Daytime mba EMPLOYMENT REPORT - Duke Fuqua

 
Daytime mba EMPLOYMENT REPORT - Duke Fuqua
daytime mba
EMPLOYMENT REPORT

                    2020
                    fuqua.duke.edu/programs/daytime-mba/career-development
Daytime mba EMPLOYMENT REPORT - Duke Fuqua
TABLE OF CONTENTS

hello
                                                                      Here are some interesting findings
                                                                      from our 2019 – 2020 report

                                                                      1. O
                                                                          ur graduates enjoyed strong employment rates
                                                                         despite difficult conditions.                                               Message from the Associate Dean 				2

Every year about this time, I enjoy sharing our annual                  The percentage of students receiving full-time offers by graduation is up    Our Philosophy						3-4
employment report, because it generates interesting discussions         six percentage points over last year, at 90%. Because recruiting slowed
                                                                        dramatically in the spring and summer, the rate of 93.5% receiving offers    Significant Hiring Organizations 				5
about where and how our graduates are making an impact. As
                                                                        by three months post-graduation is down three percentage points from
the world changed around us this year, the annual recruiting
                                                                        2019. These outcomes are remarkable in the context of the high number
success of Duke MBAs continued with the Class of 2020.                  of global hiring freezes and layoffs prompted by the pandemic.               Daytime MBA 2020 Graduates Employment Data		                   6
Despite hiring freezes and massive layoffs, our students had an
unrelenting focus and commitment that led them to landing in                                                                                         - Timing and Sources of Job Offers				                         7
                                                                      2. C
                                                                          ompensation was up slightly over last year.
their desired roles, companies, and locations.                                                                                                       - Employment by Industry					                                  8-11
                                                                        Average first-year compensation reached an all-time high                     - Major Employment Locations 				                              12
                                                                        at $171,000. This figure represents a 3% increase over 2019, with a slight
Many of our graduates made significant career transitions,              rise in mean salary to $136,000 and a 7.5% jump in signing bonus to          - Employment by Function					                                  13-16
whether by function, industry, geography – or sometimes all             $35,000.
three – despite difficult market conditions. From grant writer to                                                                                    - Compensation 						17-19
tech product manager. From economic development in another                                                                                           - Major employers by industry				                              20-21
                                                                      3. D
                                                                          espite visa uncertainty, international students
country to the music industry in the U.S. From professional
                                                                         landed U.S. jobs.
lacrosse to private equity. From special events at the White
House to impact consulting at a certified B corp. From lawyer           Navigating employer visa sponsorship and cultural differences always         Spotlight: Health Care Industry Resources 			22-23
to McKinsey consultant. From a mid-Atlantic university to a             adds complexity for international students seeking U.S. jobs post-
California consumer foods company. From piloting Apache                 graduation. From 2015 – 2019, the percentage of international graduates
                                                                        accepting jobs in the United States ranged from 89% - 92%. This year         Daytime MBA 2020 Internship Data                		24
helicopters for the U.S. Army to strategizing M&A transaction
                                                                        brought many new complications– visa delays caused by pandemic
execution for EY – Parthenon. It’s successes like these,                shutdowns, job market disruption, and both rumored and actual changes        - Internship Industry, Function, and Compensation Overview     25
especially in a year as turbulent as 2020, that bring the numbers       to U.S. immigration policy. Yet, for the Class of 2020, that number was
                                                                                                                                                     - Timing and Sources of Job offers   				                      26
in our employment report to life.                                       even higher at 94%. Success in the face of these challenges is even more
                                                                        impressive.                                                                  - Internships by Industry                  			27

                                                                      More than ever, the world needs the types of graduates we produce
                                                                      at Fuqua – leaders who know how to embrace differences to work
                                                                      toward a common goal. I look forward to learning how you will impact
                                                                      your company, community, and even the world as a future graduate of
                                                                      Duke’s Fuqua School of Business

                                        Sheryle Dirks
                                        Associate Dean for Career Management

                                                                                                                                                                      fuqua.duke.edu/programs/daytime-mba/career-development
Daytime mba EMPLOYMENT REPORT - Duke Fuqua
FUQUA EMPLOYMENT REPORT 2020                                      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.

                                                             •“Permanent Work
Our goal is that every one of                                 Authorization”
our students drive their unique                               is defined as the
career search successfully.                                   student being a
                                                              citizen or permanent
We achieve this by being                                      resident of the
relevant with both students                                   country where they
and employers, by teaching                                    are attending school.

