MBA 20 EMployMEnt rEport - Michigan Ross...who sponsor action-based learning projects, hire interns,...

2013

MBAEMployMEnt rEport

2013

Welcome ::At the Ross School of Business, our mission is to develop

leaders who make a positive difference in the world — the type

of people with the vision and drive that organizations need to

chart the unnavigated waters of today’s business environment.

We emphasize positive business practices; a boundaryless

approach to problem solving; analytic rigor as the foundation

for decision making; and action-based learning to bridge the

gap between theory and practice. These qualities uniquely

prepare our graduates to meet the challenges that lie ahead.

The Ross experience is transformational. It is a journey that

will enable you to develop the deep knowledge to understand

the most challenging business problems of our time. And it

will push you to develop the leadership skills to achieve

ambitious goals while collaborating effectively with people

of all backgrounds and perspectives.

The strong and diverse portfolio of national and global

recruiters who come to Ross repeatedly tell us that Ross

graduates stand out. Our action-based approach to education

means you emerge with the practical-world insight to imme-

diately deliver value in any work setting. And being at the

University of Michigan, a world-renowned institution across

academic disciplines, you are positioned to develop the

cross-disciplinary perspective and boundary-breaking

approach to thinking required for success in business today.

At Ross, we challenge you to go beyond conventional wisdom,

ask the most important questions, and solve the pressing

challenges facing business and society today. We look forward

to supporting you throughout your journey, and to helping

you pursue the unique goals and aspirations that formed the

basis for why you chose to join the Ross community.

Sincerely,

Alison Davis-BlakeEdward J. Frey Dean Stephen M. Ross Professor of Business

Damian ZikakisDirector of Career Services

Contents

Ross MBAs in Demand

The Career Search

Exercise Your Options

MBA Graduates 6 Graduate Overview 8 Acceptances by Function 10 Acceptances by Industry 12 Acceptances by Region

MBA Interns 13 Interns Overview 14 Acceptances by Function 15 Acceptances by Industry & Region

Recruiting & Hiring Companies 2013

245

13

16

6

Ross MBAs in Demand ::Employers always find exceptional management talent at Ross. They appreciate how action-based learning prepares

our students to lead organizations by blending practicality and vision.

In keeping with the school’s broad-based management curriculum, Ross MBAs enjoy access to a multifaceted array

of companies and industries. This allows for growth and adaptation in the job search as students progress through their

education. Ross maintains close working relationships with a variety of firms populated by thousands of our alumni

who sponsor action-based learning projects, hire interns, and recruit our students.

As a result, Ross graduates enjoy incredible freedom to map their own career paths to just about any function, industry,

or location they desire. Our employment statistics reflect the diverse interests and professional goals of Ross MBAs. Our

students pursue everything from finance and sustainability, to high-tech and healthcare.

Opportunities continue to expand, as the staff in Career Services extends their reach to create new contacts among our vast

network of corporate partners and alumni. Our full-time staff consultants, 50 peer coaches, and recruiting and outreach

staff have leveraged resources to counsel and educate students on how to pursue a wide range of job opportunities — ensuring

that, no matter the economic conditions, Ross students can continue to demonstrate their value to employers.

2 R O S S M B A s I n D E M A n D

3R O S S M B A s I n D E M A n D

The Career Search ::Your partnership with Career Services equips you with the skills to successfully utilize the on-campus recruiting process or conduct an off-campus career search. About 68% of our students choose to pursue their career search through on-campus recruiting. Career Services facilitates more than 250 corporate-sponsored events each year, through which you can learn about the industries and recruiters you may be targeting for your career search. For the Class of 2013, over 100 companies recruited on campus, more than 2,200 interviews were conducted, and more than 170 job postings were available.

Students who choose to conduct an off-campus search also achieve outstanding results. Networking via the 45,000-strong Ross alumni database has proven to be a key resource in off-campus searches. Students who opt for the off-campus approach usually fall into one of the following areas:

• Looking for a career in the nonprofit sector• Planning to start a business• More experienced and looking for a higher-level position than what is available through on-campus recruiting

• Looking for a very specific, nontraditional position in a targeted location

Whichever career search strategy you choose, Career Services prepares you for a lifetime of success. As a Ross alum, you have additional career services available to you as your professional goals and priorities evolve.

Position Source :: Class of 2013 (Percent of class)

On-campus/School-facilitated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67.5%Returning to On-campus/School-facilitated Internship . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.7%On-campus Recruiting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.2%Other School-facilitated (posting, alumni/faculty networking, etc.) . . . . . . . . . . . . . . . . . . . . . 5.6%

Off-campus/Direct Contact . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.9%Direct Contact . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.4%Returning to Off-campus/Direct Contact Internship . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.9%Other Off-campus contact (personal networking, other job postings, etc.) . . . . . . . . . . . . . . . 4.5%Remaining with Pre-Ross employer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.2%Starting/Buying Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.9%

Not Reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.6%

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .100%

4 T h E CA R E E R S E A R C h

5

Exercise Your Options ::Once you arrive at Ross, you’ll be afforded a full range of career search services from Career Services. You’ll receive timely and valuable information on various aspects of the recruiting process as you undertake everything from an initial self-assessment to final salary negotiation.

