received their first job offer within the first three months after graduation
79%
were company sponsored, or already employed (2)
4%
were continuing their education (after graduation) (3)
4%
were starting a new business (4)
3%
postponed their job search
10%
did not seek employment for other reasons
3%
Number of companies that recruited second-year students on campus in past academic year
60
(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
5
2. American Express
4
3. General Electric
4
4. Procter & Gamble
3
5. Barcap
3
6. KPMG
3
7. J.P. Morgan Chase
2
8. Merrill Lynch
2
9. Miller Brewing Co.
2
10. Lehman Bros.
2
11. CSFB
2
12. EXIM Bank
2
13. RGS Associates
2
14. Community Wealth Ventures
2
15. Fannie Mae
2
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
$82,000
Median starting-base salary (excluding bonuses) for the Class of 2002
$81,000
Average first-year signing bonus
$10,881
Median first-year signing bonus
$20,000
Job-accepting graduates who received a signing bonus
40%
(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
$80,000
Median signing bonus
$15,000
Median other compensation
$25,000
Median MBA loans
$50,000
Average number of job offers at graduation
1.1
Average living expenses (not including tuition) over course of program
$46,772
Summer internship resulted in full-time employment
Graduates accepting jobs in the following regions:
Africa
n/a
Asia
3%
Central/South America, Mexico
5%
Eastern Europe
n/a
Middle East
n/a
North America
(Canada: n/a / U.S.: n/a )
85%
Oceania
n/a
Western Europe
6%
Within North America:
Canada
n/a
Mid-Atlantic U.S.
32%
Midwest U.S.
8%
Northeast U.S.
38%
South U.S.
4%
Southwest U.S.
1%
U.S. Possessions and territories
n/a
West U.S.
2%
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 157
Top 15 recruiting firms:
Firm
Interns Hired
1. J.P. Morgan Chase
9
2. Citigroup
5
3. FBR
5
4. Procter & Gamble
4
5. Fannie Mae
4
6. Bank of New York
4
7. Barcap
3
8. Merrill Lynch
3
9. Morgan Stanley
3
10. Pepsi
3
11. AARP
3
12. U.S. Chamber of Commerce
3
13. Miller Brewing Co.
2
14. PriceWaterhouseCoopers
2
15. Akzo Nobel
2
Internship compensation:
Paid internships
92%
Average internship compensation
$12,028
Median internship compensation
$12,000
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
Destination
Month offered
Paid for by B-School
Black MBA
Sept.
No
Wall Street Trek; London Trek; Madrid Trek
Oct.
No
Hispanic MBA; Marketing (NYC) Trek
Nov.
No
Miami Trek; California Trek
Jan.
No
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $900,000
Technology changes made over the past three years:
The school added wireless connectivity in MBA space and computer labs and improved computers and general Lab facilities. The tech support staff was expanded from six to eight. The number and quality of on-line search resources (WRDS, CRSP, Bloomberg, and others) has been expanded.
The school also added an online alumni database (Hoyas On-line), upgraded its Network operating system, and replaced all Network servers. In addition, the school strengthened its business partner relationship with IBM to expand into a Thinkpad University support structure.
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? Yes
Current MBA students given access to alumni database? Yes
The B-school has awarded 2,819 MBA degrees since its founding. It has 2,817 living MBA alumni, and 64 MBA club(s) in 18 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 10% 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. $424. 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. $17,000,000
ADDITIONAL SCHOOL COMMENTS
Partial financial support is offered for Black MBA and Hispanic MBA job-searching trips.
Information found in this survey was provided on behalf of the B-school by Elaine Ruggieri
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Copyright 2002 , by The McGraw-Hill Companies Inc. All rights reserved.
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