Professional Documents
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Duke Mba Employment 2021
Duke Mba Employment 2021
Duke Mba Employment 2021
EMPLOYMENT REPORT
2021
fuqua.duke.edu/programs/daytime-mba/career-development
TABLE OF CONTENTS
hello.
As I share the employment data for the Daytime Classes Despite the changing world into which this class graduated,
Message from the Associate Dean 2
• Mean annual salary rose 4% over last year, from $135,935 to $141,109,
also a new high. The consulting, technology, and financial services
sectors saw salary gains of 3–5 % each.
Sherlye Dirks
Associate Dean
for Career Management
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 EXECUTIVE SUMMARY
about
the report
•O
ur data is in
compliance with
the standards of the
MBACSEA (MBA
Career Services &
Employer Alliance)
we believe
for data gathering
and reporting.
•
Our goal is that every one of
our students drive their unique
career search successfully.
We achieve this by being
relevant with both students
and employers, by teaching
students a repeatable job search
process they can own, and by
carefully targeting new employer
relationships based on the great
work they are doing today and
are anticipated to continue into
the future.
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 EXECUTIVE SUMMARY
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 EXECUTIVE SUMMARY
hiring
These are the 47 employers hiring multiple Duke MBA graduates for full-time positions in 2021.
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021
pursuing
full-time
jobs
DAYTIME MBA 2021 GRADUATES
338
131
Company-sponsored, already employed
22
Starting a business
3 unique employers
Postponing search or not seeking hired at least one
5 Class of 2021 graduate
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 PURSUING FULL-TIME
THE DUKE NETWORK ADVANTAGE timing of first job offers top 5 sources of full-time jobs
“Fuqua enabled me (N=338 GRADUATES IN JOB MARKET) (N=326 GRADUATES)
SCHOOL-FACILITATED ACTIVITY SCHOOL-FACILITATED ACTIVITY
to pivot functions,
moving from
50 %
10 %
by graduation
fundraising to strategy TOTAL JOB OFFERS PERMANENT WORK AUTHORIZATION NON-PERMANENT WORK AUTHORIZATION
and planning in the
introduced me to
friends and traditions
from around the
world.”
98
(N=338)
%
98
(N=244)
%
96
(N=94)
%
8 %
8 %
- Class of 2018 graduate
job postings conversion of internship
80+20
timing of job acceptance on school career system, or resumes
provided by career center
internship obtained through
graduate-initiated sources
(N=338 JOB-SEEKING GRADUATES)
GRADUATE-FACILITATED ACTIVITY
THE DUKE MBA ADVANTAGE
6 % 20%
“Our
partnership with by graduation
Fuqua has enabled us to TOTAL JOB ACCEPTANCES PERMANENT WORK AUTHORIZATION NON-PERMANENT WORK AUTHORIZATION
GRADUATE-
go deeper in identifying FACILITATED
87 %
90 %
79 %
ACTIVITIES
talented students to join
BCG – these students
consistently exhibit personal contacts
consequential leadership, (N=338) (N=244) (N=94) (i.e. previous employers, family,friends
outside of school, etc.)
80%
a passion for taking on the SCHOOL-
FACILITATED
toughest problems, and by three months post-graduation ACTIVITIES
the “decency quotient” for TOTAL JOB ACCEPTANCES PERMANENT WORK AUTHORIZATION NON-PERMANENT WORK AUTHORIZATION
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021
industries
employing
our mbas
fortune
WHERE ARE THEY WORKING?
10 x 8
Of the Fortune 10
Duke MBA graduates accepted
new positions in over 15 different companies, eight
industries, reflecting the breadth actively recruited Duke
of interest in our students among 2021 MBA graduates
a wide range of employers.
