MBA EMPLOYMENT REPORT CLASSES OF 2015 & 2016 DARDEN
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1 MBA EMPLOYMENT REPORT CLASSES OF 2015 & 2016 DARDEN
2 CLASS OF 2015 Full-Time Employment Data EMPLOYMENT REPORT Darden is pleased to present employment data for the Classes of 2015 and We are proud to be among the top business schools where recruiters seek MBA talent. At Darden, we are passionately committed to the success of every student and engage with recruiters to achieve the best fit and yield of MBA talent. This year, the Darden Career Development Center provided personalized career management support to over 800 MBA students as they considered internship and post-graduate career opportunities with almost 300 domestic and international employers. Please let us know how we can meet your talent needs. Additional in-depth employment information can be found at recruiters-companies/hire-an-mba/employment-reports/. Sincerely, Chequeta Allen Assistant Dean for Career Development For more information, please contact The Career Development Center at , or visit our website at COMPENSATION BY GEOGRAPHY REGION INTERNATIONAL NORTHEAST MID-ATLANTIC MIDWEST SOUTH SOUTHWEST WEST % of students 6% 33% 20% 9% 11% 9% 12% $112,333 $123,350 $116,232 $117,270 $121,251 $124,601 $115,726 EDUCATION EXPERIENCE IN THE WORLD FOR 5 YEARS IN A ROW (The Economist) MOST SATISFIED BUSINESS SCHOOL GRADUATES (Forbes) GENERAL MANAGEMENT (Financial Times) No.3 PLACEMENT SUCCESS (U.S.) (Financial Times) No.5 NEW CAREER OPPORTUNITIES (The Economist) CLASS PROFILE Enrolled 316 Women 30% Men 70% Minority Students 16% Asian, Alaskan or Pacific Islander 9% Black/African-American 3% Hispanic 3% International 29% Countries Represented 31 Average Age at Entry 27 Work Experience 100% GMAT Under % % % Above % Median 710 Mean 706 UNDERGRADUATE GPA Not Calculated 30% Less than % % % Mean 3.5 UNDERGRADUATE MAJOR Business Administration 30% Economics 16% Engineering/Science/Math 28% Humanities/Social Science 26% GEOGRAPHIC DISTRIBUTION Mid-Atlantic 37% Midwest 6% Northeast 28% South 14% Southwest 8% West 7% 1
3 CLASS OF 2015 JOB SOURCE SCHOOL-FACILITATED ACTIVITIES Scheduled Interviews On Grounds 27 TIMING OF JOB First Offer by Graduation Accept by Graduation First Offer Between Graduation and 3 Months out Accept Between Graduation and 3 Months out Total Offers Total Accepts Consortia Events 2 School-Facilitated Internships 44 Job Fairs 1 Resume Books, Resume Referrals, Web Resumes 1 Permanent Work Authorization Non-Permanent Work Authorization Total Graduates Seeking Employment Job Postings 3 Alumni Referrals 2 Other School-Facilitated Activities 4 Total School-Facilitated Activities 85 Total Graduate-Facilitated Activities 15 *Percentages have been rounded and may not total 100. COMPENSATION BY INDUSTRY INDUSTRY SIGNING BONUS Consulting 29 $137,039 $26,073 Consumer Packaged Goods 7 102,632 21,875 Energy 2 111,400 18,750 Financial Services ,215 38,733 Investment Banking ,358 45,288 Post-MBA Job Function Other Marketing 10% 6% 31% Consulting Investment Mgmt/Portfolio Mgmt 4 111,444 15,714 Other Financial Services 7 113,529 27,500 Government 1 90,374 15,000 Manufacturing 5 107,642 22,917 Nonprofit/Education 1 101,250 N/A Pharma/Biotech/Health Care 4 95,000 16,929 Based on the Class of 2015 Percentages have been rounded and may not total 100 General Management 22% 31% Finance Real Estate 1 106,667 30,000 Technology ,005 30,763 Other 5 113,775 14,889 COMPENSATION BY JOB FUNCTION TOTAL 100%* $119,819 $29,634 Class of 2015: Statistics for full-time positions received during the academic year, reported in U.S. dollar equivalents and based on data provided