2022 EMPLOYMENT REPORT
VANDERBILT MBA
TO FRIENDS AND ASSOCIATES OF VANDERBILT BUSINESS:
I am happy to share the Vanderbilt MBA Class of 2022 full-time employment outcomes and the Class of 2023 internships. After navigating the past 2 years of disruption and uncertainty from the pandemic, Vanderbilt students experienced a robust MBA job market and achieved excellent results.
A primary reason a student will embark on an MBA degree is to transition a career path to a new industry or job function. Many of our students have made such a career transition this year, and below are a few of the highlights from the 2021-2022 academic year:
n Employment rates were very strong. By graduation in mid-May, 90% of the job-seeking Class of 2022 had received a full-time offer of employment, and 87% had accepted an offer. Also worth noting, 52% of accepted full-time offers came as a result of a conversation during a summer internship. At 3 months post-graduation, 97% of the Class of 2022 had received a full-time offer, with 95% of the class reporting they had accepted the employment offer.
n MBA compensation continued to grow across industries and job functions. Average MBA base salary increased 12% in 2022 to $139,711, with a median base salary of $135,000. The Class of 2022 also saw a significant increase in signing/starting bonuses, with the average bonus up 24% to $34,262 and median to $30,000.
n 100% of first years seeking a summer internship secured a role. Once again, the first-year MBA class was 100% successful in securing internships with 120 different companies. Approximately 50% of the Class of 2023 secured an internship in consulting and financial services, driving mean internship compensation up 20% to $9,723 per month.
As the world rebounds from the pandemic, we have been fortunate to engage with a record number of employer partners who continue to value Vanderbilt MBA graduates for their leadership and collaboration. We are ever grateful to these employer partners, as well as to our alumni that remain engaged with the MBA program and happily participate in career programming to share insight and guidance. As we begin the 2022-2023 academic year, we look forward to staying connected with you all throughout the next year.
Sincerely, Emily Anderson Senior Director, Career Management Center Vanderbilt Owen Graduate School of Management
$139,711 97% 172
is the average starting base salary for the MBA Class of 2022
of the Class of 2022 received an offer by 3 months postgraduation companies hired members of the Classes of 2022 and 2023
CLASS OF 2022 Full-Time Employment Statistics
Salary Data
Total Class Average Median Low High Base Salary*
U.S. Citizen/Permanent Resident $ 139,629 $ 135,000 $ 80,000 $ 180,000 Foreign National $ 141,025 $ 136,300 $ 93,000 $ 175,000
Total $ 139,711 $ 135,000 $ 80,000 $180,000
Signing Bonus**
U.S. Citizen/Permanent Resident $ 33,298 $ 30,000 $ 4,500 $ 90,145 Foreign National $ 47,994 $ 47,500 $ 10,000 $ 85,300 Total $ 34,262 $ 30,000 $ 4,500 $ 90,145
*Salary report is based upon usable salary information for 92% of those graduates who accepted a job. **89% of graduates reporting base salary also reported receiving a signing bonus.
