M B AE M P L O Y M E N T

R E P O R T

TUCK SCHOOL OF BUSINESSAT DARTMOUTH

2018

2

MESSAGE FROM THE EXECUTIVE DIRECTOR

Every statistic tells a story. As I look at Tuck’s employment results from this most recent year, one narrative that emerges for me is the diversity of career paths our graduates embark upon. Whether these paths are industry-focused—a record 24 percent of 2018 Tuck MBAs secured roles in technology—or based on geography (23 percent of students landed on the West Coast), I am delighted to see where our students’ career journeys take them. I am equally delighted to see they achieved a record high median base salary of $130,000.

Just as every career journey is unique, so too is the way Tuck’s network of personalized career support comes together for each of our students. Whether it’s a late-night mock interview with a second-year student mentor, a horizon-expanding trek with one of our many career clubs, a coaching relationship a student has established with one of our senior alumni, or timely advice and connections from a Tuck career adviser, these and many other sources of sup-port, counsel, and connection are behind the success the statistics in this report illustrate.

What the numbers do not fully capture, however, are the ways in which the MBA recruiting land-scape has been evolving and Tuck’s proactive approach to evolve with it. With our deliberately well-resourced team of career advisers, Tuck gives students the opportunity to build personal con-nections with the advisers they choose, who bring a very diverse set of backgrounds and recruiting expertise. This relationship sits at the heart of an expansive career network—from alumni and student career mentors, to career clubs, to faculty—that students can tap into and that lasts well beyond the initial job search.

Meanwhile, Tuck’s career services team is continually working on a network of our own—building, maintaining, and reviewing our MBA recruiter relationships alongside evolving student aspirations so that we can best support opportunities that students seek. We greatly value our network of more than 1,000 MBA employers who regularly seek to hire Tuck students. Furthermore, we are actively pursuing new endeavors—from the latest in campus technology to faculty-led treks—to grow that network and provide our students with the opportunities, advice, and connections that help them succeed in the recruiting environment of today—and tomorrow.

We understand that for many students the decision to pursue an MBA is driven both by the desire to learn and the desire to transform their career. Everyone in our community supports this balance and contributes in their own way to an environment that maximizes students’ opportunities to learn about career options, gain the required skills, and then vigorously—and successfully—pursue them.

Sincerely,

Stephen Pidgeon T'07Executive Director, Career ServicesTuck School of Business at Dartmouth

3

TUCK CLASS OF 2018FULL-TIME EMPLOYMENTCLASS OF 2018 COMPENSATION SUMMARY*

TYPE1

ANNUAL BASE SALARYSIGNING BONUS

RECEIVING (%)100

87

MEAN ($)130,022

32,148

MEDIAN ($)130,000

25,000

MAX ($)215,000152,500

MIN ($)60,000

3,000

* The graduation date for the full-time MBA class of 2018 was June 10, 2018.1 Compensation information is self-reported. Salary data was obtained from 91% of those graduates who were seeking employment and accepted a job offer by 3 months after graduation.

CLASS OF 2018 EMPLOYMENT, BY INDUSTRY

CONSULTINGTECHNOLOGYFINANCIAL SERVICESHEALTH CARE, PHARMA, BIOTECHCONSUMER GOODS, RETAILMANUFACTURINGTRANSPORTATIONMEDIA, ENTERTAINMENT, SPORTSENERGYGOVERNMENT, NONPROFIT, EDUCATIONHOSPITALITY REAL ESTATE

AMAZONBAIN & COMPANYBANK OF AMERICA MERRILL LYNCHTHE BOSTON CONSULTING GROUPCREDIT SUISSECVS HEALTHDANAHERDELOITTEDIDI CHUXINGECOLABEY-PARTHENONJ.P. MORGANL.E.K. CONSULTINGMCKINSEY & COMPANYMICROSOFTVANGUARDWAYFAIR

TOP HIRING COMPANIES FOR FULL-TIME

POSITIONS

CLASS OF 2018 OFFERS AND ACCEPTANCES BY 3 MONTHS AFTER GRADUATION*

GRADUATESU.S. PERMANENT WORK AUTHORIZATIONNON-PERMANENT WORK AUTHORIZATION (U.S.)TOTAL GRADUATES SEEKING JOBS

SEEKING JOBS165

82247

%979496

#160

77237

%939092

#153

74227

OFFERS ACCEPTANCES

*The graduation date for the full-time MBA class of 2018 was June 10, 2018.

