THE FULL-TIME JOB HUNT
| 2003 graduates seeking employment (1) | | 84% |
Graduates who: |
 | received their first job offer by graduation | 53% |
| 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
Alumni networking Web site:
http://www.mba.yale.edu/alumni/network.htm
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, Bloomberg L.P.
