Not sure if this is going to be status quo for reporting post-MBA placement data going forward at all schools, but we first noticed this in the Darden Class of 2018 Employment Report and wanted to give a shout-out. This is useful indeed!
In their list of employers who hired grads from their most recent class, they identified two types of firms that you may be interested in reviewing:
Companies Hiring International Students
B of A Merrill Lynch
Central JD Commerce
China Merchants Group
Restaurant Brands International
Companies Hiring International Students for a U.S. Location
B of A Merrill Lynch
Unfortunately this data is limited; it does not tell us how many grads each of these companies hired, nor does it tell us which ex-US locations the companies in the top list hired into. We also don’t know if any of these firms had sponsored their student and was bringing that person back, or if any job opportunities were sourced independently by the students themselves. That data would have been useful as well.
There are some firms here that EssaySnark had never heard of, which makes us suspect that not all of these jobs came through the school’s on-campus recruiting, which tends to attract the largest corporations that have need for hiring many employees at a time. So, just because one grad in 2018 landed a job at a certain company doesn’t really mean that that school will be a channel in to that company in the future. We also don’t know if these firms had different hiring practices with the international student base at other U.S. MBA programs.
But the mere fact that Darden has provided this is super helpful!
By contrast, HBS just lists out pages and pages of company names (including we could not help but notice JUUL Labs? it’s interesting to see what firms show up there!).
We’ve been tracking these issues for awhile because they matter so much to so many Brave Supplicants.
Hiring practices out of top business schools largely depend on two factors: The economy, and a new lever that we had not before appreciated, political environment.
In a typical economic downturn, one of the first things to occur is for companies to freeze their hiring. This often goes along with a decision to put international expansion plans on ice. If those decisions are made in the corner offices of large corporations, then on-campus recruiting is one of the first places it shows up (not just MBA programs, but colleges and universities hiring out of bachelor programs too).
With all the ridiculousness happening with the current U.S government, including significant uncertainty on immigration policy and even more so, the perception overseas that America doesn’t want foreigners, it’s remarkable that ANY companies were willing to take on the risk of hiring internationals into their American operations! It’s gratifying that many have been willing to do so, and it mirrors the trend we saw with many American universities which have doubled down on their interest in being open and welcoming to smart students from all over the world.
What you can see from a quick skim of these lists: finance companies were still hiring into the U.S. and some consulting firms were, too.
But let’s look at one more list, which is just as important to study:
Companies that Didn’t Hire International Students (which you might’ve expected they would)
RBC Capital Markets
Wells Fargo Securities
Elsewhere in the Darden report, it says that Strategy& hired 3+ Darden grads however we believe that’s an error and they meant PwC UPDATE: We asked Darden about it and they fixed it!
Again, it’s quite possible that those companies hired international grads from other top bschools, and they just didn’t find a Dardener who they loved.
You can’t draw too many conclusions from the lists.
But they are interesting lists to study nonetheless! The best part is that as of hiring season 2018 (which, you may know, actually occurred primarily in Fall 2017) many companies found reason to bring foreign grads onto their rosters.
These are data we’ll continue to monitor.
Let’s hope these factors outside our control – the economy and politics – continue to cooperate and make these desirable companies eager to snap up you graduating BSers as you put yourself out there!