30%24%20%

8%6%5%3%2%1%1%1%1%

CONSULTINGFINANCEMARKETINGGENERAL MANAGEMENTOPERATIONS, LOGISTICSHUMAN RESOURCESINFORMATION TECHNOLOGY

34%22%19%18%

6%1%1%

CLASS OF 2018 EMPLOYMENT, BY JOB FUNCTION

*Values that are greater than 0 but less than 1 are rounded to 1 to show presence. Numbers may not add to 100 due to rounding.

*Values that are greater than 0 but less than 1 are rounded to 1 to show presence. Numbers may not add to 100 due to rounding.

4

BASE SALARIES, BY LOCATION

LOCATIONUNITED STATESNORTHEAST (CT, ME, MA, NH, NJ, NY, RI, VT) BOSTON NEW YORK OTHERWEST (AK, CA, HI, ID, MT, NV, OR, UT, WA, WY) SEATTLE SAN FRANCISCO BAY AREA OTHERMIDWEST (IL, IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, WI) CHICAGO MINNEAPOLIS-ST. PAUL OTHERMID-ATLANTIC (DC, DE, MD, PA, VA, WV)SOUTHWEST (AZ, CO, NM, OK, TX)SOUTH (AL, AR, FL, GA, KY, LA, MI, NC, SC, TN)OUTSIDE U.S.ASIACENTRAL AMERICA, CARIBBEANAFRICACANADAEUROPESOUTH AMERICAALL LOCATIONS

PERCENT (%)91462616

42312

92

11

6414439421111

100

MEDIAN130,000130,000140,000125,000130,000130,000130,000132,500125,000127,500

147,000110,000

*125,000125,000138,750112,500115,000

**

92,535**

130,000

MEAN132,111132,227133,411131,931124,286131,677127,833137,722130,000130,182

140,654115,214

*132,889128,444145,083101,217102,995

**

102,817**

130,022

MAX215,000170,000170,000170,000130,000170,000147,000170,000145,000170,000

170,000152,500

*152,500152,500215,000134,948126,984

**

134,948**

215,000

MIN85,00085,00085,000

108,000100,000100,000100,000105,000120,000

95,000

95,000100,000

*108,000100,000103,500

60,00066,235

**

80,969**

60,000

BASE SALARY ($)

BASE SALARIES, BY INDUSTRY

INDUSTRYCONSULTINGTECHNOLOGYFINANCIAL SERVICES INVESTMENT BANKING INVESTMENT MANAGEMENT PRIVATE EQUITY, VENTURE CAPITAL OTHERHEALTH CARE, PHARMA, BIOTECHCONSUMER GOODS, RETAILMANUFACTURINGTRANSPORTATIONMEDIA, ENTERTAINMENT, SPORTSENERGYGOVERNMENT, NONPROFIT, EDUCATIONHOSPITALITYREAL ESTATEALL INDUSTRIES

PERCENT (%)30242011

424865321111

100

MEDIAN147,000130,000125,000125,000123,768155,000125,000120,000108,000118,000

99,000125,000

****

130,000

MEAN142,665127,589127,818128,913116,084161,250115,176121,118112,083117,500

99,300130,000

****

130,022

MAX170,000159,000215,000150,000125,000215,000130,000130,000150,000130,000126,984150,000

****

215,000

MIN60,00085,00066,235

120,00080,969

120,00066,23595,00087,000

100,00072,215

115,000****

60,000

BASE SALARY ($)

* Values are excluded where the sample size is too small. Values that are greater than 0 but less than 1 are rounded to 1 to show presence. Numbers may not add to 100 due to rounding. City names listed include the surrounding met- ropolitan area. All data as of November 2018.

FUNCTIONCONSULTINGFINANCE INVESTMENT BANKING CORPORATE FINANCE INVESTMENT MANAGEMENT PRIVATE EQUITY, VENTURE CAPITAL REAL ESTATEMARKETING GENERAL MANAGEMENTOPERATIONS, LOGISTICSHUMAN RESOURCESINFORMATION TECHNOLOGYALL FUNCTIONS

PERCENT (%)342211

4431

1918

611

100

MEDIAN147,000125,000125,000120,000120,000145,000

*118,500127,000120,000

**

130,000

MEAN140,770128,194128,958121,000113,794149,000

*117,514127,119119,628

**

130,022

MAX170,000215,000150,000130,000125,000215,000

*145,000156,000159,000

**

215,000

MIN60,00080,969

120,000110,000

80,969100,000

*85,00072,21592,535

**

60,000

BASE SALARY ($)

