THE FULL-TIME JOB HUNT
| Graduating class seeking employment (1) | | n/a |
Graduates who: |
 | received their first job offer by graduation | 79% |
| received their first job offer within the first three months after graduation | 87% |
| were company sponsored, or already employed (2) | 3% |
| were continuing their education (after graduation) (3) | 1% |
| were starting a new business (4) | 1% |
| postponed their job search | 4% |
| did not seek employment for other reasons | 4% |
| |
| 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. Citigroup |
8 |
| 2. Lehman Bros |
7 |
| 3. Merrill Lynch |
7 |
| 4. United Technologies Corp |
6 |
| 5. J.P.Morgan |
5 |
| 6. Colfax Corporation |
4 |
| 7. Conoco |
4 |
| 8. AT Kearney |
3 |
| 9. CS First Boston |
3 |
| 10. Booz-Allen Hamilton |
3 |
| 11. IBM Strategy & Change Org. |
3 |
| 12. Duke Energy |
3 |
| 13. First Annapolis Consulting |
3 |
| 14. General Mills |
3 |
| 15. Pfizer |
3 |
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
|
$84,302 |
Median starting-base salary (excluding bonuses) for the Class of 2002
|
$85,000 |
Average first-year signing bonus
|
$15,000 |
Median first-year signing bonus
|
$15,000 |
Job-accepting graduates who received a signing bonus
|
78% |
(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
|
$31,000 |
Average number of job offers at graduation
|
1.5 |
Average living expenses (not including tuition) over course of program
|
$38,416 |
Summer internship resulted in full-time employment
|
40% |
CAREER DIRECTIONS
Graduates accepting jobs in the following fields:
| Administrative and Support Services |
23% |
| Banking/Mortgage (Investment banking, etc.) |
15% |
| Consulting Services (management consulting, strategic planning, product management, etc.) |
11% |
| Finance/Economics |
15% |
| Financial Services |
5% |
| Human Resources |
1% |
| Law Enforcement, and Security |
1% |
| Marketing |
5% |
| Other |
8% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 4% |
| Central/South America, Mexico | 3% |
| Eastern Europe | 0% |
| Middle East | 0% |
North America
(Canada: 0% / U.S.: 100%) | 70% |
| Oceania | 0% |
| Western Europe | 3% |
Within North America:
| Canada | 0% |
| Mid-Atlantic U.S. | 21% |
| Midwest U.S. | 4% |
| Northeast U.S. | 28% |
| South U.S. | 10% |
| Southwest U.S. | 6% |
| 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: n/a
Top 15 recruiting firms:
| Firm | Interns Hired |
| 1. Deutsche Banc Alex Brown |
8 |
| 2. J.P.Morgan |
7 |
| 3. Colfax Corporation |
6 |
| 4. Booz-Allen Hamilton |
5 |
| 5. Wal-Mart |
4 |
| 6. Wyeth-Ayerst Pharmaceuticals |
4 |
| 7. ZS Associates |
4 |
| 8. Deloitte Consulting |
3 |
| 9. Johnson & Johnson |
3 |
| 10. Dell Computer Corporation |
2 |
| 11. General Motors Corporation |
2 |
| 12. Capital One Financial Corporation |
2 |
| 13. IBM Corporation |
2 |
| 14. The Hartford |
2 |
| 15. Wachovia Securities |
2 |
Internship compensation:
| Paid internships |
93% |
| Average internship compensation |
$5,417 |
| Median internship compensation |
$5,907 |
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
| Destination | Month offered | Paid for by B-School |
Week on Wall Street
|
Dec. |
No |
International Career Fair (Darden, Duke, UNC)
|
Feb. |
Yes |
Week in London
|
Dec. |
No |
NSHMBA
|
Oct. |
No |
NBMBA
|
Sept. |
No |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $10,500,000
Technology changes made over the past three years:
Online admissions, class registration, career services, community calendar, and alumni networking systems are being converted to a Java platform. An information portal delivers scheduling, assignment, community and messaging services to student, faculty and staff. The Darden Instructional Technology group has produced more than 50 multimedia cases, online modules, and simulations since 1999. All classroom seats are wired, and Darden's Internet access has been upgraded to one gigabit. Wireless access is provided in student areas. Darden provides world class support for the student notebook package including loaner machines to keep students productive. Digital video editing facilities are available to students. Digital still and video cameras are available for student check out. A 500-seat state-of-the-art multimedia auditorium, complete with broadcast capabilities, has just been completed (March 2002). Four additional technology-equipped classrooms are to be opened in January 2003.
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://www2.darden.virginia.edu/alumni
Current MBA students given access to alumni database? Yes
The B-school has awarded 6,928 MBA degrees since its founding. It has 6,817 living MBA alumni, and 27 MBA club(s) in 9 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 37% of alumni gave to the school's fundraising efforts. They gave a median gift of U.S. $250, and a mean gift of U.S. $3,445. 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. $239,963,920
Information found in this survey was provided on behalf of the B-school by Seamane Flanagan
|
=Subscribers Only
Copyright 2002, Bloomberg L.P.
