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Placement Report - Eller MBA Programs - University of Arizona

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PLACEMENT<br />

REPORT<br />

2008<br />

w w w . e l l e r m b a . a r i z o n a . e d u


2008 <strong>Placement</strong> <strong>Report</strong><br />

Office <strong>of</strong> Career Development<br />

Lori Dunlap<br />

Associate Director, <strong>MBA</strong> <strong>Programs</strong><br />

Tamara Farris-Sakellar<br />

Associate Director, Corporate and Alumni Relations<br />

Cynthi Knight<br />

Associate Director, Career Development<br />

The <strong>Eller</strong> <strong>MBA</strong><br />

The <strong>Eller</strong> College <strong>of</strong> Management<br />

The <strong>University</strong> <strong>of</strong> <strong>Arizona</strong><br />

McClelland Hall 210<br />

PO Box 210108<br />

Tucson, <strong>Arizona</strong> 85721-0108<br />

Telephone: 520.621.4008<br />

Fax: 520.621.2606<br />

www.ellermba.arizona.edu


2008 <strong>Placement</strong> <strong>Report</strong><br />

I am pleased to present the 2008 <strong>Eller</strong> <strong>MBA</strong> <strong>Placement</strong> <strong>Report</strong>.<br />

This report presents compensation information for the graduating<br />

class and will give you a sense <strong>of</strong> the industries, geographies, and<br />

functions in which our recent graduates have been employed. We are<br />

excited to report an average annual salary increase <strong>of</strong> $2,373 for the<br />

class <strong>of</strong> 2008. This placement statistic reflects a 3.2% increase over<br />

2007. Given the extremely challenging economic conditions, we feel<br />

this is reflective <strong>of</strong> the quality <strong>of</strong> our students and the hard work <strong>of</strong><br />

the Office <strong>of</strong> Career Development.<br />

At <strong>Eller</strong> <strong>MBA</strong>, we fully embrace the process <strong>of</strong> career development.<br />

From the onset, first year <strong>MBA</strong> students participate in career and<br />

pr<strong>of</strong>essional development activities in conjunction with their Business<br />

Communication course and through OCD <strong>of</strong>ferings. The individual<br />

career counseling that we <strong>of</strong>fer encourages students to evaluate their<br />

skills, experiences, and interests and identify functional areas and<br />

industries <strong>of</strong> interest, all <strong>of</strong> which will ultimately lead to the pursuit<br />

<strong>of</strong> target internship opportunities. These activities continue during<br />

the second year and position students to secure employment<br />

opportunities that leverage their skills and experiences and match<br />

their career interests.<br />

The customized services that our team and the overall <strong>MBA</strong> program<br />

provide enable students to select classes and employment<br />

opportunities that will lead to success as they define it. We believe<br />

that our individual and focused approach to career and pr<strong>of</strong>essional<br />

development, combined with the curricular experience, position<br />

our students to make an impact, deliver value, and lead in their<br />

respective organizations.<br />

We are extremely appreciative <strong>of</strong> our corporate partners, recruiters,<br />

<strong>Eller</strong> College administration, alumni, faculty, and external stakeholders<br />

for their support and for partnering with us in the recruiting process.<br />

We look forward to a continued strong relationship in the years ahead.<br />

<strong>Eller</strong> <strong>MBA</strong> Employment Summary 1<br />

Class <strong>of</strong> 2008<br />

Demographic Pr<strong>of</strong>ile<br />

Mean Age 27<br />

Mean Years <strong>of</strong> Work Experience 4.3<br />

Women 30%<br />

International 34%<br />

Ethnic Minorities 16%<br />

<strong>Eller</strong> <strong>MBA</strong> Employment Pr<strong>of</strong>ile<br />

Pr<strong>of</strong>ile <strong>of</strong> the Class <strong>of</strong> 2008<br />