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
Daytime mba EMPLOYMENT REPORT - Duke Fuqua
FUQUA EMPLOYMENT REPORT 2020                                                                                                                            EXECUTIVE SUMMARY

                                                    THE DUKE CMC ADVANTAGE
                                                                                                                    career
                                                    “Fuqua’s CMC is
                                                     invested in your
                                                                                                                    management
                                                     progress from the
                                                     very first moment
                                                                                                                    center
                                                     you start any program
                                                     at Fuqua. In the MBA
                                                     program we were set
all students                                         forth on the right path

deserve                                              to help us achieve the
                                                     maximum benefit            THE DUKE MBA ADVANTAGE

meaningful                                           from our program.
                                                     We were asked to          What makes Fuqua
work                                                 give peer feedback on
                                                     resumes and STAR
                                                                               students different?                 We recognize that our diverse student
                                                                                                                   population has a diverse set of goals when it
                                                     responses that really     “They are supportive               comes to post-graduation employment.
We don’t just help you with your first job--         proved eye-opening         team players who
it’s about your career                               to us new students.        will go the extra                  Gone are the days where a career center would
                                                     When all is said and       mile to help people                exclusively focus on teaching job search tactics for
                                                     done, the counselors       on their team, they                specific industries or employers that have targeted
At Fuqua’s Career Management Center (CMC),           in the CMC are top         don’t put on airs, they            MBA students historically. Instead, the Fuqua CMC
our responsibility is to equip and empower           notch and are vested       are not aggressively               assists students with strategies and tactics to use for
students to earn job offers from employers where     in your success.”          competitive, they                  career search success regardless of their industry of
they will be able to accomplish amazing things.                                 respect diversity,                 choice or the historical MBA hiring patterns within
The career search process we advocate starts in     - Class of 2013 graduate    they’re able to work               that industry. We teach our students how to identify
business school, but will continue throughout                                   with a wide variety of             opportunities outside the traditional roles as their
                                                                                clients and can draw               needs have become more non-traditional. This
our students’ careers as they grow as leaders, as                               insights from people
industries change, and as their own preferences                                                                    focus on a customized job search has the benefit
                                                                                at all different levels.           of empowering students in their own personalized
and priorities change over time. For this reason                                They fit well within               career search as well as developing relationships
we teach the skills and share the tools needed to                               our culture.”                      with emerging employer industry leaders.
conduct a successful job search now, and for the                               -F
                                                                                 rom qualitative research among
rest of their careers.                                                          Duke MBA employers

                                                                                                                        fuqua.duke.edu/programs/daytime-mba/career-development
Daytime mba EMPLOYMENT REPORT - Duke Fuqua
FUQUA EMPLOYMENT REPORT 2020                                                                                                    EXECUTIVE SUMMARY

hiring
These are the 48 employers hiring multiple Duke MBA graduates for full-time positions in 2020.

                                                                                                 fuqua.duke.edu/programs/daytime-mba/career-development
Daytime mba EMPLOYMENT REPORT - Duke Fuqua
FUQUA EMPLOYMENT REPORT 2020

pursuing
full-time
jobs

                                                                       151
DAYTIME MBA 2020 GRADUATES

This information is based on job outcomes
occurring within 3 months of graduation.
Reported offers and acceptances without
a work authorization are included in the                               unique employers
total but not the breakdowns. Reported
                                                                       hired at least one
acceptances without a date are counted
as having not reported by 3 months                                     Class of 2020 graduate
post-graduation.

                                            fuqua.duke.edu/programs/daytime-mba/career-development
Daytime mba EMPLOYMENT REPORT - Duke Fuqua
FUQUA EMPLOYMENT REPORT 2020                                                                                                                                                                                     PURSUING FULL-TIME

THE DUKE NETWORK ADVANTAGE      timing of first job offers                                                                                top 5 sources of full-time jobs
“The network is quite                                                                                  (N=369 GRADUATES IN JOB MARKET)

 extensive; when                                                                                                                          SCHOOL-FACILITATED ACTIVITY                   SCHOOL-FACILITATED ACTIVITY
 searching for a job it         by graduation

                                                                                                                                          46                 %
                                                                                                                                                                                        16             %
 was really helpful to          TOTAL JOB OFFERS              PERMANENT WORK AUTHORIZATION    NON-PERMANENT WORK AUTHORIZATION
 contact past alums and

                                90                 %
                                                              92            %
                                                                                              84            %
 get information about
 their companies and
 overall experiences. At        (N=369)                       (N=257)                         (N=111)
                                                                                                                                          conversion of internship                      scheduled interviews
 my current company,                                                                                                                      internship obtained through                   on or off campus for
 there are several              by three months post-graduation                                                                           school sources                                full-time employment

 Fuqua grads and they           TOTAL JOB OFFERS              PERMANENT WORK AUTHORIZATION    NON-PERMANENT WORK AUTHORIZATION            (N=268 SCHOOL-FACILITATED ACTIVITIES)         (N=268)

 provide incredibly
 valuable insights all
 the time.”                     93             %
                                                              94           %
                                                                                              91           %                              GRADUATE-FACILITATED ACTIVITY                 GRADUATE-FACILITATED ACTIVITY

 - Class of 2010 graduate

THE DUKE MBA ADVANTAGE
                                (N=369)

                                timing of job acceptance
                                                              (N=257)                         (N=111)

                                                                                                                                          9         %
                                                                                                                                                                                        7         %
                                                                                                                                          personal contacts                             conversion of internship
“We choose students

                                                                                                                                                                                                  80+20
                                                                                                                    (N=371 GRADUATES)
                                                                                                                                          (i.e. previous employers, family,             internship obtained through
                                                                                                                                          friends outside of school, etc.)              graduate-initiated sources
 from Fuqua because
                                                                                                                                          (N=69 GRADUATE-FACILITATED ACTIVITIES)        (N=69)
 they perform better,
                                by graduation
 both on client
                                TOTAL JOB ACCEPTANCES        PERMANENT WORK AUTHORIZATION    NON-PERMANENT WORK AUTHORIZATION             SCHOOL-FACILITATED ACTIVITY
 engagements and in

