received their first job offer within the first three months after graduation
90%
were company sponsored, or already employed (2)
9%
were continuing their education (after graduation) (3)
11%
were starting a new business (4)
3%
postponed their job search
7%
did not seek employment for other reasons
6%
Companies that recruited second-year students on campus in past academic year
71
Companies that recruited second-year students via job boards in past academic year
153
(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. Whirlpool Corporation
5
2. Johnson & Johnson
4
3. Johnson Controls
4
4. PricewaterhouseCoopers
3
5. LG Corp.
3
6. Procter & Gamble
2
7. International Truck & Engine Corp.
2
8. Delphi Corp. ; SBC Communications
2
9. Standard Chartered Bank ; Target Corp.
2
10. Bank One ; Capital One
1
11. Allstate ; Pfizer
1
12. Citigroup ; CBS
1
13. Eaton ; Gallup Organization ; KPMG LLP
1
14. Microsoft ; Oracle
1
15. Sara Lee ; Xerox; AC Nielsen
1
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
$73,859
Median starting-base salary (excluding bonuses) for the Class of 2003
$72,000
Average first-year signing bonus
$9,732
Median first-year signing bonus
$8,500
Job-accepting graduates who received a signing bonus
59%
(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
$70,000
Median signing bonus
$9,000
Median other compensation
$19,000
Median MBA loans
$20,000
Average number of job offers at graduation
1.5
Average living expenses (not including tuition) over course of program
$33,793
Summer internship resulted in full-time employment
21%
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
Consulting
10%
Finance/Accounting
29%
General Management
10%
Human Resources
2%
Marketing/Sales
37%
Management Information Systems
2%
Operations/Logistics
2%
Other
8%
Graduates accepting jobs in the following regions:
Africa
0%
Asia
14%
Eastern and Central Europe and Central Asia
0%
Latin America and the Carribean
0%
Middle East
0%
North America
(Canada: 0% / U.S.: 100%)
86%
Oceania
0%
Western Europe
0%
Graduates accepting jobs within North America:
Canada
0%
Mid-Atlantic U.S.
2%
Midwest U.S.
84%
Northeast U.S.
7%
South U.S.
2%
Southwest U.S.
0%
U.S. Possessions and territories
0%
West U.S.
5%
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 41
Companies that recruited first-year MBA interns via job boards during past academic year: 77
Top 15 recruiting firms:
Firm
Interns Hired
1. Ford Motor Company ; SBC Communications
3
2. Honeywell ; Union Consulting
3
3. Kraft Foods Inc.
3
4. Motorola; General Electric
2
5. Marriott International
2
6. Ernst & Young LLP; Goldman Sachs; Pfizer
1
7. IBM; Johnson & Johnson; Procter & Gamble
1
8. Dell Computer; Deloitte & Touche
1
9. VISA ; Whirlpool Corp.
1
10. Pepsi Cola Bottling Co.; International Truck & Engine Corp.
1
11. Allstate; Dow Jones
1
12. Labatt USA ; John Deere
1
13. Principal Financial Group ; HSBC Bank
1
14. Mercury Records / MCA Records ; Philips Electronics
1
15. Chicago Tribune ; Archer Daniels Midland
1
Internship compensation:
Paid internships
89%
Average internship compensation (per week)
$1,200
Median internship compensation (per week)
$1,162
Average internship length (weeks)
9
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
Destination
Month offered
Paid for by B-School
National Black MBA Career Conference
Sept.
No
CareerQuest Alumni Networking Event
Sept.
Yes
National Society for Hispanic MBAs Career Conf.
Nov.
No
Global MBA Career Conference
Oct.
No
FasTrak - Alumni / Corporate Outreach Program
n/a
Yes
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $500,000
Technology changes made over the past three years:
Network upgrade to Cat 5; installation of multimedia equipment in classrooms; student computer labs upgraded; servers upgraded; and upgrade of faculty machines.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site: n/a
Current MBA students given access to alumni database? Yes
The B-school has awarded 6,518 MBA degrees since its founding. It has 6,447 living MBA alumni, and 1 MBA club(s) in 1 country, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 6% 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. $194. 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. $46,109,000
ADDITIONAL SCHOOL COMMENTS
For general inquiries please visit the school website at http://www.mba.uiuc.edu/
Information found in this survey was provided on behalf of the B-school by Mary Miller
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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