2020 Full-Time MBA Employment Report - Rice University
2020FULL-TIME MBAEMPLOYMENTREPORTJones Graduate School of Business
JOB ACCEPTANCE PERCENTAGES 88.8% accepted offers within 3 months of graduation (92% in 2019) Graduates with Permanent Work Authorization: 89.2% within 3 months of graduation Graduates without Permanent Work Authorization: 87.5% within 3 months of graduation 75.7% accepted offers by graduation (81.6% in 2019)COMPENSATION 123,786 average base salary ( 124,798 in 2019) Permanent Work Authorization: 124,469 average base salary ( 125,000 median base salary) Non-Permanent Work Authorization: 121,476 average base salary ( 130,000 median base Salary) Average Signing Bonus: 33,828 (up from 26,529 in 2019)TOP INDUSTRIES1. Consulting (24.5%)2. Financial Services (22.3%)3. Technology (20.2%)4. Petroleum/Energy (12.8%)TOP HIRING COMPANIES1. Amazon, Dell (6 each)2. EY (5)3. Citigroup (4)4. Barclays, Capital One, Deloitte Consulting (3 each)CLASS OF 2020EMPLOYMENTHIGHLIGHTS1ADDITIONAL HIGHLIGHTS Largest number accepting roles in Technology (20.2%) industry in last 5 years Largest number accepting Marketing/Sales (16.1%) roles in last 5 years Largest number accepting jobs in the Northeast (6.4%) in last 5 years Smallest number accepting jobs in the Southwest (66%) in the last 5 years Largest number accepting jobs in the West (13.8%) in the last 5 years2
“My favorite moment so far wasgetting the phone call that I hadreceived an internship. So muchnetworking and preparation wentinto landing the job that I felt veryproud of myself. The best part wasthat it was not just me who got tocelebrate. My classmates and theCDO — both of whom were thereevery step of the way — got tocelebrate too.Matthew WilsonFull-time MBA, Class of 2021Associate Intern, MBASimmons Energy2020 GRADUATING CLASS PROFILEWork Authorization CategoriesINTENTIONALLY SMALL. VERIFIABLY GREAT.Permanent Work AuthorizationNon-Permanent Work AuthorizationTotal Full-Time MBA Graduates8324107Company-sponsored; alreadyemployed011Continuing Education000Postponing Job Search202Starting a new business314Not seeking for other reasons202Total Not Seeking Employment729Seeking EmploymentNot Seeking Employment3No Recent Information Available112Total Graduates9127118100Percent Internships88.8Percent Accepted Offers Within 3Months of Graduation124KAverage Starting Salary74Percent Student AcceptedOffers Through SchoolFacilitated Activities4
TIMING OF FIRST JOB OFFERSTotal SeekingEmploymentFirst Offer by GraduationFirst Offer After Graduation and by ThreeMonths After GraduationHave Not Reported Receiving an Offerby Three Months After ermanent t WorkAuthorization241875.0%312.5%312.5%Total GraduatesSeeking Employment1078377.6%1312.1%1110.3%TIMING OF FIRST JOB ACCEPTANCESTotal SeekingEmploymentFirst Offer Accepted byGraduationAccepted Job After Graduation and byThree Months After GraduationHave Not Reported Accepting a Job byThree Months After ermanent ntWork Authorization241875.0%312.5%312.5%Total GraduatesSeeking Scheduled Interviews on or off campus for full-time employment55.4%Activities supported by career center (i.e. job fairs/conferences, employer events, information meetings, school promoted job boards)1415.2%Conversion of Internship; Internship obtained through School sources3538.0%As an international student, transitioning your career in a new countrycan be challenging. Rice provided me with the necessary connections andsupport to successfully transition my career from wholesale distributionto management consulting.Job Postings on school career systems, resume books, resume