received their first job offer within the first three months after graduation
89%
were company sponsored, or already employed (2)
12%
were continuing their education (after graduation) (3)
5%
were starting a new business (4)
3%
postponed their job search
9%
did not seek employment for other reasons
0%
Number of companies that recruited second-year students on campus in past academic year
71
(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. Samsung
6
2. Johnson & Johnson
4
3. Sprint
4
4. Whirlpool Corporation
4
5. Deloitte & Touche, LLP
4
6. Citibank
3
7. Dow Chemical Company
3
8. International Truck & Engine Corp. (Navistar)
3
9. KPMG, LLP
2
10. Ford Motor Company
2
11. Hitachi
2
12. OTM - Technology Transfer
2
13. IBM
1
14. General Electric
1
15. Honeywell
1
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
$69,050
Median starting-base salary (excluding bonuses) for the Class of 2002
$70,500
Average first-year signing bonus
$9,451
Median first-year signing bonus
$10,000
Job-accepting graduates who received a signing bonus
61%
(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
$70,000
Median signing bonus
$9,000
Median other compensation
$19,000
Median MBA loans
$20,000
Average number of job offers at graduation
1.5
Average living expenses (not including tuition) over course of program
$33,793
Summer internship resulted in full-time employment
Graduates accepting jobs in the following regions:
Africa
n/a
Asia
26%
Central/South America, Mexico
6%
Eastern Europe
n/a
Middle East
1%
North America
(Canada: n/a / U.S.: n/a )
67%
Oceania
n/a
Western Europe
n/a
Within North America:
Canada
n/a
Mid-Atlantic U.S.
6%
Midwest U.S.
69%
Northeast U.S.
6%
South U.S.
6%
Southwest U.S.
2%
U.S. Possessions and territories
2%
West U.S.
9%
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 24
Top 15 recruiting firms:
Firm
Interns Hired
1. Ford Motor Company
6
2. Deloitte & Touche, LLP
4
3. Whirlpool Corporation
4
4. International Truck & Engine
2
5. IBM
2
6. OTM - Technology Transfer
2
7. Allstate Insurance
1
8. Abbott Laboratories
1
9. Delphi
1
10. Dow Chemical Company
1
11. Ernst & Young, LLP
1
12. Morgan Stanley
1
13. SBC Communications
1
14. Sprint
1
15. NASA
1
Internship compensation:
Paid internships
100%
Average internship compensation
$4,630
Median internship compensation
$4,000
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
Destination
Month offered
Paid for by B-School
National Black MBA Career Conference
n/a
n/a
National Society of Hispanic MBAs Career Conferenc
n/a
n/a
Global MBA/Masters Employment Conference
n/a
n/a
Career Quest: Live from Chicago
n/a
Yes
MBA Alumni Networking Event - Chicago
n/a
Yes
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $500,000
Technology changes made over the past three years:
The school updgraded its Network to Cat 5 and installed multimedia equipment in classrooms. The school also upgraded student computer labs, servers, and faculty machines.
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? No
Current MBA students given access to alumni database? Yes
The B-school has awarded 6,338 MBA degrees since its founding. It has 5,525 living MBA alumni, and 70 MBA club(s) in 5 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 14% 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. $350. 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. $43,800,000
Information found in this survey was provided on behalf of the B-school by Mary Miller
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Copyright 2002 , by The McGraw-Hill Companies Inc. All rights reserved.
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