THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 70% |
Graduates who: |
 | received their first job offer by graduation | 75% |
| 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
Alumni networking Web site:
http://www.carlsonschool.umn.edu/alumnionline
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, Bloomberg L.P.
