Class of 2022 graduates of Georgetown University’s McDonough School of Business reported record-breaking employment outcomes, achieving the highest salary in the history of its Undergraduate Business Program.
Three months after graduation, 98% of graduates seeking jobs had found them while average starting salaries jumped 14% from the prior year at $96,916, according to the school’s employment report. Meanwhile, the average signing bonus rose to $9,652, up 2.5% from 2021.
McDonough’s undergraduates were already high achievers. The program already ranked first in alumni experience, second in career outcomes, and second overall in our 2021 ranking of Best Undergraduate Business Schools. Average starting salary for its 2021 graduates was the second highest reported in our ranking at $85,213 – a 9.23% increase over 2020 and just $132 behind the Wharton School.
“This year’s Undergraduate Employment Report is a result of the hard work and resilience of the Class of 2022, who remained committed to the career exploration process and never lost sight of their academic and career-related goals,” says Talia Schatz, assistant dean of the Undergraduate Career Development Center, in a release. “We are proud to highlight their success in this year’s report and we look forward to seeing what they accomplish in their current positions and beyond.”
WHERE MCDONOUGH GRADS WENT TO WORK
A majority of Class of 2022 grads went to work in financial services (57%) and consulting (18%). Another 4% each went to work in accounting, technology, and real estate.
Top employers were Amazon, Bain and Company, Bank of America, Blackstone, Bloomingdales, Citigroup, Credit Suisse, JPMorgan Chase, KPMG, McKinsey, Morgan Stanley, and PwC.
Further, 97% secured an internship prior to graduation – a key jump start for full-time employment for many job seekers. The McDonough Undergraduate Career Development Center offers services such as one-on-one career coaching, peer career advisors, and access to its vast alumni network through the Hoya Gateway. It also offers career treks that help undergrads network with alumni both internationally and domestically, site visits to companies throughout the Washington, D.C., area, and Host a Hoya career shadowing over winter break.
“Among the resources the Career Development Center offers, the one that helped me tremendously was Fridays in the Field,” says Benjamin Meunier (B’22), who is now an associate of management consulting at Boston Consulting Group. “Spring of my sophomore year, I went with the Career Development Center to Tableau’s Washington, D.C., office, and while I was just exploring an interest at the time, this helped me land an internship there the following summer. It was the perfect way to demonstrate my interest in a specific company and to help me learn what working there would be all about.”
A BUSINESS SCHOOL TO WATCH
Last winter, Poets&Quants selected Georgetown McDonough one of our 10 Business Schools to Watch for 2022, largely for its outstanding career outcomes, global focus, and its collaborative culture.
It is a short walk from the Walsh School of Foreign Service — the nation’s leading international affairs program — and it features one of the country’s deepest portfolios for international coursework, projects, treks, and exchanges. Notably, McDonough offers a three credit Global Business School, a mix of expert speakers and research that culminates with a client project where student teams head overseas during the spring to present their strategies to executives. More than two-thirds of its business majors experience at least one global immersion.
“Here at Georgetown McDonough, we are grounded in Jesuit values and place a special emphasis on our people. We have a greater mission to serve others, create meaningful relationships with our students, and tailor experiences to a student’s individual circumstances and aspirations. Our program is deeply committed to the success and well-being of our students – this extends into the advising students receive from staff, from the alumni they engage with through career programming and mentorship, and from interactions with the broader community at Georgetown. We are truly a people-first program and I believe this is one of our greatest strengths as an institution,” Patricia Grant, the senior associate dean for the undergraduate program, told us at the time.
“McDonough also understands that career outcomes are nuanced. Our students earn impressive career opportunities in terms of the salaries they receive and the companies they work for after graduation, but we also realize that success extends beyond traditional career outcomes,” Grant says. “Are students enjoying the culture of their workplace? Does this work align with their personal and professional goals? Do they feel valued? We address these questions through career exploration exercises and academic advising to make sure our students can identify a career path that feels just as successful as it looks on paper.”
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