received their first job offer within the first three months after graduation
87%
were company sponsored, or already employed (2)
18%
were continuing their education (after graduation) (3)
14%
were starting a new business (4)
26%
postponed their job search
18%
did not seek employment for other reasons
24%
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. Booz-Allen & Hamilton Inc.
13
2. Lehman Brothers; The Boston Consulting Group
11
3. Deutsc he Bank
10
4. Bain & Company, Inc.
9
5. UBS Investment Bank
8
6. J. P. Morgan Chase & Co.; Kraft Foods
7
7. Bear, Stearns, & Co.; Ford Motor Company; Merril Lynch
6
8. Goldman, Sachs & Co. ; Morgan Stanley; McKinsey & Company
5
9. Citigroup
15
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
$87,085
Median starting-base salary (excluding bonuses) for the Class of 2003
$85,000
Average first-year signing bonus
$17,427
Median first-year signing bonus
$20,000
Job-accepting graduates who received a signing bonus
59%
(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
$20,000
Median other compensation
$30,000
Median MBA loans
$66,000
Average number of job offers at graduation
1.5
Average living expenses (not including tuition) over course of program
$52,081
Summer internship resulted in full-time employment
35%
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
Consulting
19%
Finance/Accounting
53%
General Management
5%
Human Resources
n/a
Marketing/Sales
12%
Management Information Systems
n/a
Operations/Logistics
2%
Other
9%
Graduates accepting jobs in the following regions:
Africa
0%
Asia
9%
Eastern and Central Europe and Central Asia
2%
Latin America and the Carribean
1%
Middle East
0%
North America
(Canada: n/a / U.S.: n/a )
81%
Oceania
1%
Western Europe
6%
Graduates accepting jobs within North America:
Canada
n/a
Mid-Atlantic U.S.
5%
Midwest U.S.
44%
Northeast U.S.
32%
South U.S.
5%
Southwest U.S.
3%
U.S. Possessions and territories
n/a
West U.S.
11%
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. Deutsche Bank
22
2. Lehman Brothers
16
3. Merrill Lynch
13
4. Credit Suisse First Boston Corp.; Goldman, Sachs & Co.; Morgan Stanley
11
5. McKinsey & Company, Inc.
10
6. A.T. Kearney, Inc.; Bain & Company, Inc.; UBS Investment Bank; Citigroup Corporate and Investment Bank
9
7. Citigroup Corporate and Investment Bank; J. P. Morgan Chase & Co.
8
8. Bear, Stearns & Co. Inc.; Booz-Allen & Hamilton Inc.
6
9. DaimlerChrysler Corporation; Diageo; Ford Motor Company; Microsoft Corporation; Pfizer, inc>; Sara Lee Corporation; The Boston Consulting Group; bp
4
Internship compensation:
Paid internships
n/a
Average internship compensation (per week)
$1,304
Median internship compensation (per week)
$1,385
Average internship length (weeks)
n/a
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: $11,654,074
Technology changes made over the past three years:
The GSB portal was introduced in the summer of 2002. The portal provides a user friendly interface to faculty to upload course materials. For the students, the portal offers a one stop shop for student services including:
Course materials, Threaded discussions, Career Services
Student Facebook, Student policies, Helpful technology tips and standards
A new E-mail system, implemented in the summer of 2002, for faculty, students and alumni has the capacity to handle a very high volume of mail each month. The system supports the E-mail-4-Life program for our alumni.
The GSB introduced the Web-based MBA and PhD programs online application submission system in the summer of 2002. The system provides the capability to compose and submit applications for any of the various MBA and PhD programs, including Full time MBA, Evening MBA, Weekend MBA, and PhD Programs. Applicants can follow on-line the status of their application from submission to announcement.
The GSB completed this summer its Services and Technology Strategy. The GSB will embark in an aggressive journey to upgrade the technology and web-based capabilities offered to students, staff and faculty; including campus wide calendaring, enhanced directory information, improved course material management, on-line self-service course packets.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site: n/a
Current MBA students given access to alumni database? Yes
The B-school has awarded 41,653 MBA degrees since its founding. It has 37,481 living MBA alumni, and 68 MBA club(s) throughout 30 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 19% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $100, and a mean gift of U.S. $1,382. 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. $188,302,569
ADDITIONAL SCHOOL COMMENTS
Credits are not given at Chicago/GSB; 21 courses are required to earn the MBA. Incoming Salaries are not tracked. Of the 20 courses needed for the MBA (plus LEAD), 11 are electives. Up to six electives can be taken in other departments of the University, offering flexibility to the students in planning their MBA. Total cost of the program cannot be provided; tuition for 2003-4 is $34,400.
Information found in this survey was provided on behalf of the B-school by Barbara Backe
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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