Stanford GSB Employment Report Reveals Record Salaries & Employers
For the fourth year in a row, Stanford GSB MBA graduates earned record high salaries with the mean base salary reaching $145,559. According to the 2018 Employment Report, this broke last year’s record compensation. On top of that, this year Stanford GSB grads also received jobs from a record 421 organizations for both summer internships and full-time positions. This demonstrated the broad appeal and diversity of Stanford MBAs.
Tech and Private Equity Interest Jump
Other highlights from this year’s employment report included an increase in interest in the technology industry. In fact, in 2018 it was the most popular industry, garnering 33 percent of alumni—an 8 percent jump from last year. Other top industries included finance, which garnered 31 percent of graduates with private equity being the most sought after area with 13 percent of graduates.
Since three years ago, the percentage of women going into private equity and venture capital has doubled. As for tech, this year a record 40 percent of women chose to work in the tech industry. This shift has many explanations, not the least of which is the coursework taught at Stanford. For Ashley Brasier (MBA ’18), all it took was the class “Entrepreneurship & Venture Capital from the Perspective of Women” to change her course from consumer tech to VC.
“This class showed me that there are several different paths into VC, and empowered me to pursue VC opportunities,” Brasier says.
This year, the number of non-U.S. work-authorized students who accepted jobs in the U.S. stayed flat at 74 percent. More likely than not, this is a result of global trends that are causing extra challenges for students seeking to move locations. This was also reflected in the $12,000 median salary gap between U.S. work-authorized and non-U.S. work-authorized graduates. However, “when controlled for industry and job location, for example in emerging markets, the salary gap diminishes and in some cases disappears,” says Yossi Feinberg, the Senior Associate Dean for Academic Affairs.
Higher Salaries and Steady Job Offers
This year, MBA graduates received the highest salaries ever. The median and average base compensation ranged from $142,000 to $145,559 respectively—$2,000 and $1,000 over last year’s record. Signing bonuses also increased this year by $1,600 to a record $31,146, with an unchanged median at $25,000.
Salaries also increased when it came to cash performance bonuses. This year, 72 percent of the class said they expected a bonus over last year’s 66 percent with average expected bonuses of $64,527. As for stock compensation, 39 percent of the class—nearly two out of every five students—reported stock compensation of some kind.
“This year, 72 percent of the class said they expected a bonus over last year’s 66 percent with average expected bonuses of $64,527.”
And when it came to job offers, numbers remained unchanged. For the Class of 2018, 88 percent of the class accepted offers 90 days after graduates with 95 percent receiving offers. As for where students received these offers, a record 421 organizations hired Stanford graduates this year.
“Our leading employers span a wide variety of industries—consulting, finance, technology, consumer products, healthcare, and nonprofits—but what they have in common are work environments that offer the ability to make an impact, optimize on career development, and provide diverse challenges and responsibilities,” says Carly Janson, the Action Assistant Dean and Director of the Career Management Center.
“In turn, our graduates chose opportunities they felt passionate about, and opportunities to make the world a better place.”
This article has been edited and republished with permissions from its original source, Clear Admit.
The Stanford MBA Job Journey, and More – San Francisco News
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Exploration Helped Her Find the Right Hands-On Job — Stanford GSB School News
Celina Johnson, Stanford GSB MBA ‘08, is currently the COO of Man Crates, a San Mateo-based company that sells gifts for men. But these aren’t just any typical gifts—they are special presents enclosed in wooden crates that recipients have to open with a crowbar. Meanwhile, gift cards come in concrete bricks that must be smashed; certainly not your average Pollyanna affair.
In a recent interview with her alma mater, she discusses not only her current role at Man Crates, but also also how her experience at Stanford helped get her there.
“In my first meeting with the Stanford GSB Career Management Center, they asked me what my goal was, and I said I wanted to work ‘at a company.’ I knew that I wanted to move out of investing. I loved the strategic part of it, but I felt that something was missing. I wanted to roll up my sleeves and execute,” Johnson says.
Johnson graduated right before the peak of the Great Recession, which, thankfully for her sake, didn’t seem to hamper her career outcome. Her first role after earning her degree was with Sears-owned Orchard Supply Hardware, which had a headquarters in nearby San Jose. She left after five years, saying “If investing was a lot of strategy and not enough execution, Orchard was a lot of execution and not enough strategy.”
Stanford ’08 MBA alum Celina Johnson, COO of Man Crates / Photo via Emily Billings
Rather than working from the ground up, Johnson felt her particularly skills were best utilized in a “company that already had product-market fit where my skills could be applied to improving the business.” Months after her Orchard Supply Hardware departure, she connected Stanford ’09 MBA alum Jonathan Beekman, who had already begun growing his Man Crates team.
You can read more about Johnson’s journey here.
Delphine Sherman Named as Haas Chief Financial Officer — Haas School News
Delphine Sherman, who graduated from the UC Berkeley Haas School of Business with an MBA in 2006, has been named as the school’s new chief financial officer. An expert in the areas of education and financial management, Sherman told her alma mater that she is excited to take on the challenges of her new job.
“It’s a very exciting time to see how far the school has come during this really challenging financial time at the university,” she said. “I’d love to capitalize on that and bring in some strategy around what we want our long-range plan to look like—diving into the long-term and where we go from here.”
Learn more about Sherman and her credentials here.
SCU’s McChesney to Lead Jesuit MBA Network — Leavey School News
Toby McChesney was recently named the chair of the Jesuit MBA Network (JEBNET) — a worldwide network made up of 27 AACSB-accredited Catholic, Jesuit institutions and three Catholic institutions, works towards helping people earn their MBA. McChesney led the graduate programs at the Santa Clara University Leavey School of Business over the past 18 months as the school’s senior assistant dean for graduate business programs. As chair, McChesney will lead these meetings and become the face of JEBNET.
“I am honored to be selected as the chair of JEBNET where I can use my expertise to ensure that the group continues to thrive in graduate management education,” said McChesney, who will serve a three year term. “I look forward to working closely with other Jesuit business school leaders in ways that will benefit the entire network over the next three years.”
Learn more about McChesney and JEBNET here.
