THE DARDEN FULL-TIME MBA EMPLOYMENT REPORT - University Of Virginia

DARDEN STUDENTS WORK ACROSS ALL MAJOR INDUSTRIESAND A VARIETY OF JOB ROLES2%2%1%2%THE WORLD-CLASS DARDEN EXPERIENCE PREPARES FIRSTYEAR STUDENTS TO SUCCEED IN ANY INTERNSHIP2%1%2%2%1%1% 32% Consulting: 140,189 31,940 18% Technology: 122,615 40,3133%3%3%32%3%FULL-TIME MBACLASS OF 2018EMPLOYMENT BYINDUSTRY4%5%8% 8%Other Financial Services: 124,357 28,478 5%Retail: 123,929 41,429 4%Manufacturing: 113,099 25,278 3%Consumer Packaged Goods: 106,111 30,556 3%Investment Management: 129,444 29,583 3%Pharmaceutical, Biotech and Health Care: 119,688 26,429 3%Transportation: 114,750 37,857 2%18%13%% of studentsindustrysalary signing bonusTHE BLURRING OFINDUSTRY LINESVenture Capital and Private Equity: 113,700 12,500 2%Energy: 116,800 19,400 2%Real Estate: 105,000 15,000 1%Hospitality and Tourism: 116,833 32,500 1%Other Industry/Services: N/A 21% Consulting3% 13% Investment Banking: 128,625 49,875 21% Technology21%4% 16% Investment Banking4%5%FULL-TIME MBACLASS OF 2019INTERNSHIPS BYINDUSTRY5%5%21%6%16%Manufacturing 5%Other Financial Services 5%Other Industry/Services 5%Pharmaceutical, Biotech and Health Care 4%Consumer Packaged Goods 4%Investment Management 3%Retail 2%Energy 2%Hospitality and Tourism 2%Venture Capital and Private Equity 1%Real Estate 1%Media and Entertainment% of studentsindustry100%“Companies like Amazon are diversified. We can call them ‘tech,’ but they can also be retail companies, tremendous transportation and logistics companies.They offer jobs in a wide variety of roles and functions.” — SCOTT C. BEARDSLEY, Dean and Charles C. Abbott Professor of Business AdministrationFULL-TIME MBA CLASS OF 2018EMPLOYMENT BY FUNCTION 6%OF FIRST YEAR STUDENTSRECEIVED SUMMERINTERNSHIPSFULL-TIME MBA CLASS OF 2019INTERNSHIPS BY FUNCTION14%Financial Services 118,999 45,62520%24%General Management 118,001 28,217Consulting9%Corporate Finance 123,822 39,79632%Consulting 139,091 31,578% of studentsfunctionsalary signing bonus0815%Marketing 118,999 42,3682%2%Information Technology 122,400 38,000Real Estate 98,750 10,0003%14%21%Operations/Logistics 128,686 34,444MarketingFinancial Services2%1%1%Human Resources 135,000 25,000Legal Services 158,333 15,00022%General Management% of studentsfunction9%Information TechnologyLegal ServicesCorporate Finance3% 1% 1% 1%Entrepreneurship andSmall BusinessOtherPercentages have been roundedand may not total 100%.HumanResourcesOperations/Logistics09

