Career Services

Chetkovich Career Center


MBA Class of 2005, Full Time
Employment Report

MBA Class of 2006, Summer Internship
Employment Report

 

MBA Class of 2005, Full Time


As of September, ninety-seven percent of 2005 full-time Berkeley MBA graduates had accepted or received job offers at an average salary of over $95,000 a year, representing both the highest percentage of graduates receiving offers just three months after graduation and the highest average salary reported to date for a Haas School graduating class.


McKinsey & Company, Yahoo!, Lehman Brothers, Johnson & Johnson, and Genentech emerged as top employers of graduates from the full-time Berkeley MBA class of 2005.
The diversity of these top employers, who represent consulting, technology, investment banking, pharmaceuticals, and biotechnology, is representative of the breadth of opportunity being enjoyed by these graduates. Overall, members of the 2005 class went to work for more than 115 different firms and organizations. They did so at an average starting salary that jumped to over $95,000, up from $88,234 last year.


Many of the 2005 graduates went to work in financial services and technology, industries that each accounted for hiring 24% of the class. Consulting was the next biggest draw, with nearly 18% of the class joining this field. Real estate, consumer products/retail, and healthcare/biotech/pharma were also popular industries. Finance continues to be the most popular function, accounting for the work of nearly one-third of the class, followed by consulting and marketing.


During the 2004-05 academic year, the Haas School saw a 35% increase in on-campus recruiting over the previous year. To further strengthen relationships with recruiters, Career Services placed account manager for finance Nicole Gehrmann in New York and increased the number of its account managers to four by hiring Ellen Wilson as the new account manager for the consumer products, retail, and real estate sectors.


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A Profile: 250 students

Women 24%
Minority 34%
International 32%
Median Work Experience 5 years



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Top Industries:

Financial Services 24%
Technology 24%
Consulting 17%
Real Estate 10%
Consumer Products/ Retail 8%
Biotech/ Healthcare 8%



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Top Functions:

Finance 32%
Marketing 23%
Consulting 22%
General Management 13%

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Top Ten Hiring Companies:

Adobe Systems
The Boston Consulting Group
Deloitte
Deutsche Bank Securities Inc.
Gap, Inc.
Genentech, Inc.
Google
Johnson & Johnson
Lehman Brothers
McKinsey & Company
Yahoo!


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Average of Salary by Industry

Industry % Median of Salary Avg of Salary Avg Signing Bonus Avg Total Other Compš
Consulting 17.2% 105,000 101,520 14,887 32,415
Consumer Products/Retail 7.7% 85,000 84,467 16,858 11,967
Financial Services 24.4% 95,000 97,697 23,736 49,980
   Commercial Banking 2.3% 78,500 N/A N/A N/A
   Diversified Financial Services 3.2% 90,000 96,600 114,250 56,667
   Investment Banking /    Brokerage 10.0% 95,000 93,080 30,289 46,809
   Investment/Portfolio    Management 7.2% 100,000 103,600 17,917 56,000
   Venture Capital/ Private    Equity 1.8% 125,000 116,667 N/A N/A
Healthcare/ Biotech/ Pharmaceuticals 7.7% 100,000 102,179 13,650 15,880
Not for Profit/ Government/ Education 2.7% 77,500 77,250 N/A N/A
Other Industry 3.6% 92,150 95,313 13,148 17,500
Real Estate 10.0% 90,000 85,571 13,333 32,733
   Development 5.9% 87,500 86,923 13,333 32,188
   Finance 4.1% 90,000 83,375 13,333 33,357
Technology 23.9% 92,000 96,808 13,000 16,227
   Diversified High Tech 1.8% 82,000 82,333 N/A N/A
   Electronics 2.3% 90,000 96,000 12,000 14,500
   Internet 9.0% 95,000 101,765 17,083 13,640
   Semiconductors/Hardware 0.9% N/A N/A N/A N/A
   Software 8.1% 92,000 97,878 10,000 15,447
   Telecommunications 1.8% 88,500 90,000 N/A N/A
Utilities/Energy 1.4% 100,000 N/A N/A N/A
Widely Diversified Manufacturing 0.5% N/A N/A N/A N/A
Widely Diversified Services 0.9% N/A N/A N/A N/A
Grand Total 100% 95,000 95,519 16,327 28,870


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

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Average Salary by Function


Function Description % Median of Salary Avg of Salary Avg Signing Bonus Avg Total Other Compš
Consulting 21.8% 105,000 99,330 13,957 29,510
Finance 31.9% 95,000 95,649 20,503 39,720
General Management 13.4% 90,000 88,531 11,905 15,583
Marketing 23.2% 95,000 96,900 16,752 15,348
Real Estate 9.7% 90,000 92,750 13,333 32,563
Grand Total 100% 95,000 95,519 16,327 28,870


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



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Job Offer Source Data

The data below shows the sources of jobs as reported by the students.