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 INDUSTRY EMPLOYMENT
consulting
hospitality
32%
agribusiness
technology
27%
media/entertainment
financial services technology (RADIO/TV/CABLE/FILM)
financial services
manufacturing
17%
health care
retail consulting 10%
consumer
health care packaged goods consumer packaged goods
real estate
(COMMERCIAL)
non-profit
6%
The breadth of career interests among our students
and across employers is complemented by depth
in four key industries employing roughly 85% of
students reporting their new positions: Consulting,
government Technology, Financial Services, and Health Care.
An additional 6% of students are employed in
Consumer Packaged Goods.
transportation/ energy
logistics
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 INDUSTRY EMPLOYMENT
Almost nine in ten 2021 Duke MBAs Within the Technology industry, roughly half of Over half of the 2021 graduates entering the Financial Three Health Care sub-catgories attract the vast majority
entering the consulting industry are doing so our 2021 graduates accepted positions in internet Services industry accepted employment in Investment (80%) of 2021 health care graduates. One-third of
as a strategic/general/ management consultant. services/e-commerce segment. Software was the Banking and brokerages. While about 18% of graduates graduates are employed in the Providers / Payers
Technology consulting is a growing sub-categoy next favored segment, with slightly fewer than one-fifth characterized their industry as “other” financial services, sector, just slightly more than accepted positions in
among these Duke MBAs, while human capital, of 2021 MBAs taking positions in this field, while the next industry sectors attracting our graduates are Biotech / Pharma. Medical devices rounded out the
financial, and biotech consulting filled out the equipment / hardware / networking and general asset management (buyside) and insurance. Only a top three sub-categories with one-fifth of our MBAs
remaining accepted positions. technology each attracted 12%. “Other” tech and few Duke MBAs opted to pursue Diversified Financial pursuing careers in this industry segment. Health care
multimedia products and services were less Service, Investment Management, and Hedge industry sectors appear more balanced in their appeal
frequently pursued. Fund industries. to Duke MBAs.
Percent of MBA graduates entering industry The Technology industry is the most dynamic
in terms of employment among Duke MBAs,
and has shown real growth over the past five
years. While Consulting has been essentially
flat over this time, Financial Services has seen
35% moderate fluctuation in the percent entering
33% this industry.
32% 32% 32%
31
%
30 %
HEALTH CARE
2017 2018 2019 2020 2021
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 MAJOR EMPLOYMENT LOCATIONS
top ten major cities U.S. job locations 2021 job locations: major U.S. regions and cities
New York New York New York New York New York
In 2021, continued pandemic conditions impacted the fluidity of international travel, visa availability, and near term interest in global positions.
Roughly 3% of Duke MBA full-time positions were outside the U.S. Of the domestic positions accepted by our MBA graduates, three quarters, or
75%, were located in one of the cities mapped above. International positions were in Shanghai, Shenzhen, Seoul, Paris, Mexico City, and Toronto.
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021
employment
by
function
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 AREAS OF DEPTH
impact investing
consulting
33%
enterprise business
(DATA ANALYTICS)
finance
19%
general management clinical research
other
general management
18%
finance
marketing/sales marketing/sales
14%
human resources
consulting csr/sustainability
(CORPORATE SUSTAINABILITY)
operations/logistics
6%
Consulting remains the role accepted by the
largest number of Duke MBAs in 2021, with
several graduates taking on consulting roles in
non-consulting organizations. One-third of
information technology operations/logistics graduates are consulting in their new positions.
Slightly less than 20% of graduates have taken
finance positions, about 18% have accepted
general management roles, and 14% are working
in marketing functions.
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 FUNCTIONAL EMPLOYMENT
Strategic/general/management consulting Over half of Duke 2021 MBAs with a finance role About one-third of 2021 MBA graduates taking on a general Brand and product management positions, which are used
accounts for almost all of the consulting roles in their organization are in an investment banking management position take a product management role, which interchangeably in some industries, were accepted by a
our 2021 graduates accepted, consistent with position. Corporate finance is the career path one-fifth enables broad cross-functional engagment. A solid 22% of majority of Fuqua 2021 marketing/sales graduates. These
previous years. Internal and other consulting of Duke finance MBAs take initially. Finally, private these graduates were accepted into a leadership development positions account for two-thirds of the total number of
positions account for the majority of the equity/venture capital accounts for slightly less than program, with another 40% performing a wide range of general, marketing and sales functional roles. Very few 2021 Duke
remaining positions. 10% of these graduates. corporate strategy, or business development roles. MBAs entered into a traditional sales position.
