Haas School of Business

Hire an MBA

Employment Report


The graduates of the Class of 2004 emerged from their two years at Haas to an improving MBA job market. With the skills learned here at Haas, 92% of the job-seeking graduates were employed by September 2004, and the Haas School continues to support our graduates who are still in the career hunt.


Berkeley MBA students have always pursued a wide variety of career paths upon graduation, and this year was no exception. Technology and Financial Services were again the top industries of choice among Haas graduates this year with 24% of the class entering the Technology sector and 21% entering the Finance sector. Consulting and Consumer Products/Retail were a strong third, each representing 15% of the class. Healthcare/Biotech/Pharmaceuticals (9%) and Real Estate (6.7%) both continue to be popular fields among Haas graduates.


After a period of flat salary offers, we saw an increase in median starting base salary to $87,500 and an average signing bonus of almost $13,000.


Functionally, the graduates continue to focus in the areas of finance, marketing, general management, and consulting.


The Haas community lived up to its reputation and stepped up to provide numerous resources for students outside the formal campus recruitment process. Alumni leads, Haas Career Fairs, company visits, Haas faculty contacts, and networking with speakers and panelists were all commonly cited as sources of jobs for Berkeley MBAs. Combined with Haas on-campus recruiting and job postings, students landed nearly 60% of their positions using Berkeley MBA resources.




[top of page]

A Profile: 248 students

Women 30%
Minority 34%
International 35%
Average work experience 5.5 years


[top of page]

Top Industries:

Technology 24%
Financial Services 21%
Consulting 15%
Consumer Products 15%
Healthcare/Biotech/Pharmaceuticals 9%


[top of page]

Top Functions:

Finance 27%
Marketing 24%
General Management 19%
Consulting 17%


[top of page]

Top Ten Hiring Companies:

The Boston Consulting Group
ChevronTexaco Corporation
Citigroup
Gap, Inc.
Genentech, Inc.
Lehman Brothers
McKinsey & Company
Microsoft Corporation
Wells Fargo Bank
Yahoo!


[top of page]

Average of Salary by Industry

Industry
%
Median of Salary
Avg Of Salary Avg Signing Bonus Avg Total Other Comp¹
Consulting
15.4%
100,000
95,213
12,571
27,280
Consumer Products/Retail
13.9%
82,750
79,375
9,433
12,274
Financial Services
20.7%
85,000
82,819
17,432
41,225
    Commercial Banking
4.8%
80,000
75,056
16,333
24,333
    Diversified Financial Services
3.4%
90,000
90,800
4,000
62,500
    Investment Banking/Brokerage
8.2%
85,000
83,438
23,750
36,500
    Investment/Portfolio     Management
4.3%
90,000
86,167
N/A
N/A
Healthcare/ Biotech/ Pharmaceuticals
9.1%
95,000
95,565
11,800
18,725
Not for Profit/Government/Education
3.4%
N/A
N/A
N/A
N/A
Other Industry
4.8%
91,500
92,167
N/A
N/A
Real Estate
6.7%
80,000
82,917
7,125
24,300
    Development
4.3%
90,000
90,286
8,167
20,833
    Finance
2.4%
78,000
72,600
N/A
29,500
Technology
23.6%
92,000
91,853
11,963
18,283
    Diversified High Tech
1.0%
N/A
N/A
N/A
N/A
    Electronics
1.9%
70,700
71,600
13,667
17,500
    Internet
4.8%
100,000
94,111
3,667
13,375
    Semiconductors/Hardware
6.3%
93,000
95,047
8,820
16,556
    Software
6.3%
85,000
86,864
20,783
13,757
    Telecommunications
3.3%
97,200
105,671
8,750
20,679
Utilities/Energy
2.4%
90,000
90,000
20,000
11,250
Grand Total
100%
87,500
88,234
12,824
24,465


¹ Average Total Other Comp includes annual bonus, proposed performance bonus, educational reimbursement, relocation expenses and other bonuses.

[top of page]

Average Salary by Function


Function Description % Median of Salary Avg of Salary Avg Signing Bonus Avg Total Other Comp¹
Consulting 17.2% 100,000 93,879 12,828 25,804
Entrepreneurship 5.7% N/A N/A N/A N/A
Finance 26.8% 85,000 85,872 14,307 35,128
General Management 18.7% 88,000 87,807 11,530 17,003
Marketing 23.9% 85,000 88,308 12,619 16,179
Real Estate 7.7% 80,000 83,267 9,800 21,115
Grand Total 100%
87,500
88,234
12,824
24,465


¹ Average Total Other Comp includes annual bonus, proposed performance bonus, educational reimbursement, relocation expenses and other bonuses.


[top of page]

Job Offer Source Data

The chart and data beneath it show the sources of jobs as reported by the students.



