Owen sets NEW SALARY RECORDS!

Question

I'm sure many of you have seen that the MBA market is strong right now, and Owen isn't only riding the wave of successes, but racing right past it! Salaries at Owen have risen over 7% in the past year, outpacing many of our peers in the top tier of business schools. Not only that, 100% of students were placed in internships, and 93% of students had offers within 3 months of graduation (I personally knew several seeking "just in time" offers who actively chose not to begin searching until graduation).

Just a few fun notes from the employment report:
-26% of the class went into consulting (hiring firms included BCG, Bain, Big 4 [Deloitte, EY, KPMG, PWC], ZS Assoc., ECG Health Care, and others)
-Median starting salary was $135,000 (for reference, $140,000 is median base for consulting and private equity at Booth)
-Median starting salary for i-banking MATCHED Booth ($125,000)
-Tech jobs have boomed, with interns and graduates at: Google, Uber, Microsoft, Amazon, Intel, HP, and more)
-Students placed into 28 major metro areas

I know that I'm glad I snuck into Owen while I could, and am proud to see what my classmates are accomplishing in their professional careers! I would encourage you to take a look at the employment report for your self, which can be found through the Career Management Center's site:
https://www.owen.vanderbilt.edu/employe ... report.cfm
For Booth data, here is the link from P&Q:
https://poetsandquants.com/2015/09/28/m ... ago-booth/

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bradical213 · Answer

Wondering if from experience you know what type of roles/specialities are typically filled/recruited on the tech side of things, with companies such as the ones you mention. Operations? Marketing? All of the above?

drivechipputt · Answer

Yea, that's a really good question to ask (and one that far too few people realize to ask). The jobs really run the gamut, although for some roles we are a 'core' program where they'll recruit a minimum number of students every year. Amazon is one such example, where we routinely send ~10 students into the "Pathways" program, which is an operations management job. We also sent someone into product management there. Microsoft has Owen targeted for HR global leadership development program, a pathway to go down the Chief Human Resources Officer track, but we also sent someone to do business development. Uber jobs were for operations manager, where you launch new products (such as Uber Eats) in a market.

I hope that sheds some more light. I think the major takeaway is that there are a number of roles where we are a core school, and others (albeit fewer) where you will still recruit, but not as a target school.

bradical213 · Answer

Yes that's very helpful! I specifically was wondering if product management was among the positions, and so it seems it is a possibility.

bradical213 · Answer

Unrelated question: given that your name is drivechipputt.... were you a member of the golf club at Vanderbilt?

TepperBound71 · Answer

Hi drivechipputt, you mentioned that you knew people looking for jobs at the end of the program and were looking for "just in time" offers. What is the reason that someone would want to wait so late? Is there any sort of benefit out of waiting besides more classes under their belts?

Thanks in advance!

drivechipputt · Answer

@bradical213- i do love to hit the inks every once in a while, and fortunately we had a great Golf Club at Owen. Dues were like $30 and i feel like we got a couple hundred worth of value. Plus, there's a solid public course within 5-10 minutes of campus that only cost $13. I'm glad that I was able to lower my handicap by the time school ended!

Good question re: JIT offers. Of course, everyone's motivation is different, and if you are someone who is coming to Owen with a general idea of what you want to do, you'll be golden. Many of us recruit for multiple functions (health care is especially like this, since you can choose from consulting, marketing, administration, etc.), and honestly, you'll get the offer for where you best fit in. Several of my classmates were uncertain of where they would be geographically for personal reasons (a great example being someone who had an offer to return to her internship but needed to move to Atlanta, and now works for Coca Cola). Finally, a lot of tech jobs don't open up until really late (a classmate of mine just began her first day at HP yesterday!) so you have to gamble a bit if there's a specific firm you're interested in.

Hope that helps!

bb · Answer

Owen sets NEW SALARY RECORDS!

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