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M B AE M P L O Y M E N T
R E P O R T
TUCK SCHOOL OF BUSINESSAT DARTMOUTH
2018
2
MESSAGE FROM THE EXECUTIVE DIRECTOR
Every statistic tells a story. As I look at Tuck’s employment results from this most recent year, one narrative that emerges for me is the diversity of career paths our graduates embark upon. Whether these paths are industry-focused—a record 24 percent of 2018 Tuck MBAs secured roles in technology—or based on geography (23 percent of students landed on the West Coast), I am delighted to see where our students’ career journeys take them. I am equally delighted to see they achieved a record high median base salary of $130,000.
Just as every career journey is unique, so too is the way Tuck’s network of personalized career support comes together for each of our students. Whether it’s a late-night mock interview with a second-year student mentor, a horizon-expanding trek with one of our many career clubs, a coaching relationship a student has established with one of our senior alumni, or timely advice and connections from a Tuck career adviser, these and many other sources of sup-port, counsel, and connection are behind the success the statistics in this report illustrate.
What the numbers do not fully capture, however, are the ways in which the MBA recruiting land-scape has been evolving and Tuck’s proactive approach to evolve with it. With our deliberately well-resourced team of career advisers, Tuck gives students the opportunity to build personal con-nections with the advisers they choose, who bring a very diverse set of backgrounds and recruiting expertise. This relationship sits at the heart of an expansive career network—from alumni and student career mentors, to career clubs, to faculty—that students can tap into and that lasts well beyond the initial job search.
Meanwhile, Tuck’s career services team is continually working on a network of our own—building, maintaining, and reviewing our MBA recruiter relationships alongside evolving student aspirations so that we can best support opportunities that students seek. We greatly value our network of more than 1,000 MBA employers who regularly seek to hire Tuck students. Furthermore, we are actively pursuing new endeavors—from the latest in campus technology to faculty-led treks—to grow that network and provide our students with the opportunities, advice, and connections that help them succeed in the recruiting environment of today—and tomorrow.
We understand that for many students the decision to pursue an MBA is driven both by the desire to learn and the desire to transform their career. Everyone in our community supports this balance and contributes in their own way to an environment that maximizes students’ opportunities to learn about career options, gain the required skills, and then vigorously—and successfully—pursue them.
Sincerely,
Stephen Pidgeon T'07Executive Director, Career ServicesTuck School of Business at Dartmouth
3
TUCK CLASS OF 2018FULL-TIME EMPLOYMENTCLASS OF 2018 COMPENSATION SUMMARY*
TYPE1
ANNUAL BASE SALARYSIGNING BONUS
RECEIVING (%)100
87
MEAN ($)130,022
32,148
MEDIAN ($)130,000
25,000
MAX ($)215,000152,500
MIN ($)60,000
3,000
* The graduation date for the full-time MBA class of 2018 was June 10, 2018.1 Compensation information is self-reported. Salary data was obtained from 91% of those graduates who were seeking employment and accepted a job offer by 3 months after graduation.
CLASS OF 2018 EMPLOYMENT, BY INDUSTRY
CONSULTINGTECHNOLOGYFINANCIAL SERVICESHEALTH CARE, PHARMA, BIOTECHCONSUMER GOODS, RETAILMANUFACTURINGTRANSPORTATIONMEDIA, ENTERTAINMENT, SPORTSENERGYGOVERNMENT, NONPROFIT, EDUCATIONHOSPITALITY REAL ESTATE
AMAZONBAIN & COMPANYBANK OF AMERICA MERRILL LYNCHTHE BOSTON CONSULTING GROUPCREDIT SUISSECVS HEALTHDANAHERDELOITTEDIDI CHUXINGECOLABEY-PARTHENONJ.P. MORGANL.E.K. CONSULTINGMCKINSEY & COMPANYMICROSOFTVANGUARDWAYFAIR
TOP HIRING COMPANIES FOR FULL-TIME
POSITIONS
CLASS OF 2018 OFFERS AND ACCEPTANCES BY 3 MONTHS AFTER GRADUATION*
GRADUATESU.S. PERMANENT WORK AUTHORIZATIONNON-PERMANENT WORK AUTHORIZATION (U.S.)TOTAL GRADUATES SEEKING JOBS
SEEKING JOBS165
82247
%979496
#160
77237
%939092
#153
74227
OFFERS ACCEPTANCES
*The graduation date for the full-time MBA class of 2018 was June 10, 2018.