Career servicesCareer searCh ProCessThe Ross Career Search Timeline helps coordinate the fast-paced career search process. We offer a list of recommended tasks and resources to guide you through each step of the job search process.

Career ConsULtInGThe career consulting staff and MBA peer coaches provide résumé reviews, search strategies, mock interviews, workshops, and more.

reCrUItInG anD oUtreaChThe recruiting and outreach staff manages recruiting events, job postings, and the on-campus bidding process.

networkInG hoUrsNetworking hours allow Michigan Ross students to network with recruiters during the day following a corporate presentation or recruiting event.

oPen IntervIew oPPortUnItIesStudents can secure a slot for on-campus interviews through direct company invitation (closed-list invite) or the bidding process. Ross is one of the few schools that is able to maintain open bidding slots on behalf of students (a testament to our good relationship with recruiters).

InternatIonaL stUDent resoUrCesCareer Services works hard to meet the unique needs of international students. The Ross School offers a course to address cross-cultural communication and working in a new environment. This generally prepares international students to secure curricular practical training (CPT) authorization, which allows them to pursue summer internship employment in the United States.

toolsCareerLeaDerCareerLeader is an online self-assessment tool that provides a personal profile of professional strengths and interests. It is free for Ross students.

kresGe BUsIness aDmInIstratIon LIBraryKresge Library’s numerous databases provide essential information to research and target employers. Career Services offers several other career-related sites and publications.

People and eventsstUDent CLUBs anD orGanIzatIonsStudents often use clubs to access peer support when it comes to recruiting, mock interviewing, and networking. In addition, more than 70 student clubs, events, outings, and annual conferences bring alumni, executives, and potential employers to campus.

new york anD west Coast ForUmsEach fall, students interested careers in financial services, high-tech, sustainability, and emerging markets organize forums in New York and the San Francisco Bay area.

aLUmnI networkYou will have access to a network of some 45,000 Ross alumni whom you can leverage to find employment. Search the alumni database by name, region, industry, function, and more. Additionally, the University of Michigan alumni network includes nearly half a million members worldwide.

E x E R C I S E YO U R O P T I O n S

M B A C l A S S O F 2 01 3 // g R A D UAT E S6

mba

13MBA ClASS oF 2013

//GrADUAtES

top hiring CompaniesDeloitte ................................................................................ 25Amazon ................................................................................ 23Accenture Ltd. .................................................................... 19McKinsey & Co. ...................................................................17The Boston Consulting Group ..........................................12Citi .........................................................................................12Bain & Co. Inc. .......................................................................8Microsoft Corp. .....................................................................8Cisco Systems Inc. ................................................................ 7EY ........................................................................................... 7

Kraft Foods Inc. ..................................................................... 7PwC ........................................................................................6Sears Holdings Corp.............................................................6Booz & Company Inc. .......................................................... 5General Mills Inc. .................................................................. 5JPMorgan Chase & Co. ....................................................... 5Target Corp. .......................................................................... 5A.T. Kearney Inc. ...................................................................4Apple Inc. ...............................................................................4Dell Inc. ..................................................................................4

toP reasons For aCCePtInG a PosItIon

Positioning for Future .................26.6%Intellectual Challenge.................. 15.7%Geographic Location ...................14.4%Financial Gain ................................. 9.1%Lifestyle ............................................6.6%Variety of Responsibilities ............6.6%Prestige ............................................6.5%Affiliation with Colleagues ...........4.2%Recognition ..................................... 1.9%Other.................................................8.4%

This report conforms to the MBA Career Services & Employer Alliance Standards for Reporting MBA Employment Statistics.

7M B A C l A s s o f 2 01 3 // g r A d uAt e s

mba

13Graduates seeking employment

U.S. Citizens/ Permanent Residents Foreign Nationals Total Graduating Class

Seeking Employment . . . . . . . . . . . . . . . . . . . . . . . . 61.7% 316 26.4% 135 88.1% 451Returning to Internship Employer . . . . . . . . . . . 26.0% 133 9.4% 48 35.4% 181Seeking New Employment . . . . . . . . . . . . . . . . . 35.7% 183 17.0% 87 52.7% 270

