Dartmouth Tuck 2023 MBA Employment: Jobs Aplenty, But Salaries & Bonuses Plateau

For the third straight year, more than 95% of Tuck’s MBA class found jobs three months after graduation. Tuck photo

For many years now, among elite business schools, Dartmouth Tuck School of Business MBAs have enjoyed a high level of success when it comes to securing post-MBA jobs. This year was no different, despite headwinds in MBA-heavy industries finance, tech, and consulting.

Ninety-six percent of Tuck’s MBA Class of 2023 were offered jobs by three months after the school’s June 11 graduation, marking the third straight year and ninth in the last 10 that Tuck grads have enjoyed 95% offers or better. Ninety-three percent of this year’s Dartmouth MBAs accepted their offers. The school’s international graduates had it even better, with 98% receiving an offer and 95% accepting. In fact, in only one year in the last decade did the Tuck School fail to eclipse the 95% mark: 2020, at the peak of the pandemic.

For most B-schools, the 2023 offer and acceptance numbers would be Champagne-worthy. But as at most top business schools in the U.S. this year, they still represent a decline from 2022, when 98% of Tuckies received a job offer within three months of graduation — just shy of the school record 99% set in 2019 — and 96% accepted within the same timeframe.

SUCCESS 'NO MATTER THEIR POST-MBA PATH'

“These healthy employment numbers are a testament to the strong combination of skills — coveted by top companies in every industry — that Tuck graduates offer," says Stephen Pidgeon, executive director of Tuck's Career Services. "No matter their post-MBA path, Tuck MBAs have a high likelihood of success. These outcomes are also a testament to our tremendous and experienced team of career advisors, the dedicated Tuck alumni network, and the entire class of 2023 — who showed up and supported one another in their recruiting journeys.”

The 261 Tuck graduates seeking employment out of a 2023 class of 294 reported a median salary of $175K and median signing bonus of $30K, identical to their predecessors. But that Class of 2022 had seen its median jump 16.7% from 2021, and its total pay grow to $202,900, up more than 15%. This year, because median salary and bonus were both flat, median total compensation — adjusted for the 83% of grads who reported signing bonuses, down from 93% in 2022 — dipped to $199,900.

It's the second time since 2021 that median total pay has dropped for Tuck grads (see table above). Yet, looked at another way, Dartmouth's median MBA compensation is still up 13.7% since 2021.

DARTMOUTH TUCK 2023 MBA INDUSTRIES, SALARIES, AND BONUSES

ONE TUCK TECHIE REPORTED A SIGNING BONUS OF $193,700

Once again, the top industry for Tuck MBAs was consulting, with 46% of the class going into the sector, down 1 point from 2022. Consulting salaries were a big bright spot for the class, jumping to a median $190K from $175K. Finance grads — 23% of the class, up 3 points from last year — earned a median $175K, same as last year, with a range that topped out at $275K, best in the class.

Tuck techies may have had concerns about their prospects amid a widely publicized downturn in the industry, but they needn't have worried: The tech-bound comprised 14% of the 2023 class, up from 11%, and median starting salary leaped to $160,500 from $140K, an increase of 14.6%. techies had the second-highest upper end of range of salaries, at $212,500, and one grad in the sector reported the highest bonus of the class: $193,700. The next-highest was significantly lower: an investment manager got $110K.

Other significant industries that hired Tuck MBAs were health care/pharma/biotech and consumer goods/retail, both at 6% of the class.

“It’s not uncommon for our team to hear from recruiters that they would specifically like to hire a Tuck MBA, and that’s apparent when you see the strong offers our graduates receive year in and year out,” Pidgeon says. “Companies understand the knowledge and expertise Tuck graduates will bring to their offices and they don’t want to miss the opportunity to hire a rising, collaborative talent.”

DARTMOUTH TUCK MBA INDUSTRIES 2021-2023

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