Master Of Human Resources & Industrial Relations Employment Report 2021

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MASTER OF HUMAN RESOURCES& INDUSTRIAL RELATIONSEMPLOYMENTREPORT 2021

LETTER FROM THEDIRECTORGreetings from the Graduate Business Career Center,It is my pleasure to share the 2021 Employment Report for our Master of Human Resources and IndustrialRelations students here at the Carlson School of Management. This year brought the continued challenge of amostly virtual recruiting experience with our office. We continued to be so impressed with our students’ ability tobe nimble in their approach to employer engagement and driven in their perseverance in the job search. We aregrateful to our employers for the continued support of our students and we were consistently impressed with thecreative ways employers chose to connect with students.MAGGIE TOMASDirectorGraduate Business Career Centermtomas@umn.eduWe are so pleased to report that during a year of disruption and ambiguity, 98% of our MHRIR graduates accepted joboffers within six months after graduation. The average starting base salary is 82,500. As more students are lookingat quality of life when they assess offers, they come to us with questions about benefits packages. This is the thirdyear we tracked vacation/paid time off for our master’s business programs, and we saw an average of 3.5 weeks PTOacross companies and industries. Starting this fall, we are also tracking the ability to work remotely or within a hybridmodel. We hope that by gathering this data we continue to support students and employers in the recruiting process.The GBCC held more than 675 employer meetings, sent out nearly 600 tailored resume books, and organized284 events across nine programs during the past year. Our coaches managed more than 4,000 coachingappointments and delivered dozens of workshops. We strive to not only prepare our students well but also deliverexcellent customer service to our company partners. As one recruiter remarked, “We only recruit from Carlson.The experience was excellent. Our team really enjoys working with the GBCC and finds them to be very helpful.Appreciate the partnership!”As a school, Carlson is truly trying to embody the slogan, business as a force for good. We are consistentlypleased to see how our students display this in their interests to work for companies that are making an impactin the world and community. As a staff we are consistently trying to embody business as a force for good in theway we work with our students, ensuring every student feels included and supported. We are investing more inearly career exploration, and we are ensuring that all coaches, graduating students, and recruiting partners havethe opportunity to go through bias training. This past year, we also reflected on our large-scale programming andcreated a process to ensure our workshops speak to and support all students. Our hope is that each student canproject their best and most authentic version of themselves when they engage with employers. We are excited forall our recruiting partners to continue to connect with and welcome our multi-faceted business students.As always, thank you for your ongoing partnership! Go Maroon & Gold!

MHRIR - CLASS OF 2021EMPLOYMENT REPORTBase Salary*Median 82,50098%Range**of 2021 graduates acceptedemployment offers withinsix months after graduation 14,000 91,800 86,500 median salary with U.S. work authorization 81,250 median salary for women 83,750 median salary for students of color 83,750 median salary for non-business undergraduate majors 82,500 median salary for Fortune 500 companiesSigning Bonus100% with U.S. work authorization95% without U.S. work authorizationMedian 10,000Range 4,000 20,000* Based on usable salary information from 55% of graduates with accepted employment offers**Salary range includes offers accepted outside the United States51GRADUATES44GRADUATES SEEKINGFULL-TIME EMPLOYMENT

MHRIR - CLASS OF 2021EMPLOYMENT REPORTBY INDUSTRYPERCENTMEDIAN SALARYConsumer Packaged Goods21% 86,250Technology21%HealthcareYEARS OF EXPERIENCEPERCENTMEDIAN SALARYOne year or less52% 86,500N/A1 - 3 Years24% 70,00010%N/A3 - 5 Years14% 88,000Manufacturing7% 86,5005 or more years10%N/AConsulting5%N/AFinancial Services5%N/AEnergy5%N/ANonProfit5%N/AOther Industries(incl. Government, Hospitality,Retail, Transportation,and HR Services)21% 86,500

MHRIR - CLASS OF 2021EMPLOYMENT REPORT50%WHERE STUDENTS ACCEPTED JOBSGRADUATE-INITIATED JOBSEARCH ACTIVITIESSOURCESOF TEDRECRUITING ACTIVITIES2%12%UP7%FROM 2020!31%CHINA