Not Seeking Employment . . . . . . . . . . . . . . . . . . . . 4.7% 24 1.6% 8 6.3% 32Continuing Education . . . . . . . . . . . . . . . . . . . . . 0.2% 1 0.0% 0 0.2% 1Not currently seeking employment . . . . . . . . . 1.0% 5 0.0% 0 1.0% 5Sponsored Student/Already Employed . . . . . . 2.1% 11 1.4% 7 3.5% 18Starting/Buying Company . . . . . . . . . . . . . . . . . 1.4% 7 0.2% 1 1.6% 8

No Information Available . . . . . . . . . . . . . . . . . . . . . 3.3% 17 2.3% 12 5.6% 29Total Graduates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69.7% 357 30.3% 155 100.0% 512

timing of Job offers

Received First Offer Received First Offer Within by Graduation 3 Months of Graduation

U.S. Citizens/Permanent Residents ............................................................................ 88.6% 91.1%Foreign Nationals ........................................................................................................... 77.0% 83.0%Total................................................................................................................................... 85.1% 88.7%

timing of Job acceptances

Accepted Offer Accepted Offer Within by Graduation 3 Months of Graduation

U.S. Citizens/Permanent Residents ............................................................................ 79.4% 88.9%Foreign Nationals ........................................................................................................... 69.6% 78.5%Total................................................................................................................................... 76.7% 85.8%

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M B A C l A s s o f 2 01 3 // g r A d uAt e s

MBA graduate Acceptances by Function

the meDIan Base saLary For mBa GraDUates was $112,000.

2013 Detailed Compensation Information (96% of accepted offers included useable function salary data.)

Other Guaranteed Base Salary Signing Bonus Compensation

% of % of % of Function Reported Median Mean Range Reported Median Reported Median

Consulting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36.5% $135,000 $125,521 $71,000-$150,000 92.9% $25,000 60.0% $27,413Strategy Consulting . . . . . . . . . . . . . . . . . . 27.6% $135,000 $127,528 $75,000-$150,000 96.2% $25,000 67.9% $27,413Internal Consulting . . . . . . . . . . . . . . . . . . 3.4% $110,000 $105,952 $80,000-$125,000 69.2% $20,000 69.2% $10,000General Consulting . . . . . . . . . . . . . . . . . . 2.9% $135,000 $124,155 $71,000-$139,700 81.8% $35,000 27.3% $53,000Information Technology/System . . . . . . . 1.3% $135,000 $134,000 $130,000-$135,000 100.0% $35,000 60.0% $50,000Operations/Process Consulting . . . . . . . 1.3% $125,000 $128,400 $122,000-$135,000 100.0% $35,000 20.0% $60,000

Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.1% $100,000 $104,146 $65,000-$168,000 87% $35,000 46.8% $10,000Corporate Finance . . . . . . . . . . . . . . . . . . . 7.0% $105,000 $108,230 $99,300-$130,000 88.9% $25,000 66.7% $9,077Investment Banking . . . . . . . . . . . . . . . . . . 6.8% $100,000 $101,923 $65,000-$125,000 96.2% $45,000 34.6% $40,000Other Finance . . . . . . . . . . . . . . . . . . . . . . . 6.3% $100,000 $101,958 $70,000-$168,000 75.0% $25,000 37.5% $20,000

Marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.9% $101,000 $103,217 $25,000-$135,000 87.0% $21,500 56.5% $10,000Product Management . . . . . . . . . . . . . . . . 14.3% $101,000 $103,655 $25,000-$135,000 89.1% $25,000 47.3% $10,000General Marketing . . . . . . . . . . . . . . . . . . . 1.6% $103,500 $104,500 $95,000-$120,000 83.3% $20,000 100.0% $9,800Marketing — Sales/Retail/Other . . . . . . . 2.0% $100,000 $99,250 $85,000-$120,000 75.0% $25,000 87.5% $21,500

General Management . . . . . . . . . . . . . . . . . . . 8.3% $105,000 $108,153 $87,400-$135,000 93.8% $21,000 56.3% $13,500Operations/Engineering Management . . . . 3.4% $115,000 $109,969 $75,000-$135,000 92.3% $23,500 46.2% $11,250Strategic Planning . . . . . . . . . . . . . . . . . . . . . . 2.9% $100,000 $97,727 $80,000-$115,000 81.8% $20,000 72.7% $20,000Other* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.9% $100,000 $97,727 $15,000-$126,000 69.0% $15,000 38.1% $14,000

*Other includes Supply Chain Management - 2.3%, E-Commerce - 1.6%, and HR Management - 1.6%.

