THE FULL-TIME JOB HUNT
| Graduating class seeking employment (1) | | 86% |
Graduates who: |
 | received their first job offer by graduation | 81% |
| received their first job offer within the first three months after graduation | 88% |
| were company sponsored, or already employed (2) | 8% |
| were continuing their education (after graduation) (3) | 1% |
| were starting a new business (4) | 1% |
| postponed their job search | 2% |
| did not seek employment for other reasons | 2% |
| |
| 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:
n/a
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
|
$95,012 |
Median starting-base salary (excluding bonuses) for the Class of 2002
|
$93,050 |
Average first-year signing bonus
|
$21,779 |
Median first-year signing bonus
|
$20,000 |
Job-accepting graduates who received a signing bonus
|
86% |
(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
|
$100,000 |
Median signing bonus
|
$20,000 |
Median other compensation
|
$35,000 |
Median MBA loans
|
$65,000 |
Average number of job offers at graduation
|
1.8 |
Average living expenses (not including tuition) over course of program
|
$65,774 |
Summer internship resulted in full-time employment
|
19% |
CAREER DIRECTIONS
Graduates accepting jobs in the following fields:
| Advertising/Public Relations |
1% |
| Arts, Entertainment, Publishing, and Media |
2% |
| Biotechnology and Pharmaceutical |
5% |
| Consulting Services (management consulting, strategic planning, product management, etc.) |
23% |
| Financial Services |
41% |
| Healthcare, Other |
1% |
| Retail/Wholesale |
2% |
Graduates accepting jobs in the following regions:
| Africa | n/a |
| Asia | 5% |
| Central/South America, Mexico | 3% |
| Eastern Europe | n/a |
| Middle East | n/a |
North America
(Canada: n/a / U.S.: n/a ) | 80% |
| Oceania | n/a |
| Western Europe | 10% |
Within North America:
| Canada | n/a |
| Mid-Atlantic U.S. | 8% |
| Midwest U.S. | 10% |
| Northeast U.S. | 38% |
| South U.S. | 6% |
| Southwest U.S. | 5% |
| U.S. Possessions and territories | n/a |
| 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:
n/a
Internship compensation:
| Paid internships |
n/a |
| Average internship compensation |
$5,986 |
| Median internship compensation |
$6,250 |
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
| Destination | Month offered | Paid for by B-School |
Asia - Hong Kong and Shanghai
|
Jan. |
n/a |
Europe - London
|
Jan. |
n/a |
New York City
|
Jan. |
n/a |
Miami and South American cities
|
Mar. |
n/a |
Seattle
|
May |
n/a |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: n/a
Technology changes made over the past three years:
-Created various types of instructional technology products with faculty including multimedia cases, online tutorials, exercises, games and simulations
-Built central control room (in new classroom building) and infrastructure necessary to support classroom-based video conferencing and web simulcasts
-Prematriculation (MBA) online course modules in Finance, Accounting, and Quantitative Methods required for all incoming students
-Prematriculation (MBA) web site for incoming class containing information, course preparation materials, discussion boards, on-line directory and personalized registration check-list so incoming students can complete all requirements for registration
-myHBS student portal, a personalized home page containing announcements, course and event information, distribution details as well as news headlines and local weather
-Online exam downloads and uploads, Faculty online grade submission on-line, student grade reporting online, course evaluations online
-Implemented wireless networking across the School in all areas frequented by students including classrooms
-On-line presentation and collaborative community tools introduced
-Introduced the Computer Lab for Experimental Research (CLER), a facility for subject-based on-line experiments
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://www.alumni.hbs.edu/
Current MBA students given access to alumni database? Yes
The B-school has awarded 50,140 MBA degrees since its founding. It has 37,979 living MBA alumni, and 108 MBA club(s) in 42 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 26% of alumni gave to the school's fundraising efforts. They gave a median gift of U.S. $200, and a mean gift of U.S. $3,600. 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. $1,300,000,000
ADDITIONAL SCHOOL COMMENTS
-The school included Asian-Americans in its "underrepresented minority" calculations above.
-Other career treks offered by the school: Atlanta (Jan.), Boston (Feb.), LA area (Jan.), Washington DC (Feb.), and Austin (Feb.).
-Job Regions: All Europe=10.31%
Information found in this survey was provided on behalf of the B-school by Maura Byrne O'Sullivan
|
=Subscribers Only
Copyright 2002 , by The McGraw-Hill Companies Inc. All rights reserved.
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