FULL-TIME MBA

EMPLOYMENT REPORT
Classes of 2021 and 2022
A LETTER TO THE TEXAS McCOMBS COMMUNITY

Thanks to the support of our extensive employer and alumni network, our
world-class faculty, industry experts, and our talented career consultants,
we had a strong performance in our employment outcomes for 2021. At
graduation, 84% of our graduating Full-Time MBAs accepted an offer. Job
acceptances increased to 93% three months after graduation, which is a 7%
increase from 2020. These outcomes are indicative of the community, tools,
and resources our MBAs have in managing their career development.

This report details the key insights we have realized this year and outlines
the competitive advantage our Texas McCombs ecosystem provides to our
alumni and students year over year.

Our ongoing efforts to continue to strengthen our employer ecosystem

helped our graduating Texas McCombs MBAs pursue full-time career
opportunities at 116 companies, and 99% of the MBA class of 2022 secured
internships at 125 companies across the United States.

Creatively refining and expanding our curriculum and resources, our

career education & coaching team empowered our MBAs to take control of
designing their life and exploring diverse career paths. In the functions we
classify under marketing/sales specifically, students reported expanded
interest in many areas, including product management, product marketing,
sales, research/consumer insights, buying/merchandising, and brand
management, among others.

Texas’ economy continues to grow and remain diverse, spanning traditional

oil and gas to renewable energy, tech, healthcare, financial services, and
manufacturing. In last year’s recruitment cycle, our graduating Texas McCombs
MBAs leaned into this growth specifically within Austin’s tech sector. Job
acceptances in technology increased by 8% in the last five years, with an
increased number of tech companies (20+) hiring our MBAs nationally, from
Seattle to the San Francisco Bay Area.

Resiliency and momentum in 2021 allowed the Austin economy, MBA

students, and our community to bounce forward in a global pandemic. And as
we look forward to the future of work, we are ready. We are Texas McCombs.

Hook ’em,

Janet Huang, Senior Assistant Dean

McCombs Career Management and Corporate Relations
 FULL-TIME MBA CLASS OF 2021

CLASS PROFILE

CLASS PROFILE ENTERING FALL 2019 PRE-MBA INDUSTRIES

Class Size 260 Consulting 11%

Average Years Work Experience 5.5 Consumer Products 3%

Average Age 29 Energy 11%

Women 40% Finance / Banking 14%

U.S. Minorities 29% Government 10%

Underrepresented Minorities 16% Manufacturing 5%

International 20% Media / Entertainment 3%

Average GPA 3.42 Non-Profit 5%

Average GMAT Score 704 Pharmaceutical / Biotech / Healthcare 3%

Middle 80% GMAT Score 650 – 740 Private Equity / Venture Capital 1%

Real Estate 1%

UNDERGRADUATE MAJORS Retail 3%

Technology 11%
Business / Economics 33%
Travel / Transportation 2%
STEM 31%
Other 16%
Humanities / Social Sciences 15%

Other 21%

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 FULL-TIME MBA CLASS OF 2021

OFFER & COMPENSATION DETAILS

SUMMARY OF GRADUATES

U.S. Citizen / Foreign Total

Permanent Resident National Graduating Class

Seeking Employment 185 42 227

Not Seeking Employment 19 8 27

Continuing Education 10 0 10

Own Venture 5 2 7

Sponsored Job 3 6 9

Other Reasons 1 0 1

Total 204 50 254*

*Total graduating class includes summer 2020, winter 2020 and spring 2021

BASE SALARY

No. Reporting Salary Salary Salary

Salary Mean Median Range

U.S. Citizen /
Permanent Resident 173 $130,054 $130,000 $50,000 – $205,000

Foreign National 38 $128,945 $130,000 $75,000 – $170,000

Total 211 $129,854 $130,000 $50,000 – $205,000

SIGNING BONUS

No. Reporting Bonus Bonus Bonus

Signing Bonus Mean Median Range

U.S. Citizen /
Permanent Resident 132 $28,741 $27,500 $2,500 – $90,000

Foreign National 30 $25,567 $22,500 $3,000 – $90,000

Total 162 $28,153 $25,000 $2,500 – $90,000

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 FULL-TIME MBA CLASS OF 2021

