GRADUATING MAGNA CUM MONEY
THE CLASS OF 1997 MBAS WILL vouch that more is better. Corporate recruiters snapped up graduates at a record pace this year and paid them record salaries. That's according to an informal survey of 8 of the top 10 graduate programs in BUSINESS WEEK's 1996 ranking.
In pay, consulting jobs led the pack: Whar- ton reported starting salaries of $90,000. But finance came on strong. Wharton salary offers for finance jobs jumped from $65,000 to $75,000 in the past year alone. Because the competition was so fierce, manufacturers used enticements more common to big Wall Street spenders, such as signing bonuses and college tuition reimbursement.
Telecom, software, and new media companies were particularly active on campus. But several West Coast companies arrived too late. At Dartmouth's Amos Tuck School, high-tech companies found many grads were already hooked during the first semester. Seeking entrepreneurial experience, 60 Michigan students hit Silicon Valley this spring. The result: Only three took jobs.
EDITED BY PAT WECHSLER
Updated June 23, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.