THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 85% |
Graduates who: |
 | received their first job offer by graduation | 63% |
| received their first job offer within the first three months after graduation | 80% |
| were company sponsored, or already employed (2) | 7% |
| were continuing their education (after graduation) (3) | 7% |
| were starting a new business (4) | 13% |
| postponed their job search | 60% |
| did not seek employment for other reasons | 13% |
| |
| 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. Avaya, Inc. |
5 |
| 2. General Motors Corporation |
4 |
| 3. Whirlpool Corporation |
3 |
| 4. Raytheon Company |
2 |
| 5. Lexmark International, Inc. |
2 |
| 6. Kellogg Company |
2 |
| 7. Ford Motor Company |
2 |
| 8. DaimlerChrysler |
2 |
| 9. Danaher Corporation |
2 |
| 10. Fisher Scientific International |
2 |
| 11. The Dow Chemical Company |
2 |
| 12. McKinsey & Company |
1 |
| 13. Cisco Systems |
1 |
| 14. Intel Corporation |
1 |
| 15. Guidant Corporation |
1 |
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
|
$75,536 |
Median starting-base salary (excluding bonuses) for the Class of 2003
|
$75,800 |
Average first-year signing bonus
|
$9,283 |
Median first-year signing bonus
|
$9,500 |
Job-accepting graduates who received a signing bonus
|
79% |
(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
|
$75,000 |
Median signing bonus
|
$10,000 |
Median other compensation
|
$11,500 |
Median MBA loans
|
$19,000 |
Average number of job offers at graduation
|
1.3 |
Average living expenses (not including tuition) over course of program
|
$24,589 |
Summer internship resulted in full-time employment
|
39% |
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 7% |
| Finance/Accounting | 21% |
| General Management | 5% |
| Human Resources | 3% |
| Marketing/Sales | 14% |
| Management Information Systems | 3% |
| Operations/Logistics | 45% |
| Other | 2% |
Graduates accepting jobs in the following regions:
| Africa | n/a |
| Asia | 3% |
| Eastern and Central Europe and Central Asia | n/a |
| Latin America and the Carribean | 5% |
| Middle East | n/a |
North America
(Canada: n/a / U.S.: n/a ) | 89% |
| Oceania | n/a |
| Western Europe | 3% |
Graduates accepting jobs within North America:
| Canada | n/a |
| Mid-Atlantic U.S. | 5% |
| Midwest U.S. | 60% |
| Northeast U.S. | 8% |
| South U.S. | 3% |
| Southwest U.S. | 10% |
| U.S. Possessions and territories | n/a |
| West U.S. | 14% |
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. Ford Motor Company |
6 |
| 2. Delphi Corporation |
4 |
| 3. DaimlerChysler |
4 |
| 4. Reynolds & Reynolds |
3 |
| 5. Kellogg Company |
3 |
| 6. GMAC |
3 |
| 7. Cummins |
3 |
| 8. Whirlpool |
2 |
| 9. Steelcase |
2 |
| 10. Schneider National |
2 |
| 11. Mead Johnson & Co. |
2 |
| 12. Kerr-McGee |
2 |
| 13. Intel Corporation |
2 |
| 14. Hewlett-Packard |
2 |
| 15. ForeSee Results, Inc. |
2 |
Internship compensation:
| Paid internships |
97% |
| Average internship compensation (per week) |
$1,061 |
| Median internship compensation (per week) |
$1,059 |
| 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 |
NSHMBAA Career Fair
|
Nov. |
Yes |
Minneapolis Trek
|
Nov. |
Yes |
NBMBAA Career Fair
|
Sept. |
Yes |
Masters/Global Employment Conference
|
Oct. |
Yes |
New York Finance Trek
|
Feb. |
Yes |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $3,741,833
Technology changes made over the past three years:
Wireless Lab; MBA wireless space; Gast Library wireless; MBA Open Lab; New computers in all offices, library and laboratory; Enterprise Resource Planning (ERP) Lab; Financial Analysis Lab; Full access to historical databases for students; Full classroom access for all students to web and other servers; Fully wired all classrooms; Offices and student work areas connected with 1Gbit fiber; Full portability between business buildings on and off campus; Team Lab additional space and workstations networked; IBM on Demand Lab; MBA online technical orientation; Faculty and staff PC upgrades; Darden Admissions System; Firewall; Web Server Infrastructure Upgrades; MEC multimedia upgrades; Henry Center equipment upgrades.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://mba1.bus.msu.edu/alumni2/index.cfm
Current MBA students given access to alumni database? Yes
The B-school has awarded 10,133 MBA degrees since its founding. It has 9,881 living MBA alumni, and 5 MBA club(s) throughout 2 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 4% 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. $1,041. 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. $43,950,000
ADDITIONAL SCHOOL COMMENTS
Per the MBA CSC Reporting Standards (http://mbacsc.org/standards.asp), the school have chosen not to report numbers of companies recruiting.
Information found in this survey was provided on behalf of the B-school by Jennifer Chizuk
|
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Copyright 2003, Bloomberg L.P.
