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Employment Report

MBA Class of 1999, Full Time




A Message From the Executive Director

As the new Executive Director for MBA Admissions and Recruiting at the Haas School, I am pleased to provide you with the placement report for the Class of 1999, including summer internships for the Class of 2000.

It comes as no surprise that our statistics reflect the same market forces that are driving placement trends in all the top business schools. The much discussed New Economy, fueled by innovations in information technology, has created high demand for MBAs with strong academic records, extensive international experience, and proven ability to adapt quickly to new ways of doing business.

Entrepreneurship is a high growth industry at Haas. 32 members of the Class of 1999 have either started their own companies or are working for early stage start-ups. Typical of the team environment at Haas, these entrepreneurs have formed their own informal network, the Haas Founders Forum, and get together regularly for advice, updates, and socializing.

Along with increased activity around start-ups, we see increasing numbers of our graduates accepting positions with smaller, more entrepreneurial high growth companies. Since many of these firms have much shorter hiring lead times than most on-campus recruiters, the Haas Career Center is experimenting with opportunistic, ad hoc models - half-day career fairs, regional networking receptions, and high visibility job postings - in order to help increase company yields. We have account managers in place to help our corporate partners develop hiring strategies tailored to their needs.

Nevertheless, it would be a mistake to conclude that formal on-campus recruiting is disappearing from campus life. Consulting, at 22%, continues to be the top industry choice for the Class of 1999. Despite small declines, we expect the number of students taking jobs in consulting to increase again in the coming years, in large part because of the prevalence of e-commerce strategy practices at established firms. We also expect to see an increase in Investment Banking/Asset Management, now standing at 15%, because of the growing presence of major Wall Street firms on the west coast. Half of our top hiring companies are large corporations in high tech, consumer products, and retail industries.

We appreciate the many recruiting firms that have come to Haas in recent years for the first time, and we look forward to welcoming many more in the coming year. The best way to get to know us is by accessing our website at http://haas.berkeley.edu, and by browsing through our on-line student resume database. For information on accessing resumes, please send e-mail to resumes@haas.berkeley.edu. If I can be of any help, please don't hesitate to contact me directly at 510-642-8126 or ievans@haas.berkeley.edu.

Ilse Evans
Executive Director of MBA Admissions and Career Management

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The MBA Class of 1999

The MBA Class of 1999: Career Trends

Recent career trends among Haas MBA graduates have mirrored the changes in the era of E-business. While consulting (22.2%) remained the top industry choice for the MBA Class of 1999, students who went into technology jobs increased 8.3% over last year to 38.7%. The movement was fueled by the record number of graduating MBAs who started their own firms or who went to work for Internet-based companies; Internet/E-commerce (14.1%) saw an increase of 10.6% over last year. Over 95% of the 1999 graduates had jobs shortly after commencement. 4% postponed their search.

The median annual base salary for the Class of 1999 was $78,000 (up $2,000 from the previous year). The median total compensation (excluding stock options) was $105,000.

Students graduating in 1999 continued to receive larger signing bonuses; employers are clearly focusing their compensation strategies in this area. Bonus payments, previously industry-dependent, are now becoming the norm for MBA graduates. The median bonus for the Class of 1999 was $22,950. In addition to signing bonuses, many graduates reported other kinds of compensation (e.g., relocation, educational reimbursements, stock options, profit sharing, performance).

More Haas students took finance-oriented jobs (27%) than any other functional area. Entrepreneurship increased 4.5% over last year; consulting decreased 12.4%; marketing increased 3.8%; and business development increased 4.0% (due to the increase in start-up technology companies).

Northern California continues to be the top location choice - 68.4% of the Class of 1999 chose jobs in the San Francisco Bay Area. Another 8.2% went to the Northeast United States, while International locations claimed 15.8% of the class.

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The MBA Class of 1999: A Profile


May 1999 graduates 248
Women 32%
Minority 22%
International 33%
Average age at graduation 28 years
Average years of work experience before beginning the MBA program 5 years


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The MBA Class of 1999: Top Employers

The following employers (listed in alphabetical order) hired three or more Haas graduates in 1999.

