FULL-TIME MBA Employment Overview 2019–20

Full-Time Employment Salary Average Salary $124,058 per YEAR STUDENT ASSESSMENT Median Salary $126,250 per YEAR OF CAREER SERVICES # — The Economist 2019 Internship Stats 7 Average Salary $8,293 per MONTH Median Salary $8,000 per MONTH Internship Rate 99.1%

EMPLOYMENT by FUNCTION

32.1% Consulting 2,010 19.3% Marketing ON-CAMPUS INTERVIEWS ANNUALLY 18.7% Finance 16.6% General Management 8.6% Operations 1.6% Technology 1.6% Human Resources 1.5% Other ALUMNI ASSESSMENT OF CAREER SERVICES # — Financial Times 2018 EMPLOYMENT by INDUSTRY 30.5% Technology 30.5% Consulting 11 10.2% Finance 8.6% Manufacturing 7.0% Health Care 5.8% Other 3.2% Consumer Packaged Goods 2.1% Energy/Petroleum/Utilities 1.6% Government/Not-for-Profit % 0.5% Media and Entertainment 93.7RECEIVED OFFERS BY 3 MONTHS EMPLOYMENT by GEOGRAPHY AFTER GRADUATION 28.3% 10.2%

28.3%

16.0%

3.7% 5.3% 0.5%

1.1% 5.9% 0.5%

tepper.cmu.edu/mbacareers CONSULTING/STRATEGY 2019–20

Mean Salary Compensation by FUNCTION % Accepted Mean

CONSULTING 32.1% $140,094 Consulting: 28.9% $143,605 Management Strategy $140,094 Consulting: Internal 3.2% $109,667 Consulting Electives

• Consulting and Conflict Resolution • Corporate Financial Reporting TOP RECRUITERS • Customer-Driven Strategies and Services • Alix Partners • Managing Intellectual Capital and Knowledge-Intensive Businesses • A.T. Kearney • Negotiations • Deloitte • McKinsey & Company • New Product Management • PricewaterhouseCoopers • Organizational Change 5 • Presenting Competitively • Pricing Strategy PROFESSIONAL and SOCIAL + STUDENT MBA CLUBS • Risk Analysis 40 • Strategic Corporate Management Business and Technology Club • Technology Strategy Consulting Club

The Consulting Club is the largest MBA club Graduate Finance Association and alongside the MCC delivers an extensive series Marketing Club of events for students interested in careers with Operations Management Club consulting firms or corporate strategy groups.

These employment statistics conform to the MBA Career Service & Employers Alliance (MBA CSEA) Standards for Reporting Employment Statistics.

tepper.cmu.edu/mbacareers ENTREPRENEURSHIP 2019–20

Swartz Center for Entrepreneurship NEW COMPANIES The campus hub for entrepreneurship is LAUNCH ANNUALLY the Swartz Center for Entrepreneurship, 15-30 which partners with MBAs on business plans, venture capital and startup market entry. Carnegie Mellon professors and students launch an average of 15–30 new companies annually. A few you may know: Carnegie Mellon’s innovation spurs economic growth and has helped to launch more than 300 • Aquion Energy • mSpoke companies and 9,000 jobs in the past 15 years. • Avere Systems • NoWait • BlackLocus • PayTango • CardMunch • Perfect Pushup • Carnegie Learning • PittPatt • DuoLingo • Plextronics 300 9,000 • Dynamics • ReCaptcha COMPANIES JOBS • FORE System • Resumator • IndexTank • Shutterfly • Lumator • Spinnaker Networks • Lycos • Vivisimo Entrepreneurship Electives • ModCloth • 4Moms

• Commercialization and Innovation Workshop • Entrepreneurial Alternatives PROFESSIONAL and SOCIAL + STUDENT MBA CLUBS • Entrepreneurship Through Acquisition 40 Funding Early Stage Ventures • Business and Technology Club • Gaining Advantage Through Sales Graduate Entrepreneurship Club • Lean Entrepreneurship Graduate Finance Club • Marketing for Entrepreneurs Healthcare Club • The Science of Growth Marketing Club Operations Management Club

tepper.cmu.edu/mbacareers FINANCE 2019–20

Mean Salary Compensation by FUNCTION % Accepted Mean

FINANCE 18.7% $108,626 Corporate (Analysis/Treasury) 8.0% $115,857 Investment Banking 3.7% $109,857 $108,626 Asset Management 1.6% N/A Other 1.6% N/A Finance Electives Analytics 1.6% N/A • Corporate Finance Structured Products 1.1% N/A Accounting 0.5% N/A • Corporate Restructuring Research 0.5% N/A • Debt Markets • Energy Finance • Fixed Income Investment • Optimization Methods in Finance TOP RECRUITERS • Options • Amazon • Venture Capital and Private Equity • Capital One

The finance coursework is designed for the • Deutsche Bank lifetime of your career — Tepper MBA alumni are • Merck & Co. well-represented in senior financial positions • Strategic Advisors at investment banks and Fortune 50 corporate 5 finance groups and FinTech. + PROFESSIONAL and SOCIAL 40 STUDENT MBA CLUBS Alpha Asset Management Club Graduate Entrepreneurship Club Graduate Finance Association

These employment statistics conform to the MBA Career Service & Employers Alliance (MBA CSEA) Standards for Reporting Employment Statistics.

tepper.cmu.edu/mbacareers MARKETING 2019–20

Mean Salary Compensation by FUNCTION % Accepted Mean

MARKETING 19.3% $121,882 Product/Industrial (B2B) 10.2% $128,176 Brand 3.7% $118,286 $121,882 Research/Analytics 2.7% $114,700 Sales 2.7% $112,700 Marketing Electives

