Universityof Toronto Rotman Employment and Salary Report PDF

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Rotman Career Services

Employment and Salary Report 2020-2021

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e mploy me nt & salary re po rt

Contents Director’s Message

3

Full-Time MBA Employment

4–5

Full-Time MBA Internships

6–7

Master of Financial Risk Management (MFRM) Employment

8

Master of Financial Risk Management (MFRM) Projects

9

Master of Management Analytics (MMA) Employment

10

Master of Management Analytics (MMA) Practicums

11

Corporate Partnership Opportunities

12

Companies Hiring at Rotman

13–15

Connect with Rotman Career Services

16–17

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e mploy me nt & salary re po rt

Director’s Message It gives me great pleasure to introduce the Rotman School’s Employment and Salary Report for 2020-2021. Whether you’re a young professional considering a Rotman degree program or a corporate recruiter looking to connect with our talented students and graduates, we hope you will find this report informative and useful.

Lyla Korhani

What a year it’s been! While none of us could imagine we would work remotely so long, we have pulled together and come out stronger than ever. At the Career Centre, we are proud of efforts to find our students and graduates meaningful work. Our team immediately transitioned to online service delivery, and our career support intensified. Some highlights:

Director, Career Services Rotman School of Management

•

We launched a Hire a Student LinkedIn Campaign highlighting our 2020 graduates across all programs.

•

We delivered many industry events such as alumni coffee chats, lunch and learns and industry roundtables.

•

We expanded our job leads beyond traditional career paths and shifted focus on emerging industries including technology and healthcare.

And the results speak for themselves. We are excited to announce that during this turbulent year, 89% of our Full-Time MBA graduates secured employment. Our Master of Management Analytics (MMA) graduates achieved 92% employment, and our Master of Financial Risk Management (MFRM) graduates achieved 75% employment. In the year to come, we will continue to honour our promise to our corporate partners to deliver the talent needed in today’s job market and move forward with new and innovative initiatives that will prepare our students for career progression in a wide range of industries. We encourage you to browse through our Recruitment Guide with more details on our 8 graduate level programs and diverse talent pool: www.rotman.utoronto.ca/recruit We look forward to partnering with the next Rotman class and a growing network of employers as our ambitious approach to career services breaks new ground in 2021.

Lyla Korhani Director, Career Services Rotman School of Management

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Full-Time MBA Employment Class of 2020 Profile Full-Time Employment Salaries (CAD) Mean Total Salary (inclusive of base, bonus, and other compensation) Mean Base Salary

$112,897 $99,201

Median Base Salary

Median Signing Bonus Signing Bonus Range

89% of Full-Time MBA students seeking employment were employed by the end of 2020.

$87,000 72% of Full-Time MBA students seeking employment were employed within three months of graduation.

Salary data based on 78% of employed students who reported salary information.

Mean Signing Bonus

Full-Time MBA Employment Rates

$20,829 $15,345 $2,000 – $87,900

20% of employed students who reported salary information received signing bonuses.

