received their first job offer within the first three months after graduation
69%
were company sponsored, or already employed (2)
9%
were continuing their education (after graduation) (3)
1%
were starting a new business (4)
0%
postponed their job search
3%
did not seek employment for other reasons
4%
Number of companies that recruited second-year students on campus in past academic year
63
(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. Johnson & Johnson International
5
2. Citigroup
3
3. Bank of New York Company
3
4. Kraft Foods, Inc.
3
5. Merck & Co., Inc.
3
6. Procter & Gamble Company
3
7. Air Products & Chemicals
2
8. Algharum Industries Company
2
9. Cap Gemini Ernst & Young
2
10. CIGNA Corporation
2
11. M&T Bank Corporation
2
12. Merrill Lynch & Co. Inc
2
13. Strong Health
2
14. The Boston Consulting Group
2
15. United Technologies Corporation
2
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
$78,361
Median starting-base salary (excluding bonuses) for the Class of 2002
$79,000
Average first-year signing bonus
$16,365
Median first-year signing bonus
$15,000
Job-accepting graduates who received a signing bonus
59%
(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
$15,000
Median other compensation
$20,000
Median MBA loans
$39,000
Average number of job offers at graduation
1.1
Average living expenses (not including tuition) over course of program
$35,242
Summer internship resulted in full-time employment
32%
CAREER DIRECTIONS
Graduates accepting jobs in the following fields:
Accounting/Auditing
5%
Advertising/Public Relations
1%
Banking/Mortgage (Investment banking, etc.)
2%
Community, Social Services, and Nonprofit/Volunteer
Graduates accepting jobs in the following regions:
Africa
1%
Asia
6%
Central/South America, Mexico
4%
Eastern Europe
3%
Middle East
2%
North America
(Canada: 0% / U.S.: 100%)
84%
Oceania
0%
Western Europe
0%
Within North America:
Canada
0%
Mid-Atlantic U.S.
7%
Midwest U.S.
13%
Northeast U.S.
57%
South U.S.
2%
Southwest U.S.
0%
U.S. Possessions and territories
0%
West U.S.
5%
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. WWM Enterprises
3
2. JP MorganChase & Co.
3
3. Bausch & Lomb
4
4. Eastman Kodak Company
3
5. Excellus Health Plan, Inc.
3
6. Johnson & Johnson International
3
7. Manning & Napier Advisors, Inc.
3
8. Bear Stearns & Co.
2
9. Citigroup
2
10. Delphi Automotive Systems Corporation
2
11. Fannie Mae
2
12. Forte Capital Llc
2
13. Goldman Sachs & Company
2
14. Lehman Brothers Inc.
2
15. Merrill Lynch & Co., Inc.
2
Internship compensation:
Paid internships
72%
Average internship compensation
$962
Median internship compensation
$875
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
Destination
Month offered
Paid for by B-School
Wall Street Visit
Oct.
No
New York/NJ
Oct.
No
Boston Job Fair-Asian Students
Oct.
No
West Coast Job Fair
Jan.
No
Boston, MA
Mar.
No
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: n/a
Technology changes made over the past three years:
All classrooms within the new building are digital -- Gleason Hall opened in November 2001. The school expanded its wireless network, updated computers, added a new Intranet with interactive scheduling, improved its self-managed student records system, and improved support for clubs' Web sites and adminstration.
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? No
Current MBA students given access to alumni database? Yes
The B-school has awarded 9,913 MBA degrees since its founding. It has 9,775 living MBA alumni, and 4 MBA club(s) in 4 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 19% 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. $332. 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. $67,500,000
Information found in this survey was provided on behalf of the B-school by Dawn McWilliams
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Copyright 2002 , by The McGraw-Hill Companies Inc. All rights reserved.
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