received their first job offer within the first three months after graduation
93%
were company sponsored, or already employed (2)
4%
were continuing their education (after graduation) (3)
0%
were starting a new business (4)
5%
postponed their job search
12%
did not seek employment for other reasons
9%
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. Honeywell
5
2. 3M
4
3. Medtronic
3
4. RBC Dain Rauscher
3
5. U.S. Bancorp Piper Jaffray
3
6. Deloitte
3
7. Carlson Companies
3
8. General Electric
2
9. Kimberly-Clark
2
10. Target
2
11. Guidant
2
12. Kurt Salmon Associates
2
13. U.S. Bancorp
2
14. Samsung
2
15. General Mills
1
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
$76,306
Median starting-base salary (excluding bonuses) for the Class of 2003
$77,000
Average first-year signing bonus
$10,099
Median first-year signing bonus
$10,000
Job-accepting graduates who received a signing bonus
77%
(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
$10,000
Median MBA loans
$14,000
Average number of job offers at graduation
1.3
Average living expenses (not including tuition) over course of program
$34,945
Summer internship resulted in full-time employment
26%
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
Consulting
19%
Finance/Accounting
36%
General Management
11%
Human Resources
n/a
Marketing/Sales
23%
Management Information Systems
2%
Operations/Logistics
9%
Other
0%
Graduates accepting jobs in the following regions:
Africa
0%
Asia
8%
Eastern and Central Europe and Central Asia
0%
Latin America and the Carribean
0%
Middle East
0%
North America
(Canada: 2% / U.S.: 98%)
91%
Oceania
0%
Western Europe
2%
Graduates accepting jobs within North America:
Canada
2%
Mid-Atlantic U.S.
3%
Midwest U.S.
88%
Northeast U.S.
3%
South U.S.
2%
Southwest U.S.
2%
U.S. Possessions and territories
0%
West U.S.
0%
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. Honeywell
6
2. 3M
5
3. Best Buy
5
4. General Mills
5
5. Medtronic
4
6. American Express
3
7. Ecolab
3
8. Boston Scientific
3
9. Cummins
3
10. Cargill
2
11. Deloitte
2
12. Con Agra
2
13. Donaldson
2
14. Toro
2
15. Marvin Windows
2
Internship compensation:
Paid internships
95%
Average internship compensation (per week)
$1,016
Median internship compensation (per week)
$1,000
Average internship length (weeks)
11
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
Destination
Month offered
Paid for by B-School
Chicago, IL
Sept.
Yes
New York, NY
Jan.
Yes
San Francisco, CA
Jan.
Yes
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $2,000,000
Technology changes made over the past three years:
Implemented wireless network; a Storage Area Network, increasing available faculty and student storage 10-fold; upgraded classroom projectors and podium computers, all student lab computers; student training lab computers; network file servers; upgraded and added Web servers; implemented a Carlson School Oracle datamart; upgraded distance learning facility; expanded research computing platform and databases; and added webcast capabilities.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Current MBA students given access to alumni database? Yes
The B-school has awarded 15,040 MBA degrees since its founding. It has 10,940 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, 7% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $50, and a mean gift of U.S. $267. 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. $126,780,811
Information found in this survey was provided on behalf of the B-school by Carolyn Chase
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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