                                84            %
                                                             88           %
                                                                                             77          %                                                                                                 20%
 contributing to our
 company.”
 -F
   rom qualitative research
  among Duke MBA employers
                                (N=369)                      (N=257)                         (N=111)                                      4         %
                                                                                                                                          Other career center
                                                                                                                                                                                                           GRADUATE-
                                                                                                                                                                                                           FACILITATED
                                                                                                                                                                                                            ACTIVITIES

                                by three months post-graduation
                                TOTAL JOB ACCEPTANCES        PERMANENT WORK AUTHORIZATION    NON-PERMANENT WORK AUTHORIZATION             activities                                                                          80%
                                                                                                                                                                                                                               SCHOOL-
                                                                                                                                          (i.e. job fairs/conferences, employer                                              FACILITATED

                                91%                          93%                             87%
                                                                                                                                                                                                                              ACTIVITIES
                                                                                                                                          events, information meetings, school
                                                                                                                                          (N=268)

                                (N=369)                      (N=257)                         (N=111)
                                                                                                                                                                                                   Activity sources that led to job acceptance

                                                                                                                                                                           fuqua.duke.edu/programs/daytime-mba/career-development
Daytime mba EMPLOYMENT REPORT - Duke Fuqua
FUQUA EMPLOYMENT REPORT 2020

industries
employing
our mbas

                                                               fortune
WHERE ARE THEY WORKING?
                                                               10 x 6
                                                               Of the Fortune 10
Duke MBA graduates accepted
new positions in over 20 different                             companies,six actively
industries, reflecting the breadth                             recruit at Fuqua
of interest in our students among
a wide range of employers.

                                     fuqua.duke.edu/programs/daytime-mba/career-development
Daytime mba EMPLOYMENT REPORT - Duke Fuqua
FUQUA EMPLOYMENT REPORT 2020                                                                                                                                                                                         INDUSTRY EMPLOYMENT

employment by industry                                                                                                                                                                 top 5 industries
                                                                                                                                                                                       (N=337 GRADUATES REPORTING)

                                                                                                                                                                                       consulting
                                                                                                                 telecom
                                                                                                                                                                                       31%
                                      automotive

                                                                                                                                                                                       technology

                                                                                           technology                                                   aerospace/
                                                                                                                                                     aviation/defense
                                                                                                                                                                                       27%
                                                                                                                                                                                       financial services
                    manufacturing
                                                   financial services
                                                                                                                                                                                       18%
                                                                                                                                                media
                                                                                                                                         (RADIO/TV/CABLE/FILM)                         health care
           real estate
           (COMMERCIAL)
                                              retail                      consulting                    consumer                                                                       8%
                                                                                                      packaged goods
                                                           health care                                                                                                                 consumer packaged goods
                                                       (PRODUCTS & SERVICES)
                                                                                                             natural resources
                                                                                                                                                                                       5%
                                                                                                               (METAL MINING)                         social & environmental
                                                                                                                                                               impact
                             pharmaceutical                                                                                                          (FOUNDATIONS / PHILANTHROPY)

                                                                                                                                                                                       The breadth of career interests among our students
                                                                                                                                                                                       and across employers is complemented by depth
                                                                                                                                                                                       in four key industries employing roughly 85% of
                                                                         transportation/     energy                                                                                    students reporting their new positions: Consulting,
                                                                            logistics                                sports/recreation
                                                                                                                                                                                       Technology, Financial Services, and Health Care.
                                                                                                                                                                                       An additional 5% of students are employed in
                                                                                                                                                                                       Consumer Packaged Goods.

                                                                                                                                                                                    fuqua.duke.edu/programs/daytime-mba/career-development
Daytime mba EMPLOYMENT REPORT - Duke Fuqua
FUQUA EMPLOYMENT REPORT 2020                                                                                                                                                                               INDUSTRY EMPLOYMENT

consulting                                                technology                                             financial services                                        health care
(N=104 GRADUATES REPORTING)                               (N=90)                                                 (N=62)                                                    (N=26)