CONSULTINGCAREERSF ROM A NI NT E R NS H I PNo. 1I N B OG OTÁBest MBA for Consulting(The Princeton Review)T O A G L OB A LCLASS OF 2018TOP FIVE CONSULTING EMPLOYERSMcKinsey & Co.Boston Consulting GroupBain & Co.Accenture32%C ONS U LT I NGClass of 2018 Darden graduatesaccepted new employment inconsultingCA R E E RDeloitte (tied for fifth)PwC (tied for fifth)CLASS OF 2019TOP FIVE CONSULTING INTERNSHIP EMPLOYERSBoston Consulting GroupMcKinsey & Co.Bain & Co.31%International students acceptednew employment in consulting 140,189Average starting salaryAccentureDeloitte 31,940Average bonus“ We’ve had great success recruiting Dardenstudents for more than 20 years. Dardenstudents are well-prepared to thrive in thefast-paced world of consulting due in no smallpart to the formative experiences they haveon their learning teams and in the classroom.As a result, they are able to bring insightsto business problems that create a lastingimpact.— ABBY RUIS DE GAMBOA (MBA ‘04)Deloitte principal21%Class of 2019 Darden studentsaccepted internships in consultingJulian Forero“An internship allows you the opportunity to really bring out yourcreativity, problem-solving and decision-making skills.”(MBA ’18)Undergraduate degree: Bachelor’s in mathematics and bachelor’s inbusiness administration, University of North Carolina at Chapel HillInternship: McKinsey summer associatePost-Darden job: Boston Consulting Group consultantAt age 11, Julian Forero and his family relocated from Colombia to theUnited States. Before coming to Darden, Forero knew he wanted toexperience the business world in a setting outside of the U.S. and realizedDarden’s global academic courses and internships offered that opportunity.Forero had a strong interest in returning to South America and, afterconnecting with a McKinsey & Co. recruiter during a Darden coffee chat,started researching opportunities with the company’s Bogotá office.“I always had a desire to go back to Colombia, and once I learned about theopportunity and got the offer, I knew that going back was the right movefor me,” Forero said.During his international internship, his team consisted of people fromChile, Argentina, Peru and Brazil, and Forero learned how to effectivelymanage operational and cultural differences within this internationalbusiness setting. A native Spanish speaker, he was also able to practice andimprove his Spanish in a business setting for the first time.Looking for Advice?Consult With Us.“ Know yourself and what trulymotivates you. Explore fully andchallenge preconceived notions.Be yourself and don’t try to fita mold.”CHRISTY GUNVILLESenior Director for Consulting, Darden13 years of experience mentoringconsultants in their careers“An internship allows you the opportunity to really bring out your creativity,problem-solving and decision-making skills to tackle these issues in anefficient manner to deliver real, lasting impact to a client,” Forero said.“It’s an experience that can’t be replicated in the classroom because there arereal and tangible implications to your decisions and actions.”Through his dynamic internship experience, Forero decided to returnto the U.S. for a full-time job and was able to land a position with anothergiant of the consulting industry: Boston Consulting Group. 1011

Deutsche Bank13%Class of 2018 Darden graduates acceptednew employment in investment bankingCLASS OF 2019TOP FIVE INVESTMENT BANKING INTERNSHIPEMPLOYERS13%Goldman SachsInternational students accepted newemployment in investment bankingCitigroupCredit SuisseBarclaysJPMorgan Chase 128,625Average starting salary 49,875A WEEK ON WALL STREETLast year, nearly 100 First Year Darden studentstraveled to New York City to participate in Weekon Wall Street and visit 15 firms. Facilitatedby the Career Development Center and incollaboration with the Finance Club, the job trekprovides students with the unique opportunity tostep inside corporate headquarters of numerousfinancial institutions. Students see investmentbankers and traders in action and learn fromsenior leaders from a variety of firms.“It’s great exposure for our students andencourages them to network and be educatedabout various areas of investment banking,”said investment banking adviser Ed Yu.Average bonus16%Class of 2019 Darden students acceptedinternships in investment banking“ Year after year, we feel proud and enthusiasticabout connecting the world’s top banks andfinancial institutions with Darden’s top talent.”SHAVONE DUDLEYAssociate Director of Employer Engagement andRecruiting, DardenONUITY’SDOTE EQORI VACitigroupINGPRBarclaysBest MBA for Finance(The Princeton Review)ER IN FINANCECredit SuisseThe transformational Darden experience preparesstudents for careers in private equity, venture capital,investment management, real estate and insurance, inaddition to investment banking and corporate finance.No. 7KNOCKONREJPMorgan ChaseNGCACLASS OF 2018TOP FIVE INVESTMENT BANKING EMPLOYERSBANKIDarden Students Enter DiverseCareers in FinanceAFINANCEANDINVESTINGCAREERSPramod InguvaLatif Alam(MBA ’18)(MBA ’18)Undergraduate degree: Bachelor’s in electricalengineering, Indian Institute of Technology,Madras, IndiaInternship: Credit Suisse Investment Bankingsummer associatePost-Darden job: Credit Suisse Investment BankingassociateUndergraduate degree: Bachelor’s in finance andinternational business, Indiana UniversityInternship: HBM Holdings Corporate DevelopmentinternPost-Darden job: Sunny River Management associateBefore coming to Darden, Pramod Inguva had neverlived outside of India. He wanted to learn differentcultures, languages and experiences. Pursuing his MBAat Darden allowed him to do just that.“Darden is well known for investment banking and ishighly ranked for its overall educational experience.Moreover, I wanted to be a part of a small, tight-knitcommunity and diversity of classmates was important tome,” Inguva said. “Darden truly is a global community.”He feels grateful to the Darden faculty for supportinginternational students, as well as to the CareerDevelopment Center for its support given tointernational students throughout the recruiting process.“Recruiting presents its own set of unique challengesfor international students in the U.S.,” said Inguva.“My training at Darden was instrumental in gettingan offer from Credit Suisse.” Latif Alam applied to Darden because of the casemethod and strength of the MBA program. He chose toattend because of the people.In the summer after his First Year, Alam made a call toJohn Cote (MBA ’13), managing partner of private equityfirm Sunny River Management. Alam spent the nextfew months developing a good working relationship withCote, who offered Alam an externship. On his way homefrom another interview, Cote called Alam and invitedhim to interview for a full-time position with the firm.Alam accepted, citing the firm’s team, vision and beliefin his decision. It was “exactly the role” Alam wanted.He encourages those pursuing a career in private equityto stay positive.“You’re going to have doors slammed in your face. Ifyou’re doing it right, you should have a ton of doorsslammed in your face,” Alam said. “Keep your chin upand believe in yourself. Work hard and don’t underestimatethe power of externship; it’s a great foot in the door.” Paving the Road toWall StreetThe Value of a Long-TermInvestment“Be confident in yourself.”“ No two advising sessions arethe same. No two students arethe same. Everyone has differentinputs and considerations.”ED YUSenior Associate Director of CareerEducation and Advising, Darden15 years of experience advisingstudents in financePAUL REEDERSenior Director for FinancialServices Careers, Darden22 years of finance experienceSix years of experience managing relationships withrecruiting partners1213