30%24%20%
8%6%5%3%2%1%1%1%1%
CONSULTINGFINANCEMARKETINGGENERAL MANAGEMENTOPERATIONS, LOGISTICSHUMAN RESOURCESINFORMATION TECHNOLOGY
34%22%19%18%
6%1%1%
CLASS OF 2018 EMPLOYMENT, BY JOB FUNCTION
*Values that are greater than 0 but less than 1 are rounded to 1 to show presence. Numbers may not add to 100 due to rounding.
*Values that are greater than 0 but less than 1 are rounded to 1 to show presence. Numbers may not add to 100 due to rounding.
4
BASE SALARIES, BY LOCATION
LOCATIONUNITED STATESNORTHEAST (CT, ME, MA, NH, NJ, NY, RI, VT) BOSTON NEW YORK OTHERWEST (AK, CA, HI, ID, MT, NV, OR, UT, WA, WY) SEATTLE SAN FRANCISCO BAY AREA OTHERMIDWEST (IL, IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, WI) CHICAGO MINNEAPOLIS-ST. PAUL OTHERMID-ATLANTIC (DC, DE, MD, PA, VA, WV)SOUTHWEST (AZ, CO, NM, OK, TX)SOUTH (AL, AR, FL, GA, KY, LA, MI, NC, SC, TN)OUTSIDE U.S.ASIACENTRAL AMERICA, CARIBBEANAFRICACANADAEUROPESOUTH AMERICAALL LOCATIONS
PERCENT (%)91462616
42312
92
11
6414439421111
100
MEDIAN130,000130,000140,000125,000130,000130,000130,000132,500125,000127,500
147,000110,000
*125,000125,000138,750112,500115,000
**
92,535**
130,000
MEAN132,111132,227133,411131,931124,286131,677127,833137,722130,000130,182
140,654115,214
*132,889128,444145,083101,217102,995
**
102,817**
130,022
MAX215,000170,000170,000170,000130,000170,000147,000170,000145,000170,000
170,000152,500
*152,500152,500215,000134,948126,984
**
134,948**
215,000
MIN85,00085,00085,000
108,000100,000100,000100,000105,000120,000
95,000
95,000100,000
*108,000100,000103,500
60,00066,235
**
80,969**
60,000
BASE SALARY ($)
BASE SALARIES, BY INDUSTRY
INDUSTRYCONSULTINGTECHNOLOGYFINANCIAL SERVICES INVESTMENT BANKING INVESTMENT MANAGEMENT PRIVATE EQUITY, VENTURE CAPITAL OTHERHEALTH CARE, PHARMA, BIOTECHCONSUMER GOODS, RETAILMANUFACTURINGTRANSPORTATIONMEDIA, ENTERTAINMENT, SPORTSENERGYGOVERNMENT, NONPROFIT, EDUCATIONHOSPITALITYREAL ESTATEALL INDUSTRIES
PERCENT (%)30242011
424865321111
100
MEDIAN147,000130,000125,000125,000123,768155,000125,000120,000108,000118,000
99,000125,000
****
130,000
MEAN142,665127,589127,818128,913116,084161,250115,176121,118112,083117,500
99,300130,000
****
130,022
MAX170,000159,000215,000150,000125,000215,000130,000130,000150,000130,000126,984150,000
****
215,000
MIN60,00085,00066,235
120,00080,969
120,00066,23595,00087,000
100,00072,215
115,000****
60,000
BASE SALARY ($)
* Values are excluded where the sample size is too small. Values that are greater than 0 but less than 1 are rounded to 1 to show presence. Numbers may not add to 100 due to rounding. City names listed include the surrounding met- ropolitan area. All data as of November 2018.