MHRIR - CLASS OF 2022INTERNSHIP REPORTHOURLY RATE*96%Medianacceptedinternship offers 31.25Range**WHERE STUDENTS ACCEPTED INTERNSHIPS5%5%16%62%0%0%12% 3.00 31.25 with U.S. work authorization 43.00BY INDUSTRYPERCENTMEDIAN RATEHealthcare23% 28.85Technology20%18%INCREASEFROM 2020! 29.37Manufacturing13% 37.00Consumer Packaged Goods9% 37.50Financial Services9%N/AMedia & her (incl. Consulting, Hospitality,and Environmental Services)9% 30.00* Based on usable wage information from 64% of students with accepted internship offers**Wage range includes offers accepted outside the United StatesINTERNATIONAL54STUDENTS46STUDENTS SEEKING INTERNSHIPS

COMPANIES THAT HIREDCARLSON SCHOOL MHRIR STUDENTSAON HEWITTDELOITTELAND O’LAKESPEPSICOARTHUR J GALLAGHERDOCTOR ON DEMANDLENOVOPIZZA LUCÉATOUREATONPROCTER & GAMBLEAUTOLIV ELECTRONICSCO., LTDECOLAB INC.LOTTE CHEMICALCALIFORNIA INC.ESKOBAIDUBRISTOL-MYERS SQUIBBBYTEDANCECAPGEMINI INVENTCHUWA AMERICACORPORATIONCITY OF ST. LOUIS PARKCOLOPLASTQUALFON DATA SERVICEGROUPTHE BERNARD GROUPTHE DOW CHEMICALCOMPANYMEISHAN ESOTA DAILYHONEYWELLMINNESOTA JUDICIALBRANCHSAZERACINTELLIPRO GROUPNSFOCUS TECHNOLOGIESCO LTDSECOND HARVESTHEARTLANDUNITED STATESDEPARTMENT OFAGRICULTUREINTER AMERICANDEVELOPMENT BANKPEBMOOB SENIOR CENTERSP RICHARDSUNITEDHEALTH GROUPJOHNSON & JOHNSONPEKING UNION MEDICALCOLLEGE HOSPITALSTEARNS COUNTYWHIRLPOOL CORPORATIONINTEL CORPORATIONKINDEVA DRUG DELIVERYRANDSTADTENCENTFOURTEEN FOODSBETHANY INTERNATIONALBRIDGES MNMEDICAMANUFACTURINGCOMPANYTHREE DEEP MARKETINGRISEROSENBAUER AMERICATRANE TECHNOLOGIESTWILIOSANOFIU.S. BANKTAIWAN SEMICONDUCTOR* Bold companies were top hirers in 2021MOST OFFERS MADE:“The Graduate Business CareerCenter does an outstandingjob helping us throughout therecruiting process.MHRIR RECRUITING PARTNER

MHRIRCLASS PROFILESCLASS OF 2022CLASS OF 202346%47%19%16%27%27%73%73%INTERNATIONAL STUDENTSINTERNATIONAL STUDENTSSTUDENTS OF COLORSTUDENTS OF COLORMALE STUDENTSMALE STUDENTSFEMALE STUDENTSAVERAGE UNDERGRADUATE GPAAVERAGE FULL-TIME WORK EXPERIENCEFEMALE STUDENTS3.472 YEARSAVERAGE UNDERGRADUATE GPAAVERAGE FULL-TIME WORK EXPERIENCEGEOGRAPHIC REPRESENTATIONGEOGRAPHIC REPRESENTATION36%29%17%15%24%32%OTHER U.S.14%CHINAOTHERINTERNATIONAL3.432.1 YEARS33%OTHER U.S.CHINAOTHERINTERNATIONAL

MHRIR - CLASS OF 2021 EMPLOYMENT REPORT 86,500 median salary with U.S. work authorization 81,250 median salary for women 83,750 median salary for students of color 83,750 median salary for non-business undergraduate majors 82,500 median salary for Fortune 500 companies of 2021 graduates accepted employment offers within six months after graduation

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