A snapshot of the MBA Program’s newest recruits reveals that this year’s incoming class — chosen from a pool of 7,140 applicants — represents a select, diverse group of individuals hailing from 67 countries around the world. As the new MBA candidates settled into life at Soldiers Field, the Class of 2004 embarked on new careers. Thanks to an improved hiring climate and active marketing outreach by MBA Career Services, the number of job openings posted for HBS students increased by 20 percent over last year. At graduation, 94 percent of the Class of 2004 had received job offers; 84 percent had accepted one, with a median base salary of about $100,000 and a median total compensation of $140,000 — an increase from last year’s figures of $93,300 and $115,000, respectively, when 77 percent had accepted a job by graduation.

For more information on each group, see the charts below.

Class of 2006
Class Size 895
Women 34%
International 32%
Minorities 21%
Median Age 27
Total Countries 67

Undergraduate Majors
Humanities and Social Sciences 38%
Business Administration 24%
Engineering 21%
Natural Sciences 8%
Other 9%

---

Class of 2004
Median base salary: $100,000

Leading Job Locations
Northeast: 46%

• (New York City: 24%)
  
• (Boston: 11%)

Western United States: 16%

• (California Bay Area: 8%)

Central United States: 15%
Europe: 9%
Asia/South Pacific: 6%
Southeast United States: 4%
Latin America: 2%
Other: 2%

Career Choices
Financial Services: 31%

• (Venture Capital/Private Equity/LBO: 11%)
• (Investment Banking/Sales and Trading: 8%)
• (Investment Management: 7%)
• (Diversified/Other: 3%)
• (Commercial Banking: 2%)

Consulting: 26%
Technology/Telecom: 9%
Health Care/Biotech: 7%
Consumer Products: 6%
Entertainment/Media: 5%
Manufacturing: 5%
Government/Nonprofit: 4%
Retail: 3%
Real Estate: 2%
Other Services: 2%

Post a Comment