Carnegie Mellon University


October 31, 2019

2019 MBA Employment Report

Noelle Wiker

The Tepper School reports banner outcomes for the MBA class of 2019: the highest rate of employment offers since 2008, record-breaking starting salaries of $126,250, and a significant jump in graduates entering the consulting industry, according to the 2019 Full-Time MBA Employment Report [pdf]. The report summarizes employment outcomes for the graduating class of full-time MBA students, by industry, function, geography and median compensation.

Report Highlights Highest Employment Outcomes in More Than a Decade

The report indicates that 91 percent of the MBA Class of 2019 accepted a job offer within three months of graduation and 94 percent received job offers within 90 days of graduating—the highest outcomes in more than a decade. Entrepreneurship continues to be an area of interest, with six students starting a new business.

Following a trend from last year, this year’s graduates were evenly distributed among top industries, with 32 percent entering both the technology and consulting sectors.

“The Tepper School continues to have a reputation of excellence in the technology industry,” said Stephen Rakas, Executive Director of the Masters Career Center. “The increased proportion of our students entering consulting roles last year speaks to our students’ broad range of interests and their natural fit across industries." 

Starting Salaries Reached All-Time High

Alexandra Gerson (MBA 2019), Consultant at Bain & Company, is finding her Tepper School experience essential in her career. “Tepper gave me the fundamental business knowledge to be successful in consulting,” she said. “Whether it’s taking the pulse of a company through its financial statements or understanding an organization’s culture, I am well equipped to jump into any new project.” 

Other industries represented included financial services (10 percent), manufacturing (9 percent), health care and biotechnology (7 percent), and others including energy, government and nonprofit, and consumer products. Starting salaries for the graduating class also reached an all-time high, with a median accepted offer of $126,250, which does not include the median signing bonus of $25,000. “Supported by an ongoing strong MBA job market, these record-breaking outcomes just further enforce the momentum and strength of the Tepper School program,” said Rakas.

After a career as an environmental engineer, Beibei Jin (MBA 2019) used her MBA education to achieve a role as a technical product manager at PayPal. “Tepper School’s focus in analytics made me a highly analytical person in my job,” she said. “By using data to back up my decisions, I am able to gain buy-in from leadership and make better product decisions. What I learned during my MBA at Tepper helps me more easily build my understanding and collaborate with teams in different business functions.”

“These results demonstrate the strengths of our program in delivering exceptional analytical and leadership skills to our students, and their ability to apply those skills across industries and roles,” Dean Robert Dammon said.  “We’re very proud to celebrate the exceptional successes of our graduates this year.”

For a comprehensive breakdown of career and internship statistics, review the 2019 MBA Summary Employment Report [pdf].