Employment Pr<strong>of</strong>ile<br />

Total <strong>MBA</strong> % <strong>of</strong><br />

Graduates Class<br />

Total Seeking Employment 2 35 66%<br />

Company Sponsored or<br />

Already Employed 3 6 11<br />

Continuing Education 4 8 15<br />

Postponing Job Search 5 0 0<br />

Starting a New Business 6 2 4<br />

Not Seeking for Other Reasons 7 2 4<br />

Total Not Seeking Employment 18 34<br />

No Information Available 0 0<br />

Total Graduates 53 100%<br />

Total<br />

Graduates<br />

Job Offers<br />

Seeking<br />

As <strong>of</strong><br />

Employment At Graduation August 18, 2008<br />

U.S. Citizens; Permanent<br />

Residents 22 64% 78%<br />

Foreign Nationals 13 15% 30%<br />

Total Graduates 35 14% 60%<br />

As <strong>of</strong><br />

Job Acceptances At Graduation August 18, 2008<br />

U.S. Citizens; Permanent Residents 64% 78%<br />

Foreign Nationals 15% 30%<br />

Total Graduates 46% 60%<br />

1 This report conforms to the <strong>MBA</strong> Career Services Council Standards for <strong>Report</strong>ing <strong>MBA</strong><br />

Lori Dunlap<br />

Associate Director, <strong>MBA</strong> <strong>Programs</strong><br />

Employment Statistics and is based on information for 100% <strong>of</strong> the graduating class.<br />

The base salary data is based on information reported by 100% <strong>of</strong> those students who<br />

accepted a job.<br />

2 Seeking full-time pr<strong>of</strong>essional employment.<br />

3 Includes graduates whose studies were financially sponsored by their employers and are<br />

returning to those employers or who were employed while a student and will continue<br />

working for that employer.<br />

4 Enrolled/will enroll in further graduate studies.<br />

5 Includes graduates postponing their job search for a specific reason, e.g., spouse is relocating,<br />

taking a long trip before starting job search.<br />

6 Starting a new business as owner. Does not include students accepting jobs with a salary in a<br />

new business.<br />

7 Other reasons as defined by the student.<br />

2<br />

<strong>Eller</strong><strong>MBA</strong><br />

The <strong>University</strong> <strong>of</strong> <strong>Arizona</strong><br />

3


2008 <strong>Placement</strong> <strong>Report</strong><br />

<strong>Eller</strong> <strong>MBA</strong> Employment Summary 8 (continued)<br />

