clss of 2005 job cceptnces 2005 employment report ENT M KELLOGG SCHOOL OF MANAGE OF SCHOOL KELLOGG Roxanne Hori Assistnt Den/Director Carla S. Edelston Senior Associte Director David C. Gent Senior Associte Director Karie Davis Associte Director Jill Clouse Assistnt Director Julie Grieve Assistnt Director Julia Navarre Assistnt Director CAREER MANAGEMENT CENTER Nancy Sims Assistnt Director Susan Green Career Resource Mnger Michael Schaefer Outrech Coordintor Michelle Jung Career Resource Associte Sam Samberg Account Mnger Becky Borowicz Account Mnger Lisa Kelly Office Mnger Evelyn M. Davis Career Mngement Associte ALUMNI CAREER ADVISERS Lind Blkin Ann S. Browning Krie Dvis Irv C. Pfeiffer Mtthew Temple Northwestern is n equl opportunity, ffirmtive ction eductor, nd employer. ©2005 Northwestern University. All rights reserved. The informtion in this book my not be reproduced in ny form without the written consent employment report 2005 of the Kellogg School of Mngement. b Winter 2005 2005 EMPLOYMENT REPORT Der Employer: Class Profile 2 The 2004-2005 MBA recruiting yer ws one of trn- sition. The job mrket picked up enough for everyone Demographic Information: Class of 2005 3 to notice. The number of opportunities nd offers Bse Slry Acceptnces by Work Experience 3 received by students incresed nd the competition Bse Slry Acceptnces by Undergrdute Degree 3 for MBAs ws noted by ll. Bse Slry Acceptnces by Age 3 Bse Slry Acceptnces by Sex 3 Three months fter grdution, 95% of the Kellogg Bse Slry Acceptnces by Geogrphic Distribution 3 School of Mngement’s clss of 2005 hd reported hving received n offer. We hve not seen number like this in long Major Industries Chosen by Graduates, 2001–2005 4 while. This ws the best indictor tht the mrket is improving. Likewise, Grdute Bse Slry Acceptnces by Industry 4 the Kellogg School’s clss of 2006 ws t lmost 00% in intern plce- Major Functions Chosen by Graduates, 2001–2005 5 ment for this pst summer. Grdute Bse Slry Acceptnces by Function 5 As you review the dt on the Kellogg School of Mngement’s Clsses Major Employers 6 of 2005 nd 2006, you will find tht our full-time consulting numbers grew to 32% nd investment bnking to %. Both industries experienced Corporate Recruiters 7 significnt increse in hires over the yer prior. Job Acceptances: Class of 2005 by Company 8 In terms of job functions, the top two job res for grdutes were con- Job Acceptances: Class of 2005 by Student 12 sulting t 36% nd product mngement t 2%. Two-Yer MBA, Internl Trnsfer & JD-MBA Students 2 Kellogg students continue to find opportunities in m ny loctions through- One-Yer MBA Students 22 out the U.S. nd overses. Almost 7% of the clss of 2005 took positions Mster of Mngement nd Mnufcturing Students 24 outside of the United Sttes; this is n increse of 2% from the prior yer. In The Mngers’ Progrm Prt-time MBA Students 25 ddition, we sw 6% of the clss hed to the West Cost. Major Industries Chosen by Summer Interns, 2001–2005 28 We continue to be plesed with the diversity of opportunities our students Summer Intern Slry Acceptnces by Industry 28 pursue nd with the success they find upon grdution. We look forwrd Major Functions Chosen by