2008 Best Places to Launch A Career

67. EMC

Technology


More Info

Company Insight: EMC

HQ Address:
EMC Corporation
176 South Street
Hopkinton, Massachusetts 01748

Organization's Web site

Careers site

Managing Your Career

EMC

Among the training opportunities: a 2 1/2-year in-house MBA program.

Getting Started

Undergrad Internships

Internships are filled for 2008

Undergrad internships (paid and unpaid)

2008: 352 (to date)

2007: 617

2006: 471

100% of internships are paid, 0% are unpaid.

2007 interns came from the following classes...

1% Freshman

12% Sophomores

30% Juniors

57% Seniors

...and from the following majors:

20% Business

29% Computer Science

0% Economics

33% Engineering

4% Liberal Arts

1% Math

0% Science

0% Undeclared

13% Psychology, English, Sociology, Communications

There is an official summer internship program

Average summer program: 12 weeks

Minimum: NA weeks

Maximum: NA weeks

Average hourly wage: $17.00

Average total intern compensation: $9,000

90% of eligible 2007 interns received full-time job offers

75% of interns with offers accepted

Applicants & New Hires

Recruited on 100 undergrad campuses in 2007-08.
Made job offers on 85 undergrad campuses.

Applicants for entry-level jobs

    2008: 17,000 (to date)

    2007: 15,000

    2006: 10,000

Entry-level hiring

Entry-level hiring is not complete for 2008.

New hires in:

2008: 889* (to date)

2007: 1,054

2006: 722

Entry-level hires who were undergrad interns

2008: 10% (to date)

2007: 15%

2006: 10%

Most important characteristics for new hires:

3 Communication Skills

1 College Major

2 Work Experience

Many positions are in hardware and software engineering, as well as in EMC?s Sales, Marketing, Human Resources, Finance, IT, and Services organizations. EMC also offers associate and rotational programs, paid co-ops, and internships designed for post-grad and entry-level employees.

2007 entry-level hires came from the following majors:

18% Business

18% Computer Science

1% Economics

9% Engineering

8% Liberal Arts

1% Math

11% Science

0% Undeclared

34 Sales, Social Sciences, and other unspecified areas of study% Other

...and are:

NA% African American

NA% Hispanic American

NA% Asian American

NA% Other

NA% Total minorities

NA% Female

Salary & Benefits

Salary & Benefits

Entry-level hires since Jan. 1, 2008 (to date)

Average base salary:
$50,000 to $54,999

4% earn less than $35,000

5% earn $35,000 to $39,999

21% earn $40,000 to $44,999

9% earn $45,000 to $49,999

32% earn $50,000 to $54,999

9% earn $55,000 to $59,999

8% earn $60,000 to $64,999

5% earn $65,000 to $69,999

2% earn $70,000 to $74,999

5% earn $75,000 and above

Bonuses, Overtime & Perks

0% received signing bonuses

Average signing bonus: NA

47% received performance bonuses in their first year on job

Average performance bonus, 2007: $1,375

49% of 2007 entry-level hires eligible for overtime

51% of 2007 entry-level hires not eligible for overtime

Reimburse employees for education expenses? Yes

Do employees become eligible immediately? Yes

Maximum annual education reimbursement: $10,000

Full grad school sponsorship for jr. level employees? Yes*

Partial grad school sponsorship for jr. level employees? Yes

Time Off

Total paid vacation days

Vacation days during first year: 10

Vacation days after one year: 10

Vacation days after three years: 10

Vacation days after five years: 15

Vacation days after 10 years: 20

Total paid holidays: 8

Paid time off for religious observances and/or floating holidays:

Floating holidays/religious observance days off per year: 3

Paid sick/personal days allowed in first year: 5

Flextime is an option for entry-level employees

Health Benefits

Do entry-level hires have access to health plan? Yes

Employees pay part of the cost? Yes

Does health plan provide dental coverage? Yes

Extra charge for dental coverage? Yes

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? Yes

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

Do entry-level hires have access to 401(k)? Entry-level hires are given access to a 401(K) savings plan

Max. company match as a percentage of salary: 6%

Min. employee set-aside as a percentage of salary to receive max. co. match: 6%

401(k) Details: EMC matches up to 6% as a percentage of salary, up to $750 per quarter.

