Career Development Office

Employment Report - Class of 2009 Overview

Class of 2009 Profile¹

Number of Candidates	392
U.S. Citizens	64%
Non-U.S. Citizens	36%
Women	30%
Median GMAT Score	710
Median Undergraduate GPA (out of 4.0)	3.5
Average Age at Entry to MIT Sloan	28
Average Years Full-Time Work Experience Prior to MIT Sloan	5

¹ Class profile includes information for MBA students and students in the joint MBA/Leaders for Manufacturing program.

Class of 2009 Employment Profile²

	Number	Percent
Seeking Employment	311	79.3
Not Seeking Employment	70	17.9
Leaders for Manufacturing Students	47	11.9
Company sponsored or have been      employed as student	11	2.8
Starting own business	10	2.6
Other reason(s) for not seeking	2	0.5
No Information Available	11	2.8
Total Graduates	392	100

² All information based on data reported by students.

Summer Employment Overview³

Mean Monthly Base Salary	$7,649
Median Monthly Base Salary	$7,917
Range of Monthly Base Salary4	$500-$12,900

³ Summer employment statistics based on job acceptances. 74.5% of reported acceptances included usable salary information.
⁴ 1% of students reported accepting unpaid internships; reflected in mean and median calculations.

Top Intern Hirers of Class of 2009

• McKinsey & Company (22) interns
• BCG (12)
• Lehman Brothers (11)
• Goldman Sachs (10)
• Bain & Company (9)
• Deutsche Bank (9)
• Google (6)
• Amazon.com (5)
• Apple (5)

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Salary Figures

Class of 2009 Monthly Salary by Industry

	Percent	Mean	Median	Range
Service Industries	71.2	$8,325	$8,000	$500-12,900
Consulting	24.2	9,963	10,400	7,000-12,900
Investment Banking	16.9	7,874	7,917	4,000-10,000
Software/Internet	8.6	6,860	7,000	3,000-10,000
VC/PE/Hedge Fund	8.0	6,694	6,812	500-12,000
Investment Management	4.0	8,167	8,000	4,320-11,000
Retail	3.3	6,703	8,000	2,000-9,000
Diversified Financial Services	2.3	6,817	6,500	6,400-8,667
Media/Entertainment	1.3	—²	—	—
Real Estate	0.6	—	—	—
Service: Other	2.0	—	—	—
Manufacturing Industries	24.4	$6,229	$6,400	$680-10,000
Pharmaceutical/Healthcare/Biotechnology	8.6	6,113	6,400	680-7,750
Computers/Electronics	6.6	6,517	7,000	1,500-9,000
Oil/Energy	3.6	5,909	6,000	2,800-8,717
Telecommunications	2.7	7,460	7,000	6,000-10,000
Automotive/Aerospace	0.6	—	—	—
Consumer Packaged Goods	0.6	—	—	—
Manufacturing/Other	1.7	4,833	5,000	3,500-6,000
Government/Nonprofit	3.3	$3,050	$1,750	$1,400-6,000
Other	1.1	—	—	—

¹ All salary data based on reported compensation.
² Dash indicates fewer than three people or less than 1% reported salary information.

Top Industries

	2008	2007	2006
Consulting	24.2%	25.1%	25.3%
High Technology*	17.9	11.5	18.8
Investment Banking	16.9	16.3	17.5

*Includes Computers/Electronics, Software/Internet and Telecommunications

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Class of 2009 Monthly Salary by Job Function

	Percent	Mean	Median	Range
Consulting/Strategic Planning	35.8	$9,044	$10,000	$1,400-12,900
Finance (total)	31.5	7,449	7,917	500-12,000
Finance/Investment Banking	9.3	7,917	7,920	4,200-10,000
Finance/Other¹	9.3	6,370	6,500	500-12,000
Finance/Investment Management	8.9	8,020	8,000	4,000-11,000
Finance/Sales & Trading	3.3	7,507	7,917	4,000-8,800
Finance/Research	0.7	—²	—	—
Marketing/Sales	10.6	6,143	6,400	1,500-8,000
Business Development	8.0	6,187	6,518	2,800-9,000
Operations/Project Management	5.0	6,060	6,560	680-8,600
Product Management/Development	5.3	6,879	7,083	3,500-10,000
General Management/Leadership Development Program	1.6	7,233	7,000	4,500-10,000
Information Technology	0.7	—	—	—
Other	1.6	—	—	—

¹ Finance/Other includes corporate finance, venture capital and private equity.
² Dash indicates fewer than three people or less than 1% reported salary information.

Top Functions

	2008	2007	2006
Consulting/Strategic Planning	35.8%	29.8%	34.0%
Finance	31.5	34.1	27.1
Marketing/Sales	10.6	11.4	15.2

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Class of 2009 Monthly Salary by Geographic Location

	Percent	Mean	Median	Range
North America	76.2	$7,507	$7,750	$680-12,000
United States	75.8	7,538	7,750	680-12,000
Northeast¹	47.7	7,706	7,917	1,500-12,000
Metro Boston	23.2	7,805	7,650	2,000-12,000
Metro New York	21.5	7,704	7,917	1,500-10,800
West	15.6	7,624	7,200	5,300-10,500
Midwest	4.0	6,891	6,800	680-10,400
Southwest	4.0	6,713	6,500	3,000-10,400
Mid-Atlantic	2.7	6,129	6,000	2,500-10,400
South	2.0	8,177	8,000	5,900-10,400
Mexico	0.4	—²	—	—
Rest of the World	23.8	$8,231	$8,800	$500-12,900
Asia	13.6	7,420	8,400	500-10,000
Europe Including UK	6.0	9,732	10,000	6,000-12,900
United Kingdom	3.3	9,678	10,000	6,900-12,900
Latin America and the Caribbean	3.6	8,160	9,038	1,400-10,000
Oceania	0.3	—	—	—

¹ Northeast includes states/cities beyond Metro Boston and Metro NYC.
² Dash indicates fewer than three people or less than 1% reported salary information.

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Class of 2009 Monthly Salary by Undergraduate Major

Major	Percent	Mean	Median	Range
Engineering	40.3	$7,955	$8,000	$680-10,800
Social Sciences & Humanities	30.0	7,484	7,200	1,400-12,900
Business	18.2	7,490	7,917	1,500-12,000
Sciences & Mathematics	11.6	7,277	7,650	500-11,000

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Class of 2009 Monthly Salary by Professional Experience

Years Experience	Percent	Mean	Median	Range
One year or less	4.0	$6,595	$10,400	$2,800-10,400
More than one year, up to 3 years	15.6	6,796	8,000	500-10,500
More than 3 years, up to 5 years	36.8	7,864	10,000	2,000-12,900
More than 5 years	43.7	7,870	10,000	680-12,000

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Class of 2009 Reason for Accepting Position

	Percent
Job Content	21.2
Job Function	21.2
Industry	16.5
Growth Potential	15.7
Prestige of Firm	9.8
People/Corporate Culture	6.7
Location	3.9
Commitment to Sustainability	2.4
Compensation	1.6
Other	1.2

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Class of 2009 Source of Job

	Percent
School-Facilitated Activities	77.8
Scheduled Interviews On or Off Campus	51.4
MIT/MIT Sloan Job Posting	11.4
Faculty/CDO/Student Referral	7.1
MIT/MIT Sloan Sponsored Event	5.1
Club Event	1.6
Resume Database, Resume Referral	1.2
Student-Facilitated Activities	21.2
Contacted Directly	10.6
Personal Network	9.0
Newspaper, Magazine, Job Board	1.2
Previous Employer	0.4
Other	1.2

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