The University of Chicago Booth School of Business
Interim Employment Statistics: 2008-2009
Profile of the Class of 2009
September 14, 2009
Class Profile for Full-Time MBA, Joint Degree, and IMBA Graduates
August 2008, December 2008, March 2009, and June 2009
Employment Profile Percent Number
of Class of Students
Seeking Employment 91.7% 496
Not Seeking Employment 8.3% 45
Sponsored Student 3.7% 20
Self Employed/Founding a Business 3.3% 18
Continuing Education 0.7% 4
Postponing Job Search 0.4% 2
Other Reasons 0.2% 1
Not Responding to Survey 0.0% 0
Total Graduates 100.0% 541
By Three Months
Job Offers(1) At Graduation Post Graduation
U.S. Citizens/Permanent Residents 77.9% 85.4%
Foreign Nationals 82.0% 89.4%
Total 79.2% 86.7%
By Three Months
Job Acceptances(1) At Graduation Post Graduation
U.S. Citizens/Permanent Residents 73.1% 80.6%
Foreign Nationals 73.3% 83.9%
Total 73.2% 81.7%
Demographic Profile(2)
Mean Age 28
Mean Years of Work Experience 5
Female 35.0%
International 35.0%
Married 22.0%
(1)
Represents percent of students who are seeking employment.
(2)
Demographic information is based on Full-Time MBA students
matriculating in September 2007.
8d56f4a4-cc35-4e08-8de0-235a44b2ed1a.xls
The University of Chicago Booth School of Business
Interim Employment Statistics: 2008-2009
New Hires by Function: Full Time
September 14, 2009
Function Percent Number Minimum Maximum Median Median
of Hires of Hires Salary(1) Salary(1) Salary(1) Sign-On(1,2,3)
Business Development 2.0% 8 $80,000 $110,000 $105,000 $20,000
Consulting 23.0% 93 $75,000 $150,000 $125,000 $20,000
Finance 48.4% 196 $60,000 $200,000 $95,000 $40,000
Commercial Banking/Lending 2.2% 9 $70,000 $120,000 $92,500
Company Finance (Analysis/Treasury) 7.9% 32 $85,000 $135,000 $100,000 $18,250
Investment Banking 18.0% 73 $75,000 $125,000 $95,000 $40,000
Investment Management/Research 6.7% 28 $60,000 $200,000 $105,500
Mergers & Acquisitions within a Company 1.7% 7 $90,000 $120,000 $90,000
Private Client Services 1.0% 4 $95,000 $95,000 $95,000
Private Equity 3.5% 14 $90,000 $200,000 $100,000
(1)
Real Estate 0.7% 3 Insufficient Data
Sales & Trading 4.7% 19 $86,860 $110,000 $95,000 $40,000
Other 1.7% 7 $85,000 $125,000 $110,000
General Management 6.7% 27 $50,400 $123,300 $102,500 $20,000
Marketing 11.1% 45 $60,000 $120,000 $95,000 $20,000
Brand/Product Management 9.6% 39 $60,000 $120,000 $95,000 $20,000
Other 1.5% 6 $60,000 $90,000 $90,000 $15,000
Operations/Production 1.2% 5 $110,000 $133,000 $120,000
(1)
Project Management 0.7% 3 Insufficient Data
Strategic Planning 4.7% 19 $90,000 $120,000 $98,000 $17,500
Other 2.2% 9 $90,000 $160,000 $123,000
All 100.0% 405 $50,400 $200,000 $100,000 $20,000
(1)
Compensation information is self-reported. Ninety percent of students reporting accepted offers included salary information. Insufficient data indicates
less than 1% reporting for all accepted offers.
(2)
To be noted in this table, at least 50% of accepted offers in this function reported a bonus. Overall, 63% of accepted offers reported a sign-on bonus.
(3)
In addition to base salary and sign-on bonus, 14% of students received other guaranteed compensation with a median of $20,000. Other guaranteed
compensation includes guaranteed year-end bonuses and excludes perquisites (e.g., tuition reimbursements, relocation, automobile) and variable
compensation (e.g., performance bonuses, stock options).
