Survey on Investment Banking

GRADUATING STUDENT SURVEY

2010 Survey Results

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MIT Global Education and Career Development (GECD) is pleased to provide the results of the MIT Class of 2010 Graduating Student Survey, providing information about the immediate post-graduation plans of all MIT baccalaureate and master’s degree graduates from the Class of 2010. The 2010 Doctoral Student Exit Survey collects doctoral graduate employment data and the report is located at http://web.mit.edu/ir/surveys/DocExit_2010_Overall.pdf . One thousand four hundred and sixty-eight of the 1,914 undergraduate and master’s graduates responded, representing 76.7 percent of the graduating class. This report represents a collaborative effort between this office and Institutional Research. I particularly want to thank Deborah Liverman, Associate Director for Career Services, for her leadership of this survey. MIT’s Class of 2010 faced one of the worst job markets in a generation, with unemployment rates for college graduates and non-graduates younger than 25 nearly double pre-recession levels (EPI Briefing Paper, 2010). Despite these challenges, MIT graduates continued to outperform the national average in their employment outcomes. Highlights of our survey of the MIT Class of 2010 are presented below.

• Nearly half of baccalaureate and 75 percent of master’s graduates planned to enter the workforce immediately following graduation. Forty percent of baccalaureate and 15 percent of master’s graduates planned to attend graduate or professional school. This represents a significant increase in graduates entering the workforce with an accompanying decline in immediate graduate school attendance.

• At the time of graduation, 76.6 percent of graduating seniors and 71.5 percent of master’s graduates had accepted employment.

• On-campus recruiting continues to be a primary source of employment as reported by 42 percent of baccalaureate and 31 percent of master’s degree recipients.

• Networking and internships that led to a job offer represented the next highest methods for baccalaureate degree holders, while master’s degree recipients identified networking and other means as their next highest methods.

• Eighty percent of undergraduates and 89 percent of Master’s students indicated that their position was related to their academic major, significantly higher than the Class of 2009. The top industries for graduates were consulting, computer software and finance, continuing in the same order from last year.

• The average salary for undergraduates was $64,523, a 4.1 percent decrease from the $67,270 average for 2009 graduates. Nearly all other degree levels saw an increase over the prior year.

The full report follows, providing a broad snapshot of the professional and education destinations for the MIT Class of 2010. We welcome any comments or suggestions from the MIT community regarding ways that we may improve our survey process or reporting. Thank you!

Sincerely,

Melanie Parker, Executive Director

MIT Global Education and Career Development

http://web.mit.edu/ir/surveys/DocExit_2010_Overall.pdf�

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Welcome to the 2010 Annual Graduating Student Survey Report. Please take a moment to learn more about the survey and the data we collect and present. PURPOSE: The purpose of the Graduating Student Survey (GSS) is to promote an accurate understanding of the immediate post-graduation plans of graduating MIT students and to provide data for related career issues. Data for our PhD graduates is presented in a separate format due to a new survey instrument. METHOD: The GSS is a completely voluntary web-based survey. The survey was emailed as a link multiple times throughout the late spring and summer in an effort to capture as much of the graduating student population as possible. Altogether, 709 Undergraduates (82%) and 759 Masters (73%) June 2010 graduating MIT students participated in the 2010 Survey. RESULTS: All data are self reported and presented anonymously in aggregate form. Due to the variety and various levels of MIT degrees granted, the majority of statistics presented are related to specific subsets of the population (e.g., undergraduate, Masters, major, etc.) and are labeled accordingly. This is done to provide more meaningful and accurate data. Any data not labeled should be assumed to represent the entire sample. The majority of results are presented in table format for ease of reading and comparison. Many tables contain empty cells. This is for two reasons; first, not all majors offer all types of degrees, and second, fewer than two students from that major and degree level responded to the survey question. The remainder of this report presents the data that we collect and analyze. We highly recommend that you start with the Frequently Asked Questions on pages 3 and 4, which highlight our most common requests for information. The GECDC Data Committee, Deborah Liverman Colin D. Smith Kathryn Somers Laura Wilkinson

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2010 MIT POST GRADUATION STATISTICS* *Based upon 1468 (76.7 %) responses to the June 2010 Graduating Student Survey

FREQUENTLY ASKED QUESTIONS

WHAT PERCENTAGE OF UNDERGRADUATE & MASTERS STUDENTS GO ON TO GRADUATE/PROFESSIONAL SCHOOL, WORK OR OTHER?*

Degree Graduate/Professional School Work Other Response Rate

SB 40.1% 49.2% 10.7% 81.7%

Masters 15.2% 78.4% 6.8% 72.5%

*Other includes enrolled in another educational program (2nd bachelors degree), distinguished fellowship, taking time off, traveling, deciding between fields, volunteer activity, still looking for a job, undecided & other activity

WHICH EMPLOYERS HIRED THE MOST MIT GRADUATES?

