received their first job offer within the first three months after graduation
80%
were company sponsored, or already employed (2)
34%
were continuing their education (after graduation) (3)
3%
were starting a new business (4)
13%
postponed their job search
6%
did not seek employment for other reasons
44%
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. American Express T
n/a
2. Lehman Brothers
n/a
3. Bear Sterns
n/a
4. Citigroup; IBM
n/a
5. Deutsche Bank; Goldman Sachs; Johnson & Johnson
n/a
6. Merrill Lynch ; Morgan Stanley
n/a
7. Standard & Poor's; UBS Warburg
n/a
8. Credit Suisse First Boston; J.P. Morgan Chase; Unilever
n/a
9. AIG.; BNP Paribas; Ernst & Young; Pfizer
n/a
10. Avaya Communication; Booz Allen Hamilton
n/a
11. Deloitte Consulting; General Electric; Gentek
n/a
12. Kraft; LexisNexis; M & T Bank
n/a
13. MBIA; McKinsey & Company
n/a
14. New York Life Insurance; Reckitt Benckiser
n/a
15. Scotia Capital; Verizon Communications
n/a
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
$83,439
Median starting-base salary (excluding bonuses) for the Class of 2003
$85,000
Average first-year signing bonus
$19,367
Median first-year signing bonus
$18,000
Job-accepting graduates who received a signing bonus
67%
(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
$85,000
Median signing bonus
$20,000
Median other compensation
$30,000
Median MBA loans
$50,000
Average number of job offers at graduation
1.2
Average living expenses (not including tuition) over course of program
$55,606
Summer internship resulted in full-time employment
41%
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
Consulting
11%
Finance/Accounting
52%
General Management
3%
Human Resources
n/a
Marketing/Sales
21%
Management Information Systems
1%
Operations/Logistics
2%
Other
10%
Graduates accepting jobs in the following regions:
Africa
n/a
Asia
3%
Eastern and Central Europe and Central Asia
1%
Latin America and the Carribean
4%
Middle East
n/a
North America
(Canada: n/a / U.S.: n/a )
87%
Oceania
n/a
Western Europe
5%
Graduates accepting jobs within North America:
Canada
n/a
Mid-Atlantic U.S.
4%
Midwest U.S.
1%
Northeast U.S.
89%
South U.S.
1%
Southwest U.S.
n/a
U.S. Possessions and territories
n/a
West U.S.
5%
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. Citigroup; Lehman Brothers
n/a
2. American Express; J.P. Morgan Chase
n/a
3. Deutsche Bank
n/a
4. Merrill Lynch
n/a
5. Goldman Sachs
n/a
6. Bear Sterns
n/a
7. Banc of America Securities; Cornell Capital Partners; UBS Warburg
n/a
8. Deloitte Consulting
n/a
9. Colgate-Palmolive; Credit Suisse First Boston; Pfizer; Unilever
n/a
10. Bank of New York; Bank One; Bayer; BCP Securities; Johnson & Johnson; Standard & Poor's
12. Bain & Co.; Booz Allen Hamilton; Cablevision; Emenity
n/a
13. Ferrari; GE Capital; Inflection Capital; Infosys Technologies
n/a
14. ING Furman Selz Asset Management; Inmobiliaria Cuad, S.A. de C.V.; Marvel Enterprises; MTV Networks
n/a
15. New York Life Insurance; Novartis; Pitney Bowes; The NYC Department of Small Business Services
n/a
Internship compensation:
Paid internships
81%
Average internship compensation (per week)
n/a
Median internship compensation (per week)
n/a
Average internship length (weeks)
10
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
Destination
Month offered
Paid for by B-School
AIM (Investment Management) club trip to Boston
Dec.
n/a
TANG/MEA (media/tech) club trips to California
Jan.
n/a
EuroTrek (banks/consulting) trip to London
Nov.
n/a
Asian Business Society trip to Hong Kong (finance)
Dec.
n/a
Graduate Finance Association trip to Wall Street
Oct.
n/a
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $3,000,000
Technology changes made over the past three years:
NYU Stern has extensively upgraded its technological facilities and capabilities, offering MBA students a greatly enhanced educational experience. The wireless infrastructure has been expanded to all classrooms, student areas and most academic departments, allowing wireless access to Stern's network on laptops and PDAs.
All classrooms are equipped with video streaming capabilities, giving professors the option to have their lessons webcast live and digitally encoded in real time with a URL for future viewing by students. Virtually all faculty members have taken advantage of these resources. All classrooms have two-way interactive videoconferencing, allowing faculty to invite guest lecturers from another city or country into the classroom. Other features include newly upgraded classroom podiums with user-friendly consoles and DVDs, PDA syncing with student calendars, and high-speed Internet access across the entire Stern complex. State-of-the-art hardware has been installed in all computer labs.
Stern provides support for electronic course management systems such as Blackboard and Prometheus. Currently, 98% of the faculty is using a course management system to facilitate the teaching and learning experience. Features include the ability to hold online discussions, and conduct online surveys, quizzes and tests. Faculty also have access to student biographies, photographs and seating charts online.
The school's Virtual Business Library provides online access to the electronic business resources and services available through NYU's Bobst Library. Additionally, students and faculty have access to nearly 50 financial research databases.
NYU Stern is committed to continual upgrading and enhancing of its technological tools.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Current MBA students given access to alumni database? Yes
The B-school has awarded 44,037 MBA degrees since its founding. It has 41,815 living MBA alumni, and 34 MBA club(s) throughout 22 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, n/a of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. n/a, and a mean gift of U.S. n/a. 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. n/a
Information found in this survey was provided on behalf of the B-school by Joanne Hvala
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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