THE FULL-TIME JOB HUNT
| Graduating class seeking employment (1) | | 93% |
Graduates who: |
 | received their first job offer by graduation | 73% |
| received their first job offer within the first three months after graduation | 89% |
| were company sponsored, or already employed (2) | 0% |
| were continuing their education (after graduation) (3) | 1% |
| were starting a new business (4) | 2% |
| postponed their job search | 1% |
| did not seek employment for other reasons | 0% |
| |
| Number of companies that recruited second-year students on campus in past academic year | 409 |
(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. Citigroup/Citibank |
38 |
| 2. Deutsche Bank |
22 |
| 3. Goldman Sachs |
18 |
| 4. Lehman Brothers |
16 |
| 5. Merrill Lynch |
14 |
| 6. Bear, Stearns |
14 |
| 7. JP Morgan Chase |
13 |
| 8. McKinsey |
12 |
| 9. Morgan Stanley Dean Witter |
12 |
| 10. Credit Suisse First Boston |
11 |
| 11. General Electric |
8 |
| 12. UBS Warburg |
9 |
| 13. Bain |
8 |
| 14. Boston Consulting Group |
8 |
| 15. Bank of America |
7 |
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
|
$92,000 |
Median starting-base salary (excluding bonuses) for the Class of 2002
|
$90,000 |
Average first-year signing bonus
|
$25,000 |
Median first-year signing bonus
|
$25,000 |
Job-accepting graduates who received a signing bonus
|
80% |
(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
|
$25,000 |
Median other compensation
|
$36,000 |
Median MBA loans
|
$50,000 |
Average number of job offers at graduation
|
1.4 |
Average living expenses (not including tuition) over course of program
|
$59,287 |
Summer internship resulted in full-time employment
|
38% |
CAREER DIRECTIONS
Graduates accepting jobs in the following fields:
n/a
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 5% |
| Central/South America, Mexico | 3% |
| Eastern Europe | 1% |
| Middle East | 0% |
North America
(Canada: 0% / U.S.: 100%) | 80% |
| Oceania | 0% |
| Western Europe | 11% |
Within North America:
| Canada | 0% |
| Mid-Atlantic U.S. | 1% |
| Midwest U.S. | 5% |
| Northeast U.S. | 89% |
| South U.S. | 2% |
| Southwest U.S. | 1% |
| U.S. Possessions and territories | 0% |
| West U.S. | 2% |
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 324
Top 15 recruiting firms:
| Firm | Interns Hired |
| 1. Goldman Sachs |
30 |
| 2. Merrill Lynch |
28 |
| 3. UBS Warburg |
21 |
| 4. American Express |
14 |
| 5. Citigroup/Citibank |
13 |
| 6. Deutsche Bank |
13 |
| 7. Morgan Stanley |
12 |
| 8. Pfizer |
12 |
| 9. JP Morgan Chase |
11 |
| 10. Credit Suisse |
10 |
| 11. Lehman Brothers |
10 |
| 12. Bear, Stearns |
9 |
| 13. McKinsey |
7 |
| 14. Unilever |
7 |
| 15. Booz Allen |
6 |
Internship compensation:
| Paid internships |
98% |
| Average internship compensation |
$5,917 |
| Median internship compensation |
$6,500 |
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
| Destination | Month offered | Paid for by B-School |
Silicon Valley
|
Jan. |
n/a |
European Society
|
Nov. |
n/a |
Los Angeles
|
Jan. |
n/a |
TECHNOLOGY
Wireless network in main buildings: No
School's investment in technology over the past three years: $12,000,000
Technology changes made over the past three years:
Upgraded the Media Control Center in the Business/Law building
Installed multimedia equipment in all conference rooms
Created a pilot video-streaming server
Upgraded the network wiring for students and administrators to Category-5
Upgraded all network devices to high-speed switching with gigabit connectivity to the University backbone
Upgraded 10 servers and created 7 new ones
Added 30 computer kiosks for to give students easy access to email and Web-browsing
Provided high-end Pentium computers to all PhD students on campus
Doubled the number of public printers dedicated to students
Upgraded the Central Research Computer for faculty and PhD research
Installed Xerox printer/copiers on all of the faculty floors
Re-architected the networking in one classroom, putting data and power at every seat instead of around the perimeter
Added wireless networking to public study spaces on the first floor of Uris Hall
Added a third "human subjects" lab
Replaced and upgraded network wiring in three classrooms
Replaced the faculty notebook loaner pool
Upgraded 25% of the personal computers in the school every year
Upgraded network wiring for three research centers and ½ floor of faculty offices
Extended the online Admissions experience to include Web sites for Admitted Students and Committed Students
Developed a "virtual" Financial Markets Laboratory
Introduced extensive course management system
Introduced a web portal front end (myGSB) to consolidate access to all Business School academic and non-academic information for students
Created online pre-term classes for entering MBA students
Extended lifetime e-mail forwarding
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://www.gsb.columbia.edu/alumni
Current MBA students given access to alumni database? Yes
The B-school has awarded 35,627 MBA degrees since its founding. It has 27,650 living MBA alumni, and 41 MBA club(s) in 27 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. $150, and a mean gift of U.S. $5,014. As of Jan. 2000 the B-school has not received a gift in excess of U.S. $10 million, and the B-school's total endowment is U.S. $207,000,000
Information found in this survey was provided on behalf of the B-school by Maria Graham
|
=Subscribers Only
Copyright 2002, Bloomberg L.P.
