The University of Texas Austin McCombs School of Business has released its 2022 MBA employment report. Of the 241 graduates of the Class of 2021, 211 sought employment. Ninety percent received job offers by graduation and that number increased to 95.3 percent within three months of graduation. Those seeking employment set a new record, as they secured the highest average base salary in the school’s history of $144,564. The median salary landed at $140,500 with the overall range of salaries coming in at $60,000 to $225,000. The average signing bonus was $31,178 and the median was an even $30,000. The Class of 2022 also saw a record increase in consulting sector jobs.
McCombs facilitated 74 percent of job opportunities through internships, recruiting through Texas McCombs corporate partner ecosystem, alumni and staff networking, or other UT Austin resources.
Technology was once again the top industry for recent McCombs grads, taking in nearly 32 percent. Thirty percent joined the consulting industry, a seven percent jump over last year. Financial services followed at 17.9 percent, which is nearly identical to last year’s class. Nearly five percent pursued jobs in real estate and roughly four percent joined the energy/utilities industry.
Owing partly to the opportunities in Texas, particularly in Austin, a majority of MBAs—71 percent—stayed in the Southwest. Within the Southwest, 97% of cities represented were Texas cities. Placement in the West followed at 12.2 percent. Nearly seven percent headed to the Northeast U.S. Nearly five percent settled in the South and nearly four percent pursued work in the Midwest.
The McCombs graduates who settled in the Northeast reported the highest median salary by region at $158,538.