Andersen Consulting
Boston Consulting Group
Charles Schwab
Cisco
Clorox
Deloitte & Touche
Ernst & Young
Gap
Goldman Sachs
Hewlett-Packard
IBM
Intel
McKinsey & Company
Siebel Systems

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The MBA Class of 1999: Top Functions


Function Percentage
Finance 27.0%
Consulting 22.7%
Marketing 22.3%
Business Development 7.6%


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The MBA Class of 1999: Top Five Industries


Industry Percentage
Consulting 22.2%
Internet/E-commerce 14.1%
Software 8.7%
Investment/Portfolio Investment 7.6%
Investment Banking 7.1%


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The MBA Class of 1999: Source of Career Position


Source Percentage
On-Campus Recruiting 30.0%
Prior Summer Employer 21.0%
Other Networking 10.9%
Former Employer 9.2%
Own Business 7.6%
Haas Contact 7.1%
Resume Directory 4.9%
Job Listings 4.9%
Other* 4.3%


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* Includes students who are company-sponsored or postponing their job search

The MBA Class of 1999: Function Summary


Function % of Class Median Median Bonus Median Total Compensation
Consulting 22.7 95,000 37,550 135,250
Change Management 0.5 N/A N/A N/A
Finance 1.1 N/A N/A N/A
Strategy/Management 19.5 96,000 39,600 136,000
Technology 1.6 82,000 14,500 96,500
Business Development 7.6 79,200 5,000 80,000
Finance 27.0 78,250 25,000 103,600
Corporate Finance/ Investment Banking 6.5 75,000 50,000 130,000
Finance/Company 8.1 75,000 20,000 95,000
Investment/Portfolio Management 2.7 85,000 20,000 122,500
Private Client Services 2.2 75,000 45,000 120,000
Public Finance 0.5 N/A N/A N/A
Research 3.2 75,000 60,000 135,000
Sales & Trading 2.2 77,500 54,800 132,300
Venture Capital 1.6 120,000 2,000 120,000
Entrepreneurship 7.0 72,000 N/A 85,000
General Management 2.7 75,000 41,250 115,000
Human Resources 0.5 N/A N/A N/A
Marketing 22.3 75,000 19,000 95,000
General Marketing 8.2 75,000 12,600 95,000
Product Management 14.1 73,800 19,875 93,100
Production/Operations Management 0.5 N/A N/A N/A
Project Management 1.6 83,500 8,100 91,600
Real Estate Development 2.2 75,250 19,000 92,750
Real Estate Finance 1.6 69,000 10,000 85,000
Strategic/Business Planning 2.7 75,000 20,250 99,000
Other 1.6 N/A N/A N/A
Total 100% 78,000 22,950 105,000


Notes:

  1. Salaries are self reported. N/A indicates 1.1 percent or less reporting.
  2. Median Bonus - Figures include signing bonus, guaranteed annual bonus, educational reimbursements, relocation and any other form of guaranteed compensation (does not include stock options).


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The MBA Class of 1999: Industry Summary


    Base Salaries    
Industry % of Class Median Median Bonus Median Total Compensation
Advertising .05 N/A N/A N/A
Automotive 1.1 N/A N/A N/A
Consulting 22.2 95,000 38,000 135,550
Consumer Products/Retail 5.4 72,000 20,000 92,000
Education 1.1 N/A N/A N/A
Energy 1.1 N/A N/A N/A
Financial Services 22.3 75,000 36,250 120,000
Commercial Banking 1.1 N/A N/A N/A
Diversified Services 4.9 75,000 38,750 115,000
Investment Banking 7.1 75,000 53,500 129,500
Investment/Portfolio Management 7.6 75,000 20,000 103,200
Venture Capital 1.6 120,000 2,000 120,000
Food Services .5 N/A N/A N/A
Government 1.1 N/A N/A N/A
Health Care 1.1 N/A N/A N/A
Pharmaceuticals 1.1 N/A N/A N/A
Real Estate/Construction 3.2 76,750 25,500 99,750
Technology 38.7 78,600 17,500 92,500
Biotechnology/Medical Devices 1.6 82,000 34,672 113,872
Communications 5.6 72,000 10,500 85,000
Diversified Products 3.8 79,200 12,600 91,800
Hardware 2.2 87,500 20,575 110,200
Internet/E-Commerce 14.1 75,000 8,000 80,000
Semiconductors 2.7 75,000 42,000 114,600
Software 8.7 85,000 10,000 100,000
Other .5 N/A N/A N/A
Total 100% 78,000 22,950 105,000


Notes:

  1. Salaries are self reported. N/A indicates 1.1 percent or less reporting.
  2. Median Bonus - Figures include signing bonus, guaranteed annual bonus, educational reimbursements, relocation and any other form of guaranteed compensation (does not include stock options).


