received their first job offer within the first three months after graduation
91%
were company sponsored, or already employed (2)
15%
were continuing their education (after graduation) (3)
35%
were starting a new business (4)
4%
postponed their job search
10%
did not seek employment for other reasons
36%
Companies that recruited second-year students on campus in past academic year
39
Companies that recruited second-year students via job boards in past academic year
179
(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. Wachovia
5
2. RBC Centura
3
3. Cap Gemini Ernst & Young
3
4. Avaya
2
5. Sara Lee
2
6. Capital One
2
7. Frito-Lay
2
8. Ingersoll-Rand
2
9. Proctor & Gamble
2
10. Alex Lee
1
11. Lowe's Cos.
1
12. Compass
1
13. BB&T
1
14. Emerson
1
15. Brach's
1
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
$70,748
Median starting-base salary (excluding bonuses) for the Class of 2003
$73,500
Average first-year signing bonus
$8,158
Median first-year signing bonus
$6,250
Job-accepting graduates who received a signing bonus
35%
(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
$69,000
Median signing bonus
$10,000
Median other compensation
$10,000
Median MBA loans
$34,000
Average number of job offers at graduation
1.1
Average living expenses (not including tuition) over course of program
$36,556
Summer internship resulted in full-time employment
22%
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
Consulting
5%
Finance/Accounting
45%
General Management
14%
Human Resources
0%
Marketing/Sales
17%
Management Information Systems
1%
Operations/Logistics
13%
Other
5%
Graduates accepting jobs in the following regions:
Africa
0%
Asia
7%
Eastern and Central Europe and Central Asia
3%
Latin America and the Carribean
1%
Middle East
2%
North America
(Canada: 0% / U.S.: 100%)
87%
Oceania
0%
Western Europe
0%
Graduates accepting jobs within North America:
Canada
0%
Mid-Atlantic U.S.
10%
Midwest U.S.
2%
Northeast U.S.
16%
South U.S.
56%
Southwest U.S.
3%
U.S. Possessions and territories
0%
West U.S.
0%
MBA INTERNSHIPS
Companies that recruited first-year MBA students for internships on campus in past academic year: 23
Companies that recruited first-year MBA interns via job boards during past academic year: 122
Top 15 recruiting firms:
Firm
Interns Hired
1. Ingersoll-Rand
4
2. N.C. Small Business Technology Development Council
4
3. Philip Morris
4
4. Alex Lee
3
5. Intel
2
6. Sara Lee
2
7. Dupont
2
8. Environmental Protection Agency
2
9. Lowe's Cos.
2
10. United Way
2
11. Wachovia
2
12. R. J. Reynolds
1
13. Bank of America
1
14. Citigroup
1
15. Red Hat
1
Internship compensation:
Paid internships
95%
Average internship compensation (per week)
$650
Median internship compensation (per week)
$800
Average internship length (weeks)
12
B-SCHOOL SERVICES
Annual job-searching trips the school coordinates or participates in:
Destination
Month offered
Paid for by B-School
Finance Job-Search Trip-New York City-Wall Street
Dec.
Yes
Marketing Club Trip - Boston
Dec.
No
MBA Consortium (Atlanta, New York, Los Angeles)
n/a
No
National Black MBA Forum (location varies)
Sept.
No
National Hispanic Society Forum (location varies)
Nov.
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 implemented a wide-scale computer refresh, which included all faculty, staff, and lab machines. The school added a wireless network. An additional LEDJet was installed to promote internal Babcock events and updates on Financial Markets and global news. Seven new high-speed copier/printers were installed. Renovations were made to the Charlotte facility to create six more student study areas and multiple network data jacks. Two electronic whiteboards with projectors were installed. The school purchased and installed a NAS (network attached storage) to allow more network storage. A Capital Markets Trading Room (24 workstations, teacher's desk with full classroom multimedia capabilities was added with Trans-Lux wallboards and LED-Jet displays. The school purchased three software packages to be run from the trading room only. A multimedia classroom was added (Charlotte). A total of six servers were purchased. The school added one new IT staff employee (for a total of six).
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Current MBA students given access to alumni database? Yes
The B-school has awarded 5,127 MBA degrees since its founding. It has 4,958 living MBA alumni, and 8 MBA club(s) throughout 2 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 26% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $200, and a mean gift of U.S. $1,367. 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. $37,085,598
ADDITIONAL SCHOOL COMMENTS
Full-time students are supplied with IBM ThinkPads as a part of tuition. The class of 2005 was issued IBM T40 model laptops.
Information found in this survey was provided on behalf of the B-school by Patricia Divine
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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