THE FULL-TIME JOB HUNT
| Graduating class seeking employment (1) | | 93% |
Graduates who: |
 | received their first job offer by graduation | 75% |
| received their first job offer within the first three months after graduation | 82% |
| were company sponsored, or already employed (2) | 2% |
| were continuing their education (after graduation) (3) | 1% |
| were starting a new business (4) | 1% |
| postponed their job search | 1% |
| did not seek employment for other reasons | 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. Merrill Lynch |
22 |
| 2. McKinsey & Company |
14 |
| 3. Goldman, Sachs & Co |
12 |
| 4. A.T. Kearney, Inc. |
11 |
| 5. Credit Suisse First Boston Corp. |
11 |
| 6. J.P. Morgan Chase & Co. |
11 |
| 7. Citigroup/Salomon Smith Barney |
10 |
| 8. Bear, Stearns & Co. |
9 |
| 9. Lehman Brothers |
9 |
| 10. Morgan Stanley |
9 |
| 11. American Electric Power |
8 |
| 12. The Boston Consulting Group |
8 |
| 13. Bain & Company |
7 |
| 14. Deutsche Bank |
7 |
| 15. Banc of America Securities; Kraft Foods; UBS Warburg |
6 |
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
|
$88,176 |
Median starting-base salary (excluding bonuses) for the Class of 2002
|
$85,000 |
Average first-year signing bonus
|
$19,554 |
Median first-year signing bonus
|
$20,000 |
Job-accepting graduates who received a signing bonus
|
72% |
(1) Base salary excludes bonuses, commissions, and other compensation. Should be reported in U.S. dollars.
2002 GRADUATES REPORT
Editor's Note: Based on responses to BusinessWeek's 2002 survey of graduates.
Median starting base-salary
|
$85,000 |
Median signing bonus
|
$20,000 |
Median other compensation
|
$30,000 |
Median MBA loans
|
$66,000 |
Average number of job offers at graduation
|
1.5 |
Average living expenses (not including tuition) over course of program
|
$52,081 |
Summer internship resulted in full-time employment
|
35% |
CAREER DIRECTIONS
Graduates accepting jobs in the following fields:
n/a
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 6% |
| Central/South America, Mexico | 2% |
| Eastern Europe | 1% |
| Middle East | 0% |
North America
(Canada: 3% / U.S.: 97%) | 83% |
| Oceania | 0% |
| Western Europe | 8% |
Within North America:
| Canada | 3% |
| Mid-Atlantic U.S. | 4% |
| Midwest U.S. | 36% |
| Northeast U.S. | 25% |
| South U.S. | 2% |
| Southwest U.S. | 5% |
| U.S. Possessions and territories | 0% |
| West U.S. | 11% |
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 |
16 |
| 2. Citigroup/Salomon Smith Barney |
13 |
| 3. Deutsche Bank |
13 |
| 4. Goldman, Sachs & Co. |
13 |
| 5. Lehman Brothers |
13 |
| 6. J.P. Morgan Chase & Co. |
12 |
| 7. Morgan Stanley |
12 |
| 8. UBS Warburg |
12 |
| 9. Credit Suisse First Boston Corp. |
10 |
| 10. Bear, Stearns & Co |
8 |
| 11. Booz-Allen & Hamilton |
8 |
| 12. Banc of America Securities |
7 |
| 13. McKinsey & Company |
7 |
| 14. Lilly |
6 |
| 15. Deloitte Consulting; Diageo; Kraft Foods; Pfizer |
5 |
Internship compensation:
| Paid internships |
n/a |
| Average internship compensation |
n/a |
| Median internship compensation |
n/a |
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
| Destination | Month offered | Paid for by B-School |
WestQuest
|
n/a |
No |
Bank Week
|
n/a |
No |
Euro Quest
|
n/a |
No |
Media/Entertainment
|
n/a |
No |
Power Quest
|
n/a |
No |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $2,275,000
Technology changes made over the past three years:
A portal was developed and introduced, a new e-mail system was implemented, a wireless network was established in all buildings, classroom technology was upgraded, and the school's network was upgraded.
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? Yes
Alumni networking Web site:
n/a
Current MBA students given access to alumni database? Yes
The B-school has awarded 40,397 MBA degrees since its founding. It has 36,467 living MBA alumni, and 63 MBA club(s) in 29 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 22% 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. $3,525. As of Jan. 2000 the B-school has received a gift in excess of U.S. $10 million, and the B-school's total endowment is U.S. $187,442,847
Information found in this survey was provided on behalf of the B-school by Allan Friedman
|
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Copyright 2002 , by The McGraw-Hill Companies Inc. All rights reserved.
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