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2002 FULL-TIME MBA PROFILE
Iowa State University
College of Business

Sections: Getting In | Academics & Lifestyle |  Career & Alumni Affairs 


Address: Iowa State University
College of Business, 218 Carver Hall
Ames, IA 50011-2063
E-Mail: busgrad@iastate.edu
Web site: http://www.bus.iastate.edu


THE FULL-TIME JOB HUNT

Graduating class seeking employment (1)   90%

Graduates who:
received their first job offer by graduation 70%
received their first job offer within the first three months after graduation 85%
were company sponsored, or already employed (2) n/a
were continuing their education (after graduation) (3) 3%
were starting a new business (4) 3%
postponed their job search n/a
did not seek employment for other reasons n/a
 
Number of companies that recruited second-year students on campus in past academic year 30

(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:
FirmGraduates Hired
1. Wells Fargo 2
2. Principal Financial 2


Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002

$46,166
Median starting-base salary (excluding bonuses) for the Class of 2002

$48,000
Average first-year signing bonus

$3,750
Median first-year signing bonus

$4,000
Job-accepting graduates who received a signing bonus

13%

(1) Base salary excludes bonuses, commissions, and other compensation. Should be reported in U.S. dollars.



CAREER DIRECTIONS

Graduates accepting jobs in the following fields:
Consulting Services (management consulting, strategic planning, product management, etc.) 5%
Financial Services 41%
Human Resources 9%
Information Technology 9%
Manufacturing/Operations and Production 9%
Marketing 18%
Other 9%

Graduates accepting jobs in the following regions:
Africa n/a
Asia 4%
Central/South America, Mexico 4%
Eastern Europe n/a
Middle East n/a
North America
 (Canada: n/a / U.S.: n/a  )
n/a
Oceania n/a
Western Europe n/a

Within North America:
Canada n/a
Mid-Atlantic U.S. n/a
Midwest U.S. 80%
Northeast U.S. n/a
South U.S. n/a
Southwest U.S. 8%
U.S. Possessions and territories n/a
West U.S. 4%


MBA INTERNSHIPS

Companies that recruited first-year MBA students for internships on campus in past academic year: 28

Top 15 recruiting firms:
FirmInterns Hired
1. General Mills 2


Internship compensation:
Paid internships 94%
Average internship compensation $15
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
SWMBA Dallas Career Fair Expo

Oct. No


TECHNOLOGY

Wireless network in main buildings: No

School's investment in technology over the past three years: n/a

Technology changes made over the past three years:
n/a


ALUMNI AFFAIRS

Alumni office offers placement services for MBA alumni? No

Alumni networking Web site:
http://www.bus.iastate.edu/ALUMNI/default.htm

Current MBA students given access to alumni database? No

The B-school has awarded 690 MBA degrees since its founding. It has n/a living MBA alumni, and n/a MBA club(s) in n/a 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. n/a

Information found in this survey was provided on behalf of the B-school by Ronald Ackerman


 
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