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 | 87% |
| were company sponsored, or already employed (2) | 4% |
| were continuing their education (after graduation) (3) | 11% |
| were starting a new business (4) | 1% |
| postponed their job search | 6% |
| did not seek employment for other reasons | 13% |
| |
| 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 |
8 |
| 2. Aegon USA, Inc. |
3 |
| 3. John Deere Credit |
3 |
| 4. Best Buy |
2 |
| 5. Kimberly-Clark |
2 |
| 6. Citigroup Inc. |
2 |
| 7. Pearson |
2 |
| 8. Principal Financial Group |
2 |
| 9. HON Industries |
2 |
| 10. Northwest Airlines |
1 |
| 11. The Allstate Corp. |
1 |
| 12. Allsteel, Inc. |
1 |
| 13. Lil' Drug Store Products, Inc. |
1 |
| 14. Procter & Gamble |
1 |
| 15. Rockwell Collins |
1 |
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
|
$63,536 |
Median starting-base salary (excluding bonuses) for the Class of 2003
|
$65,000 |
Average first-year signing bonus
|
$4,440 |
Median first-year signing bonus
|
$3,000 |
Job-accepting graduates who received a signing bonus
|
27% |
(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
|
$71,000 |
Median signing bonus
|
$10,000 |
Median other compensation
|
$10,000 |
Median MBA loans
|
$17,000 |
Average number of job offers at graduation
|
1.0 |
Average living expenses (not including tuition) over course of program
|
$22,900 |
Summer internship resulted in full-time employment
|
32% |
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 4% |
| Finance/Accounting | 58% |
| General Management | 8% |
| Human Resources | 0% |
| Marketing/Sales | 25% |
| Management Information Systems | 0% |
| Operations/Logistics | 0% |
| Other | 4% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 8% |
| Eastern and Central Europe and Central Asia | 0% |
| Latin America and the Carribean | 0% |
| Middle East | 0% |
North America
(Canada: 0% / U.S.: 100%) | 87% |
| Oceania | 0% |
| Western Europe | 4% |
Graduates accepting jobs within North America:
| Canada | 0% |
| Mid-Atlantic U.S. | 0% |
| Midwest U.S. | 75% |
| Northeast U.S. | 4% |
| South U.S. | 4% |
| Southwest U.S. | 4% |
| 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. General Electric Company |
6 |
| 2. HON Industries |
3 |
| 3. Olsen Engineering |
2 |
| 4. Pearson |
2 |
| 5. IHSC Information Handling Systems |
2 |
| 6. Principal Global Investors |
2 |
| 7. Best Buy |
1 |
| 8. John Deere Credit |
1 |
| 9. Procter & Gamble |
1 |
| 10. Standard & Poor |
1 |
| 11. General Motors |
1 |
| 12. Sara Lee Branded Apparel |
1 |
| 13. Maytag Corporation |
1 |
| 14. Allstate Investments |
1 |
| 15. MBNA |
1 |
Internship compensation:
| Paid internships |
81% |
| Average internship compensation (per week) |
$803 |
| Median internship compensation (per week) |
$800 |
| 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 |
Natioanl Black MBA Assn., Philadelphia PA
|
Sept. |
Yes |
Global MBA/Masters Employment Conf., Orlando FL
|
Oct. |
No |
Disco International, Boston MA
|
Oct. |
Yes |
National Society of Hispanic MBAs, Phoenix AZ
|
Nov. |
Yes |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $863,086
Technology changes made over the past three years:
New College Web server & extensive revision to Web site; Installation and support of computers and laptops in Business Library; Upgrade of network infrastructure, including complete rewire and replacement of electronics; Implementation of student production Web server for class projects, including connection to campus Active Directory server for authentication; Increased PDA support; New Oracle server for instructional use; Acquisition of WRDS from Wharton; Acquistion of DataStream; New backup system; Acquired euipment for IP videoconferencing; Upgraded Business Library laptops; Upgraded to Windows and Office XP; Moved to Active Directory authentication; Reprogrammed a more robust interact for the student project Webserver; Increased coverage of the 802.1 lb. wireless network; Moved Blackboard to central service to increase stability and security; Replaced computers in labs, classrooms, and graduate student offices.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://groups.msn.com/TippieMBAAlumni
Current MBA students given access to alumni database? Yes
The B-school has awarded 5,383 MBA degrees since its founding. It has 5,312 living MBA alumni, and 0 MBA club(s) n/a countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 16% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $100, and a mean gift of U.S. $362. 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. $31,479,079
ADDITIONAL SCHOOL COMMENTS
With regards to Intellectual property rights: If the venture is developed on campus, then the answer is Yes. However, if the development is unrelated to the school, then the answer is No.
Information found in this survey was provided on behalf of the B-school by Sharon Scheib
|
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Copyright 2003, Bloomberg L.P.