BASE SALARIES, BY FUNCTION

5

CLASS OF 2018 FULL-TIME EMPLOYMENT, BY LOCATION

WEST23%

NORTHEAST46%

SOUTHWEST4%

MIDWEST11%

ASIA 4%CENTRAL AMERICA, CARIBBEAN 2%

AFRICA 1% CANADA 1%EUROPE 1%

SOUTH AMERICA 1%

SOUTH3%

MID-ATLANTIC4%

TUCK CLASS OF 2018FULL-TIME EMPLOYMENT CONTINUED

SIGNING BONUSES, BY INDUSTRY

INDUSTRYCONSULTINGCONSUMER GOODS, RETAILMANUFACTURINGTECHNOLOGYPHARMACEUTICALS, HEALTH CARE, BIOTECHFINANCIAL SERVICES INVESTMENT BANKING INVESTMENT MANAGEMENT OTHERMEDIA, ENTERTAINMENT, SPORTSTRANSPORTATIONTOTAL

RECEIVING (%)9692909088809650

100672587

MEDIAN ($)25,00025,00025,00035,00020,00046,25050,00025,00020,000

**

25,000

MEAN ($)28,90118,45524,11139,01122,66741,70050,34132,50018,488

**

32,148

MAX ($)152,500

30,00040,000

105,00060,00065,00065,00047,50030,000

**

152,500

MIN ($)5,0003,000

15,0003,0005,0004,414

40,00025,000

4,414**

3,000

FUNCTIONHUMAN RESOURCESINFORMATION TECHNOLOGYMARKETINGCONSULTINGOPERATIONS, LOGISTICSGENERAL MANAGEMENT FINANCE INVESTMENT BANKING CORPORATE FINANCE INVESTMENT MANAGEMENTTOTAL

RECEIVING (%)100100

949382807696716087

MEDIAN($)**

25,00025,00030,00025,00050,00050,00030,00020,00025,000

MEAN ($)**

25,58827,34432,55636,48444,83948,58739,00025,83332,148

MAX ($)**

90,000152,500

70,000105,000

70,00065,00070,00047,500

152,500

MIN ($)**

3,0004,414

10,0007,500

10,00010,00020,00010,000

3,000

SIGNING BONUSES, BY FUNCTION

6

TUCK CLASS OF 2019SUMMER INTERNSHIPS

BASE MONTHLY SALARY ($)

LOCATIONUNITED STATESNORTHEAST (CT, ME, MA, NH, NJ, NY, RI, VT) NEW YORK BOSTON OTHERWEST (AK, CA, HI, ID, MT, NV, OR, UT, WA, WY) SAN FRANCISCO BAY AREA SEATTLE OTHERMIDWEST (IL, IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, WI) CHICAGO MINNEAPOLIS-ST. PAUL OTHERSOUTHWEST (AZ, CO, NM, OK, TX)MID-ATLANTIC (DC, DE, MD, PA, VA, WV)SOUTH (AL, AR, FL, GA, KY, LA, MI, NC, SC, TN)OUTSIDE U.S.ASIASOUTH AMERICAAFRICACANADACENTRAL AMERICA, CARIBBEANEUROPEMIDDLE EASTALL LOCATIONS

PERCENT (%)93522522

52113

54641165372211111

100

MEDIAN8,5009,0509,6678,6676,7507,2006,9808,5005,5008,500

12,0007,5008,3339,208

10,4088,0006,9339,1045,005

*****

8,500

MEAN8,4268,6208,8558,7697,4987,2617,1168,7036,0389,372

10,1427,8338,4089,0768,8698,6986,9288,2875,066

*****

8,392

MAX13,00013,00012,56713,00012,50013,00013,00012,25010,00012,50012,500

8,5009,317

13,00013,00012,50010,83310,833

5,860*****

13,000

MIN800

1,0831,5001,5004,333

800800

4,3333,2505,4175,4177,5007,6502,0003,8136,0673,3014,0004,333

*****

800

BASE MONTHLY SALARY ($)

BASE MONTHLY SALARIES, BY LOCATION

BASE MONTHLY SALARIES, BY INDUSTRY

INDUSTRYFINANCIAL SERVICES INVESTMENT BANKING PRIVATE EQUITY, VENTURE CAPITAL INVESTMENT MANAGEMENT OTHERCONSULTINGTECHNOLOGYHEALTH CARE, PHARMA, BIOTECHCONSUMER GOODS, RETAILMANUFACTURINGGOVERNMENT, NONPROFIT, EDUCATIONMEDIA, ENTERTAINMENT, SPORTSTRANSPORTATIONENERGYHOSPITALITYREAL ESTATEALL INDUSTRIES

