received their first job offer within the first three months after graduation
15%
were company sponsored, or already employed (2)
2%
were continuing their education (after graduation) (3)
1%
were starting a new business (4)
n/a
postponed their job search
n/a
did not seek employment for other reasons
3%
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. Emerson
4
2. Guidant
4
3. 3M
3
4. Bank of America
3
5. Citibank
3
6. Noble International Ltd.
3
7. Wells Fargo
3
8. American Airlines
2
9. Bear Stearns
2
10. Captial One
2
11. ExxonMobil
2
12. SBC Communications
2
13. GE Capital
2
14. Anheuser Busch
1
15. AT Kearney
1
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
$78,200
Median starting-base salary (excluding bonuses) for the Class of 2002
$80,000
Average first-year signing bonus
$15,700
Median first-year signing bonus
$15,000
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
$80,000
Median signing bonus
$14,000
Median other compensation
$30,000
Median MBA loans
$45,000
Average number of job offers at graduation
1.2
Average living expenses (not including tuition) over course of program
$37,540
Summer internship resulted in full-time employment
Graduates accepting jobs in the following regions:
Africa
n/a
Asia
7%
Central/South America, Mexico
1%
Eastern Europe
n/a
Middle East
n/a
North America
(Canada: n/a / U.S.: n/a )
n/a
Oceania
n/a
Western Europe
n/a
Within North America:
Canada
n/a
Mid-Atlantic U.S.
3%
Midwest U.S.
29%
Northeast U.S.
11%
South U.S.
3%
Southwest U.S.
7%
U.S. Possessions and territories
n/a
West U.S.
8%
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. Cisco
4
2. Ameren UE
4
3. IBM
4
4. Bear Stearns
3
5. Guidant
3
6. American Business Resources
2
7. Anheuser-Busch
2
8. Bank of America
2
9. Boeing
2
10. Citibank
2
11. Daimler Chrysler Corp
2
12. Emerson
2
13. The Hartford Financial Services Corp
2
14. Nestle Purina Pet Care
2
15. Sigma Aldrich
2
Internship compensation:
Paid internships
98%
Average internship compensation
$9,900
Median internship compensation
$9,400
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
Destination
Month offered
Paid for by B-School
Houston, TX - to visit energy companies
Oct.
No
Chicago, IL - to visit finance companies
Nov.
No
New York, NY - to visit investment banks
Jan.
No
Silicon Valley, CA - visit various industries
Jan.
No
MBA Career Consortiums/Atlanta, GA & NY, NY
Oct.
No
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $9,363,000
Technology changes made over the past three years:
Laptop computers are required for all MBA students. This year a new computer lab was created exclusively for lap-top users. All classroom seats now have power outlets and 100 Mb/sec network connections. The network "backbone" is fiber optic at 1 giga-bit/sec.
The wireless LAN was upgraded this year and now provides coverage to all student-accessible public areas such as student lounges, the library, study rooms, May Auditorium, and the Lopata Courtyard.
Prometheus eLearning courseware (now part of Blackboard, Inc.) was introduced last year and is now available to all students and their professors. This "virtual learning community" provides Web-based access to syllabi, course materials, threaded discussions, chat and other features. Advanced users have incorporated features like video-on-demand, self-paced learning modules and interactive simulation.
Each year, approximately one third of the student computer lab PCs are replaced with "leading edge" systems. This year, new machines were Dell computers with 2.26 Ghz Pentium 4 processors, 256 MB RAM, 19" color monitors, and read/writeable CD drives. The school added a new hp 20 ppm duplex color laser printer. The lab also has several high-speed laser printers, and scanners.
New behind-the-scenes technology purchased this year include new servers for student and faculty files, a new server for Prometheus, increased disk storage to accommodate multimedia applications, and faster communications switches.
A Polycom video conferencing system is available and is often used by students for interviewing with companies.
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? No
Current MBA students given access to alumni database? n/a
The B-school has awarded n/a MBA degrees since its founding. It has 6,543 living MBA alumni, and 44 MBA club(s) in 14 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 30% 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. $333. 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. $145,687,000
ADDITIONAL SCHOOL COMMENTS
The careers data is based on interim data. Jobs in general management are placed in the "Other" category. Also, all percentages are equal to 69. This reflects the percentage of students (69%) who have accepted employment -- 31% of students are still searching for positions.
Information found in this survey was provided on behalf of the B-school by Deborah Booker
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Copyright 2002 , by The McGraw-Hill Companies Inc. All rights reserved.
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