Bachelor Level Employers # Hires Master’s Level Employers # Hires

MIT 14 Boston Consulting Group 13

General Electric 7 McKinsey & Company 12

Boston Consulting Group 6 Bain & Co. 10

McKinsey & Company 5 Apple 8

Accenture 4 Amazon 7

Google 4 Barclays Capital 6

JP Morgan 4 Google 6

Procter & Gamble 4 Samsung 6

Barclays Capital 3 US Air Force 6

Credit Suisse 3 Microsoft 5

Department of Defense 3 Oracle 5

Exelon Corporation 3 Raytheon 5

Goldman Sachs 3 US Navy 5

Morgan Stanley 3 Boeing 4

NERA Economic Consulting 3 Booz & Co. 4

Oliver Wyman 3 Cap Gemini 4

Oracle 3 Deutsche Bank 4

Teach For America 3 Fidelity 4

US Army 3 GE 4

Goldman, Sachs & Co. 4

IBM 4

Morgan Stanley 4

Novartis 4

World Bank 4

Zynga 4

4

HOW MANY EMPLOYERS RECRUITED THROUGH THE MIT CAREER SERVICES 2009-2010? 259

WHAT WAS THE AVERAGE SALARY/BONUS (for those receiving bonuses)

OF WORKING MIT GRADUATES? SB: $64,523/ $8,509 MEng: $89,544/$11,083 SM: $71,404/$10,992 MBA: $116,776/$24,459

HOW DID GRADUATES FIND THEIR JOBS? (Students could check all that applied)

Undergrad Masters

On-campus recruiting 42.3% 30.9%

Networking 28.1% 27.7%

Internship led to job offer 28.5% 13.6%

Career fair 24.5% 6.6.%

Professional Conference 1.6% 1.3%

Contacts acquired through MIT Career Services .9% 2.3%

Through Department (faculty, academic administrator)

9.5% 7.2.%

Directly applied to employer 20.9.% 14.6%

Externally Advertised job listing (on-line, print) 4.0% 2.9%

Other 11.5% 26.3%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

On-campus recruiting

Directly applied to employer

Internship led to job offer

Networking Career fair Other Through Department

(faculty, academic

administrator)

Externally Advertised job listing (on-line,

print)

Professional Conference

Contacts acquired

through MIT Careers Office

How 2010 Graduates Found Jobs UndergradMasters

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WHEN DID WORKING GRADUATES BEGIN THEIR JOB SEARCH AND RECEIVE THE JOB OFFER THEY ACCEPTED?

Bachelor’s Master’s

Month Begin Search Received Offer Begin Search Received Offer

Prior to September 2009

24.9% 13.4% 27.1% 21.2% September 2009 28.4% 4.8% 23.7% 5.9% October 2009 8.1% 9.7% 8.8% 8.7% November 2009 2.3% 18.2% 4.1% 11.5% December 2009 3.5% 8.2% 1.8% 11.5% January 2010 7.8% 4.8% 6.5% 4.1% February 2010 5.2% 5.2% 5.3% 3.1% March 2010 6.1% 10% 3.9% 8.7% April 2010 4.1% 12.6% 3.9% 10.5% May 2010 2% 8.2% 1.6% 10.7% June 2010 0.6% 2.6% 1.9% 2.8% July 2010 1.2% 1.5% 0.5% 1.3% August 2010 0.0% 0.7% 0.7% 0.3%

WHAT IS THE AVERAGE FOR JOB APPLICATIONS/INTERVIEWS/JOB OFFERS?

Degree Level Job Applications Job Interviews Job Offers

Undergraduate 14.0 5.8 1.8

Masters 14.3 6.3 2.1

WHAT PERCENTAGE OF WORKING GRADUATES NEGOTIATED THEIR SALARY AND BONUS?

Degree Level Negotiated Salary Negotiated Bonus

Undergraduate 15.4% 12%

Masters 24.7% 16.9%

WHAT WAS THE AVERAGE NEGOTIATED INCREASE IN SALARY AND BONUS OF WORKING GRADUATES?

Degree Level Increase in Salary Increase in Bonus

Undergraduate $5,360 $4,149

Masters $8,667 $5,760

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WHAT WERE THE TOP US LOCATIONS FOR WORKING GRADUATES?

Massachusetts 184

California 92

New York 84

Texas 27

Washington DC 19

Virginia 17

Illinois 14

Washington 11

Maryland 9

Connecticut 8

North Carolina 7

WHAT WERE THE TOP INTERNATIONAL LOCATIONS FOR WORKING GRADUATES?

China 8

Japan 8

United Kingdom 8

Brazil 6

France 4

Korea 4

Mexico 4

Singapore 4

South Korea 4

Chile 3

Columbia 3

Thailand 2

Germany 3

India 3

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WHAT FACTORS AFFECTED YOUR DECISION TO ACCEPT A JOB OFFER? UNDERGRADUATE WORKING GRADUATES BY PERCENT

Factors Essential Very Important

Somewhat Important

Not Important

Job Content 57.3 36.0 5.9 0.8

Creative & challenging work 44.8 43.3 10.3 1.6

Opportunity for career advancement 41.3 36.1 15.9 6.7

Fit with culture/environment 41.1 41.5 14.2 3.2

One of my top choices 36.7 35.1 16.3 12.0

Opportunity to make an impact 35.7 38.5 19.8 6.0

Fit with my experience & skills 30.2 47.2 19.8 2.8

Reputation of Employer 29.4 40.5 22.2 7.9

Training/educational opportunities 28.1 36.0 23.7 12.3

Location 28.1 43.5 22.5 5.9

Job flexibility & work life balance 22.3 41.0 30.7 6.0

Best opportunity I could find at this time 16.4 27.2 30.0 26.4

Salary 15.8 39.5 34.0 10.7

Supervision & colleagues 15.5 45.8 28.3 10.4

Job Security 10.7 35.7 38.9 14.7

First job offered 10.4 16.8 27.2 45.6

Benefits 8.3 40.1 36.9 14.7

Ability to meet my expected student loan/education debt payments 6.0 14.3 19.9 59.8