Job Function Percent Average Median Low High
Business/Data Analytics 5% $ 122,113 $ 127,500 $ 80,000 $ 140,000 Consulting 34% $ 149,813 $ 165,000 $ 90,000 $ 180,000 Finance/Accounting 21% $ 149,503 $ 160,000 $ 90,000 $ 180,000 General Management 8% $ 136,836 $ 132,600 $ 130,000 $ 150,000 Human Resources 3% $ 116,820 $ 115,000 $ 100,000 $ 144,100 Information Technology 1% Insufficient Data Marketing 15% $ 117,611 $ 120,000 $ 87,000 $ 140,000 Operations Management 8% $ 133,350 $ 131,300 $ 105,000 $ 175,000 Other 4% $ 136,880 $ 130,000 $ 119,400 $ 175,000
Job Function: Detail Percent Average Median Low High Consulting Management/Strategy 31% $ 151,681 $ 165,000 $ 90,000 $ 175,000 Internal 3% $ 132,333 $ 122,500 $ 92,000 $ 180,000
Finance/Accounting Corporate Finance 5% $ 111,942 $ 122,500 $ 90,000 $ 122,500 Investment Banking/Cap. Markets 9% $ 173,077 $ 175,000 $ 150,000 $ 175,000 Investments/Private Wealth 7% $ 144,667 $ 160,000 $ 92,000 $ 180,000
General Management General Services 2% $ 147,533 $ 145,000 $ 132,600 $ 165,000 Leadership Development Program 6% $ 134,600 $ 132,600 $ 130,000 $ 150,000 Marketing Brand/Product Management 10% $ 114,692 $ 116,000 $ 87,000 $ 140,000 General 5% $ 125,200 $ 121,000 $ 115,000 $ 140,000
Operations Management Supply Chain 3% $ 140,400 $ 132,000 $ 105,000 $ 175,000 Other 5% $ 128,229 $ 130,000 $ 115,000 $ 140,000
Class of 2022
Class
Top Hiring Companies: Number of Graduates Hired
Amazon.com, Inc. 12 EY 10 PwC 7 Deloitte 6 Boston Consulting Group, Inc. 4 BofA Securities, Inc. 3 Jefferies Group LLC 3
Source of Accepted Offers
School-Facilitated Activities Internship (Originally Through School-Facilitated Activity) 50% Job Postings via Owen/Resume Books 13% Interviews Scheduled via Owen 7% School Network (Alumni/Faculty/Class Referrals, Class Speakers, Projects) 7% Activities Supported by Career Center (Job Fairs, Treks, Interview Events) 5% Total 83%
Graduate Facilitated Activities Personal Network (Family and Friends) 7 % Online Job Posting 5 % Other Student-Initiated Activities 3% Internship (Originally Through GraduateFacilitated Activity) 2 % Total 17%
Timing of Offers & Acceptances
By 3 Months By Graduation After Graduation May 2022 August 2022
Job Offers # % # %
U.S. Citizen/ Perm. Resident 134 92% 142 98% Foreign National 8 67% 10 83%
Total 142 90% 152 97%
Job Acceptances
U.S. Citizen/ Perm. Resident 129 89% 139 96%
Foreign National 7 58% 10 83%
Total 136 87% 149 95%
This report conforms to the MBA Career Services and Employer Alliance standards for reporting MBA employment statistics
of 2022 Employment by Job Function n 34% Consulting n 21% Finance/Accounting n 15% Marketing n 8% Operations Management n 8% General Management n 5% Business/ Data Analytics n 4% Other n 3% Human Resources n 1% Information Technology
Employment by Industry n 34% Consulting n 20% Financial Services n 17% Technology n 13% Healthcare n 9% Consumer Products n 3% Manufacturing n 3% Real Estate n 1% Nonprofit n 1% Other
Salary Data
Industry Percent Average Median Low High
Consulting 34% $ 150,833 $ 165,000 $ 90,000 $ 175,000 Consumer Products 9% $ 115,273 $ 115,000 $ 105,000 $ 125,000
