ANOTHER Top B-School Reports Record MBA Salaries

The top industry for Georgetown McDonough MBAs in 2022 was consulting at 29%, followed by financial services at 25%. Technology was the third most popular industry at 18%. Georgetown photo

Georgetown MBAs achieve record salaries after graduation

From Washington, D.C.: The full-time MBA Class of 2022 took McDonough’s employment outcomes to new heights in their post-graduate roles with an average base salary of $138,552, up from $126,107 last year, and an average signing bonus of $36,342.

According to the 2022 Employment Report, 96% of students received a job offer within three months of graduation and 95% accepted their offers – tying last year’s placement records as the highest levels ever achieved by Full-time MBA graduates. The record-setting average salary marks a 10% increase from 2021, with bonuses increasing by 6%.

“The outcomes presented in this report are a testament to the extraordinary talent in the Class of 2022,” said Christy Murray, associate dean and managing director of career services at Georgetown McDonough. “These students began their MBA journey amid ongoing disruptions and uncertainty from the global pandemic, yet through their hard work, perseverance, and commitment to excellence, they were well positioned to secure impactful roles in business across a wide range of industries and sectors.”

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These U.S. industries are seeing the most quitting

Where are the most resignations taking place in the United States? New research provides some answers.

Document management website SmallPDF analyzed data from the Bureau of Labor Statistics to score every industry’s quit rates — the percentage of total employees quitting in an industry every month — and quit levels, which measures how many employees quit in total each month.

The accommodation and food services industry, including fast food workers, waiters, and chefs, saw an average of 5.8% of its workforce leave between April and August 2022, when the study was carried out. More than 773,600 employees left every month on average during the study. August 2022 saw 128,000 more employees quit than the number who left their jobs in August 2021, indicating a massive change in staffing.

Coming in second place is the retail trade industry, which includes jobs like cashiers, customer service representatives, and stock clerks saw an average of 600,400 employees quitting every month between April and August 2022 and an average quit rate of 3.82%. Roughly 109,000 fewer employees quit this August compared to August 2021 in the industry.

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Chicago Booth announces $24M gift to support veterans in new joint program

From Chicago: University of Chicago student veterans Colin Augustson, Nicholas Golin, and Robert Zamora will be the first cohort of the new Accelerated Booth Scholars Program, thanks to an anonymous $24 million gift announced November 11 to support University of Chicago student veterans.

The Accelerated Booth Scholars Program — part of an ongoing effort to create a pathway for scholars from all walks of life to succeed in their studies and pursue a rewarding career — offers students with a minimum of three years of full-time, pre-college work the opportunity to apply to earn a dual degree in five years.

The gift will provide qualified cohorts of student veterans with financial aid assistance to help cover program costs of the joint AB/MBA degree starting in spring 2023. In addition to scholarship support, these students will receive guidance on academics, internships, and networking opportunities.

“The University of Chicago has long benefited from the tremendous contributions of our veteran scholars,” University President Paul Alivisatos says. “They bring to the university a diversity of backgrounds, experiences and perspectives, and I am delighted to know that this wonderful gift will bolster our efforts to recruit promising veterans and support them in accelerating the pathway toward realizing their educational aspirations.”

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