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2011–13 Comparison (Percent of reported)

Consulting Finance General Management

Marketing Operations/ Engineering

Management

Strategic Planning

Other

2011

2012

2013

8.55.9

10.9

2011

2012

2013

3 4.4 2.9

2011

2012

2013

1.8 2.5 3.4

2011

2012

2013

22.3 21.417.9

2011

2012

2013

8.6 8.8 8.3

2011

2012

2013

21.718.9 20.1

2011

2012

2013

34.138.1 36.5

2013 Function Distribution (Percent of reported)

Strategic Planning2.9%

Operations/Engineering Management3.4%

Marketing17.9%

Other10.9%

General Management

8.3%

Finance20.1%

Consulting36.5%

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MBA graduate Acceptances by Industry

2013 Detailed Compensation Information (96% of accepted offers included useable industry salary data.)


% of % of % of Industry Reported Median Mean Range Reported Median Reported Median

Service ................................................................ 75.3% $115,000 $113,775 $15,000-$168,000 87.9% $25,000 53.6% $20,000Consulting .................................................... 32.8% $135,000 $127,626 $75,000-$150,000 96.0% $25,000 63.5% $30,000Technology/Telecom Services.................. 14.3% $115,000 $112,068 $25,000-$135,000 89.1% $25,000 47.3% $15,250Financial Services ....................................... 12% $100,000 $99,041 $65,000-$125,000 84.8% $30,400 37% $20,000Investment Banking ................................... 5.2% $100,000 $101,800 $72,000-$168,000 90.0% $40,000 50.0% $20,000Retail ............................................................. 3.6% $108,500 $107,857 $75,000-$118,000 92.9% $20,000 57.1% $9,000Transportation ............................................. 1.6% $100,000 $101,100 $93,000-$120,000 100.0% $17,500 83.3% $15,600Real Estate ................................................... 1.0% $75,000 $73,000 $60,000-$82,000 50.0% $6,500 100.0% $24,700Other Services ............................................. 4.8% $98,900 $90,878 $15,000-$125,000 33.3% $15,834 27.8% $12,000

Manufacturing................................................... 24.7% $101,000 $104,246 $70,000-$135,000 87.4% $20,000 58.9% $10,000Consumer Goods........................................ 9.4% $100,000 $98,833 $85,000-$115,000 91.7% $20,000 55.6% $9,575Energy/Raw Materials ............................... 4.4% $108,000 $110,765 $71,000-$130,000 70.6% $17,500 58.8% $15,750Computers/Electronic Products .............. 3.4% $101,000 $109,562 $95,000-$135,000 84.6% $20,000 61.5% $7,680Pharmaceutical/Healthcare Products .... 2.9% $107,000 $106,091 $93,000-$120,000 100.0% $20,000 63.6% $11,000Diversified Manufacturing ........................ 2.1% $103,893 $104,770 $100,000-$116,000 100.0% $17,500 75.0% $9,208Other Manufacturing ................................. 2.5% $105,500 $103,291 $70,000-$119,200 80.0% $21,000 50.0% $9,153

9.5 11 9.4

2011

2012

2013

2011

2012

2013


Computers/Electronic Products

Consulting Consumer Goods

Diversified Manufacturing

Energy/Raw Materials

FinancialServices

Pharmaceutical/Healthcare Products

2011

2012

2013

27.631.9 32.8

2011

2012

2013

9.87.4

12

2011

2012

2013

2011

2012

2013

2011

2012

2013

4.72.7 4.43.6 2.7 3.4 2.92.1 2.51.6 2.42.4

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2013 Industry Distribution (Percent of reported)

Transportation1.6%

Technology/TelecomServices

14.3%

Other Manufacturing2.5%

Consulting32.8%

Consumer Goods9.4%

Financial Services12%

Retail3.6%

Diversified Manufacturing2.1%

Other Services4.8%

Investment Banking5.2%

Computers/Electronic Products3.4%

Energy/Raw Materials4.4%

Real Estate1%

Pharmaceutical/Healthcare Products2.9%

Technology/Telecom Services

InvestmentBanking

Retail Other Manufacturing

Other Services

1114.8 14.3

2.23.3 3.6 4.7 4.84.72.5

2011

2012

2013

2011

2012

2013

2011

2012

2013

2011

2012

2013

2011

2012

2013

6.7 6.27.45.5 5.2

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MBA graduate Acceptances by Region

2013 Detailed Compensation Information


% of % of % of Region Reported Median Mean Range Reported Median Reported Median

Midwest ............................................................. 32.6% $112,000 $113,519 $70,000-$150,000 92.8% $24,000 59.2% $12,000Chicago, IL .................................................. 19.5% $120,000 $119,160 $85,000-$150,000 96% $25,000 61.3% $15,000Detroit, MI .................................................. 6.0% $107,000 $108,770 $70,000-$140,000 82.6% $18,000 60.9% $12,000Minneapolis/St. Paul, MN ........................ 4.2% $104,686 $103,197 $87,000-$110,000 100.0% $25,000 56.3% $10,000Other ............................................................ 2.9% $100,000 $100,000 $90,000-$110,000 81.8% $20,000 18.2% $8,900

