The Georgetown University McDonough School of Business employment report for the MBA Class of 2023 shows that the new graduates secured record-setting average salaries for the program, reported at $149,256–an eight percent increase over last year’s record-setting class. Roughly 93 percent of graduates received a job offer within three months of graduation and 92.5 percent accepted their offers. Eighty percent of job acceptances were facilitated by Georgetown’s McDonough Career Center and 59 percent of acceptances were converted from prior internships.
“We are proud of the Class of 2023 for their hard work and dedication in securing impactful roles across a range of industries and sectors,” said Christy Murray, associate dean and managing director of career services at Georgetown McDonough, in the school’s announcement. “This year’s employment outcomes are a testament to our talented students who remained focused on their academic and career-related goals, embraced the job search process, and supported one another throughout the program.”
Consulting stayed at top spot of industry choice at 35 percent, followed by 25 percent choosing financial services post-MBA. Eighteen percent entered the tech industry. Five percent each went into consumer goods/retail, real estate/hospitality, or manufacturing/transportation/energy roles. The most popular field, consulting, also reported the highest average salary by industry at $163,930.
Ninety-five percent of the class remained in the U.S. to begin their post-MBA careers. Thirty-nine percent chose to stay in the Mid-Atlantic region. Thirty-one percent headed to the U.S. Northeast while another 10 percent settled in the U.S. West. Six percent chose to work in the South, followed by five percent in the Midwest.