Employment Report 2008 Winter 2009
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Employment Report 2008 Winter 2009 Dear Employer: Career Management Center Roxanne Hori, Assistant Dean/Director Once again, we thank you for the support you provide Carla S. Edelston, Sr. Associate Director to the Kellogg School of Management through the Leigh Nagy Frasher, Associate Director recruitment of our students. The full-time class of Liza Kirkpatrick, Associate Director 2008 and the summer intern class of 2009 did quite Shane Sugino, Associate Director well in terms of job opportunities. This success would not have been possible Nancy Sims, Assistant Director without sustained interest and encouragement from the employer community. Kristin Stroud, Assistant Director John Boley, Industry Relationship Manager Enclosed you will find employment statistics on both classes. I hope this information Kate Onn, Industry Relationship Manager is helpful to you this year. Please do not hesitate to contact us if you have any Sam Samberg, Industry Relationship Manager Kara Moore, Career Resource Manager questions or feedback about this material. Madison Morris, International Resource Coordinator Marti Wilimzig, Career Resource Associate In spite of a declining economy, Kellogg students remain a highly sought after talent Julia Navarre, Assistant Director pool for many companies. We hope that as you gain a better sense of your hiring Jonathan Rayfield, Office Manager needs for this year, you will reach out and let us know how we might assist you. Evelyn M. Davis, Career Management Associate We are ready to work with you in the coming year. Alumni Career Advisers All of us in the Kellogg School’s Career Management Center thank you for the Ann S. Browning support you continue to provide to us, the students and the school. Karie Davis Beth Korn Warmest regards, Bob Langewisch Tom Morehead Irv C. Pfeiffer Matthew Temple Roxanne Hori Assistant Dean and Director, Career Management Center Northwestern University is an equal opportunity, affirmative action educator and employer. Kellogg School of Management ©2009 Northwestern University. All rights reserved. The information in this book may not be reproduced in any form without the written consent of the Kellogg School of Management. Table of Contents Class of 2008 13 Job Acceptances: Class of 2008 by Student 13 Two-Year MBA, Internal Transfer, & JD-MBA students 2 Class of 2008 Profile 24 One-Year MBA students 3 Demographic Information: Class of 2008 26 MMM students 3 Base Salary Acceptances by Work Experience 28 Part-Time MBA students 3 Base Salary Acceptances by Undergraduate Degree 3 Base Salary Acceptances by Age Summer Internships 3 Base Salary Acceptances by Gender 31 Major Industries Chosen by Summer Interns, 2004-2008 3 Base Salary Acceptances by Geographic Distribution 31 Class of 2009 Summer Intern Salary Acceptances by Industry 4 Major Industries Chosen by Graduates, 2004-2008 32 Major Functions Chosen by Summer Interns, 2004-2008 4 2008 Graduate Base Salary Acceptances by Industry 32 Class of 2009 Summer Intern Salary Acceptances by Function 5 Major Functions Chosen by Graduates, 2004-2008 33 Major Summer Intern Employers 5 2008 Graduate Base Salary Acceptances by Function 34 Summer Acceptances: Class of 2009 by Company 6 Major Employers 38 Summer Acceptances: Class of 2009 by Student 7 Graduate Sign-On Bonus Acceptances by Industry Group 38 Two-Year MBA & JD-MBA students 7 Graduate Sign-On Bonus Acceptances by Functional Group 51 MMM students 8 Corporate Recruiters 53 Kellogg Corporate Affiliates 9 Job Acceptances: Class of 2008 by Company Employment Report — Class of 2008 Job Acceptances 1 Class of 2008 Profile Demographics Number of students graduating in the class of 2008 759 Two-Year MBA students 475 One-Year MBA students 74 Part-Time MBA students 126 MMM students 1 60 JD-MBA students 2 22 MD-MBA students 3 2 Age range at graduation 26-41 Full time work experience 100% Average length (years) 5.1 Female 31% Class of 2008 Job Acceptances by Geographic Distribution Minority 26% International 28% Midwest 37% Undergraduate majors Northeast 21% Business 27% Economics 18% Engineering/Sciences 38% Mid-Atlantic 4% Social Sciences/Humanities 17% South 3% Southwest 5% Undergraduate institutions represented 269 West 16% Employment summary International 14% Number of graduates reporting employment status to CMC 693 Number of graduate acceptances reported 642 Asia/South Pacific 6% Number of 1st year students reporting employment status to CMC 549 Number of internship acceptances reported 535 Europe 4% 1. Dual degree MBA + MEM program in design and operations. Central/South America/ 2. Joint Law School/Kellogg students. Caribbean 2% 3. Joint Medical School/Kellogg students. Other 2% 2 Demographic Information – Class of 2008 Base