Georgetown MBAs Achieve Record Salaries After Graduation
The Full-time MBA Class of 2022 took McDonough’s employment outcomes to new heights in their post-graduate roles with an average base salary of $138,552, up from $126,107 last year, and an average signing bonus of $36,342.
According to the 2022 Employment Report, 96% of students received a job offer within three months of graduation and 95% accepted their offers – tying last year’s placement records as the highest levels ever achieved by Full-time MBA graduates. The record-setting average salary marks a 10% increase from 2021, with bonuses increasing by 6%.
“The outcomes presented in this report are a testament to the extraordinary talent in the Class of 2022,” said Christy Murray, associate dean and managing director of career services at Georgetown McDonough. “These students began their MBA journey amid ongoing disruptions and uncertainty from the global pandemic, yet through their hard work, perseverance, and commitment to excellence, they were well positioned to secure impactful roles in business across a wide range of industries and sectors.”
The top industry for MBAs in 2022 was consulting at 29%, followed closely by financial services at 25%. Technology was the third most popular industry at 18%, while consumer goods (7%), healthcare (5%), and social impact, government, and nonprofit roles (7%) all saw increases over the past year. The top employers included Amazon, Boston Consulting Group, Capital One, Citigroup, EY, Goldman Sachs, IBM, L.E.K. Consulting, Microsoft, PwC, and ZS Associates.
88% of job acceptances were facilitated by Georgetown’s McDonough Career Center, up from 78% last year, and 43% of Full-time MBA acceptances were converted from prior internships.
Among the Class of 2023, 100% of students seeking internships secured one, with an average monthly cash compensation of $9,540, up 28% from last year. A total of 84% of internships were facilitated by the school.
McDonough Career Services offers a first-rate team of professionals, student peer advisors, and alumni volunteers to support student and alumni career success. Career preparation is woven throughout the McDonough MBA program with strong collaborations among academics, co-curricular programs, student initiatives, and alumni support. The highly successful ‘One McDonough’ career events continued into their second year, which are designed to help students across all of the school’s academic programs develop the skills and strategies needed to be successful in the changing recruiting landscape.
“Georgetown MBAs participate in a personalized approach to their job search process, which includes immersive student-led Career Days, opportunities for global exposure, and access to a dedicated alumni community for meaningful mentorship and networking experiences,” said Kerry Kidwell-Slak, director of career curricula and communications. “These opportunities, in addition to our passionate team of certified career coaches and advisors, ensures our students have exposure to the positions that align with their personal ambitions and goals.”
Tapping into a strong network of over 28,000 McDonough alumni, MBA students also had the opportunity to leverage the MBA mentorship program to navigate academic, career, and personal challenges and discuss career growth strategies with alumni from the extended Georgetown community. This year, the program paired 190 Full-time MBA students with alumni.
In the spirit of Georgetown, hundreds of alumni from all over the world mobilized for the second “Hoyas Helping Hoyas” campaign to support student success. Alumni posted jobs, offered networking opportunities, shared industry insights, and made themselves available in a broad capacity to help McDonough MBA students reach their career goals.
“The power of community at Georgetown McDonough is palpable,” said Murray. “I am constantly impressed by the dedication of our alumni base and their ongoing support of students, whether it be supporting recruitment at their companies, mentoring current students, returning to campus for career events, or simply picking up the phone when a fellow Hoya calls, our alumni are integral to the Georgetown McDonough experience.”
Georgetown offers unparalleled opportunities for students to leverage experiential learning opportunities and community events. The Executive Challenge welcomed over 100 alumni back to the Hariri Building to serve as judges in the annual leadership communication case competition. Students traveled across the world to work with multinational firms for their signature Global Business Experience course. They also have the opportunity to deepen their understanding of specific issues through a selection of certificate programs, including new certificates in Global Real Estate and Sustainable Business.
“Through networking opportunities with the Georgetown Marketing Association and Graduate Women In Business clubs, support from the McDonough Career Center and peer advisors, and advice and mentorship from second-year students, I gained so much confidence,” said Carol Allen (MBA’22), associate brand manager at Campbell’s. “I would not be the leader I am today without the groups and organizations that McDonough allowed me to be a part of.”