Within the Consulting industry, almost one-half of our    Three Technology sub-categories attract the majority   Roughly half of 2020 graduates entering the Financial     Biotechnology/Pharmaceuticals account
graduates entering consulting accepted positions in       of our 2020 graduates: Internet services/Ecommerce     Services industry are working in investment banking       for almost half of 2020 Health care positions
general consulting; approximately 40%more entered         accounts for roughly 40% of technology positions,      and brokerage firms. Private Equity and Private Equity/   accepted by our recent graduates.
the strategic or management consulting field. The         general technology employment accounts for slightly    Venture Capital together account for the next largest     Providers/Payers and Medical Device
remainder are consulting in a broad range of              more than one-quarter, and software for about 17%.     group of positions at 13%. Insurance and general          manufacturer drew an additional one-third
additional fields, including technology, human capital,   The remaining accepted jobs are in equipment /         finance areas employ slightly more students than          of health care job acceptances.
biotech, health care, and other niche areas.              hardware / networking, multimedia products and         commercial banking, diversified financial services,
                                                          services, and other technology areas.                  and other finance fields.
                                                          .
general                                                   internet services/ecommerce                            investment banking                                        biotechnology/pharma
45%                                                       40%                                                    48%                                                       46%
strategic/management                                      general                                                general                                                   providers/payers
39%                                                       28%                                                    10%                                                       19%
other consulting                                          software                                               insurance                                                 medical devices
6%                                                        17%                                                    10%                                                       15%
technology                                                equipment/hardware/networking                          commercial banking                                        general
4  %
                                                          10       %
                                                                                                                 7  %
                                                                                                                                                                           12%
human capital/people analytics                            other                                                  private equity                                            health care IT/informatics
3%                                                        6%                                                     7%                                                        4%
health care                                               multimedia products & services                         venture capital                                           other
2   %
                                                          1   %
                                                                                                                 7  %
                                                                                                                                                                           4%
biotechnology                                                                                                    diversified financial services
2%                                                                                                               5%
                                                                                                                 other
                                                                                                                 5%
                                                                                                                                                                           fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020                                                                          INDUSTRY EMPLOYMENT

key industry employment trends                                            observations
(N=1,696 GRADUATES REPORTING)

Percent of MBA graduates entering industry                                The percentage of Duke MBA graduates
                                                                          accepting positions in the Technology
                                                                          industry has grown over the past five years
                                                                          while Financial Services and Consulting have
                                                                          held fairly constant. Health Care has de-
35%                                                                       creased slightly over the same period.
                                         33%
                      32%                         32%    32%    31%
30%
                                                  28%           27%

25%
                                                         23%
                                         20%
20   %                19%
                                                         20%
                                         19%                    19%
                      18 %

15%                                               16%

10%                   12%
                                             9%   9%                         CONSULTING
                                                         8%     8%
                                                                             TECHNOLOGY
5%
                                                                             FINANCIAL SERVICES

                                                                             HEALTH CARE
                     2016               2017      2018   2019   2020

                                                                       fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020                                                                                                                                                                            MAJOR EMPLOYMENT LOCATIONS

top ten major cities U.S. job locations                                              2020 job locations: major U.S. cities

2016             2017             2018             2019             2020

New York         New York         New York         New York         New York

Atlanta          Chicago          San Francisco    Seattle          Seattle

Washington DC    Atlanta          Seattle          San Francisco    Dallas

San Francisco    Seattle          Atlanta          Atlanta          Chicago

Seattle          San Francisco    Dallas           Chicago          Boston

Chicago          Dallas           Boston           Dallas           San Francisco

Dallas           Boston           Silicon Valley   Silicon Valley   Durham

Silicon Valley   Silicon Valley   Austin           Austin           Atlanta

Durham           Washington DC    Chicago          Boston           Washington

Boston           Raleigh/RTP
                 Raleigh/RTP      Charlotte        Charlotte        Silicon Valley

                                                                                     Employment opportunities took 2020 graduates all over the United States. Over 80% of domestic positions were located in a broad range of
                                                                                     major US cities. In addition, 24 graduates are planning to work outside of the US in countries like S. Korea, Japan, China, Mexico, Chile, and Brazil.

                                                                                                                                                                                 fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020

employment
by
function

WHAT ARE THEY DOING?

Our MBA graduates accepted
                                                               23            %
positions in roughly 12 different
                                                               of the 151 unique
functions across industries. Job                               employers are
scope, however, varies widely                                  headquartered
based on the industry in which                                 internationally
they work.

                                    fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020                                                                                                                                                                                  AREAS OF DEPTH

employment by function                                                                                                                                                    top 5 functions
                                                                                                                                                                          (N=337 GRADUATES)

                                                                                                                                                                          consulting
                                                                               fundraising/development

                                                                                                                    marketing analytics                                   33%
                              enterprise business
                                (DATA ANALYTICS)
                                                                                                                                                                          finance

                                                          general management
                                                                                                                                                                          22%
                                                                                                                                                                          general management
                                                                                                                        finance
                                                                                                                                                                          18%
                                other

                                              marketing/sales                                                                                                             marketing/sales
                                                                                                                                                                          17%
                  human resources
                                                                        consulting                                                           csr/sustainability
                                                                                                                                          (CORPORATE SUSTAINABILITY)
                                                                                                                                                                          operations/logistics

                                                                                                         operations/logistics                                             4%
                                                                                                                                                                          Consulting remains the role accepted by the
                                                      information technology                                                                                              largest number of Duke MBAs in 2020, with
                                                                                                                                                                          several graduates taking on consulting roles in
                                                                                                                                                                          non-consulting organizations. One-third of
                                                                                                                                                                          graduates are consulting in their new positions.
                                                                                                                                                                          Slightly less than 22% of graduates have taken
                                                                                                                                                                          finance positions, about 18% have accepted
                                                                                                                                                                          general management roles, and 17% are working
                                                                                                                                                                          in marketing functions.