TECHNOLOGYCAREERS18%Even though I was an intern,I worked on products like GoogleHome and Google Assistant.I also managed the relationshipwith eight partners, who wereinstrumental in an upcominglaunch.”Class of 2018 Darden graduates acceptednew employment in technologyCLASS OF 2018TOP FIVE TECHNOLOGY EMPLOYERS34%International students accepted newemployment in technologyAmazonMicrosoftDanaherGoogle 122,615Average base salaryIBMCLASS OF 2018ADDITIONAL TECHNOLOGY EMPLOYERSAdobeDellIBMLinkedIn 40,313Average bonus21%Class of 2019 Darden students acceptedinternships in technologyWorkday23CLASS OF 2019TOP FIVE TECHNOLOGY INTERNSHIP EMPLOYERSAmazonDellGoogleMicrosoftKabbageFROM ’HOO TOGOOGLERCompanies visited during Darden’sBay Area Tech TrekChandralekha Motati(MBA ’18)Undergraduate degree: Bachelor’s in computer science, Birla Instituteof Technology and Science, Pilani, IndiaInternship: Google MBA internPost-Darden job: Google Technical Solutions consultantChandralekha Motati came to Darden to change her career. Shewas working for a financial services firm as a software developer andtransitioned into a product development role. There, Motati realizedher strong interest in product management, which led her to pursuean MBA.At Darden, she began researching different career options in technologyand navigating the summer internship recruiting process — eventuallylanding an internship at Google.“Even though I was an intern, I worked on products like Google Homeand Google Assistant,” Motati said. “I also managed the relationship witheight partners, who were instrumental in an upcoming launch.”Our Heads Are Always inthe Cloud“ I love opening doors and connectingpeople so that they can mutuallyhelp one another. There are a lot ofpeople who want to help and lots thatseek advice. When you can connectthem, it feels very good.”JENNY ZENNER (MBA ’03)Senior Director for Technology Careers, Darden19 years of experience in technologycareers; seven years of advising candidatesin recruitingAfter a summer of personal and professional growth, Google offeredMotati a full-time position as a technical solutions consultant.“In the future, I could completely transition to a product managementrole, an engineering-focused role or a consulting role working withclients. Even though I’m graduating Darden, the job is providing menew opportunities to continue exploring in my career.” 1415

