Nearly 100% Of MBAs From This Leading U.S. B-School Found Jobs In 2022


The Ross School of Business at the University of Michigan at Ann Arbor has released its MBA Class of 2022 Employment Report

Let the MBA employment report season begin! And what better way to start than with a record-breaking report from a leading US business school.

The University of Michigan’s Ross School of Business released their job report today (September 20), and it smashes, with five new school records including massive jumps in average salary and average salary:

  • 99% of graduates received job offers three months after graduation, up from 97.5% in 2021
  • 98.4% of graduates took up a job within three months of graduation versus 96.1%
  • Graduates received an average salary of $165,000, up from $144,000
  • Graduates received a median salary package of $192,270 versus $171,450
  • 42.2% of graduates went into counseling versus 35.1%

Ross MBAs were in such high demand that offers were already pouring in when they donned their caps and gowns last May, with 93.1% of the Class of 2022 receiving first job offers through graduation (vs. 90.2%). This includes 93.2% of US citizens and 92.9% of foreigners.

ABOUT 60% OF THE ROSS CLASS OF 2022 MBAS GO INTO CONSULTANCY OR ENGINEERING

“These record-breaking results in acceptance rates, offers and salaries reflect the exceptional quality of our students, the hands-on experience they gain at Michigan Ross and the extensive support and connections our Career Development Office offers them,” said Heather Byrne, General Manager of the Career Development Office at Michigan Ross.

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What Industries Do Ross MBAs Go Into? Last year, Michigan Ross sent a total of 60% of its Class of 2021 MBAs to consulting (35.1%, down slightly year-on-year) and technology (24.9%, up slightly). The MBB firms – McKinsey, Bain and Boston Consulting Group – together represented more than 50 new hires, while Microsoft, Amazon, Google, Apple and Dell accounted for almost as many. Finance, meanwhile, has seen renewed interest, with 15.5% of Ross MBAs going into the industry, up from just 11.9% in 2020.

That year, the number of consultant-oriented Ross graduates rose to more than 42% of the class, while the proportion of engineering fell to 17.3%, for a total of just under 60%. 23% of all graduates and 55% of consultant hires were made by the MBB companies McKinsey, Bain and BCG. The number of financially tied graduates remained roughly the same at 15%. Overall, 93% of the class were career changers, about the same number as in the previous year.

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About a third of 2022 Ross graduates found jobs in the Midwest (30.2%), primarily in Chicago (18.9%), while another quarter went to the East Coast, primarily in the New York area (March 21, 2022). .6%). The West is another big destination, with about a quarter of graduates going, mainly San Francisco (10%).

“WE DELIVER”

Michigan, which had one of the largest salary increases of any top 25 B school in 2021, is now reporting an average salary that a year ago would have topped the list of all business schools in the United States. The Class of 2022 base salary of $165,000 is an increase of $21,000 over the Class of 2021, while the median salary package of $192,270 is also an increase of almost $21,000 over the prior year. Ross graduates also received an average signing bonus of $30,000, which was reported by 91% of the class and matched last year’s bonus average.

As in most years, the advisors matched the salaries of the class – but this year they had company. Consulting offered the highest average salaries at $165,000 in 2021, a number that rose to $175,000 this year — but finance graduates also reported an average base of $175,000 in 2022 and had the largest bonuses — average $47,500 – to sweeten the deal. Finance graduates also reported the highest high end of the salary range at $200,000 — with the exception of someone in Other who reported $215,000.

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Ross international graduates this year kept pace with their native US counterparts with an average salary of $137,000 compared to the average salary for US citizens of $150,000. See page 2 for additional salary and placement details.

“Michigan Ross is committed to equipping our full-time MBA students with the skills, knowledge and practical experience they need to not only be successful in their chosen career paths after graduation, but also to differentiate themselves from potential employers,” says he Brad Killaly, Associate Dean of the Ross School for full-time MBA programs. “We believe this year’s tremendous employment results really show that we are delivering on these important efforts.”

For more data from the newly released Michigan Ross MBA Class of 2022 Employment Report, see the next page. The full report can be found here.





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