Darden’s Career Development Center (CDC) took a deep dive in to two recent industry reports showcasing the positive employment trends for graduates of MBA and specialized master’s in business analytics degrees (like our Master of Science in business analytics offered jointly with the UVA McIntire School of Commerce).
What the Graduate Management Admissions Council (GMAC) in its Corporate Recruiters Survey 2019 and the MBA Career Services and Employer Alliance in its 2018 Fall Recruiter Benchmarking Report had to say about hiring of recent graduates for jobs and internships paints a picture full of positive trends.
According to the CDC:
After inflation adjustments, MBA graduates received the highest ever median annual base starting salary in 2019. At $115,000, MBAs’ median salaries are now more than double those of new bachelor’s degree hires ($55,000). The average base salary for Darden’s Class of 2018 was $127,767, and early data show the Class of 2019 is trending several percent higher.
How do MBA graduates earn such attractive jobs and salaries? The surveys say the established pipeline for MBA internships as top companies is a major factor. Again, the CDC:
Of the MBA Career Services and Employer Alliance’s (MBA CSEA) 30 responding employers, 82 percent identify internship programs as their primary recruiting method — good news for the 100 percent of students in Darden’s Classes of 2019 and 2020 who received a summer internship. In terms of average percentage of hires by recruiting method, 41 percent of employers cited internship programs, followed by job postings at 21 percent and on-campus interviews at 20 percent.
With nearly 1,300 jobs posted annually in the Darden Career Development Center’s (CDC) jobs portal and 2,000 on-Grounds interviews coordinated by CDC employer engagement and recruiting, Darden is well-prepared to address global recruitment trends and preferences.
To learn more about the two new reports and employment trends for MBA and business analytics graduates, read the full post on the CDC’s Career Development blog.