Summer Interns, 2001–2005 29 to continuing to develop our reltionship with your orgniztion in the com- Summer Intern Slry Acceptnces by Function 29 ing yer nd providing positive experience for you nd Kellogg students. Major Summer Intern Employers 30 From ll of us t the Kellogg School of Mngement, thnk you for the support you nd your orgniztion hve provided to us. Summer Acceptances: Class of 2006 by Company 31 Kind regrds, Summer Acceptances: Class of 2006 by Student 35 Two-Yer MBA & JD-MBA Students 35 cl Mster of Mngement nd Mnufcturing Students 45 ss of 2005 job Kellogg Corporate Affiliates 48 Roxnne Hori Assistnt Den nd Director, ccept creer Mngement Center Kellogg School of Mngement nces Northwestern University CLASS OF 2005 PROFILE Demographics Number of students grduting in the Clss of 2005 76 Two-Yer MBA students 448 One-Yer MBA students 8 The Mngers’ Progrm students 0 Internl Trnsfer students 7 Mster of Mngement nd Mnufcturing students 6 JD-MBA students* 7 MD-MBA students** Averge ge t grdution 29.7 Prior work experience 00% Averge length (yers) 5.2 Femle 29% Minority 28% Foreign 27% Undergraduate majors Business 23% Midwest 35% Economics 9% Northeast 20% Engineering/Sciences 40% Asia 6% Socil Sciences/Humnities 8% Mid-Atlantic 3% Undergrdute institutions represented 23 South 3% Southwest 6% Europe 5% Employment summary West 16% Number of grdutes reporting employment sttus to CMC 663 International 17% Number of grdute cceptnces reported 607 Other 4% Number of st yer students reporting employment sttus to CMC 537 Canada 1% Number of internship cceptnces reported 527 Central/ South America/ * Joint lw School/Kellogg students CLASS OF 2005 JOB ACCEPTANCES BY GEOGRAPHIC DISTRIBUTION Caribbean 1% ** Joint Medicl School/Kellogg students employment report 2005 2 DEMOGRAPHIC INFORMATION CLASS OF 2005 BASE SALARY ACCEPTANCES BY WORK EXPERIENCE BASE SALARY ACCEPTANCES BY GEOGRAPHIC DISTRIBUTION Experience Percent* Range ($) Average ($) Median ($) Region Percent* Range ($) Average ($) Median ($) <1 Year † United States 83 36,000 – 175,000 98,100 95,000 1-2 Years 2 80,000 – 135,000 105,100 100,000 Northeast 1 20 70,000 – 140,000 99,000 95,000 3-5 Years 67 30,000 – 175,000 97,000 95,000 Boston 2 70,000 – 115,000 101,700 105,000 >5 Years 31 40,000 – 140,000 99,600 100,000 New York City 14 70,000 – 140,000 98,600 95,000 Other Northeast 4 75,000 – 125,000 99,100 96,750 BASE SALARY ACCEPTANCES BY UNDERGRADUATE DEGREE Mid-Atlantic 2 3 40,000 – 125,000 90,200 87,750 Degree Percent* Range ($) Average ($) Median ($) South 3 3 85,000 – 130,000 98,600 93,850 Nontechnical 69 30,000 – 175,000 95,500 95,000 Midwest 4 35 60,000 – 175,000 98,800 95,700 Technical 31 36,000 – 175,000 103,200 100,000 Chicago 26 67,000 – 175,000 102,600 105,000 Other Midwest 9 60,000 – 110,000 88,300 89,100 BASE SALARY ACCEPTANCES BY AGE Southwest 5 6 77,500 – 115,000 99,100 107,500 Age Percent* Range ($) Average ($) Median ($) West 6 16 36,000 – 150,000 97,100 95,000 25-26 2 30,800 – 115,000 98,100 107,500 Bay Area 10 36,000 – 125,000 98,000 100,000 27-29 49 30,000 – 175,000 96,500 95,000 Los Angeles 2 72,000 – 150,000 101,500 93,000 30 or > 49 40,000 – 175,000 99,300 95,000 Other