This School’s MBAs Saw A 25% Jump In Salary In 1 Year

MBA students in the Johns Hopkins Carey Business Class of 2022 spent nearly all their academic journey learning virtually, having started in the teeth of the coronavirus pandemic in fall 2020 and only returning to the classroom in early 2022, at the start of their second spring.

Yet amid all the uncertainty and challenges presented by the world health crisis that defined their MBA, the 65 Carey graduates of 2022 reported remarkable outcomes, including an amazing 25% increase in average base salary and nearly 30% increase in average signing bonus over their Class of 2021 colleagues.

The pandemic “did not cloud our full-time MBA students’ commitment to success,” write Jenn Leard, director of coaching and education at Johns Hopkins Carey, and Corinne Brassfield, director of employer relations, in the forward to Carey’s newly released 2022 MBA employment report. “Our MBA students proved to be resilient and found great opportunity.”

MORE THAN A QUARTER OF 2022 MBAs WENT INTO HEALTH-RELATED FIELDS

Average base salary grew to $127,044 from $101,289, and average signing bonus grew to $28,271 from $21,977, the latter a 29% jump in one year. Average other compensation was $17,263, down from $23,958, a 28% decline.

Of the Carey School graduates reporting this year, 89% had accepted a job within three months of graduation — more than a quarter of them, unsurprisingly, in the business of healthcare. Carey’s Health, Technology, and Innovation pathway is one of two pathways around which the Carey MBA is designed; it drives at leadership in the business of health, with technology-driven, human-centered solutions to complex challenges in areas like digital health, artificial intelligence in health care and record management, and other related fields. Away from healthcare, nearly 20% of Carey’s 2022 MBAs took jobs in consulting, more than 16% are in the tech field, and nearly 10% are in financial services. Top employers include Amazon, AstraZeneca, Goldman Sachs, Nike, and SiriusXM.

Over the three years since the Carey MBA was reimagined, 94% of all graduates secured full-time jobs within 90 days of graduation. Their average starting salaries have climbed 32% since 2020. Five years post-MBA, Carey’s alumni are making nearly four times as much as they made before earning their degree.

54% FOUND JOBS THROUGH SCHOOL’S CAREER OFFICE

Graduates credited Carey’s Career Development Office for helping them find their first professional experience as an MBA graduate. More than half of the 2022 full-time MBA class said they found their jobs through the school’s career-seeking opportunities, rather than through their own networking.

“My career coach helped me develop my story, present my best self through personal branding, and expand my network,” says Class of 2022 graduate Ali Mehdi, who now works as a commercial strategy analyst for American Airlines.

“Career coaching, alumni sessions, and (student-employer connection software) Handshake were the most helpful resources from the Career Development Office,” says Crystal Allen, who earned a dual MBA/MPH degree this year from Carey and the Johns Hopkins Bloomberg School of Public Health.

ACROSS PROGRAMS, CAREY LEADS ON GENDER EQUITY

Allen is part of another significant distinction for Carey: one of the highest percentages of women in full-time MBA programs among an elite list of Forté Foundation members. This year, with 52% women, Carey marked three consecutive years with at least half women in its full-time MBA.

“The women who are attracted to this program have the drive to take a new program and make it their own,” MBA Academic Program Director Stacey B. Lee says. “The people who come to us in large part are already leaders. What we do in the time they’re here is teach them how to funnel that passion into achieving what they want to achieve.”

But it’s not just the MBA where Carey leads on gender equity. Fifty-two percent of Carey’s entire student body are women, and half the faculty who teach in the program are women. Courses are developed and structured with an intentional lens focused on diversity, equity, inclusion, and belonging.

“It’s hugely important to us that women know not only that they are welcomed to pursue their MBA at Carey, but that they are completely supported here,” says Alex Triantis, the Carey School’s dean since moving up the Baltimore-Washington Parkway from the University of Maryland in 2019. “We are deliberate about it. Women only lead about 9% of Fortune 500 companies, and less than 5% of the Global 500. That has to improve, and we believe we have to be an active part of improving it.”

You can learn more about Johns Hopkins Carey Business School here.

DON’T MISS THE B-SCHOOL WHERE MBA GENDER PARITY IS AN ANNUAL EVENT and JOHNS HOPKINS MBA & HUSBAND ORGANIZAE EFFORT TO HELP INDIVIDUAL UKRAINIANS