Poets & Quants Touts Ross MBAs’ Career Stats -- at Amazon and Beyond
There was a lot of good news in this year’s employment stats for new Michigan Ross MBA grads, including 97.4 percent getting job offers and a new record high in compensation.
The headline, though, was the growing relationship between Ross and Amazon -- what the B-school website Poets & Quants calls “Amazon’s Amazing MBA Hiring Binge at Ross.”
Ross remained Amazon’s favorite source of MBA hires this year, with the company welcoming 31 new Ross Full-Time MBA grads, in addition to 32 MBA interns and 14 grads from other Ross programs. The company has steadily increased its hiring at Ross over the last several years.
Amazon Vice President for Marketplace Peter Faricy -- a Ross grad himself (MBA ’95) -- spoke as part of University of Michigan homecoming festivities this year. “For the seventh straight year, the No. 1 school we’ve recruited from is the Ross School of Business,” Faricy told the audience. In an earlier profile in the Ross alumni magazine Dividend, he noted, “We really find that Ross graduates are some of the best holistic business leaders.”
The top companies hiring Ross MBA grads included Amazon, McKinsey & Co., Deloitte, the Boston Consulting Group, PwC, Bain & Co., JPMorgan Chase, Strategy&, Microsoft, PepsiCo, Citi, Google, and Accenture.
Some other highlights from Ross MBA hiring numbers, some of which are noted in the Poets & Quants report:
- 92.4 percent of the class had job offers at graduation, and 97.4 percent had offers three months later.
- Median starting salary for new Ross MBAs was $117,500, a 2.4 percent increase over 2014. Including signing bonuses and other compensation, the median total pay package was $149,960 -- the highest ever.
- A separate report from Poets & Quants puts Ross' total compensation second only to Harvard (see chart below).
- Almost a quarter of the new Ross MBAs took jobs on the West Coast. Over half the class took jobs in four cities: San Francisco, Seattle, Chicago, and New York.
- The percentage of Ross grads going into a tech field --including computers/electronic products and technology/telecom--was nearly 20 percent, a new high.
- Consulting remained the top industry for new Ross MBAs (31 percent of the class), with those grads receiving an average total compensation package of $193,000.