1 employment & salary report Rotman Career Services Employment and Salary Report 2020-2021 2 employment & salary report Contents Director’s Message 3 Full-Time MBA Employment 4–5 Full-Time MBA Internships 6–7 Master of Financial Risk Management 8 (MFRM) Employment Master of Financial Risk Management 9 (MFRM) Projects Master of Management Analytics 10 (MMA) Employment Master of Management Analytics 11 (MMA) Practicums Corporate Partnership Opportunities 12 Companies Hiring at Rotman 13–15 Connect with Rotman Career Services 16–17 3 employment & salary report Director’s Message It gives me great pleasure to introduce the Rotman School’s Employment and Salary Report for 2020-2021. Whether you’re a young professional considering a Rotman degree program or a corporate recruiter looking to connect with our talented students and graduates, we hope you will find this report informative and useful. What a year it’s been! While none of us could imagine we would work remotely so long, we have pulled together and come out stronger than ever. At the Career Centre, we are proud of efforts to find our students and graduates meaningful work. Our team immediately transitioned to online service delivery, and our career support intensified. Some Lyla Korhani highlights: Director, Career Services Rotman School of Management • We launched a Hire a Student LinkedIn Campaign highlighting our 2020 graduates across all programs. • We delivered many industry events such as alumni coffee chats, lunch and learns and industry roundtables. • We expanded our job leads beyond traditional career paths and shifted focus on emerging industries including technology and healthcare. And the results speak for themselves. We are excited to announce that during this turbulent year, 89% of our Full-Time MBA graduates secured employment. Our Master of Management Analytics (MMA) graduates achieved 92% employment, and our Master of Financial Risk Management (MFRM) graduates achieved 75% employment. In the year to come, we will continue to honour our promise to our corporate partners to deliver the talent needed in today’s job market and move forward with new and innovative initiatives that will prepare our students for career progression in a wide range of industries. We encourage you to browse through our Recruitment Guide with more details on our 8 graduate level programs and diverse talent pool: www.rotman.utoronto.ca/recruit We look forward to partnering with the next Rotman class and a growing network of employers as our ambitious approach to career services breaks new ground in 2021. Lyla Korhani Director, Career Services Rotman School of Management 4 employment & salary report Full-Time MBA Employment Class of 2020 Profile Full-Time Employment Salaries (CAD) Mean Total Salary (inclusive of base, bonus, $112,897 Full-Time MBA Employment Rates and other compensation) 89% of Full-Time MBA students seeking employment Mean Base Salary $99,201 were employed by the end of 2020. Median Base Salary $87,000 Salary data based on 78% of employed students who 72% of Full-Time MBA students seeking employment reported salary information. were employed within three months of graduation. Mean Signing Bonus $20,829 Median Signing Bonus $15,345 Signing Bonus Range $2,000 – $87,900 20% of employed students who reported salary information received signing bonuses. Full-Time MBA Employment Salaries by Industry (CAD) Industry % of Total Employed Mean Median Range Financial Services 35.2% $93,784 $88,500 $65,000 – $200,000 Consulting 16.9% $124,556 $106,000 $70,000 – $210,000 Technology 10.1% $92,731 $92,000 $60,000 – $140,700 CPG & Retail 8.6% $80,105 $77,500 $54,600 – $135,000 Other 7.5% $96,182 $88,500 $60,000 – $200,000 Legal Services 6.4% $144,092 $91,385 $84,400 – $252,666 Healthcare 5.6% $87,455 $83,000 $50,000 – $170,000 Real Estate 3.4% $73,143 $75,000 $55,000 – $87,000 Energy & Natural Resources 2.6% $91,959 $95,000 $75,000 – $102,000 Entrepreneurship 1.9% $87,400 $87,000 $70,000 – $110,000 Manufacturing 1.5% $65,000 $65,000 $65,000 – $65,000 Government 0.4% Not reported Not reported Not reported Full-Time MBA Employment Salaries by Function Function % of Total Employed Mean Median Range Accounting/Finance 31.1% $92,872 $86,000 $55,000 – $200,000 Strategy 25.8% $111,115 $95,000 $50,000 – $210,000 Marketing/Sales 13.9% $84,471 $83,000 $60,000 – $159,131.88 Other 11.2% $90,577 $87,000 $60,000 – $170,000 General Management 7.9% $89,016 $87,500 $60,000 – $120,000 Legal Services 6.0% $148,848 $91,000 $84,400 – $252,666 Operations 3.0% $100,182 $95,376 $65,000 – $140,700 Business Design 1.1% $84,667 $90,000 $70,000 – $94,000 5 employment & salary report Class profile data is based on the incoming