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Employment Report

MBA Class of 1997, Full Time





Class Profile - 1997


May 1997 graduates 233
Women 34%
Minority 30%
International 29%
Average age at graduation 30.2
Average years of work experience before beginning the MBA program 4.8
Percent of class reporting job acceptances 90.0%


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Top Employers - 1997

A.T. Kearney
Andersen Consulting
Charles Schwab
Citibank
Hewlett-Packard
Intel
McKinsey & Company
Mitchell Madison
Price Waterhouse
Silicon Grpahics
Sun Microsytems

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Placement Summary - 1997

The benefit of an MBA is clear to the Class of 1997. Their Haas degrees and the strong national and California economies delivered excellent and varied opportunities. The average salary increased 5%, from $72,743 in 1996 to $76,364 in 1997, and 90% of the class reported accepting a variety of satisfying jobs.

Strategy/management consulting continues to increase in popularity; 25.6% of the graduates chose these positions. Other top functions were split between marketing and finance: 14% to product management, 11.6% to corporate finance and 7% to general marketing.

Consulting also led in industry choice; 27% of students took positions in the consulting industry. Although still second, investment banking was the choice of 12.8% of students, up from 8.3% last year. Within the high technology sector, 8.7% of the class took positions in diversified products companies, 6.4% in software firms, and 5.8% in internet-related companies. Northern California continues to hold most graduates; 67.3% remained in the area, and 6.4% went south to the Los Angeles and San Diego areas. Almost 20% of Haas students took jobs at international locations, primarily in Asia (9.9%) and Western Europe (6.4%).

More than half (65.6%) of the students received signing bonuses ranging from $1,000 to $40,000; the average bonus was $14,000 and the median was $12,500. Bonus payment is industry dependent. In consulting 95.6% of the graduates received signing bonuses averaging $19,081. In the financial services industry the average was $13,850, with 64.3% receiving bonuses. The high technology sector added signing bonuses to its compensation packages this year; 53.4% of graduates received bonuses averaging $8,520. In addition to signing bonuses, 66.8% of students reported other kinds of bonuses (e.g., relocation, stock options, profit sharing, performance).

We expect the coming year to be at least as productive for Haas graduates, with more, and more exciting, opportunities in more and different positions, companies and industries.

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Placement Summary - Summer Internships, 1997

The class of 1997 spent the summer exploring a wide array of industries and professions. Almost 90% of the students reported summer internships, with salaries averaging $4385 per month, a 12.9% increase over the 1995 average.

The list of most popular professions for summer mirrors that of the graduating class, but the order differs. General marketing positions were chosen by 14.1% of the students, followed by 10.7% in strategy/management consulting, 9.8% in general finance, 9.8% in product management, and 7.8% in corporate finance. Strategic planning, an important choice in 1995, fell to sixth place, with 6.3%, this year.

Students this year accepted positions in a broad range of industries. Consulting was selected by 17.3% of the class. Commercial (9.4%) and investment (8.4%) banking were followed by computer software, with 6.9%, and diversified high technology products, also with 6.9%, as the industries of choice. The first and third choices from 1995, computer hardware and telecommunications, were further down the list this summer.

Almost three-quarters, 73.2%, of the first year class stayed in Northern California during the summer, while 4.9% ventured to Southern California. Other summer positions were scattered across the globe; Europe was the most popular international location, with 6.3%.

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Industry Summary - 1997


Percent Of Class 1997 Percent Of Class 1996 Industry 1997 Average Salary 1997 Median Salary 1997 Salary Range
27.0 30.4 Consulting 86,369 88,000 60,000 - 100,000
2.9 2.4 Consumer Products/ Food/ Beverage 66,400 65,000 55,000 - 80,000
0.6 3.0 Education/ Government/ Nonprofit * * *
1.2 N/A Enterntainment/ Leisure * * *
25.6 20.2 Financial Services
5.2 6.0 Commercial banking 64,000 65,000 60,000 - 70,000
2.9 0.6 Diversified Services 73,400 75,000 65,000 - 80,000
12.8 8.3 Investment banking 74,583 72,500 60,000 - 130,000
4.1 4.2 Investment management 75,571 75,000 60,000 - 96,500
0.6 1.2 Venture capital * * *
34.3 27.4 High Technology
1.2 N/A Biotechnology 79,000 79,000 63,000 - 95,000
3.5 6.5 Computer hardware 77,167 80,000 54,000 - 95,000
8.7 7.7 Diversified products 70,521 70,000 58,000 - 80,000
1.7 0.6 Electronics * * *
5.8 2.4 Internet/ computer - related information systems 70,625 71,000 60,000 - 80,000
4.1 3.0 Semiconductors 72,785 75,000 54,000 - 90,000
6.4 7.1 Software 67,545 71,000 50,000 - 80,000
2.9 2.4 Telecommunications 74,000 75,000 64,000 - 83,000
2.9 5.4 Real Estate/ Construction 65,000 67,500 55,000 - 72,500
2.3 1.2 Retail 54,000 50,000 44,000 - 70,000
2.9 3.6 Other 84,5000 83,500 81,000 - 90,000


