MBA Jobs Report 2021: Strong Numbers From 5 More Top-25 B-Schools

Indiana University’s Kelley School of Business reported a surge in job offers and acceptances for its Class of 2021 MBAs, while salaries and signing bonuses also rose. Courtesy picture

What a difference a year makes. In 2020, the first of a yet-to-be-determined number of pandemic years, top-ranked business schools had a much darker story to tell aspiring MBAs in their annual employment reports. Then it was more about weathering the storm and managing expectations.

Call 2021 the year of rebound. Several schools posted placement, salary and bonus numbers that show a return to the status quo, and some have posted job or salary increases that are at records.

Today, Poets and how many has full or partial employment reports from five other top 25 business schools that pursue this theme: Indiana Kelly, Washington Foster, USC Marshall, Texas McCombs, and UCLA Anderson all show a strong rebound in MBA job openings after an uncertain 2020. and bonus numbers are also generally strong, but with mixed results.

This crop rounds out this year’s employment reports for our top 25 business schools, except one (looking at you, Stanford.) Check out our full employment report at this roundup.

JOB OFFERS JUMP 8.1% AT KELLEY SCHOOL OF BUSINESS

Indiana University Kelley School of Business, N°22 of the latest Poets&Quants ranking, posted an 8.1% increase in job offer rates three months after graduation, from 87.6% in 2020 to 95.7% this year. Job acceptance rates increased by 9.1%, from 85.7% in 2020 to 94.8%.

Kelley’s full-time MBA salaries are also on the rise, up 12.1% since 2018, according to his latest employment statistics. MBAs in the Class of 2021 earned a median base salary of $120,000 and a median signing bonus of $30,000.

“(This report) was a big improvement over 2020. Average salaries and signing bonuses have been rising and trending higher over the past few years. We see continued growth in technology, consulting, healthcare and financial services. And despite the pandemic, opportunities still exist in all fields and are even growing – we are seeing new employers and industries turn to Kelley MBAs,” said Gale Gold Nichols, Executive Director of the Full-Time MBA Program. . Poets and how many.

Marketing/sales was by far the most popular job function with 36% of MBA graduates accepting positions in the field; Base salaries ranged between $80,000 and $157,000. Consulting was the second most popular at 21%, but the base salary was the highest of all job categories, ranging between $90,000 and $160,000.

Kelley graduates went to work across the country, with the highest concentration remaining in the Midwest (41%). Another 28% work in the West, followed by the Northeast (14%), Mid-Atlantic (8%) and South (5%).

We were encouraged to see the distribution of student employment across functions and industries. Additionally, we see our students land positions across the United States, with about 60% outside of the Midwest,” Nichols says. “It’s obvious that Kelley students can leverage their MBA to move in a number of different directions in terms of industry, function and location.”

On the internship side, monthly base salaries have increased, averaging $7,250 in 2020 and $6,933 in 2019.

A key ingredient in our formula for success is our innovation Program Me inc., Who offers individualized professional development that begins before classes even begin and continues throughout our students’ journey to earning their MBA,” says Nichols. “This program, combined with the skills development and experiential learning opportunities students participate in through our unique academies, uniquely positions Kelley students to succeed in their internships and full-time roles. .”

HOST SCHOOL OFFERS JOBS AND HIGHER SALARIES

The Financial Times has ranked the University of Washington’s Foster School of Business first for employment among US MBA programs for the past four years. And, this year’s job offer rate of 97.2% three months after graduation is up three points from 2020. (Foster ranked #21 in our latest rankings .)

“Amid the pandemic, our graduates have remained focused and persevered through every challenge during their internships and full-time job search,” said Assistant Dean Naomi K. Sanchez. Poets and how many. “We’ve seen students and graduates help each other and our career coaches support them through interview seasons and beyond.”

Salaries and bonuses are also up for Fosters ’21 MBAs: the average base salary was $4,933 higher than the previous year, from $125,474 to $130,407. The school’s average signing bonus is up $2,903 from $36,380 in 2020 to $39,283.

“The value of a Foster MBA is significant, says Sanchez, noting our november story calculating that Foster had the fourth-lowest debt and the eighth-highest debt-to-income ratio of all the top 25 business schools in our ranking.

“Foster’s MBA is highly collaborative and provides graduates with business connections and a rigorous curriculum that prepares them for postgraduate leadership positions. A high employment rate and higher salaries are good indicators of our graduates’ abilities, knowledge and skills, and a demonstration of strong community and business partnership.

By region, 64% of Foster MBA graduates found employment in Washington state, while 35% moved out of state and 1% took employment outside the United States. See Foster’s full report here.

Next page: Marshall’s job bounces back

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