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
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 , by The McGraw-Hill Companies Inc. All rights reserved.
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