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2007 Undergrad Profiles

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2007 UNDERGRAD PROFILE

The Pennsylvania State University

Smeal College of Business


GETTING IN ACADEMICS & LIFESTYLE CAREERS & ALUMNI AFFAIRS STUDENT COMMENTS


BusinessWeek Special Report

Best Undergrad B-Schools: Recruiting is up, salary offers are higher, and there are major changes in our Top 50 undergrad business programs

Plus slide show: The Top 25 Schools

Does Your School Make the Grade? Four things to consider when applying

Grading the Schools The methodology behind our undergraduate business program ranking

Minor Solution to Major Problem More undergrads are minoring in business to shore up their credentials in the job market

Make Your Own Ranking: Our interactive table allows you to rerank 93 schools according to criteria you select

Return on Investment For the biggest bang for the buck head south

Experience Wanted Some programs excel at placing interns

Cracking the Books At most schools two hours of studying a day is enough



  School Tours >>

Boston College: Integrating Ethics and Business

The Carroll School of Management offers opportunities for personal growth and networking as students are trained in high-tech classrooms

MORE SCHOOL TOURS >
 

  STUDENT RANKINGS

collegeprowler Campus Reality Guides

Get the lowdown on top colleges from current students who give firsthand reports on the issues that matter to prospective students

 

  Video >>

Job Market

Many big employers are expected to cut thousands of jobs in the months ahead. How bad could it get and where should employees look for opportunities? We talk with an executive recruiter





  COMMUNITY >>

Undergrad Forums

Ongoing conversations about college life, finding internships, landing a job, and more

 

Nominate Your School

Fill out this simple form no later than Aug. 15, 2007, to nominate your school for BusinessWeek's 2008 ranking of undergraduate business programs


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THE FULL-TIME JOB HUNT

The school has information regarding the employment of 25% of 2006 graduates

Of 2006 graduates for whom we have information...

95% were seeking full-time professional employment in business

  5% were not seeking full-time professional employment in business

For those not seeking employment in business...

  0% of those were already employed at graduation

75% were planning to continue their education immediately after graduation

25% were postponing their job search

NA % were planning to start their own business

NA % of those not working were doing so for other reasons

356 companies recruited business students on campus from June 30, 2005 to June 30, 2006

613 companies posted full-time job offers for undergraduate business students on the school's job boards from June 30, 2005 to June 30, 2006

Of 2006 Job-seeking Graduates...

87% received their first job offer by graduation

13% received their first job offer within three months of graduation

NA % received their first job offer more than three months after graduation

NA % did not report having received an offer

71% accepted their first job offer by graduation

29% accepted their first job offer within three months of graduation

NA % accepted their first job offer more than three months after graduation

NA % did not report havingaccepted an offer


Top 10 recruiting firms that hired the most graduates in the past academic year No. hired
PricewaterhouseCoopers 50
IBM Corporation 41
Ferguson Enterprises, Inc. 21
NVR 19
Merrill Lynch 19
Ernst & Young 16
Johnson & Johnson 14
Accenture 11
Deloitte Touche Tomatsu 10
Target Corp. 9

Historic Salary Prospects for 2005 Grads (school reported)
Average base salary $ 46,782.00
Median base salary $ 46,500.00
Average signing bonus $ 4,300.00
Median signing bonus $ 5,000.00
Average other guaranteed compensation $ 42,982.00
Median other guaranteed compensation $ 39,960.00

CAREER DIRECTIONS

What percentage of 2006 graduates who accepted jobs did so in the following functional areas? Are these figures estimates based on the number of students majoring in these functional areas? Yes

Finance
(includes corporate finance, investments, treasury and financial analysis, public finance, etc.)
38%
Accounting/auditing 19%
General Management   6%
Human Resources   0%
Marketing/Sales
(includes public relations, product management, market research, advertising, etc.)
  8%
Management Information Systems   2%%
Operations   4%
Logistics/Transportation   2%
Other 21%

What percentage of 2006 graduates who accepted jobs did so in the following industries? Are these figures estimates? Yes

Accounting   3%
Consumer Products & Retail 19%
Consulting 16%
Financial Services 21%
Government, Nonprofit, & Education   4%
Health   3%
Manufacturing 25%
Media & Entertainment   3%
Sports & Leisure   0%
Technology & Science   2%
Transportation   2%
UTILITIES   1%
Other   1%

North American Jobs

1% of 2006 graduates accepted jobs in Canada

99% of 2006 graduates accepted jobs in the U.S.
Here's the regional breakdown on job acceptances in North American regions:

Northeast
(ME, VT, NY, NH, CT, MA, NJ, RI)
19%
Mid-Atlantic
(PA, MD, VA, WV, DE, DC)
67%
South
(NC, SC, KY, TN, GA, FL, AL, AR, LA, MS)
  4%
Southwest
(CO, AZ, TX, OK, NM)
  3%
Midwest
(WI, MO, KS, IA, MN, NE, MI, OH, IN, ND, SD, IL)
  4%
West
(CA, HI, WA, OR, AK, MT, ID, UT, NV, WY)
  3%
U.S. possessions and territories
(America Samoa, Palau, Guam, Puerto Rico, Virgin Islands)
  0%
Canada   1%

INTERNSHIPS

165 companies recruited internship-seeking undergraduate business students on campus from June 30, 2005 to June 30, 2006

79% of internships were paid.

Average compensation per week $ 657.00
Median compensation per week $ 650.00
Average internship length (weeks) 13

172 companies posted internships for undergraduate business students on school job boards from June 30, 2005 to June 30, 2006


Top 10 Recruiting Firms for Internships No. interns
Johnson & Johnson 85
Merrill Lynch 43
PricewaterhouseCoopers 34
Ernst & Young 14
Boscov's 12
KPMG LLP 11
UBS 10
Rezneck; Bristol Meyers 9
AstraZeneca; Ingersol-Rand; Smith-Barney 8
PNC Bank 7

ALUMNI AFFAIRS

19% of living undergraduate business alumni contributed to the program/university some time between June 30, 2005 and June 30, 2006

Of those who contributed...

The average gift was $ 688.00
The median gift was $ 63.00

From June 30, 2005 to June 30, 2006, the undergraduate business program Did not receive any individual gift in excess of $10 million

Prominent Alumni

Patricia A. Woertz, CEO/President, Archer Daniels Midland Co

John P. Surma, Chairman, President and CEO, United States Steel Corp.

James R. Stengel, Global Marketing Officer, Procter & Gamble


 
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