• Branding • Consumer Behavior TOP RECRUITERS • Customer Driven Strategies and Services • Amazon • Interactive Marketing • Google • Marketing Communications • Hewlett-Packard Inc. and Buyer Behavior • Microsoft Corp. • Marketing Research • VMware • Marketing With Social Media 5 • New Product Management • Pricing Strategy PROFESSIONAL and SOCIAL + STUDENT MBA CLUBS • Technology Strategy 40

More than 90% of MBAs pursuing marketing Business and Technology Club careers work in product management, brand Healthcare Club management, or marketing leadership Marketing Club development programs following graduation. Organizational Leadership Club

These employment statistics conform to the MBA Career Service & Employers Alliance (MBA CSEA) Standards for Reporting Employment Statistics.

tepper.cmu.edu/mbacareers OPERATIONS 2019–20

Mean Salary Compensation by FUNCTION % Accepted Mean

OPERATIONS 8.6% $126,033 MANAGEMENT/LOGISTICS Operations Management 5.9% $130,100 $126,033 Supply Chain 1.6% N/A Management/Logistics Operations Electives Production Management 1.1% N/A

• Demand Management and Price Optimization • Operations Strategy TOP RECRUITERS • Real Options • Amazon • Risk Analytics • Google • Service Management • Hewlett-Packard Inc. • Six Sigma Tools and Techniques • Target • Strategy, Performance Measurement • Wayfair and Corporate Governance 5 • Supply Chain Management • Sustainable Operations + PROFESSIONAL and SOCIAL 40 STUDENT MBA CLUBS The Operations Management Club hosts one of the longest-standing international operations Business and Technology Club case competitions in the U.S., dating back approximately three decades. Consulting Club Energy Club Healthcare Club Operations Management Club

These employment statistics conform to the MBA Career Service & Employers Alliance (MBA CSEA) Standards for Reporting Employment Statistics.

tepper.cmu.edu/mbacareers For a full list of MBA recruiting partners RECRUITING PARTNERS visit tepper.cmu.edu/mbacareers

Abbott Laboratories Experfy North American Dental Group AB-Inbev ExxonMobil Corporation Numo Accenture EY (Ernst & Young) NVIDIA Agoda Facebook Inc. PayPal Alcoa Federal Reserve Bank of New York PeaceCorps Alexander Group FedEx Corporation Pentuum Inc Alix Partners Fiat Chrysler Automobiles Pfizer Allstate Corp. Fiserv Philips Allstate Insurance Company Ford Motor Company Philips Healthcare Altman Vilandrie & Company Fortive Pitney-Bowes Inc. Amazon Inc. Gap Inc. PNC Financial Services American Express Genentech PNC Riverarch Capital Analysis Group Inc. General Mills PPG Industries Inc. Apple Glassdoor Procter & Gamble AT&T Inc. Goldman Sachs Proofpoint Inc. Audia Group Google Inc. Propeller Aurora Flight Sciences Grant Thornton LLP PricewaterhouseCoopers Bain & Company Gridwise.io Qualtrics Bally Design Griffin Financial Group LLC Quant Group Bank of America Merrill Lynch GSK Consumer Healthcare Quartet Health BASF Hewlett-Packard Inc. Quest Diagnostics Inc. BB&T Capital Markets Hershey Company Raytheon Biogen Idec Inc. Highmark Health Solutions Remitly Inc Blizzard Entertainment Highmark Inc. Renaissance Strategic Advisors Boeing Co. Home Depot Resolution Economics Boehringer Ingelheim Honeywell Roland Berger Strategy Consultants Boston Consulting Group Humana Inc. S&P Global Bridgestone Americas IBM Samsung Bristol-Myers Squibb Indigo Agriculture Smith Micro Software Capital One Financial Co. InfoMagnus SpaceX Cardinal Health International Finance Corporation Strategic Advisors Inc. Cargill Intuit Inc. Target Corporation Chartis Group Intuitive Surgical TATA Consultancy Services Chemonics International Inc. Invex Thermo Fisher Scientific Chewy J.P. Morgan Thomson Reuters CIGNA Jefferies & Co. T-Mobile City of Pittsburgh Jet.com Toyota Financial Services Cognizant Johnson & Johnson U.S. Navy College Board Juniper Networks Uber Comcast Kasikornbank PCL UGE International Ltd. Consolidated Container Co. Kennametal Inc. UGI Corporation Consulate General of Canada KPMG Union Pacific Corporation Corning Incorporated Liberty Mutual United States Army CRH Americas Materials Inc. Lilly United States Secret Service CVS Health M&T Bank Corporation United Technologies DaVita Inc. Mastercard UPMC Enterprises Decision Resources Inc. McKinsey & Company UPMC Health System Dell Inc. McMaster-Carr Vanguard Group Inc. Deloitte & Touche LLP Medtronic Inc. Veritas Deloitte Consulting Merck & Co. Verizon Communications Deutsche Bank AG MetLife Inc. Via Transportation DHL Consulting Micron Visa Inc. Dick’s Sporting Goods Microsoft Corp. VMware Inc. Dimensional Fund Advisors Moss Adams LLP Walmart.com Dow Chemical Company Movable Ink Wayfair Eaton Corporation National Grid West Monroe Partners eBay Navy Federal Credit Union Western Digital Ecolab Near Earth Autonomy Wipro Education Pioneers New York Green Bank Wipro Technologies Edward Jones New York Presbyterian Hospital Zillow Electronic Arts Nextera Energy ZS Associates Emerson Nomura Research Institute Zurich Insurance Evoqua Water Technologies Nomura Securities Co. LTD

* The Recruiting Partners list is comprised of companies that have made offers to our students and/or have participated in recruiting events.