THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 88% |
Graduates who: |
 | received their first job offer by graduation | 50% |
| received their first job offer within the first three months after graduation | 74% |
| were company sponsored, or already employed (2) | 4% |
| were continuing their education (after graduation) (3) | 1% |
| were starting a new business (4) | 1% |
| postponed their job search | 2% |
| 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. Dell Computer |
25 |
| 2. IBM |
8 |
| 3. Citibank |
7 |
| 4. Deloitte Consulting/Braxton |
6 |
| 5. Deloitte & Touche |
4 |
| 6. Frito Lay |
4 |
| 7. ExxonMobil |
3 |
| 8. Intel |
3 |
| 9. Merrill Lynch |
3 |
| 10. Microsoft |
3 |
| 11. Motorola |
3 |
| 12. SBC Communications |
3 |
| 13. Albertson's; Banco Credito del Peru; Cambridge Associates; Cypress Realty; E&J Gallo |
2 |
| 14. Hewlett-Packard; Johnson Controls; JP Morgan; Lehman Brothers; LG Fire & Marine |
2 |
| 15. Organic Energy; PWC; Sabre; Samsung; Standard & Poors, Tenet; Yum! Brands |
2 |
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
|
$75,003 |
Median starting-base salary (excluding bonuses) for the Class of 2003
|
$78,000 |
Average first-year signing bonus
|
$12,421 |
Median first-year signing bonus
|
$10,000 |
Job-accepting graduates who received a signing bonus
|
58% |
(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
|
$15,000 |
Median other compensation
|
$18,500 |
Median MBA loans
|
$30,000 |
Average number of job offers at graduation
|
1.0 |
Average living expenses (not including tuition) over course of program
|
$40,250 |
Summer internship resulted in full-time employment
|
30% |
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 11% |
| Finance/Accounting | 41% |
| General Management | 11% |
| Human Resources | 1% |
| Marketing/Sales | 20% |
| Management Information Systems | 5% |
| Operations/Logistics | 5% |
| Other | 6% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 5% |
| Eastern and Central Europe and Central Asia | 0% |
| Latin America and the Carribean | 2% |
| Middle East | 0% |
North America
(Canada: 0% / U.S.: 100%) | 92% |
| Oceania | 0% |
| Western Europe | 1% |
Graduates accepting jobs within North America:
| Canada | 0% |
| Mid-Atlantic U.S. | 1% |
| Midwest U.S. | 6% |
| Northeast U.S. | 11% |
| South U.S. | 4% |
| Southwest U.S. | 60% |
| U.S. Possessions and territories | 0% |
| West U.S. | 10% |
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. Dell |
10 |
| 2. IBM |
10 |
| 3. Motorola |
9 |
| 4. Frito Lay |
6 |
| 5. SBC Communications |
6 |
| 6. Intel |
5 |
| 7. Sabre |
5 |
| 8. Citigroup |
4 |
| 9. Deloitte Consulting |
4 |
| 10. General Motors |
4 |
| 11. Johnson & Johnson |
4 |
| 12. UBS |
4 |
| 13. HEB; H-P; JPMorgan; Merril Lynch; Miller Brewing |
3 |
| 14. Reliant Energy; Teacher's Retirement |
3 |
| 15. TerraVest Capital; Texas Instruments |
3 |
Internship compensation:
| Paid internships |
91% |
| Average internship compensation (per week) |
$990 |
| Median internship compensation (per week) |
$1,000 |
| 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 |
New York
|
Nov. |
No |
San Francisco
|
Mar. |
No |
Houston
|
Nov. |
No |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $3,775,000
Technology changes made over the past three years:
Increased networking capabilities, upgraded servers, increased IT security, and expanded wireless access to include student common and administrative areas. Network capacity and speed has been improved with the use of 100MB switched Ethernet throughout the school with a gigabit backbone. McCombs has added nine private study rooms equipped with T1 lines and digital whiteboards. A new MBA Leadership Center has been constructed with Internet connections, a high-tech conference room, and flat screen televisions. The 275 workstations in the student computer labs have been replaced with new machines equipped with DVD/CD-RW drives and 17" LCD displays. E-mail capabilities have been improved with new servers, an upgrade to Exchange 2003, and a 66% increase in mailbox capacity. Network storage capacity has been increased significantly - graduate students have 500MB of file storage space and 17MB of web server space.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://mba.mccombs.utexas.edu/mma
Current MBA students given access to alumni database? Yes
The B-school has awarded 15,261 MBA degrees since its founding. It has 14,860 living MBA alumni, and 25 MBA club(s) throughout 9 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 10% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $119, and a mean gift of U.S. $1,994. 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. $131,748,032
ADDITIONAL SCHOOL COMMENTS
The school reports: One of the most distinguished business schools in the country and a perennial favorite with corporate recruiters, the McCombs School is dedicated to providing an exceptional learning environment for leaders. With strength in all major business disciplines, the school has an especially strong record of job placements in finance, consulting, and marketing, and is known for innovative programs in technology, management, and accounting.
Distinctions include:
*Market-driven specializations responding to evolving industry needs in energy finance, private equity, real estate finance, customer insight, supply chain management, and other emerging areas
*The Plus Program, an innovative series of mid-semester seminars focusing on communication, teamwork, leadership and the art of business in the real world
*The MBA Investment Fund, L.L.C., the first legally constituted, private investment company entirely managed by students
*Moot Corp®, the original and most lucrative student business plan competition in the world, anchors our entrepreneurship program
*Collaboration with business through 16 research centers including the Center for Research in Electronic Commerce, the Herb Kelleher Center for Entrepreneurship, and the Center for Customer Insight
*Diversity, with high rankings from corporate recruiters for diversity, one of the highest percentages of tenured minority faculty of any top business school, and a #1 ranking for Hispanic business students.
*A culture of teamwork and initiative, with nearly 40 vigorous student organizations
*Austin, a thriving business center that's still a great place to live.
Network
The McCombs MBA has more than 15,000 alumni around the world, including four CEOs of Fortune 500 firms -- among the most of any MBA program.
Mission
The mission of the McCombs School is to educate the business leaders of tomorrow by developing and disseminating knowledge that will have a substantial impact on business.
Vision
The vision of the school embraces innovative collaborations with business to ensure the ongoing relevance of the MBA and the marketability of our graduates in the core fields of finance, consulting, marketing, management and technology management.
Values
Integrity, initiative, teamwork and leadership are hallmarks of the McCombs experience. The school teachs ethics both in discrete courses and throughout the curriculum, where students are encouraged to espouse the ethical imperatives that are vital to the long-term health of organizations.
Goal
Under Dean George W. Gau, McCombs has set a goal of becoming the top public business school in the nation.
Information found in this survey was provided on behalf of the B-school by Daniel Garza
|
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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