referrals by career center33.3%Other School-facilitated source55.4%Beatriz Aguirre MirelesFull-Time MBA, Class of 2020Senior Consultant - Strategic FinanceDeloitte Consulting5PRIMARY SOURCE OF FULL-TIME JOB ACCEPTANCESSCHOOL-FACILITATED ACTIVITIESSchool network/resources (i.e. faculty referrals, alumni referrals, classmates, campus speakers, treks, club events, class projects)66.5%Total School-facilitated Activities6873.9%Personal contacts (i.e. previous employers, family, friends outside of school, etc.)66.5%Conversion of internship; internship obtained through graduate-initiated sources44.3%Online job postings (i.e. social media/LinkedIn, Indeed, company websites)1010.9%Other graduate-facilitated sources44.3%Total Graduate-facilitated Activities2426.1%Total92100.0%No Response by Graduate30.0%GRADUATE-FACILITATED ACTIVITIES6
COMPENSATION REPORT – BASE SALARYNumber ReportingSigning/Starting BonusInformationPercent ReportingSigning/Starting Bonus (2)InformationMeanMedianLowHighPermanent Work Authorization5070.4% 33,130 35,000 2,500 70,000 160,000Non-Permanent Work Authorization1781.0% 35,882 35,000 4,000 105,000 170,000Total Reporting Signing/Starting Bonus6772.8% 33,828 35,000 2,500 105,000Number Reporting BaseSalary InformationPercent Reporting BaseSalary (1) InformationMeanMedianLowHighPermanent Work Authorization7195.9% 124,469 125,000 56,596 170,000Non-Permanent Work Authorization21100% 121,476 130,000 60,000Total Reporting Base Salary9296.8% 123,786 125,000 56,596(1) Divides number of students reporting Base Salary by the number of students reporting accepting a position.7COMPENSATION REPORT – SIGNING/STARTING BONUS(2) Divides number of students reporting useable Signing/Starting Bonus information by the number of students providing base salary information.8
COMPENSATION BY PROFESSIONAL FUNCTIONSFunctionGraduates Accepting New Employment Graduates Reporting Salary Mean Base Salary Median Base Salary Low Base Salary High Base SalaryNumberPercentNumberConsulting2122.6%21 141,818 155,000 80,000 170,000Finance/Accounting3032.3%30 128,067 127,500 60,000 150,000General Management1111.8%11 108,700 113,000 56,596 170,000Human Resources11.1%0I/DI/DI/DI/DInformation 15 119,160 125,000 60,000 151,000Operations/Logistics33.2%3 116,667 130,000 80,000 140,000Other1111.8%11 102,273 102,000 60,000 130,000Total Reporting93100%92 123,786 125,000 56,596 170,000COMPENSATION BY INDUSTRIESIndustry9Graduates Accepting New Employment Graduates Reporting SalaryMean BaseSalaryMedian BaseSalaryLow BaseSalaryHigh BaseSalaryNumberPercentNumberConsulting Services2324.5%22 138,682 147,500 60,000 170,000Consumer Products44.3%4 115,850 110,500 102,000 140,400Financial Services2122.3%21 136,619 150,000 60,000 .2%3 115,000 120,000 100,000 y1212.8%12 108,425 114,000 80,000 %4 104,000 107,000 82,000 120,000Real Estate22.1%2I/DI/DI/DI/DTechnology1920.2%19 122,842 128,000 90,000 151,000Other22.1%2I/DI/DI/DI/DTotal Reporting94100%92 123,786 125,000 56,596 170,00010
WORLD REGION BREAKDOWNRegionGraduates Accepting New EmploymentGraduates ReportingSalaryMean BaseSalaryCOMPENSATION BY REGION: NORTH AMERICAMedian BaseSalaryLow BaseSalaryHigh DAsia00%0I/DI/DI/DI/DEurope00%0I/DI/DI/DI/DLatin America & theCaribbean00%0I/DI/DI/DI/DNorth America94100%92 123,786 125,000 56,596 170,000Oceania00%0I/DI/DI/DI/DTotal Reporting94100%92 123,786 125,000 56,596 170,00011North American Sub-regionsGraduates Accepting NewEmploymentGraduates ReportingSalaryMean BaseSalaryMedian BaseSalaryLow BaseSalaryHigh BaseSalaryNumberPercentNumberMid-Atlantic66.4%6 125,195 129,000 99,172 138,000Midwest55.3%5 102,200 111,000 60,000 115,000Northeast66.4%6 131,733 130,200 110,000 150,000South11.1%1I/DI/DI/DI/DSouthwest6266.0%61 125,782 125,000 56,596 170,000West1313.8%13 121,769 130,000 80,000 151,000Total North America94100%92 123,786 125,000 56,596 170,00012
