Full-time MBA — Class of 2025
For the Class of 2025, students were aware of the contracting job market and focused their search on more stable industries with steady hiring. While the market has not returned to previous hiring levels, we did see stronger conversion offers (81% of eligible students received a conversion offer compared to only 61% in 2024), leading to an increase in students securing roles by graduation and the class ultimately landed at 90% employed by the end of the 3-month reporting period. In line with ASU’s reputation for entrepreneurship and innovation, 7% of Class of 2025 graduates reported starting a business post-graduation.
Full-time accepted offers
90%
90 days post-graduation
72%
At graduation
$121,116
Average base salary
Example MBA employers*
Amazon | Applied Materials | Microsoft | Raytheon
*This list represents employers who hired more than 1 student from the Full-time MBA Class of 2025. Due to market shifts and employer needs, we cannot guarantee that these employers will hire future MBA talent.
Outcomes by function and industry
Operations and logistics roles continue to be the most secured function for Full-time MBA students, at 50% this year and 45% in 2024. Similarly, students who accepted a role in this functional area had a mean salary above our total average for the class, showcasing strong opportunities for students. There was a 16% increase in students accepting roles in the finance/accounting function this year, with half of those coming from internship conversions. This can be attributed to an increased interest in that sector from this class from the start of the program.
The top two industries where students secured opportunities from this class are technology (+7%) and manufacturing (-4%). Additionally, we observed equal reported outcomes across energy (+8%), financial services (+1%), and healthcare (+3%). Manufacturing has remained a top industry of choice for students for over three years due to its stability and strong supply chain opportunities. Students who accepted roles in the technology industry reported a mean salary well above the mean for the class as a whole, showcasing an area for continued opportunities for students. Within each industry, multiple functions may be represented.
Function

Industry

2025 key initiatives
This year’s priorities focused on employing multiple channels of communication and engagement with students, extending our first-year career course to span the entire first year of the program, and streamlining our tracking of entrepreneurship involvement and resources. This allowed for more regular touchpoints to share market and hiring trends with students and time for them to continue refining their career capabilities. In addition, with an increase in students involved in start-ups during their program, we have added questions to our employment survey to gather information on all forms of involvement.
Entrepreneurship focus
With an increased focus on entrepreneurship both in and out of the classroom, our team made it a priority to partner more closely with the Center for Entrepreneurship and the Entrepreneurship Club to ensure resources were more accessible to students interested in this area. Our team also developed new mechanisms to collect this data in other areas by adding targeted questions to their internship and full-time employment reporting surveys, which will help us better track all students involved in entrepreneurship outside of a formal internship.
Extended career courses
Starting in the 2024–2025 academic year, our career courses in the program’s first year now extend from Q1 to Q4, rather than only in Q1 and Q3. This extended time with students allowed us to have continual touch points as they navigated their career development and internship search, and enabled coaches to work more closely with those still seeking internships in late spring. For the fall course, we added additional course content to break down networking into manageable skills, including content and assignments on cover letter writing and how to tailor resumes, as well as infusing more content on career communications.
For the spring semester, we incorporated our job club and coaching into the course for students who were still seeking internships by mid-March. This allowed students to focus more on their internship search each week, as it was now required as part of their course. With this, we saw that 90% of students secured their internships by May 15th, compared to only 76% by the same time in the previous year.
Communication and engagement channels
Over the last two years, with a rapidly shifting market, we have observed that many students have not adjusted their job search strategies to align with these changes. Last year, we shared employment data and current market trends through multiple channels to ensure students were aware of the market impact on hiring and industries/employers, potentially providing stronger job stability.
The goal was to create a sense of partnership with the coaches, leading to more open communication throughout the year as students navigated current job offers and the job market. Lastly, we launched a monthly career status meeting with key Full-time MBA stakeholders to engage further and support students seeking post-graduation jobs.
“The support is there to help you make the most of your education and career outcomes.” — Mel Collins, MBA ’25
Specialized master’s – Class of 2025
The W. P. Carey Career Services Center has committed to enacting our school’s commitment to being Where Business is PersonalⓇ while delivering valuable programs at scale. The overarching goal is to create tailored and relevant opportunities for students and employers to connect.
Outcomes by program
Full-time accepted offers
55%
at graduation
97%
6-months post-graduation
$67,466
average base salary
Example MACC employers
Deloitte | Eide Bailly | EY | KPMG | Moss Adams | PwC
Full-time accepted offers
9%
at graduation
95%
6-months post-graduation
$80,812
average base salary
Example MS-BA employers
Arizona State University | Amazon | Digitech Services | Gabriel AI
Full-time accepted offers
14%
at graduation
92%
6-months post-graduation
$67,490
average base salary
Example MS-FIN employers
Bright Mind Enrichment and Schooling | Chen & Fan Accountancy Corporation | Globe Life (THE POE AGENCY) | GV Black Capital | Plastipak Packaging | Springer Capital Investments
Full-time accepted offers
11%
at graduation
97%
6-months post-graduation
$67,466
average base salary
Example MS-SCM employers
Amazon | Arizona State University | Q-Edge Corporation | Quanta Manufacturing Nashville | Walmart
Full-time accepted offers
44%
at graduation
85%
6-months post-graduation
$81,760
average base salary
Example MS-AIB industries
Government | Technology
Full-time accepted offers – Class of 2024*
30%
at graduation
87%
6-months post-graduation
$57,666
average base salary
Example MS-ISM employers
Arizona State University | Grey-box
*Specialized master’s Class of ’25 data includes MS-ISM data from the Class of ’24, per the reporting standards.
Full-time accepted offers – Class of 2025
5%
at graduation
32%
6-months post-graduation
Full-time accepted offers
50%
at graduation
67%
6-months post-graduation
Example MRED industry
Real Estate
Full-time accepted offers
85%
at graduation
100%
6-months post-graduation
$71,153
average base salary
Example MTAX employers
Deloitte | HCTV | PwC | RSM
*Due to market shifts and employer needs, we cannot guarantee that all employers listed as example employers will hire future specialized master’s talent.
Undergraduate – Class of 2025
We saw continued success as the Class of 2025 navigated a complex market, with an 2% increase in students reporting accepting an offer within six months of graduating compared to the year prior. While there was more diversity in the states our students selected last year, 77% of our students who reported are working in Arizona, California, or Texas.
Full-time accepted offers
93%
6-months post-graduation
$59,112
average salary
*This year, we began using a new methodology to systematically remove outlier inputs from our salary data. Calculations have been adjusted to this new methodology, but note that average salaries may differ when comparing contents of this report to the Class of ‘24 annual data previously published.
Example undergraduate employers*
Amazon | Arizona State University | Charles Schwab & Co. | Starbucks Coffee Company | Vanguard
*This list represents employers who have frequently recruited W. P. Carey undergraduate students in the past. Due to market shifts and employer needs, we cannot guarantee that these employers will hire future undergraduate talent.
Outcomes by industry
Financial services continues to be an area of interest for both BS and BA students, with 18% of graduates working in this industry. Other top industries for the Class of 2025 include:
- Hospitality
- Government
- Real Estate
- Technology
Top industries include any that hired 150+ students in the 2024-2025 reporting year.