THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 91% |
Graduates who: |
 | received their first job offer by graduation | 60% |
| received their first job offer within the first three months after graduation | 75% |
| were company sponsored, or already employed (2) | 4% |
| were continuing their education (after graduation) (3) | 0% |
| were starting a new business (4) | 2% |
| postponed their job search | 0% |
| did not seek employment for other reasons | 1% |
| |
| 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. Johnson & Johnson |
10 |
| 2. IBM |
7 |
| 3. Lehman Brothers |
6 |
| 4. Wachovia Corporation |
6 |
| 5. Kraft Foods |
5 |
| 6. BellSouth Corporation |
4 |
| 7. Deloitte Consulting |
4 |
| 8. Scott Madden & Associates |
4 |
| 9. Blue Cross Blue Shield of North Carolina |
4 |
| 10. Bank of America |
3 |
| 11. Bayer Corporation |
3 |
| 12. Hewlett-Packard Company |
3 |
| 13. Microsoft |
3 |
| 14. Pulte Homes |
3 |
| 15. Wood Partners |
3 |
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
|
$77,788 |
Median starting-base salary (excluding bonuses) for the Class of 2003
|
$81,250 |
Average first-year signing bonus
|
$15,134 |
Median first-year signing bonus
|
$15,000 |
Job-accepting graduates who received a signing bonus
|
66% |
(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
|
$82,000 |
Median signing bonus
|
$15,000 |
Median other compensation
|
$15,000 |
Median MBA loans
|
$40,000 |
Average number of job offers at graduation
|
1.3 |
Average living expenses (not including tuition) over course of program
|
$42,342 |
Summer internship resulted in full-time employment
|
39% |
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 13% |
| Finance/Accounting | 39% |
| General Management | 4% |
| Human Resources | 0% |
| Marketing/Sales | 26% |
| Management Information Systems | 2% |
| Operations/Logistics | 8% |
| Other | 8% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 3% |
| Eastern and Central Europe and Central Asia | 1% |
| Latin America and the Carribean | 2% |
| Middle East | 0% |
North America
(Canada: 0% / U.S.: 100%) | 93% |
| Oceania | 0% |
| Western Europe | 1% |
Graduates accepting jobs within North America:
| Canada | 0% |
| Mid-Atlantic U.S. | 14% |
| Midwest U.S. | 10% |
| Northeast U.S. | 24% |
| South U.S. | 31% |
| Southwest U.S. | 6% |
| U.S. Possessions and territories | 0% |
| West U.S. | 8% |
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. IBM |
10 |
| 2. Lehman Brothers |
7 |
| 3. Merrill Lynch |
6 |
| 4. DuPont |
6 |
| 5. Procter & Gamble |
5 |
| 6. Citigroup |
4 |
| 7. Hewlett-Packard |
4 |
| 8. Johnson & Johnson |
4 |
| 9. Kraft Foods |
4 |
| 10. Morgan Stanley |
4 |
| 11. Red Hat |
4 |
| 12. Kenan-Institute |
4 |
| 13. Bank of America |
4 |
| 14. GlaxoSmithKline |
4 |
| 15. Deloitte Consulting; J.P. Morgan Chase; McKinsey & Co; Springs Industries; Wells Fargo; Coca-Cola; Wachovia Corporation |
3 |
Internship compensation:
| Paid internships |
93% |
| Average internship compensation (per week) |
$986 |
| Median internship compensation (per week) |
$1,100 |
| Average internship length (weeks) |
11 |
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
| Destination | Month offered | Paid for by B-School |
New York/New Jersey- Finance & Marketing
|
Oct. |
No |
Boston- Investment Management
|
Oct. |
No |
Atlanta- Consulting & Marketing
|
Oct. |
No |
Silicon Valley- IT
|
Jan. |
No |
DC- Non- Profit & Real Estate
|
Feb. |
No |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $1,800,000
Technology changes made over the past three years:
The school's commitment to technology is evident in the recent creation of a chief information officer position, which reports directly to the dean. The new CIO, Susan Kellogg, pulls together all areas of technology within the school to provide a singular focus: providing the strongest technological experience possible for students, faculty, staff and recruiters. All classrooms are equipped with state-of-the-art instructional technology including data ports to all classroom seats. All servers and PCs, including PC teaching facilities, are on a three-year replacement cycle. The wireless network was further expanded this year by 40% to provide more robust coverage in all common areas. On-site computer support provides students, faculty and staff with a high service level. Lifetime email is standard for alumni. Videoconferencing systems enhance the school's recruiting capabilities, particularly for students seeking international employment. The addition of remote IP collaboration technology has further enabled the school's international EMBA program, OneMBA, to provide distance educational segments. Student service enhancements include an online bidding capability for elective courses, flexible wait listing, online company presentation signups, job postings from not only Kenan-Flagler Career Services but also Kenan-Flagler alumni, and a new student watch list for a personalized job search. A newly enhanced external website makes finding information on Kenan-Flagler faculty and programs easier.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://www.kenan-flagler.unc.edu/Alumni/alumniAffairs/
services.cfm
Current MBA students given access to alumni database? Yes
The B-school has awarded 6,142 MBA degrees since its founding. It has 6,024 living MBA alumni, and 19 MBA club(s) throughout 3 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 19% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $100, and a mean gift of U.S. $680. 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. $75,000,000
ADDITIONAL SCHOOL COMMENTS
Under the Program Costs section, the school has included the U.S. figure for N.C. resident students. The non-resident figure is for non-N.C. resident students (U.S. and international). Under the Financial Aid Section, and the guaranteed loans question, the school entered out-of-state maximum for guaranteed loans. In-state maximum is $34,558 (2005) and $30,058 (2004). With regards to the deadline question, the 2004-2005 fellowship deadline is January 13, 2004 (admission deadline), and the 2004-2005 loan deadline = FAFSA filed by March 1, 2004. Under the Academics/Leading areas of study section, the school chose the five based on students' interest. For the Internship compensation, the school have indluded the unpaid internships into the Mean and Median compensation.
Information found in this survey was provided on behalf of the B-school by Allison Adams
|
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Copyright 2003, Bloomberg L.P.
