Business Career Center

Undergraduate

Morgan Kinross-WrightDirector612-624.0011

Tess Surprenant Associate Director, Business Development 612-624-4383

Shannon Sawyer Employer Relations Manager 612-624-3549

Graduate

Clare FoleyDirector612-624-0011

Jessica Page Employer Relations Manager 612-624-7580

Katie SmithAssociate Director,Marketing and CorporateRelationship Development612-625-7537

Business Career CenterCarlson School of ManagementUniversity of Minnesota321 Nineteenth Avenue South, Suite 1-110Minneapolis, MN 55455612-624-0011, fax 612-625-8840carlsonschool.umn.edu/bcc

© 2006 by the Regents of the University of Minnesota. All rights reserved.The University of Minnesota is an equal opportunity educator and employer.

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Business Career Center

2006 Employment Report

From the deanDear Friends,

The Carlson School prepares its graduates to deliverbottom-line results for your company. We accomplishthis by focusing on our rich tradition of discovery,opportunity, and community.

Located in the heart of a thriving Fortune 500 com-munity, the Carlson School curriculum maximizesall the resources of an urban, Big 10 university. Ourcorporate partners hire our graduates, mentor ourstudents, and provide real-world learning opportu-nities beyond the classroom. The Carlson SchoolEnterprises provide hands-on opportunities for ourstudents to work on consulting projects for some of the world’s most innovative companies. Thisinvaluable experiential learning is just one reasonthat Carlson graduates are some of the nation’smost sought after, as indicated by our impressiveemployment rates.

Moreover, the concepts taught in our classrooms are informed by a remarkable roster of world-classresearchers on such topics as neuroeconomics andglobal branding. Our professors translate theirresearch findings and expertise in ways that help our students understand complex issues and takethoughtful action.

Every year, this powerful combination of discovery,opportunity, and community results in the gradua-tion of Carlson School students who are ready towork, well equipped with the competencies and confidence to apply their talents and passion forbusiness on your company’s behalf.

I invite you to learn more about the Carlson Schooladvantage.

Sincerely,

Alison Davis-BlakeDean, Investors in Leadership Distinguished Chair in Organizational Behavior

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Table of contents

Welcome ............................................................................... 1

MBA .......................................................................................... 2

MA-HRIR ........................................................................ 8

BSB ........................................................................................... 14

Employer roster ..................................................... 20

Students from around the world come tothe Carlson School not just to earn adegree, but to earn their stripes working

alongside cutting-edge researchers, teachers,and members of the local, national, andinternational business communities. Theworld’s foremost companies hire CarlsonSchool graduates knowing that our studentsunderstand the challenges of building abusiness. Just what is it that makes CarlsonMBA graduates different?

> A grasp of business theory above and beyond other MBA graduates, taught by faculty who are counted among the world’s most prolific and most cited business researchers.

Forty percent of Carlson School graduate studentsstudy abroad, and all of our study abroad programsinclude collaborations and projects with leading globalcompanies.

> Hands-on, real-world experience. The Carlson School doesn’t simulate business. We build it.

The Carlson School Enterprises are one of the largest, most recognized, and most innovative groups of professionally-led student businesses.

> A foundation in business leadership supported by collaborations with the Twin Cities’ top executives.

Minnesota is home to 19 Fortune 500 companies,including four Fortune 100 companies headquarteredin Minneapolis/St. Paul

A Carlson MBA has a proven currency. Withinthree months of graduating, 97 percent ofthe2006 MBA class had offers of employment.Learn how a Carlson MBA graduate can helpyour business grow.

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“ In the past few years, we’ve hired moremarketing candidates from Carlson than ever before. Our proximity to the school allows us to maintain a close relationship and really get to know the students. Carlson’s focus on brand management skills development, demonstrated by the Brand Enterprise program and the Elite 8 case competition, helps attract and educate the type of strong marketing candidates we’re looking for at General Mills.”

John MachuzickSenior Vice PresidentPresident, Bakeries & Foodservice DivisionGeneral Mills

“ At Ecolab, we have had great success withstudents from the Carlson School. They come to us well prepared, and ready to make an impact on our business. I believe this is because the Carlson School has created a program that blends togetheracademics with hands-on experience for the students.”