West ................................................................... 22.9% $115,000 $115,364 $70,000-$135,000 85.2% $25,000 52.3% $15,000San Franciso, CA ........................................ 11.7% $120,000 $115,622 $70,000-$135,000 80.0% $20,000 24.4% $16,500Seattle, WA ................................................. 8.6% $115,000 $116,939 $87,000-$110,000 100.0% $30,000 42.4% $20,000Los Angeles, CA ........................................ 1.0% $115,000 $111,250 $80,000-$135,000 25.0% $40,000 25.0% $7,500Other ............................................................ 1.6% $107,500 $107,500 $75,000-$135,000 83.3% $20,000 33.3% $5,500

Northeast .......................................................... 20.6% $100,000 $107,841 $72,000-$140,000 91.1% $30,000 48.1% $12,338NY Metro .................................................... 18.5% $102,500 $106,827 $72,000-$140,000 60.1% $30,000 42.9% $9,000Boston, MA ................................................. 1.8% $135,000 $121,386 $75,000-$139,700 100.0% $22,500 57.1% $18,088Other ............................................................ 0.3% — — — — — — —

Southwest ......................................................... 6.0% $100,000 $110,304 $71,000-$140,000 87.0% $25,000 56.5% $10,200Mid-Atlantic ...................................................... 3.6% $120,000 $115,214 $60,000-$135,000 85.7% $35,000 21.4% $55,194South ................................................................. 3.1% $102,500 $108,583 $70,000-$135,000 75.0% $25,000 33.3% $42,500International ..................................................... 11.2% $108,252 $103,952 $15,000-$168,000 76.7% $26,000 76.7% $28,826

Asia ............................................................... 3.6% $109,126 $107,211 $70,000-$135,895 92.9% $24,708 71.4% $26,637South America ........................................... 3.6% $110,000 $113,286 $87,400-$168,000 85.7% $30,200 92.9% $27,000Europe - Free Trade Area Countries ..... 1.0% $111,000 $91,000 $25,000-$117,000 75.0% $26,000 75.0% $48,000Other ............................................................ 2.9% $100,000 $92,636 $15,000-$150,000 45.5% $30,000 0.0% —

50% oF ross mBas aCCePteD PosItIons In the ChICaGo, new york, or san FranCIsCo metro areas.

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13M B A C l A s s o f 2 014 // I N T E R N s

top hiring CompaniesDeloitte .................................................................................17Amazon .................................................................................13Citi .........................................................................................12McKinsey & Co. ...................................................................12Accenture Ltd. .................................................................... 10Microsoft Corp. ................................................................... 10Cisco Systems Inc. ................................................................9Dell Inc. ..................................................................................9Kraft Foods Inc. .....................................................................9Booz & Co. Inc. .....................................................................8The Boston Consulting Group ...........................................8Cummins Inc. ........................................................................ 7Google Inc. ............................................................................ 7

PepsiCo Inc. ........................................................................... 7PwC ........................................................................................6Wells Fargo & Co. .................................................................6A.T. Kearney Inc. ................................................................... 5Bain & Co. Inc. ....................................................................... 5The Dow Chemical Co. ....................................................... 5Ford Motor Co. ..................................................................... 5General Mills Inc. .................................................................. 5General Motors Corp. .......................................................... 5Johnson & Johnson .............................................................. 5The Procter & Gamble Co. ................................................. 5Sears Holdings Corp............................................................. 5Wal-Mart Stores Inc. ............................................................. 5

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toP reasons For aCCePtInG a PosItIon

Positioning for Future .................28.3%Intellectual Challenge.................. 18.6%Geographic Location ................... 12.2%Prestige ............................................9.2%Variety of Responsibilities ............5.8%Financial Gain .................................5.0%Lifestyle ............................................4.8%Recognition .....................................4.5%Affiliation with Colleagues ........... 3.3%Other.................................................8.3%

MBA ClASS oF 2014

//IntErnS

This report conforms to the MBA Career Services & Employer Alliance Standards for Reporting MBA Employment Statistics.

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M B A C l A s s o f 2 014 // I n t e r n s

acceptances by Function

Median Base Salary Mean Base Salary Base Salary Range Function % of Reported (Annualized) (Annualized) (Annualized)

Marketing ................................................................ 28.0% $81,432 $79,987 $14,400-$119,600General Marketing ........................................... 14.5% $82,394 $80,418 $14,400-$119,600Product Management ..................................... 7.3% $83,198 $81,777 $48,000-$102,000Other Marketing............................................... 6.2% $78,000 $76,894 $38,760-$104,000

