THE FULL-TIME JOB HUNT
| Graduating class seeking employment (1) | | 91% |
| Graduates who received their first job offer by graduation | 88% |
| Graduates who received their first job offer within the first three months after graduation | 89% |
| Graduates who were company sponsored, or already employed (2) | 5% |
| 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 | 429 |
(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 & Company |
86 |
| 2. Bain & Company |
39 |
| 3. Goldman Sachs & Company |
31 |
| 4. Boston Consulting Group |
23 |
| 5. J.P. Morgan, Chase & Company |
23 |
| 6. Credit Suisse First Boston |
22 |
| 7. Morgan Stanley |
21 |
| 8. Deloitte Consulting |
19 |
| 9. Merrill Lynch & Company |
19 |
| 10. Accenture |
17 |
| 11. Lehmam Brothers |
17 |
| 12. Booz Allen Hamilton |
14 |
| 13. A.T. Kearney, Inc. |
11 |
| 14. Deutsch Bank/Alex Brown |
10 |
| 15. Siebel S ystems, Inc. |
10 |
 | U.S. | Non-U.S. | Total
Graduates |
Average starting-base salary (1) (exluding bonuses) for the Class of 2001
| $98,218 | $96,953 | $97,711 |
Median starting-base salary (excluding bonuses) for the Class of 2001
| $95,000 | $97,000 | $95,000 |
Average first-year signing bonus
| $25,834 | $25,720 | $25,789 |
Median first-year signing bonus
| $25,000 | $25,000 | $25,000 |
Job-accepting graduates who received a signing bonus
| 90% | 88% | 89% |
Graduates receiving other guaranteed compensation (2)
| n/a | n/a | n/a |
Graduates that found jobs through their first-year internships
| -- | -- | 40% |
(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 | n/a |
| Finance/Accounting | n/a |
| General Management | n/a |
| Human Resources | n/a |
| Marketing/Sales | n/a |
| MIS | n/a |
| Operations/Logistics | n/a |
| Other | n/a |
Graduates accepting jobs in the following industries:
| Financial Services | n/a |
| Government (federal, state, local, military) | n/a |
| Manufacturing | n/a |
| Nonprofit (trade associations, religious organizations, charities) | n/a |
| Other Services | n/a |
Graduates accepting jobs in the following regions:
| Africa | 1% |
| Asia | 7% |
| Central/South America, Mexico | 2% |
| Eastern Europe | 1% |
| Middle East | 7% |
North America
(Canada: 1% / U.S.: 99%) | 1% |
| Oceania | 1% |
| Western Europe | 7% |
Within North America:
| Canada | 1% |
| Mid-Atlantic U.S. | 7% |
| Midwest U.S. | 7% |
| Northeast U.S. | 44% |
| South U.S. | 3% |
| Southwest U.S. | 2% |
| U.S. Possessions and territories | n/a |
| West U.S. | 18% |
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 372
Top 15 recruiting firms:
| Firm | Interns Hired |
| 1. Merrill Lynch & Company |
42 |
| 2. Goldman Sachs & Company |
39 |
| 3. McKinsey and Company |
39 |
| 4. J.P. Morgan |
26 |
| 5. A.T. Kearney Inc. |
24 |
| 6. Bain & Company |
22 |
| 7. Deutsche Bank/ Alex Brown |
21 |
| 8. Deloitte Consulting |
20 |
| 9. Credit Suisse - First Boston |
19 |
| 10. Leham Brothers |
19 |
| 11. Morgan Stanley |
19 |
| 12. Boston Consulting Group |
18 |
| 13. Solomon Smith Barney |
18 |
| 14. Booz Allen Hamilton |
17 |
| 15. General Motors |
11 |
Internship compensation:
| U.S. | Non-U.S. | Total
Graduates |
Paid internships
| -- | -- | 100% |
Average internship compensation
| $6,780 | $7,008 | $6,808 |
Median internship compensation
| $6,645 | $7,000 | $7,000 |
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
| Destination | Month offered | Paid for by B-School |
Philadelphia Trek (85/28)
|
Oct. |
No |
New York Trek (177/40)
|
Oct. |
No |
Washington D.C. Trek (39/16)
|
Mar. |
No |
Boston (50/91)
|
Mar. |
No |
San Francisco (220/115)
|
Mar. |
No |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $11,000,000
Technology changes made over the past three years:
In the past year the Wharton School's major IT initiatives have extended the reach of the Wharton School in four major arenas: Global Presence, Lifelong Affiliation, Leading Reasearch, and Innovative Instruction. Global Presence: Through Wharton's alliance with INSEAD, the two schools have used real-time conferencing and collaboration tools to teach classes jointly with students in Philadelphia and Fontainebleau, France. Wharton's CyberExchange provides students with the opportunity to participate in interactive case discussions in separate classrooms on two continents. Lifelong Affiliation: Wharton's suite of electronic tools for communication and learning have continued to advance with new versions of Wharton's Student-2-Student web site for potential students, current students,and for alumni. Learning: With a $10-Million gift from Alumnus Alfred West Jr. Wharton's Learning Lab is exploring a new paradigm for learning and instruction be leveraging the School's expertise in technology and learning science. Research: Wharton Research Data Service (WRDS) has become the de-facto standard for large-scale academic data research, providing instant Web access to financial and business datasets for most top-tier business schools, including 21 of the top 25 schools in the most recent BusinessWeek ranking. WRDS' access is now licensed to 59 academic institutions including Stanford University Graduate School of Business, MIT's Sloan School, Harvard University Graduate School of Business Administration.
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? No
Alumni networking Web site:
wave.wharton.upenn.edu/
Current MBAs given access to alumni database? Yes
The B-school has awarded 34,291 MBA degrees since its founding. It has 32,826 living MBA alumni, and 79 MBA club(s) in 45 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, n/a of alumni gave to the school's fundraising efforts. They gave a median gift of U.S. n/a, and a mean gift of U.S. n/a. The school has not received a gift in excess of U.S. $10 million since 1999, and the B-school endowment is U.S. $359,100,000
Information found in this survey was provided on behalf of the B-school by Michael Baltes
|
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Copyright 2001, Bloomberg L.P.
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