received their first job offer within the first three months after graduation
80%
were company sponsored, or already employed (2)
50%
were continuing their education (after graduation) (3)
5%
were starting a new business (4)
19%
postponed their job search
24%
did not seek employment for other reasons
2%
Companies that recruited second-year students on campus in past academic year
197
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
5
2. IBM
5
3. Capital One
4
4. National City Corporation
4
5. Alcoa
3
6. Bank of America
3
7. Booz Allen & Hamilton
3
8. Deutsche Banc Alex Brown
3
9. McKinsey & Company
3
10. PNC Bank
3
11. Samsung Electronics
3
12. Citigroup
2
13. Deloitte Consulting
2
14. Johnson & Johnson
2
15. Morgan Stanley
2
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
$77,051
Median starting-base salary (excluding bonuses) for the Class of 2003
$80,000
Average first-year signing bonus
$12,409
Median first-year signing bonus
$10,000
Job-accepting graduates who received a signing bonus
66%
(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
$15,000
Median MBA loans
$50,000
Average number of job offers at graduation
1.3
Average living expenses (not including tuition) over course of program
$37,097
Summer internship resulted in full-time employment
36%
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
Consulting
12%
Finance/Accounting
41%
General Management
12%
Human Resources
0%
Marketing/Sales
21%
Management Information Systems
4%
Operations/Logistics
7%
Other
2%
Graduates accepting jobs in the following regions:
Africa
0%
Asia
8%
Eastern and Central Europe and Central Asia
1%
Latin America and the Carribean
1%
Middle East
0%
North America
(Canada: n/a / U.S.: n/a )
88%
Oceania
0%
Western Europe
1%
Graduates accepting jobs within North America:
Canada
n/a
Mid-Atlantic U.S.
23%
Midwest U.S.
13%
Northeast U.S.
25%
South U.S.
6%
Southwest U.S.
11%
U.S. Possessions and territories
0%
West U.S.
10%
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 131
Companies that recruited first-year MBA interns via job boards during past academic year: n/a
Top 15 recruiting firms:
Firm
Interns Hired
1. Deutsche Banc Alex. Brown
8
2. IBM
8
3. Johnson & Johnson
7
4. Booz Allen & Hamilton
6
5. Citigroup
6
6. Deloitte Consulting
5
7. Innovation Works
5
8. Fisher Scientific
4
9. Ford Motor Company
4
10. H.J. Heinz
4
11. Management Science Assoicates
4
12. United Technologies
4
13. DuPont
3
14. FreeMarkets
3
15. Merck
3
Internship compensation:
Paid internships
89%
Average internship compensation (per week)
$1,161
Median internship compensation (per week)
$1,207
Average internship length (weeks)
n/a
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
Destination
Month offered
Paid for by B-School
Silicon Valley
Jan.
No
Wall Street
Oct.
No
Wall Street
Jan.
No
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $481,000
Technology changes made over the past three years:
Carnegie Mellon remains the nation's "Most Wired" campus for the second consecutive year according to a 2002 Yahoo! Internet survey of college campuses. The rating acknowledges the campus as one of the first in the U.S. to maintain a fully-integrated, campus-wide wireless network both inside and outside all campus buildings. Specific Improvements: -- Doubled Internet connection speed for school; -- New floor addition (Posner Hall) equipped with computerized classrooms; -- Two large classrooms converted to accommodate distance learning; -- Enhanced learning environments in classrooms via technology that features touch panel and dual projectors; -- Addition of new Intel e-commerce lab, featuring dual screen work stations and flat-panel for notebooks; -- Financial Simulated Training Lab equipment upgraded; -- Addition of live, data feed Bloomberg terminal; -- Addition of dedicated evening support staff for distance education; -- Addition of software for online course management and scheduling as well as shared calendar system for all faculty, staff and students.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Current MBA students given access to alumni database? Yes
The B-school has awarded n/a MBA degrees since its founding. It has 7,200 living MBA alumni, and 19 MBA club(s) throughout 9 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. n/a
Information found in this survey was provided on behalf of the B-school by Deb Magness
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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