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NEWS RELEASE: Tepper School of Business MBA Class of 2017 Employment Statistics: Outpacing Other Programs with Strongest Year for Tech Jobs and Record-Breaking Salaries

Tech industry accounts for 43 percent of jobs accepted, with 58 percent of women MBAs taking on tech jobs

Contact:
Noelle Wiker
(412) 992-1486
nwiker@cmu.edu

Mara Falk
(917) 239-9453
marafalk@cmu.edu

The Tepper School of Business released its 2017 Full-time MBA Employment Report, which summarizes the job offers for the graduating class of full-time MBA students, as well as summer internships for rising second-year students, by industry, function and median compensation.

A record-setting 43 percent of the graduating class — up from 34 percent last year — accepted jobs in tech companies. With numbers that outpace most other top MBA programs, the percentage of Tepper students entering the tech field has approximately doubled over the last five years.

Additionally, a record-breaking 58 percent of women MBAs in the Class of 2017 entered the tech field — up from 45 percent for the Class of 2016.

“The most recent employment data demonstrates the significant success of our students, particularly in the technology industry,” said Stephen Rakas, executive director of the Career Opportunities Center at the Tepper School. “This year’s report highlights the Tepper MBA program’s continued success in preparing outstanding next-generation leaders at the intersection of business and technology.”

The Tepper Career Opportunities Center was ranked no. 11 in effectiveness of career services by alumni in the Financial Times most recent survey, and no. 11 in student satisfaction with career services by The Economist.

“Going to the Tepper School was one of my best decisions. Not only did I meet lifelong friends, I got my dream job,” said Karin Lilliedahl, MBA 2017, project and process manager for Google Business Services. “At Tepper, I mastered skills in leadership, time management and most importantly, working in cross-functional teams. In my role, I work between business operations and engineering. Things are constantly changing, and there is always a new challenge, but my Tepper experience allows me to face these challenges in an innovative and productive way.”

  In August 2018, the David A. Tepper Quadrangle, the business school’s new home, will open. In addition to being a state-of-the-art learning and research facility the Tepper Quad will amplify the connection between technology and business education to prepare students for leadership roles within a complex world driven by technology, big data and the power of analytics.

“The education I received at Tepper has been instrumental for my success in my current role,” noted Saraswati Kaul, MBA 2017, senior product manager for Technical Products at Amazon. “The rigorous program at Tepper included a strong balance of skills spanning tech acumen, problem solving, financial know-how and design courses that I use on a daily basis. In my role I’m often working with both engineers and customers, and the communication skills that I learned have been extremely helpful.”

Successes across multiple industries

Additionally, 20 percent of the MBA class entered jobs in the consulting industry, representing 24 percent of men and 11 percent of women in the class. Following consulting, 15 percent of the class accepted jobs in financial services and 9 percent in biotech, health or pharmaceuticals.

Salaries continued to grow over last year’s all-time high, with the median starting salary at $120,000. Students entering consulting roles were especially successful, with a median starting salary of $140,000.

The top three employers for the Class of 2017 were Amazon, Microsoft and PricewaterhouseCoopers, with 15 percent of the graduating class accepting offers from Amazon. Regionally, one-third of the class took on roles that brought them to the West Coast, followed by 26 percent who headed to the northeast U.S.

“The Silicon Valley trek is a perfect opportunity for students to get a sense of what to expect from various companies and what it would be like to live there,” said Shavak Asthana, MBA student and vice president of the Business & Technology Club. “The trek always provides insight into one or two companies that surprise students and gives them an opportunity to learn a lot about a specific business they might not be very familiar with. There are typically other Tepper alumni meeting with us at each location, so it’s really helpful to hear from someone who has been where you are now.”

“We’re incredibly proud of the Class of 2017 and look forward to celebrating their future successes,” said Robert Dammon, dean of the Tepper School of Business and professor of financial economics. “The results of the 2017 Employment Report further emphasize the quality of a Tepper MBA, and I am confident that the employment successes of our students will continue to impress as we move into our new physical home in the Tepper Quad next year.”

The Tepper School was ranked no. 10 in Bloomberg Businessweek’s employer survey.

For a more comprehensive breakdown of career and internship statistics, review the 2017 MBA Summary Employment Report (pdf).

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About the Tepper School of Business 
Founded in 1949, the Tepper School of Business at Carnegie Mellon University (www.tepper.cmu.edu) is a pioneer in the field of management science and analytical-decision making. The school is among those institutions with the highest rate of academic citations in the fields of finance, operations research, organizational behavior and operations management. The academic offerings of the Tepper School include undergraduate studies in business and economics, Master’s degrees in business administration, product management and business analytics as well as doctoral studies in accounting, business technology, economics, finance, marketing, operations management, operations research and organizational behavior.