Tuck Reports All-Time Best Career Stats

Jonathan Masland heads up career development at Tuck

CONSULTING REMAINS THE NO. 1 INDUSTRY CHOICE OF TUCKIES

There were hardly no significant changes in industry choices this year, with the exception of consumer goods and retailing, which attracted 10% of the class, up three percentage points from 7% last year. Masland attributed the increase to the hire of a former General Mills manager who now works in business development. “The increase is due to a strong pull from General Mills and Colgate-Palmolive,” he said.

Consulting maintained its status as the No. 1 industry choice of Tuck MBAs, drawing slightly more than a third of the class, some 34% this year, a point below last year’s 35% level. This is the second consecutive year that consulting beat finance as the top choice of Tuck graduates. Masland said that 18% of the entire class went to McKinsey, Bain and Boston Consulting Group. With the only exception of private equity and venture capital, the consulting firms paid the highest median base salaries of $140,000 up $5K from last year.

Some 24% of the class accepted jobs in financial services, a tick down from 25% last year. The median base salaries in finance were $125,000, up $25K from 2014. About 10% of Tuck’s Class of 2015 went into investment banking, while 5% ventured into investment management. The most lucrative jobs–paying median base salaries to start of $142,500–in private equity and venture capital fell by half this year to 2% versus 4% a year earlier. But those starting salary offers in PE and VC were up considerably from $120,000 last year.

ONE IN FIVE TUCKIES LANDED JOBS ON THE WEST COAST THIS YEAR

Tech firms hired exactly the same percentage of the class–18%–as they did last year, with median base salaries were $120,000, up from $115,000. As a result, 20% of the class headed to the West Coast for their jobs, among the highest ever for the Hanover, N.H., based school. Some 10% of the total went to the Bay Area, while 9% accepted jobs in the Seattle metro area. Masland said he thinks that would be a surprise for many looking at Tuck’s stats. “You don’t think of Hanover having one out of five graduates going to the West Coast,” he said. “But we did a career boot camp on the West Coast and we are building a bigger presence with Google, Amazon and Microsoft.”

Healthcare also attracted the same numbers of this year’s class, 6%, as did the energy sector, 2%. Just 2% of the class accepted jobs in manufacturing.

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