Professional Documents
Culture Documents
MIT Sloan
MBA Employment Report
2004–2005
uncommon
MIT Sloann n n
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MIT Sloan MBA Employment Report
Johnson & Johnson Microsoft Corporation OmniGuide Putnam Investments STP&I W.R. Huff Asset
Kimberly–Clark Millennium Communications Raytheon Company Symantec Corporation Management
Corporation Pharmaceuticals Openwave Systems RealNetworks Target Corporation Wachovia
Kyocera Wireless Massachusetts Oracle Reebok International TD Securities The Washington Post
LAN Airlines Institute of Orchid Partners RGS Associates Teleconsultans Wellington
LeapFrog Technology Overture Riverside Partners Telefonica Management
Lehman Brothers Mok3 PA Consulting Group RSA Security Teradyne Company
Lexecon Moody’s Investors Pacific Alternative Asset Ruckus Network The Thomson Wells Fargo
Liberty Mutual Service Management Samsung Corporation WGBH
Light Pharma Moog Company SAP T-Mobile Wilson TurboPower
LION bioscience Monitor Group Pacific Investment SBC Communications Toyota Windham Capital
LNR Property Morgan Stanley Management Schlumberger Transitions Capital Management
Corporation Morningstar Company Schoolnet Transkaryotic Winter Properties
Lowe’s Companies Namco Packard Foundation SECOR Consulting Therapies Worldwide Information
Lucent Technologies National Capital palmOne Serono Transmeta Network Systems
Luxottica Revitalization Paramount Biocapital Siebel Systems Transpac Capital Yahoo!
MassMutual Corporation Investments Siemens AG Trizec Properties Yum! Brands
MasterCard NBC Sports Parthenon Group Simon-Kucher & United Nations ZS Associates
Masterfoods Netapp PartnerRe Partners United Technologies
The Mathworks Nextel Communications Pegasystems Sino Century Assets Corporation
McKinsey & Company New Signature Pembroke Management University of Hawaii
McKinstry Nike Management SolidWorks Velti S.A.
Medley Global Advisors Nissan PeopleSoft Sony Corporation Viisage Technology
Medtronic Nokia Pfizer South China Media Viking Global Investors
Merck & Co. North General Hospital Phillips–Norelco Group Visa International
Merganser Capital Novartis Poweradvocate Sprint VitaMed
Management Pharmaceutical Pricewaterhouse- Stanford University VizQuest Ventures
Merkle Direct Marketing Novell Coopers Staples VMware
Merrill Lynch Novo Nordisk Procter & Gamble State Street Bank WCI Communities
MFS Investment Pharmaceuticals Product Genesis Stonebridge W.M. Hague Company
Management NWI Management Progressive Insurance Associates W.R. Grace
Micron Technology The Olsen Company PRTM StorageTek
NOTE: Employers hiring three or more MIT Sloan students for full-time and/or summer positions are noted in bold.
CLASS OF 2004 PROFILE1
Number of Candidates 373
U.S. Citizens 69%
Non-U.S. Citizens 31%
Women 25%
Median GMAT Score 710
Median Undergraduate Grade-Point Average (out of 4.0) 3.5
Average Age at Entry 28
Average Years of Full-Time Work Experience Prior to MIT Sloan 5.1
1
Class profile (as of matriculation) and employment statistics (as of graduation) include information for MBAs and students in
the joint MBA/Leaders for Manufacturing program.
2
All information based on data reported by students.
3
Full-time employment statistics based on job acceptances. 97.7% of reported acceptances included usable salary information.
CLASS OF 2004 BASE SALARY BY INDUSTRY
Percent Mean Median Range TOP INDUSTRIES
SERVICE INDUSTRIES 70.8 $96,103 $97,500 $50,000 – 150,000 ’04 ’03 ’02
Consulting 30.3 99,968 105,000 60,000 – 138,000 Consulting 30.3% 15.8% 10.7%
Investment Banking/Brokerage 10.7 88,060 85,000 62,500 – 125,000 High Tech* 18.7 21.6 25.1%
Software 8.8 96,891 90,000 70,000 – 150,000 Investment Banking/
Brokerage 10.7 n/a** 24.2%
Investment Management 6.1 99,813 87,500 80,000 – 150,000
Diversified Financial Services 4.6 95,000 90,000 80,000 – 130,000 * Including Computers, Electronics, Software and
Telecommunications (’03 and ’02 included Biotechnology)
Media/Entertainment 3.1 90,571 98,000 70,000 – 115,000 ** Not a top industry in ’03
1
Insufficient data indicates fewer than three people or less than 1% reported salary information.
