For some business professionals, an MBA is an essential step toward career advancement and success in the business world. But it requires a lot of commitment to complete. For instance, the Ross MBA Employment Report for their most recent graduating class proves that such a substantial commitment offers a reward.
In fact, it translates into significant rewards. If you’re interested in taking a more detailed look at the Ross MBA Employment Report and learning more about all Ross offers — read on.
Ross MBA Employment Report & Statistics 2024
The outlook for full-time Ross MBA graduates is highly favorable, with 96% receiving job offers within three months, notably in consulting and technology. The median base salary of $175,000 underscores the attractiveness of MBA qualifications. Major metro areas like New York, the West Coast, and Chicago are prime destinations, with two-thirds of offers accepted.
Career-switchers comprise 94% of graduates, emphasizing the MBA's role in facilitating industry transitions. School-facilitated recruiting activities play a crucial role in securing offers. Overall, MBA graduates can anticipate abundant opportunities for career growth and success across diverse industries and regions.
MBA Class Demographics 2024
Here is what you can expect from Ross’ MBA program’s recent class profile:
- 379 is the class size
- 43% of the class are women, 57% are men
- 43% of the class are U.S. students of color
- 10% of the class is a part of the LGBTQ+
- 17% are first-generation college students
- 24% of students are Asian American
- 6% of students are Black or African-American
- 7% of students are Hispanic or Latinx
- The average GMAT score for the class is 719
- The average undergraduate GPA is 3.43
This shows how diverse Ross’ MBA program is. Remember that the class demographic is due to change, so check out the site to ensure you have the most up-to-date numbers.
Overall Employment Statistics
You might be wondering about the employment statistics for Ross MBA graduates. Here are the statistics to help you decide whether to become a Ross graduate.
- 96% of full-time MBA graduates received job offers within three months of graduation.
- The median base salary for graduates is $175,000.
- 60% of graduates entered the consulting or technology sectors.
- 90% of accepted offers reported a signing bonus.
- 2/3 of accepted offers were in the New York metro, West Coast, or Chicago.
- 94% of graduates are career-switchers.
- 7/8 of accepted offers were obtained through school-facilitated recruiting activities.
- 88.9% of U.S. Citizens/Permanent Residents received their first offer by graduation.
- 94.5% of Foreign Nationals received their first offer by graduation, and 95.6% within three months of graduation.
It’s always important to research graduate employment rates before applying to a school program. As you can see, these statistics are impressive, and you should consider going to Michigan Ross because of it!
Top Hiring Industries
The top hiring industries for full-time MBA interns are:
- Consulting: 27.7%
- Technology: 16.8%
- Financial Services: 18.4%
- Consumer Packaged Goods: 6.9%
- Healthcare: 9.3%
- Retail: 4%
- Manufacturing: 7.2%
Here is a table that outlines the various function-wise placements and their respected salaries to help you decide which field you want to go in.
Source: Ross Employment Report
If you want an idea of what you’ll potentially be making in certain parts of the U.S., here is a table showing the full-time average base salary by geographic location:
Source: Ross Employment Report
Some of the top companies have hired Ross graduates and interns; these include:
- McKinsey & Company
- Bain & Company
- Boston Consulting Group
- Dell Technologies
If you dream about working for one of these top companies, you should consider applying to Ross’ MBA program.
Entrepreneurship and Startups
Michigan Ross does not provide their statistics for graduates pursuing entrepreneurship and working at startups. However, we’ve provided plenty of other information about Ross MBA graduates working in other services to help give you an idea of the career prospects of a graduate of the program.
The employment data for full-time MBA graduates reveals a strong job market, with 96% receiving offers within three months and a median base salary of $175,000. Consulting and technology are top choices for 60% of graduates, with notable firms like McKinsey, Bain, and BCG leading in hires.
Most accepted offers include a signing bonus, and 94% of graduates transition to new careers. Top hiring companies span consulting, finance, and tech sectors, offering diverse opportunities for MBA graduates.
If you still have questions, here are some frequently asked questions.
1. What Are the Admission Requirements for Applying to Michigan Ross’s Full-Time MBA Program?
All applicants must submit academic transcripts for all undergraduate or graduate institutions that they have attended, standardized test scores, a professional business resume, one letter of recommendation, and answers to both essay questions (one short answer prompt, and one career goal essay).
International applicants must also submit scores from an English proficiency exam such as IELTS, TOEFL, or PTE and must get their transcripts officially translated. Interviews are conducted on an invitation-only basis once the admissions committee has reviewed your initial application.
2. What Is the Minimum GMAT/GRE Score Required for Admission to Michigan Ross’ Full-Time MBA Program?
There are no minimum score requirements for either exam or any other standardized test score that Michigan Ross accepts. Standardized test scores are just one of many factors when your candidacy for the MBA program is being considered.
3. How Much Work Experience Do I Need to be Able to Apply for Michigan Ross’ Full-Time MBA?
Michigan Ross does not have a specific number of years of work experience that they require all applicants to have before applying. However, most Michigan Ross students have at least two years of work experience by the time that they start the program, and the average Michigan Ross student enters the program with five years of work experience.
4. How Can I Connect With Students or Alumni from Michigan Ross to Learn More About What Life Is Like on Campus?
If you’re interested in connecting with current students or alumni from Michigan Ross, the school has an extensive list of student ambassador profiles that you can connect with on their website .
You can read through the personal stories that these students have posted about their experiences at Michigan Ross, and you can also reach out to them using their personal email addresses, which are linked to each of their profiles on the site.
5. Can I Access and Compare Ross MBA Employment Reports From Previous Years?
Unfortunately, Michigan Ross only has their most recent employment report posted on their website. However, if you seek information about Michigan Ross’ past employment reports, this may be found on the Poets & Quants website.
6. What Is the Most Popular Industry That Michigan Ross Graduates Enter After Graduation?
Michigan Ross graduates have been historically successful at finding jobs within the consulting and tech sectors. Consulting and technology are top choices for 60% of graduates.
A detailed look at the Ross MBA Employment Report reveals that this school is definitely an excellent option if you are eager to work in consulting or technology. However, even if these aren’t sectors that you’re particularly interested in, an MBA earned at Michigan Ross still holds tremendous value, and this year’s employment report backs that up.
So, if you’re interested in achieving the same kind of success as demonstrated in the employment report, and you want to pursue an MBA at a well-rounded school that’s going to help get you to that point, Michigan Ross might be for you!