THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 84% |
Graduates who: |
 | received their first job offer by graduation | 88% |
| received their first job offer within the first three months after graduation | 93% |
| were company sponsored, or already employed (2) | 10% |
| were continuing their education (after graduation) (3) | 1% |
| were starting a new business (4) | 3% |
| 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:
n/a
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
|
$94,308 |
Median starting-base salary (excluding bonuses) for the Class of 2003
|
$91,700 |
Average first-year signing bonus
|
$17,476 |
Median first-year signing bonus
|
$15,000 |
Job-accepting graduates who received a signing bonus
|
58% |
(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
|
$100,000 |
Median signing bonus
|
$20,000 |
Median other compensation
|
$35,000 |
Median MBA loans
|
$65,000 |
Average number of job offers at graduation
|
1.8 |
Average living expenses (not including tuition) over course of program
|
$65,774 |
Summer internship resulted in full-time employment
|
19% |
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 29% |
| Finance/Accounting | 28% |
| General Management | 19% |
| Human Resources | 0% |
| Marketing/Sales | 14% |
| Management Information Systems | 0% |
| Operations/Logistics | 1% |
| Other | 9% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 6% |
| Eastern and Central Europe and Central Asia | n/a |
| Latin America and the Carribean | 3% |
| Middle East | 0% |
North America
(Canada: 2% / U.S.: 98%) | 82% |
| Oceania | 0% |
| Western Europe | 9% |
Graduates accepting jobs within North America:
| Canada | 2% |
| Mid-Atlantic U.S. | 10% |
| Midwest U.S. | 10% |
| Northeast U.S. | 36% |
| South U.S. | 5% |
| Southwest U.S. | 10% |
| U.S. Possessions and territories | 0% |
| West U.S. | 13% |
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:
n/a
Internship compensation:
| Paid internships |
95% |
| Average internship compensation (per week) |
$6,192 |
| Median internship compensation (per week) |
$6,200 |
| 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: n/a
Technology changes made over the past three years:
n/a
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://www.alumni.hbs.edu/careers/careers.html
Current MBA students given access to alumni database? Yes
The B-school has awarded 51,042 MBA degrees since its founding. It has 38,214 living MBA alumni, and 106 MBA club(s) throughout 41 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 30% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $200, and a mean gift of U.S. $9,380. The school has received a gift in excess of U.S. $10 million between Jan. 2001 and Oct. 2003, and the B-school endowment is U.S. $1,331,000,000
ADDITIONAL SCHOOL COMMENTS
The program has 22% minority, which includes African American, Asian American, Hispanic American, and Native American.
*guaranteed loans max amount: cost of attendance less than other aid received.
Information found in this survey was provided on behalf of the B-school by Maura Byrne O'Sullivan
|
=Subscribers Only
Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
MBA Insider