Full-Time MBA Employment Salaries by Industry (CAD) Industry

% of Total Employed

Mean

Median

Range

Financial Services

35.2%

$93,784

$88,500

$65,000 – $200,000

Consulting

16.9%

$124,556

$106,000

$70,000 – $210,000

Technology

10.1%

$92,731

$92,000

$60,000 – $140,700

CPG & Retail

8.6%

$80,105

$77,500

$54,600 – $135,000

Other

7.5%

$96,182

$88,500

$60,000 – $200,000

Legal Services

6.4%

$144,092

$91,385

$84,400 – $252,666

Healthcare

5.6%

$87,455

$83,000

$50,000 – $170,000

Real Estate

3.4%

$73,143

$75,000

$55,000 – $87,000

Energy & Natural Resources

2.6%

$91,959

$95,000

$75,000 – $102,000

Entrepreneurship

1.9%

$87,400

$87,000

$70,000 – $110,000

Manufacturing

1.5%

$65,000

$65,000

$65,000 – $65,000

Government

0.4%

Not reported

Not reported

Not reported

Full-Time MBA Employment Salaries by Function Function

% of Total Employed

Mean

Median

Range

Accounting/Finance

31.1%

$92,872

$86,000

$55,000 – $200,000

Strategy

25.8%

$111,115

$95,000

$50,000 – $210,000

Marketing/Sales

13.9%

$84,471

$83,000

$60,000 – $159,131.88

Other

11.2%

$90,577

$87,000

$60,000 – $170,000

General Management

7.9%

$89,016

$87,500

$60,000 – $120,000

6.0%

$148,848

$91,000

$84,400 – $252,666

Operations

3.0%

$100,182

$95,376

$65,000 – $140,700

Business Design

1.1%

$84,667

$90,000

$70,000 – $94,000

Legal Services

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e mploy me nt & salary re po rt

Full-Time MBA

Class profile data is based on the incoming class of 2020 as of August 2018.

Class of 2020 Profile

334

TOTAL STUDENTS

INTERNATIONAL STUDENTS

DOMESTIC STUDENTS

36%

64%

51%

49%

121 WOMEN

213 MEN

1 BscPhm/MBA 25 JD/MBA 7 MGA/MBA 4 Skoll BASc/MBA AVERAGE AGE

27

23

Range 22 – 36

LANGUAGES SPOKEN AVERAGE YEARS WORK EXPERIENCE

39

4.6

PASSPORT S REPRESENTED

Range 0 – 13

AVERAGE GMAT

60%

668 500 – 580

Number of students 1 – 10

11 – 50

50 – 100

BORN OUTSIDE OF CANADA 10%

580 – 730

80%

730 – 780

10%

4% Law 3% Humanities 2% Physical Sciences 27%

AVERAGE UNDERGRAD GPA

9% Life Sciences

Business/Commerce

3.5

ACADEMIC BACKGROUND

8 CREATIVE DESTRUCTION LAB FELLOWS

11% Social Sciences

12% Economics 32% Engineering/Applied Science

1% 2% 2% 2% 3% 3%

2 REACHING OU T MBA (ROBMA) FELLOWS

20% Financial Services

24

Telecommunications Legal Retail Professional Services Government

4% Media, Entertainment

FORTÉ FELLOWS

4% Manufacturing 10% Consulting

6%

INDUSTRY BACKGROUND

4% Education

5% Real Estate

Technology

9% Other

7% Healthcare, Biotech, Pharma 7% Energy, Natural Resources 6% Consumer Goods

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Full-Time MBA Internships Class of 2021 Profile Full-Time MBA Internship Salaries

Internship Employment Rates

Mean Total Monthly Salary (inclusive of base, bonus, and other compensation)

$5,494

Mean Monthly Salary

$5,328

Median Monthly Salary

96% of Full-Time MBA students seeking an internship completed an internship.

$4,800

Salary data based on 72% of employed students who reported salary information.

