THE FULL-TIME JOB HUNT
| Graduating class seeking employment (1) | | 85% |
Graduates who: |
 | received their first job offer by graduation | 76% |
| received their first job offer within the first three months after graduation | 87% |
| were company sponsored, or already employed (2) | 6% |
| were continuing their education (after graduation) (3) | 1% |
| were starting a new business (4) | 1% |
| postponed their job search | n/a |
| did not seek employment for other reasons | n/a |
| |
| Number of companies that recruited second-year students on campus in past academic year | 159 |
(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. McKinsey & Company |
24 |
| 2. Bain & Company |
20 |
| 3. Deloitte Consulting |
19 |
| 4. Johnson & Johnson |
18 |
| 5. Boston Consulting Group |
15 |
| 6. Goldman, Sachs & Co. |
14 |
| 7. UBS Warburg |
13 |
| 8. Deutsche Bank AG |
12 |
| 9. Merrill Lynch & Co., Inc. |
12 |
| 10. Morgan Stanley. |
11 |
| 11. Credit Suisse First Boston Corp. |
10 |
| 12. J.P. Morgan Chase & Co. |
10 |
| 13. A.T. Kearney, Inc. |
10 |
| 14. Salomon Smith Barney |
10 |
| 15. Lehman Broters |
8 |
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
|
$91,117 |
Median starting-base salary (excluding bonuses) for the Class of 2002
|
$85,000 |
Average first-year signing bonus
|
$20,879 |
Median first-year signing bonus
|
$20,000 |
Job-accepting graduates who received a signing bonus
|
79% |
(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
|
$90,000 |
Median signing bonus
|
$20,000 |
Median other compensation
|
$30,000 |
Median MBA loans
|
$75,000 |
Average number of job offers at graduation
|
1.7 |
Average living expenses (not including tuition) over course of program
|
$63,183 |
Summer internship resulted in full-time employment
|
38% |
CAREER DIRECTIONS
Graduates accepting jobs in the following fields:
| Consulting Services (management consulting, strategic planning, product management, etc.) |
17% |
| Finance/Economics |
15% |
| Financial Services |
26% |
| Healthcare, Other |
1% |
| Marketing |
12% |
| Real Estate |
3% |
| Other |
26% |
Graduates accepting jobs in the following regions:
| Africa | 1% |
| Asia | 10% |
| Central/South America, Mexico | 3% |
| Eastern Europe | 1% |
| Middle East | 1% |
North America
(Canada: 1% / U.S.: 99%) | 72% |
| Oceania | 1% |
| Western Europe | 6% |
Within North America:
| Canada | 1% |
| Mid-Atlantic U.S. | 6% |
| Midwest U.S. | 6% |
| Northeast U.S. | 38% |
| South U.S. | 3% |
| Southwest U.S. | 3% |
| U.S. Possessions and territories | 1% |
| West U.S. | 9% |
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 126
Top 15 recruiting firms:
| Firm | Interns Hired |
| 1. Goldman, Sachs & Co. |
30 |
| 2. Merrill Lynch & Co. Inc |
28 |
| 3. Bain & Company |
20 |
| 4. Credit Suisse First Boston Corp. |
19 |
| 5. Morgan Stanley |
18 |
| 6. UBS Warburg |
18 |
| 7. Johnson & Johnson |
17 |
| 8. Lehman Brothers |
17 |
| 9. McKinsey & Company |
16 |
| 10. J.P. Morgan Chase & Company |
15 |
| 11. Deloitte Consulting |
13 |
| 12. Boston Consulting Group |
11 |
| 13. American Express Company |
10 |
| 14. Mercer Management Consulting |
10 |
| 15. Citigroup |
9 |
Internship compensation:
| Paid internships |
n/a |
| Average internship compensation |
$5,942 |
| Median internship compensation |
$6,250 |
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
| Destination | Month offered | Paid for by B-School |
Philadelphia Trek
|
n/a |
No |
New York Trek
|
n/a |
No |
Washington, D.C.
|
n/a |
No |
Boston
|
n/a |
No |
San Francisco
|
n/a |
No |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $44,000,000
Technology changes made over the past three years:
With the opening of Jon M. Huntsman Hall in Philadelphia and Wharton West in San Francisco, the school seeks to develop a living laboratory for exploring new paradigms in learning and education. Huntsman Hall's 327,000 square-foot academic center includes 48 classrooms, 57 student group study rooms, lecture halls, auditoriums, and conference rooms. The technology throughout Huntsman Hall and Wharton West allows faculty and students to easily interact with each other and with their colleagues around the world. Through the auspices of Wharton's Alfred West Jr. Learning Lab (www.wharton.upenn.edu/learning/), the School's new development center and experimental laboratory for exploring new methods of instruction, Wharton faculty are developing teaching tools that combine interactive multimedia, streaming video, and online simulations. The School's facilities allow faculty to use these interactive learning tools in their classes in Philadelphia or jointly with students in Wharton West and Wharton's partner institutions around the world. Knowledge@Wharton (knowledge.wharton.upenn.edu), the School's biweekly online magazine, provides business insights, information and research to over 200,000 registered subscribers. Wharton's Research Data Services, or WRDS (wrds.wharton.upenn.edu), has become the standard for academic data research -- now licensed to 71 business schools around the world.
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://wave.wharton.upenn.edu
Current MBA students given access to alumni database? Yes
The B-school has awarded 32,826 MBA degrees since its founding. It has 26,521 living MBA alumni, and 82 MBA club(s) in 51 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, n/a of alumni gave to the school's fundraising efforts. They gave a median gift of U.S. n/a, and a mean gift of U.S. n/a. As of Jan. 2000 the B-school has received a gift in excess of U.S. $10 million, and the B-school's total endowment is U.S. $356,600,000
ADDITIONAL SCHOOL COMMENTS
The direct cost of the program includes a mandatory health insurance fee.
Information found in this survey was provided on behalf of the B-school by Michael Baltes
|
=Subscribers Only
Copyright 2002, Bloomberg L.P.
