Daytime mba EMPLOYMENT REPORT - Duke Fuqua
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daytime mba
EMPLOYMENT REPORT
2020
fuqua.duke.edu/programs/daytime-mba/career-development
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
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
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
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
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
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
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
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
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-developmentFUQUA 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-developmentFUQUA 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-developmentFUQUA 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-developmentFUQUA 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-developmentFUQUA 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-developmentFUQUA 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-developmentFUQUA 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-developmentFUQUA 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-developmentFUQUA 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-developmentFUQUA 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-developmentFUQUA 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-developmentFUQUA 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-developmentFUQUA 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-developmentFUQUA 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-developmentFUQUA 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-developmentFUQUA 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-developmentFUQUA 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-developmenthere’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-developmentYou can also read