James H. WhiteSenior Vice President Strategy & Marketing DevelopmentEcolab, Inc.

Employment by industry

Manufacturing . . . . . . . . . . . . . . . . . . . . . . . .40%Consulting services . . . . . . . . . . . . . . . . . . . . .13%Financial services . . . . . . . . . . . . . . . . . . . . . . .17%Other services . . . . . . . . . . . . . . . . . . . . . . . . .27%Nonprofit/government . . . . . . . . . . . . . . . . . .2%

Employment by region

Full-Time MBA class of 2006

Base salary range. . . . . . . . . . . . $45,000–115,000Mean base salary . . . . . . . . . . . . . . . . . . . . . $85,833Mean bonus . . . . . . . . . . . . . . . . . . . . . . . . . $16,158Class size . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105Graduates employed . . . . . . . . . . . . . . . . . . . . 97%

Base salary range by function

Finance /accounting

Consulting

Marketing /sales

Operations /production

Mean $82,793

Mean $96,830

Mean $82,167

Mean $86,191

$45,000–95,000

$75,000–115,000

$70,000–91,000

$65,000–100,000

$40,000 $60,000 $80,000 $100,000 $120,000 Midwest84%

South1%

Southwest1%

International6%

Marketing/sales27%

Finance/accounting41%

Consulting15%

Generalmanagement

2%

Operations/production

9%Other6%

Northeast4%

Class of 2007 internships

Companies that offered internships . . . . . . . . . .40Percentage of students with internships . . . . .95%Average internship salary . . . . . . . . . . .$31.37/hour

4 5

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Unknown4%

Employment by function

2007 Full-Time MBA class profileTotal number of applicants . . . . . . . . . . . . . . .453Enrolling students . . . . . . . . . . . . . . . . . . . . . . .96Average GMAT score . . . . . . . . . . . . . . . . . . .650Average age at matriculation . . . . . . . . . . . . . .29Female students . . . . . . . . . . . . . . . . . . . . . . . .27%Minority students . . . . . . . . . . . . . . . . . . . . . . .5%International students . . . . . . . . . . . . . . . . . .40%Average full-time work experience . . . . .5 years

Geographic representation

2008 Full-Time MBA class profileTotal number of applicants . . . . . . . . . . . . . . .418Enrolling students . . . . . . . . . . . . . . . . . . . . . . .124Average GMAT score . . . . . . . . . . . . . . . . . . .641Average age at matriculation . . . . . . . . . . . . . .28Female students . . . . . . . . . . . . . . . . . . . . . . . .35%Minority students . . . . . . . . . . . . . . . . . . . . . .10%International students . . . . . . . . . . . . . . . . . .40%Average full-time work experience . . . .4.8 years

Geographic representation

Businessadministration

30%

Socialsciences

9%

Economics13%

Science& math

16%

Engineering23% Humanities

6%

Other U.S.23%

International40%

Minnesota34%

Border states(WI, IA, SD, ND)

3% Minnesota38%

Border states(WI, IA, SD, ND)

5%

International40%

Businessadministration

41%

Engineering20%

Economics11%

Science& math

11%

Socialsciences

12%Humanities

5%

Other U.S.17%

Other3%

6 7

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Academic areas of studyMarketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17%Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .28%MIS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5%Operations/supply chain . . . . . . . . . . . . . . . . .5%Consulting . . . . . . . . . . . . . . . . . . . . . . . . . . . .17%Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12%Undecided . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11%

Academic areas of studyMarketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30%Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40%MIS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4%Operations/supply chain . . . . . . . . . . . . . . . . .6%Consulting . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3%Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14%Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3%

Undergraduate majors Undergraduate majors

Carlson School students in theMaster of Arts – Human Resourcesand Industrial Relations (MA-HRIR)

program graduate with an outstandingreputation. The program ranks among the topthree in the nation year after year.

