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MASTER OF BUSINESS ADMINISTRATIONEMPLOYMENTREPORT 2020

LETTER FROM THEDIRECTORGreetings from the Graduate Business Career Center,It is my pleasure to share the 2020 Employment Report for our Full-Time MBA students here at the CarlsonSchool of Management. What a year 2020 has been for all of us. This pandemic and year of uncertainty hasforced our office to adapt and change quickly. Across industries we have seen changes in the way we work andhow we hire and onboard. We have been forced to look at our services and events and ask ourselves to workharder and do better to demand inclusivity. I cannot tell you how much we have appreciated the flexibility of ouremployer partners and our students during this time. With such a spirit of adaptability, positivity, and collaborationwe have been able to provide excellent virtual events that continue to connect our employers to our students.Thank you for being so supportive along the way.MAGGIE TOMASDirectorGraduate Business Career Centermtomas@umn.eduWe are so pleased to report that despite the challenges introduced in 2020, 90% of our FTMBA graduatesreceived offers by three months after graduation. Average starting base salary is 116,995, an increase of 3%from last year. The vast majority of these offers (75%) came from engagement with our office. As more studentsare looking at quality of life when they assess offers, they come to us with questions about benefit packages. Thisis the second year we tracked vacation/paid time off, and we saw an average of 3.5 weeks PTO across companiesand industries.The GBCC held over 855 employer meetings, hosted 136 companies, and organized 174 events across 9 programsduring the past year. Our coaches managed over 4,400 coaching appointments and delivered dozens ofworkshops. We strive to not only prepare our students well, but also deliver excellent customer service to ourcompany partners. As one recruiter remarked, “We commented multiple times throughout the day on how welltaken care of we were by the GBCC. We very much appreciated all of the hospitality and are always excited tocome back on campus and recruit with the GBCC and the caliber of students from Carlson.”2020 has truly been a year where our students exemplified business as a force for good. We saw students providebusiness support to local foodbanks and shelters, partner with arts organizations to help them adapt to changes indelivery due to COVID, and start ventures that provided food to frontline workers. This year has been unexpectedand challenging, no doubt. It has also filled me with hope about the generation of business leaders coming out ofthe Carlson School. I am excited to watch them continue to grow, lead, and give back to our local, national, andglobal community.Thank you for your ongoing partnership! Go Maroon & Gold!

FULL-TIME MBA - CLASS OF 2020EMPLOYMENT REPORT90%of 2020 graduates receivedemployment offers withinthree months after graduation88%92% with U.S. work authorization75% without U.S. work authorization93% with U.S. work authorization80% without U.S. work authorizationBase SalarySigning BonusMeanMean 116,995Rangeof 2020 graduates acceptedemployment offers withinthree months after graduation 65,000 165,000 27,967Range 10,000 95,000 117,012 with U.S. work authorization 116,900 without U.S. work authorization98GRADUATES91GRADUATES SEEKINGFULL-TIME EMPLOYMENT

FULL-TIME MBA - CLASS OF 2020EMPLOYMENT REPORTBY FUNCTIONPERCENTAVERAGE SALARYConsulting31% 124,364Marketing23% 113,094General Management18% 114,269BY INDUSTRYPERCENTAVERAGE SALARYConsulting20% 131,214Healthcare19% 114,500Consumer Packaged Goods14% 110,880Manufacturing13% 116,600SALARY UPFinance14% 121,125 8KSALARY UPFROM 2019!Operations & Logistics5% 101,950Technology10% 117,948Information Technology3%N/AFinancial Services10% 124,000Other Job Functions6%N/ARetail5% 6.5KFROM 2019!UP7% 121,250FROM 2019!Other Industries(incl. Non-Profit,Media, Government,Environmental Services,Hospitality)#28US NEWS & WORLD REPORTBEST BUSINESS SCHOOLS 20219% 93,884

FULL-TIME MBA - CLASS OF 2020EMPLOYMENT REPORT21%WHERE STUDENTS ACCEPTEDGRADUATE-INITIATED JOBSEARCH ACTIVITIESSOURCESOF EDRECRUITING ACTIVITIES59%6%ACCEPTED OFFERSCAME FROM SUMMERINTERNSHIPS!1%INTERNATIONAL0%

