Career Services

Chetkovich Career Center


MBA Class of 2002, Full Time
Employment Report

MBA Class of 2003, Summer Internship
Employment Report

MBA Class of 2002, Full Time


The Berkeley MBA graduates of the Class of 2002 re-entered the workforce during challenging economic times. However, 88% of the job-seeking graduates found employment within 3 months of graduation. Haas students have always pursued a wide variety of industries upon graduation, and this year the distribution across industries is even broader.


While the numbers of graduates entering the Financial Services, Technology and Consulting industries were all down from the year before, there was significant growth in the Consumer Products, Real Estate and Biotech/Healthcare industries.



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


Year-over-year starting salaries declined around 10% from 2001 to $84,500 in 2002 reflecting current trends in the marketplace.


The largest percentage of Berkeley MBA graduates found their jobs through on-campus recruiting & Haas job postings (47%) while increasing numbers of graduates were successful using Haas contacts and school events (12%). Industry & personal networking were also helpful to the students to make contacts and ultimately secure jobs. Regardless of how the graduates found their careers, they all worked hard to get there. With limited headcount and fewer opportunities, companies and students alike spent more time in the research and interview process to be sure there was a good fit.


The Haas School sincerely thanks the companies who have actively participated in our campus recruitment programs, both formally and informally. A special thanks goes out to our alumni who have stayed in touch and helped Berkeley MBA graduates secure rewarding careers.


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A Profile: 251 students

Women 30%
Minority 31%
International 36%
Average work experience 5.5 years


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Top Industries:

Financial Services 25%
Technology 20%
Consulting 13%
Consumer Products 12%
Real Estate 10%


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Top Functions:

Finance 32%
Marketing 22%
General Management 20%
Consulting 17%


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Top Ten Hiring Companies:

Boston Consulting Group, The
Citigroup
Clorox Company, The
Deloitte Consulting
Gap, Inc.
Johnson & Johnson
Lehman Brothers
Qwest Communications
Siebel Systems, Inc.
Wells Fargo Bank


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Average of Salary by Industry

Industry % Range of Salary Avg of Salary Avg Signing Bonus Avg Total Other Compı
Consulting 12.9% 70,000 - 110,000 94,105 16,058 21,449
Consumer Products/Retail 11.8% 55,000 - 108,000 80,800 15,571 17,500
Retail
 6.7% 75,000 - 108,000 84,889 15,429 19,438
Food/Beverages
 2.2% 80,000 - 95,000 83,750 N/A 10,700
Household / Personal Products
 2.8% 55,000 - 82,000 74,750 15,000 20,900
Financial Services 24.7% 60,000 - 120,000 85,629 N/A 51,046
Commercial Banking
 4.5% 75,000 - 92,000 83,167 22,000 34,000
Diversified Financial Services
 6.7% 78,000 - 100,000 85,500 8,750 21,391
Investment Banking/Brokerage
 6.7% 72,500 - 100,000 83,958 26,727 45,200
Investment/Portfolio Management
 6.7% 60,000 - 120,000 88,000 20,143 81,650
Healthcare/ Biotech/ Pharmaceuticals 6.7% 73,000 - 96,000 86,273 11,667 22,000
Not for Profit/Government / Education 6.2% 23,000 - 80,000 60,786 N/A 18,000
Other Industry 2.8% N/A 68,800 N/A N/A
Real Estate 9.6% 45,000 - 120,000 75,500 24,500 24,318
Development
 5.1% 45,000 - 120,000 76,875 N/A 28,500
Finance
 4.5% 48,000 - 90,000 74,125 N/A 20,833
Technology 20.2% 50,000 - 125,000 91,300 14,684 21,333
Diversified High Tech
 1.7% N/A N/A N/A N/A
Electronics
 1.7% 85,000 - 91,000 88,667 N/A N/A
Semiconductors / Hardware
 3.4% 75,000 - 125,000 92,600 N/A N/A
Software
 10.1% 55,000 - 100,000 92,438 16,033 24,433
Telecommunications
 3.4% 50,000 - 104,000 82,200 21,667 26,720
Utilities/Energy 1.7% 50,000 - 90,000 71,667 N/A 34,333
Widely Diversified Mfg 3.4% 56,000 - 100,000 81,500 15,000 15,000
Grand Total 100% 23,000 - 125,000 84,504 17,023 27,997



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 Compı
Consulting 16.9% 70,000 - 110,000 90,239 16,442 19,424
Entrepreneurship 1.2% N/A N/A N/A N/A
Finance 32.0% 55,000 - 120,000 82,832 19,000 36,566
General Management 20.3% 23,000 - 110,000 81,983 14,722 25,386
Marketing 22.1% 68,000 - 125,000 89,859 15,160 20,531
Other 1.7% N/A N/A N/A N/A
Real Estate 5.8% 45,000 - 120,000 74,800 24,500 32,917
Grand Total 100% 23,000 - 125.000 84,504 17,023 27,997



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 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) 41%
Haas Career Center Job Listing (job board or emailed directly) 7%
Haas Contact or Event 12%

Haas Sources 60%

Summer Internship 6%
Former Employer (not sponsored) 6%
Company Sponsored Student 5%
Other 23%

