MBA Class of 2020 Boasts Record Salaries, 100 Percent Internship Placement
The full-time MBA Class of 2020 recently broke records for the highest average starting salary in school history at $139,945. The just-released full employment report from Darden’s Career Center digs even deeper into the career data for the class. For more insights on Darden’s Career Center philosophy, check out this recent blog post featuring Jeff McNish, assistant dean for Darden’s Career Center and Casey Floyd, director for employer engagement and recruiting.
By Jay Hodgkins
Despite disruption in the hiring market posed by the coronavirus pandemic, the 93 percent of students receiving offers within 90 days of graduation matched the mark set in three of the previous four years, only falling short of a record 97 percent receiving offers in the Class of 2019.
Grouped by employment industry, 41 percent of Class of 2020 graduates accepted jobs in consulting, 20 percent in technology and 19 percent in financial services. Of those accepting roles in the financial services industry, 58 percent accepted offers in investment banking with an average starting salary of $148,125.
By job function, 39 percent of the class accepted jobs in consulting positions, 20 percent in finance or accounting, 17 percent in general management, and 13 percent in marketing or sales.
Led by its Career Center, 78.5 percent of job acceptances were facilitated by the Darden School. Internships continued to play a crucial role in career outcomes as 53 percent of the class received a full-time offer as a result of summer internships following First Year.
Despite the coronavirus pandemic wreaking havoc on many companies’ internship programs, 100 percent of the full-time MBA Class of 2021 received a summer internship. Among the leading industries, 28 percent of the class interned with a financial services company, 21 percent with a consulting company, 17 percent with a technology company, 8 percent with a consumer packaged goods company and 8 percent with a health care company.
View the UVA Darden 2020-21 Full-Time MBA Employment Report on Issu.
Photo credit: Sanjay Suchak
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