Are entry-level hires eligible for company funded pension? No

Are entry-level hires eligible for profit-sharing program? No

Other Benefits

Does company match employee charitable gifts? Yes

Does company pay relocation expenses? Yes

Max. annual relocation expenses? $35,000

This maximum reimbursement is for entry-level hires only.

Employee Discounts on the following:

Car rentals

Gym memberships

Cell phone service

Insurance

Cultural events

Publications

Flexible work schedules, on-site cafeterias, day-care, dry-cleaning, and fitness centers, as well as health and wellness programs. Additionally, EMC partners with NextJump to provide employees access to discounts at over 1,200 retailers and entertainment complexes nationwide.

Notes: EMC?s Northeastern University 2? year onsite MBA program is one of EMC?s more unique programs where employees work on team projects relevant to EMC.

Many customizable programs allow employees to select the health, wellness, life insurance, 401(k), flexible spending plans, and coverage that best meet their needs and those of their families, including spouses/domestic partners and eligible dependents.

Moving On Up

Work Environment

Average entry-level work week: NA hours

Does average vary by business unit, department? Yes

Entry-level hire work locations...

NA% in open work stations

NA% in cubicles

NA% in shared offices

NA% in private offices

NA% have no company-supplied work space

Typical dress code

Business Casual

Casual Friday

Organization sponsors employee volunteer opportunities

Does organization have fitness facilities on site? Some locations

Training Programs

The organization has a formal orientation program for new hires

Program length: 1 days

Orientation includes the following:

Guest speakers

Diversity exercises

Team building activities

Benefits overview

Introduction to EMC 90 Day Success Plan that supports employees as they begin their careers at EMC.

NA average spent on training, per new hire, in 2007

Program Name:

How do new employees enter the program?

If not hired directly into program, when are most new hires first considered eligible?

After completion of program, what percentage of employees receive a raise?

How much is the typical raise:

There is a formal leadership program for entry-level hires that lasts a year or more.

Program Name: The EMC Finance Training Program (FTP)

How do new employees enter the program? Hired into the program

If not hired directly into the program, when are most new hires first considered eligible?

Is program rotational? Yes

If so, how many locations or business units does the employee spend time at? 3

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: 100

Minimum: NA weeks

Maximum: NA weeks

After completion, what percentage of employees receive a raise?: 100%

How much is the typical raise: 5-9.9%

Does company have formal mentorship program? Yes

75% of entry-level hires participate

13 days of additional training expected

Getting Ahead

Three-year retention rate: 84%

Five-year retention rate: 82%

How are raises determined?

Performance

When are most entry-level hires eligible for their first raise?

After 1-year of service during EMC's annual compensation review period.

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion?

Other (explain below) After 1-year of service during EMC's annual compensation review period

Evaluations

Frequency of evaluations

Annually

Most important characteristics for entry-level hires:

NA* Analytical Skills

NA Creativity

NA Customer Satisfaction

NA Effort

NA Enthusiasm

NA Intelligence

NA Leadership Ability

NA Learning Ability

NA Organizational Skills

NA Productivity/Efficiency

NA Quality

NA Sales/Revenue Generation

NA Teamwork

NA

Min. tenure in years required for job change: 1

Long-Term Prospects

Does position of vice president exist at this organization? Yes

If not, is there a comparable title?

No. of employees who hold VP or similar title: 188

No. of employees with VP or similar title with 20 years plus seniority: 19

Age of youngest employee with VP or similar title: NA

Seniority of youngest employee with VP or similar title in years: NA

Notes: Important skills for entry level hires varies depending the work group where the individual is employed.

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