received their first job offer within the first three months after graduation
65%
were company sponsored, or already employed (2)
0%
were continuing their education (after graduation) (3)
0%
were starting a new business (4)
88%
postponed their job search
0%
did not seek employment for other reasons
12%
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. McKinsey & Company
8
2. American Express
6
3. Barclays Capital
6
4. Citigroup
5
5. Morgan Stanley
5
6. Johnson & Johnson
4
7. Bank of America
3
8. Deutsche Bank
3
9. Lehman Brothers
3
10. LEK Consulting
3
11. Philip Morris
3
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
$92,566
Median starting-base salary (excluding bonuses) for the Class of 2003
$91,504
Average first-year signing bonus
$22,449
Median first-year signing bonus
$21,628
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
$86,000
Median signing bonus
$25,000
Median other compensation
$30,000
Median MBA loans
$30,000
Average number of job offers at graduation
1.3
Average living expenses (not including tuition) over course of program
$56,782
Summer internship resulted in full-time employment
33%
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
Consulting
33%
Finance/Accounting
41%
General Management
8%
Human Resources
0%
Marketing/Sales
13%
Management Information Systems
1%
Operations/Logistics
1%
Other
3%
Graduates accepting jobs in the following regions:
Africa
0%
Asia
10%
Eastern and Central Europe and Central Asia
1%
Latin America and the Carribean
4%
Middle East
1%
North America
(Canada: n/a / U.S.: n/a )
13%
Oceania
1%
Western Europe
70%
Graduates accepting jobs within North America:
Canada
n/a
Mid-Atlantic U.S.
n/a
Midwest U.S.
n/a
Northeast U.S.
n/a
South U.S.
n/a
Southwest U.S.
n/a
U.S. Possessions and territories
n/a
West U.S.
n/a
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. Barclays Capital
8
2. American Express
7
3. Credit Suisse First Boston
6
4. CItigroup
5
5. JP Morgan
5
6. Morgan Stanley
5
7. Diageo
4
8. International Finance Corporation
3
9. McKinsey & Company
3
10. Merrill Lynch
3
11. The Boston Consulting Group
3
12. UBS Warburg
3
Internship compensation:
Paid internships
94%
Average internship compensation (per week)
$1,249
Median internship compensation (per week)
$1,248
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
Japan
Mar.
n/a
China
Apr.
n/a
Latin America
n/a
n/a
US
Sept.
n/a
Europe
n/a
n/a
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $6,000,000
Technology changes made over the past three years:
The emphasis for the school's investment in the technology infrastructure has been on the creation of a resilient, robust and flexible infrastructure to provide a platform for delivery of services 24x7 to its extended community and partners across the globe.
Following a rigorous procurement process in 2000, the school engaged SUN Microsystems in a partner relationship to develop the enterprise infrastructure. The final stage of this project - the development of the London Business School Portal - is scheduled for completion in the summer of 2003.
In particular, investment has been made in following areas: Secure and resilient network infrastructure; Enterprise class mail and calendar services; Research services; Administrative databases; File and print services; Infrastructure management, including 24x7 monitoring and support of services.
The investment in technology has been backed up by a programme of staff development under the heading of "eXcite", focusing on Excellence and Customer Service. This programme recognises the importance of people in delivery of services and the need for staff to be focused and responsive to constant change in order to ensure technology continues to match the business requirements of the organisation.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Current MBA students given access to alumni database? Yes
The B-school has awarded 4,709 MBA degrees since its founding. It has 4,666 living MBA alumni, and 47 MBA club(s) throughout 42 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 12% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $210, and a mean gift of U.S. $837. 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. $25,000,000
Information found in this survey was provided on behalf of the B-school by Mary Ferreira
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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