Full-Time MBA Internships And Monthly Salaries by Industry (CAD) Industry

% of Total Employed

Mean

Median

Range

Financial Services

33.3%

$5,942

$5,400

$3,750 – $16,543

Consulting

21.4%

$7,857

$6,250

$3,200 – $15,600

Other

9.1%

$4,177

$3,550

$586 – $10,000

Technology

8.3%

$4,400

$2,400 – $6,050

CPG & Retail

7.1%

$4,163

$4,314

$3,893

$2,000 – $8,486

Healthcare

6.0%

$3,970

$4,000

$2,850 – $5,000

Entrepreneurship

5.2%

$4,230

$3,600

$3,333 – $7,040

Government

4.8%

$2,821

$2,560

$2,435 – $3,333

Real Estate

2.0%

$3,828

$3,300

$3,200 – $5,600

Energy & Natural Resources

1.6%

$4,500

$4,500

$3,000 – $6,000

Non-Profit

1.2%

$2,569

$2,770

$2,036 – $2,900

Full-Time MBA Internships And Monthly Salaries by Function (CAD) Function

% of Total Employed

Mean

Median

Range

Strategy

30.2%

$6,487

$5,550

$2,500 – $15,600

Financial Roles

27.0%

$5,994

$5,208

$586 – $16,543

Other

17.9%

$4,311

$3,750

$2,400 – $10,000

Marketing

16.3%

$3,997

$4,000

$2,000 – $7,040

General Management

4.4%

$3,682

$4,050

$2,036 – $4,500

Business Design

3.2%

$5,437

$5,850

$2,435 – $8,486

Operations

0.8%

$4,783

$4,783

$4,166 – $5,400

Technology

0.4%

$2,940

$2,940

$2,940 – $2,940

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e mploy me nt & salary re po rt

Full-Time MBA

Class profile data is based on the incoming class of 2021 as of August 2019.

Class of 2021 Profile

295

TOTAL STUDENTS

58%

INTERNATIONAL STUDENTS

DOMESTIC STUDENTS

42%

58%

42%

125 WOMEN 170 MEN

1 BscPhm/MBA 25 JD/MBA 7 MGA/MBA 4 Skoll BASc/MBA AVERAGE AGE

27

44

Range 22 – 36

BIRTH COUNTRIES

AVERAGE YEARS WORK EXPERIENCE

5.0

60% BORN OUTSIDE OF CANADA

Range 0 – 13

AVERAGE GMAT

Number of students

669

1 – 10

500 – 560

2%

560 – 740

90%

740 – 760

8%

Business/Commerce

6% Humanities

3.5

ACADEMIC BACKGROUND

8 CREATIVE DESTRUCTION LAB FELLOWS

50 – 100

1% Law 2% Math / Computer Sciences 2% Physical Sciences 4% Social Sciences 6% Other

32% AVERAGE UNDERGRAD GPA

11 – 50

6% Life Sciences

13% Economics 28% Engineering/Applied Science

1% 2% 2% 2% 2% 3% 3%

2 REACHING OU T MBA (ROBMA) FELLOWS

25% Financial Services

24

Legal Media / Entertainment Hospitality Telecom Government Professional Services Retail

4%

FORTÉ FELLOWS

4% Manufacturing INDUSTRY BACKGROUND

11% Consulting

4% Education 4% Healthcare / Biotech / Pharma 6% Consumer Goods

10% Technology

7% Energy / Natural Resources 10% Other

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Master of Financial Risk Management (MFRM) Class of 2020 Profile MFRM Employment Salaries (CAD) Mean Total Salary (inclusive of base, bonus, and other compensation)

$77,461

Mean Base Salary

$74,464

Median Base Salary

MFRM Employment Rates 75% of MFRM students seeking employment were employed within six months of graduation.

$72,000

Salary Range

$50,000 – $99,000

54% of MFRM students seeking employment were employed within three months of graduation.

Salary data based on 39% of employed students who reported salary information.

60

TOTAL STUDENTS

57%

43%

WOMEN

MEN

MFRM Employment by Industry Industry

% of Total Employed

Finance AVERAGE AGE

24 AVERAGE UNDERGRAD GPA

3.6 AVERAGE GMAT / GRE

703 Not required for admission. Average based on scores from 20% of admitted class.

% WITH WORK EXPERIENCE

38%

63.9%

Consulting

27.8%

Insurance

2.8%

Fintech

2.8%

Fashion

2.8%

% WITH PROFESSIONAL DESIGNATION

38% COUNTRIES REPRESENTED

• • • • • •

Canada China Colombia Germany India Lebanon

• • • • • •

Mexico Pakistan Saudi Arabia Syria Tunisia Yemen

13% Economics

10% Engineering

57% Business / Commerce

ACADEMIC BACKGROUND

10% Math

5% Accounting 3% Statistics 2% Computer Science

e mploy me nt & salary re po rt

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Master of Financial Risk Management (MFRM) Projects 2020 The applied Risk Management Project is a chance for employers to engage students in a real-life business topic that is relevant and of interest to financial institutions. During the nine-week project, which takes place halfway through the program (January – March), students will work alongside practicing risk management professionals. Below is a list of MFRM project sponsors for 2020. Project Sponsors • • • • • • • • • • • • • • • • • • • • •