Employer was willing to sponsor non-US citizen 3.6 4.4 0.8 91.3

Didn't get into graduate/professional school 1.6 2.4 3.5 91.8

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0 20 40 60 80 100

Didn't get into graduate/professional school

Employer was willing to sponsor non-US citizen

Ability to meet my expected student loan/education debt payments

Benefits

First job offered

Job Security

Supervision & colleagues

Salary

Best opportunity I could find at this time

Job flexibility & work life balance

Training/educational opportunities

Location

Reputation of Employer

Fit with my experience & skills

Opportunity to make an impact

One of my top choices

Fit with culture/environment

Opportunity for career advancement

Creative & challenging work

Job Content

Undergraduate Factors Choosing Jobs Essential

Very Important

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WHAT FACTORS AFFECTED YOUR DECISION TO ACCEPT A JOB OFFER? MASTERS WORKING GRADUATES BY PERCENT

Factors Essential Very Important

Somewhat Important

Not Important

Job Content 59.5 35.7 4.3 0.5

Opportunity for career advancement 48.0 39.1 11.3 1.6

Creative & challenging work 47.0 43.3 8.9 .8

Opportunity to make an impact 38 42.9 16.4 2.7

Fit with culture/environment 36.2 47.3 13.8 2.7

One of my top choices 35.8 38.5 15.7 10

Location 31.9 35.4 26.5 6.2

Reputation of Employer 28.6 46.1 19.9 5.49

Fit with my experience & skills 23.2 52.7 19.5 4.6

Training/educational opportunities 21.0 37.7 33.7 7.5

Salary 17.5 47.0 30.6 4.8

Job flexibility & work life balance 16.4 39.9 34.5 9.2

Supervision & colleagues 16.3 38.8 33.6 11.4

Employer was willing to sponsor non-US citizen 12.0 6.8 4.9 76.2

Best opportunity I could find at this time 11.9. 24.7 18.7 44.7

Benefits 10.0 37.7 41.0 11.3

Ability to meet my expected student loan/education debt payments 9.8 17.9 17.9 54.5

Job Security 8.1 34.2 41.0 16.7

First job offered 4.9 12.2 14.7 68.2

Didn't get into graduate/professional school 0 3.3 2.5 94.2

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0 20 40 60 80 100

Didn't get into graduate/professional school

First job offered

Job Security

Ability to meet my expected student …

Benefits

Best opportunity I could find at this time

Employer was willing to sponsor non-US citizen

Supervision & colleagues

Job flexibility & work life balance

Salary

Training/educational opportunities

Fit with my experience & skills

Reputation of Employer

Location

One of my top choices

Fit with culture/environment

Opportunity to make an impact

Creative & challenging work

Opportunity for career advancement

Job Content

Factors Affecting Masters Job Acceptance 2010 Essential

Very Important

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WHAT PERCENTAGE OF WORKING GRADUATES FOUND JOBS RELATED TO THEIR MAJORS?

Degree Level YES NO NOT SURE

Undergraduate 80.4% 16.5% 3.1%

Masters 88.5% 3.1% 3.5%

WHAT PERCENTAGE OF WORKING GRADUATES TOOK JOBS IN FINANCE AND CONSULTING?

Degree Level Finance Consulting Finance & Consulting


Masters 11.8% 10.9% 22.7%

MBA 19% 28.1% 47.1%

WHAT WAS THE AVERAGE FOR GRADUATE/PROFESSIONAL SCHOOL APPLICATIONS/ACCEPTANCES?

Degree Level Application Acceptances

Undergraduate 5.1 3

Masters 2.5 1.8

WHAT TYPE OF DEGREE WERE GRADUATES PURSUING?

MENG MS MA MBA PHD/ScD JD MD/DDS Other

Undergraduate 24.2% 24.5% .3% 0.6% 37% 0.6% 9.8% 3.1%

Masters 1% 9.6% 0% 0% 87.9% 0% 1% 1%

WHAT WERE THE TOP GRADUATE/PROFESSIONAL SCHOOL DESTINATIONS FOR GRADUATES?

School # of Students

MIT 205

Stanford University 31

Harvard University 22

UC Berkeley 8

California Institute of Technology 6

Yale University 6

Columbia University 5

Northwestern University 5

Johns Hopkins University 5

University of Michigan 5

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WHAT PERCENTAGE OF UNDERGRADUATE & MASTERS STUDENTS COMPLETED AN INTERNSHIP WHILE IN THEIR CURRENT PROGRAM?

YES NO DON’T KNOW

Undergraduate 77.2% 22.8% 0%

Masters 53.4.% 46.6% 0%

WHAT TYPE OF INTERNSHIPS DID GRADUATING STUDENTS COMPLETE WHILE IN THEIR CURRENT PROGRAM?

Type of Internship # of Students

UPOP 139

Other 130

Externship 122

MISTI 120

Through My Department 80

Career Center (On Campus Recruiting, INET, CareerBridge) 47

F/ASIP 44

WHAT WAS THE PERCENTAGE OF GRADUATES WITH INTERNATIONAL EDUCATIONAL EXPERIENCE?

YES NO DON’T KNOW


Masters 33.6.% 66.4% 0%

WHAT WAS THE PERCENTAGE OF GRADUATES WITH LEADERSHIP EXPERIENCE?

YES NO DON’T KNOW


Masters 58.1% 35.2% 6.7%

WHAT WAS THE PERCENTAGE OF GRADUATES WITH SERVICE EXPERIENCE?

