received their first job offer within the first three months after graduation
80%
were company sponsored, or already employed (2)
7%
were continuing their education (after graduation) (3)
4%
were starting a new business (4)
1%
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. Johnson & Johnson
8
2. IBM
7
3. Avaya
6
4. CIGNA
6
5. Citigroup
5
6. Honeywell
5
7. Lehman Brothers
5
8. Standard & Poors
5
9. UBS Warburg
5
10. American Express
4
11. AT&T
4
12. J.P. Morgan Chase
4
13. Unilver
4
14. Air Products & Chemicals
3
15. General Electric
3
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
$83,300
Median starting-base salary (excluding bonuses) for the Class of 2003
$85,000
Average first-year signing bonus
$15,000
Median first-year signing bonus
$15,000
Job-accepting graduates who received a signing bonus
64%
(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
$20,000
Median MBA loans
$43,000
Average number of job offers at graduation
1.6
Average living expenses (not including tuition) over course of program
$41,128
Summer internship resulted in full-time employment
39%
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
Consulting
10%
Finance/Accounting
41%
General Management
13%
Human Resources
1%
Marketing/Sales
16%
Management Information Systems
0%
Operations/Logistics
3%
Other
16%
Graduates accepting jobs in the following regions:
Africa
0%
Asia
4%
Eastern and Central Europe and Central Asia
0%
Latin America and the Carribean
3%
Middle East
0%
North America
(Canada: 0% / U.S.: 100%)
85%
Oceania
0%
Western Europe
1%
Graduates accepting jobs within North America:
Canada
0%
Mid-Atlantic U.S.
9%
Midwest U.S.
9%
Northeast U.S.
61%
South U.S.
8%
Southwest U.S.
3%
U.S. Possessions and territories
1%
West U.S.
7%
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
11
2. Johnson & Johnson
10
3. Citigroup
8
4. Pfizer
7
5. General Electric
6
6. IBM
6
7. Lehman Brothers
6
8. Unilever
6
9. Goldman Sachs
5
10. Hewlett Packard
5
11. Honeywell
5
12. S.C. Johnson
5
13. Standard & Poors
5
14. Deloitte
5
15. Kraft; UBS Warburg
4
Internship compensation:
Paid internships
93%
Average internship compensation (per week)
$1,222
Median internship compensation (per week)
$1,297
Average internship length (weeks)
8
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
Destination
Month offered
Paid for by B-School
National Society of Hispanic MBAs
n/a
No
National Black MBA Association
n/a
No
Walk Down 128th St.
n/a
No
Week in Silicon Valley
n/a
No
Week on Wall St.
n/a
No
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $2,900,000
Technology changes made over the past three years:
Teleconferencing between classrooms; teleconferencing for student interview use; 50 new computers for public lab; new walk-up work-stations; new administrative databases for admissions, cmc, registrar & alumni; addition of new web administrator; pevamped website; customer relations management system; new e-commerce servers; testing of new video teleconferencing remote classrooms; new e-mail system (Outlook on Exchange Servers); six new video projectors
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Current MBA students given access to alumni database? Yes
The B-school has awarded 10,915 MBA degrees since its founding. It has 10,576 living MBA alumni, and 16 MBA club(s) throughout 4 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 21% 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. $559. 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. $107,000,000
ADDITIONAL SCHOOL COMMENTS
Classes Begin on Aug. 25 for the two year program, and on May 27 for Twelve Month Option.
Program Length: Twenty months is only for the full two year program. The Twelve-Month-Option runs for 12 months, from the week following graduation to the following graduation.
Student Demographics: International students include visa and permanent residents. Visa-holders only are 26%.
Inteview Deadlines: The school does not have interview deadlines. Interviews are conducted by invitation
only.
Application Deadlines: 10/15/03 for the two-year program, TMO; 11/15/03 for the two-year, TMO; 12/15/03 for the TMO; 1/15/04 for the two-year, TMO; 3/1/04 for the TMO; and finally 3/15/04 for the two-year program.
Financial Aid Deadlines: 1/15/04 - Scholarships; 4/15/04 -Financial Aid
Elective Courses: First, all elective courses taken by Johnson students across Cornell University. There are more available, these are only the ones our students chose to take in the past academic year. Second, only Johnson School electives.
Concentrations/Specializations: The Johnson School does not have specializations or concentrations, however, students can take "focused" programs the second semester of their first year (Immersions), or focus their course work in these directions.
Accelerated MBA: The school's Twelve Month Option is the only accelerated program available to students with graduate degrees and proven quantitative skills. This is not an option for those holding undergraduate degrees in business.
Joint-Degree Programs: The Johnson School does not have joint-degree programs, all programs are dual degree programs, where participants earn two (or more) separate degrees from two (or more) separate colleges within the university.
Job-Searching Trips: The Johnson School does not "pay" for the room/board for the students, but will often rent a bus to the site of the trip, or help coordinates the trip, and sends along staff to coordinate while at the site. These trips are often partly educational/partly networking and career based trips. Here is the complete list: National Society of Hispanic MBAs; National Black MBA Association
Walk Down 128th St; Week in Silicon Valley; Week on Wall Street; Walk Down State Street; Pacific Northwest Trip;
Annual Global MBA/Masters Employment Conference; MIT European Career Fair; Student Trek to Asia (Hong Kong, China); Day with a Trader
On Campus Recruiters/Companies Making Offers: The school does not report, per the MBA CSC standards. The school does not track job board recruiters
Job Regions: 7% of student body did not provide valid geographic information. Job Regions within North American: four people did not identify state.
On Campus Recruiters/ Companies Making Offers: Do not report per MBA CSC standards. Job board recruiters: Do not track
Information found in this survey was provided on behalf of the B-school by Richard D. Sweeney, Jr.
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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