THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 81% |
Graduates who: |
 | received their first job offer by graduation | 55% |
| received their first job offer within the first three months after graduation | 89% |
| were company sponsored, or already employed (2) | 3% |
| were continuing their education (after graduation) (3) | 1% |
| were starting a new business (4) | 5% |
| postponed their job search | 7% |
| did not seek employment for other reasons | 3% |
| |
| Companies that recruited second-year students on campus in past academic year | 30 |
| Companies that recruited second-year students via job boards in past academic year | 247 |
(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. Capital One |
9 |
| 2. PricewaterhouseCoopers |
6 |
| 3. Citibank |
5 |
| 4. Fannie Mae |
5 |
| 5. PepsiCo |
5 |
| 6. Cigna |
4 |
| 7. Eli Lilly |
4 |
| 8. Nextel |
4 |
| 9. The World Bank |
3 |
| 10. Air Products & Chemicals |
2 |
| 11. Johnson & Johnson |
2 |
| 12. Constellation Energy |
2 |
| 13. KPMG |
2 |
| 14. Booz Allen Hamilton |
2 |
| 15. Freddie Mac |
2 |
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
|
$75,799 |
Median starting-base salary (excluding bonuses) for the Class of 2003
|
$74,700 |
Average first-year signing bonus
|
$10,420 |
Median first-year signing bonus
|
$10,000 |
Job-accepting graduates who received a signing bonus
|
33% |
(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
|
$80,000 |
Median signing bonus
|
$13,000 |
Median other compensation
|
$15,000 |
Median MBA loans
|
$20,000 |
Average number of job offers at graduation
|
1.3 |
Average living expenses (not including tuition) over course of program
|
$32,799 |
Summer internship resulted in full-time employment
|
34% |
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 11% |
| Finance/Accounting | 39% |
| General Management | 5% |
| Human Resources | 0% |
| Marketing/Sales | 26% |
| Management Information Systems | 7% |
| Operations/Logistics | 6% |
| Other | 6% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 5% |
| Eastern and Central Europe and Central Asia | 0% |
| Latin America and the Carribean | 1% |
| Middle East | 1% |
North America
(Canada: 0% / U.S.: 100%) | 92% |
| Oceania | 0% |
| Western Europe | 1% |
Graduates accepting jobs within North America:
| Canada | 0% |
| Mid-Atlantic U.S. | 76% |
| Midwest U.S. | 5% |
| Northeast U.S. | 17% |
| South U.S. | 1% |
| Southwest U.S. | 0% |
| U.S. Possessions and territories | 0% |
| West U.S. | 1% |
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 36
Companies that recruited first-year MBA interns via job boards during past academic year: 165
Top 15 recruiting firms:
| Firm | Interns Hired |
| 1. Discovery Communications |
7 |
| 2. PepsiCo |
4 |
| 3. Black & Decker |
3 |
| 4. GSX |
3 |
| 5. Goldman Sachs |
3 |
| 6. Software AG |
3 |
| 7. Bank One |
2 |
| 8. Booz Allen Hamilton |
2 |
| 9. Citigroup |
2 |
| 10. NASD |
2 |
| 11. W.R. Grace |
2 |
| 12. Friedman Billings Ramsey |
2 |
| 13. Intel |
2 |
| 14. Lexmark |
2 |
| 15. The World Bank |
2 |
Internship compensation:
| Paid internships |
n/a |
| Average internship compensation (per week) |
n/a |
| Median internship compensation (per week) |
n/a |
| 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 |
National Black MBAA Conference
|
Sept. |
n/a |
National Society of Hispanic MBAs
|
Nov. |
n/a |
Silicon Valley Company Visit
|
Apr. |
n/a |
Career Quest Job Fair
|
Oct. |
n/a |
(see notes about job-searching trips)
|
n/a |
n/a |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $15,000,000
Technology changes made over the past three years:
Earlier this year (spring 2003), the Robert H. Smith School of Business opened its new Netcentric Behavioral Laboratory. It utilizes state-of-the-art technology to facilitate advanced behavioral research in business. The facility is the third major component of the Smith School's Netcentricity Laboratory, which also includes the Supply Chain Management Center and the Netcentric Financial Markets Laboratory. In the behavorial lab, Smith faculty and students are conducting studies in a dedicated workspace, which features 18 networked computer stations, leading behavioral research software applications, and videotaping capabilities. Four team rooms, also outfitted with computer workstations and software, complement the main lab space. Specific activities include computer-aided experiments, Internet-based behavioral research, and videotaped interviews and focus groups.
In fall 2003, the Smith School launched its dedicated supply chain teaching lab. The Smith School is a true world leader in integrating supply chain technology into the classroom. Oracle is the school's primary partner in the teaching lab, and it has also attracted other software providers, including SAP. Smith MBA and undergraduate students are using the available software to solve supply chain problems. The knowledge and hands-on experience gained in this environment will yield tremendous benefits for the students, making them even more marketable in the supply chain management world of work.
The $38-million-plus expansion of Van Munching Hall, home of the Smith School of Business, opened for classes in fall 2002. The four-story, 103,300-square-foot space is an attractive, functional, and technologically advanced learning environment. Joined on every floor to the original wing (opened in 1993), the new facility doubles the size of the business school's home. This new space includes eight classrooms, each complete with a wired data jack at each student seat, dual LCD projectors and projection screens, video and audio conferencing equipment and software, wireless computing access, and collaborative multimedia hardware and software.
In addition to the Netcentric Behavioral Laboratory described above, the new space houses a computer laboratory dedicated to education in financial trading and portfolio management, other research-focused technology labs, and a 24/7 computer lab.
Also housed in the new wing is a study lounge for Smith MBA students, complete with lockers that house jacks to power up their laptops.
The Associated General Contractors (ACG) of America recognized the new Van Munching Hall wing in August 2003 for its advanced technology. ACG's Maryland chapter honored the project's contractor, The Whiting Turner Contracting Company, with the chapter's 2003 Build Maryland Award for "State of the Art Advancement."
ALUMNI AFFAIRS
University offers placement services for MBA alumni? No
Alumni networking Web site:
http://www.virtualgroups.net/rhsmith/
groupcp.php?g=4
Current MBA students given access to alumni database? Yes
The B-school has awarded n/a MBA degrees since its founding. It has 6,257 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, 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. n/a
ADDITIONAL SCHOOL COMMENTS
The Smith School partially pays for participation in job-searching trips. With regards to application deadlines, for full-time MBA international applications: Nov. 15, Dec. 15, and Jan. 15. For full-time MBA domestic students: Dec. 1, Feb. 1, March 15, and May 1.
Information found in this survey was provided on behalf of the B-school by Anne Moultrie
|
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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