by the students. Data are complete as of 30 September This report conforms to the MBA Career Services Council Standards for Reporting MBA Employment Statistics. Base Salary: Figures based on reported job acceptances not including bonuses, overtime or any other forms of compensation. Approximately 95% of job-seeking Darden students accepted full-time employment within three months of graduation. JOB FUNCTION SIGNING BONUS Consulting (includes internal) 32 $133,929 $26,656 Finance ,177 38,945 Corporate Finance 9 113,884 32,159 Investment Banking ,609 45,444 Investment Management 3 110,625 22,000 Other Financial Services 3 113,125 32,500 General Management ,861 22,678 Business Development/ Strategic Planning Executive Development/ Leadership Program 4 106,859 14, ,929 25,020 Operations 2 120,600 31,200 Other General Management 6 102,107 17,143 Marketing ,180 23,482 Other 6 108,636 24,000 TOTAL 100%* $119,819 $29,634 3
4 CLASS OF 2016 Internship Employment Data CLASS PROFILE Enrolled 324 Women 32% Men 68% Minority Students 16% Asian, Alaskan or Pacific Islander 6% Black/African-American 4% Hispanic 6% Native American 0% International 29% Countries Represented 31 Average Age at Entry 27 Work Experience 100% GMAT Under % % % Above 760 9% Median 710 Mean 706 UNDERGRADUATE GPA Not Calculated 32% Less than % % % Mean 3.5 UNDERGRADUATE MAJOR Business Administration 35% Economics 18% Engineering/Science/Math 27% Humanities/Social Science 20% INTERNSHIP COMPENSATION BY INDUSTRY INDUSTRY WEEKLY INCOME Consulting 22 $2,484 Consumer Packaged Goods 11 1,516 Energy 1 1,457 Financial Services 30 2,121 Investment Banking 16 2,372 Investment Mgmt/Portfolio Mgmt 3 1,919 Other Financial Services 11 1,604 Manufacturing 7 1,633 Media/Entertainment Nonprofit/Education Pharma/Biotech/Health Care 3 1,398 Real Estate Technology 16 1,600 Transportation 2 1,419 Other 2 1,860 TOTAL 100%* $1,900 Class of 2016: Statistics for internship positions received during the academic year, reported in U.S. dollar equivalents and based on data provided by the students. Data are complete as of 30 September This report conforms to the MBA Career Services Council Standards for Reporting MBA Employment Statistics. Base Salary: Figures based on reported job acceptances not including bonuses, overtime or any other forms of compensation. INTERNSHIP COMPENSATION BY JOB FUNCTION JOB FUNCTION WEEKLY INCOME Consulting (includes internal) 26 $2,296 Finance 31 2,098 Corporate Finance 8 1,698 Investment Banking 16 2,370 Investment Management 4 1,836 Other Financial Services 2 2,044 General Management 23 1,468 Business Development/Strategic Planning 6 1,116 Executive Development/Leadership Program 6 1,978 Operations 3 1,646 Other General Management 9 1,320 Marketing 14 1,556 Other 4 1,470 TOTAL 100%* $1,900 GEOGRAPHIC DISTRIBUTION Mid-Atlantic 36% Midwest 5% Northeast 30% South 11% Southwest 8% West 10% 16% 44% Our students are increasingly drawn to the tech industry. 16% of internships for the Class of 2016 were in the technology sector, continuing a steady increase over the past several years. Summer internships can give your company a head start. 44% of the accepted offers reported by the Class of 2015 were secured through summer internships. 5
5 Mailing Address Career Development Center University of Virginia Darden School of Business P. O. Box 6550 Charlottesville, Virginia USA Shipping Address 100 Darden Boulevard Charlottesville, Virginia USA Contact Career Development Center Fax Darden School General Information darden.virginia.edu/recruiters-companies Join our LinkedIn group Darden MBA Recruiting Follow us on
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