OFFER & COMPENSATION DETAILS

SUMMARY OF JOB OFFER SOURCES

No. Reporting % Mean

Source of Total Base Salary

Sourced from Internships through Texas McCombs 97 46.0% $134,911

Full-Time Recruiting through Texas McCombs corporate partner

ecosystem, alumni / staff network or other UT Austin Resources 68 32.0% $128,625

Individual Networked Search or Personal Network 41 19.4% $120,251

Sourced from Internships through Individual Search 5 2.4% $127,200

Total 211 100% $129,854

TIMING OF JOB OFFERS

No. Students Received First Offer Received First Offer by

Seeking Employment by Graduation 3 months of Graduation

U.S. Citizen /
Permanent Resident 185 88.1% 95.1%

Foreign National 42 69.0% 90.5%

Total 227 84.6% 94.3%

TIMING OF JOB ACCEPTANCES

No. Students Accepted Offer Accepted Offer by

Seeking Employment by Graduation 3 months of Graduation

U.S. Citizen /
Permanent Resident 185 87.6% 93.5%

Foreign National 42 69.0% 90.5%

Total 227 84.1% 93.0%

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 FULL-TIME MBA CLASS OF 2021

ACCEPTANCES BY INDUSTRY

ACCEPTANCES AND SALARY BY INDUSTRY*

No. Students % Students Base Salary Base Salary Base Salary

Reporting Reporting Mean Median Range

Consulting 48 22.7% $152,250 $160,000 $60,000 – $170,000

Consumer Products 12 5.7% $115,117 $116,000 $90,000 – $140,000

Energy / Utilities 12 5.7% $111,708 $115,000 $79,500 – $140,000

Financial Services 35 16.6% $133,154 $150,000 $50,000 – $175,000

Healthcare 6 2.8% $125,000 $126,250 $117,500 – $130,000

Real Estate 6 2.8% $96,417 $95,000 $70,000 – $120,000

Retail 7 3.3% $121,714 $120,000 $115,000 – $132,000

Technology 72 34.1% $127,410 $130,000 $96,000 – $166,000

Travel / Transportation 8 3.8% $102,438 $100,000 $87,500 – $130,000

**Other 5 2.4% $107,085 $80,000 $60,424 – $205,000

Total 211 100% $129,854 $130,000 $50,000 – $205,000

*All students reporting job acceptance and salary details

**Other industries include Media / Entertainment, Government, Manufacturing, and Other

–4–
 FULL-TIME MBA CLASS OF 2021

ACCEPTANCES BY FUNCTION

ACCEPTANCES AND SALARY BY FUNCTION*

No. Students % Students Base Salary Base Salary Base Salary

Reporting Reporting Mean Median Range

Finance / Accounting

Investment Banking 17 8.1% $145,376 $150,000 $86,400 – $175,000

Corporate Finance 11 5.2% $114,409 $115,000 $87,500 – $130,000

Real Estate Finance 2 0.9% $95,000 N/A N/A

Private Equity /
Venture Capital 7 3.3% $112,857 $135,000 $50,000 – $150,000

Asset Management 7 3.3% $124,786 $125,000 $100,000 – $150,000

Corporate Development 6 2.8% $117,500 $120,000 $90,000 – $135,000

General Management

Consulting 54 25.6% $150,972 $159,500 $80,000 – $170,000

Operations / Logistics /
Supply Chain 10 4.7% $124,100 $126,500 $95,000 – $140,000

Project Management 10 4.7% $127,600 $125,000 $115,000 – $140,000

Leadership Development /
Rotational Programs 9 4.3% $123,611 $120,000 $115,000 – $156,000

Marketing / Sales

Product Management 30 14.2% $121,220 $120,000 $90,000 – $166,000

Product Marketing 8 3.8% $132,500 $132,500 $111,000 – $150,000

Merchandising /
Retail Marketing 3 1.4% 130,000 N/A N/A

Demand Generation
Marketing & Business 11 5.2% $119,727 $120,000 $90,000 – $140,000
Development

Brand Management 4 1.9% $110,250 $110,500 $108,000 – $112,000

Other Marketing 9 4.3% $116,756 $120,000 $75,000 – $140,400

Other 13 6.2% $110,263 $115,000 $60,000 – $205,000

Total 211 100% $129,854 $130,000 $50,000 – $205,000

*All students reporting job acceptance and salary details

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 FULL-TIME MBA CLASS OF 2021

ACCEPTANCES BY GEOGRAPHY

5.2%
NORTHEAST
$142,000

13.3%
WEST
$131,250
6.6%
MIDWEST
$119,286

65.9% 3.3%
SOUTHWEST SOUTH 2.4%
$130,700 $121,643 MID-ATLANTIC
$122,000

1.9%
OUTSIDE THE U.S.
$113,725

In 2021, Texas McCombs students accepted

full-time positions in Mexico, China,
Switzerland, and United Arab Emirates.

