Students in the Texas McCombs Full-Time MBA Class of 2023 accomplished remarkable success in their post-graduation employment outcomes. Among the 271 students who matriculated in the Full-Time MBA Class of 2023, an impressive 90% received job offers within three months after graduation and 89% accepted these positions, contributing to the attainment of the highest average base salary in school history – $157,735, making a significant 9% increase from the preceding year.
Click here for a detailed overview of the Texas McCombs Class of 2023 Salary Statistics.
This year’s key insights highlight the unique and exceptional achievements of our McCombs MBAs. They secured positions across a spectrum of 12 different industries, showcasing the comprehensive interests and adaptability of our students. The consulting function, in particular, saw a significant uptick, with 44% of our graduates entering full-time careers in this field.
Moreover, 74% of acceptances were in consulting, financial services, and technology combined. Recognizing the exceptional talent in our McCombs 2023 graduates, 4 out of 5 Fortune 5 companies hired graduates for key positions within their organizations.
Facilitating this success, the Texas McCombs Career Management and Corporate Relations (CMCR) team plays a pivotal role in preparing students for their job search. The team provides a strategic planning course, coaching appointments with school career consultants and industry experts, and career workshops, among other events and experiential learning opportunities. 80% of graduate offers were obtained through school-facilitated resources, underscoring the strength of McCombs’ career management initiatives.
Specifically, the Strategic Career Planning course equips students with skills needed to compete in various industries, combining theoretical frameworks with practical market insights gained from employer recruiting support. Delivered in year one of the MBA experience, this course aids students in building a strong career foundation. It progresses students through their Career Management Framework, helping MBAs evaluate their priorities, assess the job market, develop a personalized plan, and ultimately launch their overarching career strategy.
Reflecting the exceptional accomplishments of the Class of 2023, we proudly announce a historic milestone – the highest average salary in school history, reaching $157,735. Additionally, the average signing bonus stands at $32,915, marking a 6% uptick from 2022.
Examining job acceptances by industry reveals the wide-ranging success of our graduates. A substantial 43% of acceptances were in consulting, 16% in financial services, and 15% in technology. Noteworthy growth was observed in consumer-packaged goods (6%), energy (5%), retail (4%), and manufacturing (4%).
We are so thankful to the entire Texas McCombs community of faculty, staff, employers, and alumni who have played a valuable role in helping our MBAs achieve impressive outcomes. The Texas McCombs Full-Time MBA Class of 2023’s journey has been marked by outstanding achievements, industry diversification, and a continued commitment to excellence. As we reflect on these accomplishments, we look forward to witnessing the continued impact our graduates will make in various sectors.
Visit Texas McCombs MBA to learn more about our programs and upcoming events or take a peek into student life on Instagram. For any inquiries, don’t hesitate to reach out to the MBA Admissions Team. We look forward to connecting with you on your journey to success.
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.
