THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 78% |
Graduates who: |
 | received their first job offer by graduation | 83% |
| received their first job offer within the first three months after graduation | 89% |
| were company sponsored, or already employed (2) | 60% |
| were continuing their education (after graduation) (3) | 3% |
| were starting a new business (4) | 26% |
| postponed their job search | 7% |
| did not seek employment for other reasons | 4% |
| |
| 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. McKinsey & Company |
n/a |
| 2. The Boston Consulting Group |
n/a |
| 3. Bain & Company |
n/a |
| 4. Booz Allen Hamilton |
n/a |
| 5. Capital One Financial |
n/a |
| 6. Clorox |
n/a |
| 7. Med-Mart/Pacific Pulmonary |
n/a |
| 8. Microsoft Corporation |
n/a |
| 9. Siebel Systems |
n/a |
| 10. Intuit |
n/a |
| 11. JP Morgan Partners |
n/a |
| 12. Lehman Brothers |
n/a |
| 13. Mercer Management Consulting |
n/a |
| 14. Strategic Decisions Group |
n/a |
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
|
$96,200 |
Median starting-base salary (excluding bonuses) for the Class of 2003
|
$100,000 |
Average first-year signing bonus
|
$17,000 |
Median first-year signing bonus
|
$15,000 |
Job-accepting graduates who received a signing bonus
|
65% |
(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
|
$100,000 |
Median signing bonus
|
$20,000 |
Median other compensation
|
$35,000 |
Median MBA loans
|
$40,000 |
Average number of job offers at graduation
|
2.0 |
Average living expenses (not including tuition) over course of program
|
$54,983 |
Summer internship resulted in full-time employment
|
23% |
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 31% |
| Finance/Accounting | 26% |
| General Management | 15% |
| Human Resources | 1% |
| Marketing/Sales | 12% |
| Management Information Systems | 0% |
| Operations/Logistics | 2% |
| Other | 13% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 5% |
| Eastern and Central Europe and Central Asia | 0% |
| Latin America and the Carribean | 4% |
| Middle East | 0% |
North America
(Canada: 0% / U.S.: 100%) | 89% |
| Oceania | 0% |
| Western Europe | 2% |
Graduates accepting jobs within North America:
| Canada | 0% |
| Mid-Atlantic U.S. | 5% |
| Midwest U.S. | 5% |
| Northeast U.S. | 26% |
| South U.S. | 2% |
| Southwest U.S. | 2% |
| U.S. Possessions and territories | 0% |
| West U.S. | 60% |
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. Goldman Sachs |
n/a |
| 2. McKinsey & Company |
n/a |
| 3. Microsoft Corporation |
n/a |
| 4. Morgan Stanley |
n/a |
| 5. Genentech |
n/a |
| 6. Intuit |
n/a |
| 7. Underwriters Laboratories |
n/a |
| 8. Bain & Company |
n/a |
| 9. eBay |
n/a |
| 10. The Boston Consulting Group |
n/a |
| 11. Apple Computer |
n/a |
| 12. Booz Allen Hamilton |
n/a |
| 13. Citigroup |
n/a |
| 14. Guidant |
n/a |
| 15. Yahoo!; VERITAS |
n/a |
Internship compensation:
| Paid internships |
99% |
| Average internship compensation (per week) |
$5,300 |
| Median internship compensation (per week) |
$5,800 |
| Average internship length (weeks) |
n/a |
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
| Destination | Month offered | Paid for by B-School |
San Francisco Finance & Investment Trek
|
Dec. |
n/a |
New York Finance & Investment Trek
|
Dec. |
n/a |
Euro Trek London
|
Dec. |
n/a |
Arts, Media, Entertainment Club Trek Los Angeles
|
Jan. |
n/a |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $14,600,000
Technology changes made over the past three years:
Stanford Graduate School of Business has begun using a new online courseware package. Secure wireless networking has been installed and is in the process of re-designing its Student Portal with a new content management system. The school has also upgraded key hardware, disk storage, and operating systems. Several custom web applications have been developed to steamline administrative operations and provide better function for website audiences.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://alumni.gsb.stanford.edu
Current MBA students given access to alumni database? Yes
The B-school has awarded 16,366 MBA degrees since its founding. It has 15,209 living MBA alumni, and 45 MBA club(s) throughout 22 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 37% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $250, and a mean gift of U.S. $1,777. 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. $500,000,000
ADDITIONAL SCHOOL COMMENTS
For general inquiries please visit http://mba@gsb.stanford.edu
In the Career section, Stanford provided the percentage of total graduating class seeking employment per Businessweek's definition, which excludes company-sponsored students and self-employed entrepreneurs, among others (like those going on to more education), who were not seeking jobs.
However, when asked for the number of students who had their first job offer by graduation and first offer by three months, Stanford calculated the percentage including company-sponsored students and entrepreneurs. Because Stanford is a top quality school, it attracts quite a number of company-sponsored students (46). In addition, Stanford has a fair number of entrepreneurs (20). To omit those two groups out of the calculation artificially lowers the number of students who ended their MBA years with a job and is misleading to prospective students who are are interested in knowing "How many of your graduates had an offer or accepted a job by graduation/3 months after?"
Sponsored students and entrepreneurs were also included in the salary, function areas, and industries breakouts. Again, because Stanford has a good number of these students (almost 20% of the class) and because the program size is small to begin with, to omit them significantly misrepresents the picture of where the graduates go when they enter the business world. The school believe that this method of calculation gives prospective students a more accurate picture of where Stanford MBAs end up after the program and how many of them get jobs - whether they are returning to a former employer, striking out on their own, or entering a new corporation.
Stanford Graduate School of Business has made a strategic choice to remain small in size but at the top in quality. That means continuing to keep student body size at about 370 per MBA class, compared to about double that at several other leading schools. At Stanford, students get personal attention, small class size (6:1 student faculty ratio), highest quality faculty, topnotch students - all set in one of the most dynamic economic environments the world. Stanford delivers a different classroom experience in which MBA students are actively involved in a dynamic learning process during a two-year, residential immersion program. The program, which is supported by the School's four key centers in Leadership, Social innovation, Entrepreneurship, and Global Business, is placing an emphasis on leadership development. Stanford also offers a 10-month Sloan program for mid-career executives which results in a Master of Science in Management. There are no part time or EMBA programs.
Information found in this survey was provided on behalf of the B-school by Barbara Buell
|
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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