THE FULL-TIME JOB HUNT
| Graduating class seeking employment (1) | | 99% |
Graduates who: |
 | received their first job offer by graduation | 83% |
| received their first job offer within the first three months after graduation | 91% |
| were company sponsored, or already employed (2) | n/a |
| were continuing their education (after graduation) (3) | n/a |
| were starting a new business (4) | n/a |
| 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 | 137 |
(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. McKinsey and Company |
24 |
| 2. Bain and Company |
12 |
| 3. Merrill Lynch |
12 |
| 4. A.T. Kearney |
10 |
| 5. Deloitte Consulting |
9 |
| 6. The Boston Consulting Group |
7 |
| 7. Goldman Sachs and Company |
7 |
| 8. J.P. Morgan Chase and Company |
7 |
| 9. The Quaker Oats Company |
7 |
| 10. Banc of America Securities |
6 |
| 11. Citigroup |
6 |
| 12. Eli Lilly and Company |
6 |
| 13. Lehman Brothers |
6 |
| 14. ZS Associates |
6 |
15. GE Capital
General Mills
Johnson and Johnson
Jones Lang LaSalle |
5 |
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
|
$88,000 |
Median starting-base salary (excluding bonuses) for the Class of 2002
|
$85,000 |
Average first-year signing bonus
|
$18,900 |
Median first-year signing bonus
|
$20,000 |
Job-accepting graduates who received a signing bonus
|
76% |
(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
|
$85,000 |
Median signing bonus
|
$20,000 |
Median other compensation
|
$20,000 |
Median MBA loans
|
$45,000 |
Average number of job offers at graduation
|
1.6 |
Average living expenses (not including tuition) over course of program
|
$53,652 |
Summer internship resulted in full-time employment
|
40% |
CAREER DIRECTIONS
Graduates accepting jobs in the following fields:
n/a
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 5% |
| Central/South America, Mexico | 3% |
| Eastern Europe | 1% |
| Middle East | 0% |
North America
(Canada: 1% / U.S.: 99%) | 83% |
| Oceania | 1% |
| Western Europe | 5% |
Within North America:
| Canada | 1% |
| Mid-Atlantic U.S. | 7% |
| Midwest U.S. | 40% |
| Northeast U.S. | 18% |
| South U.S. | 4% |
| Southwest U.S. | 7% |
| U.S. Possessions and territories | 1% |
| West U.S. | 19% |
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 112
Top 15 recruiting firms:
| Firm | Interns Hired |
| 1. Lehman Brothers |
13 |
| 2. Citigroup |
11 |
| 3. Bain and Company |
10 |
| 4. Deloitte Consulting |
10 |
| 5. Goldman Sachs and Company |
10 |
| 6. Merrill Lynch |
8 |
| 7. Booz Allen Hamilton |
8 |
| 8. Banc of America Securities |
7 |
| 9. Deutsche Bank |
7 |
| 10. Johnson and Johnson |
7 |
| 11. Motorola |
7 |
| 12. Kraft Foods, Inc. |
6 |
| 13. McKinsey and Company |
6 |
| 14. Pfizer Inc. |
6 |
15. AOL Time Warner
General Mills
IBM
J.P. Morgan Chase and Co.
Microsoft
Morgan Stanley
ZS Associates |
5 |
Internship compensation:
| Paid internships |
n/a |
| Average internship compensation |
$5,400 |
| Median internship compensation |
$5,800 |
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
n/a
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $17,000,000
Technology changes made over the past three years:
The school continually introduces new technology tools and upgrades its existing technology. In the last three years, the school introduced Web-based prep courses for incoming students in Math, Accounting, Microeconomics, and Statistics. A new course platform and a new Web-based survey tool was implemented. The school increased its Web-based video library and added four new videoconferencing setups. A new building wing was opened with an all-new technology infrastructure and constructed a new state-of-the-art server room. The school has also introduced new Web applications, including secure functionality for corporate recruiters, Palm OS functionality for students, and online services for applicants and admitted students. The school upgraded hardware and software for all servers, classrooms, and computer labs. And, finally, wireless technology has been added to all classrooms and common areas.
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://www.kellogg.northwestern.edu/alumni/
index.htm
Current MBA students given access to alumni database? Yes
The B-school has awarded 51,400 MBA degrees since its founding. It has 41,400 living MBA alumni, and 81 MBA club(s) in 46 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 25% 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 received a gift in excess of U.S. $10 million, and the B-school's total endowment is U.S. $390,000,000
ADDITIONAL SCHOOL COMMENTS
The Internship compensation figures provided, mean $5400 and median $5800 respectively, have been calculated on a per month basis.
Information found in this survey was provided on behalf of the B-school by Richard Honack
|
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Copyright 2002 , by The McGraw-Hill Companies Inc. All rights reserved.
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