YES NO DON’T KNOW


Masters 30% 61.9% 8.1%

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17.6%

10.6%

9.0%

7.8% 7.5%

5.9% 5.5%

2.4% 2.0% 1.6%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

Consulting Computer Software

Financial Services (Commercial

Banking, Insurance)

Other Aerospace and Defense

Engineering Energy and Utilities

Communications, Arts,

Entertainment (Sports, Media, Leisure, Film)

Computer Hardware

Automotive and Transportation

Top Industries for Working June 2010 Bachelors

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10.9% 10.9% 10.9%

9.1%

5.5%

0.6% 0.5% 0.4% 0.4% 0.3% 0.3% 0.2% 0.2%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

Aerospace and Defense

Consulting Other Investment Banking

(Mutual Funds, Money Mngt.)

Architecture and Planning

Energy and Utilities

Computer Software

Government Industrial and Consumer

Manufacturing

Computer Hardware

Financial Services

(Commercial Banking,

Insurance)


Business Services

(Advertising, Real Estate,

Retail)

Top Industries for Working June 2010 Master 's

15

39.6%

16.7%

10.4%8.3%

6.3% 6.3%

2.1% 2.1% 2.1% 2.1% 2.1% 2.1%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

Computer Software

Engineering Consulting Industrial and Consumer

Manufacturing

Computer Hardware

Other Aerospace and Defense

Communications, Arts,

Entertainment (Sports, Media, Leisure, Film)


Financial Services (Commercial

Banking, Insurance)

Government Investment Banking (Mutual

Funds, Money Mngt.)

Top Industries for Working June 2010 MEng

16

28.1%

10.0% 9.5% 9.5%8.1%

5.4% 5.4%4.1% 4.1%

3.2%1.8%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

Consulting Computer Software

Financial Services

(Commercial Banking,

Insurance)

Investment Banking (Mutual

Funds, Money Mngt.)

Other Business Services

(Advertising, Real Estate,

Retail)

Computer Hardware



Health/Medicine Industrial and Consumer

Manufacturing

Top Industries for Working Junes 2010 MBA

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2010 Undergraduate Employers by Department * Results are based on student report and not representative of all employers who hire MIT students by department.

Course (Course Number) Employers

Civil & Environmental Engineering (1) Atman Vilandrie, PE Americas, Exxon Mobil, National Grid

Mechanical Engineering (2) Sensata, Deutsche Bank, US Army, General Electric Aviation, Army Night Vision Lab, DB, Levant Power Corporation, Ford Motor Company, Qualcomm, Alphana Technology, AthenaHealth, Vecna, The Boston Consulting Group, Roland Berger Strategy Consultants, MIT Media Lab, Teach for America, Agra-Energy, BP, Shell Oil, Schlumberger, PA Consulting, MENA Geothermal, Procter & Gamble, Intel, GE Healthcare, General Electric-Energy, Credit Suisse, Department of Health and Human Services, Stryker, US Navy, Department of Defense, Institute of Bioengineering and Nanotechnology, Ethicon Endo-Surgery, Edwards Lifesciences

Materials Science and Engineering (3) Credit Suisse, Exxon Mobil, Booz Allen Hamilton

Architecture (4) Atelier FCJZ, The Chinati Foundation

Chemistry (5) Whitehead Institute, DNA Medicine Institute

EECS (6)

Google, NASA Jet Propulsion Lab, Northrop Grumman Corporation, ESPN, Leaf Labs LLC, Hipmunk Inc., Oracle, Department of Defense, Next Jump, Mozilla Corporation, Yext, Facebook, Ksplice Inc., Riot Games, Moka Five, Proteus Technologies, Monitor Group, Accenture, McKinsey & Company, KSG Buildings, Conoco Philips , FastCAP Systems, GETCO, JP Morgan Chase, Federal Bureau of Investigation, AthenaHealth, JP Morgan Securities, General Dynamics, Ooyala, EWT Trading, Five Rings Capital, Barclays Capital

Biology (7) Novartis Institutes for Biomedical Research, Vanas Oncology, Children’s Hospital, Arthur D Little, Putnam Associates, Hungry Fish Media, LLC, Olyver Wyman

Physics (8) Simon-Kucher & Company, Bank of America, MIT, Continental, McKinsey and Company, Wuhan Institute of Mathematics and Physics, MPQ/LMU, Analog Devices, NIH, Los Alamos National Laboratory, Fidelity Management and Research Company

Brain and Cognitive Sciences (9) Macklis Lab, Picower Institute (MIT), Stanford University, Rockefeller University, Universitat Pompeu Fabra, Accenture, Booz Allen Hamilton, Cambridge Strategic Management Group

Chemical Engineering (10) ASJA, Nano Terra, Air Liquide, Tyco Electronics, Stroud Consulting, Accenture, Boston Consulting Group, FSG Social Impact Advisors, Bio Architecture Lab, Saudi Arabian Oil Company (Saudi Aramco), FastCap Systements, Dominion Engineering, General Electric, Exelon Corporation, Schlumberger, Johnson & Johnson, Soane Labs, Exxon Mobil, Goldman Sacs, Whitehead Institute, Proctor & Gamble, Summer Street Research Partners, Regeneron, Merck, Green Light Biosciences, Vertex Pharmaceuticals, Monitor Group, Digitas

Urban Studies and Planning (11)

EAPS (12)

Economics (14) comScore, Oliver Wyman, NERA Economic Consulting, Boston Consulting Group, BlackRock, Citigroup, Progress Finacial, Council of Economic Advisors, MIT Economics Department, NBER

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Management (15)

Teach For America, Barclays Capital, Siegel + Gale, Dell, IBM, OC&C Strategy Consultants, NERA Economic Consulting, Analytics Operational Engineering, Boston Consulting Group, Accenture, Deloitte Consulting LLP, McKinsey & Company, IBM, Xtrategic Corporation, Morgan Stanley, Goldman Sachs, JP Morgan, Federal Reserve Bank of New York, China Growth Capital, Bloomberg, Citigroup

