2023–24 Employment Report Shows Record Salaries for UVA Darden Class of 2023

16 October 2023

By Lindsey Navin

The 2023-24 University of Virginia Darden School of Business Full-Time MBA Employment Report reflects a positive outlook for Class of 2023 graduates entering the ever-shifting jobs market.

"Darden’s Full-Time MBA Class of 2023 received the highest mean starting salary in school history for the fifth consecutive year, with an average base salary of $167,899."

“The notable achievements of our most recent graduating class are a testament to the hard work Darden students put forward each day in pursuit of their ambitious career goals,” said Assistant Dean of the Career Center Jeff McNish. “Our tremendous Career Center staff, dedicated alumni network and supportive faculty all come together to ensure that Darden graduates are able to access valuable employment opportunities and achieve positive outcomes.”

The report tracks employment outcomes for Full-Time MBA students in the Class of 2023 and internship placements for the Class of 2024.

Noted below are key highlights from the report.

Highest Base Starting Salaries

Darden’s Full-Time MBA Class of 2023 received the highest mean starting salary in school history for the fifth consecutive year, with an average base salary of $167,899.

The median starting salary remained at a record high of $175,000 for the second year in a row.

In September, Bloomberg Businessweek ranked Darden the No. 3 business school in the U.S., driven primarily by metrics of learning, networking and compensation.

Continued Success in Offers Accepted

The 2023 Class maintained a high percentage of job offers accepted within 90 days after graduation, with 94.5 percent of graduates accepting a full-time job offer in that period. 95.8 percent of the students received at least one job offer within 90 days of graduation.

During the summer of 2023, 100 percent of the Full-Time MBA Class of 2024 completed an internship.

Denise Karaoli career consutling with students

Leaders in Top Industries and Global Companies

Graduates entered top industries at the highest rates in recent years. Of the top industries, 46.3 percent of graduates entered consulting, 26.2 percent entered financial services, and 10.5 percent entered the technology industry.

Darden’s most recent alumni can be found working across the U.S. in the Northeast (32.6 percent), Mid-Atlantic (22.7 percent), South (12.8 percent), Southwest (10.9 percent), West (10.5 percent), and Midwest (8 percent).

They will be joining leading global companies, including Amazon, Bank of America, Boston Consulting Group, McKinsey, JP Morgan Chase, Microsoft, Wells Fargo, Bain and more.

The comprehensive Full-Time MBA Class of 2023 Employment Report and Class of 2024 Internship Report is now available.

The application for admission for the Full-Time MBA Class of 2026 is now open.

About the University of Virginia Darden School of Business

The University of Virginia Darden School of Business prepares responsible global leaders through unparalleled transformational learning experiences. Darden’s graduate degree programs (MBA, MSBA and Ph.D.) and Executive Education & Lifelong Learning programs offered by the Darden School Foundation set the stage for a lifetime of career advancement and impact. Darden’s top-ranked faculty, renowned for teaching excellence, inspires and shapes modern business leadership worldwide through research, thought leadership and business publishing. Darden has Grounds in Charlottesville, Virginia, and the Washington, D.C., area and a global community that includes 18,000 alumni in 90 countries. Darden was established in 1955 at the University of Virginia, a top public university founded by Thomas Jefferson in 1819 in Charlottesville, Virginia.


Press Contact

Molly Mitchell
Associate Director of Content Marketing and Social Media
Darden School of Business
University of Virginia