Duke Fuqua MBA Employment Report (2023-24)
The Duke Fuqua MBA Employment Report for 2023-24 reports an annual salary of $175,000 and a generous signing bonus of $30,000. The results highlight the school's diverse career services, with 80% of jobs facilitated internally.
Notably, 140 unique employers hired graduates, and 9 entrepreneurs emerged from the 2023 graduating cohort. Additionally, four top Fortune 5 companies actively recruited Duke's Class of 2023, affirming the program's strong industry connections.
Duke Fuqua MBA Salary: By Industry (2023-24)
Consulting emerged as the dominant sector, with an impressive 43% of graduates securing roles in this field. These graduates also commanded the highest median base salary, averaging $190,000.
Financial services and technology followed closely, with 21% and 17% of graduates entering these sectors, respectively.
The median base salary for financial services stood at $175,000, while technology offered a competitive $153,000. Health care and consumer packaged goods collectively constituted 12% (6% each) of placements, with median base salaries of $135,000 and $125,650, respectively.
Consulting remuneration is at par with M7 school. So is the Financial Services package as well. The Technology remuneration is not as strong as schools with strong Technology cohorts like MIT Sloan but at par with placements in Finance and Consulting schools.
Industry | Percent Hired (2023-24) | Median Base Salary (2023-24) |
Consulting | 43% | $ 190,000 |
Financial services | 21% | $ 175,000 |
Technology | 17% | $153,000 |
Health Care | 6% | $ 135,000 |
Consumer Packaged Goods | 6% | $125,650 |
Related: Duke Fuqua MBA Salary By Industry: 2023 vs 2022 vs 2021
Duke Fuqua MBA Salary: By Function (2023-24)
Consulting emerges as the dominant function, capturing 47% of placements and offering a substantial median base salary of $188,000 - $2000 lower than M7 schools.
Finance and accounting roles accounted for 21% of placements, with a median base salary of $175,000 at par with M7 schools.
General management and marketing/sales functions constituted 16% and 13% of placements, respectively, reflecting the program's emphasis on building a general management perspective with the curriculum. The median base salary for General Management ($145,000) meets the industry standards. It is the Marketing/Sales roles where the median base salary is on the lower side ($133,000)
Investment banking (10%) and private equity/venture capital (2%) roles comprise the second lowest percentage of all the offers, but the trend is positive for the industry.
Function | Percent Hired (2023-24) | Median Base Salary (2023-24) |
Consulting | 47% | $188000 |
General Management | 16% | $145,000 |
Marketing/Sales | 13% | $ 133,000 |
Operations Logistics | 2% | $ 135,000 |
Finance/Accounting | 21% | $ 175,000 |
Investment Banking | 10% | NA |
Private Equity/Venture Capital | 2% | NA |
Related: Duke Fuqua MBA Salary By Function: 2023 vs 2022 vs 2021
Duke MBA Employment: By Location (2023-24)
The Northeast emerged as the top location, constituting 21% of hires, with New York being a significant contributor to this region.
The West and South closely followed, with 20% and 18% of graduates securing positions in these regions, respectively. Notably, the top U.S. cities for placements included New York, Atlanta, Chicago, Dallas, Washington, San Francisco, and Seattle.
In terms of international placements, nearly 2% of Duke MBA full-time positions were outside the U.S.
Graduates secured roles in diverse locations, including Brazil, China, Malaysia, Spain, Mexico, and Colombia
| Location | Percent Hired (2023-24) |
| Northeast | 21% |
| West | 20% |
| South | 18% |
| Southwest | 15% |
| Mid-Atlantic | 10% |
| Midwest | 12% |
Duke MBA Employment: Top Employers (2023-24)
In the consulting sector, BCG led with 32 hires, closely followed by McKinsey with 30 and Bain & Company with 21. Deloitte Consulting and Accenture Strategy also played significant roles, contributing 18 and 13 hires, respectively, showcasing the program's influence in the consulting domain.
In the technology industry, Amazon emerged as the top employer, hiring 12 Duke MBA graduates.
Google, Adobe Inc., and Dell were also among the top hires with 5, 4, and 4 offers respectively.
Financial services saw prominent placements, with Bank of America leading at 10 hires, followed by JP Morgan Chase with 9.
Healthcare also showed presence, with Amgen and Pfizer each contributing towards 3 hires.
| Industry | Top Employers | No. of Hires (2023-24) |
| Consulting | BCG | 32 |
| Consulting | McKinsey | 30 |
| Consulting | Bain & Company | 21 |
| Consulting | Deloitte Consulting | 18 |
| Consulting | Accenture Strategy | 13 |
| Consulting | EY-Partheon | 6 |
| Technology | Amazon | 12 |
| Technology | 5 | |
| Technology | Adobe Inc. | 4 |
| Technology | Dell | 4 |
| Financial Services | Bank of America | 10 |
| Financial Services | JP morgan Chase | 9 |
| Financial Services | Wells Fargo | 5 |
| Financial Services | Goldman Sachs | 4 |
| Healthcare | Amgen | 3 |
| Healthcare | Pfizer | 3 |
| Consumer Packaged Goods | Conagra Brands | 3 |
Duke Fuqua MBA Career Service Team - Effectiveness (2023-24)
Notably, a significant 80% of job placements were directly facilitated through school-supported activities, showcasing the institution's paramount role in guiding and connecting students with diverse employment opportunities.
Of the 286 full-time jobs secured, a substantial portion, 49%, originated from a successful conversion of internships obtained through school sources. The close to half internship conversation would have been expected in placements where the majority were in Finance, but for Duke Fuqua, with strong Consulting and good Technology placements, the source of conversion is a clear testament to the effectiveness of the program for career switchers.
Career centre activities, including job fairs, conferences, employer events, information meetings, and school-promoted job boards, contributed to 7% of job placements.
Job postings on school career systems, resume books, and referrals by the career center accounted for 9% of placements. Scheduled interviews, both on and off-campus, constituted 10% of the employment sources.
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