THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 88% |
Graduates who: |
 | received their first job offer by graduation | 76% |
| received their first job offer within the first three months after graduation | 86% |
| were company sponsored, or already employed (2) | 6% |
| were continuing their education (after graduation) (3) | 1% |
| were starting a new business (4) | 3% |
| postponed their job search | 1% |
| did not seek employment for other reasons | n/a |
| |
| 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. McKinsey &Company |
32 |
| 2. Bain & Company |
24 |
| 3. Boston Consulting Group |
20 |
| 4. Johnson &Johnson |
19 |
| 5. Deloitte Consultling, Goldman, Sachs & Co. |
18 |
| 6. Merrill Lynch & Co., UBS Investment Bank |
15 |
| 7. Citigroup |
14 |
| 8. Lehman Brothers Inc., Medtronic, Inc. |
11 |
| 9. American Express Company |
9 |
| 10. Booz Allen Hamilton; Credit Suisse FirstBoston Corp;, Deutsche Bank AG |
8 |
| 11. J.P. Morgan Chase & Co. |
7 |
| 12. Morgan Stanley; Samsung Group |
6 |
| 13. Amazon.com, Inc. |
5 |
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
|
$89,211 |
Median starting-base salary (excluding bonuses) for the Class of 2003
|
$85,000 |
Average first-year signing bonus
|
$17,762 |
Median first-year signing bonus
|
$20,000 |
Job-accepting graduates who received a signing bonus
|
69% |
(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
|
$90,000 |
Median signing bonus
|
$20,000 |
Median other compensation
|
$30,000 |
Median MBA loans
|
$75,000 |
Average number of job offers at graduation
|
1.7 |
Average living expenses (not including tuition) over course of program
|
$63,183 |
Summer internship resulted in full-time employment
|
38% |
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 24% |
| Finance/Accounting | 38% |
| General Management | 9% |
| Human Resources | 1% |
| Marketing/Sales | 14% |
| Management Information Systems | 1% |
| Operations/Logistics | 1% |
| Other | 14% |
Graduates accepting jobs in the following regions:
| Africa | 1% |
| Asia | 7% |
| Eastern and Central Europe and Central Asia | 1% |
| Latin America and the Carribean | 3% |
| Middle East | 1% |
North America
(Canada: 1% / U.S.: 99%) | 1% |
| Oceania | 1% |
| Western Europe | 6% |
Graduates accepting jobs within North America:
| Canada | 1% |
| Mid-Atlantic U.S. | 13% |
| Midwest U.S. | 7% |
| Northeast U.S. | 41% |
| South U.S. | 5% |
| Southwest U.S. | 2% |
| U.S. Possessions and territories | 1% |
| West U.S. | 9% |
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: 0
Top 15 recruiting firms:
| Firm | Interns Hired |
| 1. McKinsey & Company |
32 |
| 2. Citigroup |
22 |
| 3. Goldman, Sachs &Company |
21 |
| 4. Bain & Company; Lehman Brothers |
18 |
| 5. Merrill Lynch & Company, Inc |
17 |
| 6. J.P. Morgan Chase &Co., Inc. Morgan Stanley |
16 |
| 7. Boston Consulting Group |
15 |
| 8. Johnson & Johnson |
14 |
| 9. Credit Suisse First Boston Corp., GMAC Commercial Mortgage |
12 |
| 10. Booz Allen Hamilton |
11 |
| 11. Diageo; UBS Investment Bank |
9 |
| 12. Deutsche Bank AG; Microsoft |
8 |
| 13. American Express Co., Medtronic, Inc |
7 |
| 14. Bear, Stearns &Co., Inc; Campbell Soup Company; Deloitte Consulting; GlaxoSmithKline Corp. |
6 |
| 15. Alstom, E.I. DuPont de Nemours &Col, Inc.; U.S. Deprtment of Interior |
5 |
Internship compensation:
| Paid internships |
93% |
| Average internship compensation (per week) |
$5,723 |
| Median internship compensation (per week) |
$6,000 |
| 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 |
Austin, Barcelona, Boston, Brazil, China, Tokyo,
|
n/a |
No |
Dallas, DC, Denver, Germany, Hong Kong, Singapore,
|
n/a |
No |
Houston, Las Vegas, London, Los Angeles, Seattle
|
n/a |
No |
Madrid, Miami, New Jersey, New York, San Francisco
|
n/a |
No |
Paris, Philadelphia, Portland, Salt Lake, SanDiego
|
n/a |
No |
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $17
Technology changes made over the past three years:
Jon M. Huntsman Hall is the locus of Wharton's culture, unifying learning, community, teamwork, and innovation. The design of the building is tailored to Wharton's innovative curriculum and interactive learning methods. With 324,000 square feet, 48 classrooms, 57 group study rooms, lecture halls, auditoriums and conference rooms - the building is one of the most sophisticated large-scale instructional center of any educational institution in the world.
The Alfred P. West Jr. Learning Lab is Wharton's development center and experimental laboratory to explore new approaches to learning. The Learning Lab develops technology-enhanced educational materials to explore new paradigms for learning and instruction.
Wharton Research Data Services (WRDS), a state-of-the-art data management system originally developed for Wharton faculty, is now available to researchers at more than 85 institutions, which have licensed the service, including Stanford, Chicago, Northwestern, Columbia, and Harvard. More than 20,000 faculty and students at top-tier business schools have used the system, which has become the standard for academic data research. The Wharton Lectern was designed by the school in conjunction with KI of Madison, WI, based on input from Wharton faculty and students. In its July 7 issue, BusinessWeek presents the Industrial Design Excellence Awards (IDEA) for 2003 and has selected the Wharton Lectern for a first-place Gold Award.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Alumni networking Web site:
http://www.wharton.upenn.edu/alumni
Current MBA students given access to alumni database? Yes
The B-school has awarded 34,426 MBA degrees since its founding. It has 33,412 living MBA alumni, and 82 MBA club(s) throughout 51 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 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. $371,900,000
ADDITIONAL SCHOOL COMMENTS
For general inquiries please visit http://www.wharton.upenn.edu/mba/
With regards to Other Guaranteed Compensations for most recent graduates:
Year End 32%; $20,000.00
Relocation 54%; $6,285.00
Tuition 7%, $31,000.00
Other 17%: $10,000.00
Information found in this survey was provided on behalf of the B-school by Michael Baltes
|
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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