THE FULL-TIME JOB HUNT
| Graduating class seeking employment (1) | | 75% |
Graduates who: |
 | received their first job offer by graduation | 69% |
| received their first job offer within the first three months after graduation | 80% |
| were company sponsored, or already employed (2) | 5% |
| were continuing their education (after graduation) (3) | 3% |
| were starting a new business (4) | 2% |
| postponed their job search | 9% |
| did not seek employment for other reasons | 4% |
| |
| 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. Standar & Poor's |
7 |
| 2. American Express |
6 |
| 3. Goldman, Sachs & Co. |
6 |
| 4. IBM |
5 |
| 5. Booz Allen & Hamilton, Inc. |
5 |
| 6. Credit Suisse First Boston |
5 |
| 7. Deutsche Bank |
5 |
| 8. McKinsey & Company |
5 |
| 9. General Electric |
3 |
| 10. PricewaterhouseCoopers, LLP |
3 |
| 11. BP |
2 |
| 12. Citigroup Inc. |
2 |
| 13. Merril Lynch |
2 |
| 14. United Technologies Corporation |
2 |
| 15. The Hartford Financial Services Group |
2 |
Prospects for 2002 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2002
|
$85,368 |
Median starting-base salary (excluding bonuses) for the Class of 2002
|
$85,000 |
Average first-year signing bonus
|
$18,875 |
Median first-year signing bonus
|
$18,000 |
Job-accepting graduates who received a signing bonus
|
74% |
(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
|
$85,000 |
Median signing bonus
|
$15,000 |
Median other compensation
|
$27,000 |
Median MBA loans
|
$40,000 |
Average number of job offers at graduation
|
4.4 |
Average living expenses (not including tuition) over course of program
|
$51,277 |
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.) |
25% |
| Finance/Economics |
45% |
| Information Technology |
1% |
| Manufacturing/Operations and Production |
2% |
| Marketing |
9% |
| Other |
18% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 7% |
| Central/South America, Mexico | 0% |
| Eastern Europe | 1% |
| Middle East | 0% |
North America
(Canada: 0% / U.S.: 100%) | 86% |
| Oceania | 1% |
| Western Europe | 5% |
Within North America:
| Canada | 0% |
| Mid-Atlantic U.S. | 13% |
| Midwest U.S. | 3% |
| Northeast U.S. | 72% |
| South U.S. | 3% |
| Southwest U.S. | 3% |
| U.S. Possessions and territories | 0% |
| West U.S. | 6% |
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. Hillhouse Advisors Inc./Yale Entrepreneurial Internship Program |
10 |
| 2. American Express Company |
9 |
| 3. Citibank/Citigroup/SSB |
7 |
| 4. General Electric |
7 |
| 5. Standard & Poor's |
7 |
| 6. Goldman Sachs & Co. |
6 |
| 7. Lehman Brothers |
6 |
| 8. Merrill Lynch |
6 |
| 9. Credit Suisse First Boston |
5 |
| 10. Ibens |
5 |
| 11. Bayer Pharmaceutical Company |
4 |
| 12. IBM |
4 |
| 13. MBIA, Inc. |
4 |
| 14. Yale Investments Office |
4 |
| 15. BP |
3 |
Internship compensation:
| Paid internships |
97% |
| Average internship compensation |
$13,792 |
| Median internship compensation |
$14,850 |
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
| Destination | Month offered | Paid for by B-School |
Silicon Valley
|
Mar. |
n/a |
West Coast/Entrepreneurship
|
Mar. |
n/a |
West Coast Job Forum
|
Jan. |
n/a |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $5,121,371
Technology changes made over the past three years:
The school doubled the size of the IT department. It added a new multimedia lab with 45 computer stations. Student email services upgraded for increased size and ease-of-use. The network was upgraded to 100 mb switched. New printing services and a helpdesk were added. Seminar rooms are equipped with new audio, video, DVD capabilities. Now 85% of the school has wireless coverage. All student study space has been wired for network connectivity. Regular tables were replaced with e-tables, wired for power and networking directly to the table. A Storage Area Network (SAN) has been installed and made available online. Online software tutorials made available for Microsoft Windows and Office software. Citrix Terminal Services has been added to allow the delivery of software to students while they connected to the network from any location rather than a specific lab. Public computing clusters have been routinely upgraded to maintain fast, high quality computers.
ALUMNI AFFAIRS
Alumni office offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://mba.yale.edu/alumni/alumni
Current MBA students given access to alumni database? Yes
The B-school has awarded 4,284 MBA degrees since its founding. It has 4,343 living MBA alumni, and 170 MBA club(s) in 38 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 52% of alumni gave to the school's fundraising efforts. They gave a median gift of U.S. $150, and a mean gift of U.S. $523. 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. $291,179,492
Information found in this survey was provided on behalf of the B-school by Jeanine Morgillo
|
=Subscribers Only
Copyright 2002, Bloomberg L.P.
