received their first job offer within the first three months after graduation
82%
were company sponsored, or already employed (2)
4%
were continuing their education (after graduation) (3)
0%
were starting a new business (4)
5%
postponed their job search
3%
did not seek employment for other reasons
n/a
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. General Electric
7
2. Capital One
6
3. Merrill Lynch
6
4. Bank of America
5
5. United Technologies
5
6. Standard & Poors
4
7. McKinsey
3
8. Deloitte Consulting
3
9. Deutsche Bank
3
10. General Motors
3
11. Johnston & Johnston
3
12. Lehman Brothers
3
13. MassMutual
3
14. Cargill/Colfax/Danaher
3
15. Pfizer, Wal Mart
3
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
$83,142
Median starting-base salary (excluding bonuses) for the Class of 2003
$85,000
Average first-year signing bonus
$12,139
Median first-year signing bonus
$10,000
Job-accepting graduates who received a signing bonus
71%
(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
$31,000
Average number of job offers at graduation
1.5
Average living expenses (not including tuition) over course of program
$38,416
Summer internship resulted in full-time employment
40%
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
Consulting
14%
Finance/Accounting
37%
General Management
34%
Human Resources
n/a
Marketing/Sales
12%
Management Information Systems
n/a
Operations/Logistics
1%
Other
2%
Graduates accepting jobs in the following regions:
Africa
n/a
Asia
3%
Eastern and Central Europe and Central Asia
n/a
Latin America and the Carribean
1%
Middle East
n/a
North America
(Canada: 1% / U.S.: 99%)
92%
Oceania
n/a
Western Europe
4%
Graduates accepting jobs within North America:
Canada
1%
Mid-Atlantic U.S.
25%
Midwest U.S.
12%
Northeast U.S.
33%
South U.S.
11%
Southwest U.S.
4%
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. Bank One Card Services
4
2. Citigroup, Salomon Smith Barney/Citibank
4
3. Colfax Corporation
5
4. Danaher Corporation
4
5. Dell Computer Corporation
4
6. Deloitte Consulting/Desutsche Bank/Upstate
3
7. Wal*Mart Stores, Inc. Corporate Offices
4
8. DuPont
4
9. General Mill, Inc./Landmark
3
10. JP Morgan Chase
6
11. United Technologies Corporation
4
12. Lehman Brothers
7
13. McKinsey & Co.
4
14. Merrill Lynch
6
15. Motorola Trader/Publishing Co./UBS
3
Internship compensation:
Paid internships
93%
Average internship compensation (per week)
$1,294
Median internship compensation (per week)
$1,375
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
Week on Wall Street (NYC)
Dec.
No
NBMBA (Nashville)
Sept.
No
NSHMBA (Phoenix) (assisted funding)
Nov.
n/a
Week in London
Dec.
No
Net Impact (D.C.)
Nov.
No
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $10,500,000
Technology changes made over the past three years:
Online admissions, class registration, career services, community calendar, and alumni networking systems are being converted to a Java platform. An information portal delivers scheduling, assignment, community and messagin services to student, faculty and staff. The Darden Instructional Technology group has produced more than 75 multimedia cases, online modules, and simulations since 1999. All classroom seats are wired, and Darden's Internet access has been upgraded to one gigabit. Wireless access is provided in student areas. Darden provides support for the student notebook package including loaner machines. Digital video editing facilities are available to students. Digital still and video cameras are available for student check out. A 500-seat state-of-the-art multimedia auditorium is complete with broadcast capabilities as of March, 2002. Four additional technology-equipped classrooms opened in January 2003.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Current MBA students given access to alumni database? Yes
The B-school has awarded 7,224 MBA degrees since its founding. It has 7,105 living MBA alumni, and 27 MBA club(s) throughout 9 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 35% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $250, and a mean gift of U.S. $3,759. 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. $241,432,842
Information found in this survey was provided on behalf of the B-school by Susan Bernard
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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