Hi-Ho, Hi-Ho
Class of 2007 Goes to Work
The Class of 2007 is settling nicely into the world of work, with 94 percent of graduates seeking jobs having accepted an employment offer by September. Just over 15 percent of the class are not now looking for employment; most of this group are either starting a business or had standing offers to return to prior employers. Median total compensation was $140,000, up slightly from last year’s $138,125 for the Class of 2006.
For future job seekers, this fall MBA Career Services, in conjunction with student club leaders, introduced “Industry Weeks” as a way for first-year students to explore an array of sectors before recruiting begins. Over an eight-week period in September and October, students learned about more than twelve different industries by attending an informational overview session; an alumni panel to share advice and provide networking opportunities; a student panel focused on internship experiences and recruitment; and industry-specific panels featuring various firms that offer more information about different career paths and the recruiting process in that field.
“We wanted to ensure that students have a chance to explore all their options,” said MBA Career Services Director Jana Pompadur Kierstead. “It was exciting to welcome alumni to campus for an effort that gives students a better foundation in the various opportunities that are available.”
Class of 2007
- Median base salary $115,000
- Median total compensation $140,000
LEADING JOB LOCATIONS
- United States Total 79.5%
- Northeast 41.3%
Boston: 10.1%
New York City: 31.2% - Mid-Atlantic 6.2%
- South 3.2%
- Midwest 8.0%
- Southwest 4.9%
- West 15.3%
Bay Area: 9.8% - Other 0.6%
- International Total 18.4%
- Asia/South Pacific 6.0%
- Europe 8.4%
- Latin America 1.0%
- Canada 2.3%
- Other 0.7%
INDUSTRY CHOICES
- Financial Services 44.4%
Investment Banking: 10.5%
Investment Management: 7.3%
Hedge Funds: 5.3%
Private Equity/LBO: 12.4%
Sales & Trading: 2.0%
Venture Capital: 2.5%
Other: 4.4% - Consulting 21.1%
- Manufacturing 17.3%
Biomed/Pharma: 3.7%
Consumer Products: 4.9%
Technology: 6.0%
Other: 2.7% - Retail 5.1%
- Other Services 3.7%
- Entertainment/Media 3.5%
- Nonprofit/Government 3.1%
- Real Estate 2.0%