Full-Time MBA class of 2020 as of August 2018. Class of 2020 Profile INTERNATIONAL DOMESTIC TOTAL STUDENTS STUDENTS 36% 64% 334 STUDENTS 51% 49% 121 WOMEN 213 MEN 1 BscPhm/MBA 25 JD/MBA 7 MGA/MBA 4 Skoll BASc/MBA AVERAGE AGE 27 Range 22 – 36 23 LANGUAGES SPOKEN AVERAGE YEARS WORK EXPERIENCE 39 4.6 PASSPORTS Range 0 – 13 REPRESENTED AVERAGE GMAT Number of students 60% 1 – 10 11 – 50 50 – 100 BORN OUTSIDE 668 OF CANADA 500 – 580 10% 4% Law 580 – 730 80% 3% Humanities 730 – 780 10% 2% Physical Sciences 27% 9% Life Sciences AVERAGE Business/Commerce UNDERGRAD GPA 3.5 ACADEMIC 11% Social Sciences BACKGROUND 12% Economics 8CREATIVE DESTRUCTION LAB FELLOWS 32% Engineering/Applied Science 1% Telecommunications 2% Legal 2 2% Retail REACHING OUT MBA 20% 2% Professional Services (ROBMA) FELLOWS Financial Services 3% Government 3% 4% Media, Entertainment 24FORTÉ 4% Manufacturing FELLOWS 10% INDUSTRY Consulting BACKGROUND 4% Education 6% 5% Real Estate Technology 9% 7% Healthcare, Biotech, Pharma Other 7% Energy, Natural Resources 6% Consumer Goods 6 employment & salary report Full-Time MBA Internships Class of 2021 Profile Full-Time MBA Internship Salaries Internship Employment Rates Mean Total Monthly Salary (inclusive of $5,494 base, bonus, and other compensation) 96% of Full-Time MBA students seeking an internship Mean Monthly Salary $5,328 completed an internship. Median Monthly Salary $4,800 Salary data based on 72% of employed students who reported salary information. Full-Time MBA Internships And Monthly Salaries by Industry (CAD) Industry % of Total Employed Mean Median Range Financial Services 33.3% $5,942 $5,400 $3,750 – $16,543 Consulting 21.4% $7,857 $6,250 $3,200 – $15,600 Other 9.1% $4,177 $3,550 $586 – $10,000 Technology 8.3% $4,314 $4,400 $2,400 – $6,050 CPG & Retail 7.1% $4,163 $3,893 $2,000 – $8,486 Healthcare 6.0% $3,970 $4,000 $2,850 – $5,000 Entrepreneurship 5.2% $4,230 $3,600 $3,333 – $7,040 Government 4.8% $2,821 $2,560 $2,435 – $3,333 Real Estate 2.0% $3,828 $3,300 $3,200 – $5,600 Energy & Natural Resources 1.6% $4,500 $4,500 $3,000 – $6,000 Non-Profit 1.2% $2,569 $2,770 $2,036 – $2,900 Full-Time MBA Internships And Monthly Salaries by Function (CAD) Function % of Total Employed Mean Median Range Strategy 30.2% $6,487 $5,550 $2,500 – $15,600 Financial Roles 27.0% $5,994 $5,208 $586 – $16,543 Other 17.9% $4,311 $3,750 $2,400 – $10,000 Marketing 16.3% $3,997 $4,000 $2,000 – $7,040 General Management 4.4% $3,682 $4,050 $2,036 – $4,500 Business Design 3.2% $5,437 $5,850 $2,435 – $8,486 Operations 0.8% $4,783 $4,783 $4,166 – $5,400 Technology 0.4% $2,940 $2,940 $2,940 – $2,940 7 employment & salary report Class profile data is based on the incoming Full-Time MBA class of 2021 as of August 2019. Class of 2021 Profile INTERNATIONAL DOMESTIC TOTAL STUDENTS STUDENTS 42% 58% 295 STUDENTS 58% 42% 125 WOMEN 170 MEN 1 BscPhm/MBA 25 JD/MBA 7 MGA/MBA 4 Skoll BASc/MBA AVERAGE AGE 44 27 BIRTH Range 22 – 36 COUNTRIES AVERAGE YEARS WORK EXPERIENCE 60% BORN OUTSIDE 5.0 OF CANADA Range 0 – 13 AVERAGE GMAT Number of students – – – 669 1 10 11 50 50 100 1% 500 – 5602% Law 2% Math / Computer Sciences 560 – 740 90% 2% Physical Sciences 740 – 7608% 4% Social Sciences 32% 6% Other AVERAGE Business/Commerce UNDERGRAD GPA 6% Humanities 3.5 ACADEMIC 6% Life Sciences BACKGROUND 13% Economics 8CREATIVE DESTRUCTION LAB FELLOWS 28% Engineering/Applied Science 1% Legal 2% Media / Entertainment 2% Hospitality 2% Telecom 2REACHING OUT MBA 2% Government (ROBMA) FELLOWS 25% 3% Professional Services Financial Services 3% Retail 24 4% FORTÉ 4% FELLOWS Manufacturing INDUSTRY 4% Education BACKGROUND 11% 4% Healthcare / Biotech / Pharma Consulting 6% Consumer Goods 10% Technology 7% Energy / Natural Resources 10% Other 8 employment & salary report Master of Financial Risk Management (MFRM) Class of 2020 Profile MFRM Employment Salaries (CAD) Mean Total Salary (inclusive of base, bonus, $77,461 MFRM Employment Rates and other compensation) 75% of MFRM students seeking employment were Mean Base Salary $74,464 employed within six months of graduation. Median Base Salary $72,000 Salary Range $50,000 – $99,000 54% of MFRM students seeking employment were employed within three months of graduation. Salary data based on 39% of employed students who reported salary information. TOTAL 57% 43% MFRM Employment by Industry STUDENTS 60 WOMEN MEN Industry % of Total Employed Finance 63.9% AVERAGE AGE % WITH WORK EXPERIENCE Consulting 27.8% 24 38% Insurance 2.8% Fintech 2.8% Fashion 2.8% AVERAGE % WITH PROFESSIONAL UNDERGRAD GPA DESIGNATION 3.6 38% AVERAGE GMAT / GRE COUNTRIES REPRESENTED • Canada • Mexico 703 • China • Pakistan • Colombia • Saudi Arabia Not required for admission.