THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 64% |
Graduates who: |
 | received their first job offer by graduation | 67% |
| 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, Bloomberg L.P.