*Indicates insufficient data to report

Leading Industries


Consulting 27.0%
Investment Banking 12.8%
Diversified High Tech 8.7%
Computer Software 6.4%
Internet/Computer-related info systems 5.8%


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Function Summary - 1997


Percent Of Class 1997 Percent Of Class 1996 Function 1997 Average Salary 1997 Median Salary 1997 Salary Range
30.3 38.2 Consulting
0.6 3.4 Change management/HR * * *
0.6 1.7 Real Estate * * *
25.6 23.0 Strategy/ Management 86,112 88,000 60,000 - 100,000
3.5 6.2 Technology 78,750 85,000 50,000 - 95,000
2.3 2.2 Corporate/ Business Development 83,000 81,000 75,000 - 95,000
29.5 26.4 Finance
11.6 7.9 Corporate Finance 75,411 74,700 62,500 - 130,000
5.2 9.0 General Finance 68,552 68,750 63,000 - 75,000
6.4 5.1 Investment management/ research 72,400 70,000 60,000 - 96,500
1.7 0.6 Mergers and acquisitions 69,250 71,000 60,000 - 75,000
2.3 1.7 Real estate finance 69,375 70,000 67,500 - 70,000
2.3 2.2 Sales and trading 73,125 72,500 70,000 - 77,500
6.4 6.7 General Management 74,750 70,000 65,000 - 83,000
22.2 18.5 Marketing
7.0 6.7 General 67,400 72,500 50,000 - 78,000
14.0 10.7 Product management 73,000 73,000 55,000 - 95,000
1.2 0.6 Sales * * *
1.2 N/A Production/ Operations Management * * *
1.2 2.2 Real Estate Development 70,000 62,500 67,500 - 72,500
3.5 1.7 Strategics/ Business Planning 76,167 69,500 54,000 - 102,000
2.4 3.9 Other 65,600 60,000 54,000 - 81,000

*Indicates insufficient data to report

Leading Functions


Strategy/Management Consulting 25.6%
Product Mangement 14.0%
Corporate Finance 11.6%
General Marketing 7.0%
General Management 6.4%
Investment Management/Research 6.4%


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Location Summary - 1997


Percent Of Class 1997 Percent Of Class 1996 Location 1997 Average Salary 1997 Median Salary 1997 Salary Range
74.9 71.7 Western United States
67.3 65.7 Northern California 75,333 75,000 42,000 - 95,000
6.4 2.4 Southern California 80,681 75,000 60,000 - 130,000
1.2 0.6 Southwest * * *
1.2 0.6 Midwestern United States * * *
4.7 3.0 Eastern United States 72,333 72,500 58,000 - 80,000
19.2 24.7 International
9.9 15.1 Asia 81,875 81,750 60,000 - 102,000
1.7 2.4 Central / South America 57,333 55,000 42,000 - 75,000
1.2 1.8 Eastern Europe * * *
6.4 5.4 Westeren Europe 85,286 90,000 65,000 - 95,000



*Indicates insufficient data to report

Leading Locations


Northern California 67.3%
Asia 9.9%
Southern California 6.4%
Western Europe 6.4%
Eastern United States 4.7%


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Undergraduate Placement Summary - 1997

A ROBUST RECRUITING YEAR

It was indeed a robust recruiting year! Haas Undergraduate Business students benefited from a record number of on-campus interviews. As a result, I am reporting the most positive hiring statistics ever. In total, 208 of the approximately 250 graduates have reported job acceptances. (Included in this figure are 15 Business Administration minors.) This compares favorably to 198 reporting jobs last year and 177 the year before.

There is a virtual 3-way tie between the industries that hired the majority of our graduates: Public Accounting, audit & tax (53); Consulting (51), and Financial Services (50). Strategic Consulting jumped from 8 hires last year to 13 this year. The category of Financial Services took a leap forward in general with Investment Banking in particular, increasing from 24 hires to 31 this year. High Technology jobs continue to increase in popularity with Haas students; 22 this year compared to 14 last year. A decline in numbers can be seen in Public Accounting, audit & tax hires (53 this year compared to 61 in 1996). However, this loss is balanced by increased hires by the consulting divisions of the Big 6 accounting firms.

Salaries reported by Haas seniors ranged from $25,000 to $60,000 (VP of Operations for a light manufacturing plant). The mean salary accepted by Haas Undergraduates this year was $36,357 compared to $33,892 last year. This created a whopping 7.3% increase in salary. This is partly accounted for by the fact that most investment banks raised their base salary from $35,000 to $40,000.