CLASS OF 2020 TOP HIRING COMPANIESCOMPENSATION BY UNDERGRADUATE MAJORUndergraduateMajorGraduates Accepting New EmploymentGraduates ReportingSalaryMean BaseSalaryMedian BaseSalaryLow BaseSalaryHigh BaseSalaryNumberPercentNumberTechnical4143.2%41 122,466 123,000 60,000 170,000Business2223.2%20 129,809 127,500 75,000 170,000Other3233.7%31 121,645 125,000 56,596 170,000Total Reporting95100%92 123,786 125,000 56,596 170,000COMPENSATION BY PROFESSIONAL EXPERIENCEProfessional ExperienceGraduates Accepting New EmploymentGraduates ReportingSalaryMean BaseSalaryMedian BaseSalaryLow BaseSalaryHigh BaseSalaryNumberPercentNumberOne year or less66.3%6 124,167 132,500 80,000 170,000More than one year, upto three years1313.7%13 105,515 115,000 56,596 155,000More than three years,up to five years3132.6%31 121,812 120,000 60,000 170,000More than five years4547.4%42 130,843 130,000 60,000 170,000Total Reporting95100%92 123,786 125,000 56,596 170,000AMAZON INC.* .6EXPONENT* .1DELL*.6GOLDEN SECTION TECHNOLOGY .1ERNST & YOUNG* .5GOLDMAN SACHS .1CITIGROUP BANKING, CAPITAL MARKETS AND ADVISORY.4GOOGLE.1BARCLAYS GLOBAL MARKETS/INVESTMENT BANKING.3HAGERTY CONSULTING.1CAPITAL ONE*.3INGENERO .1DELOITTE CONSULTING*.3J.P. MORGAN PRIVATE BANK .1ALVAREZ & MARSAL .2JOHNSON & JOHNSON.1CHEVRON .2KAHUNA WORKFORCE SOLUTIONS .1EDP RENEWABLES .2KOKUA EDUCATION .1EXXON MOBIL.2KOLM POLYMERS, LTD .1EY-PARTHENON.2MCKINSEY & COMPANY.1HPE*.2MEMORIAL HERMANN .1INFOSYS CONSULTING.2MOELIS & COMPANY .1JP MORGAN CHASE & CO. .2NRG ENERGY.1MORGAN STANLEY.2OPPORTUNE .13M .1PHILLIPS 66 .1ACCENTURE STRATEGY.1PROCTER & GAMBLE.1ALIXPARTNERS .1REPUBLIC SERVICES .1ANHEUSER-BUSCH.1SAGE EQUITY PARTNERS .1APPLE*.1SCOTIABANK GLOBAL BANKING AND MARKETS .1ASTRAZENECA.1TMC BIODESIGN .1AUTODESK* .1TRANSOCEAN.1BHP BILLITON* .1TRAVIS COUNTY .1BRISTOL-MYERS SQUIBB .1TRITEN REAL ESTATE PARTNERS.1BUC-EE’S.1U.S. SECRET SERVICE .1BURSYS*.1UBS INVESTMENT BANK .1CBRE.1ULTIMATE MEDICAL ACADEMY.1DAIKIN INDUSTRIES, LTD.*.1WALKER & DUNLOP .1DANAHER CORPORATION.1WELLS FARGO .1DETRING ENERGY ADVISORS .1WEST MONROE PARTNERS .1* Hired graduates requiring work authorization1314
INTERNSHIPS BY INDUSTRYInternships by Industry#%Average Monthly CompensationFinancial ServicesDiversified Financial ServicesGeneral Commercial BankingInvestment BankingInvestment ManagementVenture Capital & Private 53.8%11.5%15.4%15.7%15.7%13.7%4.9% 9,788 7,294n/a 12,203 8,091 1,867 6,006 11,184 8,125 3,307Consumer ProductsNon-ProfitManufacturingRetailEnvironmental Services4144113.9%13.7%3.9%.9%.9% 7,504 3,813 8,208I/DI/DTotal102100% MER 2020INTERNSHIPOUTCOMESInternships by Function#%Avg Monthly CompensationConsulting2626.3% 10,671Finance/Accounting3030.3% 9,463General Management55.1% 7,182Marketing/Sales1919.2% 5,638Operations/Logistics11%n/aHuman Resources11%n/aOther*1717.2% 6,317Total99100% 8,219*Other category includes Business/Corporate Development, Strategic Planning, Real Estate Development, and Graduate Research Assistant.INTERNSHIPS BY GEOGRAPHIC REGIONInternships by Geographic Region# Reporting%Average Monthly CompensationMid-Atlantic44.2% 9,916Midwest33.1% 7,414Northeast33.1% 9,403South0n/an/aSouthwest7982.3% 8,208West77.3% 7,250*Due to COVID-19, the majority of internships were conducted virtually.1516
