THE FULL-TIME JOB HUNT
| Most recent graduates who... |
| ...were seeking employment 1 | 94% |
| ...were not seeking employment | 6% |
...provided no information regarding employment 2
| 4% |
| Graduates not seeking employment that were... |
| ...company sponsored or already employed 3 | 24% |
| ...continuing their education (after graduation) 4 | 12% |
| ...postponing their job search | 28% |
| ...starting their own businesses 5 | 21% |
...not seeking employment for other reasons 6
| 15% |
| Most recent job-seeking graduates who... |
| ...received their first job offer by graduation | 88% |
| ...received their first job offer within three months of graduation | 8% |
| ...received their first job offer more than three months after graduation | n/a |
...did not report having received an offer
| 4% |
| Primary source of accepted full-time job offers: |
| School facilitated activities | 83% |
| Graduate-facilitated activities | 17% |
No response provided by the graduate
| 0% |
| 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 |
| NYC for Investment banks |
Dec. |
None |
| NYC for brand management |
Dec. |
None |
| London for companies throughout Europe |
Nov. |
None |
| San Francisco Bay area |
Dec. |
None |
| Los Angeles area |
Dec. |
None |
Top 15 recruiting firms that hired the most graduates in the past academic year:
| Firm | Graduates Hired |
| 1. MCKinsey & Company, Inc. |
38 |
| 2. Lehman Brothers |
21 |
| 3. Citigroup |
19 |
| 4. The Boston Consulting Group |
16 |
| 5. UBS |
15 |
| 6. A. T. Kearney, Inc. |
13 |
| 7. Credit Suisse First Boston Corp |
12 |
| 8. Goldman, Sachs & Co. |
12 |
| 9. Merrill Lynch |
11 |
| 10. Bear, Stearns & Co. Inc. |
10 |
| 11. Booz-Allen & Hamilton Inc. |
10 |
| 12. Deutsche Bank |
9 |
| 13. Bain & Company, Inc. |
8 |
| 14. Banc of America Securities |
7 |
| 15. J.P. Morgan Chase & Co. |
7 |
Historic salary prospects for recent grads (school reported): | 2005 | 2004 | 2003 | 2002 |
|---|
| Graduates who provided usable base salary information | n/a | n/a | n/a | n/a | | Average starting-base salary 7 (excluding bonuses) | $97,613 | $90,121 | $81,174 | n/a | | Median starting-base salary (excluding bonuses) | $95,000 | $85,000 | $83,300 | n/a | | Average first-year signing bonus | $20,131 | $15,832 | $18,932 | $19,554 | | Median first-year signing bonus | $18,000 | $15,000 | $20,000 | $20,000 | | Job-accepting graduates who received a signing bonus | 68% | 67% | n/a | 72% |
(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.
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 27% |
| Finance/Accounting | 52% |
| General Management | 3% |
| Human Resources | n/a |
| Marketing/Sales | 9% |
| Management Information Systems | n/a |
| Operations/Logistics | n/a |
| Other | 9% |
Graduates accepting in the following industries:
| Government (Federal, State, Local, Military) | n/a |
| Manufacturing | 5% |
| Non-Profit (Trade Associations, Religious Organizations, Charities, etc.) | 6% |
| Services (Financial Services, Consulting Services, Other Services) | 72% |
| Other | 23% |
Graduates accepting jobs in the following regions:
| Africa | n/a |
| Asia | 5% |
| Eastern and Central Europe and Central Asia | 0% |
| Latin America and the Carribean | 2% |
| Middle East | n/a |
North America
(Canada: 0% / U.S.: 100%) | 86% |
| Oceania | 0% |
| Western Europe | 7% |
Graduates accepting jobs within North America:
| Canada | 0% |
| Mid-Atlantic U.S. | 3% |
| Midwest U.S. | 43% |
| Northeast U.S. | 34% |
| South U.S. | 3% |
| Southwest U.S. | 3% |
| U.S. Possessions and territories | 0% |
| West U.S. | 14% |
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. Deutsche Bank |
24 |
| 2. Merrill Lynch |
23 |
| 3. Goldman, Sachs & Co |
21 |
| 4. Lehman Brothers |
19 |
| 5. UBS |
18 |
| 6. Credit Suisse First Boston Corp. |
15 |
| 7. Citigroup |
14 |
| 8. Booz-Allen & Hamilton Inc. |
12 |
| 9. McKinsey & Company, Inc. |
12 |
| 10. Morgan Stanley |
11 |
| 11. J.P. Morgan Chase & Co. |
10 |
| 12. The Boston Consulting Group |
10 |
| 13. Banc of America Securities |
9 |
| 14. Abbott Laboratories & Bear, Stearns, & Co., Inc. |
8 |
| 15. Bain & Company, Inc.& Barclays Capital Inc. |
8 |
Internship compensation:
| Paid internships |
99% |
| Average internship compensation (per week) |
$1,617 |
| Median internship compensation (per week) |
$1,790 |
| Average internship length (weeks) |
11 |
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 n/a MBA degrees since its founding. It has 39,604 living MBA alumni, and 71 MBA club(s) throughout 33 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. $265,246,961
ADDITIONAL SCHOOL COMMENTS
English Language Examinations
The Test of English as a Foreign Language (TOEFL) or the Academic version of the International English Language Testing System (IELTS) is required of international applicants whose native language is not English. The GSB's TOEFL test code is 1832-02.
An international applicant, however, is exempt from the TOEFL/IELTS requirement if he/she has earned an undergraduate degree or post-graduate degree from an institution in which English is the language of instruction, or if an applicant has at least two years of full-time work experience in the United States. An applicant is also eligible if he/she is a citizen or permanent resident of a country where English is an official language. Applicants should note the exemption where indicated in the application.
Scores
The minimum TOEFL score required for admission depends on whether applicants take the computerized test or paper exam, which are scored differently. On the computerized exam, applicants must score a minimum total score of at least 250. For the paper-based version, the minimum total score is 600. The minimum IELTS score required for admission is an overall score of 7. Applicants who score below these minimums cannot be considered for admission and should retake the test before submitting an application.
TOEFL and IELTS scores are valid for two years. Your score will be considered expired if the test was taken more than two years prior to submission of your application. If your score has expired, you must retake the examination and submit the official scores before the application deadline.
Information found in this survey was provided on behalf of the B-school by Barbara Backe
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