Tuck MBA students have retained the median salary at $115,000 with the lowest salary dropping further by $9,000 at $56,000 compared to last year’s trend and highest salary reaching $175,000 a jump of $6,000. What most MBA applicants have asked us about the trends in Tuck MBA Employment report is the demand for Finance and Consulting jobs.
Job by Industry
30% of the job offers are in Financial Services, the majority of which are in Investment banking (14%) and a distant 2nd and 3rd are in Investment Management (7%) and Private Equity (2%). Incidentally, the lowest paying industry is Investment Banking with the low at $56,000 and the high at $130,000. 27% of Tuck MBAs looking for employment opted for consulting with the median salary at a healthy $135,000, the highs reaching $140,000 and the lows at a respectable $86,000. Technology and Consumer Goods/Retail were the third and fourth popular industries with 13% and 10% opting for them.
Job By Function
As expected 35% of the MBAs opted for consulting roles that paid a median salary of $132,500. The high commission associated with the job responsibilities might be one reason why ‘investment management’ fetched a low of $56,000 and a median salary of $100,000. Still, 33% of the class opted for Finance roles out which 11% chose ‘Underwriting and Advising’ roles. Private Equity/Venture Capital were the best job function in terms of compensation with the median salary at $135,000. Only 2% of the 266-class size opted for this job function. General Management continues to be a popular job function with 18% choosing it over Marketing (10%).
Some of the Recruiting Companies Include
• Amazon
• Bain & Co
• Bank of America
• Barclays
• Booz Allen
• BCG
• Cargill
• Deloltte
• EBay
• Google
• GE Electricals
• Intel
• JP Morgan
• KPMG
• L’Oreal USA
• Metlife
• McKinsey & Co
• Microsoft
• Morgan Stanley
• Pepsico
• P&G
• Samsung
• Symantec
• UBS
Download the Complete Report
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