FULL-TIME MBA - CLASS OF 2021INTERNSHIP REPORTHOURLY WAGEMeanacceptedinternship offers100%BY FUNCTION 40.94RangePERCENTAVERAGE WAGEMarketing40% 37.36Finance19%UP11% 45.32FROM 2019!Consulting17% 47.99General Management9% 47.36Other Job Functions(incl. Operations,HR, IT)15% 34.2874STUDENTS 18.00 76.87 42.27 with U.S. work authorization 34.75 without U.S. work authorizationBY INDUSTRYPERCENTAVERAGE WAGEHealthcare26% 40.09Consumer Packaged Goods17% 42.80Financial Services12% 44.42Non-Profit12% 23.22Consulting7% 62.62Manufacturing7% 50.34Technology5% 37.07Retail5% 42.52Other Industries (Incl. Government, Energy,and Transportation/Logistics)9% 33.1558STUDENTS SEEKING INTERNSHIPS

COMPANIES THAT HIREDCARLSON SCHOOL MBA STUDENTS3MCARLISLE COMPANIES, INC.GOPHER ANGELSACCENTURECARLSON WAGONLIT TRAVELGRACO, INC.ADOBE SYSTEMSCASEY’S GENERAL STORESGREAT RIVER ENERGYAGRICULTURAL UTILIZATIONRESEARCH INSTITUTECERVELLOHEALTHFACTORS INC.COLLECTIVITYJOHNSON & JOHNSONPEREGRINE CAPITALMANAGEMENTCOLOPLAST CORP.LAND O’LAKES, INC.PIPER SANDLERCVSLAZARD MIDDLE MARKETPRAXXISDELOITTELOCKHEED MARTINPROCTER & GAMBLEDISHLOST&FOUNDRESPICARDIABIBLIATEECG MANAGEMENTCONSULTANTSM&T BANKSAP CONCURBINDECMC GROUPMCKINSEY & COMPANYSCHWAN’S COMPANYBLUECUBE BIOECOLAB INC.MEDTRONIC, INC.SLALOM CONSULTINGBOSTON SCIENTIFICFALCON FINANCIAL GROUPMICROSOFTSOCIAL ENTERPRISE MSPCALYXT, INCFEDEX SERVICESMIDCOSTATE OF MINNESOTACAPSULEFIELD NATIONMINNESOTA ARMY NATIONALGUARDSTEEPLECHASE ADVISORS, LLCCARGILLGENERAL MILLS, INC.MODERN REQUIREMENTSAMAZON.COMANAPLANAPEX CLEAN ENERGYARTHUR J GALLAGHERBGSD STRATEGIESNORTHROP GRUMMANCORPORATIONOPTIM INTERNATIONALOPTUMSUNRISE BANKS* Bold companies were top hirers in 2020MOST OFFERS MADE:BEST BRANDING:TARGET CORPORATIONTHE BIG KNOWTHE BOSTON CONSULTINGGROUPTHE CHARTIS GROUPTHOMSON REUTERSTHRIVENT FINANCIALTWELVE CONSULTING GROUPUNITEDHEALTH GROUPUNIVERSITY OF MINNESOTAUS BANCORPWELLS FARGOWHIRLPOOL CORPORATIONZS ASSOCIATES

FULL-TIME MBACLASS PROFILESCLASS OF 2021CLASS OF 202218%12%INTERNATIONAL STUDENTSINTERNATIONAL STUDENTS15%20%STUDENTS OF COLORSTUDENTS OF COLOR62%69%38%31%MALE STUDENTSMALE STUDENTSFEMALE STUDENTSFEMALE STUDENTSMEDIAN GMAT SCOREAVERAGE AGE AT MATRICULATIONAVERAGE FULL-TIME WORK EXPERIENCE690296.2 YEARSMEDIAN GMAT SCOREAVERAGE AGE AT MATRICULATIONAVERAGE FULL-TIME WORK EXPERIENCE670295.8 YEARSGEOGRAPHIC REPRESENTATIONGEOGRAPHIC TIONALINTERNATIONAL0%7%

Carlson MBA and MS ProgramsCarlson School of ManagementUniversity of Minnesota321 Nineteenth Avenue South, Suite 1-110Minneapolis, Minnesota 55455-0438

FULL-TIME MBA - CLASS OF 2021 INTERNSHIP REPORT Range HOURLY WAGE Mean 40.94 18.00 76.87 42.27 with U.S. work authorization 34.75 without U.S. work authorization accepted internship offers 100% 74 STUDENTS 58 STUDENTS SEEKING INTERNSHIPS BY FUNCTION PERCENT AVERAGE WAGE Mark