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The University of Virginia's Darden School of Business has unveiled its 2023-24 employment report, showcasing impressive outcomes for its full-time MBA graduates. The Class of 2023 has achieved the highest average starting salary in the school's history for the fifth year in a row, with an average base salary of USD 167,899. The job placement rate for the MBA program is an impressive 96%, with 94% of international students receiving job offers within three months of graduation. Top companies like EY, Amazon, Bain & Company, JP Morgan Chase & Co., and McKinsey & Company have been active recruiters for the class.
Furthermore, for the second consecutive year, the median starting salary for MBA graduates from the University of Virginia stands at USD 175,000. These impressive figures highlight the strong job outcomes and high demand for graduates from the Darden School of Business. The consistent success in employment rates and salaries underscores the value of the education and training received at the University of Virginia.
The table presents the latest bachelor's average salary and the latest master's average salary across 52 bachelor's disciplines and 20 master's disciplines at University of Virginia, according to the US Government. It highlights salary variations based on the field of study, with STEM disciplines generally offering higher earnings due to industry demand. The bachelor's salaries range from ₹1,16,12,700 to ₹13,66,120, while the master's salaries range from ₹1,72,70,385 to ₹32,11,470. Additionally, master's degree graduates typically earn more than bachelor's degree holders, reflecting the benefits of advanced education in career growth and salary potential.
Departments | Average Annual Salary (USD) | Average Annual Salary (INR) |
---|---|---|
Computer and Information Sciences, General. | $136,620 | ₹1,16,12,700 |
Computer Engineering. | $135,287 | ₹1,14,99,395 |
Systems Engineering. | $113,099 | ₹96,13,415 |
Business/Commerce, General. | $112,759 | ₹95,84,515 |
Electrical, Electronics and Communications Engineering. | $103,662 | ₹88,11,270 |
Mathematics. | $99,961 | ₹84,96,685 |
Biomedical/Medical Engineering. | $94,301 | ₹80,15,585 |
Chemical Engineering. | $93,745 | ₹79,68,325 |
Mechanical Engineering. | $86,778 | ₹73,76,130 |
Civil Engineering. | $84,135 | ₹71,51,475 |
Statistics. | $84,065 | ₹71,45,525 |
Public Administration and Social Service Professions, Other. | $81,373 | ₹69,16,705 |
Economics. | $80,369 | ₹68,31,365 |
International Relations and National Security Studies. | $78,563 | ₹66,77,855 |
Engineering, General. | $75,774 | ₹64,40,790 |
Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | $72,437 | ₹61,57,145 |
Philosophy. | $70,122 | ₹59,60,370 |
Communication and Media Studies. | $68,510 | ₹58,23,350 |
Political Science and Government. | $67,976 | ₹57,77,960 |
Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | $62,079 | ₹52,76,715 |
Chemistry. | $61,344 | ₹52,14,240 |
Multi/Interdisciplinary Studies, Other. | $61,339 | ₹52,13,815 |
Architecture. | $60,466 | ₹51,39,610 |
0ychology, General. | $60,347 | ₹51,29,495 |
Area Studies. | $59,351 | ₹50,44,835 |
Romance Languages, Literatures, and Linguistics. | $58,575 | ₹49,78,875 |
History. | $58,287 | ₹49,54,395 |
Electrical Engineering Technologies/Technicians. | $57,242 | ₹48,65,570 |
Cognitive Science. | $56,408 | ₹47,94,680 |
Sociology. | $56,011 | ₹47,60,935 |
Communication Disorders Sciences and Services. | $54,499 | ₹46,32,415 |
English Language and Literature, General. | $54,107 | ₹45,99,095 |
Biology, General. | $51,421 | ₹43,70,785 |
Religion/Religious Studies. | $50,482 | ₹42,90,970 |
Natural Resources Conservation and Research. | $47,457 | ₹40,33,845 |
Energy Systems Technologies/Technicians. | $46,884 | ₹39,85,140 |
Ethnic, Cultural Minority, Gender, and Group Studies. | $46,611 | ₹39,61,935 |
Fine and Studio Arts. | $44,659 | ₹37,96,015 |
Human Resources Management and Services. | $42,110 | ₹35,79,350 |
Computer Systems Networking and Telecommunications. | $38,110 | ₹32,39,350 |
Allied Health Diagnostic, Intervention, and Treatment Professions. | $37,899 | ₹32,21,415 |
Accounting and Related Services. | $37,271 | ₹31,68,035 |
Parks, Recreation and Leisure Facilities Management. | $35,131 | ₹29,86,135 |
Legal Support Services. | $34,009 | ₹28,90,765 |
Criminal Justice and Corrections. | $33,451 | ₹28,43,335 |
Computer/Information Technology Administration and Management. | $31,917 | ₹27,12,945 |
Business Administration, Management and Operations. | $29,508 | ₹25,08,180 |
Health and Medical Administrative Services. | $27,548 | ₹23,41,580 |
Allied Health and Medical Assisting Services. | $26,102 | ₹22,18,670 |