Salary Acceptances by Geographic Distribution Base Salary Acceptances by Work Experience Region Percent* Range ($) Average ($) Median ($) Experience Percent* Range ($) Average ($) Median ($) United States 86% 47,000 – 250,000 111,800 110,000 Northeast 1 21% 75,000 – 190,000 106,700 95,000 1-2 Years 6% 47,000 – 190,000 109,000 100,000 Boston 3% 95,000 – 135,000 117,600 116,000 3-4 Years 47% 52,000 – 250,000 111,500 110,000 New York City 15% 75,000 – 190,000 106,100 95,000 5-9 Years 46% 52,000 – 250,000 112,400 110,000 Other Northeast 3% 80,000 – 155,000 101,800 95,000 10-15 Years 1% 75,000 – 200,000 115,750 107,500 Mid-Atlantic 2 4% 47,000 – 175,000 120,300 115,000 Base Salary Acceptances by Undergraduate Degree Washington D.C. 3% 83,000 – 160,000 114,700 115,000 Other Mid-Atlantic 1% 47,000 – 175,000 109,000 108,500 Degree Percent* Range ($) Average ($) Median ($) South 3 3% 90,000 – 125,000 108,000 102,500 Nontechnical 37% 52,000 – 250,000 110,800 110,000 Midwest 4 37% 75,000 – 250,000 112,700 105,000 Technical 54% 47,000 – 250,000 112,200 110,000 Chicago 27% 75,000 – 250,000 116,500 120,000 Other 9% 65,000 – 250,000 114,000 110,000 Minneapolis 1% 88,000 – 130,000 103,250 95,000 Base Salary Acceptances by Age Other Midwest 9% 82,000 – 160,000 102,900 97,000 Southwest 5 5% 60,000 – 250,000 113,800 110,000 Age Percent* Range ($) Average ($) Median ($) Dallas/Ft. Worth 3% 60,000 – 250,000 117,200 120,500 25-26 2% 85,000 – 127,000 99,250 95,000 Other Southwest 2% 90,000 – 175,000 111,300 105,000 27-29 51% 47,000 – 250,000 111,750 110,000 West 6 16% 85,000 – 170,000 116,100 115,500 30 or > 47% 52,000 – 250,000 112,500 110,000 Los Angeles 1% 95,000 – 150,000 120,900 125,000 Base Salary Acceptances by Gender San Francisco Bay 8% 90,000 – 170,000 120,000 120,000 Seattle 3% 102,000 – 125,000 111,700 110,000 Gender Percent* Range ($) Average ($) Median ($) Other West 4% 90,000 – 130,000 110,100 110,000 Female 32% 47,000 – 250,000 107,400 100,000 International 14% 52,000 – 240,000 112,200 111,250 Male 68% 52,000 – 250,000 114,000 110,000 Africa † Asia–East 4% 65,000 – 240,000 111,850 106,500 *Percentages have been rounded to the nearest whole number. Asia–South/Southeast 1% 52,000 – 120,000 85,100 83,500 Australia/South Pacific † Caribbean † Europe–Eastern 1% 105,000 – 120,000 111,250 110,000 Europe–Western 2% 76,000 – 145,000 118,700 121,500 Europe–London 1% 120,000 – 180,000 140,600 140,000 Middle East † North America–Non U.S. 2% 85,000 – 160,000 112,000 105,000 South America 2% 80,000 – 137,500 110,600 111,500 1. Including CT, MA, NJ, NY * Percentages have been rounded 2. Including DC, PA, VA to the nearest whole number. 3. Including AR, FL, GA, NC † Less than 1 percent of accepted offers. 4. Including IIL, IN, MI, MN, MO, OH, WI 5. Including AZ, CO, TX 6. Including CA, OR, WA Employment Report — Class of 2008 Job Acceptances 3 Major Industries Chosen by Graduates 2004-2008 Graduate Base Salary Acceptances by Industry Percent of Acceptances* Industry Percent* Range ($) Average ($) Median ($) Industry 2008 2007 2006 2005 2004 Manufacturing: 28% Consulting 33 31 33 32 24 Chemicals 1% 95,000 – 123,000 103,250 97,500 Consumer & packaged goods 10 10 11 11 11 Computer hardware 2% 93,000 – 128,000 112,600 116,000 High-tech manufacturing & services 9911 87 Computer software 4% 102,000 – 130,000 115,300 115,000 Investment banking, brokerage & securities 12 11 8 11 10 Energy 1% 95,000 – 128,000 102,700 99,000 Media & entertainment 12––– Food/beverage 7% 75,000 – 110,000 92,700 92,500 Other financial services, private equity 13 14 10 11 10 Healthcare products 2% 52,000 – 105,000 93,100 100,000 & venture capital Household/ 2% 85,000 – 97,000 92,600 92,000 Other manufacturing 657511 personal products Other services 10 13 13 13 17 Other manufacturing 1% 85,000 – 190,000 116,800 97,000 Pharmaceutical, biotechnology, healthcare 677910 Pharmaceuticals 1% 75,000 – 105,000 97,000 97,000 Telecommunications 1% 90,000 – 118,600 103,400 102,500 *Percentages have been rounded to the nearest whole number. Widely diversified 2% 90,500 – 120,000 108,100 115,000 The following industries were each represented by less than 1% of reported acceptances and are not included in Services: 72% the table to the right: Advertising, Aerospace, Agribusiness, Alternative energy, Automotive, Biotechnology, Computer services, Construction, Consumer electronics, Education, Electronic equipment manufacturing, Entertainment, Executive Commercial banking 1% 90,000 – 123,000 105,100 101,400 Search, Government, Healthcare consulting, Heavy equipment/machinery, Insurance, Medical devices, Non-profit, Other services, Petroleum, Telecommunications services, Textiles/clothing, Travel/leisure services, Utilities Consulting 27% 80,000 – 250,000 126,600 125,000 Diversified 3% 80,000 – 190,000 104,800 105,000 financial