THE FULL-TIME JOB HUNT
| Graduating class seeking employment (1) | | 84% |
Graduates who: |
 | received their first job offer by graduation | 64% |
| received their first job offer within the first three months after graduation | 16% |
| were company sponsored, or already employed (2) | 1% |
| were continuing their education (after graduation) (3) | 4% |
| were starting a new business (4) | 0% |
| postponed their job search | 9% |
| did not seek employment for other reasons | 6% |
| |
| 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:
| Firm | Graduates Hired |
| 1. Citibank |
6 |
| 2. PepsiCo |
5 |
| 3. Honeywell International |
3 |
| 4. Booz Allen Hamilton |
2 |
| 5. Washington Gas |
2 |
| 6. Campbell Soup Co. |
2 |
| 7. Capital One |
2 |
| 8. Ernst & Young |
2 |
| 9. Fannie Mae |
2 |
| 10. Intel |
2 |
| 11. McKinsey |
2 |
| 12. SAIC |
2 |
| 13. UBS Warburg |
2 |
| 14. UBS PaineWebber |
2 |
| 15. World Bank |
2 |
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
|
$72,285 |
Median starting-base salary (excluding bonuses) for the Class of 2002
|
$75,000 |
Average first-year signing bonus
|
$15,586 |
Median first-year signing bonus
|
$13,000 |
Job-accepting graduates who received a signing bonus
|
45% |
(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
|
$80,000 |
Median signing bonus
|
$13,000 |
Median other compensation
|
$15,000 |
Median MBA loans
|
$20,000 |
Average number of job offers at graduation
|
1.3 |
Average living expenses (not including tuition) over course of program
|
$32,799 |
Summer internship resulted in full-time employment
|
34% |
CAREER DIRECTIONS
Graduates accepting jobs in the following fields:
| Accounting/Auditing |
2% |
| Banking/Mortgage (Investment banking, etc.) |
5% |
| Consulting Services (management consulting, strategic planning, product management, etc.) |
26% |
| Finance/Economics |
12% |
| Human Resources |
1% |
| Information Technology |
4% |
| Internet/E-Commerce/New Media |
1% |
| Manufacturing/Operations and Production |
3% |
| Marketing |
14% |
| Other |
3% |
Graduates accepting jobs in the following regions:
| Africa | n/a |
| Asia | 3% |
| Central/South America, Mexico | 1% |
| Eastern Europe | 1% |
| Middle East | 1% |
North America
(Canada: n/a / U.S.: n/a ) | 93% |
| Oceania | n/a |
| Western Europe | 1% |
Within North America:
| Canada | n/a |
| Mid-Atlantic U.S. | 58% |
| Midwest U.S. | 4% |
| Northeast U.S. | 21% |
| South U.S. | 1% |
| Southwest U.S. | 3% |
| U.S. Possessions and territories | n/a |
| West U.S. | 6% |
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. Booz Allen Hamilton |
7 |
| 2. Citibank |
3 |
| 3. PepsiCo |
3 |
| 4. Fannie Mae |
2 |
| 5. GE Corp |
2 |
| 6. Goldman Sachs |
2 |
| 7. Honeywell International |
2 |
| 8. Ernst & Young |
2 |
| 9. PricewaterhouseCoopers |
2 |
| 10. AOL Time Warner |
2 |
| 11. InPhonic |
2 |
| 12. Marriott |
2 |
| 13. Intel |
2 |
Internship compensation:
| Paid internships |
94% |
| 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 |
Nat'l Black MBA Association Career Fair
|
Sept. |
No |
Nat'l Society of Hispanic MBAs Career Fair
|
Oct. |
No |
International Consortium
|
Oct. |
No |
Nat'l MBA Consortium
|
n/a |
No |
Western MBA Consortium
|
n/a |
No |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $14,700,000
Technology changes made over the past three years:
The $38-million expansion of Van Munching Hall, home of the Robert H. Smith School of Business, opened for classes September 3, 2002. This new space includes eight classrooms, each complete with a wired data jack at each student seat, dual LCD projectors and projection screens, video and audio conferencing equipment and software, wireless computing access, and collaborative multimedia hardware and software. In addition, the new space houses a laboratory designed to facilitate the development of key behavioral skills, a computer laboratory dedicated to education in financial trading and portfolio management, four research-focused technology labs, and a 24/7 computer lab. In 2001-02, the Smith School of Business launched its Financial Trading Laboratory to facilitate teaching and research related to financial markets. The Smith School uses Sun Microsystem servers, terminals, and software for its Netcentricity Supply Chain Management lab.
In fall 2002, the Smith School of Business plans to launch its Web portal: eSmith. eSmith will be a gateway for students, faculty, and staff to navigate the network of both public and private information, services, and business functions of the school and the University of Maryland.
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? No
Alumni networking Web site:
http://www.alumni.umd.edu
Current MBA students given access to alumni database? Yes
The B-school has awarded n/a MBA degrees since its founding. It has 6,206 living MBA alumni, and 1 MBA club(s) in 1 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
ADDITIONAL SCHOOL COMMENTS
Application Deadlines:
Full-Time MBA Interational: Nov. 15, 2002 (early decision), Jan. 3, 2003, Feb. 15, 2003
Full-Time MBA Domestic: Dec. 2, 2002 (early decision), Feb. 1, 2003, March 15, 2003, May 1, 2003
February 1, 2003, is the priority deadline for financial aid.
Information found in this survey was provided on behalf of the B-school by Anne Moultrie
|
=Subscribers Only
Copyright 2002 , by The McGraw-Hill Companies Inc. All rights reserved.
MBA Insider