2%
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 FUNCTIONAL EMPLOYMENT
10 %
CONSULTING
FINANCE
5%
GENERAL MANAGEMENT
MARKETING/SALES
2017 2018 2019 2020 2021
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021
compensation
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 COMPENSATION
$
141,109 $
34,958 technology health care
“Simply put, Fuqua is
spectacular. We see
$
134,360 $
132,236
(N=315 TOTAL REPORTING BASE SALARY) (N=284 TOTAL REPORTING SIGNING BONUS)
immediate impact from
Duke MBAs interning
wide PERMANENT WORK AUTHORIZATION
with us and coming on
open
consumer packaged goods retail board full time. There’s
differentiated talent
A wide range of
$
119,800 $
117,778 delivering differentiated
results.
organization types is
represented among annual salary signing bonus Unquestionably one
non-profit
those hiring: of the reasons Duke
• 75 Public
• 37 Private
$
141,474
(N=231)
$
33,150
(N=205)
$
101,663
MBAs do so well at Dell
is cultural fit. There’s
an uncanny similarity
• 7 Partnerships between Dell and the
Team Fuqua ethos. ‘It’s
• 3 Non-Profit
NON -PERMANENT WORK AUTHORIZATION not as much fun winning
• 2 Government alone’ is a good way
• 2 Subsidiaries to describe how Dell
culture feels and what I
• 1 Family
felt at Fuqua when I
• 1 start-up annual salary signing bonus
was there.”
- Dave Lincoln
$
140,108
• 1 education
39,649
VP, Networking & Emerging Server
$ Solutions
Dell Technologies
(N=84) (N=79)
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 COMPENSATION
consulting
$
156,275 north america
$
141,945
finance
$
139,490
operations
$
133,876
general management asia
$
116,297
$
132,881
human resources
$
130,000
marketing/sales
$
127,185
TOO FEW STUDENTS REPORTING COMPENSATION IN LATIN AMERICA, OCEANIA, AFRICA, AND EUROPE.
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021
major
employers
by industry
one size
does not
WHO’S HIRING? fit all
Both the caliber of employers More 2021 Duke MBA
recruiting our MBA graduates and graduates were hired into
the number of graduates they hire organizations with 1,000 to
each year are a testament to the 50,000 employees than any
relationships built and maintained by other size firm. Over half of
Fuqua’s CMC and to the value that our 2021 graduates will work in
graduates bring to these employers. organizations with 1,000 to
100,000 employees.
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 MAJOR EMPLOYERS BY INDUSTRY
consumer
consulting technology financial services health care packaged goods
3+ NON-SPONSORED HIRES 3+ NON-SPONSORED HIRES 3+ NON-SPONSORED HIRES 3+ NON-SPONSORED HIRES 3+ NON-SPONSORED HIRES
Deloitte
3 3 “Duke MBAs excel at Clorox because the two cultures
are so well-aligned: people that take work/results
12 Dell Wells Fargo
EY—Parthenon 7 3 seriously but not themselves. Duke@Clorox continues
to grow and embody the best parts of Fuqua which
7 Facebook
help make our company stronger: a diverse,
Kearney 3 supportive, impactful group that celebrates each
3 Google other’s individual and collective success.”
LEK Consulting
5
5 Linkedin
- Dan Tudesco
Associate Director,
Pet Channel
McKinsey The Clorox Company
24 3
THE DUKE NETWORK ADVANTAGE
PwC Microsoft
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021
technology
industry
recruiting
trends
27 %
reason? The many exciting
Tech innovations–from industry
disruptions such as in retail,
real estate, and automotive to
In 2021, 27% of full-time
the increased use of the Cloud–have acceptances were in the
increased Duke MBAs’ interest in Technology sector
making their career in tech.
