THE FULL-TIME JOB HUNT
| Graduating class seeking employment (1) | | 12% |
Graduates who: |
 | received their first job offer by graduation | 71% |
| received their first job offer within the first three months after graduation | 22% |
| were company sponsored, or already employed (2) | 1% |
| were continuing their education (after graduation) (3) | n/a |
| were starting a new business (4) | 3% |
| postponed their job search | n/a |
| did not seek employment for other reasons | 3% |
| |
| Number of companies that recruited second-year students on campus in past academic year | 200 |
(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. CAP GEMINI ERNST & YOUNG |
8 |
| 2. AMERICAN EXPRESS |
4 |
| 3. ABN AMRO |
3 |
| 4. SOLVING |
3 |
| 5. KPMG |
3 |
| 6. ALACATEL |
3 |
| 7. DEUTSCHE BANK |
2 |
| 8. BRYAN GARNIER |
2 |
| 9. EDF |
2 |
| 10. GE |
2 |
| 11. IGA |
2 |
| 12. LILLY |
2 |
| 13. CELERANT |
2 |
| 14. PRTM |
2 |
| 15. WINTERTHUR |
2 |
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
|
$80 |
Median starting-base salary (excluding bonuses) for the Class of 2002
|
$70 |
Average first-year signing bonus
|
$16,000 |
Median first-year signing bonus
|
$15,245 |
Job-accepting graduates who received a signing bonus
|
25% |
(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
|
$30,000 |
Median signing bonus
|
$5,000 |
Median other compensation
|
$15,000 |
Median MBA loans
|
$5,500 |
Average number of job offers at graduation
|
2.6 |
Average living expenses (not including tuition) over course of program
|
$14,923 |
Summer internship resulted in full-time employment
|
26% |
CAREER DIRECTIONS
Graduates accepting jobs in the following fields:
| Banking/Mortgage (Investment banking, etc.) |
17% |
| Consulting Services (management consulting, strategic planning, product management, etc.) |
35% |
| Finance/Economics |
14% |
| Financial Services |
6% |
| Human Resources |
3% |
| Information Technology |
1% |
| Marketing |
16% |
| Other |
8% |
Graduates accepting jobs in the following regions:
| Africa | n/a |
| Asia | 8% |
| Central/South America, Mexico | 2% |
| Eastern Europe | n/a |
| Middle East | n/a |
North America
(Canada: n/a / U.S.: n/a ) | 7% |
| Oceania | n/a |
| Western Europe | 43% |
Within North America:
| Canada | n/a |
| Mid-Atlantic U.S. | n/a |
| Midwest U.S. | n/a |
| Northeast U.S. | n/a |
| South U.S. | n/a |
| Southwest U.S. | n/a |
| U.S. Possessions and territories | n/a |
| West U.S. | n/a |
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. BARCLAYS |
4 |
Internship compensation:
| Paid internships |
100% |
| 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 |
London
|
Mar. |
Yes |
New York
|
Sept. |
Yes |
Frankfurt
|
Sept. |
Yes |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $3,000,000
Technology changes made over the past three years:
The school added a wireless nework to its main buildings, video-conferencing materials, a distance learning platform, and Intranet, and a devoted Internet staff (Webmaster and designer).
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://www.groupehec.asso.fr
Current MBA students given access to alumni database? Yes
The B-school has awarded 2,954 MBA degrees since its founding. It has 2,926 living MBA alumni, and 300 MBA club(s) in 53 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, n/a of alumni gave to the school's fundraising efforts. They gave a median gift of U.S. n/a, and a mean gift of U.S. n/a. 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
-Internships are not required to complete the HEC MBA program (16 months)
- Academic exchange programs (4 months) are available with NYU Stern, Wharton, Haas Berkeley, Cornell, UCLA, CUHK, LBS, etc.
Information found in this survey was provided on behalf of the B-school by Richard PERRIN
|
=Subscribers Only
Copyright 2002, Bloomberg L.P.
