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FULL-TIME MASTER OF BUSINESS ADMINISTRATIONEMPLOYMENTREPORT 2021
LETTER FROM THEDIRECTORGreetings from the Graduate Business Career Center,It is my pleasure to share the 2021 Employment Report for our Full-Time MBA students here at the CarlsonSchool of Management. This year brought the continued challenge of a mostly virtual recruiting experience withour office. We continue to be so impressed with our students’ ability to be nimble in their approach to employerengagement and driven in their perseverance in the job search. We are grateful to our employers for thecontinued support of our full-time MBAs and we were consistently impressed with the creative ways employerschose to connect with students.MAGGIE TOMASDirectorGraduate Business Career Centermtomas@umn.eduWe are so pleased to report that during a year of disruption, and ambiguity, 95% of our Full-Time MBA graduatesreceived offers within three months after graduation. The average starting base salary is 112,235. The vastmajority of these offers (76%) came from engagement with our office. As more students are looking at quality of lifewhen they assess offers, they come to us with questions about benefits packages. This is the third year we trackedvacation/paid time off, and we saw an average of 3.5 weeks of PTO across companies and industries. Starting thisfall, we are also tracking the ability to work remotely or within a hybrid model. We hope that by gathering this datawe continue to support students and employers in the recruiting process.The GBCC held more than 675 employer meetings, sent out nearly 600 tailored resume books, and organized284 events across nine programs during the past year. Our coaches managed more than 4,000 coachingappointments and delivered dozens of workshops. We strive to not only prepare our students well but also deliverexcellent customer service to our company partners. As one recruiter remarked, “We only recruit from Carlson.The experience was excellent. Our team really enjoys working with the GBCC and finds them to be very helpful.Appreciate the partnership!”As a school, Carlson is truly trying to embody the slogan, business as a force for good. We are consistentlypleased to see how our students display this in their interests to work for companies that are making an impactin the world and community. As a staff, we are consistently trying to embody business as a force for good in theway we work with our students, ensuring every student feels included and supported. We are investing more inearly career exploration, and we are ensuring that all coaches, graduating students, and recruiting partners havethe opportunity to go through bias training. This past year, we also reflected on our large-scale programming andcreated a process to ensure our workshops speak to and support all students. Our hope is that each student canproject their best and most authentic version of themselves when they engage with employers. We are excited forall our recruiting partners to continue to connect with and welcome our multi-faceted MBA students.As always, thank you for your ongoing partnership! Go Maroon & Gold!
FULL-TIME MBA - CLASS OF 2021EMPLOYMENT REPORT95%of 2021 graduates receivedemployment offers withinthree months after graduation96% with U.S. work authorization91% without U.S. work authorizationBase SalaryMean 112,235Range 47,978 160,000 113,069 mean salary with U.S. work authorization 108,898 mean salary without U.S. work authorization 117,916 mean salary for women 109,388 mean salary for non-business undergrad majors93%of 2021 graduates acceptedemployment offers withinthree months after graduationSigning BonusMean93% with U.S. work authorization91% without U.S. work authorization71GRADUATES 25,763Range 2,50057 50,000GRADUATES SEEKINGFULL-TIME EMPLOYMENT