Through the balanced HRIR curriculum, stu-dents gain a thorough understanding of contem-porary practices and the underlying theoriesthat are necessary for a successful career.Students explore HR issues within the broadereconomic, financial, technological, ethical,global, and cultural environment to give them arich foundation for decision-making. The livingbusiness laboratory of Minneapolis and St. Paulprovides internships, field projects, and mentorsfrom dynamic, global companies.

Leading companies from coast to coasteagerly recruit Minnesota students for summerinternships and full-time positions. These stu-dents are some of the most prepared and enthu-siastic candidates available to fill key HRpositions in any organization.

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MA-HRIR key features

> Consistently ranked among the top threeprograms in the country.

> The alumni and faculty are internationalleaders in HR. Alumni have HR leadershippositions internationally and locally incompanies big and small, and the faculty arerecognized worldwide for their cutting-edgescholarship.

> Uniquely situated in a leading businessschool providing the latest in technology,business trends, and opportunities for MBAcoursework.

> Located in a major metropolitan area with a thriving business community providingrich opportunities for networking anddevelopment.

> The curriculum covers all aspects of human resources and industrial relationsfrom core functions such as staffing andcompensation to contemporary challengessuch as diversity, leadership, andinternational HR. Many students also takefinancial accounting and other MBA courses.

8 9

Full-Time MA-HRIR class of 2006Base salary range–overall . . . . . . . .$35,000–88,000Average base salary–overall . . . . . . . . . . . . . .$61,852Base salary range–local* . . . . . . . . .$37,000–76,000Average base salary–local* . . . . . . . . . . . . . . .$57,400Base salary range–national** . . . . .$35,000–88,000Average base salary–national** . . . . . . . . . . .$65,100Class size . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .56Graduates with employment offers . . . . . . . . . .82%

* These positions fill specific assignments at locally basedcompanies around the U.S. These companies are notnecessarily local to the Twin Cities but are of a local nature in their respective cities.

** These are developmental positions at national companiesacross the U.S. Examples of these companies in the TwinCities include 3M, General Mills, and Medtronic.

Employment by region

South3%

Mid-Atlantic

6%

Southwest3%

West9%

Midwest56%

International6%

Northeast17%

Class of 2007 internships Companies that offered internships . . . . . . . . . . .31Percentage of students with internships . . . .100%Average internship salary . . . . . . . . . . . .$24.92/hour

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RIRM

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“ Hewlett-Packard has recruited humanresources and industrial relations graduatestudents from the University of Minnesota’sIndustrial Relations Center for nearly 30years. Many of these recruits have grownquickly to positions of significant HRleadership in our company, and today wehave a great number of Minnesota grads aspart of our HR function. We have alwaysfound the quality of graduates from theprogram to equal the best of any school in the U.S.”

Bob TreriseVice President, Human ResourcesHewlett-Packard

2008 MA-HRIR class profileEnrolling students . . . . . . . . . . . . . . . . . . . . . . . .72Average undergraduate GPA . . . . . . . . . . . . . .3.4Average age at matriculation . . . . . . . . . . . . . . .25Female students . . . . . . . . . . . . . . . . . . . . . . .64%Minority students as a percentage

of domestic enrollment . . . . . . . . . . . . . . . .30%

Geographic representation

Undergraduate majors

2007 MA-HRIR class profileEnrolling students . . . . . . . . . . . . . . . . . . . . . . . .55Average undergraduate GPA . . . . . . . . . . . . . .3.4Average age at matriculation . . . . . . . . . . . . . . .25Female students . . . . . . . . . . . . . . . . . . . . . . . .58%Minority students as a percentage

of domestic enrollment . . . . . . . . . . . . . . . . .9%

Geographic representation

Undergraduate majors

Minnesota23%Other U.S.

30%

Border states(WI, IA, SD, ND)

17%

International30%

Psychology30%

Other33%

Business andeconomics

29%

Humanresources

8%

Psychology26%Other

32%

Business and economics

35%

Humanresources

7%

Minnesota14%

Other U.S.21% Border states

(WI, IA, SD, ND)7%

International58%

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The brightest students in one of thecountry’s best programs—that’s theCarlson School Undergraduate

program. The program is ranked 13th nationallyand 7th among public universities. Incomingfreshmen rank in the top six percent of theirgraduating classes.