MFRM 2019-2020 Projects

Bank of Canada Bank of Montreal Canada Life Capital Methods CIBC CPPIB CPQi Canada Ltd EY KPMG Manulife National Bank Ontario Financing Authority Office of the Superintendent for Financial Institutions Ontario Securities Commission Ontario Teachers' Pension Plan OPTrust PwC Royal Bank ScotiaBank Sunlife TD Bank/TD Securities

Industry

% of Total Placed

Financial Services

40%

Consulting

17%

Government

13%

Investment Management

10%

Fintech

10%

Financial Services and Insurance

10%

10% Investment Management

21 PROJECT SPONSORS

10% Fintech

10% Financial Services and Insurance

PROJECT SPONSORS

40% Financial Services

13% Government

17% Consulting

If your organization is interested in sponsoring MFRM projects, please contact our Career Services team at [email protected] Some employers choose to provide compensation to their student teams. You can visit the MFRM program to learn more about the program.

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Master of Management Analytics (MMA) Class of 2020 Profile MMA Employment Salaries (CAD) Mean Total Salary (inclusive of base, bonus, and other compensation)

$79,226

Mean Base Salary

$75,709

Median Base Salary

MMA Employment Rates 92% of MMA students seeking employment were employed within six months of graduation.

$75,000

Salary Range

$48,750 – $115,622

77% of MMA students seeking employment were employed within three months of graduation.

Salary data based on 70% of employed students who reported salary information.

51

TOTAL STUDENTS

49% WOMEN

51% MEN

MMA Employment by Industry Industry Technology

AVERAGE AGE

% WITH WORK EXPERIENCE

24

53%

Range 21 — 27

Range 1 — 4

Finance Consulting Retail

AVERAGE UNDERGRAD GPA

3.6 AVERAGE GMAT / GRE

699

COUNTRIES REPRESENTED

• • • • • • • •

Brazil Canada China India Pakistan Sri Lanka Turkey United States

Not required for admission. Average based on scores from 14% of admitted class.

Healthcare

• • • • • • • • • • • • • • • • • • •

Accounting and Financial Modeling Chemical Engineering Computer Science Economics Electronics Engineering Finance Financial Math Financial Analysis and Risk Management Genetics Industrial Engineering Information Systems Management Marketing Management Math Mechanical Engineering Operations Management Physics Politics and philosophy Software engineering Statistics, Chemistry

26.6% 20.9% 16.3% 14.0% 4.7%

Automotive

2.3%

Banking

2.3%

Hospitality HVAC

2.3% 2.3%

Real Estate

2.3%

Steel

2.3%

Telecom

2.3%

Utilities

ACADEMIC BACKGROUND

% of Total Employed

2.3%

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Master of Management Analytics (MMA) Practicums 2020 The practicum is a critical component of the Masters of Management Analytics program, which runs for the 11-month duration of the program (September – July) and allows students to engage with a real-world business problem. Student teams will apply model and data-based decision making to an organizational challenge to create an effective managerial and analytical solution to provide value to their Practicum Hosts businesses.

Practicum Hosts • • • • • • • • • • • • •

MMA 2019-2020 Practicums Industry

BMO Canadian Tire Bell CIBC DealerFX HSBC MaRS North York General Sun Life TD Teranet Unilever York

% of Total by Industry

Financial Services

33%

Technology

13%

Government/Non-Profit

1...