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The MBA Class of 1999: Location Summary


    Base Salaries    
Location % of Class Median Median Bonus Median Total Compensation
Western United States 72.8 78,250 23,000 102,750
Northern California 68.4 79,200 20,000 102,750
Pacific Northwest 3.3 70,000 33,000 103,000
Southern California 1.1 N/A N/A N/A
Midwest 2.7 77,500 20,000 97,500
Northeast 8.2 75,000 42,500 126,250
Southeast .5 N/A N/A N/A
International 15.8 79,000 45,100 132,000
Asian/Asia Pacific 4.9 75,000 59,500 97,000
Central/South America 2.7 70,000 45,000 112,500
Europe 8.2 90,000 45,200 138,000
Total 100% 78,000 22,950 105,000


Notes:

  1. Salaries are self reported. N/A indicates 1.1 percent or less reporting.
  2. Median Bonus - Figures include signing bonus, guaranteed annual bonus, educational reimbursements, relocation and any other form of guaranteed compensation (does not include stock options).


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The MBA Class of 2000

The MBA Class of 2000: Summer Internship Trends

The MBA Class of 2000 favored summer jobs in the technology industry by a wide margin - over 44%, including nearly 18% working in the Internet/E-commerce industry.

The median monthly salary was $5,250. The median base salary range was $2,400 to $10,000. Signing bonuses were more prevalent with summer interns this year in consulting, investment banking, and some high-tech and consumer products companies. Some students also reported receiving stock options for their summer internships.

Consulting (19.1%) increased 2.4% over last year, making it the top industry choice for students internships. Internet/E-commerce (18.1%) increased 12.5% over last year. Technology in general (45.7%) saw an increase of 7.7% over last year.

Marketing (28.4%), finance (22.6%), and consulting (22.9) were the most widely chosen functional areas for summer internships. Business Development (8.8%) and Strategic/Business Planning (8.8%) remained strong based on the growing trend of start-up technology ventures.

Internships located in Northern California were the choice of 66.8% of the class. International internships (19.1%) increased 4.2% over last year.

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The MBA Class of 2000: A Profile


Students in class of 2000 238
Women 38%
Minority 27%
International 34%
Average age at enrollment 28 years
Average years of work experience 5 years


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The MBA Class of 2000: Top Employers for Summer Internships

The following employers (listed in alphabetical order) hired three or more Haas summer interns in 1999.

A.T. Kearney
Andersen Consulting
Boston Consulting Group
Charles Schwab
Cisco Systems
Electronics for Imaging
Gap, Inc.
Goldman Sachs
HomeGain.com
Intel
McKinsey & Co.
Pittiglio, Rabin, Todd & McGrath
SGI
Sun Microsystems
US WEB/CKS

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The MBA Class of 2000: Top Functions


Function Percentage
Marketing 28.4%
Consulting 23.0%
Finance 22.6%
Strategic/Business Planning 8.8%
Business Development 8.8%


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The MBA Class of 2000: Top Industries


Industry Percentage
Consulting 19.1%
Internet/E-commerce 18.1%
Consumer Products 7.4%
Investment Banking 6.9%
Diversified Technology Products 7.4%


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The MBA Class of 2000: Source of Summer Internship


Source Percentage
On-Campus Recruiting 30.8%
Job Listings 23.6%
Other Networking 20.0%
Haas Contact 8.9%
Other 6.0%
Resume Directory 5.7%
Job Fair 2.3%
Former Employer 2.3%
Own Business 0.4%


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The MBA Class of 2000: Function Summary for Summer Internships


Industry % of Class Median Median Base Salary Range
Consulting 23 8,000 2,400-10,000
Healthcare 0.5 N/A N/A
Strategy/Management 17.2 8,000 2,400-10,000
Technology 5.4 8,000 4,500-9,000
Business Development 8.8 5,000 2,400-7,000
Finance 22.6 5,250 2,500-9,000
Accounting/Control 0.5 N/A N/A
Commercial Lending 1.0 N/A N/A
Corporate Finance/Investment Banking 5.9 6,250 3,000-8,700
Finance/Company 6.9 5,250 3,000-5,893
Investment/Portfolio Management 1.5 4,500 4,000-4,500
Private Client Services 0.5 N/A N/A
Research 1.0 N/A N/A
Sales & Trading 1.5 6,500 6,250-9,000
Treasury 1.5 5,200 5,200-5,800
Venture Capital 2.0 5,000 2,500-5,500
Entrepreneurship 1.5 3,500 3,000-4,500
Marketing 28.4 5,000 3,000-7,000
General Marketing 18.1 5,000 3,000-7,000
Market Research 3.0 5,280 4,800-5,800
Merchandising 1.0 N/A N/A
Product Management 5.4 5,000 4,000-6,500
Sales 1.0 N/A N/A
Operations/Production Management 1.0 N/A N/A
Project Management 1.5 3,800 3,000-5,000
Real Estate Development 1.0 N/A N/A
Strategic/Business Planning 8.8 5,000 2,400-7,700
Other 3.4 N/A N/A
Total 100% 5,250 2,400-10,000

Notes: Salaries are self-reported. N/A indicates 1 percent or less reporting.

