received their first job offer within the first three months after graduation
84%
were company sponsored, or already employed (2)
8%
were continuing their education (after graduation) (3)
8%
were starting a new business (4)
33%
postponed their job search
18%
did not seek employment for other reasons
33%
Companies that recruited second-year students on campus in past academic year
n/a
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. Honeywell
4
2. Payless Shoe Source
4
3. Gap, Inc
3
4. Ford Motor
2
5. Intel
2
6. Beeline Communications
2
7. Cigna Healthcare
2
8. Daimler Chrysler
2
9. GE Medical
2
10. General Mills
2
11. IBM
2
12. American Express
1
13. Dell Computer Corp.
1
14. Hill-Rom
1
15. Hollywood Entertainment
1
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
$65,444
Median starting-base salary (excluding bonuses) for the Class of 2003
$65,000
Average first-year signing bonus
$6,662
Median first-year signing bonus
$5,000
Job-accepting graduates who received a signing bonus
53%
(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
$68,000
Median signing bonus
$9,000
Median other compensation
$16,000
Median MBA loans
$15,000
Average number of job offers at graduation
1.3
Average living expenses (not including tuition) over course of program
$27,929
Summer internship resulted in full-time employment
38%
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
Consulting
3%
Finance/Accounting
32%
General Management
7%
Human Resources
10%
Marketing/Sales
12%
Management Information Systems
1%
Operations/Logistics
16%
Other
19%
Graduates accepting jobs in the following regions:
Africa
0%
Asia
1%
Eastern and Central Europe and Central Asia
0%
Latin America and the Carribean
2%
Middle East
0%
North America
(Canada: 1% / U.S.: 99%)
97%
Oceania
0%
Western Europe
0%
Graduates accepting jobs within North America:
Canada
1%
Mid-Atlantic U.S.
4%
Midwest U.S.
30%
Northeast U.S.
9%
South U.S.
3%
Southwest U.S.
6%
U.S. Possessions and territories
0%
West U.S.
47%
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: n/a
Companies that recruited first-year MBA interns via job boards during past academic year: n/a
Top 15 recruiting firms:
Firm
Interns Hired
1. American Express
5
2. U.S. Department of Agriculture
5
3. Ford Motor
4
4. GE Medical Systems
4
5. Hollywood Entertainment
4
6. General Electric
3
7. Honeywell
3
8. Uspring Venture Capital Group
3
9. Hewlett Packard
2
10. Daimler Chrysler
2
11. IBM
2
12. Ink Specials
2
13. Nutraceutical
2
14. Proctor & Gamble
2
15. Schneider Logistics
2
Internship compensation:
Paid internships
97%
Average internship compensation (per week)
$962
Median internship compensation (per week)
$950
Average internship length (weeks)
14
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
n/a
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $1,000,000
Technology changes made over the past three years:
The school has added or enhanced its wireless Internet; all faculty have laptops and cell phones; several new database servers; upgraded student computer labs; upgraded Web servers
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Current MBA students given access to alumni database? Yes
The B-school has awarded 4,309 MBA degrees since its founding. It has 3,435 living MBA alumni, and 55 MBA club(s) throughout 16 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 fund-raising efforts. They gave a median gift of U.S. n/a, and a mean gift of U.S. n/a. 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. $60,138,218
ADDITIONAL SCHOOL COMMENTS
Program Basics:
1. Please note that the school does not offer in-state and out-of-state tuition, rather LDS church member and non-member tuition. A significant portion of the cost of operating the university is paid from the tithes of The Church of Jesus Christ of Latter-day Saints. Therefore, students and families of students who are tithe-paying members of the Church have already made a contribution to the operation of the university. Because others will not have made this contribution, they are charged a higher tuition, a practice similar in principle to that of state universities charging higher tuition to nonresidents.
2. The expected monthly rent and recommended annual budget is a weighted average of married and single students.
Admissions:
1. Students do not report their annual pay forgone to enter program upon entrance, rather at graduation. Therefore, the numbers given for the mean and median annual pay forgone to enter program are from the graduating class of 2003.
Career Services:
1. Questions pertaining to the number of companies recruiting were not answered per MBA CSC Standards.
Information found in this survey was provided on behalf of the B-school by Joseph Ogden
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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