Dartmouth Tuck MBA Graduates Again See High Job Placement
Credit: Image Credit: Bing Guan / Bloomberg / Getty Images- Dartmouth College’s Tuck School of Business reported that 96% of its 2023 master of business administration graduates got a job offer within three months of graduating.
- Ninety-three percent accepted an offer within that same time frame.
- Ninety-eight percent of international graduates received an offer, and 95% accepted, according to the Tuck press release.
- 2023 is the third consecutive year that Tuck MBA graduates scored a 95% or higher job offer rate.
Another top business school reported higher salaries and job placement for its 2023 master of business administration (MBA) graduates.
Dartmouth College’s Tuck School of Business said in a press release that 96% of its 2023 MBA graduates were offered a job within the first three months of graduation, and 93% accepted an offer within that same time frame.
That’s the third consecutive year Tuck MBA graduates scored a 95% or higher job offer rate. In fact, the only year in the past decade that saw Tuck MBA graduates with a job offer rate of less than 95% was highly pandemic-affected 2020.
Those figures were even better for international graduates seeking employment: 98% received an offer, and 95% accepted, according to the Tuck release.
More 2023 Tuck MBA graduates went into the financial services and tech industries than in 2022, according to the release: 14% of 2023 graduates went into the tech industry compared to 11% in 2022, and 23% of this year’s graduates went into financial services compared with 20% last year.
“These healthy employment numbers are a testament to the strong combination of skills — coveted by top companies in every industry — that Tuck graduates offer,” Stephen Pidgeon, Tuck’s executive director of career services, said in the release. “No matter their post-MBA path, Tuck MBAs have a high likelihood of success.”
MBA degrees can translate into both better job prospects and a healthy return on investment — and 2023 Tuck MBA graduates saw strong starting salaries. The median base salary was $175,000, and the median signing bonus was $30,000, according to the release.
Median starting base salaries in consulting and tech were $190,000 and $160,500, respectively — both increases from 2022. Financial services median salaries remained the same as in 2022.
The rising starting salaries for Tuck MBA graduates reflect a larger trend. The Graduate Management Admission Council (GMAC) projected earlier this year that MBA starting salaries would rise in 2023 compared to 2022.
“The sentiment among employers remains positive — 69 percent of employers say employees with GME (graduate management education) degrees tend to earn more at their companies than others, which is largely consistent across region, industry, and company size,” the GMAC’s 2023 Corporate Recruiters Survey reads.
Earnings in the financial sector haven’t just increased for Tuck MBA graduates: The financial sector was also key to driving up earnings for 2023 MBA graduates from Northwestern University’s Kellogg School of Management s.
Roughly 22% of the Kellogg class of 2023 MBA graduates accepted a job in that sector, up from 16% from the class of 2022. That includes 10% of the class of 2023 who accepted jobs in private equity (PE), with a median base salary of $190,000, representing a roughly $20,000 increase from the same field last year.