8d56f4a4-cc35-4e08-8de0-235a44b2ed1a.xls
The University of Chicago Booth School of Business
Interim Employment Statistics: 2008-2009
Top Five Functions: Full Time
September 14, 2009
Function Percent of Hires Number of Hires
Top Five Functions 66.9% 271
Consulting 23.0% 93
Investment Banking 18.0% 73
Marketing 11.1% 45
Company Finance (Analysis/Treasury) 7.9% 32
Investment Management/Research 6.9% 28
All Others 33.1% 134
All 100.0% 405
100.0%
90.0% Consulting, 23.0%
80.0%
70.0%
Investment Banking, 18.0%
60.0%
Marketing, 11.1%
50.0%
Company Finance (Analysis/Treasury), 7.9%
40.0%
Investment Management/Research, 6.9%
30.0%
20.0%
All Others, 33.1%
10.0%
0.0%
Top Five Functions: Full Time
8d56f4a4-cc35-4e08-8de0-235a44b2ed1a.xls
The University of Chicago Booth School of Business
Interim Employment Statistics: 2008-2009
New Hires by Industry: Full Time
September 14, 2009
Industry Percent Number Minimum Maximum Median Median
(1) (1) (1) (1,2,3)
of Hires of Hires Salary Salary Salary Sign-On
Agribusiness 1.0% 4 $90,000 $110,000 $98,000 $27,500
Consulting 23.2% 94 $75,000 $150,000 $125,000 $20,000
Consumer Products 6.9% 28 $50,400 $105,000 $93,500 $20,000
Energy 5.4% 22 $80,000 $135,000 $110,000 $20,000
Financial Services 42.5% 172 $60,000 $200,000 $95,000 $40,000
Commercial Banking 1.7% 7 $70,000 $105,000 $89,750
Diversified Financial Services 9.1% 37 $80,000 $130,000 $95,000 $30,000
Insurance 1.0% 4 $97,000 $110,000 $98,750 $20,000
Investment Banking/Brokerage 21.5% 87 $75,000 $125,000 $95,000 $40,000
Investment Management 6.2% 25 $60,000 $200,000 $110,000
Private Equity 2.5% 10 $90,000 $200,000 $110,000
(1)
Venture Capital 0.5% 2 Insufficient Data
Government/Nonprofit 1.7% 7 $66,000 $95,000 $90,000
Manufacturing 1.7% 7 $80,000 $120,000 $97,500 $22,500
(1)
Media/Entertainment 0.7% 3 Insufficient Data
Pharmaceutical/Biotechnology/Healthcare Products and Services 3.2% 13 $60,000 $108,000 $100,000 $15,000
Real Estate 1.2% 5 $60,000 $180,000 $105,000
Retail 2.2% 9 $85,000 $118,000 $95,000 $17,500
Technology 5.7% 23 $60,000 $120,000 $110,400 $15,000
(1)
E-Commerce and Internet 0.5% 2 Insufficient Data
Electronic Equipment 2.0% 8 $96,000 $120,000 $110,500 $10,000
Software/Printing/Publishing 2.5% 10 $60,000 $120,000 $107,000 $17,500
(1)
Telecommunications 0.7% 3 Insufficient Data
Transportation Services 2.0% 8 $85,000 $105,000 $100,000 $20,000
Other 2.2% 10 Insufficient Data(1)
All 100.0% 405 $50,400 $200,000 $100,000 $20,000
(1)
Compensation information is self-reported. Ninety percent of students reporting accepted offers included salary information. Insufficient data indicates
less than 1% reporting for all accepted offers.
(2)
To be noted in this table, at least 50% of accepted offers in this industry reported a bonus. Overall, 63% of accepted offers reported a sign-on bonus.
(3)
In addition to base salary and sign-on bonus, 14% of students received other guaranteed compensation with a median of $20,000. Other guaranteed
compensation includes guaranteed year-end bonuses and excludes perquisites (e.g., tuition reimbursements, relocation, automobile) and variable
compensation (e.g., performance bonuses, stock options).
8d56f4a4-cc35-4e08-8de0-235a44b2ed1a.xls
The University of Chicago Booth School of Business
Interim Employment Statistics: 2008-2009
Top Five Industries: Full Time
September 14, 2009
Industry Percent of Hires Number of Hires
Top Five Industries 66.9% 271
Consulting 23.2% 94
Investment Banking/Brokerage 21.5% 87
Diversified Financial Services 9.1% 37
Consumer Products 6.9% 28
Investment Management 6.2% 25
All Others 33.1% 134
All 100.0% 405
100.0%
90.0%
Consulting, 23.2%
80.0%
70.0%
Investment Banking/Brokerage, 21.5%
60.0%
Diversified Financial Services, 9.1%
50.0%
Consumer Products, 6.9%
40.0%
Investment Management, 6.2%
30.0%
20.0%
All Others, 33.1%
10.0%
0.0%
Top Five Industries: Full Time
8d56f4a4-cc35-4e08-8de0-235a44b2ed1a.xls
The University of Chicago Booth School of Business
Interim Employment Statistics: 2008-2009
New Hires by Location: Full Time
September 14, 2009
Region Percent Number Median
of Hires of Hires Salary(1)
United States 77.0% 312 $100,000
Midwest 33.8% 137 $102,000
Chicago 27.9% 113 $110,000
Minneapolis/St. Paul 1.5% 6 $95,000
Northeast 24.2% 98 $95,000
New York City 20.5% 83 $95,000
Boston 2.5% 10 $123,000
West 6.9% 28 $109,000
San Francisco/Bay Area 4.4% 18 $115,000
Mid-Atlantic 5.4% 22 $102,000
Washington D.C. 2.0% 8
Baltimore 1.2% 5 $115,000
Southwest 4.7% 19 $105,000
Houston 2.5% 10 $125,000
Dallas 1.5% 6 $105,000
South 2.0% 8 $95,000
International 22.2% 90 $100,000
Asia 9.6% 39 $100,000
Hong Kong 2.7% 11 $95,500
Seoul 2.0% 8 $102,500
Beijing 1.2% 5 $87,500
Europe 9.1% 37 $99,000
London 7.2% 29 $93,000
Latin America and the Caribbean 1.7% 7 $86,000
North America 1.7% 7 $93,000
Unknown 0.7% 3 Insufficient Data(1)
All 100.0% 405 $100,000
(1)
Compensation information is self-reported. Ninety percent of students reporting accepted offers included
salary information. Insufficient data indicates less than 1% reporting for all accepted offers.
