THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 63% |
Graduates who: |
 | received their first job offer by graduation | 63% |
| received their first job offer within the first three months after graduation | 85% |
| were company sponsored, or already employed (2) | 1% |
| were continuing their education (after graduation) (3) | 2% |
| were starting a new business (4) | 14% |
| postponed their job search | 7% |
| did not seek employment for other reasons | 0% |
| |
| Companies that recruited second-year students on campus in past academic year | 116 |
| Companies that recruited second-year students via job boards 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. Fidelity |
6 |
| 2. EMC |
4 |
| 3. Ernst & Young |
4 |
| 4. Booz Allen Hamilton |
3 |
| 5. The Gillette Company |
3 |
| 6. Boston Scientific |
2 |
| 7. LanChile |
2 |
| 8. PricewaterhouseCoopers |
2 |
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
|
$69,300 |
Median starting-base salary (excluding bonuses) for the Class of 2003
|
$70,000 |
Average first-year signing bonus
|
$9,200 |
Median first-year signing bonus
|
$10,000 |
Job-accepting graduates who received a signing bonus
|
24% |
(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
|
$5,000 |
Median other compensation
|
$17,000 |
Median MBA loans
|
$30,000 |
Average number of job offers at graduation
|
1.0 |
Average living expenses (not including tuition) over course of program
|
$47,420 |
Summer internship resulted in full-time employment
|
19% |
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 21% |
| Finance/Accounting | 29% |
| General Management | 8% |
| Human Resources | 0% |
| Marketing/Sales | 40% |
| Management Information Systems | 0% |
| Operations/Logistics | 0% |
| Other | 2% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 4% |
| Eastern and Central Europe and Central Asia | 0% |
| Latin America and the Carribean | 5% |
| Middle East | 2% |
North America
(Canada: 1% / U.S.: 99%) | 88% |
| Oceania | 0% |
| Western Europe | 1% |
Graduates accepting jobs within North America:
| Canada | 1% |
| Mid-Atlantic U.S. | 6% |
| Midwest U.S. | 0% |
| Northeast U.S. | 75% |
| South U.S. | 5% |
| Southwest U.S. | 0% |
| U.S. Possessions and territories | n/a |
| West U.S. | 1% |
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 143
Companies that recruited first-year MBA interns via job boards during past academic year: n/a
Top 15 recruiting firms:
| Firm | Interns Hired |
| 1. Fidelity Investments |
11 |
| 2. Irving Oil Limited/Irving Oil Corp |
9 |
| 3. Accenture |
3 |
| 4. Babson College |
2 |
| 5. Booz Allen Hamilton |
2 |
| 6. Bose Corporation |
2 |
| 7. HP Hood |
2 |
| 8. James Lam & Associates |
2 |
| 9. Philips Electronics N.V. |
2 |
| 10. The Procter & Gamble Company |
2 |
Internship compensation:
| Paid internships |
79% |
| Average internship compensation (per week) |
$959 |
| Median internship compensation (per week) |
$1,000 |
| Average internship length (weeks) |
10 |
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
| Destination | Month offered | Paid for by B-School |
International MBA Employment Conference - Orlando
|
Nov. |
No |
NS of Hispanic MBA Employment Conf - San Antonio
|
Nov. |
No |
New York city Employer site visits
|
Mar. |
Yes |
Various trips to local employers throughout year
|
n/a |
n/a |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $1,486,000
Technology changes made over the past three years:
The upgraded technology infrastructure includes: 5x faster Internet connection; expanded wireless connectivity on campus; an upgraded campus network hardware to increase speed; the replacement of all public access (as well as faculty and staff) desktop computers. The upgraded classroom technology and instructional support services includes: 100% multi-media classrooms equipped with computer, video projection, and network access; upgraded classroom virtual networking; the re-organization of curriculum support for faculty; the replacement of home-built course management system with Blackboard; increased usage of and integrated library research support with Blackboard; and the development of new IT and Library Web sites to support faculty and student services and research.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://www.babson.edu/alumni
Current MBA students given access to alumni database? Yes
The B-school has awarded 13,255 MBA degrees since its founding. It has 12,967 living MBA alumni, and 62 MBA club(s) throughout 31 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 20% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $50, and a mean gift of U.S. $795. The school has not received a gift in excess of U.S. $10 million between Jan. 2001 and Oct. 2003, and the B-school endowment is U.S. $151,300,000
Information found in this survey was provided on behalf of the B-school by Jon Kerbs
|
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Copyright 2003, Bloomberg L.P.