D A R D E N TA P S I N T O T E C H O NBOTH U.S. COASTSVENTURECREATIONEARLY-STAGE VENTURES:2018W.L. Lyons Brown III InnovationLaboratory (i.Lab)Operated by the Batten Institute, the W.L. LyonsDarden provides unparalleled resources for students interested in pursuingtechnology careers. With a 4 percent year-over-year increase in residentialstudents entering tech roles after graduation, we’re expanding students’ accessto tech education, opportunities and engagement with alumni in the field —and the world’s top technology firms are noticing.Darden’s Batten Institute for Entrepreneurship and Innovationaims to prepare entrepreneurial leaders for a lifetime pursuitof responsible disruption. With support for core fellowshipand internship programs, the institute provides unparalleledopportunities for students interested in working for startupsand venture capital firms.Technology Venture FellowshipThis 10-week fellowship sponsored by the Batten Institutegives Darden students the opportunity to interview with topventure capitalists for paid summer placements in one oftheir high-potential, high-growth portfolio companies. Selectedstudents receive rare, hands-on experience with venturebacked companies that don’t typically recruit MBA interns.Batten Venture Internship ProgramThrough the Batten Venture Internship program (BVIP), theBatten Institute subsidizes summer internships for studentsinterested in working with a startup or a venture capital firm.In 2018, more than 20 students participated in BVIP.West Coast Job Treks for StudentsInterested in TechDarden’s Proximity to Top TechEmployersJob treks give students a firsthand look into the cultures andopportunities that define companies powering the world’shubs of business innovation.The Top 15 employers for Darden’s full-time MBAClass of 2018 included Amazon (17 students),Microsoft (12 students) and Google (6 students).For the past six graduating classes, Amazon hasplaced in the Top 10 employers — with a total of 65students accepting full-time roles at Amazon withinthree months of graduating.In December 2017, nearly 100 students visited 23companies during Darden’s annual San Francisco Bay AreaTech Trek, in collaboration with the Technology Club andEntrepreneurship and Venture Capital Club. The trek wasorganized by the Career Development Center and Darden’sBatten Institute for Entrepreneurship and Innovation.From early stage, venture-backed companies to internationaltech titans, students have the opportunity to spend valuabletime with companies and alumni in the Bay Area. Technologycareer adviser Jenny Zenner believes that experiencingcompany cultures and the cities they call home provides thegreatest value for students.“Students get the chance to ask, ‘Can I see myself livinghere and working at this company?’” Zenner said.16Darden’s Rosslyn location is just four Metro stopsaway (10 minutes) from Amazon’s new headquartersin Arlington, Virginia, which promises to strengthenthe School’s already strong relationship with Amazon.For more information regarding participating in orhosting tech-related job treks, contact Jenny Zennerat ZennerJ@darden.virginia.edu.Batten Salon DinnersCurated alumni-student dinners, grouped by theme, in whichalumni leaders in technology, entrepreneurship, innovationand venture capital in the Bay Area engage in meaningfulconversation with students who travel to San Francisco forthe annual Technology Trek.Brown III i.Lab is a UVA-wide initiative thatsupports entrepreneurs and innovators at UVAand beyond. The program is open by applicationeach year to early stage companies andentrepreneurs from the Darden, UVA and centralVirginia communities. Since the first cohort in2000, the iLab’s new venture programs haveprovide nearly 1.5 million in grant support toroughly 250 startups and 450 founding teammembers.24ventures with 47 participants16ventures received startup grants rangingfrom 1,500- 5,000 1.5MAggregate grant support providedto startups by the i.Lab Incubator250New ventures supported by thei.Lab’s programs since inception17

i.Lab IncubatorVentures Launched byDarden Class of 2018and 2019 StudentsENTREPRENEURSHIPCAREERSKartini ChocolateFounded by Nagea Delaya (MBA ’18)and Ana Maria Chamorro (MBA ’18)S O LV I N GSHOPPERS’DILEMMAS,ONE BIGB R A N D ATA TIMEMeg Greenhalgh(MBA ’18)Undergraduate degree: Bachelor’s in commercefrom the UVA McIntire School of CommerceInternship alternative: 2017 i.Lab IncubatorPost-Darden job: Founder and CEO, Brandefy“I hadinstrumentalmentors, professorsand classmates whohelped me throughevery stage.”After an infuriating trip to a big-name retailer several years ago, MegGreenhalgh identified a problem facing consumers.After a UVA McIntire School-facilitated internship with Charlottesvillebased Perrigo Nutritionals and a pre-Darden internship with aRichmond-based startup tech company, Greenhalgh developed her ideafor Brandefy during her First Year at Darden and as a member of the2017 i.Lab Incubator cohort. In April of her Second Year, Greenhalghand partners James Graham (MBA ’18) and Carolyn Kochardlaunched the free app in Apple’s app store.Greenhalgh said her time at Darden was invaluable. “I had instrumentalmentors, professors and classmates who helped me through everystage,” she says. Corporate Advisory BoardFounded by Ali BartaDarden’s Corporate Advisory B

partnerships and opportunities with Darden, INTERNATIONAL (BORN OUTSIDE U.S.) Danaher. 20%. DaVita . DOMESTIC MINORITIES. CLASS OF 2018 FULL-TIME . MBA PROFILE CLASS OF 2019 FULL-TIME . MBA PROFILE. 131 COMPANIES . IN A WIDE VARIETY OF INDUSTRIES . HIRED GRADUATES OF DARDEN'S . FULL-TIME MBA CLASS OF 2018. 3M Accenture. 1. Restaurant Brands .