received their first job offer within the first three months after graduation
6%
were company sponsored, or already employed (2)
2%
were continuing their education (after graduation) (3)
1%
were starting a new business (4)
2%
postponed their job search
11%
did not seek employment for other reasons
n/a
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. Medtronic
5
2. General Mills
4
3. Guidant
4
4. Honeywell
4
5. Northwest Airlines
4
6. Carlson Companies
4
7. Target
3
8. Cargill
2
9. RBC Dain Rauscher
2
10. GE Capital
2
11. Kurt Salmon Associates
2
12. Wells Fargo
2
13. Kimberly-Clark
2
14. Ecolab
1
15. IBM
1
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
$77,165
Median starting-base salary (excluding bonuses) for the Class of 2002
$76,500
Average first-year signing bonus
$12,288
Median first-year signing bonus
$10,000
Job-accepting graduates who received a signing bonus
72%
(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
$75,000
Median signing bonus
$10,000
Median other compensation
$10,000
Median MBA loans
$14,000
Average number of job offers at graduation
1.3
Average living expenses (not including tuition) over course of program
$34,945
Summer internship resulted in full-time employment
Graduates accepting jobs in the following regions:
Africa
n/a
Asia
6%
Central/South America, Mexico
1%
Eastern Europe
2%
Middle East
n/a
North America
(Canada: n/a / U.S.: n/a )
89%
Oceania
n/a
Western Europe
2%
Within North America:
Canada
n/a
Mid-Atlantic U.S.
n/a
Midwest U.S.
87%
Northeast U.S.
3%
South U.S.
3%
Southwest U.S.
4%
U.S. Possessions and territories
n/a
West U.S.
3%
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. Honeywell International
6
2. Fairview Health Services
5
3. Carlson Companies
3
4. Best Buy Inc
3
5. Medtronic
3
6. Boston Scientific/Scimed
3
7. 3M
3
8. Cummins Power Generation
3
9. Deloitte Consulting
2
10. Donaldson Companies
2
11. CBS Marketwatch
2
12. Guidant Corporation
2
13. Sherpa Partners
2
14. McKinsey and Co.
1
15. General Electric
1
Internship compensation:
Paid internships
96%
Average internship compensation
$4,142
Median internship compensation
$4,320
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
Destination
Month offered
Paid for by B-School
New York
Jan.
Yes
Boston
Oct.
Yes
Chicago
Nov.
Yes
San Francisco
Jan.
Yes
Seattle
Nov.
Yes
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $2,500,000
Technology changes made over the past three years:
The school redesigned its Web site using a content management system, implemented a Storage Area Network, and implemented wireless network capability. Upgrades were made to research computing, student and training lab computers, projectors and other classroom technology, and to the network (including e-mail and file servers). Web casting capabilities and a distance learning facility supporting video conferencing were also added.
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 14,600 MBA degrees since its founding. It has 10,500 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, 9% of alumni gave to the school's fundraising efforts. They gave a median gift of U.S. $50, and a mean gift of U.S. $279. 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. $126,722,939
ADDITIONAL SCHOOL COMMENTS
Student job-searching trips are "paid for by school" up to a set dollar amount.
Internship compensation has been reported on a monthly basis.
Information found in this survey was provided on behalf of the B-school by Carolyn Chase
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Copyright 2002, Bloomberg L.P.
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