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The McCombs School of Business is a top-ranked business school in the United States. The school offers a full-time MBA program that attracts students from all over the world. McCombs MBA graduates are well-known for their analytical abilities and business acumen. This blog post will discuss McCombs MBA Salary based on sectors, location, and roles.
Average McCombs MBA Salary
The average McCombs MBA salary for class 2023 was USD 157,735.
The McCombs MBA program employment report conveys that the average base McCombs MBA Salary for its graduates was USD 157,735. This figure includes all industries, functions, and locations. Additionally, the average signing bonus for McCombs MBA graduates was USD 32,915, which rose 6% from 2022.
Discovering McCombs MBA Salary: Industry Trends
The McCombs MBA program prepares students for a wide range of career paths. The McCombs MBA Employment Report provides salary data for various industries and functions.
According to the official employment report of the McCombs School of Business, the top five sectors in which McCombs MBA graduates work are consulting, financial services, technology, consumer packaged goods, and manufacturing. Consulting and finance had the highest average base salaries.
Trends of Salary in Consulting
The average base salary for positions in the consulting field was approximately USD 174,615 per annum, ranging from USD 100,000 to USD 195,000.
Trends of Salary in Finance
The average base salary for roles in the finance sector was about USD 159,464 per annum, ranging from USD 48,000 to USD 225,000.
Trends of Salary in Technology
The average base salary in the technology industry averaged around USD 137,111 per annum, with salaries ranging from USD 100,000 to USD 167,000.
Trends of Salary in Consumer Packaged Goods
The average base salary for positions in CPG was approximately USD 124,000 per annum, extending from USD 110,000 to USD 140,000.
Trends of Salary in Manufacturing
The average base salary for manufacturing roles was about USD 136,786 per annum, with salaries ranging between USD 112,500 and USD 175,000.
A Snapshot of Sector-wise Salary Split
| Industry | Average Base Salary | Top Employers |
|---|---|---|
| Consulting | USD 174,615 | Bain & Company, Boston Consulting Group, Deloitte |
| Finance | USD 159,464 | Credit Suisse, Goldman Sachs, Citigroup |
| Technology | USD 137,111 | Amazon, Google Inc., Microsoft |
| Consumer Packaged Goods | USD 124,000 | Nike, PepsiCo, Procter & Gamble |
| Manufacturing | USD 136,786 | Dell, Tesla, Toyota North America |
Mapping McCombs MBA Salary: Locations Unveiled
The McCombs School of Business at the University of Texas at Austin is well-known for producing successful business professionals. MBA students often consider prospective salaries when choosing a program. The following table will provide you with an overview of the McCombs MBA Salary in the US:
| US Region | Median Salary (USD) | Acceptance Rate (%) |
|---|---|---|
| Southwest | USD 175,000 | 68.9% |
| West | USD 142,800 | 6.7% |
| Northeast | USD 175,000 | 13.4% |
| South | USD 132,500 | 4.3% |
| Midwest | USD 165,000 | 5.3% |
Decoding the McCombs MBA Placement Records
McCombs stays strong in many industries. This shows employers trust its graduates. The school's goal is to help graduates succeed. This fits its aim to create future business leaders. The high job placement rates prove its success.
The McCombs Full-Time MBA Class of 2023 successfully landed jobs after graduation. Out of the 271 students in the class, an amazing 90% got job offers within three months, and 89% took these opportunities. This led to the highest average starting salary ever recorded at the school – a whopping USD 157,735. That's a big 9% jump from the previous year, showing how much the class excelled in their post-graduation endeavors.
| Industry | % Graduates Accepting New Employment | Base Salary Median | Base Salary Range |
|---|---|---|---|
| Consulting | 43% | USD 175,000 | USD 100,000 – USD 195,000 |
| Financial Services | 16% | USD 175,000 | USD 48,000 – USD 225,000 |
| Technology | 15% | USD 136,500 | USD 100,000 – USD 167,000 |
| Consumer Packaged Goods | 6% | USD 125,000 | USD 110,000 – USD 140,000 |
| Energy / Utilities | 5% | USD 127,500 | USD 100,000 - USD 185,000 |
| Manufacturing | 4% | USD 140,000 | USD 112,500 – USD 175,000 |
| Retail | 4% | USD 132,500 | USD 120,000 – USD 145,000 |
| Transportation / Logistics | 2% | USD 120,000 | USD 100,000 - USD 123,000 |
| Real Estate | 2% | USD 125,000 | USD 100,000 - USD 150,000 |
McCombs MBA Graduate Profile: A Snapshot of Career Paths
You can explore the career paths of McCombs MBA graduates through this summary. You can see where alumni have landed in jobs or other pursuits post-MBA. Accompanied by a table showing the breakdown of graduates seeking employment versus those pursuing other paths, this snapshot offers a clear view of the community's diverse journeys.
| Scope of Graduates | Permanent Work Authorization | Non-Permanent Work Authorization | Total Graduating Class |
|---|---|---|---|
| Seeking Employment | 180 | 59 | 239 |
| Not Seeking Employment | 21 | 11 | 32 |
| Continuing Education | 12 | 3 | 15 |
| Starting a New Business | 5 | 0 | 5 |
| Sponsored Job | 2 | 8 | 10 |
Alternate Career: The Entrepreneurial Way for McCombs MBA Graduates
The McCombs School of Business ranked #6 for entrepreneurship by U.S. News & World Report, offers many unique resources in one of America’s most innovative cities to prepare students for new business ventures. Many Texas MBA alumni have gone on to run successful startups not only in Austin but across the country.
Furthermore, the Harkey Institute for Entrepreneurial Studies offers a mentorship program led by seasoned entrepreneurs. This ensures that McCombs students can access expert advice and support as they navigate the complexities of starting their ventures. Initiatives like the Jon Brumley Texas Venture Labs Accelerator allow MBA graduates to collaborate with real-world startups, gaining hands-on experience and refining their entrepreneurial skills.
McCombs' commitment to nurturing entrepreneurial talent is evident in the success stories of alumni like Kevin Long, co-founder of Outmore Living. Kevin's journey from concept to creation exemplifies the impact of McCombs' resources and supportive ecosystem. With experiential courses, competitions, and access to Austin's vibrant startup scene, McCombs MBA graduates have the tools and mindset needed to thrive as entrepreneurs.
The following table will explore some of the alumni of the McCombs MBA program who paved their way in entrepreneurship:
| Entrepreneurs (Year of Graduation) | Name of Startups |
| Noah Lee (2016) | Sock Club |
| Perry Nelson (2010) | Nicely Noted |
| Aimy Steadman, Justin Fenchel, Dan Singer, and Jason Schieck (2013) | Beatbox Beverages |
Conclusion
After graduating, a diverse set of students in MBA college in the USA blossom after the program, having a diverse range of careers in various industries, functions, and locations. The average McCombs MBA graduate's salary is competitive and varies based on the industry, function, and job location. In addition, the program provides ample career growth and development opportunities, making it an attractive option for aspiring business professionals.