Haas On-Campus Recruiting (including interviews, resume drops, resume database and job fairs) 38%
Haas Career Center Job Listing (job board or emailed directly) 7%
Haas Contact or Event 16%


Haas Resources 61%


Former Employer (not sponsored) 5%
Company Sponsored Student 2%
Other 32%



Student Resources 39%


  100%


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Class of 2005 - Full Time Positions by Region


Location % Average Salary Avgerage Signing Bonus Average Total Other Compš
United States 83.5% 97,926 16,386 28,861
   West 73.2% 98,066 16,316 26,859
   Northeast 5.9% 101,250 20,313 68,313
   Midwest 1.8% 85,833 N/A 15,750
   Middle Atlantic 1.3% 101,333 N/A 19,500
   South 1.3% 86,667 N/A 12,500
International 16.5% 83,399 16,531 28,912
   Asia 6.4% 82,119 15,173 34,568
   Central/South America 4.1% 68,375 15,000 20,356
   Europe 4.1% 88,476 20,391 29,008
   Canada 1.4% 110,000 N/A 30,000
   Africa 0.5% N/A N/A N/A
100% 84,353 13,755 27,389


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

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MBA Class of 2006, Summer Internships

For the Berkeley MBA class of 2006, 99% of those who sought summer internships reported having an internship last summer. Technology led the way with 31% of the class spending the summer at work in this industry. Financial services was the second most popular industry, accounting for 21% of the class. Consulting and healthcare/biotech/pharma each attracted 12% of the class. The most popular function was marketing, followed by finance, general management, and consulting. The median monthly salary for the summer interns approached $6,000.

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A Profile: 238 students

Women 33%
Minority 26%
International 29%
Median Work Experience 5 years



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Top Industries:

Technology 31%
Financial Services 21%
Healthcare/ Biotech 12%
Consulting 11%



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Top Functions:

Marketing 32%
Finance 26%
General Management 19%
Consulting 18%


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Top Ten Hiring Companies:

Amazon.com, Inc.
Apple
Banc of America Securities
The Boston Consulting Group
Deloitte
Johnson & Johnson - LifeScan
McKinsey & Company
SAP
Wells Fargo Bank
Yahoo!


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Average of Salary by Industry


Industry % Median Salary² Avg Salary²
Consulting 11.4% 2,079 1,914
Consumer Products/Retail 9.0% 1,339 1,235
Education 2.0% 616 623
Entertainment/Media/Sports 1.0% N/A N/A
Financial Services 21.4% 1,524 1,472
Healthcare/Biotech/Pharmaceuticals 11.9% 1,393 1,361
Not-For-Profit 1.5% 554 539
Other Industry 2.5% 1,201 1,173
RealEstate 3.5% 1,155 1,234
Technology 31.3% 1,363 1,370
Utilities/Energy 1.5% 1,339 1,332
Widely Diversified Services 0.5% N/A N/A
Grand Total 100% 1,386 1,372


² Average Salary shown is weekly salary.

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Employment by Function

Average of Salary by Function % Median Salary² Avg Salary²
Consulting 18% 1,940 1,608
Entrepreneurship 1% N/A N/A
Finance 26% 1,536 1,455
General Management 19% 1,178 1,159
Marketing 32% 1,386 1,332
Real Estate 4% 1,201 1,280
Grand Total 100% 1,386 1,372


² Average Salary shown is weekly salary.

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Job Offer Source Data

The data below shows the sources of jobs as reported by the students.


Haas On-Campus Recruiting (including interviews, resume drops, resume database and job fairs) 46%
Haas Career Center Job Listing (job board or emailed directly) 14%
Haas Contact or Event 15%


Haas Resources 75%


Former Employer (not sponsored) 5%
Other 20%



Student Resources 25%


  100%



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Class of 2005 - Summer Internships by Region

Location % Median Salary² Avg Salary²
United States 88.3% 1,386 1,386
   West 80.2% 1,386 1,386
   Northeast 6.1% 1,501 1,525
   South 1.0% N/A N/A
   Midwest 0.5% N/A N/A
   Middle Atlantic 0.5% N/A N/A
International 11.7% 1,016 1,220
   Central/South America 5% 3,000 4,680
   Asia 3.6% 1,790 1,636
   Central/South America 3.1% 539 542
   Europe 3.0% 1,395 1,468
   Indian Sub Continent 1.5% N/A N/A
   Canada 0.5% N/A N/A
100% 1,386 1,372


² Average Salary shown is weekly salary.

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