Employment Report: NYU Stern MBA Class of 2019 Graduates Set Record for Earnings and More
This week, NYU Stern released its employment report for the full-time MBA Class of 2019. It was an excellent year for the graduating class, with some impressive increases. Specifically, median salaries increased 12 percent over last year, reaching an all-time high of $140,000. At the same time, the employment rate three months post-graduation reached 94.2 percent, the highest in more than a decade.
Beth Briggs, the assistant dean of career services, said, “At NYU Stern, we equip our students with both the mindset and tools to excel in ambiguity and to embrace the change that characterizes today’s business landscape. This is reflected in our all-time high median salaries, steady signing bonuses, and record employment rates for the two-year Full-time MBA Class of 2019. Regardless of the sector, we’ve graduated a class of strategists who can solve problems and drive results.”
NYU Stern Employment Report Highlights
Top 3 Industries: Consulting, Investment Banking, and Tech
For the second year in a row, consulting was the top industry of choice for MBA graduates, growing 8.7 percent over last year. A full six out of the top ten employers for the Class of 2019 were consulting firms (including McKinsey, Deloitte, BCG, EY, PWC, and Bain), with 37.1 percent of the class accepting jobs in the industry.
Investment banking earned second place, with 22.6 percent of the class. For those that chose this industry, they earned a 20 percent higher salary than last year at top employers such as J.P. Morgan, BOAML, Credit Suisse, Goldman Sachs, and Citi.
Finally, tech came in third place, with 15 percent of the class accepting jobs in the sector. Some of the top hiring tech firms included Amazon, Google, American Express, Microsoft, IBM, and Facebook.
100 Percent of the Class Gained Internships
For the MBA Class of 2019, 100 percent of students who sought internships secured them. As for the Class of 2020, 86 percent found their internships through Stern-supported activities. Some of those sources include:
- 7% Stern on-campus interviews
- 4% Stern job posting
- 7% Stern clubs, treks, conferences, etc.
- 1% Stern alumni
- 5% Stern career fairs
On average, they earned $2,388 each week, with 81.8 percent accepting a position in the Northeast United States.
Check out the full employment report here.
NYU Stern’s Full-Time One-Year MBA Programs Status Update
So far, for the Tech MBA, industry job offers have been diverse and include technology, financial services, and healthcare. And within these industries, students have accepted job offers in roles ranging from product and program management to data analytics, operations, and strategy at companies such as Amazon, American Express, Uber, and Microsoft.
For the Fashion & Luxury MBA, students are working in a range of verticals such as beauty, fashion, consulting, and retail. Companies include Coach, L’Oréal, Macy’s, Tom Ford, and more. According to Beth Briggs, “students are securing roles at a pace that matches the nature of this networked and just-in-time hiring sector.”