received their first job offer within the first three months after graduation
10%
were company sponsored, or already employed (2)
0%
were continuing their education (after graduation) (3)
6%
were starting a new business (4)
0%
postponed their job search
4%
did not seek employment for other reasons
5%
Number of companies that recruited second-year students on campus in past academic year
21
(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. Wachovia
5
2. Emerson
4
3. Ingersoll-Rand
3
4. R.J. Reynolds Tobacco Co.
3
5. Progress Energy
3
6. BB&T
3
7. Philip Morris
3
8. Sara Lee
2
9. North Star
2
10. Bank of Amercia
2
11. Citigroup
2
12. Wake Forest University
2
13. King Pharmaceuticals
2
14. Kraft
1
15. Nike
1
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
$72,000
Median starting-base salary (excluding bonuses) for the Class of 2002
$74,000
Average first-year signing bonus
$14,000
Median first-year signing bonus
$10,000
Job-accepting graduates who received a signing bonus
44%
(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
$69,000
Median signing bonus
$10,000
Median other compensation
$10,000
Median MBA loans
$34,000
Average number of job offers at graduation
1.1
Average living expenses (not including tuition) over course of program
$36,556
Summer internship resulted in full-time employment
22%
CAREER DIRECTIONS
Graduates accepting jobs in the following fields:
Banking/Mortgage (Investment banking, etc.)
29%
Biotechnology and Pharmaceutical
6%
Community, Social Services, and Nonprofit/Volunteer
Graduates accepting jobs in the following regions:
Africa
n/a
Asia
4%
Central/South America, Mexico
n/a
Eastern Europe
n/a
Middle East
1%
North America
(Canada: n/a / U.S.: n/a )
94%
Oceania
n/a
Western Europe
1%
Within North America:
Canada
n/a
Mid-Atlantic U.S.
4%
Midwest U.S.
5%
Northeast U.S.
17%
South U.S.
64%
Southwest U.S.
2%
U.S. Possessions and territories
n/a
West U.S.
2%
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 82
Top 15 recruiting firms:
Firm
Interns Hired
1. Sara Lee
4
2. PhilipMorris
2
3. Progress Energy
2
4. Federal Express
2
5. Wachovia
2
6. Glaxo Wellcome
2
7. BB&T
2
8. Ingersoll Rand
2
9. Bank of America
2
10. Bayer
1
11. Duke Energy
1
12. DuPont
1
13. Lehman Brothers
1
14. R.J. Reynolds Tobacco Co.
1
15. Red Hat
1
Internship compensation:
Paid internships
100%
Average internship compensation
$12,000
Median internship compensation
$10,000
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
Destination
Month offered
Paid for by B-School
Marketing & Finance Job-Search Trips (NY)
n/a
No
International MBA Conference (Orlando)
Nov.
No
MBA Consortia (Atlanta, NY, CA and Baltimore/DC)
n/a
No
National Black MBA Forum (location varies)
Oct.
Yes
National Hispanic Society Forum (location varies)
Oct.
No
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $1,460,000
Technology changes made over the past three years:
The school:
-installed two electronic whiteboards with projectors
-added a Capital Markets Trading Room (24 workstations, teacher's desk with full classroom multimedia capabilities, Trans-Lux wallboards and LED-Jet displays, purchase of three software packages to be run from that room only)
-did a wide-scale computer refresh for all faculty, staff, and lab machines
-will add a wireless network in late fall/early winter 2002
-upgraded all networking closets to get 100mbps connections to the desktop
-did a partial swap-out of chalkboards to whiteboards in all classrooms
-updated multimedia in all 10 classrooms to include color control pads, 2000-lumen projectors, new document cameras, and VCRs
-added a multimedia classroom in Charlotte
-increased the seating to make a classroom larger in Charlotte
-purchased a total of 10 servers
-developed school Intranet to streamline mailings and automate past reservation-based processes
-added one IT staff employee (for a total of 6)
-purchased three Polycom speakerphones for student checkout
-provided 12 laptop docking stations and support for Babcock Incubator clients
-upgraded eight out of 13 servers to Windows 2000 architecture
-replaced nine high-capacity printers
-migrated from proprietary Admissions package to SRN
-purchased two high-end graphics workstations for digitizing video and dubbing media
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 4,714 MBA degrees since its founding. It has 4,675 living MBA alumni, and 5 MBA club(s) in 1 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. $200, and a mean gift of U.S. $716. 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. $38,447,350
ADDITIONAL SCHOOL COMMENTS
-Full-time students are supplied with IBM ThinkPads as a part of tuition(the class of 2004 is using A30M models).
-None of the financial aid calculations contain private loans.
Information found in this survey was provided on behalf of the B-school by Patricia Divine
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Copyright 2002 , by The McGraw-Hill Companies Inc. All rights reserved.
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