Haas On-Campus Recruiting (including interviews, resume drops, resume books, job fairs and Haas-sourced summer internships) 26%
Haas Career Center Job Listing (job board or emailed directly) 7%
Haas Contact or Event 28%

Haas Resources 61%

Former Employer (not sponsored) 5%
Company Sponsored Student 1%
Other 33%

Student Resources 39%

  100%


[top of page]

Class of 2004 - Full Time Positions by Region


Location % Average Salary Average Signing Bonus Average Total Other Comp¹
United States
80.9%
90,372  
12,723    
23,851   
    West
66.3%
91,413
11,649
22,084
    Northeast
8.6%
90,971
16,180
32,537
    Midwest
3.5%
83,857
9,400
34,100
    Middle Atlantic
1.5%
N/A
N/A
5,000
    South
1.0%
N/A
N/A
N/A
International
19.1%
77,752   
13.285   
27,202   
    Asia
8.1%
88,500
11,236
16,483
    Central/South America
4.5%
61,133
14,571
35,625
    Europe
5.5%
74,000
16,000
32,417
    Africa
0.5%
N/A
N/A
N/A
    Canada
0.5%
N/A
N/A
N/A
  
100%
88,234   
12,824 
24,465


¹Average Total Other Comp includes annual bonus, proposed performance bonus, educational reimbursement, relocation expenses and other bonuses.

[top of page]




MBA Class of 2005, Summer Internships

The MBA internship market rebounded strongly in almost all fields and industries. 96% of Berkeley MBAs reported finding a summer internship, with 13% spending their summer overseas. The summer internship continues to be an important opportunity for employers and students to work together to assess a good fit for long-term employment.


Technology led the way with 27% of the Class of 2005 accepting internships in this industry. Financial Services was the second most popular industry, representing 21% of the class. Students worked in a variety of sell-side and buy-side companies in financial centers such as New York, San Francisco, London and Hong Kong. Healthcare/Biotech/Pharmaceuticals, Consumer Products/Retail, and Consulting were all areas that drew significant interest from our students.



[top of page]

A Profile: 259 students

Women 24%
Minority 34%
International 32%
Average work experience 5.4 years


[top of page]

Top Industries:


Technology 27%
Financial Services 21%
Healthcare/Biotech 14%
Consumer Products 12%


[top of page]

Top Functions:


Marketing 36%
Finance 25%
General Management 20%
Consulting 11%


[top of page]

Top Ten Hiring Companies:

Blue Shield of California
Citigroup
Deloitte
Gap, Inc.
IBM
McKinsey and Company
Roche Diagnostics - Roche Molecular Diagnostics
SAP Labs Inc.
Wells Fargo Bank
Yahoo!

[top of page]

Average of Salary by Industry


Industry % Median Salary² Avg Salary²
Airlines/Auto/Travel
1%
N/A
N/A
Consulting
9%
1,940
1,625
Consumer Products/Retail
12%
1,201
972
Education
1%
N/A
N/A
Entertainment/Media/Sports
1%
N/A
N/A
Financial Services
21%
1,270
1,212
Healthcare/Biotech/Pharmaceuticals
14%
1,432
1,362
Not-For-Profit
3%
670
627
Other Industry
1%
N/A
N/A
RealEstate
5%
866
856
Technology
27%
1,321
1,316
Utilities/Energy
2%
554
635
Widely Diversified Manufacturing
1%
924
N/A
Widely Diversified Services
2%
1,109
1,001
Grand Total
100.0%
1,270
1,208


² Average Salary shown is weekly salary.

[top of page]

Average of Salary by Function


Average of Salary by Function % Median Salary² Avg Of Salary²
Consulting
12%
1,858
1,567
Entrepreneurship
1%
---    
N/A    
Finance
25%
1,386
1,285
General Management
20%
1,270
1,147
Marketing
36%
1,224
1,125
Real Estate
6%
1,039
1,016
Grand Total
100.0%
1,270
1,208


² Average Salary shown is weekly salary.

[top of page]

Job Offer Source Data

The chart and data beneath it show the sources of jobs as reported by the students.



Haas On-Campus Recruiting (including interviews, resume drops, resume database and job fairs) 26%
Haas Career Center Job Listing (job board or emailed directly) 12%
Haas Contact or Event 20%

Haas Resources 58%

Former Employer (not sponsored) 1%
Company Sponsored Student 1%
Other 33%

Student Resources 35%
No Response 7%

  100%


[top of page]

Class of 2005 - Summer Internships by Region


Location % Median Salary² Average Salary²
United States
87%
1,282
1,216
    West
77%
1,293
1,216
    Northeast
5%
1,293
1,395
    Middle Atlantic
2%
693
662
    Midwest
2%
1,155
1,046
    South
1%
N/A
N/A
International
13%
1,212
1,147
    Asia
6%
1,386
1,201
    Europe
4%
1,732
1,293
    Central/South America
3%
693
912
 
100%
1,270
1,208


² Average Salary shown is weekly salary.

[top of page]