FULL-TIME MBA - CLASS OF 2021EMPLOYMENT REPORTBY FUNCTIONPERCENTAVERAGE SALARYBY INDUSTRYPERCENTMarketing42% 97,349Healthcare30%General Management19%DOUBLE 120,827Consumer Packaged Goods23%NEARLYFROM 2020!Consulting15% 133,571Technology13%Finance9% 127,900Manufacturing9%AVERAGE SALARYINDUSTRYUP FROM19%IN 2020! 116,094 105,250 100,000 120,655SALARY UPOperations & Logistics9% 109,400Consulting8% 141,250Financial Services6%N/ARetail4%N/AOther Industries(incl. Non-Profit, Energy,& Transportation)7% 88,333 10KFROM 2020!Other Job Functions(incl. HR & IT)#66%ECONOMIST 2021FULL-TIME MBA PROGRAMIN THE UNITED STATES 111,667#28U.S. NEWS & WORLD REPORTBEST BUSINESS SCHOOLS 2022
FULL-TIME MBA - CLASS OF 2021EMPLOYMENT REPORTWHERE STUDENTS ACCEPTED24%GRADUATE-INITIATED JOBSEARCH ACTIVITIESSOURCESOF JOBSACCEPTED76%SCHOOL-FACILITATEDRECRUITING ACTIVITIES6%UP3%FROM 202013%74%53%ACCEPTED OFFERSCAME FROM SUMMERINTERNSHIPS!2%2%2%
FULL-TIME MBA - CLASS OF 2022INTERNSHIP REPORTHOURLY RATEMeanacceptedinternship offers100%BY FUNCTION 45.05Range 12.50 85.94BY INDUSTRYPERCENTAVERAGE WAGEHealthcare28% 44.56Consulting16% 69.13Manufacturing13% 43.86Consumer Packaged Goods8% 44.17Technology7% 49.53N/AFinancial Services5%N/AN/AHospitality3%N/AOther Industries(incl. Government, Real Estate, & Retail)13% 33.88PERCENTAVERAGE WAGEMarketing36% 40.36UP FROMConsulting26% 58.00IN 2020Finance12% 39.47General Management5% 49.71Operations3%Human Resources3%Other Job Functions(incl. Business Analytics& Sustainability)71STUDENTS15% 45.92 with U.S. work authorization 35.08 without U.S. work authorization 38.6061STUDENTS SEEKINGINTERNSHIPS7%6STUDENTS RECEIVED A SANDS FELLOWSHIPwhich supports students interested in starting their own social venture
COMPANIES THAT HIREDCARLSON SCHOOL MBA STUDENTS3MFEDEX SERVICESPIPER SANDLERAMAZONFORTIVEPOST CONSUMER BRANDSAPEX CLEAN ENERGYG&F FINANCIAL GROUPPROCTER & GAMBLETHE BOSTON CONSULTING GROUPGENER8TORPROVIDENCE HEALTH GROUPBOSTON SCIENTIFICGENERAL MILLSRESIDEOCARGILLJOHNSON & JOHNSONSAMSUNGCARLISLE COMPANIESKIPSUSCHWAN’S COMPANYTHE CHARTIS GROUPLAND O’LAKESSLALOM CONSULTINGCIGNAMCKINSEY & COMPANYSURESCRIPTSCLAROS TECHNOLOGIESMEDTRONICTACO JOHN’SDELOITTEMICROSOFTUNITEDHEALTH GROUPDOMINO’S PIZZANORTHROP GRUMMANUNIVERSITY OF MINNESOTAECOLABOPTUMVERITAS TECHNOLOGIESEDWARDS LIFESCIENCESPANASEER INCWHIRLPOOL* Bold companies were top hirers in 2021MOST OFFERS MADE:BEST BRANDING:BEST NEW RECRUITING PARTNER:for its creative approach to recruiting studentsfor all of its first-year efforts
FULL-TIME MBACLASS PROFILESCLASS OF 2022CLASS OF 202312%26%INTERNATIONAL STUDENTSINTERNATIONAL STUDENTS15%13%STUDENTS OF COLORSTUDENTS OF COLOR69%66%31%34%MALE STUDENTSMALE STUDENTSFEMALE STUDENTSMEDIAN GMAT SCOREAVERAGE AGE AT MATRICULATIONAVERAGE FULL-TIME WORK EXPERIENCEFEMALE STUDENTS670295.8 YEARSMEDIAN GMAT SCOREAVERAGE AGE AT MATRICULATIONAVERAGE FULL-TIME WORK EXPERIENCEGEOGRAPHIC REPRESENTATION670306 YEARSGEOGRAPHIC IONALINTERNATIONAL1%1%
Carlson MBA and MS ProgramsCarlson School of ManagementUniversity of Minnesota321 Nineteenth Avenue South, Suite 1-110Minneapolis, Minnesota 55455-0438
BEST BUSINESS SCHOOLS 2022 #6 ECONOMIST 2021 FULL-TIME MBA PROGRAM IN THE UNITED STATES FULL-TIME MBA - CLASS OF 2021 EMPLOYMENT REPORT BY FUNCTION PERCENT AVERAGE SALARY Marketing 42% 97,349 General Management 19% 120,827 Consulting 15% 133,571 Finance 9
