THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 80% |
Graduates who: |
 | received their first job offer by graduation | 70% |
| received their first job offer within the first three months after graduation | 85% |
| were company sponsored, or already employed (2) | 10% |
| were continuing their education (after graduation) (3) | 1% |
| were starting a new business (4) | 8% |
| postponed their job search | 1% |
| did not seek employment for other reasons | 0% |
| |
| Companies that recruited second-year students on campus in past academic year | 124 |
| Companies that recruited second-year students via job boards in past academic year | 305 |
(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 |
6 |
| 2. Barclays Capital |
5 |
| 3. CHEP |
5 |
| 4. Lehman Brothers |
5 |
| 5. Citigroup |
4 |
| 6. Deutsche Bank |
4 |
| 7. Johnson & Johnson |
4 |
| 8. Roland Berger Strategy Consultants |
3 |
| 9. BBVA |
2 |
| 10. Booz Allen & Hamilton |
2 |
| 11. DMR Consulting |
2 |
| 12. Goldman Sachs |
2 |
| 13. L'Oreal |
2 |
| 14. Shell |
2 |
| 15. Eli Lilly |
2 |
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
|
$71,750 |
Median starting-base salary (excluding bonuses) for the Class of 2003
|
$69,930 |
Average first-year signing bonus
|
$17,267 |
Median first-year signing bonus
|
$16,270 |
Job-accepting graduates who received a signing bonus
|
13% |
(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
|
$65,000 |
Median signing bonus
|
$15,000 |
Median other compensation
|
$19,500 |
Median MBA loans
|
$22,500 |
Average number of job offers at graduation
|
1.7 |
Average living expenses (not including tuition) over course of program
|
$31,933 |
Summer internship resulted in full-time employment
|
22% |
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 20% |
| Finance/Accounting | 19% |
| General Management | 31% |
| Human Resources | 2% |
| Marketing/Sales | 16% |
| Management Information Systems | 0% |
| Operations/Logistics | 7% |
| Other | 5% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 1% |
| Eastern and Central Europe and Central Asia | 2% |
| Latin America and the Carribean | 6% |
| Middle East | 0% |
North America
(Canada: n/a / U.S.: n/a ) | 4% |
| Oceania | 0% |
| Western Europe | 87% |
Graduates accepting jobs within North America:
| Canada | n/a |
| Mid-Atlantic U.S. | n/a |
| Midwest U.S. | n/a |
| Northeast U.S. | 2% |
| South U.S. | n/a |
| Southwest U.S. | n/a |
| U.S. Possessions and territories | n/a |
| West U.S. | 2% |
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 105
Companies that recruited first-year MBA interns via job boards during past academic year: 204
Top 15 recruiting firms:
| Firm | Interns Hired |
| 1. McKinsey & Company |
9 |
| 2. CRM Concord |
6 |
| 3. Fico Mirrors |
4 |
| 4. ENDESA |
3 |
| 5. BCI Chile |
3 |
| 6. Morgan Stanley |
3 |
| 7. Lehman Brothers |
3 |
| 8. BBVA |
2 |
| 9. Citigroup |
2 |
| 10. Europraxis Consulting |
2 |
| 11. HSBC Bank |
2 |
| 12. Johnson & Johnson |
2 |
| 13. Roche Diagnostics |
2 |
| 14. Boston Consulting Group |
2 |
| 15. Vodafone |
2 |
Internship compensation:
| Paid internships |
100% |
| Average internship compensation (per week) |
n/a |
| Median internship compensation (per week) |
n/a |
| 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 |
London Finance Club Trip
|
Dec. |
No |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $9
Technology changes made over the past three years:
In 2003, the school partnered with KROL DIGITAL, a Web casting services specialist in collaboration with NNT/VERIO, a leading carrier in Web hosting services for an advanced videostreaming platform based on priority and patented encoding technology compatible with all standard decoding technologies on the market. The school also formed an agreement with TRENDMICRO, a world leader in global solutions for full protection against virus and spam; and an agreement with Airwave for a specific management platform for the corporate wireless LAN.
In 2002, IESE partnered with market leader TRIDION for an Advanced Internet Content Manager Platform; and with TOSHIBA for use of corporate Pocket PCs and laptops based on wifi and Bluetooth technologies.
In 2001, IESE partnered with UUNET. IESE reports that its Internet connection (34 mbps in Barcelona + 4 mbps in Madrid = 42 mbps) is the most powerful among European business schools in terms of speed and capacity (bandwith).
The school created an advanced e-learning platform for its Global Executive MBA program, and partnered with TECHNOTRENDS-TANBERG Vision 6000-7000 for Virtual Classroom, i.e., "distance-learning", among many other things.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://www.iese.edu/alumni/career/eboc.html
Current MBA students given access to alumni database? Yes
The B-school has awarded 4,800 MBA degrees since its founding. It has 4,744 living MBA alumni, and 18 MBA club(s) throughout 39 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 50% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $378, and a mean gift of U.S. $378. The school has received a gift in excess of U.S. $10 million between Jan. 2001 and Oct. 2003, and the B-school endowment is U.S. $60,000,000
ADDITIONAL SCHOOL COMMENTS
The IESE MBA is an academically rigorous 19 month program with a general management orientation. It seeks to develop sound business judgement, the ability to work effectively in a variety of cultural contexts, and the knowledge, capabilities and attitudes for on-going professional success in the field of international business. IESE students have strong academic records, substantial and substantive previous work experience, leadership qualities, and the ability to speak at least one foreign language fluently. They have an average age of 28, some 4 years post graduate work experience and an average GMATof 670.
The MBA is offered in Barcelona in English. Spanish is not required for admission although students study intensively during the first year of the program and may take MBA courses in Spanish during the second year of study.
IESE consistently ranks among Europe's top 5 MBA programs in the world's most important business school rankings.
IESE's MBA Career Services division maintains extensive connections with major corporations and new business ventures throughout Europe, the US and Latin America. More than 50 top international recruiting firms attend IESE's annual MBA Career Forum and 350 companies recruit for IESE MBAs each year. Some 80% of students find their first jobs after graduation through Career Services.
Over 60% of IESE's 140 full-time faculty are full-time and have earned their degrees at the most prestigious business schools. Their research and writings contribute to publications and books published around the world, and serve as consultants to many of the world's leading companies.
Situated on the outskirts of Barcelona, one of Europe's most dynamic cities, IESE occupies a verdant campus with sweeping views of the Mediterranean. The city and surrounding countryside offer unparalleled opportunities for business, recreation and cultural activities.
Information found in this survey was provided on behalf of the B-school by Carina Gemperle
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Copyright 2003, Bloomberg L.P.