8d56f4a4-cc35-4e08-8de0-235a44b2ed1a.xls
The University of Chicago Booth School of Business
Interim Employment Statistics: 2008-2009
Major Employers 2008
September 14, 2009
Companies That Hired Number Percent Number of
Four or More Graduates (17 Companies) of Hires of Hires Intern Hires
McKinsey & Company, Inc. 23 5.7% 15
Bain & Company, Inc. 16 4.0% 16
Credit Suisse 15 3.7% 14
Bank of America/Merrill Lynch 13 3.2% 6
Citigroup Inc. 12 3.0% 7
Deutsche Bank AG 12 3.0% 11
Barclays 10 2.5% 21
JPMorgan Chase & Co. 10 2.5% 8
The Boston Consulting Group 9 2.2% 8
Deloitte & Touche United States LLP 7 1.7% 3
Accenture 6 1.5% 3
Booz & Company 6 1.5% 7
Morgan Stanley 5 1.2% 11
The Dow Chemical Company 5 1.2% 3
Baxter International Inc. 4 1.0% 5
Exxon Mobil Corporation 4 1.0% 2
United Air Lines Inc 4 1.0% 5
Hires at Companies Hiring Four or More Graduates
(18 Companies) 161 39.8%
Hires at Companies Hiring Two or Three 106 26.2%
Graduates (45 Companies)
Hires at Companies Hiring One Graduate 138 34.1%
All 405 100.0%
8d56f4a4-cc35-4e08-8de0-235a44b2ed1a.xls
The University of Chicago Booth School of Business
Interim Employment Statistics: 2008-2009
New Hires by Job Source: Full Time
September 14, 2009
Method of Hire Percent Number
Of Hires Of Hires
School Facilitated 83.5% 338
Summer internship sourced through Chicago Booth 49.6% 201
Interview on campus - invite schedule 14.6% 59
Off-Campus interview sourced through Chicago Booth 6.4% 26
Interview on campus - bid schedule 4.4% 18
Job Postings/Resume Referral Service 4.0% 16
Other Chicago Booth Source (e.g. faculty, staff, student groups) 3.0% 12
Alumni contact 1.5% 6
Direct Contact with Company(1) 16.5% 67
Organization website/External job board 6.4% 26
Prior business contact 4.0% 16
Personal/family contact 3.0% 12
Summer intership sourced through personal contact 2.5% 10
Other Source 0.7% 3
All 100.0% 405
(1)
Approximately one-third of the accepted offers generated by students' direct contact with
companies were with firms where the school has an established recruiting relationship.
8d56f4a4-cc35-4e08-8de0-235a44b2ed1a.xls
The University of Chicago Booth School of Business
Interim Employment Statistics: 2008-2009
September 14, 2009
Salary by Citizenship: Full Time
Citizenship Percent Number Minimum Maximum Median
(1)
of Hires of Hires Salary Salary(1) Salary(1)
U.S. Citizens/Permanent Residents 66.7% 270 $60,000 $200,000 $100,000
Foreign Nationals 33.3% 135 $50,400 $200,000 $100,000
All 100.0% 405 $50,400 $200,000 $100,000
Salary by Undergraduate Major: Full Time
Undergraduate Major(2) Percent Number Minimum Maximum Median
(1)
of Hires of Hires Salary Salary(1) Salary(1)
Business Degree 54.1% 213 $50,400 $200,000 $100,000
Technical Degree 29.2% 115 $70,000 $200,000 $105,000
Other 16.8% 66 $60,000 $130,000 $95,000
All 100.0% 394 $50,400 $200,000 $100,000
Salary by Years of Experience: Full Time
Years of Experience(3) Percent Number Minimum Maximum Median
(1)
of Hires of Hires Salary Salary(1) Salary(1)
(1)
Less than 1 year 0.8% 3 Insufficient Data
1 to 3 years 11.0% 42 $85,000 $138,000 $100,000
3 to 5 years 47.5% 182 $70,000 $200,000 $100,000
More than 5 years 40.7% 156 $60,000 $200,000 $102,000
All 100.0% 383 $50,400 $200,000 $100,000
(1)
Compensation information is self-reported. Ninety percent of students reporting accepted offers included
salary information. Insufficient data indicates less than 1% reporting for all accepted offers.
(2)
Undergraduate Major information is unavailable for eleven graduates.
(3)
Years of Experience information is unavailable for twenty-two graduates.
8d56f4a4-cc35-4e08-8de0-235a44b2ed1a.xls