Financial Services 20% $ 153,407 $ 160,000 $ 92,000 $ 180,000
Healthcare 13% $ 125,868 $ 130,000 $ 80,000 $ 150,000 Manufacturing 3% $ 126,774 $ 127,500 $ 122,096 $ 130,000
Nonprofit 1% Insufficient Data
Real Estate 3% $ 115,000 $ 120,000 $ 100,000 $ 125,000 Technology 17% $ 128,622 $ 130,000 $ 87,000 $ 180,000
Other 1% Insufficient Data
North American Geographic Region Percent Average Median Low High
Mid-Atlantic (PA, MD, VA, WV, DE, DC) 3% $ 175,000 $ 175,000 $ 175,000 $ 175,000
Midwest (WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL) 13% $ 138,533 $ 130,000 $ 80,000 $ 175,000
Northeast (ME, VT, NY, NH, CT, MA, NJ, RI) 17% $ 147,629 $ 150,000 $ 92,000 $ 180,000
South (NC, SC, KY, TN, GA, FL, AL, AR, MS, LA) 42% $ 137,660 $ 132,500 $ 87,000 $ 175,000 Southwest (CO, AZ, TX, OK, NM) 9% $ 132,861 $ 125,000 $ 90,000 $ 175,000
West (CA, HI, WA, OR, AK, MT, ID, UT, NV, WY) 16% $ 138,687 $ 132,600 $ 115,000 $ 180,000
Nashville Metro 26% $ 131,980 $ 130,000 $ 87,000 $ 175,000
Undergraduate Major Percent Average Median Low High
Business 46% $ 142,819 $ 145,000 $ 80,000 $ 180,000
Technical 22% $ 135,210 $ 132,600 $ 92,000 $ 175,000
Other 32% $ 138,330 $ 130,000 $ 90,000 $ 180,000
Professional Experience Percent Average Median Low High
One year or less 1% Insufficient Data
More than one year, up to three years 22% $ 141,933 $ 140,000 $ 87,000 $ 180,000
More than three years, up to five years 36% $ 140,804 $ 140,000 $ 80,000 $ 180,000
More than five years 42% $ 138,432 $ 131,250 $ 92,000 $ 175,000
Class of 2022 Profile
Upon Enrollment*
Class Size 182 Women 32% International Students 14% Minorities (% of U.S. Citizens) 21%
*Based on class as of September 2020.
Post-Graduation
# of Graduates 179 # of Graduates Seeking Employment 157 Received Offer Within 90 Days 97%
Accepted Employment Within 90 Days 95%
# of Graduates Not Seeking Employment 19 % of Graduates Not Seeking Employment 11% Company Sponsored/Family Business 6%
Continuing Education 3%
Starting New Business 1%
Other Reasons 1%
% of Graduates Reporting Information on Employment 98% # of Graduates Not Reporting Information on Employment 3
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Geographic Data
Top Metro Areas:
Number
Nashville
Chicago
Graduates
Continental United States
World Regions: Percent of Graduates Hired North America 99% Asia 1%
of
Hired
39 New York 25 Atlanta 11
11 Charlotte 7 Dallas-Fort Worth 7 Los Angeles 7 Seattle 7 San Francisco 6
Northeast 17% Mid-Atlantic 3% South 42% Southwest 9% Midwest 13% West 16%
CLASS OF 2023 Internship Statistics
Internship Salary Data
Mean Monthly Salary $9,723
Median Monthly Salary $9,393
Monthly Salary Range $1,733-$15,903
Monthly
Job Function Percent Average Median Low High
Business/Data Analytics 9% $ 6,725 $ 6,587 $ 2,600 $ 9,663 Consulting 33% $ 12,177 $ 13,750 $ 3,000 $ 15,167
Finance/Accounting 17% $ 10,085 $ 11,053 $ 1,733 $ 15,417
General Management 9% $ 8,936 $ 9,176 $ 5,600 $ 10,417 Human Resources 6% $ 8,006 $ 8,333 $ 6,413 $ 9,583 Marketing 12% $ 8,125 $ 8,040 $ 6,646 $ 10,000 Operations 6% $ 7,921 $ 7,367 $ 3,467 $ 15,167 Other 9% $ 7,748 $ 6,933 $ 2,253 $ 15,903