West 4 80,000 – 125,000 92,000 90,000 BASE SALARY ACCEPTANCES BY GENDER International 17 30,000 – 175,000 96,600 95,000 Sex Percent* Range ($) Average ($) Median ($) Asia 6 30,000 – 150,000 89,000 95,000 Female 26 30,000 – 175,000 95,000 95,000 Canada 1 67,000 – 121,000 94,200 100,000 Male 74 32,000 – 175,000 99,000 95,000 Central/South America/ 1 60,000 – 120,000 82,600 80,000 Caribbean Europe 5 75,000 – 132,000 111,300 115,000 Other International 7 4 55,000 – 175,000 95,700 95,000 * Percentges hve been rounded to the nerest whole number Including CT, MA, NJ, NY, RI; 2 Including DC, DE, MD, PA, VA; 3 Including FL, GA, NC, TN; 4 Including IL, IN, KS, MI, MN, MO, OH, WI; 5 Including AZ, CO, TX; 6 Including CA, HI, OR, UT, WA; 7 Including Middle est, Mexico, Multiple Interntionl Loctions, Other, South Pcific/Austrli cl ss of 2005 job ccept nces 3 MAJOR INDUSTRIES CHOSEN BY GRADUATEs 2001–2005 GRADUATE BASE SALARY ACCEPTANCES BY INDUSTRY Percent of Acceptances Industry Percent* Range ($) Average ($) Median ($) Manufacturing: 26 Industry 2005 2004 2003 2002 2001 Auto/transportation equipment 1 50,000 – 110,000 84,700 87,050 Auto/transportation equipment 1 2 3 2 2 Computers-consumer products 1 79,800 – 125,000 92,500 90,000 Computers-consumer products 1 1 1 1 3 Consulting 32 27 24 23 39 Food/beverage 7 67,000 – 117,800 87,100 85,000 Diversified financial services 3 4 2 3 2 Household/personal products 4 30,000 – 133,400 82,700 85,000 Food/beverage 7 5 6 6 3 Other manufacturing 1 80,000 – 125,000 95,900 89,750 Household/personal products 4 5 4 3 3 Petroleum/energy 1 90,000 – 125,000 97,200 92,000 Investment banking/ Pharmaceuticals/biotechnology/ 11 8 10 15 15 7 55,000 – 125,000 93,500 92,700 brokerage/securities health products Investment management 3 3 3 3 3 Software/printing/publishing 1 80,000 – 120,000 95,600 95,000 Other manufacturing 1 4 2 2 1 Telecommunications 1 80,000 – 110,000 96,700 97,500 Petroleum/energy 1 1 1 3 1 Widely diversified 1 78,750 – 115,000 99,750 105,000 Pharmaceuticals/ 7 8 7 8 5 Services: 74 biotechnology/health products Commercial banking 1 85,000 – 115,000 93,300 90,000 Private equity/LBO 3 2 1 1 2 Real estate 3 2 3 2 — Computer-related services 1 100,000 – 130,000 109,000 105,000 Retail 3 4 3 2 1 Consulting 32 41,500 – 150,000 107,900 110,000 Software/printing/publishing 1 3 2 3 3 Diversified financial services 3 67,000 – 105,000 87,000 87,250 E-commerce 1 79,300 – 100,000 91,550 92,500 *Percentges hve been rounded to the nerest whole number The following industries were ech represented by less thn % of reported cceptnces nd re not included in Education 1 72,000 – 95,400 85,500 85,000 the bove tble: Accounting, Agribusiness, Chemicls, Construction, Extrctive minerls/metls, Food services/ Entertainment/leisure 1 60,000 – 95,000 80,200 85,000 lodging, Forest products/pckging, Government, Nonprofit, Other Services, Rubber/Plstics, Textiles/clothing, Widely diversified services Healthcare services 2 40,000 – 120,000 97,700 102,500 Investment banking/brokerage/ 11 50,000 – 135,000 95,900 95,000 securities Consulting 32% Investment management 3 32,000 – 150,000 94,100 95,000 Other services 13% Consumer & packaged goods