                                                                                                                                                                       fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020                                                                                                                                                                                              FUNCTIONAL EMPLOYMENT

consulting                                                   finance                                                       general management                                               marketing/sales
(N=111 GRADUATES REPORTING)                                  (N=73)                                                        (N=59)                                                           (N=58)

General and management consulting together account           Investment banking is the most common of the finance roles    Most 2020 graduates taking on a general management               Product management and brand management, which are
for about 85% of the consulting roles our 2020 graduates     and was accepted by almost 45% of Duke finance-focused        position are focused broadly within their role. Over one-third   used interchangeably in some industries, are functions
are conducting. Internal, operations, and other consulting   MBAs. Another one-third of these graduates will be working    of these graduates were accepted into a leadership development   attracting about the same number of Fuqua graduates. This
functions account for most of the remaining                  in corporate finance, and almost a tenth starting a private   program, with another 30% conducting a wide range of             role accounts for 82% of the marketing and sales functional
consulting positions.                                        equity role.                                                  general,internal consulting, or corporate management duties.     roles. These management positions are distantly followed by
                                                                                                                           One-quarter of graduates in general management are focused       sales and general marketing roles.
                                                                                                                           on developing new opportunities for their organizations,
                                                                                                                           managing product strategy, or managing projects.

general                                                      investment banking                                            leadership development                                           product management
63      %
                                                             43       %
                                                                                                                           36       %
                                                                                                                                                                                            43%
management                                                   corporate finance                                             internal consulting/corporate                                    brand management
21%                                                          33%                                                           15%                                                              39%
other consulting                                             private equity                                                general                                                          sales
5%                                                           8%                                                            14%                                                              7%
internal                                                     general                                                       business development                                             general
4  %
                                                             4  %
                                                                                                                           12       %
                                                                                                                                                                                            5%
operations/process                                           private wealth management                                     product management                                               other
4%                                                           3%                                                            7%                                                               4%
data science/business analytics                              other                                                         project management                                               buying/merchandising
2%                                                           3%                                                            7%                                                               2%
implementation                                               accounting/auditing                                           other                                                            research/consumer insights
2%                                                           2%                                                            7%                                                               2%
people analytics                                             real estate                                                   internal consulting/analytics

1%                                                           1%                                                            2%
                                                                                                                           data science/business analytics
                                                                                                                           2%
                                                                                                                                                                                            fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020                                                                       FUNCTIONAL EMPLOYMENT

employment trends for top functions                                       observations
(N=2,060 GRADUATES REPORTING)
                                                                          The percentage of consulting roles accepted
Percent of Fuqua MBA graduates filling function                           by Duke MBAs has held fairly steady over
                                                                          the past 5 years, consistent with the
                                                                          percentage of industry positions taken by
                                                                          ourgrads. Similarly, after growth in 2017,
                     34%                  35%     35%     34%             general management functional positions
35%                                                              33%      have leveled out subsequently. Finance
                                                                          opportunities seem to trend in an opposite
                                                                          manner to Marketing/Sales options.
30%

                                                                          THE DUKE MBA ADVANTAGE
                                          25%
25   %
                     23%                                  23%             “Fuqua graduates have a
                                                  21%            22%       commitment to making changes
                                                                           that challenge the system. They do
20%                                                       21%    18%       the right thing, and they have the
                                                    20%
                     21   %
                                          20 %
                                                                           organizational courage to do the
                                                  18%                      tough thing.”
                                                                 17%
                                                                           -F
                                                                             rom qualitative research
15%                                                                         among Duke MBA employers
                     15  %

                                                          14%
                                          13%
10%

                                                                              CONSULTING

                                                                              FINANCE
5%
                                                                              GENERAL MANAGEMENT

                                                                              MARKETING/SALES
                     2016                2017     2018    2019   2020

                                                                        fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020

compensation

WHAT ARE THEY EARNING?
                                                                    hired!
The following tables show full-time
compensation information for Class                                  Deloitte
of 2020 graduates. This data is based                               Amazon
on acceptances by three months                                      BCG
post-graduation, in U.S. dollar                                     McKinsey
equivalents, and self-reported by
                                                                    Accenture
students. To protect privacy, salaries
are not reported when there are less                                Microsoft
than four usable data points, the                                   EY-Parthenon
number is less than one percent of
the reporting population, or when all                               These firms are the top full-time
salaries in the category are equal.                                 Duke MBA employers

                                         fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020                                                                                                                                                                             COMPENSATION

                               mean annual salary + bonus                                                    mean annual salary by industry
                                                                                                             (N=329 GRADUATES REPORTING)
                               TOTAL

                                                                                                             consulting                    financial services

                               annual salary                         signing bonus
                                                                                                             $
                                                                                                                154,423                    $
                                                                                                                                             139,354
                               $
                                 135,935                             $
                                                                       35,032                                technology                    manufacturing

                                                                                                             $
                                                                                                                128,246                    $
                                                                                                                                             123,750
                               (N=329 TOTAL REPORTING BASE SALARY)   (N=293 TOTAL REPORTING SIGNING BONUS)

wide                           PERMANENT WORK AUTHORIZATION

open
                                                                                                             health care                   transportation/logistics