Consulting ............................................................... 26.9% $132,000 $112,406 $10,400-$140,400Strategy Consulting ......................................... 13.7% $135,000 $121,857 $16,250-$140,400General Consulting .......................................... 6.2% $132,000 $119,056 $52,000-$135,000Other Consulting ............................................. 7.0% $88,400 $87,942 $10,400-$136,800

Finance .................................................................... 18.4% $98,400 $89,835 $36,000-$126,000Corporate Finance ........................................... 7.5% $84,000 $84,052 $36,000-$124,200Investment Management ............................... 6.0% $99,996 $100,434 $90,000-$109,200Other Finance* ................................................. 4.9% $90,000 $85,832 $52,000-$126,000

General Management .......................................... 6.7% $90,000 $84,469 $31,200-$130,000Strategic Planning ................................................. 6.0% $96,000 $89,720 $19,200-$119,600Operations/Engineering Management ............ 3.6% $80,600 $80,368 $65,000-$96,000Other........................................................................ 10.4% $82,400 $77,308 $32,160-$108,160

Supply Chain Management ........................... 2.1% $84,680 $84,685 $78,960-$89,960Entrepreneur ..................................................... 1.6% $62,400 $57,560 $41,166-$65,000Human Resource Management .................... 1.6% $90,798 $90,253 $71,760-$108,160E-commerce ...................................................... 1.3% $96,000 $96,602 $92,304-$104,000Sustainability/Environment ............................ 1.0% $62,500 $61,190 $32,160-$87,600Other** ............................................................... 2.8% $78,000 $72,744 $43,333-$96,000

*Other Finance includes Equity Research - 0.8% and Commercial Banking - 0.5%** Other includes Emerging Markets - 0.8%, Real Estate - 0.8%, Social Entrepreneurship - 0.3%, etc.Note: Eleven students chose to participate in uncompensated internships or for stipends under $10,000 (annualized).

ross mBa’s InterneD wIth over 180 DIFFerent ComPanIes aCross 33 InDUstrIes.

MBA Intern Acceptances by Function

mba

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15M B A C l A s s o f 2 014 // I N T E R N s

Intern Acceptances by Industry & Region

acceptances by Industry

Median Base Salary Mean Base Salary Base Salary Range Industry % of Reported (Annualized) (Annualized) (Annualized)

Service ..................................................................... 64.5% $98,400 $96,755 $10,400-$140,400Consulting.......................................................... 20.7% $134,420 $123,656 $10,400-$140,400Technology/Telecom Services ....................... 12.4% $96,000 $90,100 $14,400-$130,000Financial Services ............................................. 10.6% $99,996 $88,896 $43,333-$108,160Investment Banking ......................................... 5.2% $99,996 $94,438 $50,004-$126,000Retail ................................................................... 4.9% $78,000 $79,905 $32,160-$119,600Healthcare ......................................................... 1.3% $85,800 $78,242 $45,500-$101,920Real Estate ......................................................... 1.0% $77,500 $76,630 $60,000-$91,520Transportation ................................................... 1.0% $84,000 $83,739 $76,956-$90,000Other Services .................................................. 7.4% $63,700 $63,940 $24,000-$96,000

Manufacturing........................................................ 35.5% $83,076 $80,966 $14,664-$124,200Consumer Goods ............................................. 12.4% $81,802 $80,609 $28,800-$97,992Pharmaceutical/Healthcare Products .......... 6.2% $83,200 $77,662 $14,664-$104,000Energy/Raw Materials ..................................... 3.9% $88,536 $90,769 $65,000-$124,200Automotive ....................................................... 3.9% $78,000 $78,295 $64,480-$91,000Computers/Electronic Products .................... 4.7% $71,520 $80,143 $62,400-$119,600Diversified Manufacturing .............................. 1.8% $88,400 $81,365 $41,600-$102,000Other Manufacturing ...................................... 2.6% $86,400 $81,120 $36,000-$90,000

acceptances by region

Median Base Salary Mean Base Salary Base Salary Range Region % of Reported (Annualized) (Annualized) (Annualized)

Midwest ................................................................... 38.1% $88,400 $93,936 $24,000-$140,400West ......................................................................... 19.9% $96,000 $89,076 $28,800-$138,000Northeast ................................................................ 18.1% $99,996 $98,394 $14,400-$135,200Southwest ............................................................... 7.5% $78,000 $85,134 $60,000-$138,000South ....................................................................... 4.9% $86,400 $87,773 $60,000-$135,000Mid-Atlantic ............................................................ 2.8% $85,488 $80,805 $19,200-$135,200International ........................................................... 8.7% $72,000 $78,907 $10,400-$135,000

Asia ..................................................................... 5.2% $77,073 $76,816 $10,400-$135,000South America .................................................. 1.6% $88,000 $89,333 $60,000-$120,000Other .................................................................. 1.9% $60,000 $75,944 $16,250-$132,000

