Undergraduate Class of 2023 Achieves Record Employment Outcomes
The undergraduate Class of 2023 at Georgetown University’s McDonough School of Business reported record employment results after their graduation in May, earning an average salary of $100,859, up from $96,916 last year, and an average signing bonus of $10,291.
According to the 2023 Undergraduate Employment Report, 97.3% of students seeking employment received an offer within three months of graduation and 71% of students received a signing bonus.
“This year’s employment results are a testament to the dedication and hard work of our graduating class, who stayed focused on their goals, supported each other, and secured meaningful roles in a broad range of industries,” said Talia Schatz, assistant dean of undergraduate career services at Georgetown McDonough. “We are proud to share their professional success as they move forward in their post-graduate careers and make an impact on the world around them.”
Graduates primarily sought employment in financial services (56%) and consulting (20%), with additional interest across real estate (5%), technology (3%), and accounting (3%). The top employers included Bank of America, Barclays, Boston Consulting Group, Citigroup, Jefferies, JPMorgan Chase, McKinsey, Morgan Stanley, PwC, and RBC Capital Markets.
Top Industries for Undergraduate Students
The majority of undergraduate students completed an experiential learning component during their program, with 96.8% securing internships before graduation. Internships, in addition to the variety of programs and treks offered by the McDonough Career Center, help undergraduate students explore various career paths and identify post-graduate opportunities.
The McDonough Career Center offers dedicated resources that support undergraduate business students with career exploration, resume and interview preparation, networking opportunities, and leadership development. Students benefit from one-on-one career coaching and a robust Peer Career Advisors group who support students through every phase of their professional journey.
Throughout the year, students have access to unique experiential career opportunities, including Career Treks to national and international locations to network with alumni and explore specific industries; Fridays in the Field, which take students on site visits to organizations throughout the Washington, D.C., area; a Sophomore Summit seminar to prepare students for the internship and career journey; a professional dinner to learn proper business etiquette; and bootcamps, most recently on the topics of finance and management consulting case interviews.
Undergraduate students also have access to a robust alumni network for networking, mentorship, and career opportunities, strengthening ties among the best and brightest in the McDonough community. Alumni and students are encouraged to connect on the university’s digital connection platform, Hoya Gateway, to interact, share career advice, and offer industry insights and mock interviews. Students also can leverage Host-a-Hoya to job shadow alumni in their home cities and experience a “day-in-the-life” in a particular industry or company. Recent host companies included YouTube, Uber Eats, Instagram, IBM, Citigroup, Deloitte, and more.
The Georgetown alumni network is unparalleled. I received so much help throughout my job search from Georgetown McDonough seniors to recent graduates to well-established professionals 20+ years into their careers. Everyone was extremely willing to lend a helping hand and provide insight into their careers and the respective recruitment processes.
Katherine Jacobe (B’23), investment banking analyst at Citi
The Undergraduate Program was recently ranked 3rd overall and 2nd in career outcomes by Poets&Quants in 2024, further solidifying the exceptional employment opportunities available at Georgetown McDonough.
“Through immersive career preparation and tailored mentorship experiences, our undergraduate students have the opportunity to explore their passions, discover new career paths, and secure careers of impact,” said Christy Murray, associate dean and managing director of the McDonough Career Center. “We are grateful to our dedicated alumni, career coaches and advisors, faculty and staff, and all of our students for fostering a community of care and support throughout the career search process.”