Deloitte Top Fuqua Employer For 2nd Year
Deloitte Consulting hired at least 30 MBAs from Duke University’s Fuqua School of Business this year, the second year in a row that Deloitte is the school’s top employer. Other companies in double digits were McKinsey & Co. (18), Boston Consulting Group (12), Johnson & Johnson (12), and Samsung (11), according to preliminary employment statistics released by Fuqua.
Deloitte became Fuqua’s top employer of full-time MBAs last year after Johnson & Johnson’ had been number one for many years. Deloitte hired 33 graduates and 25 interns for a total of 58 hires last year. The new preliminary results show Deloitte hiring a total of 44, including 14 interns and 30 MBA grads. As recently as 2007-2008, Deloitte hired a total of only 16 Duke MBAs, so their increased presence and success is both notable and important.
The school said the median base salary of a Fuqua MBA this year was $103,000, up slightly from $102,250 last year. The lowest reported salary this year was $36,000 by an international graduate without permanent U.S. work authorization. The highest was $225,000. Some 89% of the students in the preliminary sample reported median signing bonuses of $25,000, ranging from a low of $2,000 to a high of $60,000. Another 59% of Duke’s graduating MBAs received median “other guaranteed compensation” of $10,000, with a low of $2,000 and a high of $123,750.
HIGHEST MEDIAN PAY LANDED BY MBAS WHO WENT INTO CONSULTING
Duke’s highest median base salaries were paid by the consulting industry: $130,000, with median signing bonuses of $25,000. Not surprisingly, the largest percentage of Fuqua grads headed into consulting: 36%. Fuqua’s highest reported base salary of the year–$225,000–went to an MBA who landed a strategic business planning job. Another MBA, who went into sales and tradiing, also reported a base of $218,000. Technology services and telecommunications paid the second highest bases, $125,000 and together lured about 3% of Fuqua’s graduating class.
Financial services, which claimed 22% of the Class of 2012, paid median base salaries of $100,000, with median signing bonuses of $40,000.
WIDE RANGE OF COMPANIES CONTINUE TO HIRE FUQUA MBAS
The school’s report showed a wide range of companies recruiting Fuqua talent. Among this year’s major employers were Bain (9), Accenture (8), PricewaterhouseCoopers (8), Apple (7), Citicorp (7), Goldman Sachs (6), Microsoft (6), ZA Associates (6), Bank of America (5), John Deere (5), Google (5), and Medtronic (5).
Some 85% of Fuqua grads seeking employment said they received at least one job offer by the school’s graduation on May 15th, versus 84% a year earlier.
The preliminary report is based on self-reported data from 402 Fuqua MBA grads. Nearly one in three of the MBAs—31%–said they landed their full-time jobs as a result of their summer internships.