Career Services
Chetkovich Career Center
Employment Report
Employment Report
Despite a weakening economy, job opportunities for the Berkeley MBA class of 2008 increased 5% from a year prior, and starting salaries increased to just under $109,000, up from last year’s mean base salary of $101,859. Ninety-five percent of the class secured job offers within three months of graduation as they joined 110 different organizations in 14 countries worldwide. In addition to increased salaries, over three-fourths of the class reported receiving substantial signing bonuses - $22,305 on average.
"It was a tighter employment market, but we have seen MBA hiring continuing, with an impressive breadth of firms,” says Abby Scott, Executive Director of the Haas MBA Career Services Organization. The top hiring firms for graduating Berkeley MBA students this year included Amazon, Apple, Bain & Company, the Boston Consulting Group, Del Monte Foods, Deloitte Consulting, Google, eBay, Morgan Stanley, Pacific Gas & Electric, Wells Fargo Bank, and Yahoo!.
“We are pleased to have strong relationships with recruiters and our alumni community, which will help us weather the current economic downturn,” says Scott. That strong relationship is evidenced by the 2007 Wall Street Journal survey of corporate recruiters, which ranked Haas #2, and BusinessWeek’s 2008 Business School rankings, in which recruiters ranked the Haas Career Services Organization #4 nationwide. In particular, notes Lisa Feldman, Director of Recruiting, the recruiters recognized that “at Haas, the entire administration works diligently to create new programs that help connect students with companies and organizations, while ensuring that both groups’ needs are met.” More and more companies continue to choose Haas as their recruiting partner because of its acclaimed general management program with top-ranked specialties, the independent and innovative thinking inherent to UC Berkeley graduates, and a collaborative culture that imbues students with confidence, not attitude.
Using skills learned at Haas, Steve Odom, MBA 08, parlayed his interest in general management and sustainability into a project manager position with The Dow Chemical Company in Midland, Michigan. By maintaining a strong presence on campus and partnering with Haas MBA students on class projects, Dow attracted students like Steve who were pursued organizations “where I could leverage the skills I learned at Haas as well as my interest in CSR across the organization.”
The Career Services staff works year-round to maintain, strengthen, and establish relationships with employers. Four industry-focused Account Managers partner with hundreds of firms, insuring their experience recruiting at Haas is a productive one. These individuals work on a strategic level with companies to help them select the right programs to target candidates for their firms. As MBA Career Services further strengthens ties with the business community, Berkeley MBA students will continue to be among the most highly sought-after business school graduates in the world.
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A Profile: 230 students
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Top Industries:
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Top Functions:
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Top Hiring Companies (3+):
Amazon.com
Apple
Bain & Company
Boston Consulting Company
Del Monte Foods
Deloitte Consulting
eBay
Morgan Stanley
PG&E Corporation
Wells Fargo Bank
Yahoo!
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Average of Salary by Industry
Health/MedDevices 7.4% $106,917 $107,500 $15,222 $17,280
Government 2.8% $76,000 $77,000 $2,000 $5,600
Resources 5.1% $102,667 $105,000 $25,000 $12,250
Leisure/Sports 1.7% $90,000 $90,000 $18,000 $9,000
¹ Average Total Other Comp includes annual bonus, performance bonus, and other guaranteed bonuses.
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¹ Average Total Other Comp includes annual bonus, performance bonus, and other guaranteed bonuses.
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Job Offer Source Data
The data below shows the sources of jobs as reported by the students.
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Full Time Positions by Region
¹Average Total Other Comp includes annual bonus, performance bonus, and other guaranteed bonuses.
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MBA Class of 2009, Summer Internships
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A Profile: 262 students
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Top Industries:
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Top Functions:
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Top Ten Hiring Companies:
Adobe Systems
Amazon.com
Apple
Boston Consulting Group
Dow Chemical Company
Goldman Sachs
Google
Johnson & Johnson
Kaiser Permanente
McKesson
McKinsey & Company
Microsoft Corporation
Salesforce.com
Yahoo!
ZS Associates
² Salary shown is monthly salary.
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² Salary shown is monthly salary.
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Job Offer Source Data
The data below shows the sources of jobs as reported by the students.
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² Average Salary shown is monthly salary.
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