The one year MBA Class of 2019 at Ivey Business School managed to secure an average salary of $ 115,146 including signing bonus and other guaranteed compensation.
Dr. Catherine Chandler-Crichlow, Executive Director, Career Management & Corporate Recruiting at the London, Ontario-based school in Canada, said Toronto and the Greater Toronto Area (GTA) continue to be the preferred destination for MBA students to begin new roles with 70% accepting offers in this urban center.
While 24% of graduates accepted jobs in other regions across Canada, the remaining 6% accepted roles either in the US or Asia. The Class of 2019 has joined the more than 29,000 Ivey alumni globally. Some members of this network, as well as 208 corporate partners, played a pivotal role in the students’ success, she noted.
Ivey One Year MBA Class of 2019 Placement Report | Highlights | Recruitment details | Industry-wise compensation | Major Recruiters | Ivey MBA Class Profile 2019
Ivey MBA Employment Report 2019: Highlights
- The Base Salary stood at Minimum $45,000 Maximum $190,000 and Median $92,000
- 41% of the cohort received a signing bonus at a Minimum $5,000, Maximum $50,000 and Median $15,000
- 27% of the cohort received Other Guaranteed Compensation at a Minimum $1,300, Maximum $54,000 and Median $7,500
- While 95% of the class received an offer by December 1, 2019, 91% managed to make at least one career transition (a change in industry, function, and/or geography)
Ivey MBA Employment Report 2019: Recruitment Details
As many as 208 companies had posted jobs to Ivey. The MBA students accepted offers from 58 companies.
In sources of offer, school-facilitated accounted for 67%, followed by Career Management Posting (49%), Networking with Alumni and Corporate Partners (11%), Alumni / Classmate / Faculty Referrals (6%), Ivey Facilitated-Law School Recruiting (2%), Graduate-Facilitated (29%), Networking outside School (17%), Previous Employer (7%), Internet, Company Websites, Executive Search Firms and Newspaper Posting (5%) and Others (4%).
Ivey MBA Employment Report 2019: Industry-wise Compensation
Consulting roles accepted by 42% of the class offered a minimum base salary of $68,000, a maximum of $190,000 and a median $100,000. Other compensations accepted by 76%, was $2500 minimum, $44,600 maximum and $15,000 median.
Financial Institutions were preferred by 25% of the cohort with a minimum base salary of $60,000, maximum of $120,000 and a median of $88,500. About 33% of the cohort received other compensation at a minimum of $2000, a maximum of $30,000 and a median of $12,500.
Technology, chosen by 9% had a minimum base salary of $80,000, a maximum of $135,000 and a median of $115,000. About 38% received other compensation at a minimum of $6000, a maximum of $54,000 and a median of $30,000.
Ivey MBA Employment Report 2019: Major Recruiters
Among the major recruiters were A T Kearney, Accenture, Amazon, 3M Canada Company, Bain & Co, Canada, BMO Financial Group, Capco, CIBC, Deloitte, Eli Lilly Inc., Hilti, Johnson & Johnson, JP Morgan, KPMG, Mattamy Homes Limited, Microsoft, Partners in Performance, PwC, RBC Financial Group, Restaurant Brands International (RBI), Scotiabank, TD Bank Financial Group, TELUS Corporation, The Boston Consulting Group, The Kraft Heinz Company and ZS Associates.
Ivey MBA Class Profile 2019
The Class of 2019 comprised 130 students with an average age of 29 in the range of 24-35. The cohort had an average work experience of 4.5 years. The GMAT range (middle 80%) was 540-780. The class had 30% of women. Non-Canadians comprised 23% of the cohort.
While Canadians were in a majority at 59%, Indians came next at 16%, Chinese and Nigerians at 5% each. Others (15%) comprised students from Brazil, Colombia, Lebanon, Pakistan, Peru, Singapore, Sri Lanka, Ukraine, United States, Venezuela, and Vietnam.
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