16 2 01 3 R e c R u i t i n g & h i R i n g c o m pa n i e s

Company Full-time Intern Company Full-time Intern

2013 rECrUItInG & hIrInG CoMpAnIES

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3M Co. • •

Abbott • •

Abbott Nutrition •

Accenture Ltd. • •

Acro Service Corp. •

Agora Partnerships •

ALARGAN International Real Estate Co. •

Alcoa Inc. •

The Alexander Group Inc. •

Alidade Capital LLC •

AlixPartners LLP •

Alticor Inc. •

Amazon • •

American Airlines Inc. • •

American Express Co. • •

American Family Insurance •

Amgen Inc. • •

Ann Arbor Spark •

Apple Inc. • •

Arboretum Ventures •

ArborMetrix •

AREA Property Partners •

A.T. Kearney Inc. • •

Athenahealth Inc. •

172 01 3 R e c R u i t i n g & h i R i n g c o m pa n i e s

rec

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it

AT&T Inc. • •

Autodesk Inc. •

Bain & Co. Inc. • •

Banchile •

Bank of America - Merrill Lynch Inc. • •

The Bank of Tokyo - Mitsubishi UFJ, Ltd •

Barclays • •

BASF • •

Baxter International Inc. •

Bay Energy •

BAYER AG •

Becton, Dickinson and Company •

Bimbo Bakeries USA •

BizCorps •

The Boeing Co. • •

Booz & Company Inc. • •

BorgWarner Automotive Inc. •

The Boston Consulting Group • •

Brightstar Corp. •

Bristol-Myers Squibb •

The Cambridge Group • •

Capgemini US LLC •

Capital One Financial Corp. •

Cargill Inc. •

Catalyst Mutual Funds •

Celanese Corp •

Cencosud S.A. •

Challenge Detroit •

The Chartis Group LLC •

Chat Sports •

Chevron Corp. •

China CITIC Bank •

China-ASEAN Capital Advisory Co. Ltd. •

Chrysler Group LLC • •

Circle Graphics •

Cisco Systems Inc. • •

Citi • •

The Clorox Co. • •

CommonBond •

ConAgra Foods Inc. • •

Cooper Industries Inc. • •

Credit Suisse Group •

Cummins Inc. • •

CVS Caremark Corp. •

Cymer Inc. •

The Dannon Co. Inc. •

DaVita Inc. • •

Dell Inc. • •

Deloitte • •

Delphi Corp. •

Delta Air Lines Inc. • •

Detroit Venture Partners LLC •

Deutsch Family Wine & Spirits •

Deutsche Bank AG •

DISH Network LLC •

The Dow Chemical Co. • •

Dow Corning Corp. •

E & J Gallo Winery •

E .I. du Pont de Nemours and Co. • •

Eaton Corp. •

eBay Inc. • •

Ecolab Inc. • •

Edgeview Partners LP •

Education Pioneers •


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Electronic Arts Inc. •

Eli Lilly & Co. • •

Emerson • •

EnerNOC Inc. •

Engrade •

Environmental Defense Fund •

Equity Residential •

EY • •

ESF Summer Camps •

Exelon Corp. •

Exxon Mobil Corp. •

F. Hoffmann-La Roche Ltd. •

Fidelity Investments •

Fiserv Inc. •

FMC Corp. •

Ford Motor Co. • •

Four Seasons Hotels Inc. •

The Frankel Group Inc. •

Gaikai-Sony •

Gallup Consulting •

General Electric Co. •

General Mills Inc. • •

General Motors Corp. • •

GfK Bridgehead •

GlaxoSmithKline plc • •

Global Entrepreneurship Program Indonesia •

Goldman Sachs Group Inc. • •

Google Inc. • •

Grainger •

Grameen Foundation •

Grassroots Business Fund •

Groupon Inc. •

Grupo Gloria •

Hewlett-Packard Co. • •

Hillenbrand Industries Inc. •

H&M •

Honest Tea •

Houlihan Lokey •

Humana Inc. •

Huron Consulting Group Inc. •

HY Enterprises LLC •

IBM Global Business Services • •

Intel Corp. • •

International Lease Finance Corp. •

Itaú Unibanco •

Jefferies & Co. Inc. • •

Johnson & Johnson • •

Johnson Controls Inc. •

JPMorgan Chase & Co. • •

Kaiser Permanente •

Kalahari Resorts •

Keller Enterprises LLC •

Kimberly-Clark Corp. • •

Kohlberg Kravis Roberts & Co. LP • •

Korea Life Insurance Co. •

KPMG LLP •

Kraft Foods Inc. • •

LAN Airlines S.A. •

Land O’Lakes Inc •

LATAM Airlines Group (LAN/TAM) •

Lazard Ltd. • •

LearnZillion Inc. •

Liberty Lane Partners •

Liberty Mutual Group • •


rec

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it

Limited Brands Inc. •

LinkedIn Corp. •

Livefyre •

Loomis, Sayles & Co. LP •

Macquarie Capital •

Mars North America •

Masco Corp. •

Mattel Inc. •

McCord Development Inc. •