Industry Percent Average Median Low High
Consulting 30% $ 12,921 $ 13,758 $ 3,000 $ 15,167
Consumer Products 7% $ 8,053 $ 7,800 $ 7,083 $ 9,500 Financial Services 20% $ 10,387 $ 10,417 $ 1,800 $ 15,417 Healthcare/Pharma/Biotechnology 17% $ 7,624 $ 8,000 $ 4,333 $ 9,583 Manufacturing 4% $ 7,822 $ 8,500 $ 3,467 $ 10,400 Media/Entertainment 2% $ 4,507 $ 2,600 $ 2,253 $ 8,667
Real Estate 5% $ 4,933 $ 5,000 $ 1,733 $ 6,933
Technology 13% $ 8,330 $ 8,667 $ 3,300 $ 10,400 Other 4% $ 13,096 $ 15,383 $ 8,000 $ 15,903
Geographic Region Percent Average Median Low High
International 1% Insufficient Data Mid-Atlantic 1% Insufficient Data
Midwest 13% $ 9,848 $ 9,533 $ 3,000 $ 14,583
Northeast 21% $ 10,914 $ 10,511 $ 3,175 $ 15,167
South 40% $ 8,811 $ 8,000 $ 1,733 $ 15,383
Southwest 10% $ 12,313 $ 13,750 $ 4,333 $ 15,167
West 12% $ 9,773 $ 8,833 $ 5,720 $ 15,903
Nashville Metro 25% $ 7,198 $ 6,873 $ 1,733 $ 14,555
Class of 2023 Profile
Total Students 185 100%
Students Not Reporting Data 1 1% Students Not Seeking an Internship 16 9 % Students Seeking an Internship 168 91% Students Accepting an Internship 168 100 %
Source of Internship Offers
School-Facilitated Activities
Job Postings via Owen/Resume Books 40 % Activities Supported by the CMC 20 % Interviews Scheduled via Owen 18% School Network (Alumni/Faculty/Class Referrals, Class Speakers, and Projects) 6% Total 84 %
Student-Facilitated Activities
Personal Network (Family and Friends) 9 % Online Job Postings 6% Other Student-Initiated Activities 1% Total 16%
Top Metro Areas: Number of Interns*
Nashville 42 New York 29 Atlanta 13 Chicago 9 Charlotte 8 San Francisco 7 Boston 6 Los Angeles 6 Dallas-Fort Worth 5 St. Louis 5 Seattle 4
* Internship location reflects what students reported when they accepted their offers.
Top Hiring Companies: Number of Interns
“T he collaborative mindset and skills that candidates from Vanderbilt bring to the table are critical to success in the consulting role. These skills—combined with their overall business knowledge, creative problem solving, strong drive, and integrity—are a large part of the reason that Vanderbilt MBA graduates continue to shape successful long-term careers within BCG .
SARAH BERHALTER
Boston
Deloitte 8 Amazon.com, Inc. 7 PwC 7 EY 6 L.E.K. Consulting 5 McKinsey & Company 5 Bain & Company 3 BofA Securities, Inc. 3 Citigroup Inc. 3 Davita 3 EY-Parthenon 3 Johnson & Johnson Family of Companies 3 Mars Petcare 3 Medtronic 3 Wells Fargo Corporate & Investment Banking 3 West Monroe Partners 3
Number Percent
”
Partner at
Consulting Group, Inc.
Accenture
Activision Blizzard
Adobe Inc. *
AJ Capital Partners
AlixPartners
Amazon.com, Inc.*
Amazon Web Services, Inc.* American Express
AMSURG.*
AmSurg
Ancore Health
Ankura Consulting Group, LLC
Apex Health Solutions* Apple Inc.
Asurion, LLC
automotiveMastermind
Bain & Company
Bass, Berry & Sims PLC
Bernhard Capital Partners Management LP
BMO Capital Markets
BofA Securities Inc.*
Boston Consulting Group, Inc.
Brunswick Corporation Cain Brothers & Company, LLC
Canaccord Genuity Group Inc. Chewy, Inc.
Cigna
Cisco Systems, Inc. Citigroup, Inc.* Citizens Capital Markets, Inc.
