LATEST: Michigan Ross BBA Grads See Boost in Median Base Salary, with Finance, Tech, Consulting Among Top Industries
Graduates of the Bachelor of Business Administration Program at the Ross School of Business continue to earn impressive salaries and job offers in the most in-demand industries even during a challenging recruiting year amid the COVID-19 pandemic.
According to the 2020 BBA Employment Report, the most recent graduating class of Michigan Ross BBAs received a boost in median base salary to $85,000, up from $78,500 for the Class of 2019. In addition, the 2020 grads’ median signing bonus equaled their 2019 counterparts, remaining strong at $10,000.
The 2020 BBA grads accepted job offers at 184 diverse companies, with 81% landing a job on the East Coast, West Coast, or Chicago. The top five hiring companies for BBAs were EY-Parthenon, JPMorgan Chase & Co., Citibank, Boston Consulting Group, and Capital One Financial Corp.
Finance, tech, and consulting were the top industries BBA grads went into, and 94% received a job offer by Sept. 30. The top job functions were finance (49.5%), consulting (25.8%), and marketing/sales (13%).
“We are so proud of our BBA students and their ability to be tenacious and resilient during what was a challenging recruiting year,” said Heather Byrne, managing director of the Career Development Office at Michigan Ross. “Their success speaks volumes to the talent, skills, and experience they offer employers, as well as how our career development staff have supported them throughout their career prep journey.”
BBAs intern with 207 companies in 2020
The new report also looks at the placement data for summer internships held by the Class of 2021. In 2020, 207 companies hired BBA interns, up from around 170 in 2019. Those companies included many of the most sought-after employers — including Amazon, Google, McKinsey & Co., and Nike — and the annualized salary they received this past summer was $60,000.