THE FULL-TIME JOB HUNT
| Most recent graduates who... |
| ...were seeking employment 1 | 85% |
| ...were not seeking employment | 11% |
...provided no information regarding employment 2
| 4% |
| Graduates not seeking employment that were... |
| ...company sponsored or already employed 3 | 4% |
| ...continuing their education (after graduation) 4 | 1% |
| ...postponing their job search | 1% |
| ...starting their own businesses 5 | 4% |
...not seeking employment for other reasons 6
| 1% |
| Most recent job-seeking graduates who... |
| ...received their first job offer by graduation | 89% |
| ...received their first job offer within three months of graduation | 6% |
| ...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 | 67% |
| Graduate-facilitated activities | 30% |
No response provided by the graduate
| 3% |
| 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 |
| Silicon Valley Tech Trek |
Jan. |
None |
| Media Treks - NY/LA/Las Vegas |
Jan. |
None |
| MA BioPharma Trek |
Jan. |
None |
| New York Banking Day |
Oct. |
Partial |
| EuroTrek |
Nov. |
None |
Top 15 recruiting firms that hired the most graduates in the past academic year:
| Firm | Graduates Hired |
| 1. McKinsey & Co. |
24 |
| 2. Bain & Co. |
9 |
| 3. The Boston Consulting Group |
9 |
| 4. Citigroup |
7 |
| 5. Johnson & Johnson |
6 |
| 6. Merrill Lynch |
6 |
| 7. Deloitte Consulting |
5 |
| 8. Deutsche Bank Group |
5 |
| 9. Goldman Sachs |
5 |
| 10. IBM Corporation |
5 |
| 11. Microsoft Corporation |
5 |
| 12. Amazon.com |
4 |
| 13. Fidelity |
4 |
| 14. Yahoo! |
4 |
| 15. Lehman Brothers |
4 |
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) | $99,589 | $94,131 | $88,217 | n/a | | Median starting-base salary (excluding bonuses) | $97,750 | $95,000 | $89,000 | n/a | | Average first-year signing bonus | $18,411 | $14,451 | $16,629 | $19,334 | | Median first-year signing bonus | $15,000 | $10,000 | $15,000 | $20,000 | | Job-accepting graduates who received a signing bonus | 73% | 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.
CAREER DIRECTIONS
Graduates accepting jobs in the following function areas:
| Consulting | 28% |
| Finance/Accounting | 29% |
| General Management | 9% |
| Human Resources | n/a |
| Marketing/Sales | 24% |
| Management Information Systems | n/a |
| Operations/Logistics | 8% |
| Other | 2% |
Graduates accepting in the following industries:
| Government (Federal, State, Local, Military) | 0% |
| Manufacturing | 30% |
| Non-Profit (Trade Associations, Religious Organizations, Charities, etc.) | n/a |
| Services (Financial Services, Consulting Services, Other Services) | 70% |
| Other | n/a |
Graduates accepting jobs in the following regions:
| Africa | n/a |
| Asia | 8% |
| Eastern and Central Europe and Central Asia | n/a |
| Latin America and the Carribean | 4% |
| Middle East | 2% |
North America
(Canada: n/a / U.S.: n/a ) | 79% |
| Oceania | n/a |
| Western Europe | 7% |
Graduates accepting jobs within North America:
| Canada | n/a |
| Mid-Atlantic U.S. | 2% |
| Midwest U.S. | 4% |
| Northeast U.S. | 47% |
| South U.S. | 4% |
| Southwest U.S. | 2% |
| U.S. Possessions and territories | n/a |
| West U.S. | 20% |
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. Lehman Brothers |
12 |
| 2. Booz Allen Hamilton |
9 |
| 3. The Boston Consulting Group |
8 |
| 4. Deutsche Bank Group |
8 |
| 5. Citigroup |
7 |
| 6. Fidelity |
7 |
| 7. McKinsey & Co. |
7 |
| 8. Morgan Stanley |
7 |
| 9. Bain & Co. |
6 |
| 10. Goldman Sachs |
6 |
| 11. Liberty Mutual |
6 |
| 12. Credit Suisse First Boston |
5 |
| 13. IBM Corporation |
5 |
| 14. Microsoft Corporation |
5 |
| 15. Genzyme Corporation |
4 |
Internship compensation:
| Paid internships |
97% |
| Average internship compensation (per week) |
$1,508 |
| Median internship compensation (per week) |
$1,512 |
| Average internship length (weeks) |
10 |
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 9,221 living MBA alumni, and 31 MBA club(s) throughout 16 countries, where B-school alums can participate in school activities and alumni events.
During the past academic year, 28% 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 received a gift in excess of U.S. $10 million since June 2002.
The B-school endowment is U.S. $466,000,000
ADDITIONAL SCHOOL COMMENTS
MIT Sloan has over 65 assorted clubs each year. Approximately 10% of the clubs change yearly based on student initiatives and interests. Sloan students have access to all of MIT's graduate clubs and intramural sports.
Demographics: 4% for Mexican American also includes Puerto Rican and Other Hispanic Americans.
9.3% North American citizens live outside the U.S.
Eastern and Central Europe and Central Asia included in Western Europe. "Middle East" numbers are included in Asia.
Information found in this survey was provided on behalf of the B-school by Peter Maher
|
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Copyright 2004 , by The McGraw-Hill Companies Inc. All rights reserved.
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