THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 74% |
Graduates who: |
 | received their first job offer by graduation | 65% |
| received their first job offer within the first three months after graduation | 81% |
| were company sponsored, or already employed (2) | 7% |
| were continuing their education (after graduation) (3) | 4% |
| were starting a new business (4) | 11% |
| postponed their job search | 23% |
| did not seek employment for other reasons | 55% |
| |
| Companies that recruited second-year students on campus in past academic year | 112 |
| Companies that recruited second-year students via job boards in past academic year | 71 |
(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. Deloitte & Touche |
3 |
| 2. Sabre |
3 |
| 3. BP |
3 |
| 4. Deutsche Bank |
2 |
| 5. FMC Technologies |
2 |
| 6. Goldman Sachs |
2 |
| 7. Hewlett Packard |
2 |
| 8. JPMorgan Chase |
2 |
| 9. Lehman Brothers |
2 |
| 10. Noble Drilling |
2 |
| 11. Stewart & Stevenson |
2 |
| 12. The Methodist Hospital |
2 |
| 13. UBS Warburg |
2 |
| 14. CapRock |
2 |
| 15. ExxonMobil |
1 |
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
|
$76,745 |
Median starting-base salary (excluding bonuses) for the Class of 2003
|
$70,000 |
Average first-year signing bonus
|
$12,285 |
Median first-year signing bonus
|
$10,000 |
Job-accepting graduates who received a signing bonus
|
44% |
(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
|
$80,000 |
Median signing bonus
|
$12,000 |
Median other compensation
|
$25,000 |
Median MBA loans
|
$36,000 |
Average number of job offers at graduation
|
1.4 |
Average living expenses (not including tuition) over course of program
|
$40,311 |
Summer internship resulted in full-time employment
|
32% |
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 13% |
| Finance/Accounting | 48% |
| General Management | 10% |
| Human Resources | 0% |
| Marketing/Sales | 19% |
| Management Information Systems | 0% |
| Operations/Logistics | 4% |
| Other | 6% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 1% |
| Eastern and Central Europe and Central Asia | 0% |
| Latin America and the Carribean | 1% |
| Middle East | 0% |
North America
(Canada: 0% / U.S.: 100%) | 97% |
| Oceania | 0% |
| Western Europe | 1% |
Graduates accepting jobs within North America:
| Canada | 0% |
| Mid-Atlantic U.S. | 1% |
| Midwest U.S. | 1% |
| Northeast U.S. | 10% |
| South U.S. | 4% |
| Southwest U.S. | 79% |
| U.S. Possessions and territories | 0% |
| West U.S. | 5% |
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 133
Companies that recruited first-year MBA interns via job boards during past academic year: 57
Top 15 recruiting firms:
| Firm | Interns Hired |
| 1. Hewlett Packard |
5 |
| 2. ConocoPhillips |
4 |
| 3. JP Morgan Chase |
3 |
| 4. Imperial Sugar |
3 |
| 5. FCA Corporation |
3 |
| 6. FMC Technologies |
3 |
| 7. Reliant Resources |
3 |
| 8. BlackRock |
2 |
| 9. Continental Airlines |
2 |
| 10. Lehman Brothers |
2 |
| 11. Marathon Oil |
2 |
| 12. Shell Oil |
2 |
| 13. Yum! Brands |
2 |
| 14. ExpressJet |
2 |
| 15. Stewart & Stevenson |
2 |
Internship compensation:
| Paid internships |
91% |
| Average internship compensation (per week) |
$968 |
| Median internship compensation (per week) |
$1,000 |
| Average internship length (weeks) |
8 |
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
| Destination | Month offered | Paid for by B-School |
Atlanta Consortium
|
Nov. |
No |
New York Consortium
|
Jan. |
No |
Wall Street Trip
|
Jan. |
No |
NSHMBA Conference
|
Nov. |
No |
NBMBAA Conference
|
Sept. |
No |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $7,500,000
Technology changes made over the past three years:
Each student is provided with a free, fully-loaded laptop computer, Pentium 4. Wireless adaptors are an integral part of the computer.
The new building is fully wired with a high-speed network with a comprehensive wireless overlay. Students and faculty can work anywhere in the building. The El Paso Corporation Finance Center marries AV and computing to create a flexible teaching tool which goes far beyond a trding room. A research lab as well as a classroom, fincance enter material can be displayed in an adjoining larger classroom as well.
The building has two classrooms with technologies that will record the entire classroom experience: student-teacher discussions, presentations, demonstrations, videos, slides, and other materials used with minimal disruption. Conferencing technolgies are installed in the classroom, allowing broadcast videoconferencing for distance learning.
The school has a behaviorial studies center with observation rooms, group process rooms and individual study rooms.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://online.alumni.rice.edu
Current MBA students given access to alumni database? Yes
The B-school has awarded 2,368 MBA degrees since its founding. It has 2,357 living MBA alumni, and 9 MBA club(s) in 1 country, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 13% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $238, and a mean gift of U.S. $100. 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. $156,291,088
ADDITIONAL SCHOOL COMMENTS
Rice redesigned its curriculum in 1998 to emphasize leadership and communications, the areas a survey (conducted by Rice) of CEOs revealed were most lacking in the MBAs they hired. The school is unusual in integrating communications throughout the program. The emphasis on experiential learning gives students experience in leadership as well as communications. Jones School students can work together in teams and they are prepared to lead as needed. The Action Learning Projects give students ten weeks experience of solving real problems for real businesses at the end of their first year, integrating their classroom theoretical knowledge with hands-on experience. These Action learning projects give students what is in effect an internship, making them especially attractive as interns, accounting, perhaps, for our 95-100% placement of interns in the last two years, difficult years or many business schools.
The school includes fully loaded laptops as part of its tuition. It also offers an international trip each year.
Information found in this survey was provided on behalf of the B-school by Debra Thomas
|
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Copyright 2003, Bloomberg L.P.
