THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 95% |
Graduates who: |
 | received their first job offer by graduation | 61% |
| received their first job offer within the first three months after graduation | 79% |
| were company sponsored, or already employed (2) | 43% |
| were continuing their education (after graduation) (3) | 29% |
| were starting a new business (4) | 28% |
| postponed their job search | 0% |
| did not seek employment for other reasons | 0% |
| |
| 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. Guidant Corporation |
7 |
| 2. IBM |
5 |
| 3. Cisco systems Inc. |
4 |
| 4. Anheuser-Busch Companies, Inc. |
2 |
| 5. Bank of America |
2 |
| 6. Citigroup Corporate & Investment Bank |
2 |
| 7. Honeywell |
2 |
| 8. LG Electronic |
2 |
| 9. Wells Fargo |
2 |
| 10. 3M |
1 |
| 11. Emerson |
1 |
| 12. ExxonMobile |
1 |
| 13. FedEx |
1 |
| 14. GE |
1 |
| 15. Mead Johnson |
1 |
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
|
$72,000 |
Median starting-base salary (excluding bonuses) for the Class of 2003
|
$75,000 |
Average first-year signing bonus
|
$9,800 |
Median first-year signing bonus
|
$10,000 |
Job-accepting graduates who received a signing bonus
|
49% |
(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
|
$14,000 |
Median other compensation
|
$30,000 |
Median MBA loans
|
$45,000 |
Average number of job offers at graduation
|
1.2 |
Average living expenses (not including tuition) over course of program
|
$37,540 |
Summer internship resulted in full-time employment
|
23% |
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 11% |
| Finance/Accounting | 43% |
| General Management | 10% |
| Human Resources | 0% |
| Marketing/Sales | 20% |
| Management Information Systems | 0% |
| Operations/Logistics | 6% |
| Other | 10% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 15% |
| Eastern and Central Europe and Central Asia | 3% |
| Latin America and the Carribean | 0% |
| Middle East | 0% |
North America
(Canada: 0% / U.S.: 100%) | 80% |
| Oceania | 0% |
| Western Europe | 2% |
Graduates accepting jobs within North America:
| Canada | 0% |
| Mid-Atlantic U.S. | 2% |
| Midwest U.S. | 47% |
| Northeast U.S. | 14% |
| South U.S. | 5% |
| Southwest U.S. | 5% |
| U.S. Possessions and territories | 0% |
| West U.S. | 7% |
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. Anheuser-Busch Companies, Inc. |
8 |
| 2. BJC Health System |
5 |
| 3. Guidant Corporation |
4 |
| 4. NISA Investment Advisors, LLC |
4 |
| 5. Commerce Bancshares |
3 |
| 6. Emerson Electric Company |
3 |
| 7. Maritz Inc. |
3 |
| 8. Nestle Purina Pet Care |
3 |
| 9. Rawlings Sporting Goods |
3 |
| 10. Cisco Systems Inc. |
2 |
| 11. IBM |
2 |
| 12. Kraft General Foods, Inc. |
2 |
| 13. Mead Johnson Nutritionals |
2 |
| 14. Merrill Lynch & Company, Inc. |
2 |
| 15. Sprint Corporation |
2 |
Internship compensation:
| Paid internships |
96% |
| Average internship compensation (per week) |
$1,120 |
| Median internship compensation (per week) |
$1,140 |
| 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 |
Wall Street Road Show
|
Nov. |
No |
Minneapolis Road Show
|
Oct. |
No |
Silicon Valley Road Show
|
Jan. |
No |
Entertainment Road Show - Los Angeles
|
Jan. |
No |
Various St. Louis Industry Road Shows
|
Mar. |
No |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: n/a
Technology changes made over the past three years:
The main student computer lab got a total make-over, from wiring to furniture. The school added group tables as well as couches, and students have the option of using wireless connections in addition to traditional PCs. Each year, approximately one third of the student computer lab PCs are replaced with "leading edge" systems. The lab also has several high-speed laser printers and scanners. The laptop lab opened two years ago was completely remodeled and expanded. The wireless LAN was upgraded and now provides coverage to all student-accessible public areas such as student lounges, the library, study rooms, May Auditorium, and the Lopata Courtyard. All classroom seats now have power outlets and 100 Mb/sec network connections. The network "backbone" is fiber optic at 1 giga-bit/sec.
Prometheus eLearning courseware (now part of Blackboard, Inc.) was introduced and is available to all students and their professors. This "virtual learning community" provides Web-based access to syllabi, course materials, threaded discussions, chat and other features.
New infrastructure purchases included several new servers, increased disk storage to accommodate multimedia applications, and faster communications switches.
A Polycom video conferencing system is available and is often used by students for interviewing with companies. The school has begun using an online, Web-based interactive meeting service which provides a "virtual study space" for students to collaborate on projects over the Web in realtime.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://www.olin.wustl.edu/alumni
Current MBA students given access to alumni database? Yes
The B-school has awarded 8,100 MBA degrees since its founding. It has 7,704 living MBA alumni, and 44 MBA club(s) throughout 14 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 30% of alumni gave to the school's fund-raising efforts. They gave a median gift of U.S. $110, and a mean gift of U.S. $350. 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. $154,390,511
Information found in this survey was provided on behalf of the B-school by Deborah Booker
|
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Copyright 2003, Bloomberg L.P.
