Georgetown MBA Class of 2015 Sees Increases in Salary, Placements
With a 7-percent increase in average starting salary and a 15-percent increase in average signing bonuses, the Georgetown University McDonough School of Business Full-time MBA Class of 2015 demonstrates the continued results of an innovative career strategy.
“Over the past five years, the MBA Career Center has implemented new technologies, certified its staff as career counselors, expanded networking opportunities with alumni, and increased employer interactions,” said Doreen Amorosa, associate dean and director of the MBA Career Center. “We are pleased to see the impact of these initiatives on our students’ success.”
Data from the 2015 Employment Report includes:
- Offers received at graduation increased to 78 percent (up from 73 percent) and offers accepted at graduation rose to 73 percent (up from 70 percent);
- The average starting salary rose 7 percent to $108,789 and the average signing bonus rose 15 percent to $27,219;
- Internship conversions accounted for 45 percent of all jobs accepted (up from 43 percent);
- Financial services and consulting combined for 61 percent of job placements (up from 56 percent);
- Finance and consulting functions combined for 63 percent of placements (up from 60 percent);
- Tech now is the third most popular industry among our graduates and the third best compensated among Georgetown MBA graduates;
- Location concentrations were mostly in the Northeast (42 percent) and Mid-Atlantic (32 percent); and
- School-facilitated job placements were at 68 percent, up from 46 percent in 2010.
The MBA Career Center begins its programming before classes begin. Incoming students participate in a career search course the summer before they enroll, which has resulted in internship placements for more than 99 percent of students seeking one for the past three years. The MBA Career Center also continues to attract record numbers of recruiters to campus, in addition to organizing national and international career treks that take students to employers. All advising staff in the office are certified career counselors with expertise in specific industries.
The Hoyas Helping Hoyas program, which facilitates networking among alumni and students, also has had an impact. Additionally, the school has begun implementing MBA Career Conversations, a technology that allows MBA alumni and current students to serve as both advisors and advisees for one another, to complement university-wide career and networking services. This year, the MBA Career Center also has implemented McDonough CareerView, a leading-edge recruitment technology solution for employers, students, and the MBA Career Center staff.
The enhancements to Georgetown’s MBA Career Services are in concert with other advances across the program. Since 2013, Full-time MBA applications have increased 43 percent, resulting in a larger class size that is both more diverse and credentialed. A new curriculum to develop students into global-ready business leaders implemented in 2012 added more multidisciplinary coursework, semester-long courses, a new Structure of Global Industries opening term that complements the Global Business Experience capstone, a new core course on Principled Leadership in Business and Society, and a greater focus on analytical, quantitative, and strategic thinking.
“Georgetown’s MBA program has introduced significant innovations across all areas,” said Prashant Malaviya, senior associate dean for MBA programs. “The work of our admissions, program office, and career teams, as well as our outreach to alumni, has resulted in an MBA program that is on the rise, marching toward our vision of becoming the premier destination for global business education.”