Aeronautics and Astronautics (16) MIT Lincoln Laboratory, Dimagi, Boeing, General Electric, CSS LCC, US Government, General Electric, Textron Defense Systems, Orbital Sciences Corporation, Johns Hopkins University Applied Physics Laboratory, Space Exploration Technologies Inc., Boeing, Northrop Grumman, ARES Corporation

Aeronautics and Astronautics (16) MIT Lincoln Laboratory, Dimagi, Boeing, General Electric, CSS LCC, US Government, General Electric, Textron Defense Systems, Orbital Sciences Corporation, Johns Hopkins University Applied Physics Laboratory, Space Exploration Technologies Inc., Boeing, Northrop Grumman, ARES Corporation, United States Air Force

Political Science (17) The Advisory Board Company

Mathematics (18) MIT, Gotham Consulting Partners, UBS, France Télécom, Proteus Technologies, Consolidate Trading, Covepoint Capital, DRW Trading Group, Bridgewater, Vision Capital, John Hancock Financial Services, Brain Trauma Foundation, Bank of America Merrill Lynch, JP Morgan, Ajna Capital, Five Rings Capital LLC, Protelostatis Therapeutics, Microsoft

Biological Engineering (20) Merck, Massachusetts Eye and Ear Infirmary, Children’s Hospital, Los Angeles, MIT, Decisions Resources, Beckman Coulter, Applied Predictive Technologies, Deloitte Consulting, Morgan Stanley, Oliver Wyman Financial Services Consulting, National Institutes of Health, Boston Consulting Group, DRW Trading, Bain & Co.

Humanities (21) Teach for America, MIT Media Lab, Edelman PR, Acquia Inc. ,

Nuclear Engineering (22) Nuclear Regulatory Commission, Power Advocate, The Shaw Group, Central Intelligence Agency

2010 Masters Employers by Department


Civil & Environmental Engineering (1) United States Navy, US Army, Bechtel, World Bank, L.A. Fuess Partners, Port Authority of New York and New Jersey, Ward and Burke Construction Ltd., Metropolitan Transportation Authority (of NY State), Steer Davies Gleave, Arup, Citi, CTS Mexico, Jacobs Associates, Halcrow Group Ltd, Departamento Nacional de Planeacion, AREVA, Electric Boat

Mechanical Engineering (2) Singapore Armed Forces, US Coast Guard, US Navy, General Electric, Mckinsey & Company, Lark Technologies, Inc., MathWorks, Raytheon Company, National Instruments, Spirit AeroSystems, REhnu, Apple, GE Aviation, Arrowhawk Capital Partners

Materials Science and Engineering (3) HSBC, CRA

Architecture (4) Compete Inc., MIT House_n Research Group

Chemistry (5) A*STAR

19

EECS(6) Analog Devices, Apple, Inc., Aurora Flight Sciences, Bridgewater Associates, Cisco Systems, Clipper Windpower, Dropbox, DRW Trading, Facebook, Google, Hudson River Trading, Jump Trading, Intersil, Kayak, LEK Consulting, Linear Technology, Lockheed Martin, Gilt Groupe, Mars and Company, MathWorks, Microsoft , MIT Media Lab, Morningstar, NerdKits, L.L.C., Next Jump, Optiver Trading, Oracle, Pixar Animation Studios, Raytheon, Stroud Consulting, Teradyne, Texas Instruments, TripAdvisor, Two Sigma, US Navy, Wireless Generation

Biology (7) Decision Resources

Chemical Engineering (10) McKinsey & Co., Novartis

Urban Studies and Planning (11) Barclays Capital, Campaign to Protect the Affordable Housing Law, City of Boston Department of Neighborhood Development, CLF Ventures, MIT, Office of Economic Adjustment, Peregrine Energy Group, Sasaki Associates, Smart Growth Alliance, U.S. Department of Housing and Urban Development

EAPS (12)

Management (15)

3Play Media, A.T.Kearney, Adobe, Aetna, Amazon.com, American Airlines, American Express, Amgen, Analysis Group, Apple Inc., Associated Physicians of Harvard Medical Faculty Physicians, athenaHealth, Bain & Company, Bangkok Bank Plc., Bank of America Corp., Barclays Capital, Bechtel, BNP Paribas, Boehringer Ingelheim Corporation, Booz Allen Hamilton, Boston Consulting Group, Cenury Capital Management, Cisco Systems, Citigroup, Coriolis Wind, Cornerstone Research, CSMG, D.light Design, Dell, Deloitte Consulting, Deutsche Bank, Deutsche Securities Inc, Diamond Consultants, DINUBE, Earth Institute / UNDP Millennium Promise, Emerson Electric, ExxonMobil, Fidelity Investments, First Act, Gateway Gulf, Genentech, General Dynamics OTS, General Electric, Goldman Sachs, Google Inc., Grupo SM, Hamilton Sundstrand, Hewlett Packard, HubSpot, IBM, Infosys Consulting, Intel, J.P. Morgan, Johnson & Johnson, Kaohsiung World Trade Center, Kasikornbank, LEK Consulting, LG Electronics, Liberty Mutual Group, McKinsey, Microsoft, Mizuho Financial Group, Mobilink PMCL, Monitor, Morgan Stanley, NAVAIR, NewCo, Novell, Opera Solutions LLC, Pearle Latam, Petrocel Temex, Putnam Investments, Raytheon, Red Kite, Sentien Biotechnologies, Spirit Aerosystems, Stop & Shop, Taiyo Pacific Partners, Target Corporation, Techint Group, Tegu, Ternium, The Boeing Company, The Parthenon Group, ThingMagic, TripIt, UBS Investment Bank, UC San Diego, United Airlines, US Coast Guard, UTC Hamilton Sundstrand, Whirlpool Corporation