2
Finance: Other includes venture capital/private equity, corporate finance, and treasury.
CLASS OF 2004 BASE SALARY BY GEOGRAPHIC LOCATION
Percent Mean Median Range
UNITED STATES 86.0 $95,091 $95,000 $70,000 – 150,000
Northeast 50.6 96,177 95,000 50,000 – 150,000
West 15.1 96,324 95,000 70,000 – 150,000
Midwest 5.8 94,200 93,000 80,000 – 105,000
Mid-Atlantic 5.4 95,250 97,500 80,000 – 110,000
Southwest 4.6 91,000 87,500 78,000 – 110,000
South 4.6 85,917 85,000 70,000 – 105,000
OUTSIDE U.S. 14.0 $88,100 $90,000 $12,000 – 138,000
United Kingdom 3.5 1 1 2 ,750 107,500 95,000 – 138,000
Asia 3.5 75,611 90,000 1 2,000 – 105,000
Western Europe 3.1 92,375 87,000 75,000 – 130,000
Central/South America/Mexico 3.1 67,429 72,000 40,000 – 90,000
Eastern Europe 0.4 insufficient data insufficient data insufficient data
1
68% of the students reporting usable salary data reported receiving a signing bonus.
Percentage represents students who received a signing bonus in the job function.
2
Finance: Other includes venture capital/private equity, corporate finance, and treasury.
Class of 2004 Reason for Accepting Position
Prestige of
Firm 6.9%
Class of 2004 Source of Job
Scheduled Interviews
People/Corporate On and Off Campus 26.8%
Culture 9.2% Growth Potential
23.0%
Summer Internship
24.9%
OTHER GUARANTEED COMPENSATION
Percent
Reporting Mean Median Range
32 $24,261 $15,000 $1,500–120,000
Faculty/CDO/Student
Referral 7.7%
Newspaper, Magazine,
Job Boards 3.1%
Other 1.6%
Other Activities 1.6%
1
Five graduates, representing 1.7% of graduates, reneged on accepted offers.
CLASS OF 2005 PROFILE1
Number of Candidates 354
U.S. Citizens 66%
Non-U.S. Citizens 34%
Women 26%
Median GMAT Score 710
Median Undergraduate Grade-Point Average (out of 4.0) 3.5
Average Age at Entry 27
Average Years of Full-Time Work Experience Prior to MIT Sloan 4.9
1
Class profile includes information for MBA students only. Employment statistics do not include information for Leaders for
Manufacturing students, except noting they are not seeking summer employment.
2
All information based on data reported by students.
3
Summer employment statistics based on job acceptances. 90.2% of reported acceptances included usable salary information.
CLASS OF 2005 MONTHLY SALARY BY INDUSTRY
Percent Mean Median Range TOP INDUSTRIES
SERVICE INDUSTRIES 65.7 $6,673 $7,083 $300 –20,000 ’04 ’03 ’02
Consulting 17.6 7,255 8,000 300 – 11,764 High Tech* 21.3% 21.6% 25.1%
Investment Banking/Brokerage 14.5 7,041 7,000 3,200 – 8,500 Consulting 17.6 15.8 10.7%
Software 10.5 5,716 6,000 2,000 – 8,000 Investment Banking/
Brokerage 14.5 14.3 24.1%
Investment Management 6.8 5,737 5,682 1,500 – 17,000
Venture Capital 4.9 3,396 3,282 2,000 – 7,500 *Including Computers, Electronics, Software and
Telecommunications (’03 and ‘02 included Biotechnology)
Media/Entertainment 4.9 5,116 5,000 1,750 – 10,000
Diversified Financial Services 2.8 7,035 5,617 4,000 –20,000
Retail 0.6 Insufficient data1 Insufficient data Insufficient data
1
Insufficient data indicates fewer than three people or less than 1% reported salary information.
2
Finance: Other includes venture capital/private equity, corporate finance, and treasury.