McGraw Hill Financial •

McKinsey & Co. • •

McMaster-Carr •

Medtronic Inc. • •

Merck & Co. Inc. •

Microsoft Corp. • •

Miller Buckfire & Co. LLC •

MillerCoors LLC • •

Mission Throttle •

Morgan Stanley •

M&T Bank Corp. •

My City Way •

Mytonomy •

NanoSatisfi •

National Biochemicals Corp. •

National Grid Transco plc •

The Natural Capital Project •

Nestlé • •

New World Systems Corp. •

Northwestern University-Kellogg

School of Management •

Numerix Corp. •

NVIDIA Corp. •

Opower •

Organica Water Inc. •

Ortiz Industry •

Pacific Gas & Electric Co. • •

PATH (Program for Appropriate

Technology in Health) •

Paypal Inc. • •

The Pembina Institute •

PepsiCo Inc. • •

PETCO Animal Supplies Stores •

Pfizer Inc. •

The Procter & Gamble Co. •

ProQuest Co. •

PwC • •

RBC Financial Group • •

Reckitt Benckiser Group PLC •

REDICO Inc. •

Revlon Inc. •

Ricardo Strategic Consulting •

Riot Games Inc. •

Rivalries Unlimited LLC •

Robert W. Baird & Co. Inc. •

Roberts Enterprise Development Fund •

Rocket Internet •

Rocky Mountain Institute •

Roland Berger Strategy Consultants •

Roll Global •

Root Inc. •

Rosetta •

Rothschild Inc. • •

Royal Philips Electronics •

R&R Consulting •


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R.W. Baird & Co. •

Salsify •

Samsung Economic Research Institute •

Samsung Global Strategy Group •

Samsung Life Insurance Co. •

Scenaria, A Member of the AVL Group •

Scientia Advisors LLC •

Sears Holdings Corp. • •

Simon-Kucher & Partners •

SiteGround.com Inc. •

Southern California Edison •

Sprint •

Square Enix Co. Ltd. •

St. Jude Medical Inc. •

Stage2 Innovations •

Standard Bank Group •

Stryker Corp. •

SunEdison LLC •

SunRun Inc. •

SunTrust Banks Inc. •

The SWI Group •

Symantec Corp. •

T. Rowe Price Associates Inc. •

Target Corp. • •

Tata Group • •

The Taubman Co. •

TD Bank Financial Group •

Techstars •

TellApart •

TIAA-CREF •

TMG Capital •

Toyota Motor Corp. •

Treacy & Co. •

TriNet HR Inc. •

Triumph Motorcycles •

UBS •

Unilever • •

United Airlines Inc. • •

Unitus Impact Fund •

University of Michigan •

UNUM Corp. •

U.S. Department of State •

US Renewables Group LLC •

Verizon •

Village Green Cos. •

Walgreen Co. • •

Wal-Mart Stores Inc. • •

Wello Water •

Wells Fargo & Co. • •

Western & Southern Financial Group •

Whirlpool Corp. •

William Blair & Co. LLC • •

Xian-Janssen Pharmaceutical Ltd. •

YUM! Brands Inc. •

Zimmer Inc. •

ZS Associates •

the regents of the University of michiganMark J. BernsteinJulia Donovan DarlowLaurence B. DeitchShauna Ryder DiggsDenise IlitchAndrea Fischer NewmanAndrew C. RichnerKatherine E. WhiteMary Sue Coleman (ex officio)

University of michigan nondiscrimination Policy noticeThe University of Michigan, as an equal opportunity/affirmative action employer, complies with all applicable federal and state laws regarding nondiscrimination and affirmative action. The University of Michigan is committed to a policy of equal opportunity for all persons and does not discriminate on the basis of race, color, national origin, age, marital status, sex, sexual orientation, gender identity, gender expression, disability, religion, height, weight, or veteran status in employment, educational programs and activities, and admissions. Inquiries or complaints may be addressed to the Senior Director for Institutional Equity, and Title IX/Section 504/ADA Coordinator, Office of Institutional Equity, 2072 Administrative Services Building, Ann Arbor, Michigan 48109-1432, 734-763-0235, TTY 734-647-1388. For other University of Michigan information call 734-764-1817.

© 2013 The Stephen M. Ross School of Business at the University of Michigan

www.bus.umich.edu

Career ServicesStephen M. Ross School of BusinessUniversity of Michigan701 Tappan St.Ann Arbor, MI 48109-1234734-764-1372rossrecruiterrelations@umich.eduwww.bus.umich.edu

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