salaries reflected are median base salary of 211 students reporting location

–6–
 FULL-TIME MBA CLASS OF 2022

CLASS PROFILE

CLASS PROFILE ENTERING FALL 2020 PRE-MBA INDUSTRIES

Class Size 241 Consulting 12%

Average Years Work Experience 6 Consumer Products 2%

Average Age 29 Energy 9%

Women 34% Finance / Banking 11%

U.S. Minorities 31% Government 10%

Underrepresented Minorities 18% Manufacturing 2%

International 10% Media / Entertainment 6%

Average GPA 3.44 Non-Profit 6%

Average GMAT Score 704 Pharmaceutical / Biotech / Healthcare 5%

Middle 80% GMAT Score 650 – 740 Private Equity / Venture Capital 1%

Real Estate 4%

UNDERGRADUATE MAJORS Retail 2%

Business / Economics 35% Technology 13%

STEM 27% Travel / Transportation 2%

Humanities / Social Sciences 17% Other 15%

Other 21%

–8–
 FULL-TIME MBA CLASS OF 2022

INTERNSHIP OFFER & COMPENSATION DETAILS

CLASS SUMMARY

U.S. Citizen / Foreign Total

Permanent Resident National Class

Seeking Internship 197 18 215

Own Venture 6 6 12

Not Seeking Internship 15 1 16

Total 218 25 243

MONTHLY SALARY

No. Reporting Salary Salary Salary

Salary Mean Median Range

U.S. Citizen /
Permanent Resident 189 $8,292 $7,600 $400 – $14,583

Foreign National 16 $8,180 $8,150 $2,290 – $13,333

Total 205 $8,283 $7,600 $400 – $14,583

SUMMARY OF INTERN OFFER SOURCES

No. Reporting % Monthly

Source of Total Salary Mean

Texas McCombs corporate partner ecosystem,

alumni / staff network or other UT Austin Resources 151 72.0% $8,687

Individual Networked Search or Personal Network 59 28.0% $7,208

Total 210 100% $8,283

–9–
 FULL-TIME MBA CLASS OF 2022

INTERNSHIPS BY INDUSTRY

INTERNSHIP ACCEPTANCES AND SALARY BY INDUSTRY*

No. Reporting % Reporting No. Reporting Monthly Monthly Monthly

Acceptance Acceptance Salary Mean Median Range

Consulting 36 16.9% 36 $12,378 $13,315 $2,598 – $13,756

Consumer Products 16 7.5% 15 $6,353 $6,755 $2,500 – $8,660

Energy / Utilities 17 8.0% 17 $6,153 $6,000 $3,118 – $9,583

Financial Services 41 19.2% 37 $9,695 $10,417 $600 – $14,583

Healthcare 11 5.2% 10 $6,829 $7,049 $2,920 – $13,750

Manufacturing 4 1.9% 4 $6,303 $6,108 $4,157 – $8,840

Real Estate 8 3.8% 8 $4,703 $4,998 $2,598 – $6,150

Retail 5 2.3% 5 $6,687 $7,000 $5,196 – $8,660

Technology 61 28.6% 59 $7,601 $7,448 $2,600 – $10,166

Travel / Transportation 10 4.7% 10 $6,119 $6,582 $2,598 – $7,600

**Other 4 1.9% 4 $4,897 $5,805 $400 – $7,578

Total 213 100% 205 $8,283 $7,600 $400 – $14,583

*All students reporting job acceptance and salary details
**Other industries include Government, Public Sector/ Non-Proft, and Other

– 10 –
 FULL-TIME MBA CLASS OF 2022

INTERNSHIPS BY FUNCTION

INTERNSHIP ACCEPTANCES AND SALARY BY FUNCTION*

No. Reporting % Reporting No. Reporting Monthly Monthly Monthly

Acceptance Acceptance Salary Mean Median Range

Finance & Accounting

Investment Banking 17 8.0% 17 $12,765 $12,500 $10,417 – $14,583

Private Equity /
Venture Capital 12 5.6% 10 $5,225 $5,098 $600 – $10,000

Corporate Finance 24 11.3% 24 $7,548 $7,997 $2,598 – $9,208

Real Estate Finance 4 1.9% 4 $4,470 $4,565 $2,598 – $6,150

Asset Management 8 3.8% 7 $7,930 $6,591 $3,118 – $7,621

General Management

Consulting 38 17.8% 38 $12,302 $13,315 $6,062 – $13,756

Data Analytics 4 1.9% 4 $5,283 $5,109 $2,600 – $8,314

Operations / Logistics /
Supply Chain 17 8.0% 16 $6,658 $6,807 $400 – $9,699

Leadership Development /
Rotational Programs 8 3.8% 8 $8,678 $8,843 $4,871 – $10,417

