emory university goizueta business school reports a 99% employment rate for members of its full-time mba class of 2021. file photo the coronavirus pandemic recedes further and further in graduate business education’s rearview — in some ways more than others. the global health crisis hit emory goizueta mbas harder in 2020 than most of their counterparts at other schools. but the new class has reversed the losses, and then some: at three months after graduation, 99% of emory’s mba class of 2021 had received and accepted job offers. at graduation, 91% of the class received a full-time offer, representing an 8 percent increase over the previous year. last year, emory mbas made an average base salary of $130,112, up from $127,248 in 2019. that’s about 2.2% and it was among the lowest starting salaries in the top 25 in 2020. now, goizueta reports that this year’s mbas earned an average starting base salary of $134,700, up $4,588, or 3.5%. moreover, goizueta’s 2021 mbas saw a bump in signing bonuses as well, with the class average growing to $29,151 from $28,076 in 2020.
“the goizueta mba is the only top-ranked mba offering world-class academics and small-by-design classes delivered in a dynamic, global city. increasingly, outside of consulting, which has traditionally been the school’s primary industry. consulting, however, is still king at emory goizueta, with 37% of 2021 graduates entering the industry, up from 34% last year — one of the lowest years for consultants at the school, a year that increasingly looks like an outlier. consultants in the class of 2021 secured a mean salary of $148,007 and a median of $158,000, the latter of which was a slight decline from last year’s $160k (see table above). goizueta mbas also expanded their presence in the west and northeast, but particularly in the south — no surprise since 75% of fortune 1000 firms now have a presence in atlanta. the goizueta career center will release the full mba class of 2021 employment report and class of 2022 internships report in the next few weeks.
it’s the story of the pandemic — at least where mba jobs are concerned. among top-25 schools, we’ve seen it again and again — and now we see it at emory university, where goizueta business school has just released its 2020 mba employment report showing that, indeed, job offers decreased in the coronavirus-plagued year of 2020 while average starting salaries and bonuses increased. but while offers and acceptances were down for the 181 members of the class of 2020, average starting salary increased to $130,112, up 2.3% from last year’s $127,238, and average starting salary-plus-bonus jumped to $158,153 from $149,575 — an increase of 5.7%. “but i’m thrilled with the resilience our students have shown — which will serve them well throughout their careers — and the close connections with employers goizueta’s career management center has leveraged to deliver extraordinary employment outcomes for the class of 2020.” consulting continues to be where goizueta places most of its graduates, but it fell considerably this year, down from nearly half the class of 2019 — 45% — to 34% in 2020. financial services benefited the most, growing to 31% of the class from 16%, while technology grew to 16% from 12%.
consulting may have slipped but emory mbas in the industry still make the most money. the median base salary for graduates accepting roles in consulting services is $160,000 in 2020, up from $145,000 last year, a 10.3% increase. most (58%) mbas graduating from the atlanta, georgia b-school stay in the u.s. south, an increase from 50% in 2019, while 15% head for the northeast corridor of new york-boston (down from 18%), and 12% go west to california or seattle, exactly the same amount as in 2019. most of the jobs accepted by goizueta mbas in 2020 came from internships: 52%. by industry, most of goizueta’s rising second-years again worked in consulting (30%), but it was a much closer race for second place, with finance internships accounting for 20% of the class and tech summer jobs 19%. forty-three percent of summer jobs were arranged through the school this year, up slightly from last year’s 41%.
note: compensation information is self-reported. 96% of students who reported accepting offers also reported salary data. * salary data is not reported for source of employment offers ; internships, 38% ; student-initiated, 18% ; school-scheduled interviews, 17% ; job postings, 15%. now, goizueta reports that this year’s mbas earned an average starting base salary of $134,700, up $4,588, or 3.5%. over the past four years,, emory mba class profile, emory mba class profile, georgia tech mba employment report, unc mba employment report, emory mba employment report 2020.
but while offers and acceptances were down for the 181 members of the class of 2020, average starting salary increased to $130,112, up 2.3% from now, goizueta reports that this year’s mbas earned an average starting base salary of $134,700, up $4,588, or 3.5%. over the past four years, in addition to unprecedented employment rates, goizueta mba graduates garnered the highest salaries in the school’s history. graduates reported, vanderbilt mba employment report, emory mba acceptance rate.
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