FUNCTIONCONSULTINGFINANCE INVESTMENT BANKING CORPORATE FINANCE INVESTMENT MANAGEMENT PRIVATE EQUITY, VENTURE CAPITAL REAL ESTATEMARKETING GENERAL MANAGEMENTOPERATIONS, LOGISTICSHUMAN RESOURCESINFORMATION TECHNOLOGYALL FUNCTIONS
PERCENT (%)342211
4431
1918
611
100
MEDIAN147,000125,000125,000120,000120,000145,000
*118,500127,000120,000
**
130,000
MEAN140,770128,194128,958121,000113,794149,000
*117,514127,119119,628
**
130,022
MAX170,000215,000150,000130,000125,000215,000
*145,000156,000159,000
**
215,000
MIN60,00080,969
120,000110,000
80,969100,000
*85,00072,21592,535
**
60,000
BASE SALARY ($)
BASE SALARIES, BY FUNCTION
5
CLASS OF 2018 FULL-TIME EMPLOYMENT, BY LOCATION
WEST23%
NORTHEAST46%
SOUTHWEST4%
MIDWEST11%
ASIA 4%CENTRAL AMERICA, CARIBBEAN 2%
AFRICA 1% CANADA 1%EUROPE 1%
SOUTH AMERICA 1%
SOUTH3%
MID-ATLANTIC4%
TUCK CLASS OF 2018FULL-TIME EMPLOYMENT CONTINUED
SIGNING BONUSES, BY INDUSTRY
INDUSTRYCONSULTINGCONSUMER GOODS, RETAILMANUFACTURINGTECHNOLOGYPHARMACEUTICALS, HEALTH CARE, BIOTECHFINANCIAL SERVICES INVESTMENT BANKING INVESTMENT MANAGEMENT OTHERMEDIA, ENTERTAINMENT, SPORTSTRANSPORTATIONTOTAL
RECEIVING (%)9692909088809650
100672587
MEDIAN ($)25,00025,00025,00035,00020,00046,25050,00025,00020,000
**
25,000
MEAN ($)28,90118,45524,11139,01122,66741,70050,34132,50018,488
**
32,148
MAX ($)152,500
30,00040,000
105,00060,00065,00065,00047,50030,000
**
152,500
MIN ($)5,0003,000
15,0003,0005,0004,414
40,00025,000
4,414**
3,000
FUNCTIONHUMAN RESOURCESINFORMATION TECHNOLOGYMARKETINGCONSULTINGOPERATIONS, LOGISTICSGENERAL MANAGEMENT FINANCE INVESTMENT BANKING CORPORATE FINANCE INVESTMENT MANAGEMENTTOTAL
RECEIVING (%)100100
949382807696716087
MEDIAN($)**
25,00025,00030,00025,00050,00050,00030,00020,00025,000
MEAN ($)**
25,58827,34432,55636,48444,83948,58739,00025,83332,148
MAX ($)**
90,000152,500
70,000105,000
70,00065,00070,00047,500
152,500
MIN ($)**
3,0004,414
10,0007,500
10,00010,00020,00010,000
3,000
SIGNING BONUSES, BY FUNCTION
6
TUCK CLASS OF 2019SUMMER INTERNSHIPS
BASE MONTHLY SALARY ($)
LOCATIONUNITED STATESNORTHEAST (CT, ME, MA, NH, NJ, NY, RI, VT) NEW YORK BOSTON OTHERWEST (AK, CA, HI, ID, MT, NV, OR, UT, WA, WY) SAN FRANCISCO BAY AREA SEATTLE OTHERMIDWEST (IL, IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, WI) CHICAGO MINNEAPOLIS-ST. PAUL OTHERSOUTHWEST (AZ, CO, NM, OK, TX)MID-ATLANTIC (DC, DE, MD, PA, VA, WV)SOUTH (AL, AR, FL, GA, KY, LA, MI, NC, SC, TN)OUTSIDE U.S.ASIASOUTH AMERICAAFRICACANADACENTRAL AMERICA, CARIBBEANEUROPEMIDDLE EASTALL LOCATIONS
PERCENT (%)93522522
52113
54641165372211111
100
MEDIAN8,5009,0509,6678,6676,7507,2006,9808,5005,5008,500
12,0007,5008,3339,208
10,4088,0006,9339,1045,005
*****
8,500
MEAN8,4268,6208,8558,7697,4987,2617,1168,7036,0389,372
10,1427,8338,4089,0768,8698,6986,9288,2875,066
*****
8,392
MAX13,00013,00012,56713,00012,50013,00013,00012,25010,00012,50012,500
8,5009,317
13,00013,00012,50010,83310,833
5,860*****
13,000
MIN800
1,0831,5001,5004,333
800800
4,3333,2505,4175,4177,5007,6502,0003,8136,0673,3014,0004,333
*****
800
BASE MONTHLY SALARY ($)
BASE MONTHLY SALARIES, BY LOCATION
BASE MONTHLY SALARIES, BY INDUSTRY