In addition to students entering the job market, 16 reported the intent to continue studies. Eleven will add a J.D. to their name from: Stanford; William & Mary; NYU (2); UCLA (3); Duke; Columbia, and Loyola Marymount (2) law schools respectively. One will study abroad in Spain for a year; one will attend a Jewish Seminary in Israel and another has been accepted to Le Cordon Bleu Culinary School in France. Closer to home one Haas undergraduate will be getting an MBA from Stanford, and another will be studying for a graduate degree in Motion Picture Production at USC.

Geographically, 68 are leaving Northern California. Though the majority will remain here, 32 will relocate to Southern California, 20 are off to the Big Apple (New York City) and one each to Massachusetts, Illinois, New Jersey, Oregon, Washington, Ohio, and Wisconsin. Nine will start their careers internationally in Argentina, Japan, Indonesia, Singapore, Hong Kong (4) and France.

In addition to a robust year of recruiting, two new Directors bring additional vigor to our student services. Tom Devlin is the newly named Director of the Career Center (formally Career & Graduate School Services). He comes to us from 17 years as Director of Career Management at Cornell. Mike Thompson is the new Director of the Undergraduate Business Program (Academic) at Haas. In addition to consulting positions, Mike brings experience as Associate Professor of Business and Economics at Kansai Gaidai University in Osaka, Japan; and experience as Assistant Dean and Director of Career Planning and Placement, McIntire School of Commerce, University of Virginia. Both share an attitude of collaboration and a standard of excellence.

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Undergraduate Industry Employment Summary - 1997


Industry Number of Students
Advertising/Marketing Services 4
Agriculture 1
Computer-related Information Systems 5
Consulting 51
Finance 5
Human Resources 5
Information Technology 19
Litigation 7
Process 1
Real Estate 1
Strategy 13
Consumer Products 5
Education 4
Financial Services 50
Commercial Banking 5
Diversified Services 10
Investement Banking 31
Investment Management 1
Trading 3
High Technology 22
Computer Hardware 8
Diversified Products 3
Electronics 1
Semiconductors 1
Software 5
Telecommunications 4
Petroleum 2
Public Accounting, Tax & Audit 53
Publishing 1
Real Estate/Construction 2
Retail 3
Utilities 6


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Multiple Hires of Haas Seniors by 1997 Employers


Company Number of Students
Coopers and Lybrand 20
Arthur Andersen 14
Price Waterhouse 13
Ernst and Young 10
Andersen Consulting 10
Deloitte and Touche 9
Bain and Company 5
EDS 5
IBM 5
KPMG Peat Marwick 5
Novogradac and Co. CPAs 5
Charles Schwab 4
Morgan Stanley 4
Pacific Bell 4
CS First Boston 3
Donaldson, Lufkin and Jenrette 3
Hewlett Packard 3
JP Morgan 3
Broadview Associates 2
Citicorp 2
Clorox 2
G2 Research 2
Lawrence Johnson 2
LEKs 2
Merrill Lynch 2
Procter and Gamble 2
Providian Financial Services 2
Salomon Brothers 2
Smith Barney 2
Space Systems Loral 2
SymPro Software Co. 2
World Savings 2


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Single Hires of Haas Seniors by 1997 Employers

Aerogen
AF Data Services
AG Edwards
AIESEC, Argentina
Anheuser-Busch
Applied Materials
Arthur D. Little Consulting
AT&T

BA Partners
Bank of America

Canyon Construction
Chevron
Cisco Systems
Cornerstone Research
Cowen & Co.

Deutsch, Morgan & Grenfelle
Dinwiddie Construction

Eli Lilly & Co.
Exxon Corporation

Franklin Templeton

Golden Gate Digital Media
Goldman Sachs
Grant Thornton

Houlihan, Lokey, Howard & Zukin

Indonesia City Bank

JET

LECG
Los Angeles Times
Lowe & Partners

M & B Manufacturing Co.
Mentor Graphics
Mervyn's
Monitor
Morgan Creek Production Co.

New Focus Inc.
NorCal Mutual Life Insurance

Oppenheimer
Oracle

Pacific Economic Consulting
P G & E
Peter J. Solomon Co
Principal Financial Group
Pulav Arigsa Matra

Radio Shack

SBC Warburg
Score@Kaplan
S F Consulting Group
Societe Generale
Strategic Decisions Group
Sunkist Growers
Sun Microsystems

Trust Company of the West
TSC Partners

U C Berkeley

Watkins Johnson

Zia Information Analysis

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Salaries Reported by Haas Seniors


Category Range Median
Accounting
Private $29,000 - 39,000 $33,143
Public $29,000 - 37,000 $32,204
Consulting
Finance $32,000 - 35,000 $33,500
Human Resource $35,000 - 40,000 $38,500
Information Technology $33,000 - 50,000 $39,258
Litigation $32,000 - 40,000 $35,286
Strategy $35,000 - 50,000 $42,615
Investment Banking $35,000 - 50,000 $40,036
Management $35,000 - 60,000 $42,857
Marketing $30,000 - 54,000 $38,333
Other Financial $25,000 - 43,000 $33,444
Sales $38,000 - 44,000 $41,250


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