THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 93% |
Graduates who: |
 | received their first job offer by graduation | 73% |
| received their first job offer within the first three months after graduation | 87% |
| were company sponsored, or already employed (2) | 3% |
| were continuing their education (after graduation) (3) | 1% |
| were starting a new business (4) | 2% |
| postponed their job search | 1% |
| did not seek employment for other reasons | 1% |
| |
| 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. Citigroup |
23 |
| 2. McKinsey & Company |
22 |
| 3. Booz Allen Hamilton |
16 |
| 4. Goldman, Sachs & Co. |
15 |
| 5. Bear, Stearns & Co. |
11 |
| 6. Deutsche Bank |
11 |
| 7. UBS Warburg |
11 |
| 8. American Express |
10 |
| 9. Boston Consulting Group |
9 |
| 10. Lehman Brothers |
9 |
| 11. Merrill Lynch |
9 |
| 12. Morgan Stanley |
8 |
| 13. Banc of America Securities |
7 |
| 14. Barclays Capital |
7 |
| 15. Bain & Company; CSFB; L'Oreal; and JP Morgan Chase |
6 |
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
|
$89,091 |
Median starting-base salary (excluding bonuses) for the Class of 2003
|
$85,000 |
Average first-year signing bonus
|
$17,255 |
Median first-year signing bonus
|
$20,000 |
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
|
$85,000 |
Median signing bonus
|
$25,000 |
Median other compensation
|
$36,000 |
Median MBA loans
|
$50,000 |
Average number of job offers at graduation
|
1.4 |
Average living expenses (not including tuition) over course of program
|
$59,287 |
Summer internship resulted in full-time employment
|
38% |
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 18% |
| Finance/Accounting | 51% |
| General Management | 4% |
| Human Resources | n/a |
| Marketing/Sales | 12% |
| Management Information Systems | 1% |
| Operations/Logistics | 1% |
| Other | 13% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 4% |
| Eastern and Central Europe and Central Asia | 1% |
| Latin America and the Carribean | 3% |
| Middle East | 1% |
North America
(Canada: n/a / U.S.: n/a ) | 84% |
| Oceania | n/a |
| Western Europe | 7% |
Graduates accepting jobs within North America:
| Canada | n/a |
| Mid-Atlantic U.S. | 5% |
| Midwest U.S. | 2% |
| Northeast U.S. | 84% |
| South U.S. | 3% |
| Southwest U.S. | 1% |
| U.S. Possessions and territories | n/a |
| West U.S. | 5% |
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. Citigroup |
23 |
| 2. Goldman Sachs |
20 |
| 3. McKinsey & Company |
20 |
| 4. Deutsche Bank |
15 |
| 5. Morgan Stanley |
14 |
| 6. American Express |
13 |
| 7. Lehman Brothers |
13 |
| 8. JP Morgan Chase |
12 |
| 9. Bank of America Securities |
9 |
| 10. Merrill Lynch |
9 |
| 11. Viacom |
8 |
| 12. Pfizer |
7 |
| 13. UBS |
7 |
| 14. Unilever |
6 |
| 15. Booz Allen |
5 |
Internship compensation:
| Paid internships |
99% |
| Average internship compensation (per week) |
$1,497 |
| Median internship compensation (per week) |
$1,635 |
| 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. |
Yes |
European Society
|
Nov. |
Yes |
Los Angeles Trip
|
Jan. |
Yes |
Hong Kong / Greater China
|
May |
Yes |
Brazil
|
May |
No |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $15,300,000
Technology changes made over the past three years:
Multimedia Infrastructure (mostly Classroom Instructional infrastructure): Upgraded the Media Control Center in the business/law building to improve videoconferencing and the recording of classroom content. Upgrades were done in the following areas: control of cameras, switching between input sources, and monitoring capability of classroom activities. Installed multimedia equipment in all conference rooms throughout the school to facilitate administrative meetings, faculty recruitment sessions, and PhD dissertation defenses. Substantially upgraded the school's video streaming server. Upgraded all classroom LCD projectors in Warren Hall and Uris 142/301. Added full-service multimedia teaching podia to the two remaining classrooms that did not have them; enchanced the Warren Hall Media Control Center to permit ISDN videoconference remote sites to connect to the classrooms that are IP-only; video recording and post-production equipment to allow in-house production of video content; and CD mass duplicator to facilitate in-house creation of CDs for distribution of software, data, and/or notebook configuration tools.
Networking and Systems: upgraded all network devices to high-speed switching with gigabit connectivity to the university backbone; added server for pilot video streaming project; 30 computer kiosks for to give students easy access to email and web-browsing (total of 40); provided high-end Pentium computers to all PhD students on campus, among many other things.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://www.gsb.columbia.edu/alumni
Current MBA students given access to alumni database? Yes
The B-school has awarded 34,598 MBA degrees since its founding. It has 28,794 living MBA alumni, and 47 MBA club(s) throughout 28 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 25% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $150, and a mean gift of U.S. $6,034. 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. $220,000,000
ADDITIONAL SCHOOL COMMENTS
Program Length: The school does offer an accelerated 16- month program that begins in January. Students in this program do not do summer internships.
Financial Aid Deadlines: To be considered for fellowships, applications must be received by January 15.
Scholarship applications and instructions are mailed to all admitted students as part of the student's admittance packet; scholarship applications should not be submitted until one is admitted.
Career directions: Government and Non-Profit are combined with 1.4% of graduates taking positions in those industries.
Information found in this survey was provided on behalf of the B-school by Maria Graham
|
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Copyright 2003, Bloomberg L.P.
