THE FULL-TIME JOB HUNT
| Graduating class seeking employment (1) | | 81% |
| Graduates who received their first job offer by graduation | 91% |
| Graduates who received their first job offer within the first three months after graduation | 4% |
| Graduates who were company sponsored, or already employed (2) | 6% |
| Graduates who were continuing their education (after graduation) (3) | 1% |
| Graduates who were starting a new business (4) | 1% |
| |
| Number of companies that recruited second-year students on campus in past academic year | n/a |
(1) Seeking full-time professional employment.
(2) Includes graduates whose studies were financially sponsored by their employers and are returning to those employers, or who were employed while a student and will continue working for that employer.
(3) Enrolled/will enroll in further graduate studies.
(4) Starting a new business as owner. Does not include students accepting jobs with a salary in a new (startup) business.
Top 15 recruiting firms that hired the most graduates in the past 12 months and the number of students hired:
| Firm | Graduates Hired |
| 1. McKinsey & Co. |
26 |
| 2. Booz Allen & Hamilton |
15 |
| 3. Boston Consulting Group |
11 |
| 4. Merrill Lynch |
10 |
| 5. Morgan Stanley Dean Witter |
9 |
| 6. Goldman, Sachs & Co. |
8 |
| 7. A.T. Kearney, Inc. |
7 |
| 8. Bain & Co. |
7 |
| 9. Microsoft Corporation |
6 |
| 10. J.P. Morgan Chase |
5 |
| 11. Diamond Technology International |
5 |
| 12. Deloitte Consulting |
5 |
| 13. Intel Corporation |
4 |
| 14. Citigroup/Salomon Smith Barney |
4 |
| 15. United Technologies Corp. |
4 |
 | U.S. | Non-U.S. | Total
Graduates |
Average starting-base salary (1) (exluding bonuses) for the Class of 2001
| n/a | n/a | $95,449 |
Median starting-base salary (excluding bonuses) for the Class of 2001
| n/a | n/a | $92,500 |
Average first-year signing bonus
| n/a | n/a | $27,250 |
Median first-year signing bonus
| n/a | n/a | $25,000 |
Job-accepting graduates who received a signing bonus
| n/a | n/a | 79% |
Graduates receiving other guaranteed compensation (2)
| n/a | n/a | 48% |
Graduates that found jobs through their first-year internships
| -- | -- | 26% |
(1) Base salary excludes bonuses, commissions, and other compensation. Should be reported in U.S. dollars.
(2) Benefits and perquisites (company cars, equipment, membership, etc.) are not equated to cash and are not included in compensation. May include other taxable payroll compensation such as a guaranteed annual bonus, and guaranteed "overtime" compensation.
CAREER DIRECTIONS
Graduates accepting jobs in the following fields:
| Consulting | 41% |
| Finance/Accounting | 30% |
| General Management | 8% |
| Human Resources | 0% |
| Marketing/Sales | 8% |
| MIS | 0% |
| Operations/Logistics | 9% |
| Other | 3% |
Graduates accepting jobs in the following industries:
| Financial Services | 20% |
| Government (federal, state, local, military) | n/a |
| Manufacturing | 25% |
| Nonprofit (trade associations, religious organizations, charities) | 0% |
| Other Services | 14% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 5% |
| Central/South America, Mexico | 4% |
| Eastern Europe | 1% |
| Middle East | n/a |
North America
(Canada: n/a / U.S.: n/a ) | 71% |
| Oceania | 0% |
| Western Europe | 7% |
Within North America:
| Canada | n/a |
| Mid-Atlantic U.S. | 2% |
| Midwest U.S. | 4% |
| Northeast U.S. | 45% |
| South U.S. | 2% |
| Southwest U.S. | 4% |
| U.S. Possessions and territories | 0% |
| West U.S. | 14% |
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: n/a
Top 15 recruiting firms:
| Firm | Interns Hired |
| 1. Merrill Lynch |
19 |
| 2. Goldman, Sachs & Co. |
17 |
| 3. IBM |
14 |
| 4. Booz, Allen & Hamilton |
13 |
| 5. McKinsey & Co. |
13 |
| 6. Boston Consulting Group |
10 |
| 7. Thomson Corp. |
8 |
| 8. Lehman Brothers |
7 |
| 9. Accenture |
7 |
| 10. Raytheon |
7 |
| 11. Johnson & Johnson |
6 |
| 12. Bain & Co. |
6 |
| 13. Citigroup/Solomon, Smith, Barney |
6 |
| 14. Deloitte Consulting |
5 |
| 15. Microsoft Corporation |
4 |
Internship compensation:
| U.S. | Non-U.S. | Total
Graduates |
Paid internships
| -- | -- | 100% |
Average internship compensation
| n/a | n/a | $6,685 |
Median internship compensation
| n/a | n/a | $6,640 |
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
| Destination | Month offered | Paid for by B-School |
NY Banking Day
|
Nov. |
Yes |
Media Tech Trek (CA)
|
Jan. |
No |
Media Tech Trek (Boston/NY)
|
n/a |
No |
EuroTrek
|
Nov. |
Yes |
Atlanta Consortium
|
Nov. |
Yes |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $3,000,000
Technology changes made over the past three years:
The school created a wireless network, doubled IT staff, added 30 servers, replaced all student lab PCs, added on-line alumni directory, and e-mail forwarding for life. It developed a community web portal (SloanSpace)for electrontic course delivery and community building.
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? Yes
Alumni networking Web site:
mitsloan.mit.edu/alum/postfind.html
Current MBAs given access to alumni database? Yes
The B-school has awarded 7,100 MBA degrees since its founding. It has 7,719 living MBA alumni, and 24 MBA club(s) in 7 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 25% of alumni gave to the school's fundraising efforts. They gave a median gift of U.S. $100, and a mean gift of U.S. $3,556. The school has received a gift in excess of U.S. $10 million since 1999, and the B-school endowment is U.S. $402,000,000
Information found in this survey was provided on behalf of the B-school by Peter Maher
|
=Subscribers Only
Copyright 2001 , by The McGraw-Hill Companies Inc. All rights reserved.
MBA Insider