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The MBA Class of 2000: Industry Summary for Summer Internships


Industry % of Class Median Median Base Salary Range
Automotive 1.0 4,400 3,500-5,300
Consulting 19.1 8,200 4,500-10,000
Strategy/Management 17.2 8,000 2,400-10,000
Consumer Products/Retail 7.4 4,000 3,000-6,250
Education 1.0 N/A N/A
Entertainment/Media 1.0 N/A N/A
Financial Services 17.2 5,000 2,500-9,000
Diversified Services 3.0 5,000 3,500-6,250
Investment Banking 6.9 6,250 4,000-9,000
Investment Management 5.4 4,500 4,000-5,000
Venture Capital 2.0 5,000 2,500-5,500
Health Care 1.0 6,350 5,700-7,000
Not-For-Profit 3.4 3,000 2,400-3,800
Real Estate/Construction 1.5 5,000 4,200-5,000
Treasury 1.5 5,200 5,200-5,800
Technology 45.7 5,200 3,000-7,700
Biotechnology/Medical Devices 2.5 4,500 3,000-5,160
Telecommunications 5.9 5,100 4,000-6,000
Diversified Products 7.4 5,417 4,000-6,583
Hardware 3.4 6,500 5,000-6,500
Computer/E-Commerce Services 18.1 5,000 3,000-7,700
Semiconductors 2.5 5,450 5,120-5,800
Software 5.9 5,500 4,000-7,000
Other 1.5 N/A N/A
Total 100% 5,250 2,400-10,000


Notes: Salaries are self-reported. N/A indicates 1 percent or less reporting.

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The MBA Class of 2000: Location Summary for Summer Internships


Industry % of Class Median Median Base Salary Range
Western United States 72.4 5,000 2,400-9,000
Northern California 66.8 5,140 2,400-9,000
Pacific Northwest 2.3 4,000 3,200-4,910
Southern California 2.8 4,200 2,400-6,250
Midwest 0.9 N/A N/A
Northeast 4.8 6,250 4,000-8,500
Southeast 1.4 4,895 3,500-6,250
Southwest 1.4 5,250 5,250-5,600
International 19.1 7,250 2,400-10,000
Africa 0.4 N/A N/A
Asian/Asia Pacific 5.6 6,875 3,500-9,000
Central/South America 2.8 4,450 4,000-6,000
Europe 10.3 8,200 3,000-10,000
Total 100% 5,250 2,400-10,000


Notes: Salaries are self-reported. N/A indicates 1 percent or less reporting.

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Haas School MBA Students: Hiring Organizations

The following organizations hired one or more Haas students in 1999 for career or summer positions.

21st Century Internet Venture Partners

3 COM Corporation
3Dfx Interactive
A.T. Kearney, Inc.
advoco.com
AllAdvantage.com
AllBusiness.com
Alloptic
American Red Cross
Andersen Consulting
Arthur Andersen
Arthur D. Little
Ashesi University Foundation
Audio Explosion
Autodesk, Inc.

Bain & Company
Baltimore Advisors
BancBoston Robertson Stephens
Banco Itau SA
Bank of America
Bank of Tokyo-Mitsubishi
BankInfinity.com
Barclays Capital
Barclays Global Investors
Bayer Diagnostics
Bayer Pharmaceutical
BCB Impulse
BCDS, Inc.
Bechtel Enterprises
Beringer Wine Estates
Beyond.com
Bigwords.com
Booz Allen & Hamilton
Boston Consulting Group
Boulevard Software
Brown & Toland

Centex
Charles Schwab and Company, Inc.
Chase Manhattan Bank
Chase Securities, Inc.
Chipshot.com
Cisco Systems
Citibank
Clorox Company
CNK Telecommunications
CNET
Communitas Group
Columbia Energy Group
Constellation Power Source
clubtivity
CSC Healthcare Group
Cyprus Development Bank
Cypress Semiconductor