INDUSTRYFINANCIAL SERVICES INVESTMENT BANKING PRIVATE EQUITY, VENTURE CAPITAL INVESTMENT MANAGEMENT OTHERCONSULTINGTECHNOLOGYHEALTH CARE, PHARMA, BIOTECHCONSUMER GOODS, RETAILMANUFACTURINGGOVERNMENT, NONPROFIT, EDUCATIONMEDIA, ENTERTAINMENT, SPORTSTRANSPORTATIONENERGYHOSPITALITYREAL ESTATEALL INDUSTRIES
PERCENT (%)2510
545
231810
86322111
100
MEAN8,938
10,3356,7189,6827,558
11,3067,0398,0376,9666,5144,7267,1864,854
**
6,6978,392
BASE MONTHLY SALARIES, BY FUNCTION
FUNCTIONCONSULTINGMARKETING FINANCE INVESTMENT BANKING CORPORATE FINANCE INVESTMENT MANAGEMENT PRIVATE EQUITY, VENTURE CAPITAL REAL ESTATEGENERAL MANAGEMENTOPERATIONS, LOGISTICSINFORMATION TECHNOLOGYOTHERALL FUNCTIONS
PERCENT (%)322421
94441
13712
100
MEDIAN11,657
7,25010,40010,417
8,00010,417
5,0817,2008,2606,500
*5,8508,500
MEAN10,442
7,0358,798
10,4377,6729,0906,5076,1567,6096,047
*5,5228,392
MAX13,00013,00012,80012,567
9,16712,50012,800
7,80010,417
8,667*
8,40013,000
MIN3,000
8003,4675,0005,2004,0004,3333,4671,6671,500
*2,000
800
BASE MONTHLY SALARY ($)
MAX12,80012,56712,80012,50011,26713,00013,00011,53810,00010,000
6,5009,5835,217
**
8,32013,000
MEDIAN10,40010,417
5,41710,417
8,40012,133
7,8008,5007,2506,8004,9047,4625,200
**
7,5008,500
MIN3,2505,0004,3334,0003,2501,500
8004,0001,5001,6673,3015,2003,800
**
3,467800
* Values are excluded where the sample size is too small. Values that are greater than 0 but less than 1 are rounded to 1 to show presence. Numbers may not add to 100 due to rounding. City names listed include the surrounding met- ropolitan area. All data as of November 2018.
ADOBEAMAZONANALYSIS GROUPBAIN & COMPANYBANK OF AMERICA MERRILL LYNCHTHE BOSTON CONSULTING GROUPCHEWY.COM CITICOLGATE-PALMOLIVECVS HEALTH DANAHERDELOITTEEY-PARTHENONGOOGLEGRAHAM PARTNERSJETBLUE J.P. MORGAN L.E.K. CONSULTING LIBERTY MUTUALMCKINSEY & COMPANY TESLA WAYFAIR
TOP HIRING COMPANIES FOR INTERNSHIPS
7
TUCK CLASS OF 2018INTERNATIONAL STUDENTS
BASE SALARY ($)
LOCATIONUNITED STATESNORTHEAST (CT, ME, MA, NH, NJ, NY, RI, VT) NEW YORK BOSTON OTHERWEST (AK, CA, HI, ID, MT, NV, OR, UT, WA, WY) SEATTLE SAN FRANCISCO BAY AREAMIDWEST (IL, IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, WI) CHICAGO MINNEAPOLIS-ST. PAULSOUTH (AL, AR, FL, GA, KY, LA, MI, NC, SC, TN)SOUTHWEST (AZ, CO, NM, OK, TX)OUTSIDE UNITED STATESASIACENTRAL AMERICA, CARIBBEANCANADASOUTH AMERICAEUROPEALL LOCATIONS
PERCENT (%)76361812
723121111
7433
2412
5331
100
MEDIAN130,000130,000125,000142,000
*130,000130,000135,000140,000
150,000110,000
**
101,268115,000
****
130,000
MEAN132,602130,022132,346125,714
*134,500130,778139,286131,250
135,500124,167
**
97,007102,995
****
125,600
MAX159,000152,500152,500147,000
*159,000147,000159,000152,500
152,500152,500
**
126,984126,984
****
159,000
MIN85,00085,000
115,00085,000
*120,000120,000125,000
95,000
95,000110,000
**
60,00066,235
****
60,000
BASE SALARY ($)
BASE SALARIES, BY LOCATION [INTERNATIONAL STUDENTS ONLY]
BASE SALARIES, BY INDUSTRY [INTERNATIONAL STUDENTS ONLY]
PERCENT (%)2414
514
2423
87715
100
MEAN119,980130,000
***
131,973132,301121,000117,500
98,066**
125,600
BASE SALARIES, BY FUNCTION [INTERNATIONAL STUDENTS ONLY]
FUNCTIONCONSULTINGFINANCE INVESTMENT BANKING CORPORATE FINANCE INVESTMENT MANAGEMENT PRIVATE EQUITY, VENTURE CAPITALGENERAL MANAGEMENTMARKETINGOPERATIONS, LOGISTICSALL FUNCTIONS
PERCENT (%)363014
871
1414
7100
MEDIAN144,500125,000125,000127,500
**
126,268120,000130,000130,000