A Carlson School undergraduate has the practi-cal skills and real-life business experience tobecome a corporate asset from day one. Locatedin Minneapolis, one of the nation’s leadingFortune 500 business communities,the CarlsonSchool offers learning opportunities that won’tbe found elsewhere.

> The Emerging Leaders program requires students to complete 15 hours of activity in four areas: leadership, community service,diversity, and career development.

> The Carlson School Ambassadors program gives students the opportunity to represent the school and the University at high-profile events throughout the year.

The Carlson Undergraduate program buildsstrong communication, team, and technologyskills through 12 innovative major programs. Theundergraduate experience is rounded out by par-ticipation in any of 21 student organizations,internship and mentorship opportunities, anhonors program, regular interaction with thebusiness community, study abroad programs,and access to the many other resources of amajor urban university.

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“ Carlson students are second to none when itcomes to being prepared for interviews. The students have a variety of outstandingexperiences ranging from study abroadprograms to excellent internships, and alwayscome prepared to share their stories. We know that when we interview a Carlsonstudent, we are interviewing one of the best and brightest students in the country.”

Amber GordonHuman Resources RepresentativeTarget

“ Carlson School undergraduate students bringan unparalleled combination of classroomlearning and real-world business experienceto their roles at 3M. The students havedemonstrated the ability to deliver creativeand innovative solutions to complexsituations, backed with solid data-drivenbusiness analysis. Additionally, theirwidespread involvement in study abroadprograms has made them better prepared todrive growth in the global markets 3Mserves.”

Nathan MalekManager3M Strategic Business Development

BSB class of 2006Base salary range . . . . . . . . . . .$26,000 – 64,000Mean base salary . . . . . . . . . . . . . . . . . . . .$45,868Recruiting companies . . . . . . . . . . . . . . . . . . .618

Base salary range by function

Humanresources

Marketing/sales

$37,000-47,000

$26,000-52,200

$40,500-58,000

$28,500-64,000

$46,000-56,000

$45,500-50,000

Accounting

Finance

MIS

Actuarialscience

Mean $47,763

Mean $50,331

Mean $46,750

Mean $46,029

Mean $41,322

Mean $41,893

Consulting

Investmentbanking

Supply chain/operations

Generalmanagement

$42,500-60,000

Mean $52,040

$20,000 $30,000 $40,000 $50,000 $60,000 $70,000

Employment by region

Employment by major

Midwest92%

Finance32%

Actuarialscience

1% Entrepreneurship2%

Accounting16%

Generalmanagement

2% Human resources

3%

Marketing30%

MIS8%

Supplychain

5%

Northeast3%West

3%

Internationalbusiness

1%

2005–2006 internshipsMean base wage . . . . . . . . . . . . . . . . .$15.29/hourBase wage range . . . . . . . . . . .$5.00–29.00/hourRecruiting companies . . . . . . . . . . . . . . . . . . .402

$43,000-50,000

Mean $47,154

$36,000-60,000

Mean $54,382

$27,300-48,000

Mean $42,ooo

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BSBB

SB

South1% Midatlantic

1%

2006–2007 undergraduate class profileFall 2006 enrollment . . . . . . . . . . . . . . . . . . .1,773Male students . . . . . . . . . . . . . . . . . . . . . . . . . .53%Female students . . . . . . . . . . . . . . . . . . . . . . . .47%Minority students . . . . . . . . . . . . . . . . . . . . . .14%Average GPA at graduation . . . . . . . . . . . . . . .3.5Average GPA of transfer students . . . . . . . . . .3.7Students with double major . . . . . . . . . . . . . .33%5-year graduation rate . . . . . . . . . . . . . . . . . . 86%

( 29% above national average )Retention rate from freshmen to sophomore year . . . . . . . . . . . . . . . . . . . . . . . 95%Students that study abroad . . . . . . . . . . . . . .45%