PERCENT (%)2510

545

231810

86322111

100

MEAN8,938

10,3356,7189,6827,558

11,3067,0398,0376,9666,5144,7267,1864,854

**

6,6978,392

BASE MONTHLY SALARIES, BY FUNCTION

FUNCTIONCONSULTINGMARKETING FINANCE INVESTMENT BANKING CORPORATE FINANCE INVESTMENT MANAGEMENT PRIVATE EQUITY, VENTURE CAPITAL REAL ESTATEGENERAL MANAGEMENTOPERATIONS, LOGISTICSINFORMATION TECHNOLOGYOTHERALL FUNCTIONS

PERCENT (%)322421

94441

13712

100

MEDIAN11,657

7,25010,40010,417

8,00010,417

5,0817,2008,2606,500

*5,8508,500

MEAN10,442

7,0358,798

10,4377,6729,0906,5076,1567,6096,047

*5,5228,392

MAX13,00013,00012,80012,567

9,16712,50012,800

7,80010,417

8,667*

8,40013,000

MIN3,000

8003,4675,0005,2004,0004,3333,4671,6671,500

*2,000

800

BASE MONTHLY SALARY ($)

MAX12,80012,56712,80012,50011,26713,00013,00011,53810,00010,000

6,5009,5835,217

**

8,32013,000

MEDIAN10,40010,417

5,41710,417

8,40012,133

7,8008,5007,2506,8004,9047,4625,200

**

7,5008,500

MIN3,2505,0004,3334,0003,2501,500

8004,0001,5001,6673,3015,2003,800

**

3,467800

* Values are excluded where the sample size is too small. Values that are greater than 0 but less than 1 are rounded to 1 to show presence. Numbers may not add to 100 due to rounding. City names listed include the surrounding met- ropolitan area. All data as of November 2018.

ADOBEAMAZONANALYSIS GROUPBAIN & COMPANYBANK OF AMERICA MERRILL LYNCHTHE BOSTON CONSULTING GROUPCHEWY.COM CITICOLGATE-PALMOLIVECVS HEALTH DANAHERDELOITTEEY-PARTHENONGOOGLEGRAHAM PARTNERSJETBLUE J.P. MORGAN L.E.K. CONSULTING LIBERTY MUTUALMCKINSEY & COMPANY TESLA WAYFAIR

TOP HIRING COMPANIES FOR INTERNSHIPS

7

TUCK CLASS OF 2018INTERNATIONAL STUDENTS

BASE SALARY ($)

LOCATIONUNITED STATESNORTHEAST (CT, ME, MA, NH, NJ, NY, RI, VT) NEW YORK BOSTON OTHERWEST (AK, CA, HI, ID, MT, NV, OR, UT, WA, WY) SEATTLE SAN FRANCISCO BAY AREAMIDWEST (IL, IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, WI) CHICAGO MINNEAPOLIS-ST. PAULSOUTH (AL, AR, FL, GA, KY, LA, MI, NC, SC, TN)SOUTHWEST (AZ, CO, NM, OK, TX)OUTSIDE UNITED STATESASIACENTRAL AMERICA, CARIBBEANCANADASOUTH AMERICAEUROPEALL LOCATIONS

PERCENT (%)76361812

723121111

7433

2412

5331

100

MEDIAN130,000130,000125,000142,000

*130,000130,000135,000140,000

150,000110,000

**

101,268115,000

****

130,000

MEAN132,602130,022132,346125,714

*134,500130,778139,286131,250

135,500124,167

**

97,007102,995

****

125,600

MAX159,000152,500152,500147,000

*159,000147,000159,000152,500

152,500152,500

**

126,984126,984

****

159,000

MIN85,00085,000

115,00085,000

*120,000120,000125,000

95,000

95,000110,000

**

60,00066,235

****

60,000

BASE SALARY ($)

BASE SALARIES, BY LOCATION [INTERNATIONAL STUDENTS ONLY]

BASE SALARIES, BY INDUSTRY [INTERNATIONAL STUDENTS ONLY]

PERCENT (%)2414

514

2423

87715

100

MEAN119,980130,000

***

131,973132,301121,000117,500

98,066**

125,600

BASE SALARIES, BY FUNCTION [INTERNATIONAL STUDENTS ONLY]

FUNCTIONCONSULTINGFINANCE INVESTMENT BANKING CORPORATE FINANCE INVESTMENT MANAGEMENT PRIVATE EQUITY, VENTURE CAPITALGENERAL MANAGEMENTMARKETINGOPERATIONS, LOGISTICSALL FUNCTIONS