Base Salary by Citizenship 9<br />

% <strong>of</strong><br />

Acceptance Mean Median Salary Range<br />

U.S. Citizens / Permanent Residents 81% $79,111 $76,500 $49,000 - $145,000<br />

Foreign Nationals 19% $70,000 $72,500 $50,000 - $85,000<br />

Total <strong>Report</strong>ing 100% $77,376 $76,500 $49,000 - $145,000<br />

Signing Bonus<br />

% <strong>of</strong><br />

Acceptance Mean Median Range<br />

U.S. Citizens / Permanent Residents 85% $8,355 $7,600 $3,500 - $13,033<br />

Foreign Nationals 15% $10,000 $10,000 N/A<br />

Total <strong>Report</strong>ing 100% $8,608 $10,000 $3,500 - $13,033<br />

Other Guaranteed Compensation 10<br />

% <strong>of</strong><br />

Acceptance Mean Median Range<br />

U.S. Citizens / Permanent Residents 73% $9,556 $5,500 $800 - $36,153<br />

Foreign Nationals 27% $8,333 $10,000 $5,000 - $10,000<br />

Total <strong>Report</strong>ing 100% $9,223 $6,000 $800 - $36,153<br />

Base Salary by Pr<strong>of</strong>essional Function<br />

Function % Accepting New Jobs Mean Median Salary Range<br />

Consulting 9.5% N/A N/A N/A<br />

Finance/Accounting 23.8% $71,500 $76,500 $50,000 - $78,300<br />

General Management 9.5% N/A N/A N/A<br />

Human Resources 0.0% $0 $0 $0<br />

Marketing/Sales 14.3% $73,000 $84,000 $50,000 - $85,000<br />

MIS 9.5% N/A N/A N/A<br />

Operations/Production 0.0% $0 $0 $0<br />

Other 33.3% $80,771 $75,000 $49,000 - $145,000<br />

Base Salary by Industry<br />

Industry % Accepting New Jobs Mean Median Salary Range<br />

Consulting Services 15.0% $69,666 $75,000 $49,000 - $85,000<br />

Financial Services 5.0% N/A N/A N/A<br />

Government 0.0% $0 $0 $0<br />

Manufacturing 40.0% $79,800 $80,250 $65,000 - $93,000<br />

Consumer Products 0.0% $0 $0 $0<br />

Media / Entertainment 0.0% $0 $0 $0<br />

Petroleum / Energy 0.0% $0 $0 $0<br />

Pharma / BioT / Healthcare Products 0.0% $0 $0 $0<br />

Real Estate 0.0% $0 $0 $0<br />

Technology 30.0% $77,083 $78,250 $60,000 - $85,000<br />

Non-Pr<strong>of</strong>it 0.0% $0 $0 $0<br />

Other Services 10.0% N/A N/A N/A<br />

8 Compensation data is only shown where there are at least three data points and is based<br />

on the percent <strong>of</strong> job-accepting graduates who provided useable salary information. All<br />

compensation is expressed in cash and in U.S. dollars. Benefits and perquisites (company<br />

cars, equipment, memberships, etc.) are not equated to cash and therefore not included in<br />

compensation.<br />

9 Base salary excludes bonuses, commissions, and other compensation.<br />

10 Other guaranteed compensation may include other taxable payroll compensation such as a<br />

guaranteed annual bonus and guaranteed “overtime” compensation.<br />

4<br />

<strong>Eller</strong><strong>MBA</strong><br />

The <strong>University</strong> <strong>of</strong> <strong>Arizona</strong><br />

5


2008 <strong>Placement</strong> <strong>Report</strong><br />

<strong>Eller</strong> <strong>MBA</strong> Employment Summary 8 (continued)<br />

Base Salary by Geographic Region<br />

Region % Accepting New Jobs Mean Median Salary Range<br />

Northeast 4.8% N/A N/A N/A<br />

Mid-Atlantic 0.0% $0 $0 $0<br />

South 0.0% $0 $0 $0<br />

Southwest 47.6% $65,040 $67,500 $49,000 - $85,000<br />

Midwest 4.8% $0 $0 $0<br />

West 42.9% $81,833 $84,000 $74,500 - $90,000<br />

Possessions 0.0% $0 $0 $0<br />

International 0.0% $0 $0 $0<br />

Base Salary by Undergraduate Major<br />

Undergraduate Major % Accepting New Jobs Mean Median Salary Range<br />

Technical 42.9% $77,377 $76,000 $60,000 - $90,000<br />

Business 28.6% $73,500 $77,350 $50,000 - $93,000<br />

Other 28.6% $81,250 $79,250 $49,000 - $145,000<br />

Base Salary by Years <strong>of</strong> Pre-<strong>MBA</strong> Work Experience<br />

Experience in Years % Accepting New Jobs Mean Median Salary Range<br />

One year or less 19.0% $70,350 $73,200 $50,000 - $85,000<br />

More than one year, up to three years 38.1% $76,125 $67,500 $49,000 - $145,000<br />

More than three years, up to five years 19.0% $84,325 $84,500 $78,300 - $90,000<br />

