received their first job offer within the first three months after graduation
81%
were company sponsored, or already employed (2)
6%
were continuing their education (after graduation) (3)
4%
were starting a new business (4)
2%
postponed their job search
n/a
did not seek employment for other reasons
2%
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
12
2. Johnson & Johnson
11
3. Medtronic
10
4. Ford Motor Company
10
5. Booz-Allen Hamilton, Inc.
9
6. American Express Company
8
7. General Electric
7
8. Citigroup/Salomon Smith Barney
7
9. Deloitte Consulting
6
10. General Mills, Inc.
5
11. Lehman Brothers
5
12. General Motors Corp.
5
13. Merck & Co. Inc.
5
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
$84,303
Median starting-base salary (excluding bonuses) for the Class of 2003
$85,000
Average first-year signing bonus
$15,800
Median first-year signing bonus
$15,000
Job-accepting graduates who received a signing bonus
80%
(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
$19,000
Median other compensation
$25,000
Median MBA loans
$43,000
Average number of job offers at graduation
1.5
Average living expenses (not including tuition) over course of program
$42,369
Summer internship resulted in full-time employment
33%
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
Consulting
17%
Finance/Accounting
36%
General Management
6%
Human Resources
2%
Marketing/Sales
28%
Management Information Systems
n/a
Operations/Logistics
3%
Other
5%
Graduates accepting jobs in the following regions:
Africa
n/a
Asia
8%
Eastern and Central Europe and Central Asia
8%
Latin America and the Carribean
3%
Middle East
4%
North America
(Canada: 4% / U.S.: 96%)
88%
Oceania
4%
Western Europe
n/a
Graduates accepting jobs within North America:
Canada
4%
Mid-Atlantic U.S.
6%
Midwest U.S.
40%
Northeast U.S.
22%
South U.S.
3%
Southwest U.S.
5%
U.S. Possessions and territories
n/a
West U.S.
10%
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. Dell Incorporated
13
2. American Express
11
3. Booz-Allen Hamilton, Inc.
10
4. Citigroup, Salomon Smith Barney
10
5. Ford Motor Company
10
6. Hewlett-Packard, Inc.
10
7. Johnson & Johnson
10
8. UBS Warburg
9
9. JP Morgan Chase
8
10. Kraft
8
11. Deutsche Bank
6
12. EDS, Inc.
6
13. General Electric
6
14. General Motors
6
15. World Bank
6
Internship compensation:
Paid internships
96%
Average internship compensation (per week)
$1,207
Median internship compensation (per week)
$1,292
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
New York
Nov.
Yes
California
Dec.
Yes
Boston
Feb.
No
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: n/a
Technology changes made over the past three years:
n/a
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Current MBA students given access to alumni database? Yes
The B-school has awarded 23,512 MBA degrees since its founding. It has 34,189 living MBA alumni, and 40 MBA club(s) throughout 18 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 21% 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. $770. 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. $216,000,000
Information found in this survey was provided on behalf of the B-school by Cynthia Shaw
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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