Ross MBA Employment Report: Record-Breaking Offers, Placement and More
The Michigan Ross full-time MBA Class of 2022 broke several records, according to the employment report. A staggering 99 percent of graduates received job offers three months after graduation and 98.4% of graduates accepted jobs within three months of graduation. The median salary landed at $165,000, which represents a $21k increase over the Class of 2021. The median of salary packages, which includes salary and signing bonus, for the Class of 2022 came in at $192,270–about $21k above last year’s class, too.
Heather Byrne, Managing Director of the Career Development Office at Michigan Ross, commented in the school’s announcement, “These record-setting results for acceptance rates, offers, and salaries reflect the exceptional quality of our students, the hands-on experiences they receive at Michigan Ross, and the depth of support and connections our Career Development Office provides them.”
Eighty-five percent of the offers and acceptances were school-facilitated by the Career Development Office or sourced on campus.
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Placement in consulting was another record for the school, as 42.2 percent of the Ross MBA Class of 2022 entered the field. Technology was a distant second at 17.3 percent. Fifteen percent of Ross MBA grads chose to work in finance after graduation. Roughly six percent chose healthcare, which includes products and services. Just over five percent joined the consumer products industry.
McKinsey & Co., Bain & Co., Boston Consulting Group, and Amazon were among the top employers of the Ross MBA Class of 2022 graduates, along with PepsiCo, EY-Parthenon, Deloitte, Microsoft Corp., and JPMorgan Chase & Co. In addition, 23 percent of all graduates and 55 percent of consultant hires were made by McKinsey, Bain and BCG.
Regional Career Destinations
Ninety-eight percent of graduates found careers in the US. Just over 30 percent of the class went to work in the Midwest region of the country, with 19 percent settling in the Chicago metro area. Equal percentages of graduates headed to the West and Northeast U.S. — 24.3 percent. Nearly eight percent headed to the Southwest region of the U.S. Nearly seven percent settled in the Mid-Atlantic and five percent chose to work in the South U.S.