THE FULL-TIME JOB HUNT
| Most recent graduates who... |
| ...were seeking employment 1 | 78% |
| ...were not seeking employment | 16% |
...provided no information regarding employment 2
| 6% |
| Graduates not seeking employment that were... |
| ...company sponsored or already employed 3 | 10% |
| ...continuing their education (after graduation) 4 | 1% |
| ...postponing their job search | 1% |
| ...starting their own businesses 5 | 3% |
...not seeking employment for other reasons 6
| 1% |
| Most recent job-seeking graduates who... |
| ...received their first job offer by graduation | 91% |
| ...received their first job offer within three months of graduation | 95% |
| ...received their first job offer more than three months after graduation | n/a |
...did not report having received an offer
| 5% |
| Primary source of accepted full-time job offers: |
| School facilitated activities | 69% |
| Graduate-facilitated activities | 30% |
No response provided by the graduate
| 1% |
| Companies that recruited employment-seeking MBA students for full-time positions on campus in past academic year | n/a |
| Companies that posted full-time job offers on the school's job boards in past academic year | n/a |
Annual job-searching trips the school coordinates or participates in:
| Destination | Month offered | Amount paid by school |
| NY Banking Day |
Oct. |
Partial |
| EuroTrek |
Nov. |
None |
| Media Tech - NY/LA/Las Vegas |
Jan. |
None |
| Silicon Valley Trek |
Jan. |
None |
| Mass BioPharma Trek |
Jan. |
None |
Top 15 recruiting firms that hired the most graduates in the past academic year:
| Firm | Graduates Hired |
| 1. McKinsey |
26 |
| 2. Boston Consulting Group |
11 |
| 3. Bain & Co. |
10 |
| 4. IBM |
8 |
| 5. Citigroup |
6 |
| 6. Raytheon |
5 |
| 7. Intel |
4 |
| 8. Monitor Group |
4 |
| 9. Thomson Corp |
4 |
| 10. Amazon.com |
3 |
| 11. Microsoft |
3 |
| 12. Booz-Allen Hamilton |
3 |
| 13. Deutsche Bank |
3 |
| 14. Morgan Stanley |
3 |
| 15. Lehman Brothers |
3 |
Historic salary prospects for recent grads (school reported): | 2004 | 2003 | 2002 |
|---|
| Graduates who provided usable base salary information | 98% | 97% | 93% | | Average starting-base salary 7 (excluding bonuses) | $94,131 | $88,217 | $87,702 | | Median starting-base salary (excluding bonuses) | $95,000 | $89,000 | $85,000 | | Average first-year signing bonus | $14,451 | $16,629 | $19,334 | | Median first-year signing bonus | $10,000 | $15,000 | $20,000 | | Job-accepting graduates who received a signing bonus | 69% | 66% | 68% |
(1) Seeking full-time professional, MBA-level employment.
(2) No information available includes those graduates who may be seeking employment or who may not be seeking employment, but for whom the school has no reliable information
(3) Includes graduates whose studies were financially sponsored by their employers and are intending to return to those employers, or who were employed while a student and will continue working for that employer.
(4) Enrolled/will enroll in further graduate studies.
(5) Starting a new business as owner. Does not include students accepting jobs with a salary in a new (startup) business.
(6) Other reasons for not seeking employment are those reasons defined by the graduate.
(7) Base salary excludes bonuses, commissions, and other compensation. Should be reported in U.S. dollars.
2004 GRADUATES REPORT
Editor's Note: Based on responses to BusinessWeek Magazine's 2004 survey of graduates.
Historical Graduate Data | | 2004 | 2002 |
|---|
| Median starting base-salary | $98,000 | $86,000 | | Median signing bonus | $10,000 | $20,000 | | Median other compensation | $20,000 | $30,000 | | Median MBA loans | $50,000 | $42,000 | | Average number of job offers at graduation | 2.4 | 1.6 | | Average living expenses (not including tuition) over course of program | $60,541 | $54,379 | | Summer internship resulted in full-time employment | 56% | 34% |
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 35% |
| Finance/Accounting | 24% |
| General Management | 11% |
| Human Resources | 0% |
| Marketing/Sales | 10% |
| Management Information Systems | 1% |
| Operations/Logistics | 12% |
| Other | 7% |
Graduates accepting in the following industries:
| Government (Federal, State, Local, Military) | 0% |
| Manufacturing | 29% |
| Non-Profit (Trade Associations, Religious Organizations, Charities, etc.) | 1% |
| Services (Financial Services, Consulting Services, Other Services) | 70% |
| Other | 0% |
Graduates accepting jobs in the following regions:
| Africa | 0% |
| Asia | 4% |
| Eastern and Central Europe and Central Asia | 0% |
| Latin America and the Carribean | 3% |
| Middle East | 0% |
North America
(Canada: 0% / U.S.: 100%) | 87% |
| Oceania | 0% |
| Western Europe | 7% |
Graduates accepting jobs within North America:
| Canada | 0% |
| Mid-Atlantic U.S. | 5% |
| Midwest U.S. | 6% |
| Northeast U.S. | 51% |
| South U.S. | 5% |
| Southwest U.S. | 5% |
| U.S. Possessions and territories | 0% |
| West U.S. | 15% |
MBA INTERNSHIPS
Companies that recruited internship-seeking MBA students for internships on campus in past academic year: n/a
Companies that posted internships for MBA students on school's job boards during past academic year: n/a
Top 15 recruiting firms for internships:
| Firm | Interns Hired |
| 1. McKinsey |
15 |
| 2. Goldman. Sachs |
11 |
| 3. Microsoft |
7 |
| 4. Bain |
6 |
| 5. JP Morgan/Chase |
6 |
| 6. Lehman |
6 |
| 7. Booz Allen Hamilton |
5 |
| 8. Boston Consulting Group |
5 |
| 9. Deutsche Bank |
5 |
| 10. Pfizer |
5 |
| 11. BEA Systems |
4 |
| 12. IBM |
4 |
| 13. Merck |
4 |
| 14. Merrill Lynch |
4 |
| 15. Morgan Stanley |
4 |
Internship compensation:
| Paid internships |
n/a |
| Average internship compensation (per week) |
$1,438 |
| Median internship compensation (per week) |
$1,500 |
| Average internship length (weeks) |
n/a |
Career services Web site
ALUMNI AFFAIRS
| University offers placement services for MBA alumni? | Yes |
| Current MBA students given access to alumni database? | Yes |
The B-school has awarded 9,109 MBA degrees since its founding. It has 8,845 living MBA alumni, and 32 MBA club(s) throughout 16 countries, where B-school alums can participate in school activities and alumni events.
During the past academic year, n/a of MBA 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 since June 2002.
The B-school endowment is U.S. $413,000,000
ADDITIONAL SCHOOL COMMENTS
Over 60+ clubs that are recreational, professional, social and cultural.
Demographics: 3% (Mexican Americans, Puerto Ricans and Other Hispanic Americans combined).
Citizenship: 1. Central Asia and Middle East numbers are included in Asia numbers; 2. Eastern and Central Europe are reported in Europe (not Western) numbers.
Admissions: note that the majority of reapplicants were candidates admitted in previous years; hence the high acceptance rate.
Information found in this survey was provided on behalf of the B-school by Peter Maher
|
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Copyright 2004, Bloomberg L.P.
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