Chicago Booth School of Business MBA Employment Report 2021

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The MBA placement report for Chicago Booth School of Business has been released for the class of 2021. As per the report, a predictable rebound has been experienced so far from previous years and the university has released the final job numbers, and trends offering a detailed insight at MBA in USA programs' future.

MBA students at Chicago Booth Business School can take a seat back as the concerns of poor employment due to the pandemic have reduced. The placement rates after 90 days of graduation have experienced a jump and overall compensation has nearly bumped by 5%.

The median base salary for Class of 2020 grew by 5,000 USD from 2019, marking the employment to 150,000 USD.
The bonus rate was flat for the year and total growth was only 1.2% for MBA bonuses.
In 2021, the median salary grew another 5,000 USD, marking the total to 155,000 USD.
The trends of occupation sectors also experienced a drastic change, consulting as a sector was on top, followed by finance with 160,000 USD.
Median bonuses grew to 35,000 USD, led by 50,000 USD for finance grads and 40,000 USD for tech grads, powering an overall compensation total of 178,450 USD, up 4.9% from a year ago.
Top companies like McKinsey & Company, Inc., The Boston Consulting Group, IncAmazon and others hire 7% to 10% of Booth graduates.
In total, 273 companies represented and hired booth students for full-time jobs,

Table of Contents

Placement Trends
Top Three Sectors
Demographic Sectors
Different Employment Sectors
Top Recruiters

Booth School of Business Placement Trend Over the Years

Chicago Booth School of Business has experienced a growth of 4% in placement trends for over a span of 9 years ranging between 2013-2021.

The median compensation for the year 2013 was 132,970 USD and over the span of 5 years it grew by 16,750 USD.
Presently, the median growth compensation for MBA Class profile 2021 178,450 USD, marking the overall growth rate to 4%.

Year	Median Compensation (USD)
2013	132,970
2014	139,160
2015	143,060
2016	144,080
2017	144,750
2018	149,750
2019	168,060
2020	170,100
2021	178,450

Career Choices Trends in Top Three Sectors

Initially, the financial sector was the most preferred sector amongst all MBA graduates. Since, past 5 years, there has been a significant battle between consulting and the financial sector. In the year 2019, consulting was top on the chart as it was most preferred by the MBA graduates. However, in 2021 the big story happened as tech increased the numbers and 21% of the class chose the tech sector, marking the history of B-school.

Year	Finance	Consulting	Technology
2013	30.7%	35%	12.3%
2014	27.9%	36.4%	13.5%
2015	32.1%	35.2%	15.2%
2016	27.7%	36%	16.7%
2017	29.9%	32.6%	18.7%
2018	31%	31.6%	20.3%
2019	31.3%	33.7%	20.7%
2020	30.9%	38.2%	16.3%
2021	27%	34.4%	22.9%

Booth Business School: Demographic Sectors

Last year, Boothies experienced a hard time while finding jobs. The 3 months after graduation stats for Booth Business School MBAs were somewhat down to 92.8% from 96.3%. Furthermore, job acceptance was also down, to 91.4% from 95.1%. In 2021, 92.9% students had job offers at graduation and 97.7% had offers at three months, which was a substantial increase. However, a big jump was experienced in acceptances as it was 96.4% for this year.

After graduation in 2019, the largest group of MBA students at 26.1% stayed in Chicago contributing to the Midwest total of 28.9%. Apart from this, 21.7% of the students headed to the West Coast, out of which, 13.5% in the Bay Area, 6.1 in Seattle and 2% in Los Angeles. Around 21.3% of students accepted jobs in Northeast, mainly New York. Additionally, Westcoast numbers were also up with 24.6% graduates.

In 2021, Midwest and Northeast experienced loss with 29.6% and 21.8% respectively, whereas West numbers climbed again to 26.8%

As per reports from Poets & Quants, in the year 2019 12.8% of the students joined organisations out of the U.S.Out of all, 5% of them went to Asia, 4.8% in Latin America and 1.7% in Europe, mainly London. However, the statistics for 2021 are different due to the decrease in number of international placements to 8%.

Different Sectors for MBA Graduates from Chicago Booth School of Business

After completing graduation, students from University of Chicago Booth Business School choose various sectors for placements. The highest contributing sectors are Finance, Consulting and Technology. However, some of the other sectors with 2021 percentage hiring are tabulated below.

Also Check: MBA Jobs in USA

Chicago Booth School of Business: Top Recruiters

Today's premier organisations in every industry recruit graduate students and interns from Booth's Full-Time MBA Program, from McKinsey in Singapore to NBCUniversal in New York.

273 companies hired booth students for full time jobs in the US.
92.8% of the graduates received full-time job offers within 3 months of graduation.
80.2% of graduates were hired because of a school-facilitated effort, such as an on-campus interview, campus recruiting event, or Booth relationship.
54.2% companies hiring four or more graduates and 11.8% hiring two or three graduates.

Some of the top hiring recruiters with numbers of students are tabulated below:

Company	Number of Hires	% of Hires	Number of Interns
McKinsey & Company, Inc.	46	10	39
The Boston Consulting Group, Inc.	36	7.8	39
Amazon.com, Inc.	34	7.4	27
Bain & Company, Inc.	18	3.9	19
Credit Suisse	10	2.2	9
Kearney	9	2.0	10
Bank of America Corporation	8	1.7	7

Pursuing a degree at the Chicago booth Business School opens opportunities for students and enables them to venture the world. The job report for the past 8 years has seen diversified changes. Therefore, technology has taken a great shift this year and more students can pursue careers in it. Consulting is still the king of MBA degrees and finance stays as a first runner up. Coming year will open several opportunities for students as the USA is offering relaxations and the market is at boom.