Aeronautics and Astronautics (16) Air Force, Raytheon, Boeing, General Electric, Orbital Sciences, MITRE, Orbital Sciences, Jet Propulsion Laboratory, Tessela, Nikon Corporation, United States Air Force

Applied Biological Sciences (20)

Nuclear Engineering (22) HSBC, Institute of Nuclear Power Operations, US Military Academy

Computational Design Optimization (CDO)

PayPal

Operations Research (OR) US Air Force, US Army

Engineering Systems Division (ESD) Amazon.com, Apple, BAE Systems, Boston Consulting Group, OmniGuide, ST Aerospace, IPValue Management, Sears Holdings, Verizon, IBM, Lexmark International, Intuit Inc., Nomura Research

20

Institute Ltd., Red Hat, Capgemni, PowerAdvocate, Exxon Mobil, GenScape, US State Department, Salutek Inc., Siam Cement Group, Whirlpool Corporation, CEMEX, American Industrial Partners, United States Coast Guard, US Marine Corps, WorldBank

Heath Sciences and Technology (HST) Olyver Wyman, Medtronic

Media Arts & Sciences (MAS) Bjork

Systems Design & Management (SDM) Intuit Inc, Saluteck Inc., Siam Cement Group, ST Aerospace, United States Department, World Bank, Exxon Mobil, Whirlpool Corporation, Nomura Research Institute, Ltd, OmniGuide, BAE Systems, United States Coast Guard, Sears Holdings, US Marine Corps, Apple, IP Value Management, IBM, Red Hat, CEMEX, Verizon, Boston Consulting Group, Capgemni Government Solutions, SRI International, PowerAdvocate, American Industrial Partners, Amazon

Political Science PA Consulting Group

CMS Quilted, Mobile Learning Institute

2010 Employers of International Students

Employers of International Undergraduates

Ajna Capital, Black Rock, ConocoPhillips Company, Dimagi, Google, Green Light Biosciences, Levant Power Corporation, McKinsey & Company, MENA Geothermal, MIT, MIT Media Lab, Ooyala, Oracle, Inc., Roland Berger

Strategy Consultants, Saudi Arabian Oil Company (Saudi Aramco), Soane Labs

Employers of International Masters Students

A*STAR, A. T. Kearney, Aetna, Amazon.com , Apple, Aramark, AREVA, Arrowhawk Capital Partners, Bain & Company, Barclays Capital, BCG, Bechtel Limited, Better Place, BNP Paribas, Booz & Company, Boston Consulting Group, BP ,

Brainloop Inc, Capgemini, CEMEX, CGN & Associates, Confidential - Consulting, Council of Europe, CRA, Credit Suisse, Credit Suisse Securities (USA) LLC, Departmento Nacional de Planeacion, Deutsche Bank, Elsevier, Ernst & Young LLP,

Exxon Mobil, Fidelity, GE, GenScape, Gilt Groupe, Goldman Sachs, House_n Research Consortium, HSBC, IBM, IBM Business Analytics and Optimization, J. F. Oberlin University, Johnson & Johnson, JP Morgan, KT, L.E.K. Consulting, LG

Electronics, McKinsey & Company, Mitsubishi Corporation, Mizuho Financial Group, Monitor Group, Morgan Stanley, NetApp, Nikon Cooperation, Nokia, Nomura Research Institute, Ltd, Novartis, Novo Nordisk, Oliver Wyman, Oracle,

Panasonic Middle Easy, PayPal, Produban, Qihoo, RBS Media Group, Samsung, Samsung Electronics, Samsung Heavy Industries, Samsung Techwin, Santander Bank, Santander Global Banking & Markets, SAP, SCG, Sears Holding, Siam

Cement Group, Singapore Armed Forces, Sloan School of Management, Sovereign Bank, SRI International, ST Aerospace, State Street Bank, Tata Consultancy Services, The Boston Consulting Group, Verde Energia Renovavel,

Verizon, Virtus Partners, VmWare, Ward and Burke Construction Ltd., World Bank, Yahoo

21

2010 Average Undergraduate & Masters Salary by Course (US Dollars) (Number of respondents are in columns titled # after each salary amount. Blank represents 1 or no responses per cell.)

Course (Course Number) SB # MNG/MNLG # SM # MBA # MCP #

Civil & Environmental Engineering (1) 68,400 5 63,833 6 62,428 7

Mechanical Engineering (2) 59,500 36 118, 761 23

Materials Science and Engineering (3) 74,667 3 66,500 2

Architecture (4) 61,667 3

Chemistry (5)

EECS (6) 93,117 42 91,944 27 65,333

Biology (7) 45,583 12

Physics (8) 45,6363 11

Brain and Cognitive Sciences (9) 43,500 8

Chemical Engineering (10) 60,750 30 121,250 4

Urban Studies and Planning (11) 56,169 13

EAPS (12)

Economics (14) 55,595 21

Management (15) 65,218 39 113,738 216

Aeronautics and Astronautics (16) 64,542 19 62,806 13

Political Science (17) 58,750 2

Mathematics (18) 70,102 23

Biological Engineering (20) 59,714 14

Humanities (21)

Nuclear Engineering (22) 65,345 4 75,000 3

Linguistics and Philosophy (24)

Computation for Design Optimization (CDO)

