Graduates from the Master of Business Administration program set new records in 2018 for salaries and job placements, the McDonough MBA Career Center announced Oct. 31.
For the class of 2018, 98 percent of graduates received an employment offer within three months of graduation, an increase from 93 percent in 2017. The career center reported that its services facilitated three out of four offers. Top employers for the graduating class of 2017 include Amazon, Deloitte and Uber.
“In recent years, Georgetown’s MBA program has expanded in areas such as experiential learning, data analytics, the intersection of business and policy, and strategic mindset preparedness. As a result, our students have become increasingly competitive as top candidates for the roles they seek upon graduation,” Doreen Amorosa, associate dean and managing director for McDonough Career Services, wrote in an email to The Hoya.
The percentage of employed graduates is not the only metric of graduate success that increased. For the class of 2018, the average full-time starting salary was $116,946, a four percent increase from 2017, according to the MBA Employment Report released by the career center. The average signing bonus was $31,036, a nine percent increase from $28,516 in 2017.
According to a McDonough MBA news release, career preparation for these roles is provided to students through the MBA Career Center and is incorporated into the MBA program through partnerships between the career team, student peer advisors and alumni.
“Our 28 Peer Advisors are second-year MBA students who have had successful summer internships across a variety of industries,” Amorosa said. “They are graduate assistants hired by the MBA Career Center to provide career coaching, mock interviews, resume critiques and cover letter reviews.”
Students also have the opportunity to engage and network through alumni, employer presentations, workshops, webinars and informational interviews.
JingFeng Wang, a 2018 MBA program graduate who is now a senior consultant for Deloitte, valued the resources provided to him through the career center.
“When I first came to McDonough, the Career Center helped me clarify my career search roadmap,” he wrote in an email to The Hoya. “During the recruiting process, coaches and peer advisors helped me improve my applications, build my stories for behavioral interviews, and connect me with alumni. With the help of the Georgetown alumni network, I was able to learn about Deloitte, understand its business, and adapt myself to company culture.”
The MBA program’s modernized approach also helps graduates market themselves to employers, Prashant Malaviya, senior associate dean of MBA programs, wrote in an email to The Hoya. Continuing to integrate technology into every aspect of the program, from admissions to student support, is a key priority for continued growth and success in the future, Malaviya wrote.
“A high priority for the MBA program is to infuse technology in all we do. Some initial ideas include using predictive analytics in the admissions process, using performance analytics to provide customized student support, incorporating AR/VR technology to enrich case and class discussions and using prediction models in facilitating career support,” he wrote. “These are some initial ideas we are toying with.”
Malaviya stressed the importance of being able to evolve and adapt the MBA program to changing times within the business education world.
“The business of business education is changing, with new formats of delivery emerging, new degree options available and a maturing of the traditional MBA,” Malaviya said. “In light of these changes, we need to continuously innovate to provide the best education for our students, and to set them up for success in the professional world.”