                                                                                                                                                     32+28+1985321
A wide range of
                                                                                                             $
                                                                                                                120,649                    $
                                                                                                                                             115,875                                RETAIL

organization types is                                                                                                                                                                    CPG
                                                                                                                                                                        ENERGY
represented among              annual salary                         signing bonus
                                                                                                             energy                                   TRANSPORT/LOGISTICS
those hiring:
• 76 Public
                               $
                                 139,676                             $
                                                                       32,868                                $
                                                                                                                114,833

                                                                                                                                                                       HE
                                                                                                                                                                        AL
• 57 Private                   (N=233)                               (N=205)

                                                                                                                                                                          TH
                                                                                                                                                                MA
                                                                                                                                                                   N

                                                                                                                                                                             CA
                                                                                                                                                                    UF
                                                                                                                                                                      AC

                                                                                                                                                                               RE
• 6 Start-ups                                                                                                                                                            TUR                         CONSULTING
                                                                                                                                                                             IN
                                                                                                             retail                                                            G
• 3 Non-Profit
                               NON -PERMANENT WORK AUTHORIZATION
• 2 Family-owned
•2 Subsidiaries
                                                                                                             $
                                                                                                                113,096                                         TECHNOLOGY

• 1 Incorporated
  Partnership                  annual salary                         signing bonus                           consumer packaged goods                                                         FINANCIAL
                                                                                                                                                                                              SERVICES
• 1 Law Firm
• 1 Joint Venture              $
                                 127,055                             $
                                                                       40,073
                                                                                                             $
                                                                                                                112,813
                               (N=94)                                (N=88)

                                                                                                                                                       fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020                                                                                                                                       COMPENSATION

mean annual salary by function                         mean annual salary by geographic region
(N=327 GRADUATES REPORTING)

consulting                    finance

$
   151,692                    $
                               136,115                       north america

                                                             $
                                                              138,925

general management            human resources

$
   125,609                    $
                               131,000

                                                                                                                                             asia
marketing/sales               information technology
                                                                                                                                             $
                                                                                                                                               86,482
$
   121,235                    $
                               138,286                                       latin america & carribean

                                                                             $
                                                                               88,073

operations/logistics

$
   125,000
                                                                                                         TOO FEW STUDENTS REPORTING COMPENSATION IN OCEANIA, AFRICA, AND EUROPE.

                                                                                                                              fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020

major
employers
by industry

                                                                       go
WHO’S HIRING?
                                                                       big
Both the caliber of employers                                          In 2020, more of our
recruiting our MBA graduates,                                          graduates were hired
and the number of graduates they                                       into organizations with
hire each year, are a testament to the                                 100,001 - 500,000
relationships built and maintained by
                                                                       employees than any
Fuqua’s CMC and to the value that our
graduates bring to these employers.                                    other size firm.

                                         fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020                                                                               MAJOR EMPLOYERS BY INDUSTRY

consulting                     financial services                  technology   health care
3+ HIRES                       3+ HIRES                            3+ HIRES     3+ HIRES

Accenture                      Bank of America                     Amazon       Optum
12                             7                                   31           4
Alix Partners                  Barclays                            Apple        Sanofi Genzyme
3                              7                                   3            3
Bain & Company                 Citi                                Cisco

7                              4                                   4
Boston Consulting Group        JP Morgan                           Dell

21                             8                                   5
Deloitte                       Liberty Mutual                      Google

15                             3                                   8
                               Morgan Stanley                      IBM
EY—Parthenon
14                             3                                   4
                                                                                THE DUKE NETWORK ADVANTAGE
                                                                   Microsoft
McKinsey
18                                                                 11           “When I started my company, I
                               THE DUKE MBA ADVANTAGE
                                                                   Samsung       tapped into the Fuqua network
Triangle Insights Group
3                              “Fuqua blows other schools away    3             constantly for advice. What was
                                                                                 most rewarding was people’s
                                at teamwork. They value teams,     SAP
                                                                                 willingness to go out of their way
                                and they talk about it. And it’s   3             to help a fellow Fuquan however
                                reflected in their behavior.
                                                                   Tesla         they could.
                                -F
                                  rom qualitative research
                                 among Duke MBA employers          3            -C
                                                                                  lass of 1995 graduate

                                                                                fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020

health care
industry
resources

WHAT DOES FUQUA OFFER?

Duke University has educated
professionals in the administration
of hospitals, health systems, and
                                                                 +25                %
health-related organizations since                               increase in enrollment in
Duke Hospital opened in 1930 –                                   our Health Sector
meaning Health Sector Management
                                                                 Management Certificate
(HSM) at Fuqua is the oldest and
largest health management program                                program in 2019-2020
among top U.S. business schools.                                 versus the previous year.