Class of 2005 Reason for Accepting Position
Industry 16.7%
Job Content 23.6%
Compensation
1.6%
Location
5.2%
Prestige of
Firm 8.9%
Scheduled Interviews
On and Off Campus 39.7%
MIT/MIT Sloan
Job Postings 13.0%
Faculty/CDO/Student
Referral 7.5%
MIT/MIT Sloan
Sponsored Events 4.6%
Referrals 1.0%
Other 2.6%
Other 1.6%
Career Development Office Contacts
Jackie Wilbur Lisa Monaghan Additional Contacts
Director Career Resource Center Assistant David Capodilupo
General management, new business Job postings (academic year only) Executive Director, MBA Program
development, corporate relations lmonag@mit.edu dcap@mit.edu
jwilbur@mit.edu 617.253.7504 617.258.0879
617.258.6492
Phillip McMullen Marie Eiter
Sue Kline Associate Director, Career Education Executive Director, Executive Education
Associate Director, Recruiting and Counseling meiter@mit.edu
Recruiting services and policies, Career development seminars and workshops, 617.253.1503
corporate relations, employment statistics student advising, especially non-U.S. students
skline@mit.edu mcmullen@mit.edu Christine Foglia
617.253.3946 617.253.8399 Center Manager
MIT Center for Information Systems Research
Tricia Lacefield Julie Papp cfoglia@mit.edu
Assistant Director, Recruiting Associate Director, Career Education 617.253.6657
Recruiting scheduling and logistics, company and Counseling
presentations, club contacts Career development seminars and workshops, Ken Morse
tlacefield@mit.edu student advising Senior Lecturer and Managing Director
617.258.6493 jpapp@mit.edu MIT Entrepreneurship Center
617.258.7429 ecenter@mit.edu
Dana Hart 617.253.8653
Assistant Director, Recruiting Heather Miller
Marketing outreach, career fairs/events, Assistant Director, Career Education Don Rosenfield
club contacts and Counseling Director, Leaders for Manufacturing Program
dchart@mit.edu Student advising, student club support, donrose@mit.edu
617.324.1017 career development seminars and workshops 617.253.1064
hamiller@mit.edu
Marilyn Cronin 617.253.9831 David Verrill
Associate Director, Career Resource Center Executive Director, Center for e-Business @MIT
Job postings, Career Resource Center Emily Price dverrill@mit.edu
management, company literature Administrative Assistant 617.452.3216
mcronin@mit.edu eeprice@mit.edu
617.258.6125 617.253.6149 David Weber
Director, Corporate Relations
dweber@mit.edu
617.253.7161
The Massachusetts Institute of Technology is committed to the principle of equal opportunity in education and employ-
ment. The Institute does not discriminate against individuals on the basis of race, color, sex, sexual orientation, religion,
disability, age, veteran status, ancestry, or national or ethnic origin in the administration of its educational policies, admis-
sions policies, employment policies, scholarship and loan programs, and other Institute administered programs and activ-
ities, but may favor U.S. citizens or residents in admissions and financial aid. *
The Vice President for Human Resources is designated as the Institute's Equal Opportunity Officer and Title IX
Coordinator. Inquiries concerning the Institute's policies, compliance with applicable laws, statutes, and regulations (such
as Title VI, Title IX, and Section 504), and complaints may be directed to Laura Avakian, Vice President for Human
Resources, Room E19-291, 617 253-6512 or to Regina A. Caines, Director of Affirmative Action, Equal Opportunity and Principal photography:
Diversity Pro-grams, Room E19-226, 617 258-8718. Inquiries about the laws and about compliance may also be directed Stuart Darsch
to the Assistant Secretary for Civil Rights, U.S. Department of Education.
Concept and design:
*The ROTC programs located on the MIT campus are operated under Department of Defense policies and regulations, Sametz Blackstone Associates, Boston
and do not comply fully with MIT's policy of nondiscrimination with regard to sexual orientation. On the recommendation
of the Faculty, MIT Is working to develop a modified on-campus ROTC program open to all MIT students. PSB# : 04-08-0454
mitsloan.mit.edu/cdo/main.html
This report conforms to the MBA Career Services Council Standards for Reporting MBA Employment Statistics.