received their first job offer within the first three months after graduation
90%
were company sponsored, or already employed (2)
1%
were continuing their education (after graduation) (3)
3%
were starting a new business (4)
1%
postponed their job search
2%
did not seek employment for other reasons
1%
Number of companies that recruited second-year students on campus in past academic year
123
(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. American Electric Power
8
2. Ford Motor Company
8
3. Ashland Chemical
4
4. Bank One
4
5. National City
4
6. Procter & Gamble
4
7. IBM
3
8. Nestle
3
9. Cardinal Health
2
10. General Electric
2
11. Kimberly-Clark
2
12. Lexmark
2
13. Nationwide
2
14. Owens Corning
2
15. StorageTek
2
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
$80,708
Median starting-base salary (excluding bonuses) for the Class of 2002
$79,000
Average first-year signing bonus
$12,397
Median first-year signing bonus
$10,000
Job-accepting graduates who received a signing bonus
62%
(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
$70,000
Median signing bonus
$10,000
Median other compensation
$20,000
Median MBA loans
$18,000
Average number of job offers at graduation
1.0
Average living expenses (not including tuition) over course of program
$33,651
Summer internship resulted in full-time employment
Graduates accepting jobs in the following regions:
Africa
n/a
Asia
15%
Central/South America, Mexico
1%
Eastern Europe
1%
Middle East
1%
North America
(Canada: n/a / U.S.: n/a )
81%
Oceania
n/a
Western Europe
1%
Within North America:
Canada
n/a
Mid-Atlantic U.S.
2%
Midwest U.S.
59%
Northeast U.S.
8%
South U.S.
4%
Southwest U.S.
2%
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: 64
Top 15 recruiting firms:
Firm
Interns Hired
1. American Electric Power
5
2. Abbott /Ross Labs
4
3. Ashland Chemical
3
4. Bank One
3
5. Battelle Memorial Institute
3
6. Cardinal Health
3
7. Diebold
3
8. Whirlpool
3
9. Ford Motor Company
2
10. GlaxoSmithKline
2
11. Nationwide
2
12. Nestle
2
13. Procter & Gamble
2
14. The Scotts Company
2
15. The Limited
2
Internship compensation:
Paid internships
99%
Average internship compensation
$12,369
Median internship compensation
$12,600
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
Destination
Month offered
Paid for by B-School
National MBA Consortium in Chicago
Nov.
No
Summer Associate Wall Street Trip
Dec.
No
Alumni Networking Events in Chicago and NYC
Apr.
No
National Black MBA Conference
Sept.
Yes
National Hispanic MBA Conference
Nov.
Yes
TECHNOLOGY
Wireless network in main buildings: No
School's investment in technology over the past three years: $3,000,000
Technology changes made over the past three years:
Improvements have been in access points in the classrooms, higher speed servers and increased network backbone speeds, increased performance and capacity of Storage Area Network, high end computers for student computer labs, state-of-the-art video production facilities, and IP video conference capability.
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? No
Alumni networking Web site: n/a
Current MBA students given access to alumni database? No
The B-school has awarded 7,320 MBA degrees since its founding. It has 6,658 living MBA alumni, and 11 MBA club(s) in 3 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 38% of alumni gave to the school's fundraising efforts. They gave a median gift of U.S. $125, and a mean gift of U.S. $111. 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. $88,760,259
Information found in this survey was provided on behalf of the B-school by Michelle Jacobson
=Subscribers Only
Copyright 2002 , by The McGraw-Hill Companies Inc. All rights reserved.
MBA Insider
