THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 87% |
Graduates who: |
 | received their first job offer by graduation | 71% |
| 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
Alumni networking Web site:
http://www.bus.umich.edu/AlumniCommunity
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, Bloomberg L.P.