Daewoo Securities
Dain Rauscher Wessels
Del Monte Foods
Deloitte and Touche
Deloitte Consulting
Dodge & Cox
Donaldson, Lufkin and Jenrette
drParsley.com
Dresdner RCM Global Investors

E-Script
EA Capital/Critical Resources Management
eBay, Inc.
Edgar, Dunn and Company
Edison Project
Electrascan
Electronics for Imaging, Inc.
Elizabeth & Stephen Bechtel, Jr. Foundation
Epitonic.com
Ernst and Young LLP
eTranslate
Excite@Home

Federal Express Corporation
Federal Home Loan Bank of San Francisco
Flyswat
Ford Motor Company
Franklin Resources

Gap, Inc.
Gartner Group
Gemini Consulting
Genentech
General Chemical Corporation
GetRelevant
Goldman, Sachs and Company
Greenbriar Homes
Guidant Corporation

Healtheon
Healthvest
Hewlett-Packard Company
Hill Physicians Medical Group/PriMed
HNC
Holliday Development, LLC
HomeGain.com, Inc.
Houlihan Lokey Howard and Zukin
Hutchinson Capital Management

IBM Corporation
Inktomi Corporation
Innovisions
Intel Corporation
InterTrust
Intuit, Inc.

Jekesa Pfungwa-Zimbabwe
Johnson & Johnson
Johnson & Johnson-Lifescan
jSpan

Kaiser Permanente
Kendara
Kirin Brewery, Inc.
KPMG

LA Arena Company
Landor Associates
LeapFrog Toys, Inc.
Lehman Brothers
Liquid Audio
LoopNet, Inc.
Lucasfilm Ltd
Lucent Technologies
Lycos

Macromedia
macys.com
Marcus & Millichap R.E. Investment Brokerage Co.
MarketFirst Software
MarketHome
Mars & Co.
McKenna Group
McKinsey and Company
Mellon Capital Management
Mercer Management Consulting
Microsoft Corporation
Ministry of Transportation, Japan
Mitchell Madison Group
Montgomery Asset Management
Morgan Stanley Dean Witter
Morgan Stanley Venture Partners
Motorola
Myers-Holum, Inc.
MyPoints.com

National Park Service
NationsBanc Montgomery Securities LLC
National Institute of Public Health
Nestle USA, Inc.
NetAbacus
Netscape Communications
Netstock Direct
Newbold Consulting Group LLC
Nicholas-Applegate Capital Management
Nortel Networks
NorthPoint Communications
Northwestern Investment Management Co.
NoSilence.com
Novell

Open Telephone Network
Oracle Corporation

Palo Alto Investors
PE Biosystems
Perks-at-Work
Permasteelisa
Philips Semiconductors
Phillip Morris
Pittiglio, Rabin, Todd and McGrath
Portal Wave
PricewaterhouseCoopers
Procter & Gamble
Prodian, Inc.
Prophet Brand Strategy
Providian Financial

Quantum Corporation

RealNetworks
RedLadder.com
Rent Net
Restoration Hardware
Rezworks
Rosenberg Institutional Equity Management

Schwab Foundation for Learning
SCORE!
Seagate Technology
SegaSoft
SEI Investments
Sevin Rosen Funds
SG Cowen Securities Corporation
Shoreline Capital Partners, LLC
Shorenstein Company, LP
Siebel Systems, Inc.
SGI
SocialNet, Inc.
Soundview Technology Group
Sparks.com
Starion Instruments
Starwood Hotels & Resorts
Strategic Decisions Group
Sun Microsystems
Sunbeam Corporation
Sybase

Techint Group
Technocan SA
Tecnoarreda SA
Texas Instruments
TL Ventures
Towers Perrin
Transpacificventures LLC.
Turkish Treasury
Tuttle Decision Systems

U.S.-Russia Investment Fund
USWeb/CKS
UtilityCorner.com

Vertical Networks
VerticalNet
Viant
Vicinity Corporation
Vicusoft
Violy, Byorum & Partners Holdings

Walt Disney Imagineering
Warburg Dillon Read
WebTV Networks, Inc.
Wells Fargo Bank
Williams Sonoma
Wilson/Cornerstone
Wind River Systems
WPP Group, plc

Xerox PARC

Yomiuri Newspaper
Youth Sports Network

Zeiss - Humphrey Systems
Zeta 13 s.a.s.
zipRealty.com
Zoltar Satellite Alarm Systems

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