MEAN130,555125,069130,000125,000
**
123,075117,500121,307125,600
MAX152,500150,000150,000130,000
**
156,000145,000159,000159,000
MIN60,00080,969
120,000115,000
**
72,21585,00092,53560,000
BASE SALARY ($)
MAX150,000150,000
***
159,000152,500130,000130,000126,984
**
159,000
MEDIAN125,000125,000
***
130,000147,000130,000115,000
95,000**
130,000
MIN66,235
120,000***
85,00060,00095,000
110,00072,215
**
60,000
INDUSTRYFINANCIAL SERVICES INVESTMENT BANKING INVESTMENT MANAGEMENT PRIVATE EQUITY, VENTURE CAPITAL OTHERTECHNOLOGYCONSULTINGHEALTH CARE, PHARMA, BIOTECHMANUFACTURINGTRANSPORTATIONCONSUMER GOODS, RETAILOTHERALL INDUSTRIES
CONSULTINGFINANCIAL SERVICES INVESTMENT MANAGEMENT INVESTMENT BANKING PRIVATE EQUITY, VENTURE CAPITAL OTHERTRANSPORTATIONMANUFACTURINGTECHNOLOGYOTHER
33%33%11%
6%6%
11%22%
9%6%6%
INTERNATIONAL T’18s WORKING FULL- TIME OUTSIDE THE U.S., BY INDUSTRY
UNITED STATESCHINAASIA (EXCLUDING CHINA)
CENTRAL AMERICA, CARIBBEANSOUTH AMERICACANADAEUROPE
76%7%5%5%3%3%1%
INTERNATIONAL T’18s, BY REGION
TECHNOLOGYFINANCIAL SERVICES INVESTMENT BANKING INVESTMENT MANAGEMENT OTHERCONSULTINGHEALTH CARE, PHARMA, BIOTECHMANUFACTURINGCONSUMER GOODS, RETAILTRANSPORTATIONOTHER
30%21%16%
4%2%
20%11%
9%2%2%4%
INTERNATIONAL T’18s WORKING FULL- TIME IN THE U.S., BY INDUSTRY
* Values are excluded where the sample size is too small. Values that are greater than 0 but less than 1 are rounded to 1 to show presence. Numbers may not add to 100 due to rounding. City names listed include the surrounding met- ropolitan area. All data as of November 2018.
TUCK CAREER SERVICES ADVISERSWWW.TUCK.DARTMOUTH.EDU/MBA/CAREER-SERVICES/MEET-OUR-TEAM
STEPHEN PIDGEON T'07 EXECUTIVE DIRECTOR
EXPERIENCEMcKinsey & Company, television andmovie production
EDUCATIONUniversity of Westminster, Tuck MBA
FOCUSConsulting, Media & Entertainment
MARC AQUILA T’07
EXPERIENCEDartmouth College, RSG, John Deere, Columbia Business School
EDUCATIONColumbia University, Tuck MBA
FOCUSGeneral Management, Health Care
CAROLINE CANNON T’98
EXPERIENCEConsultant in start-ups and turn-around, entrepreneur (co-founder of InspiringKids, Inc., Clarisond, Inc., and more), Renaissance Consulting (now Balanced Scorecard Collaborative)
EDUCATIONUNC Chapel Hill, Tuck MBA
FOCUSSocial Impact, Entrepreneurship, Marketing
SARAH DIGIACOMO
EXPERIENCEDartmouth College, St. Lawrence University
EDUCATIONSUNY Potsdam, St. Lawrence University (MEd)
FOCUSTargeted job search, Energy
MATHIAS MACHADO T’09
EXPERIENCEVolkswagen Group, Siemens, Booz & Co. (now Strategy&), and TomTom
EDUCATIONInstituto Tecnológico de Buenos Aires, Tuck MBA
FOCUSTechnology, international students
DEIRDRE O’DONNELL
EXPERIENCELehman Brothers; fixed income,global diversity recruiting
EDUCATIONSt. Lawrence University
FOCUSFinance (all aspects, includingreal estate)
JEN TIETZ T'15
EXPERIENCEMcKinsey & Company, U.S. Navy
EDUCATIONU.S. Naval Academy, Old Dominion University, Tuck MBA
FOCUSConsulting
Career ServicesTuck School of Business at Dartmouth100 Tuck HallHanover, NH 03755-9000Tel: 603-646-2461
tuck.career.services@tuck.dartmouth.eduwww.tuck.dartmouth.eduwww.tuck.dartmouth.edu/careers
© 2019 Trustees of Dartmouth College. All rights reserved.
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