Culinary Arts and Related Services. | $25,907 | ₹22,02,095 |
Business Operations Support and Assistant Services. | $25,645 | ₹21,79,825 |
Cosmetology and Related Personal Grooming Services. | $16,072 | ₹13,66,120 |
Departments | Average Annual Salary (USD) | Average Annual Salary (INR) |
---|---|---|
Business Administration, Management and Operations. | $203,181 | ₹1,72,70,385 |
Computer Software and Media Applications. | $149,421 | ₹1,27,00,785 |
Business/Commerce, General. | $144,394 | ₹1,22,73,490 |
Systems Engineering. | $121,770 | ₹1,03,50,450 |
Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | $95,228 | ₹80,94,380 |
Public Policy Analysis. | $92,623 | ₹78,72,955 |
Accounting and Related Services. | $91,499 | ₹77,77,415 |
Public Health. | $71,876 | ₹61,09,460 |
Architecture. | $68,529 | ₹58,24,965 |
City/Urban, Community and Regional Planning. | $67,175 | ₹57,09,875 |
Communication Disorders Sciences and Services. | $66,660 | ₹56,66,100 |
Educational Administration and Supervision. | $64,158 | ₹54,53,430 |
Clinical, Counseling and Applied 0ychology. | $62,849 | ₹53,42,165 |
Health and Physical Education/Fitness. | $61,775 | ₹52,50,875 |
Curriculum and Instruction. | $57,003 | ₹48,45,255 |
Teacher Education and Professional Development, Specific Subject Areas. | $55,761 | ₹47,39,685 |
Special Education and Teaching. | $54,267 | ₹46,12,695 |
Student Counseling and Personnel Services. | $53,288 | ₹45,29,480 |
Teacher Education and Professional Development, Specific Levels and Methods. | $52,032 | ₹44,22,720 |
Business Administration, Management and Operations. | $37,782 | ₹32,11,470 |
For the second consecutive year, the average starting salary for MBA graduates from the University of Virginia is USD 175,000. Here are some other key details about job outcomes for University of Virginia graduates:
Particulars | Statistics for MBA Graduates |
---|---|
Average base salary | USD 167,899 |
Average median salary | USD 175,000 |
Percentage of students who received job offers within 3 months | 96% |
International students who received job offers within 3 months | 94% |
International students who accepted job offers within 3 months | 91% |
Average signing bonus | USD 37,588 |
Top industries | Consulting, Technology, Financial Services, Energy |
Top employers | BCG, EY, Amazon, McKinsey & Company, JP Morgan Chase & Co. |
The typical class size for the MBA program at the University of Virginia is 350 students. Below are more key details about the classes:
Particulars | Statistics |
---|---|
Women | 40% |
U.S. Minority | 21% |
First-Generation college students | 15% |
Military | 7% |
No. of international students | 111 |
The main job sectors for the University of Virginia MBA graduates from the Class of 2023 are Consulting, Financial Services, and Technology. Below are the placement statistics by industry:
Industry | % of Graduates Entering |
---|---|
Consulting | 46.3% |
Financial Services | 26.2% |
Technology | 11% |
Here are the salary trends for the MBA placements of the University of Virginia's Class of 2023.
Industry | Median Base Salary |
---|---|
Consulting | USD 190,000 |
Consumer Packaged Goods | USD 117,500 |
Financial Services | USD 175,000 |
Healthcare | USD 125,000 |
Manufacturing | USD 125,000 |
Real Estate | USD 150,000 |
Technology | USD 155,000 |
Retail | USD 143,900 |
Other | USD 225,000 |
When looking at career results for MBA graduates from the University of Virginia, we see that they found jobs in many different areas. These include Consulting, Finance and Accounting, General Management, Marketing and Sales, Information Technology, and Human Resources, among others.
Functions | Median Base Salary |
---|---|
Consulting | USD 190,000 |
Finance / Accounting | USD 175,000 |
General Management | USD 145,000 |
Human Resources | USD 143,000 |
Marketing / Sales | USD 126,000 |
Information Technology | USD 169,000 |
Operations / Logistics | USD 141,000 |
The main areas where MBA students from the University of Virginia get internships are Consulting, Financial Services, Technology, Consumer Packaged Goods, Retail, and Manufacturing. Below are the details of the pay for internships by industry:
Industry | Median Base Salary |
---|---|
Consulting | USD 15,750 |
Consumer Packaged Goods | USD 7,860 |
Technology | USD 9,459 |
Manufacturing | USD 8,816 |
Financial Services | USD 14,583 |
The leading companies that are hiring MBA interns from the University of Virginia for the Class of 2024 are listed below:
Accenture | Deloitte |
---|---|
Kearney | Amazon |
Emerson | McKinsey & Company |
Bank of America | EY |
Morgan Stanley | PepsiCo |
Hershey’s | Walmart |
Dell Technologies | Moelis |
University City | Charlottesville, Virginia, USA |
---|---|
Size of city | Small |
Population of City | 48,019 |