Strategic Planning 10 4.7% 9 $6,433 $6,582 $4,800 – $ 7,600

Project / Program
Management 7 3.3% 7 $4,698 $4,330 $2,500 – $8,734

Marketing / Sales

Product Management 19 8.9% 19 $7,851 $7,000 $3,464 – $10,166

Brand Management 6 2.8% 6 $6,404 $6,714 $4,330 – $8,660

Demand Generation
Marketing & Business 7 3.3% 7 $6,131 $6,000 $2,920 – $8,660
Development

Product Marketing 6 2.8% 6 $7,120 $6,807 $6,755 – $8,719

Market Research 4 1.9% 4 $5,568 $5,612 $4,676 – $6,374

Retail Marketing 3 1.4% 3 $9,222 N/A N/A

Other Marketing 8 3.8% 8 $6,546 $6,374 $4,330 – $10,392

**Other 10 4.7% 8 $6,146 $6,590 $3,118 – $7,621

Total 212 100% 205 $8,232 $7,600 $400 – $14,583

*All students reporting job acceptance and salary details
**Other industries include other Management, Human Resources, and Governmental Affairs

– 11 –
 FULL-TIME MBA CLASS OF 2022

INTERNSHIPS BY GEOGRAPHY

5.2%
NORTHEAST
$10,142

15.0%
WEST
$8,100
4.7%
MIDWEST
$8,145

66.2% 3.3% <1.0%

SOUTHWEST SOUTH
$8,268 $7,748 MID-ATLANTIC

<1.0%
OUTSIDE THE U.S.
In 2021, Texas McCombs students
accepted internships in Mexico.

salaries reflected are median monthly salary of 204 students reporting location

– 12 –
 MBA RECRUITING PARTNERS 2021

Thank you to our top seven recruiting partners who hired 10 or more students for
full-time or internship positions in 2021.

Amazon Microsoft
Boston Consulting Group PwC + Strategy&
Dell Technologies Toyota North America
Deloitte Consulting

The following recruiting partners hired 2 or more students for full-time or internship
positions in 2021.

8minute Solar Energy Ford Motor Company NIKE

Accenture General Mills Pattern Energy Group
Alvarez & Marsal Goldman Sachs PepsiCo
Amazon Google PwC + Strategy&
Apple Guggenheim Partners Republic Services
B&I Capital H-E-B Salesforce.com
Bain & Company Houlihan Lokey Tesla
Barclays HP, Inc. The AES Corporation
Boston Consulting Group IBM Corp. The Wendy’s Company
Credit Suisse JP Morgan Chase & Co. Toyota North America
Dell Technologies KPMG Walmart
Deloitte Consulting Marathon Capital Wayfinder Real Estate
Evercore Partners McKesson Corporation Whole Foods Market
Expedia Group McKinsey & Company WIN Reality
ExxonMobil Microsoft
EY-Parthenon Moelis & Company

There were another 196 employers who hired one student for full-time or internship positions in 2021.

– 14 –
 EMPLOYER ACCOLADES

At McCombs, we are proud of our strong employer partnerships that support

student goals and lead to career success. These valued employer partners have
shared their reasons for “Why McCombs”.

“At BCG, we look to McCombs as a key source of talent for our consulting team.
Graduates come to us with strong analytical capabilities, the fundamentals of strategic
thinking, and a Texas sized dose of grit. As we’ve added our third Texas office in Austin,
we’ll partner even more with McCombs to find future BCGers that are passionate about
our purpose of unlocking the potential of those who advance the world.”

Albert Peña, Principal, BOSTON CONSULTING GROUP

“The McCombs MBA Program brings together students of diverse experience and thoughts
fostering an environment of inclusion. McCombs students are adaptable and learn effective
approaches to team collaboration. That’s aligned to our culture code at Dell Technologies and
the reason why our commitment to University of Texas has never been stronger.”

Carlos Henriquez, Vice President of Global Software Peripherals Operations,

DELL TECHNOLOGIES

“PwC + Strategy& seeks candidates that are critical thinkers, naturally inquisitive and
comfortable working unstructured problems. McCombs students consistently demonstrate
these attributes. My advice to students is to constantly focus on continual learning and
renewal, while also continuing to evolve with our world’s dynamic ways of working.”

Kevin Heard, Partner/Principal, PwC + STRATEGY&

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Robert B. Rowling Hall | 300 W. Martin Luther King Jr. Blvd. | RRH 2.350 / B6004 | Austin, Texas 78712
TexasMBA@mccombs.utexas.edu | mccombs.utexas.edu/MBA