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 TECHNOLOGY INDUSTRY RESOURCES
technology
MY CAREER STORY
Michael stayed in his hometown of Atlanta to study Industrial
Engineering at Georgia Tech. Pre-MBA, he worked as a business
strategy consultant at Accenture and as a Strategy and Corporate
Development Manager at LexisNexis. By interacting with others
Growth in Tech recruiting is expected in tech, Michael realized a tech career would be his best post-
to continue, as is the demand for Fuqua MBA path.
graduates. The collaborative culture at
most tech companies mirrors the culture of Here is Michael’s story.
teamwork and collaboration at Fuqua. This is
one of the reasons that hiring managers in
Why Tech?
tech have success at Fuqua hiring the talent Michael Gilkenson
Product Manager “As a consultant in the communications and technology industry,
they are seeking. Microsoft Corporation
I saw that technology was constantly reshaping how the world
operates. My work mostly focused on how to incorporate
In addition to tech marketing, operations, and
new technologies into a business, or how to respond to
finance roles, we see Product Management “Based on my own emerging technological trends. I learned that a tech career
becoming one of the most in-demand tech recruiting journey, I would be stimulating and fulfilling, as well as provide a fantastic
functions for Duke MBAs. In fact, we have seen think everything ends environment that would allow me to learn and develop as a
large Tech companies like Amazon, IBM, and leader.“
THE DUKE CMC ADVANTAGE up working itself out
Cisco even extend Product Manager offers to
MBAs who do not have a Tech background, either in the end. I think it is
academic or in pre-MBA experiences.
“My
Duke MBA important to stay true Michael’s Fuqua Resources
opened the doors to to your goals, work “The Tech Club helped prepare me with the background
work in tech. That knowledge, preparatory materials, and peer groups to be
hard, and be patient.”
has resulted in an successful in my tech interviews. The Design and Innovation Club
increase in gross workshop series was super helpful in giving me exposure to skills
comp of 2x+. More I would need to hone while working in Product Management.
importantly it’s given
Michael Wong, the CMC technology sector director, is a fantastic
me security to take resource for students, and always helps connect students to
risks in my career Fuqua alumni and his other industry connections. Also, Professor
and do more since I Carl Mela’s class, Value Creation in Martech, exposed us to a vast
know Fuqua on my array of emerging tech companies specifically in the martech
resume opens doors space.”
everywhere.”
- Class of 2018 graduates
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 TECHNOLOGY INDUSTRY RESOURCES
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 TECHNOLOGY INDUSTRY RESOURCES
&
compelling
courses 205 %
450%
Fuqua offers many technology courses
that enable students to master skills in
managing the innovation and change of
technological advances. These courses
unique
include: New Ventures (1, 2, and 3)
aimed at identifying and executing on
experiences One large Tech employer has
increased their full-time offers to
Duke MBAs by 205% over the past
innovative opportunities; Technological
five years, while increasing the
Transformation of Business; Managing Duke MBA Tech students gain real-world number of Product Manager offers
Innovations; Marketing Innovations; and experience in the Fuqua Client Consulting to Duke MBAs by 450% during this
Value Creation in MarTech (Marketing & Practicum (FCCP). Here, teams of about same five-year period.
Technology). five students address a strategic or
operational issue facing a business, and
Duke MBA students can also take courses through collaborative consulting, bring
offered through Duke University’s Innovation new insights and actionable ideas to that team
Co-Lab, including introductory courses for organization. Supported by Fuqua faculty,
programming languages and design tools, FCCP advisors, and the organization’s
Fuqua
such as “Ruby on Rails” and Adobe XD. management, these teams help solve spirit
real-life challenges over 12 weeks.