More than five years 23.8% $79,440 $76,500 $74,500 - $93,000<br />

Total 100.0%<br />

Source <strong>of</strong> Job Acceptances 11<br />

Source Number Percent<br />

All School-Facilitated Activities 12 11 52.4%<br />

(including internships)<br />

All Student-Facilitated Activities 13 10 47.6%<br />

(including internships)<br />

TOTAL FROM ALL ACTIVITIES 21 100.0%<br />

School-Facilitated Internships 1 4.8%<br />

Student-Facilitated Internships 2 9.5%<br />

TOTAL FROM INTERNSHIPS 3 14.3%<br />

Top Recruiting Companies<br />

Deloitte Consulting<br />

E.&J. Gallo Winery<br />

Edmund Optics<br />

Google, Inc.<br />

Honeywell, Inc.<br />

Intel Corporation<br />

Mercer Consulting<br />

Raytheon Missile Systems<br />

The Innova Group<br />

United Technologies<br />

11Only includes data for students accepting jobs on or before three months after graduation.<br />

12Includes but is not limited to (1) scheduled interviews on and <strong>of</strong>f campus, (2) consortia events,<br />

(3) video and telephone interviews, (4) <strong>of</strong>f-campus activities supported by the career center, (5)<br />

job fairs, (6) employer information meetings/dinners, (7) resume books, (8) resume referrals, (9)<br />

web resumes, (10) job postings, (11) third-party sources such as executive recruiters, (12) faculty<br />

referrals, (13) alumni referrals. 51.6% <strong>of</strong> school facilitated activities are interviews arranged<br />

through the Office <strong>of</strong> Career Development.<br />

13Includes but is not limited to (1) previous employer, (2) family and friends, (3) internet, (4) thirdparty<br />

sources such as executive recruiters, (5) direct mail campaigns, (6) newspaper, magazine<br />

and other advertisements. 48.4% <strong>of</strong> student facilitated activities are referrals from friends and<br />

family and opportunities obtained from a previous employer.<br />

6<br />

<strong>Eller</strong><strong>MBA</strong><br />

The <strong>University</strong> <strong>of</strong> <strong>Arizona</strong><br />

7


2008 <strong>Placement</strong> <strong>Report</strong><br />

<strong>Eller</strong> <strong>MBA</strong> Class <strong>of</strong> 2009 Internship<br />

Compensation Summary 14<br />

% <strong>of</strong> Acceptances Mean Median Salary Range<br />

U.S. Citizens / Permanent Residents 74% $4,572 $4,000 $800 - $8,600<br />

Foreign Nationals 26% $4,926 $4,000 $3,840 - $8,000<br />

Total <strong>Report</strong>ing 100% $4,664 $4,000 $800 - $8,600<br />

% Receiving Mean Median Range<br />

U.S. Citizens / Permanent Residents 71% $1,466 $1,375 $100 - $3,500<br />

Foreign Nationals 29% $1,360 $1,000 $300 - $4,000<br />

Total <strong>Report</strong>ing 100% $1,435 $1,200 $100 - $4,000<br />

14Compensation data is only shown where there are at least three data points and is<br />

based on the percent <strong>of</strong> internship-accepting graduates who provided useable salary<br />

information. All compensation is expressed in cash, in U.S. dollars. Benefits and<br />

perquisites (company cars, equipment, memberships, etc.) are not equated to cash and<br />

therefore not included in compensation.<br />

15Base salary excludes bonuses, commissions, and other compensation and is based on<br />

a per month schedule.<br />

16Other guaranteed compensation may include other taxable payroll compensation such<br />