Engineering Systems Design (ESD) 97,000 12 95,333 20

Operations Research (OR) 66,250 4

Technology & Policy Program (TPP)

Health Sciences and Technology (HST) 120,000 2

Media Arts & Science (MAS)

Systems Design & Management (SDM) 90,576 9

22

2010 Bachelor’s Industry & Employer Data

Industry # of

Students Employers

Average Salary

Salary Range


3 Continental, Levant Power Corporation, Ford Motor Company 60,000 58,000-60,000


19

Aurora Flight Sciences, Boeing, Bombardier Aerospace, General Dynamics OTS, Hamilton Sundstrand, Lockheed Martin, MIT Lincoln Labs, Northrop Grumman, Raytheon, Sikorsky Aircraft (A United Technologies Company),

Spirit Aerosystems, United Technologies, US Air Force, UTC Hamilton Sundstrand

69,095

61,000-100,000

Business Services (Advertising, Real Estate, Retail)

3 comScore, Hungry Fish Media LLC, Siegel+Gale 56,000 55,000-57,000

Chemicals and Materials

3 Nano Terra, Air Liquide, AJSA 56,500 48,000-65,000

Communications, Arts, Entertainment (Sports, Media, Leisure, Film)

5 France Telecom, Digitas, ESPN, MIT Media Lab, Edelman PR

53,125

45,000-62,500

Computer Hardware

5

LeafLabs LLC, Tyco Electronics, Dell, Qualcomm, Alphana Technology 73,300 65,000-90,000

Computer Software

25 Hipmunk, Inc., Startup, Oracle, Department of Defense, athenahealth, Dimagi, Next Jump, Mozilla Corporation, Yext, Facebook, Ksplice Inc., Google, Proteus

Technologies, Riot Games, Microsoft, Vecna, Acquia Inc., Ooyala, MokaFive, 76,071

44,000-100,000

Consulting

45 Decision Resources, Power Advocate, Arthur D Little, OC&C Strategy Consultants, Booz Allen Hamilton, Stroud Consultants, Putnam Associates,

Applied Predictive Technology, NERA Economic Consulting, Cambridge Strategic Management, Analytics Operations Engineering, Boston Consulting

Group, Accenture, Deloitte Consultin LLP, Monitor, Oliver Wyman, Simon-Kutcher & Company, Gotham Consulting Partners, McKinsey, IBM

62,872 38,000-73,000

23

Education

6 MIT, Teach for America, Wuhan Institute of Mathematics, Picower Institute, Stanford University, MPQ/LMU, Universitat Pompeu Fabra,

32,857 15,000-57,000


14 KGS Buildings, Saudi Arabian Oil Company, FastCAP Systems, Agra-Energy, Dominion Engineering Inc., General Electric, ExxonMobil, BP, Shell Oil,

Schlumberger, Excelon Corporation, ConocoPhillips Company, PA Consulting 67,840

36,000-105,000

Engineering

14 MENA Geothermal, FastCAP Systems, Schlumberger, The Shaw Group, Proctor & Gamble, Intel, US Army, Sensata, GE Healthcare, Johnson &

Johnson, Soane Labs, Analog Devices, Exxon Mobil, National Grid 64,085

50,000-87,000

Financial Services (Commercial Banking, Insurance)

25 Consolidated Trading, EWT Trading, GETCO, Covepoint Capital, MorganStanley, Blackrock, Goldman Sachs, JPMorgan Chase, Deutsche Bank,

Citigroup, DRW Trading Group, CSS LLC, Bank of America, Bloomberg, Bridgewater, Barclays Capital, Credit Suisse, Vision Capital, John Hancock,

Progress Financial,

78,020 48,000-190,000

Government

9 National Institutes of Health, Council of Economic Advisors, Los Alamos National Laboratory, Department of Health and Human Services, Federal

Bureau of Investigation, Nuclear Regulatory Commission, Central Intelligence Agency, Federal Reserve Bank of New York

48,986 28,000-75,378

Health/Medicine

14 Massachusetts Eye and Ear Infirmary, Macklis Lab, Children’s Hospital Boston, Children’s Hospital Los Angeles, Brain Tumor Foundation, Rockefeller

University, The Advisory Board Company, Beckman Coulter, National Institutes of Health, Stryker, DNA Medicine Institute, athenahealth Inc.,

Whithead Institute,

43,653 10,000-80,000

Industrial and Consumer Manufacturing

5

Proctor & Gamble, GE Healthcare, Tyco Electronics 64,000 60,000-68,000

Investment Banking (Mutual Funds, Money Management)

17 Bank of America Merrill Lynch, Credit Suisse, JPMorgan Securities, Citigroup, Goldman Sachs, UBS, Summer Street Research Partners, Barclays, Morgan

Stanley, Fidelity Management and Research Company, Anja Capital, Five Rings Capital LLC

73,353 45,000-150,000

Military

7 US Army, US Air Force, US Navy Department of Defense, General Dynamics, Booz Allen Hamilton

48,272 35,000-63,500

Pharmaceuticals (Biotech, Medical Device)

10 Institute of Bioengineering and Nanotechnology, Vanas Oncology, MIT,

Regeneron, Proteostatis Theraputics, Merck, Ethicon Endo-Surgery, Green Light Biosciences, Vertex Pharmaceuticals, Edwards Lifesciences

51,940 24,000-80,000

24

2010 Masters Industry & Employer Data

Industry # of Students

Employers Average Salary

Salary Range


6 Port Authority of New York and New Jersey, Samsung Heavy Industries, Ford Motor Company, American Airlines, Metropolitan Transportation Authority,