The Team Fuqua spirit that permeates
Client organizations range from multinational the student body continues on after
graduation. Fuqua Tech alumni are invested
organizations to university spin-outs to start-
in seeing our Tech MBAs succeed. They
ups, across an array of industries and functions. serve as mentors and help students navigate
Students apply theory to real-world situations, through first year Tech recruiting, they offer
further develop their leadership skills, and mock interviews, and they serve as panelists
to talk about their experiences in Tech. And,
make important industry connections. importantly, Fuqua Tech alumni are very willing
to help students make connections for casual
coffee chats, informational interviews, and
identifying hidden positions.
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021
internships
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 INTERNSHIPS
37 %
26 %
function, industry, and
location. I successfully
made this career pivot with
the help of the CMC career scheduled interviews job postings
coaches and second year THE DUKE NETWORK ADVANTAGE on or off campus for on school career system, or resumes
intern employment provided by career center
MBA students.”
“Fuqua’s CMC is invested in your
- Class of 2020 graduate
progress from the very first moment SCHOOL-FACILITATED ACTIVITY GRADUATE-FACILITATED ACTIVITY
11 %
11 %
MBA program we were set forth on
the right path to help us achieve the
84+16
THE DUKE MBA ADVANTAGE
maximum benefit from our program.
“During my time at Fuqua, so many We were asked to give peer feedback
alumni devoted time and energy to on resumes and STAR responses that career center activities online job postings
teach me about their companies and really proved eye-opening to us new (job fairs/conferences, employer (e.g., social media/LinkedIn, Indeed,
events, information meetings, school company websites)
opportunities, which ultimately helped students. When all is said and done, job boards)
me confidently find the right fit. Now I
20%
the counselors in the CMC are top
am proud to champion Fuqua recruiting notch and are vested in your success.” GRADUATE-FACILITATED ACTIVITY
GRADUATE-
at Procter & Gamble to pay it forward. I FACILITATED
-C
lass of 2018 graduate
6
ACTIVITIES
%
want to help provide guidance, advice
and mentorship to Fuqua students as
they work through their own recruiting
journeys and determine where they want
to start their post-MBA careers. And as personal contacts
a Procter & Gamble shareholder I want
to know that our brands are in the best
(i.e. previous employers, family, friends
outside of school, etc.)
80%
SCHOOL-
FACILITATED
hands now and in the future – and I know ACTIVITIES
304 76
that means bringing in Fuqua graduates
to lead them!”
- Nick Brunson Activity sources that led to
Brand Director internships accepted internships accepted
and sourced through and sourced through a internship acceptance
Procter & Gamble
a school-facilitated activity student-facilitated activity
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 INTERNSHIPS
technology
24%
consulting
government
non-profit
24%
financial services
consulting 18%
energy
financial health care
services
15%
real estate consumer packaged goods
7%
(COMMERCIAL) transportation/
logistics
fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2021 INTERNSHIPS
24% 23%
(N=368 STUDENTS REPORTING)
$10,017
technology
financial services marketing/sales
$8,442
18% 19%
transportation & logistics
THE DUKE MBA ADVANTAGE health care general management $7,916
“My time at Duke 15 %
16 % PERMANENT WORK AUTHORIZATION
consumer packaged goods
mean internship compensation
provided me the consumer packaged goods operations/logistics
$7,859
education and the
confidence to take
7% 7% $
9,291
(N=278)
health care
$7,752
my career to the energy other
energy
next level and pivot 3% 6% $7,287
into technology, an
industry that I’m retail human resources media/entertainment
more interested 3 %
3 %
$7,107
and passionate NON- PERMANENT WORK AUTHORIZATION
other
about.” mean internship compensation
$6,789
-C
lass of 2019 graduate
$
8,800
(N=90)
manufacturing
$6,334
real estate
$6,156
fuqua.duke.edu/programs/daytime-mba/career-development
here’s how to connect
HOURS: MONDAY TO FRIDAY,
8 AM - 5 PM EASTERN TIME
EMAIL: CMC-INFO@DUKE.EDU
fuqua.duke.edu/programs/daytime-mba/career-development