as a guaranteed bonus and guaranteed “overtime” compensation.<br />

<strong>Eller</strong> <strong>MBA</strong> Recruiters 2007 - 2008<br />

Accenture<br />

AIMS North Africa<br />

Alvarez & Marsal<br />

Applied Energetics<br />

<strong>Arizona</strong> Auditor General<br />

BAE System (National<br />

Security Solutions<br />

Balboa Capital Corporation<br />

BDO Seidman<br />

Beach Fleischman & Co. PC<br />

BearingPoint<br />

BlueAlly (A Megas<strong>of</strong>t<br />

Company)<br />

BNSF Railway<br />

Bulbstorm Inc.<br />

Calence LLC<br />

California State Controllers<br />

Office<br />

Capital One<br />

Caremark Inc.<br />

CARF International<br />

CBIZ & Mayer H<strong>of</strong>fman<br />

McCann P.C.<br />

Central Intelligence Agency<br />

Cerner Healthcare<br />

Information Technology<br />

Citi<br />

Classified Ventures,<br />

Cars.com/HomeGain<br />

Clifton Gunderson LLP<br />

Crescent Crown Distributing<br />

Cronstrom, Osuch & Company PC<br />

Defense Contract Audit Agency<br />

Deloitte Services LP<br />

DemandTec Inc.<br />

Diamond Ventures Inc.<br />

Direct Alliance<br />

Drysdale Valuation<br />

E.&J. Gallo Winery<br />

Earth Knowledge Inc.<br />

Edmund Optics Inc.<br />

Emerson Embedded<br />

Computing & Power<br />

Ensynch Inc.<br />

Ernst & Young LLP<br />

Federal Bureau <strong>of</strong><br />

Investigation<br />

FedEx Services<br />

FMC Technologies Inc.<br />

Fortex Inc.<br />

Freeport-McMoRan<br />

GenSpring Family Offices<br />

Gilead Sciences Inc.<br />

Global Crossing<br />

Google Inc.<br />

Harrah's Entertainment Inc.<br />

Harry & David Operations Corp.<br />

Heinfeld, Meech & Co. PC<br />

8<br />

<strong>Eller</strong><strong>MBA</strong><br />

The <strong>University</strong> <strong>of</strong> <strong>Arizona</strong><br />

9


2008 <strong>Placement</strong> <strong>Report</strong><br />

HSBC Bank<br />

Home LLP<br />

Honeywell Inc.<br />

IBM<br />

Insignia Technology Services<br />

Intel Corporation<br />

Intellitech Communications<br />

Group<br />

Intuit Inc.<br />

Jones Day<br />

Keegan, Linscott & Kenon PC<br />

Kennedy Center for the<br />

Performing Arts<br />

KPMG LLP<br />

LifeScan Inc.<br />

LiveOffice LLC<br />

Los Alamos National<br />

Laboratory<br />

McGladrey & Pullen<br />

Mercer Advisors<br />

Micros<strong>of</strong>t Corporation<br />

Miller, Allen & Co. PC<br />

MRI Medical<br />

NASA – Johnson Space<br />

Center<br />

National Aeronautics and<br />

Space Administration<br />

National Bank <strong>of</strong> <strong>Arizona</strong><br />

National Instruments<br />

Nord Resources Corporation<br />

North Star Resource Group<br />

Northrop Grumman<br />

Corporation<br />

ON Semiconductor<br />

Payless ShoeSource Inc.<br />

P.F. Chang's China Bistro<br />

PetSmart Inc.<br />

Phelps Dodge<br />

PIMCO<br />

PricewaterhouseCoopers LLC<br />

Protiviti Inc.<br />

Qwest Communications<br />

International Inc.<br />

R & A CPAs<br />

Rain Bird Corporation<br />

Raytheon Missile Systems<br />

Regier Carr & Monroe LLP<br />

Ridgetop Group Inc.<br />

RMS IT Innovation &<br />

Technology<br />

Sageworks, Inc. - The Makers<br />

<strong>of</strong> Pr<strong>of</strong>itCents<br />

Salt River Project (SRP)<br />

Sandia National Laboratory<br />

Schreiber Foods Inc.<br />

Semiconductor Diode Lasers<br />

Shamrock Foods Company<br />

Shenkarow Realty Advisors<br />

(SRA)<br />

Soaring Heights Communities<br />

LLC and Actus Lend Lease LLC<br />

Sogeti USA<br />

Solar Industries Inc.<br />

Sony Pictures Entertainment<br />

Southern California Edison<br />

Statistical Research Inc.<br />

Stryker Endoscopy<br />

Systems & Methods Inc. (SMI)<br />

TEKsystems Inc.<br />

Texas Instruments Inc.<br />

Textura LLC<br />

The <strong>Arizona</strong> Historical Society<br />

The Dial Corporation – A<br />

Henkel Company<br />

The Fairfax Companies<br />

The Innova Group<br />

The McGraw-Hill Companies<br />

The <strong>University</strong> <strong>of</strong> <strong>Arizona</strong><br />