Other Sources 40%

  100%


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Class of 2002 - Full Time Positions by Region


Location % Average Salary Average Signing Bonus Average Total Other Compı
United States 83.6% 85,867 16,572 29,259
West
 69.6% 86,554 15,802 25,336
Middle Atlantic
 2.3% 77,000 N/A 19,000
Midwest
 1.2% N/A N/A N/A
Northeast
 8.2% 80,045 16,333 38,174
South
 2.3% 78,125 24,750 39,000
International 16.4% 81,511 18,017 26,391
Asia
 8.2% 65,700 19,000 32,286
Central/South America
 2.3% 70,250 14,000 22,625
Europe
 5.3% 87,571 26,333 55,900
Africa
 0.6% N/A N/A N/A
100% 84,504 17,023 28,425


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

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MBA Class of 2003, Summer Internships

Many students’ internships were settled very late in the academic year, but the vast majority of students seeking summer internships were successful (92%). Students marketed themselves to a variety of industries and firms. They found interesting problems to help solve and challenging new experiences to participate in, while making significant contributions to their summer employers.


Large numbers of students continued to find internships in financial services (25%) and technology (31%). Also, there was a huge increase in the number of students who worked in the non-profit and government sectors last summer. Biotechnology and Consulting also continue to popular among Haas students during the summer.




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A Profile: 239 students

Women 29%
Minority 37%
International 33%
Average work experience 5.3 years


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Top Industries:


Technology 31%
Financial Services 25%
Consulting 8%
Healthcare/Biotech 8.1%
Government/Non-profit 6.9%


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Top Functions:


Finance 31%
Marketing 29%
General Management 16%
Consulting 15%


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Top Ten Hiring Companies:

BEA Systems, Inc.
Deloitte Consulting
Goldman, Sachs and Company
Hewlett-Packard Company
Lehman Brothers
McKesson Corporation
Samsung Group
SBC Communications
Sun Microsystems
Wells Fargo Bank

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Average of Salary by Industry


Industry % Range Of Salary² Avg Salary²
Advertising / Marketing Services / Publishing 1.7% 4,800 - 16,665 10,733
Airlines/Auto/Travel 1.2% N/A N/A
Consulting 8.1% 12,500 - 21,625 18,395
Consumer Products/Retail 4.6% 10,000 - 15,000 12,708
Education 1.7% 1,000 - 12,500 8,250
Entertainment/Leisure/Sports 1.2% N/A N/A
Financial Services 24.9% 1,250 - 18,750 13,476
Government 1.2% N/A N/A
Healthcare/Biotech/Pharmaceuticals 8.1% 7,500 - 16,750 14,413
Not-For-Profit 6.9% 1,000 - 8,750 6,055
Other Industry 1.2% N/A N/A
RealEstate 3.5% 4,000 - 17,500 11,313
Technology 31.2% 625 - 23,188 13,521
Utilities/Energy 0.6% N/A N/A
Widely Diversified Mfg 2.3% 5,000 - 12,525 9,381
Widely Diversified Svcs 1.7% N/A N/A
Grand Total 100.0% 625 - 23,188 12,782


² Average Salary shown is calculated for the entire summer on an average 10 week internship; Avg.Salary/10=weekly salary, Avg.Salary/2.5=monthly salary.

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Average of Salary by Function


Average of Salary by Function % Range Of Salary² Avg Of Salary²
Consulting 14.5% 1,000 - 23,188 15,052
Entrepreneurship 2.9% 7,000 - 17,500 11,500
Finance 30.8% 1,250 - 18,750 13,634
General Management 16.3% 625 - 17,750 10,881
Marketing 28.5% 1,000 - 17,500 12,537
Real Estate 4.7% 5,000 - 14,000 9,455
Other 2.3% 7,000 - 16,000 11,688
Grand Total 100.0% 625 - 23,188 12,782


² Average Salary shown is calculated for the entire summer on an average 10 week internship; Avg.Salary/10=weekly salary, Avg.Salary/2.5=monthly salary.

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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) 30%
Haas Career Center Job Listing (job board or emailed directly) 23%
Haas Contact or Event 16%

Haas Sources 69%

Former Employer (not sponsored) 2%
Company Sponsored Student 3%
Other 26%

Other Sources 31%

  100%


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Class of 2003 - Summer Internships by Region


Location % Range Of Salary² Average Salary²
United States 84% 1,000 - 23,188 12,940
West
 68% 1,000 - 23,188 12,913
Northeast
 9% 3,750 - 18,750 13,308
Southwest
 5% 6,500 - 16,665 12,120
Midwest
 2% 12,500 - 14,025 13,263
South
 1% N/A N/A
International 16% 625 - 18,000 10,395
Asia
 7% 5,000 - 17,500 12,580
Europe
 3% 16,385 - 18,000 17,378
North America
 3% 5,350 - 6,500 5,925
Central/South America
 2% N/A N/A
Indian Sub Continent
 1% N/A N/A
100% 625 - 23,188 12,782



² Average Salary shown is calculated for the entire summer on an average 10 week internship; Avg.Salary/10=weekly salary, Avg.Salary/2.5=monthly salary.

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