received their first job offer within the first three months after graduation
74%
were company sponsored, or already employed (2)
6%
were continuing their education (after graduation) (3)
1%
were starting a new business (4)
1%
postponed their job search
0%
did not seek employment for other reasons
1%
Number of companies that recruited second-year students on campus in past academic year
133
(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. Deloitte Consulting
10
2. A.T. Kearney, Inc
9
3. Johnson&Johnson Family of Companies
9
4. Siebel Systems
8
5. Eli Lily & Co.
7
6. McKinsey & Company, Inc
7
7. Citigroup Saloman Smith Barney
6
8. Goldman, Sachs and Co.
6
9. Kraft Foods Inc.
6
10. American Express Company
5
11. Bank of America Securities
5
12. JP Morgan Chase & Co.
5
13. Lehman Brothers
5
14. Dell Computer Corp+ Diamond Cluster International
4
15. Morgan Stanley+ UBS Warburg
4
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
$84,922
Median starting-base salary (excluding bonuses) for the Class of 2002
$85,000
Average first-year signing bonus
$18,657
Median first-year signing bonus
$20,000
Job-accepting graduates who received a signing bonus
84%
(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
$19,000
Median other compensation
$25,000
Median MBA loans
$43,000
Average number of job offers at graduation
1.5
Average living expenses (not including tuition) over course of program
$42,369
Summer internship resulted in full-time employment
Graduates accepting jobs in the following regions:
Africa
0%
Asia
3%
Central/South America, Mexico
3%
Eastern Europe
1%
Middle East
0%
North America
(Canada: 0% / U.S.: 100%)
88%
Oceania
1%
Western Europe
2%
Within North America:
Canada
0%
Mid-Atlantic U.S.
5%
Midwest U.S.
35%
Northeast U.S.
29%
South U.S.
3%
Southwest U.S.
8%
U.S. Possessions and territories
0%
West U.S.
12%
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 107
Top 15 recruiting firms:
Firm
Interns Hired
1. Eli Lily and Co.
10
2. Ford Motor Co.
10
3. J.P. Morgan Chase and Co.
9
4. University of Michigan Health System
9
5. Booz-Allen & Hamilton
8
6. Lehman Brothers
8
7. Merrill Lynch & Co. Inc.
8
8. Kraft Foods, Inc.
7
9. Dell Computer Corporation
6
10. Banc of America Securities
5
11. General Mills, Inc.
5
12. General Motors Corporation
5
13. Intel Corp.
5
14. Johnson&Johnson Family of Companies
5
15. Merck & Co., Inc
5
Internship compensation:
Paid internships
98%
Average internship compensation
$64,054
Median internship compensation
$68,400
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
Destination
Month offered
Paid for by B-School
Wall Street Forum
Nov.
Yes
West Coast Forum
Dec.
Yes
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $4,600,000
Technology changes made over the past three years:
This fall, 2002, the Business School will complete construction on The Tozzi Electronic Business and Finance Center. This will serve as a classroom, financial trading floor, and eLab. It seats 70 students and is equipped with wireless laptops on mobile desks. Also cominging in Fall 2002 is a new "virtual lab" that will allow students with laptops to access course related software from anywhere, including their home. In addition the school has two other separate labs, one is a multi-media lab with video, scanners, etc. for students to work with.
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? Yes
Current MBA students given access to alumni database? Yes
The B-school has awarded 23,080 MBA degrees since its founding. It has 23,000 living MBA alumni, and 40 MBA club(s) in 18 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 21% of alumni gave to the school's fundraising efforts. They gave a median gift of U.S. $100, and a mean gift of U.S. $953. 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. $194,700,000
Information found in this survey was provided on behalf of the B-school by Cynthia Shaw
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Copyright 2002 , by The McGraw-Hill Companies Inc. All rights reserved.
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