CTS Mexico

67,000 17,000-93,000


21 US Air Force, ST Aerospace, BAE Systems, The Boeing Company, The Boeing Company, Raytheon, , Orbital Sciences, MITRE, Raytheon IDS, ,Spirit AeroSystems, Spirit AeroSystems, Jet Propulsion Laboratory, Pratt &

Whitney- United Technologies, GE Aviation

86,618 35,000-115,000

Architecture and Planning

7 Sasaki Associates, Campaign to Protect the Affordable Housing Law, Sasaki Associates, House n Research Consortium, Bechtel Limited, Office of

Economic Adjustment, MIT

55,714 30,000-120,000

Business Services (Advertising, Real Estate, Retail)

20 Neutrogena/Johnson & Johnson, So Change, Geomeme, Plenia Locatel, HSBC, Compete Inc., Next Jump, Boston Consulting Group, Amazon, Sears

Holdings, HubSpot, Aramark, Performable, IPValue Management, Walmart.com,

112,000 70,00-159,000

Communications, Arts, Entertainment (Sports, Media, Leisure, Film)

9 Bjork, Pixar, Elsevier, Back9Lives, Sony, Verizon, RBS Media Group, Brightstar Corporation, KT

110,555 70,00-200,000

Computer Hardware

18 LG, Samsung, National Electronics, Intersil, Dell, Apple, Intel, IBM, Lexmark, Sandisk

104,200

60,000-140,000

25

Computer Software

45 Quilted, Kayak, Facebook, Brightroll, Intuit, 77mass Inc., Oracle, QiHoo, Mathworks, Hubspot, Nomura Research Institute, Berico Tailored Systems,

Microsoft, Medillia, Blizzard Entertainment, NetApp, Zynga, Google, Amazon, Yahoo, Nokia, Tata Consulting Services, VMWare, Red Hat, Brainloop, SAP,

Transparent Language, Gilt Group

96,489 40,000-150,000

Consulting

78 McKinsey & Co., OC&C, Tessella, PA Consulting Group, Steer Davies Gleave, Bridgespan, PRTM, IBM Business Analytics and Optimization, Stroud, Mars & Co., Infosys, Boston Consulting Group, Putnam Associates, Bain & Co., L.E.K. Consulting, The Parthenon Group, Analysis Group, CGN & Associates, Booz &

Co., Sapient, Opera Solutions, A.T. Kearney, Deloitte, Virtus Partners, CRA, ICEDR, Capgemini, Schoolhouse Partners, Toffler Associates, Kurt Salmon

Associates, SRI International, PowerAdvocate, Monitor Group, Oliver Wyman

113,154 63,000-157,000

Education

3 Mobile Learning Institute, Sloan School of Management, MIT Department of Architecture

47,333 30,000-60,000


16 kWhours Inc., ExxonMobil, UT Batelle, Peregrine Energy Group, Institute of Nuclear Power Operations, Better Place, ABB, Barclays Capital, Emerson

Electric Company, Emerson Electric Company, BP PLC, AREVA, REhnu, Verde Energia Renovável, GenScape, Acconia Energy

95,667 50,000-150,000

Engineering

10 Bechtel, L.A. Feuss, Ward and Burke Construction Ltd., Arup, Linear Technology, Jacobs Associates, Nikon Corp., Samsung, Halcrow Group Ltd.,

Electric Boat, Teradyne, C-Crete Technologies

69,389 54,000-110,000

Financial Services (Commercial Banking, Insurance)

25 Ernst & Young, PayPal, GE Capital, Bain Capital, Peer Transfer, Santander Bank, Lightkeeper Advisors, Produban, Mizuho Financial Group, HSBC, Morgan Stanley, State Street Bank, Goldman Sachs, Bank of America,

Barclays Capital, UBS Investment Bank, Fidelity, Two Sigma, Aetna, Soverign Bank, BNP Paribas, PriceWaterhouseCoopers

116,320 70,000-400,000

Government

3 US Department of State, City of Boston Department of Neighborhood Development, US Department of Housing and Urban Development

52,233 46,000-62,000

Health/Medicine

7 BGI Americas, Massachusetts General Hospital, Haemonetics, A*STAR, Medtronics, Phillips Healthcare, Boston Scientific

103,214 50,000-150,000

26

Industrial and Consumer Manufacturing

12 Cabot Corporation, Panasonic, Mitsubishi, ThermCool, Salutek Inc., Siam Cement Group, Siam Technologies, Whirlpool Corporation, GloTech

Corporation, Samsung Electronics,

93,889 30,000-200,000

Investment Banking (Mutual Funds, Money Management)

30 Fidelity Growth Partners, Optiver Traiding, Westfield Capital Management, Barclays Capital, Credit Suisse, Citigroup, Morgan Stanley, Jump Trading, Harris Williams & Co., Deutche Bank, Waddell & Reed Financial Advisors,

JPMorgan Chase, Bank of America, Goldman Sachs, Fidelity Investments, Riviera Investment Group, Hawkshaw Capital, Santander Global Banking &

Markets, American Industrial Partners, Arrowhawk Capital Partners

99,667 65,000-150,000

Military

16 US Air Force, US Navy, US Coast Guard, US Marine Corps, US Army 78,867 33,000-140,000

Non-Profit Agency or NGO

3 Neighborhood of Affordable Housing, CLF Ventures, TransForm

69,833 58,000-90,000

Pharmaceuticals (Biotech, Medical Device)

10 Millipore, Medtronic, Novo Nordisk, Novartis, Decision Resources, Johnson & Johnson, Genentech,

106,000 70,000-135,000

Survey on Investment Banking

Documents

Transcript of Survey on Investment Banking