Georgetown MBA Employment Report: Alumni and Technology Support Career Outcomes
The Georgetown MBA employment report reveals a successful year for the McDonough School of Business Class of 2020. The results reflect the combined efforts of the university and the alumni network to combat the economic effects of the pandemic.
Within three months of graduation, 93 percent of the class received job offers and 90 percent accepted those offers. Georgetown McDonough also boasts hitting a record average starting salary of $128,162, representing a $4,000 increase over 2019.
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The largest industry for Georgetown McDonough graduates is consulting, where 32 percent of graduates found work. Twenty-four percent of the class went into financial services, 19 percent into technology, and 6 percent went into real estate. Six percent also entered social impact work, which represents a 3 percent increase over last year.
University Programs and Campaigns
Foreseeing a need to assist MBA graduates in the pandemic economy, McDonough Career Services established the Hoyas Helping Hoyas campaign, which tapped their global alumni network to connect graduates with potential employers. Over 200 alumni came through with internships, job opportunities, or mentorships. McDonough also hosted a Virtual Recruiting Summit over the summer designed to prepare students for a technology-heavy recruiting environment, which the school also demonstrated by taking its Career Services fully virtual, allowing organizations to effectively recruit while not on campus.
Other university programs such as the Executive Challenge, global career treks, and student career days that typically involved interpersonal hands-on experiences and travel, were converted to a virtual format to ensure students did not miss the networking and career-building opportunities.
In the school’s employment report announcement, associate dean and managing director of McDonough Career Services Doreen Amorosa said, “It is a testament to Georgetown McDonough’s reputation among employers for having the best-trained, most creative graduates and the strength of the alumni network, which responded in full force to the job market challenges posed by the pandemic, that our Class of 2020 has found success in a very complicated time for business.”