ClearView Healthcare Partners
Cognizant
Cold Bore Capital Management
Compass Group Equity Partners Corestream*
Cottage Software Credit Suisse Group AG
Currax Pharmaceuticals LLC*
Daily Crunch Snacks
Dassault Systemes Americas Corp.* DaVita
Deloitte
Diageo North America Inc. Direct Supply DISH Network Corporation
DocuSign, Inc. Draper James E. & J. Gallo Winery EDP Renewables North America* Edward Jones Edwards Lifesciences Eli Lilly and Company* Emerson
Endodontic Practice Partners EnerSys* Expedia Group, Inc. * Experian Health, Inc. EY* EY-Parthenon FedEx Corporation Fiserv, Inc.
FTI Consulting, Inc. Genentech* Genuine Parts Company GEP Worldwide* Goldman Sachs & Co. LLC* Google LLC Hanesbrands Inc. Harris Williams & Co. HP Inc. Humana Inc. Incept Data Solutions, Inc.* Infosys Limited Intuitive Surgical, Inc. Jefferies Group LLC* JLL Technologies* Johnson & Johnson Family of Companies*
JPMorgan Chase & Co. KBC Advisors
Keurig Dr Pepper Inc. Kirkland & Ellis LLP Koch Equity Development Labcorp
Lazard Ltd L.E.K. Consulting LG
Liberty Mutual Group LinkedIn Corporation Live Oak Merchant Partners Lyra Technology Group
M&T Bank Corporation Mars Petcare Mastercard Inc. Mattel, Inc.* McKesson Corporation McKinsey & Company* Medtronic Merck & Co., Inc. Microsoft Corporation Mitsubishi Chemical America Monroe Carell Jr. Children's Hospital at Vanderbilt Morgan Stanley MorganFranklin Consulting MTS Health Partners, L.P.* Nashville Capital Network Nashville Superspeedway NCR Corporation* Nicol Investment Company Nike, Inc. Nissan North America, Inc. Nuvera Life Science Optum, Inc. OS National, LLC PA Consulting Group Pacific Life Insurance Company PayPal PepsiCo, Inc. PIMCO
Piper Sandler Companies Plank Technologies Inc. Porsche Consulting PwC*
Radiology Partners Raytheon Technologies Corporation Sagemont Real Estate* Salseforce, Inc.
Samsung Group S.C. Johnson & Son, Inc. Silicon Ranch Corporation Simon-Kucher & Partners Sims-Lohman Skanska USA Commercial Development Slalom Consulting
Smurfit Kappa North America LLC Spirits of Tennessee Stephens Inc.*
Summit Leadership Partners Sylvan Health
TD Securities
The Chartis Group
The Clear Blue Company
The Daily Wire
The Holistic Connection
The Kraft Heinz Company
The Mechanical Licensing Collective
The Perot Museum of Nature and Science
TheMathCompany
Thermo Fisher Scientific Inc.
Titan Holdings Toray Industries, Inc.
Toyota Motor Corporation U.S. Bancorp
Universal Music Group University Health Truman Medical Center Unum Group Varma Capital Ventas, Inc.
Veteran Ventures Capital VMware, Inc. Walmart Inc. Wayfair Wefunder
Wells Fargo Corporate & Investment Banking West Monroe Partners Workday, Inc. Workiva, Inc. Worthview Capital Yoshi ZS Associates
Career Management Center Vanderbilt University Owen Graduate School of Management 401 21st
Nashville, TN
Hours: 8:00 AM to 5:00 PM CT Telephone: 615.322.4069 Fax: 615.343.4661 Email: owencmc@vanderbilt.edu
business.vanderbilt.edu Vanderbilt University is committed to principles of equal opportunity and affirmative action. Vanderbilt®, Vanderbilt University® and the Vanderbilt logos are trademarks of The Vanderbilt University. REV. 11/22.
Avenue South
37203-2422
*Indicates an employer that hired at least one candidate on a student visa. Employers Class of 2022 (full-time) and Class of 2023 (internship)