Vanderbilt MSF Class of 2021. They worked exceptionally hard, engaged early with the career center, set a record for the school, and have already begun giving back to the Class of 2022. It has been my absolute pleasure to serve the MSF program and its students. Sincerely,
Megan Nichols Senior Associate Director, Career Management Center Vanderbilt University | Owen Graduate School of Management
100
%
of the Class of 2021 accepted an offer within 6 months of graduation
10,000
$
is the median signing bonus received by the Class of 2021
CLASS OF 2021
Full-Time Employment Statistics Salary Data
Class of 2021 Profile
Total Class Average Median Low Base Salary* U.S. Citizen/Permanent Resident $ 83,370 $ 85,000 $ 49,000 Foreign National $ 95,000 $ 95,000 $ 75,000 Total $ 84,585 $ 85,000 $ 49,000 Signing Bonus** U.S. Citizen/Permanent Resident $ 7,949 $ 10,000 $ 2,500 Foreign National $ 11,000 $ 10,000 $ 10,000 Total $ 8,254 $ 10,000 $ 2,500
High $ 125,000 $ 110,000 $ 125,000 $ 12,000 $ 15,000 $ 15,000
*Salary report is based upon usable salary information on 93% of those graduates who accepted a job. **75% of graduates who reported base salary also reported receiving a signing bonus.
Job Function Percent Investment Banking 56% Management Consulting 11% Financial Consulting and Advisory 10% Investment and Research 7% Private Equity/Venture Capital 7% Corporate Finance 4% Real Estate Finance 3% Other 2%
Geographic Region Mid-Atlantic (DC, DE, MD, PA, VA, WV) Midwest (IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, SD, WI) Northeast (CT, MA, ME, 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)
1% 11% 38% 35% 7% 7%
Nashville Metro 10% United Kingdom 1%
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 65 65 100% 65 100% 65 100% Foreign National 7 7 100% 7 100% 7 100% Total 72 72 100% 72 100% 72 100%
Job Acceptances U.S. Citizen/Permanent Resident 65 Foreign National 7 Total 72
63 7 70
97% 64 98% 65 100% 100% 7 100% 7 100% 97% 71 99% 72 100%
*Official reporting date is six months post graduation; however, the majority of results were achieved by three months.
Class Job-Seeking Profile Permanent Non-Permanent Total Work Work Program Authorization Authorization Graduates Seeking Employment 65 7 72 Not Seeking Employment Company-Sponsored/Family Business 0 0 0 Continuing Education 0 0 0 Postponing Job Search 0 0 0 Starting a New Business 1 1 2 Other Reasons (Joint degree JD/MSF students) 7 1 8 No Recent Information Available 1 0 1 Total 74 9 83
Upon Enrollment Class Size 83 Program Delivery Method On Campus Length of Program in Months 10 Average Years of Work Experience .47 years Age Range 20-26 Women 18% Underrepresented Minorities 15% Average GMAT Score 688 Average Undergraduate GPA 3.64 Post-Graduation # of Graduates % of Graduates Seeking Employment Received Offer Within 3 Months Accepted Employment Within 6 Months % of Graduates Not Seeking Employment % of Graduates Reporting Information on Employment # of Graduates Not Reporting Information on Employment
83 100% 100% 12% 99% 1
Source of Accepted Offers School-Facilitated Activities Owen Network (Alumni/Faculty Referral) Job Posting/Resume Drop Other School-Supported Activities On-Campus Interviews Total
22% 19% 13% 11% 65%
Graduate-Facilitated Activities Personal Network (Family/Friends) Internet Job Posting/Social Media Internship Other Student-Initiated Activities Total
18% 7% 7% 3% 35%
Top Metros New York 26 Atlanta 11 Nashville 7 Chicago 5 San Francisco 4
Top Hiring Companies Truist Financial Corporation Alvarez & Marsal Jefferies Group LLC Citi Deutsche Bank Houlihan Lokey, Inc. McKinsey & Company Piper Sandler & Co PwC Raymond James Financial SVB Leerink
5 4 4 2 2 2 2 2 2 2 2
This report conforms to the MBA Career Services & Employer Alliance Standards for Reporting Specialty Masters Employment Statistics©.
L I ST O F E M P LOY E R S AgFirst Farm Credit Bank Alvarez & Marsal* Ashford Inc Bain & Company Barclays plc BlackArch Partners BofA Securities, Inc.* Brown Gibbons Lang & Company LLC BTIG Cambridge Associates Carrick Capital Partners* CCG Advisors Chardan Capital Markets LLC Citi*
Deutsche Bank* Duff & Phelps Eastdil Secured Harris Williams & Co. Houlihan Lokey, Inc. Insight Partners Jefferies Group LLC* JPMorgan Chase & Co. KPMG Lincoln International LLC McKinsey & Company* Mitsubishi UFJ Financial Group* Moelis & Company MSC Industrial Supply Co.
Navistar International Corporation Nephila Capital Norwest Venture Partners Oppenheimer Holdings Pickering Energy Partners Piper Sandler & Co. PwC Raymond James Financial Raytheon Technologies Corporation Riverside Insights Roark Capital Group RubinBrown ServisFirst Bank SLB Capital Advisors
Stephens Inc. Stout Risius Ross, LLC. SVB Leerink TIAA Truist Financial Corporation TVV Capital UBS Vanderbilt University VMG Health Wells Fargo Corporate & Investment Banking Whirlpool Corporation Ziegler
*Indicates an employer that hired at least one candidate on a student visa
The Class of 2021 Works Across the Nation (and Beyond)
Northeast 38% Midwest 11%
West 7%
Southwest 7%
Vanderbilt University Owen Graduate School of Management 401 21st Avenue South Nashville, TN 37203-2422
Mid-Atlantic 1%
South 35%
Hours: 8:30 AM to 5:00 PM CT Telephone: 615.322.6469 Fax: 615.343.1175 Email: msfinance@vanderbilt.edu Web: business.vanderbilt.edu/msfinance
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United Kingdom 1%