(December 1, 2022) – Austin, Texas – After navigating the past couple of years of disruption and uncertainty from the pandemic, the Texas McCombs Full-Time MBA Class of 2022 achieved strong outcomes, securing an average base salary of $144,564, the highest in school history.
Brittany Tyree, managing director of career education and coaching, attributes these successes to the robust job market and students’ preparedness and engagement with McCombs Career Management and Corporate Relations (CMCR) resources.
The Texas McCombs career management team’s approach to helping students prepare for their job search includes a strategic career planning course, coaching appointments with school career consultants and industry experts, and career workshops, among other events and experiential learning opportunities.
The strategic career planning course, delivered in year one of the MBA experience, aids students in building a strong career foundation. The course progresses students through the Career Management Framework, helping MBAs evaluate their priorities, assess the job market, develop a personalized plan, and ultimately launch into their overarching career strategy.
Of the 241 students who matriculated in the Texas McCombs Class of 2022, 95 percent received a full-time offer within 3 months post-graduation and 93 percent reported accepting the employment offer, the latter consistent with the previous graduating class.
As previously mentioned, the recent graduating class saw an impressive increase in average base salary to $144,564, up 11 percent from 2021. The class also experienced a 10 percent jump in signing bonuses, averaging $31,178.
Consulting, financial services, and technology industries continue to attract Texas McCombs graduates, in fact, interest and job acceptances in these professional industries grew 10 percent since 2019. Although technology was the top hiring industry (32 percent) among the graduating class, consulting achieved the highest increase in job acceptances (30 percent), a 7 percent increase from the previous year. The financial services (18 percent) and real estate (5 percent) industries followed.
Similar to the previous year, Texas McCombs MBAs continue to remain interested in the consulting function, especially as the market demand for professional services increased. Given the CMCR team’s emphasis on educating students about various career path options, students were also well positioned to secure impactful roles throughout technology. More specifically, 32 percent accepted employment in technology, securing roles in marketing, sales, operations, finance, and general management. Worth noting, 74 percent of the Class of 2022’s offers were obtained through school-facilitated career resources.
Overall, there are several players to recognize, who helped prepare our graduating class with the right tools and experiences, allowing them to quickly distinguish themselves. Our connected 100,000 Texas McCombs alumni across the globe whose mentoring and contributions shape their communities. Our recruiters and corporate partners who consistently return to campus to recruit our talent prepared for a lifetime of impact. Lastly, our word-class faculty and talented career consultants for providing a strong support system and customized career development to the Class of 2022.
Click here for an overview of the Texas McCombs Class of 2022 Salary Statistics.
Visit Texas McCombs MBA to learn more about our programs and upcoming events, or take a peek into student life on Instagram. Please reach out to the MBA Admissions Team with any questions.
Hook ‘em!
After your McCombs MBA investment has paid for itself, you’ll have a lifetime to reap the rewards. If you are in your 20s or 30s, with an expected retirement age of 65, then you could have 30 or 40 more years ahead of you in your career. Wouldn’t it be nice to make the most of your incoming-earning years? The earlier you start, the more time you have to benefit from your increased post-MBA salary.
