THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 99% |
Graduates who: |
 | received their first job offer by graduation | 75% |
| received their first job offer within the first three months after graduation | 90% |
| were company sponsored, or already employed (2) | n/a |
| were continuing their education (after graduation) (3) | n/a |
| were starting a new business (4) | n/a |
| postponed their job search | 100% |
| did not seek employment for other reasons | n/a |
| |
| Companies that recruited second-year students on campus in past academic year | 127 |
| Companies that recruited second-year students via job boards in past academic year | 163 |
(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. McKinsey and Company |
25 |
| 2. Bain and Company |
15 |
| 3. Boston Consulting Group |
14 |
| 4. Deloitte Consulting |
13 |
| 5. Johnson and Johnson |
10 |
| 6. Booz Allen Hamilton |
9 |
| 7. Lehman Brothers |
9 |
| 8. General Electric |
7 |
| 9. Guidant Corporation |
7 |
| 10. Kraft |
7 |
| 11. Microsoft |
7 |
| 12. Citigroup |
6 |
| 13. Ford Motor Company |
6 |
| 14. General Mills |
6 |
| 15. Jones Lang LaSalle |
5 |
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
|
$87,700 |
Median starting-base salary (excluding bonuses) for the Class of 2003
|
$85,000 |
Average first-year signing bonus
|
$16,160 |
Median first-year signing bonus
|
$15,000 |
Job-accepting graduates who received a signing bonus
|
67% |
(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
|
$85,000 |
Median signing bonus
|
$20,000 |
Median other compensation
|
$20,000 |
Median MBA loans
|
$45,000 |
Average number of job offers at graduation
|
1.6 |
Average living expenses (not including tuition) over course of program
|
$53,652 |
Summer internship resulted in full-time employment
|
40% |
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 32% |
| Finance/Accounting | 26% |
| General Management | 10% |
| Human Resources | 0% |
| Marketing/Sales | 27% |
| Management Information Systems | 0% |
| Operations/Logistics | 1% |
| Other | 5% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 7% |
| Eastern and Central Europe and Central Asia | 1% |
| Latin America and the Carribean | 2% |
| Middle East | 0% |
North America
(Canada: 0% / U.S.: 100%) | 85% |
| Oceania | 1% |
| Western Europe | 3% |
Graduates accepting jobs within North America:
| Canada | 0% |
| Mid-Atlantic U.S. | 5% |
| Midwest U.S. | 43% |
| Northeast U.S. | 22% |
| South U.S. | 5% |
| Southwest U.S. | 5% |
| U.S. Possessions and territories | 0% |
| West U.S. | 17% |
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 115
Companies that recruited first-year MBA interns via job boards during past academic year: 232
Top 15 recruiting firms:
| Firm | Interns Hired |
| 1. McKinsey and Company |
21 |
| 2. Boston Consulting Group |
10 |
| 3. A.T. Kearney |
9 |
| 4. Diageo |
8 |
| 5. Goldman, Sachs and Company |
8 |
| 6. Johnson and Johnson |
8 |
| 7. Black and Decker |
7 |
| 8. Kraft |
7 |
| 9. Lehman Brothers |
7 |
| 10. Microsoft |
7 |
| 11. Morgan Stanley |
7 |
| 12. Bain and Company |
6 |
| 13. General Electric |
6 |
| 14. Intel Corporation |
6 |
| 15. Motorola |
6 |
Internship compensation:
| Paid internships |
97% |
| Average internship compensation (per week) |
$1,373 |
| Median internship compensation (per week) |
$1,425 |
| 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 |
Wall Street
|
n/a |
No |
Marketing Trek
|
n/a |
No |
European Tours
|
n/a |
No |
Entertainment/Media Trips
|
n/a |
No |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $18,000,000
Technology changes made over the past three years:
Kellogg continually introduces new technology tools and upgrades to its existing technology. Wireless network access is now available in all classrooms at the Kellogg School. Kellogg has implemented a powerful, new search engine for its website, and has implemented a new web-based survey tool and new course platform. Web-based prep courses for incoming students in math, accounting, microeconomics and statistics are available.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://kellogg.northwestern.edu/alumni
Current MBA students given access to alumni database? Yes
The B-school has awarded 55,000 MBA degrees since its founding. It has 45,000 living MBA alumni, and 85 MBA club(s) throughout 46 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, n/a 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. n/a. 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. $395,000,000
ADDITIONAL SCHOOL COMMENTS
On-campus interviews are conducted by date; Off-campus interviews are requested by date. Kellogg has approximately 85 student clubs. For more information, please visit: www.kellogg.northwestern.edu/difference/culture/clubs
Information found in this survey was provided on behalf of the B-school by Peggy King
|
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Copyright 2003, Bloomberg L.P.
