received their first job offer within the first three months after graduation
68%
were company sponsored, or already employed (2)
40%
were continuing their education (after graduation) (3)
15%
were starting a new business (4)
19%
postponed their job search
15%
did not seek employment for other reasons
11%
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. Bearing Point
4
2. The World Bank; BB&T; National Committee for Quality Assurance
2
3. Booz Allen Hamilton
1
4. Johnson & Johnson
1
5. Accenture
1
6. AC Nielsen
1
7. Goodyear
1
8. AOL Time Warner
1
9. Advisory Board Company
1
10. Environmental Protection Agency
1
11. Department of Defense
1
12. Axiom Systems
1
13. Reuters Software
1
14. ECG Management Consultants
1
15. Department of Homeland Security
1
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
$57,000
Median starting-base salary (excluding bonuses) for the Class of 2003
$55,000
Average first-year signing bonus
$8,300
Median first-year signing bonus
$5,000
Job-accepting graduates who received a signing bonus
19%
(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
$60,000
Median signing bonus
$5,000
Median other compensation
$15,000
Median MBA loans
$22,500
Average number of job offers at graduation
1.1
Average living expenses (not including tuition) over course of program
$57,250
Summer internship resulted in full-time employment
28%
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
Consulting
25%
Finance/Accounting
28%
General Management
13%
Human Resources
4%
Marketing/Sales
11%
Management Information Systems
5%
Operations/Logistics
7%
Other
7%
Graduates accepting jobs in the following regions:
Africa
0%
Asia
6%
Eastern and Central Europe and Central Asia
0%
Latin America and the Carribean
4%
Middle East
0%
North America
(Canada: 0% / U.S.: 100%)
90%
Oceania
0%
Western Europe
0%
Graduates accepting jobs within North America:
Canada
0%
Mid-Atlantic U.S.
82%
Midwest U.S.
2%
Northeast U.S.
8%
South U.S.
8%
Southwest U.S.
0%
U.S. Possessions and territories
0%
West U.S.
0%
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. U.S. Air Force, Office of General Council on Ethics
5
2. World Bank
3
3. Friedman, Billings, & Ramsey
2
4. Ernst & Young
2
5. U.S. Department of Agriculture
2
6. Intelsat
3
7. National Public Radio
2
8. U.S. Chamber of Commerce
2
9. Estee Lauder
1
10. Deutsche Post
1
11. Credit Suisse First Boston
1
12. AOL Time Warner
1
13. U.S. Export/Import Bank
1
14. Siemens Business Solutions
1
15. Inter-American Development Bank
1
Internship compensation:
Paid internships
77%
Average internship compensation (per week)
$725
Median internship compensation (per week)
n/a
Average internship length (weeks)
12
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
Destination
Month offered
Paid for by B-School
New York City
Oct.
No
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $739,745
Technology changes made over the past three years:
The school replaces computers for one-third of its faculty each year. There is a wireless network in MBA caserooms. The school has updated its financial markets lab (computers and software), and added new video projectors and laptops for audio-visual office. Computer labs are updated every three years.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site: n/a
Current MBA students given access to alumni database? No
The B-school has awarded 15,894 MBA degrees since its founding. It has n/a living MBA alumni, and n/a MBA club(s) n/a countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 9% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $50, and a mean gift of U.S. $823. 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. $32,293,510
ADDITIONAL SCHOOL COMMENTS
The school reports that 38% of the MBA class went to Government or Non-Profit positions, which is reflected in a lower salary.
Information found in this survey was provided on behalf of the B-school by Kathleen Rogan
=Subscribers Only
Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
MBA Insider