                                      fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020                                                                                                                                             HEALTH CARE INDUSTRY RESOURCES

                                                                                                                                 MY CAREER STORY

                                               DYNAMIC COURSES                                                 MY CAREER STORY

                                               Among the many dynamic courses available to                                                          unique
                                               HSM students are Health Institutions, Systems and
                                               Policy; Health Care Markets; Provider Strategy;                                                      connections
                                               and Health Policy and Management. More than 20
                                               percent of students choose to earn the Health Sector
                                               Management certificate – whether they are intent
                                               on pursuing a career in the health sector itself, or in
                                               developing an understanding of an industry that
                                               accounts for nearly a fifth of U.S. GDP
                                                                                                              Alan Ma
                                                                                                              Co-Founder,
                                                                                                              VP Business Operations
                                                                                                              CasTag Biosciences
                                                                                         MY CAREER STORY

                                                                                                           CasTag Biosciences is a start-up
                                                                                                           based on technology developed

health care                                                                                                at Duke University that allows
                                                                                                           researchers to study any gene of
                                                                                                           interest at an unprecedented rate.
                                                                                                           Our scientists developed a new
While Fuqua is known for preparing                                                                         vector system for CRISPR
students across a broad range of                                                                           Knock-In to allow researchers
industries, the health sector is one of                                                                    to study endogenous proteins to          Students’ faculty, advisors, and the real-
                                                                                                           expedite medical discovery.
our specialties.                                                                                                                                    world projects they participate in help
                                                                   Sravya Durbha                                                                    make connections to industry leaders–
                                                                   Associate Director,                     Fuqua activities:
Here we focus on the entire industry                               Optum Genomics,                                                                  including those in nearby Research
                                                                   Optum                                   -C
                                                                                                             o-president of the Entrepreneurship   Triangle Park.
ecosystem: provider, payer, policy, biotech,                                                                and Venture Capital Club
pharma, IT, med device, global health, and                     Sravya made the transition
                                                                                                           - Venture Fellow                         Fortune 100 multinational organizations,
                                                               from public health
more. Our Health Sector Management                             consulting and the public                   - Senior Venture Fellow                  university spin-outs, and start-ups are
certificate helps students understand                          sector side of health care to               -P
                                                                                                             rogram manager for the                all right in our backyard. Cross-collaborative
market fundamentals and gain exposure                          securing an internship at                    New Venture Fellows                     opportunities with organizations like Duke
                                                               Intuitive Surgical in medical
to the complex interactions among                                                                                                                   University Hospital or the Duke-Margolis
                                                               devices, and ultimately
industry players.                                              going full time to Optum.                   Summer internship:                       Center for Health Policy aren’t just
                                                                                                           Hatteras Venture Partners                accessible to our students – they’re a
                                                               Fuqua activities:                                                                    meaningful part of their education.
                                                               -H
                                                                 SM Fellow

                                                                                                                                                        fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020

internships

                                                                  THE DUKE CMC ADVANTAGE

                                                                  “The CMC was
                                                                   incredibly helpful in
                                                                   preparing us for the
                                                                   recruiting season
DAYTIME MBA                                                        and getting into a
CLASS OF 2021 STUDENTS
                                                                   good summer
Internships are an important                                       internship. I’m sure
part of the career search process.                                 I wouldn’t have
Internships provide opportuni-                                     gotten the Summer
ties for first year MBA students to                                Associate position at
practice the skills they’ve learned                                JPMorgan without
through the CMC offerings, to
                                                                   the CMC’s help.”
test the industry or function they
aspire to enter, and possibly to
                                                                   -C
                                                                     lass of 2007 graduate
secure a job offer prior to starting
their second year.

                                       fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020                                                                                                                                                    INTERNSHIPS

THE DUKE CMC ADVANTAGE                                                 top 5 sources of internships
“When I started looking at
 promotion opportunities, the                                          SCHOOL-FACILITATED ACTIVITY             SCHOOL-FACILITATED ACTIVITY

 CMC was able to help with
 mock interviews and
 research material.”
 - Class of 2006 graduate
                                THE DUKE NETWORK ADVANTAGE

                                “When I moved to Hong Kong, I
                                 was able to use the network to
                                                                       47               %
                                                                                                               12              %
                                                                       scheduled interviews                    other school-
                                 not only prepare for the move         on or off campus for                    facilitated source
                                 and meet fellow alums abroad          internship employment                   (N=339)

                                 but also ask specific culture         (N=339 SCHOOL-FACILITATED ACTIVITIES)

                                 questions - the insight enabled
                                 me to build effective relationships   SCHOOL-FACILITATED ACTIVITY             STUDENT-FACILITATED

                                                                                                                                                  84+16
                                 with my corporate peers in the

                                                                       12              %
                                                                                                               9         %
THE DUKE MBA ADVANTAGE
                                 Hong Kong office. ”
“We hire a lot of bright        -C
                                   lass of 2005 graduate

 interns, but it’s that
                                                                       job postings                            personal contacts
 collaborative and sparking
 personality that helps seal
                                                                       (i.e. school career systems, resume
                                                                       books, resume referrals by career
                                                                       center)
                                                                                                               (i.e. previous employers, family,
                                                                                                               friends outside of school, etc.)               16%
                                                                                                                                                             STUDENT-
 the deal for Fuqua students.                                          (N=339)
                                                                                                               (N=65 STUDENT-FACILITATED ACTIVITIES)
                                                                                                                                                            FACILITATED
                                                                                                                                                             ACTIVITIES
 -F
   rom qualitative research    THE DUKE MBA ADVANTAGE
  among Duke MBA employers
                                “What’s more difficult (in the        SCHOOL-FACILITATED ACTIVITY