CLASS OF 2020 INTERNSHIP HIRING COMPANIESINTERNSHIP COMPENSATION REPORTACCENTURE STRATEGY*JOHNSON & JOHNSONAMAZON INC.* JONES GRADUATE SCHOOL OF BUSINESS, RICE UNIVERSITY* ANIMO VENTURES JP MORGAN CHASE & CO.* BANK OF MONTREAL (BMO)KALYPSOBLUESTEM EQUITY KPMG# ReportingSalary% ofReportingAverage MonthlyCompensationPermanent Work Authorization6577.4% 8,916Non-Permanent Work Authorization1922.6% 5,835BOSTON CONSULTING GROUP*LAZARD*Total84100% 8,219CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEMLEADSONLINECAPITAL ONE* MCKINSEY & COMPANYCARGILLMEDOVATE TECHNOLOGIES LLC CEECHAT LLC MEMORIAL HERMANN CHEVRONMERTZ ENERGY CHR SOLUTIONS MOELIS & COMPANYCITIGROUP BANKING, CAPITAL MARKETS AND ADVISORY*MORGAN STANLEY*DAVAM URGENT CARE*NATIONAL OILWELL VARCODELL* NORTHWESTERN MUTUALDELOITTE CONSULTING*PHILLIPS 66*ECOLAB*PICKERING ENERGY PARTNERSENGIE NORTH AMERICA INC.PROXIMA CLINICAL RESEARCH, INCERNST & YOUNG RBC CAPITAL MARKETSWork AuthorizationSOURCE OF INTERNSHIPS – SCHOOL-FACILITATEDSource of Internship - School Facilitated# Reporting%On-campus Interviews1922.9%Employer Information Session1214.5%Consortia/Conference Event910.8%Job Posting (OWL Careers)2631.3%Other School-Facilitated56%Alumni Referrals44.8%EVERY SHELTERSHELL EXPLORATION AND PRODUCTION Faculty Referral89.6%EXXON MOBILSIMMONS ENERGYTotal83100%EY-PARTHENON*SIMON-KUCHER & PARTNERS FACEBOOKSUNNOVA ENERGY CORPFOOTPRINT APP, INC.TARGET HUNGER FORTIVE CORPORATION*TEXAS GAS SERVICESGOLDEN SECTION VENTURE CAPITALTHE POSTAGEGOLDMAN SACHSTIENDAS 3B GOOGLEUBS INVESTMENT BANKGOOSE VENTURE VANREUSEL VENTURES SOURCE OF INTERNSHIPS – STUDENT-FACILITATEDSource of Internship - Student Facilitated# Reporting%GREENHILL & CO.VATHES LLCInternet535.7%HOUSTON EXPONENTIALWASTE MANAGEMENTFamily, Friends Outside of School428.6%HP INC.* WELLS FARGOOther321.4%IQVIA ZX VENTURES (ABINBEV)Previous Employer214.3%Total14100%J.P. MORGAN*hired multiple students hired students requiring work authorization1718
Job Postings on school career systems, resume books, resume referrals by career center Other School-facilitated source School network/resources (i.e. faculty referrals, alumni referrals, classmates, campus speakers, treks, club events, class project
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HOW THE JD/MBA WORKS MBA portion of JD/MBA is 33 credits compared to 42 credits for a standalone MBA Year 1 - First year of JD studies Year 2 - Dedicated to MBA program (fall, spring, summer semesters) - 30 credits Year 3 - Second year of JD studies plus MBA Capstone courses (3 MBA credits)
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Acceptance Rate. is the percentage of total candidates (including deferrals) accepted into the program divided by the total number of completed applications. . Full-time one-year MBA (n 77) Part-time lockstep MBA (n 36) Part-time self-paced MBA (n 45) Flexible MBA (n 24) Online MBA (n 23) Executive MBA (n 37) Year-on-
DUKE MBA EMPLOYMENT REPORT 2018 – 2019 . This report was prepared in accordance with the MBA Career Services and Employer Alliance (MBACSEA) Standards for Reporting MBA Employment Statistics. Percentages are rounded to the nearest whole and may not total 100. CLASS OF 2019 FULL-TIME EMPLOYMENT DATA . Timing of job offers and acceptances . Total
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Full-Time MBA Employment Outcomes CLASSES OF 2018, 2019 & 2020 Data Collected & Published by the Mays Career Management Center . MBA Employment . West 7, 16%, 7 reported 125,670 U.S. Possessions and Territories Bermuda Canada Total 44,100%, 44 reported 113,232 EMPLOYMENT REPORT- Undergraduate Major # and %, .
