The University of Washington’s Foster School of Business confirmed that 98% of MBA alumni secured jobs within three months of graduation and 99% received offers. Pay also increased substantially: the average salary and bonus for MBA graduates rose to $133,299 from $118,405 last year. The majority of 2016 graduates accepted positions in technology, consulting, healthcare, and financial services, with 75% receiving a signing bonus averaging more than $28,000.
“Foster currently ranks first in job placement among the top 20 MBA programs in Businessweek,” notes Naomi Sanchez, assistant dean for MBA Career Management. “That’s the result of our strong relationships with recruiters and high internship participation, which allows Foster MBA students to demonstrate their value.” Recruiters recently ranked Foster #12 in the nation for employer satisfaction according to Businessweek’s Best Business Schools. In the employer survey, companies that recruit MBA graduates from multiple schools receive higher weight, emphasizing the effectiveness of MBA graduates compared to their peers from other schools.
Employers hiring the greatest number of Foster MBAs included Amazon, Microsoft, Accenture, Deloitte Consulting, Liberty Mutual, Philips, T-Mobile, Hitachi Consulting, Nordstrom, ECG Management Consultants, and Intel.
“Most rankings focus on high salaries and placement into traditional business sectors, where Foster MBAs have been successful” says Dan Poston, assistant dean for Master’s Programs. “Connecting students to outstanding opportunities at Foster also includes more diverse career goals.”
“Foster students pursue an MBA degree for many different reasons,” Poston explains. “Some seek a deeply immersive learning experience in a chosen field and some want to explore entirely new career options. Some students seek business tools to solve huge global challenges and others prioritize new industry and alumni connections. Some students want to launch a new business and some hope to transition from a small business to a role in a global enterprise.” While students may enter the program with a range of individual goals, Poston says, “Nearly all our students share one common objective: to come out of the MBA program with a more meaningful, more rewarding career. Foster succeeds by never losing sight of that common endgame.”
In addition to high salaries and rewarding careers, Foster MBAs saw strong ROI with the lowest average debt levels among Businessweek’s top 20 ranked schools. While average debt can exceed $120,000 at several MBA programs, Foster graduates carried an average debt of only $45,000.
Foster MBA Employment Statistics 2016
MBA Hiring Companies
- Alaska Air
- Alvarez & Marsal
- F5 Networks
- Gates Foundation
- Goldman Sachs
- Pricewaterhouse Coopers
See more MBA employment statistics
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