                                 workplace) is leading a group
                                 of 10 different people. Can you
                                 get superb results with the hand
                                 you are dealt? Fuqua students
                                                                       8         %
                                                                       other career center
                                                                                                                                                                      84%
                                                                                                                                                                       SCHOOL-
                                                                                                                                                                     FACILITATED
                                                                                                                                                                      ACTIVITIES

                                 excel at this.”                       activities
                                 -F
                                   rom qualitative research           (i.e. job fairs/conferences, employer
                                  among Duke MBA employers             events, information meetings, school                                             Activity sources that led to
                                                                       promoted
                                                                        (N=339)     job boards)                                                         internship acceptance

                                                                                                                                  fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020                                                                                                                                               INTERNSHIPS

internship by industry                                                                                                               top 5 industries*
                                                                                                                                     (N=431 INTERNSHIPS REPORTED)

                                                                                                                                     technology

                                                                                                                                     29%
                              government                                                                                             consulting
                                                                                                            non-profit

                                                                                                                                     26%
                                                              consulting
                                                                                                                                     financial services
                                                                                     financial
                                                                                     services
                                                                                                                                     26%
                    hospitality

                                                                                                                                     health care
                                           energy                                                               transportation/
                                                                                                                   logistics         15%
                                                                 technology                                                          consumer packaged goods
                                                                                                                                     8%
                                                                                                media
                                                                                            entertainment

                                                     health care
                                               (INC. PRODUCTS& SERVICES)     consumer                                                THE DUKE CMC ADVANTAGE

                     manufacturing                                         packaged goods
                                                                                                                                     “The CMC crew is there for you
                                                                                                                                      all the time. From the first day
                                                                                                                                      of classes through graduation.”
                                                                                               retail                                - Class of 2013 graduate

                                                                                                                                  * INCLUDES MULTIPLE INTERNSHIPS BY INDIVIDUAL STUDENTS

                                                                                                                                   fuqua.duke.edu/programs/daytime-mba/career-development
FUQUA EMPLOYMENT REPORT 2020                                                                                                                                                                         INTERNSHIPS

                                employment*                                    employment*                                monthly internship                                mean compensation
                                by industry                                    by function                                compensation*                                     by industry
                                (N=431 INTERNSHIPS REPORTED)                   (N=429)                                    (TOTAL REPORTING BASE SALARY)

                                technology                                     consulting                                 mean compensation                                 technology
                                29      %
                                                                               28    %
                                                                                                                                                                            $7,940
                                consulting                                     other
                                                                                                                          $
                                                                                                                              8,996
                                                                                                                          (N=339 STUDENTS REPORTING)
                                                                                                                                                                            consulting
                                26      %
                                                                               24    %
                                                                                                                                                                            $11,846
                                                                                                                          mean signing bonus
                                financial services                             finance                                                                                       inancial services
                                26      %
                                                                               22    %                                    $
                                                                                                                            5,096
                                                                                                                          (N=61)
                                                                                                                                                                            $10,076
                                health care                                    general management                                                                           health care
                                15   %
                                                                               20%                                        PERMANENT WORK AUTHORIZATION
                                                                                                                                                                            $7,916
                                                                                                                          mean internship compensation
                                consumer packaged goods                        marketing/sales
                                                                                                                          $
                                                                                                                              8,993
                                                                                                                                                                            consumer packaged goods
                                8   %
                                                                               17%                                                                                          $7,738
                                                                                                                          (N=245 STUDENTS REPORTING)

                                other                                          operations/logistics
                                                                                                                          mean signing bonus                                other
THE DUKE MBA ADVANTAGE
                                4  %
                                                                               5%                                                                                           $5,817
“There’s a shift in
 today’s companies
                                non-profit                                     human resources
                                                                                                                          $
                                                                                                                            5,277
                                                                                                                          (N=49)                                            non-profit
 where there’s a                3   %
                                                                               1 %
                                                                                                                                                                            $6,100
 fundamental team                                                              information technology
                                                                                                                          NON- PERMANENT WORK AUTHORIZATION

 environment, and                                                                                                         mean internship compensation                      energy
                                                                               1%
 Fuqua students                                                                                                                                                             $6,556
 are well-prepared
                                                                                                                          $
                                                                                                                              9,005
                                                                                                                          (N=94)                                            manufacturing
 for this.”
 -F
   rom qualitative research
                                                                                                                          mean signing bonus                                $7,171
                                                                                                                          $
                                                                                                                            4,355
  among Duke MBA employers
                                                                                                                                                                            government
                                *TOTAL GREATER THAN 100% RESULTING FROM A PORTION OF STUDENTS WITH MULTIPLE INTERNSHIPS   (N=12)
                                                                                                                                                                            $5,931
                                                                                                                                                              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

        DUKE UNIVERSITY’S FUQUA SCHOOL OF BUSINESS
                                   100 FUQUA DRIVE
                                         BOX 90120
                             DURHAM, NC 27708-0120

        fuqua.duke.edu/programs/daytime-mba/career-development
You can also read