PERCENT (%)363014

871

1414

7100

MEDIAN144,500125,000125,000127,500

**

126,268120,000130,000130,000

MEAN130,555125,069130,000125,000

**

123,075117,500121,307125,600

MAX152,500150,000150,000130,000

**

156,000145,000159,000159,000

MIN60,00080,969

120,000115,000

**

72,21585,00092,53560,000

BASE SALARY ($)

MAX150,000150,000

***

159,000152,500130,000130,000126,984

**

159,000

MEDIAN125,000125,000

***

130,000147,000130,000115,000

95,000**

130,000

MIN66,235

120,000***

85,00060,00095,000

110,00072,215

**

60,000

INDUSTRYFINANCIAL SERVICES INVESTMENT BANKING INVESTMENT MANAGEMENT PRIVATE EQUITY, VENTURE CAPITAL OTHERTECHNOLOGYCONSULTINGHEALTH CARE, PHARMA, BIOTECHMANUFACTURINGTRANSPORTATIONCONSUMER GOODS, RETAILOTHERALL INDUSTRIES

CONSULTINGFINANCIAL SERVICES INVESTMENT MANAGEMENT INVESTMENT BANKING PRIVATE EQUITY, VENTURE CAPITAL OTHERTRANSPORTATIONMANUFACTURINGTECHNOLOGYOTHER

33%33%11%

6%6%

11%22%

9%6%6%

INTERNATIONAL T’18s WORKING FULL- TIME OUTSIDE THE U.S., BY INDUSTRY

UNITED STATESCHINAASIA (EXCLUDING CHINA)

CENTRAL AMERICA, CARIBBEANSOUTH AMERICACANADAEUROPE

76%7%5%5%3%3%1%

INTERNATIONAL T’18s, BY REGION

TECHNOLOGYFINANCIAL SERVICES INVESTMENT BANKING INVESTMENT MANAGEMENT OTHERCONSULTINGHEALTH CARE, PHARMA, BIOTECHMANUFACTURINGCONSUMER GOODS, RETAILTRANSPORTATIONOTHER

30%21%16%

4%2%

20%11%

9%2%2%4%

INTERNATIONAL T’18s WORKING FULL- TIME IN THE U.S., BY INDUSTRY

* Values are excluded where the sample size is too small. Values that are greater than 0 but less than 1 are rounded to 1 to show presence. Numbers may not add to 100 due to rounding. City names listed include the surrounding met- ropolitan area. All data as of November 2018.

TUCK CAREER SERVICES ADVISERSWWW.TUCK.DARTMOUTH.EDU/MBA/CAREER-SERVICES/MEET-OUR-TEAM

STEPHEN PIDGEON T'07 EXECUTIVE DIRECTOR

EXPERIENCEMcKinsey & Company, television andmovie production

EDUCATIONUniversity of Westminster, Tuck MBA

FOCUSConsulting, Media & Entertainment

MARC AQUILA T’07

EXPERIENCEDartmouth College, RSG, John Deere, Columbia Business School

EDUCATIONColumbia University, Tuck MBA

FOCUSGeneral Management, Health Care

CAROLINE CANNON T’98

EXPERIENCEConsultant in start-ups and turn-around, entrepreneur (co-founder of InspiringKids, Inc., Clarisond, Inc., and more), Renaissance Consulting (now Balanced Scorecard Collaborative)

EDUCATIONUNC Chapel Hill, Tuck MBA

FOCUSSocial Impact, Entrepreneurship, Marketing

SARAH DIGIACOMO

EXPERIENCEDartmouth College, St. Lawrence University

EDUCATIONSUNY Potsdam, St. Lawrence University (MEd)

FOCUSTargeted job search, Energy

MATHIAS MACHADO T’09

EXPERIENCEVolkswagen Group, Siemens, Booz & Co. (now Strategy&), and TomTom

EDUCATIONInstituto Tecnológico de Buenos Aires, Tuck MBA

FOCUSTechnology, international students

DEIRDRE O’DONNELL

EXPERIENCELehman Brothers; fixed income,global diversity recruiting

EDUCATIONSt. Lawrence University

FOCUSFinance (all aspects, includingreal estate)

JEN TIETZ T'15

EXPERIENCEMcKinsey & Company, U.S. Navy

EDUCATIONU.S. Naval Academy, Old Dominion University, Tuck MBA

FOCUSConsulting

Career ServicesTuck School of Business at Dartmouth100 Tuck HallHanover, NH 03755-9000Tel: 603-646-2461

tuck.career.services@tuck.dartmouth.eduwww.tuck.dartmouth.eduwww.tuck.dartmouth.edu/careers

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