Time Inc.<br />

TM Inc.<br />

Toyota Motor Sales, USA, Inc.<br />

United Technologies<br />

Corporation<br />

US Airways<br />

US Army<br />

US Army Audit Agency<br />

US Comptroller Of The<br />

Currency<br />

USG Corporation<br />

(United States Gypsum<br />

Corporation)<br />

Vanguard<br />

Veeco Metrology Group<br />

Vens<strong>of</strong>t Inc.<br />

Ventana Medical Systems, Inc.<br />

Verizon Business<br />

VISA International<br />

Walbro Engine Management<br />

Yudelson Associates<br />

Hiring <strong>Eller</strong> <strong>MBA</strong>s<br />

The Office <strong>of</strong> Career Development (OCD) facilitates both the<br />

internship and full-time recruiting processes. Our team works<br />

directly with recruiters to obtain employment opportunities and<br />

communicate them to our students. We also organize interview<br />

schedules and associated logistics and details if so desired.<br />

On Campus Recruiting<br />

We host companies that would like to schedule campus<br />

interviews for full-time and internship recruiting and make<br />

our interview rooms and related services available during the<br />

recruiting visit. The interview scheduling and logistics are<br />

coordinated based on the information provided by the<br />

company on our Recruiting Information Form located at<br />

www.ellermba.arizona.edu/recruit/forms/recruit.aspx<br />

The full-time recruiting season begins in the fall and our<br />

second-year <strong>MBA</strong> students are not expected to begin working<br />

with the hiring organization until after their May graduation.<br />

The internship recruiting season also begins in the fall and our<br />

first-year <strong>MBA</strong> students may begin working with the hiring<br />

organization at the end <strong>of</strong> spring semester (mid May).<br />

Company Presentations<br />

Company presentations are a great forum for companies to<br />

showcase their company and career opportunities, as well as<br />

meet potential candidates for full-time or internship positions.<br />

We can accommodate requests to conduct a presentation and<br />

provide assistance in communicating this event to our<br />

students. These are typically done in the early evening.<br />

10<br />

<strong>Eller</strong><strong>MBA</strong><br />

The <strong>University</strong> <strong>of</strong> <strong>Arizona</strong><br />

11


2008 <strong>Placement</strong> <strong>Report</strong><br />

Additional Event Forums<br />

Companies that participate in on-campus recruiting may also<br />

invite students to participate in a “meet and greet” lunch,<br />

dinner and/or a reception that precedes the interview date.<br />

These events, like the company presentations, are opportunities<br />

for students to learn more about the company and interact<br />

directly with recruiters and hiring managers in an environment<br />

conducive to longer conversations. The company<br />

representatives may coordinate these events and students are<br />

contacted directly by a representative, or OCD is involved in<br />

the coordination and students are notified by OCD on behalf<br />

<strong>of</strong> the organization.<br />

Resume Collections and Referrals<br />

We can facilitate your interview process by collecting resumes<br />

<strong>of</strong> interested candidates and then referring those resumes that<br />

meet your pre-described requirements. To initiate this process,<br />

the company submits a job description and pertinent requirements<br />

relevant for the pre-selection process. We then forward<br />

resumes that have met those requirements for the recruiters’<br />

review and consideration. Companies may consider holding<br />

campus interviews or make other interview arrangements<br />

directly with the selected candidates.<br />

For more information about our recruiting processes, please<br />

contact us at 520.621.4008 or visit our web site at:<br />

http://www.ellermba.arizona.edu/recruit/process.aspx<br />

12<br />

<strong>Eller</strong><strong>MBA</strong>


McClelland Hall<br />

P.O. Box 210108 • Tucson, <strong>Arizona</strong> 85721-0108<br />

520.621.2566 • fax: 520.621.2606<br />

w w w . e l l e r m b a . a r i z o n a . e d u

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