Geographic representation

Undergraduate majors

2006 freshman class profileNumber of applicants . . . . . . . . . . . . . . . . . .3,407Admitted students . . . . . . . . . . . . . . . . . . . . . .835

( 24% of applicants )Matriculates . . . . . . . . . . . . . . . . . . . . . . . . . . .420

( 47% of admits )Average high school rank . . . . . . . . . . . . . . .94%

( 52% in top 5% )Average ACT composite score . . . . . . . . . . . .27.6

( top 7% of college-bound seniors )Female students . . . . . . . . . . . . . . . . . . . . . .49.5%Minority students . . . . . . . . . . . . . . . . . . . . . .14%

Minnesota72%

Wisconsin16%Other U.S.

10%International

2%

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BSBB

SB

Entrepreneurship13%

Marketing22%

Accounting15%

Riskmanagement & insurance

3%

Internationalbusiness

5%

MIS5% Supply

chain6%General

management1%

Humanresources &

industrialrelations

3%

Actuarialscience

1%

Finance26%

These employers are among those who recruitand hire Carlson students:

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3MAbbott LaboratoriesAbercrombie & FitchAccentureADCAEGON GroupAerojetAldiAlliant TechsystemsAmerican ExpressAmerican Medical SystemsAmeriprise Financial Andersen CorporationAnheuser-BuschAssociated BankBearingPointBest BuyBoston ScientificBristol-Myers SquibbBuckleC.H. Robinson WorldwideCargillCarlson CompaniesChevronTexacoCisco SystemsCitigroupColgate-PalmoliveConAgraCox CommunicationsCumminsData CorporationDeloitte ConsultingDeloitte & ToucheDiversified Financial

ConceptsDow Jones DuPontEatonEBF & AssociatesEcolabEnterprise Rent-A-CarEpic SystemsErnst & Young

Essilor of AmericaExxonMobilFedExFidelity BankFord Motor CompanyFrito-LayGE Commercial FinanceGeneral ElectricGeneral MillsGMAC RFCGoldman SachsGoodyearGracoGrant ThorntonGuidantHershey FoodsHewlett-PackardHighJump SoftwareHollister CompanyHoneywell Inc.Hormel FoodsHoulihan Lokey Howard

& ZukinIBM CorporationILM Professional ServicesINGIngersoll-RandJeffrey Slocum &AssociatesJohnson & JohnsonJostensKenrich GroupKimberly-ClarkKohlsKPMGKurt SalmonLarson, Allen, Weishair

& CompanyLaSalle BankLawson SoftwareLexmark InternationalLockheed Martin

Lurie Besikof Lapidus& Company

MarshMarshall Field’sMcFee Financial GroupMcGladrey & PullenMcKinsey & CompanyMedtronicMenardMerckMerrill LynchMicrosoftMoore WallaceNational OilwellNavigant ConsultingNeptune Technology

GroupNestle Waters North

AmericaNew Century Mortgage

CorporationNews America MarketingNorth Star ResourceGroupNorthrop GrummanNorthwest AirlinesNorthwestern Mutual OakRiver TechnologyOlsen Thielen & CompanyPepsi Bottling GroupPfizerPhilip Morris USAPiper JaffrayPolaris IndustriesPricewaterhouseCoopersProcter & GambleProgressive InsuranceProtivitiPulte HomesRaytheonRBC Dain RauscherRSM McGladreyRyan, Hodgins &

Associates CPAsSchechter Dokken Kanter

Andrews & SelcerScientific Atlanta

SecurianSelect ComfortShell OilSPX CorporationSt. Paul TravelersState FarmStock Building SupplyStryker Micro ImplantsSun Life FinancialSUPERVALUSwift TransportationTarget Thomas Industrial

NetworkThomson CorporationToroTransport AmericaTyco InternationalUnitedHealth GroupUniversal DataUS BancorpU.S. Department of the

TreasuryU.S. Securities and

Exchange CommissionVirchow, Krause &

CompanyWachovia WalgreensWal-Mart Watson Wyatt WorldwideWells FargoWest, a Thomson businessWhirlpool WipfliZimmer Spine

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