received their first job offer within the first three months after graduation
78%
were company sponsored, or already employed (2)
28%
were continuing their education (after graduation) (3)
17%
were starting a new business (4)
14%
postponed their job search
17%
did not seek employment for other reasons
19%
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. Standard & Poor's
7
2. IBM
6
3. Citigroup Inc.
5
4. American Express Company
4
5. Dupont
4
6. Lehman Brothers
4
7. Fitch, Inc.
3
8. Goldman, Sachs
3
9. Aventis Pasteur
2
10. BP
2
11. Capital One
2
12. FleetBoston Financial
2
13. GE
2
14. Merrill Lynch
2
15. Southern California Gas Company
2
Prospects for 2003 grads (school reported):
Average starting-base salary (1) (exluding bonuses) for the Class of 2003
$81,447
Median starting-base salary (excluding bonuses) for the Class of 2003
$82,500
Average first-year signing bonus
$15,653
Median first-year signing bonus
$15,000
Job-accepting graduates who received a signing bonus
52%
(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
$85,000
Median signing bonus
$15,000
Median other compensation
$27,000
Median MBA loans
$40,000
Average number of job offers at graduation
4.4
Average living expenses (not including tuition) over course of program
$51,277
Summer internship resulted in full-time employment
38%
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
Consulting
12%
Finance/Accounting
54%
General Management
7%
Human Resources
0%
Marketing/Sales
11%
Management Information Systems
1%
Operations/Logistics
0%
Other
14%
Graduates accepting jobs in the following regions:
Africa
0%
Asia
4%
Eastern and Central Europe and Central Asia
1%
Latin America and the Carribean
1%
Middle East
1%
North America
(Canada: 2% / U.S.: 98%)
88%
Oceania
1%
Western Europe
4%
Graduates accepting jobs within North America:
Canada
2%
Mid-Atlantic U.S.
9%
Midwest U.S.
8%
Northeast U.S.
64%
South U.S.
5%
Southwest U.S.
2%
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. American Express Company
9
2. IBM
6
3. Lehman Brothers
6
4. Aetna
5
5. Goldman, Sachs & Co.
4
6. MBIA, Inc.
4
7. McKinsey & Company
4
8. Standard & Poor's
4
9. Bayer Pharmaceutical Company
3
10. Booz Allen Hamilton
3
11. BP
3
12. Merrill Lynch
3
13. The Hartford Financial Services Group
3
14. UBS PaineWebber, Inc. (1)/UBS Warburg (2)
3
15. World Bank
3
Internship compensation:
Paid internships
98%
Average internship compensation (per week)
$1,183
Median internship compensation (per week)
$1,200
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 Haven, CT: Meet the Firms
Sept.
Yes
San Jose, CA: 17th West Coast Forum
Jan.
No
Washington, DC: A Day in DC Job Fair
Feb.
Yes
San Francisco, CA: 4th California Conf.
Mar.
Yes
New York, NY: 7th Yale MBA Summer
June
Yes
TECHNOLOGY
Wireless network in main buildings: Yes
School's investment in technology over the past three years: $4,255,956
Technology changes made over the past three years:
- Each of the classrooms has had extensive renovation which includes a presenter's podium with built-in items like VCRs, DVD players, cable TV access, laptop connectivity, etc.
- Portal software was purchased and is currently being deployed to create a personalized Web environment for the SOM community.
- SOM Network has been upgraded to 10/100 switched Ethernet network.
- Wireless access points were added throughout the school and libraries. Wireless coverage is now available through 95% of the school and immediate surrounding area.
- All student study space was wired for network connectivity.
- Citrix Terminal Services was added to allow the delivery of software to students while they are connected to the network from any location, including personal laptops.
- Research computing has implemented cluster computing. A cluster of 45 servers was purchased for advanced computation and research capabilities.
- Research capabilities increased with the purchase of new software and hardware including the installation of a new PhD workspace with high performance research computing servers and networking.
- Cable television access was added to classrooms, including ability to broadcast throughout the University.
- Video conferencing capability was added to classrooms.
- Public computing clusters have been routinely upgraded to maintain fast, high quality computers.
- New generation of E-mail services released (Exchange 2000.) Student e-mail quotas tripled to 75 MBs.
- Personal online network storage increased to 250 MBs per student.
- General Motors room was upgraded to provide self-service presentation capability which includes a sound system, projector, VCR, and DVD player.
- Presentation and network technologies were added to the Horchow Seminar Room. This includes a 3M Wall Display that connects to a VCR, digital document camera and a presentation station.
- Publicly accessible 'publishing stations' are now available. Each station includes burnable CD-rom, scanner, OCR and desktop publishing, and Web editing software.
ALUMNI AFFAIRS
University offers placement services for MBA alumni? Yes
Current MBA students given access to alumni database? Yes
The B-school has awarded 4,516 MBA degrees since its founding. It has 4,562 living MBA alumni, and 184 MBA club(s) throughout 38 countries, where B-school alums can participate in school activities and alumni events.
During the past 12 months, 52% 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. $413. 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. $272,961,747
ADDITIONAL SCHOOL COMMENTS
Clarification on Guaranteed Loans: Yale SOM offers international students the SOM GATE Loan that does not require a U.S. co-signer. Under this program students may borrow up to $52,000 during their two years at Yale SOM.
Information found in this survey was provided on behalf of the B-school by Jeanine Morgillo
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Copyright 2003 , by The McGraw-Hill Companies Inc. All rights reserved.
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