Employment Report - Class of 2012 Overview

Class of 2012 Profile¹

Number of Candidates410
U.S. Citizens65%
Non-U.S. Citizens35%
Women35%
Median GMAT Score717
Median Undergraduate GPA (out of 4.0)3.5
Average Age at Entry to MIT Sloan28
Average Years Full-Time Work Experience Prior to MIT Sloan5

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

Class of 2012 Employment Profile²

  Number Percent
Seeking Employment 313 76.3
Not Seeking Employment 67 16.4
     Leaders for Global Operations Students 48 11.7
     Company sponsored or have been
     employed as student
8 2.0
     Starting own business 8 2.0
     Other reason(s) for not seeking 3 0.7
No Information Available 30 7.3
Total Graduates 410 100

² All information based on data reported by students.

Summer Employment Overview³

Mean Monthly Base Salary $7,255
Median Monthly Base Salary $8,000
Range of Monthly Base Salary4 $1,000–$12,000

³ Summer employment statistics based on job acceptances. 76.0% of reported acceptances included usable salary information.

Top Intern Hirers of Class of 2012

  • McKinsey & Company (15)
  • Bain & Company (12)
  • Boston Consulting Group (12)
  • Google (12)
  • Goldman Sachs (10)
  • Credit Suisse (7)
  • Amazon.com (6)
  • Apple (6)
  • Citi (6)

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Salary Figures

Class of 2012 Monthly Salary by Industry

  Percent Mean¹ Median Range
Service Industries 77.9% $7,690 $8,300 $1,000–12,000
Consulting 21.5% $9,633 $10,400 2,500–12,000
Investment Banking / Brokerage 17.1% $7,981 $8,333 1,950–11,000
Software/Internet 13.7% $6,565 $7,000 1,000–11,000
Retail 6.9% $7,208 $8,000 2,000–9,834
Investment Management 5.0% $8,591 $8,000 8,000–11,153
Diversified Financial Services 3.1% $5,858 $6,500 2,100–8,333
VC/Hedge Fund/Private Equity 6.6% $4,347 $3,000 1,000–10,000
Media/Entertainment 2.8% $3,895 $3,450 2,000–6,400
Real Estate 1.2% $6,000 $6,000 6,000–6,000
Manufacturing Industries 16.8% $6,201 $6,900 1,000–9,200
Pharmaceutical/Healthcare/Biotechnology 5.0% $6,334 $6,900 1,665–8,000
Manufacturing: Other 3.1% $6,841 $7,200 5,140–8,000
Oil/Energy 2.8% $4,550 $3,100 1,000–9,200
Computers/Electronics 2.8% $7,362 $7,097 6,400–8,800
Consumer Products 1.6% $5,700 $5,500 4,800–7,000
Transportation/Equipment/Defense 0.9% —¹
Automotive/Aerospace 0.3%
Telecommunications 0.3%
Government/Nonprofit 4.6% $3,809 $3,583 $2,800–5,200
Other 0.7%

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

Top Industries

      2011 2010 2009
Consulting 21.50% 18.90% 17.20%
Investment Banking 17.1 10.7 8.4
High Technology* 16.8 14.5 18.9

*Includes Computers/Electronics, Software/Internet and Telecommunications

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Class of 2012 Monthly Salary by Job Function

  Percent Mean Median Range
Finance (total) 32.7% $7,290 $8,300 $1,000–11,153

Finance/Investment Banking

13.1% $8,160 $8,333 1,950–11,000

Finance: Investment Management

5.9% $6,626 $8,000 2,000–9,500

Finance: Research

4.7% $5,850 $5,000 1,000–11,153

Finance/Sales & Trading

1.6% $8,833 $8,667 8,000–10,000

Finance: Other¹

7.4% $5,537 $6,000 1,000–10,000
Consulting 29.9% $8,666 $10,000 2,000–12,000
Marketing/Sales 14.4% $5,962 $6,666 1,000–11,000
Business Development 7.5% $6,064 $6,800 1,500–10,000
General Management 5.6% $5,576 $6,400 1,665–9,833
Operations/Project Management 4.7% $6,625 $7,250 2,500–8,000
Product Management/Development 3.4% $7,212 $7,900 3,400–10,000
Information Technology 0.3% —²
Real Estate 0.3%
Other 1.2%

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

      2011 2010 2009
Finance 32.70% 22% 25.90%
Consulting/Strategic Planning 29.9 29.6 28.0
Marketing/Sales 14.4 14.2 12.7

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Class of 2012 Monthly Salary by Geographic Location

  Percent Mean Median Range
North America 75.7% $7,900 $7,850 $1,500–11,267
Northeast¹ 44.6 $7,058 $7,750 1,950–11,267
Metro Boston 22.6 $7,195 $7,500 2,000–11,267
Metro New York 16.7 $6,920 $8,000 1,950–10,800
West 17.6 $7,434 $7,600 1,500–11,000
Midwest 4.6 $7,206 $7,300 3,000–9,834
Mid-Atlantic 4.0 $7,198 $8,000 3,200–10,500
Southwest 2.5 $9,129 $9,200 7,800–10,500
South 0.6 —²
Canada 0.3
Mexico 1.5 7,660 10,500 2,800–11,000
Rest of the World 24.3 $7,305 $8,600 $1,000–12,000
Asia 12.9 7,120 8,657 1,000–11,000
Europe including UK 4.4 7,573 9,000 1,000–12,000
United Kingdom 0.9 —²
Latin America and the Caribbean 4.1 9,756 10,500 8,000–11,000
Africa 1.2
Middle East 1.3
Oceana 0.4

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 2012 Monthly Salary by Undergraduate Major

Major Percent Mean Median Range
Engineering 35.4% $7,735 $8,000 $1,000–12,000
Social Sciences & Humanities 31.5 6,976 7,500 1,000–11,000
Business 23.4 6,933 7,000 1,000–11,153
Sciences & Mathematics 9.7 7,322 7,750 2,000–11,250

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Class of 2012 Monthly Salary by Professional Experience

Years Experience Percent Mean Median Range
One year or less 1.3 $4,000 $4,000 $1,000–7,000
More than one year, up to 3 years 8.6 7,595 8,000 2,000–11,267
More than 3 years, up to 5 years 47.6 7,034 8,000 1,000–12,000
More than 5 years 42.5 7,528 8,000 1,000-11,153

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Class of 2012 Reason for Accepting Position

  Percent
Industry 27.8
Job Function 19.7
Job Content 17.6
Growth Potential 10.8
Prestige of Firm 9.5
People/Corporate Culture 4.7
Location 4.4
Commitment to Sustainability 2.7
Compensation 1.7
Other 1.0

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Class of 2012 Source of Job

  Percent
School-Facilitated Activities 75.7
Scheduled interviews on and off Campus 47.4
Job postings (MIT or Sloan) 12.2
MIT/Sloan sponsored events 5.6
Faculty/CDO/Sloan student referral 4.4
Alumni 3.1
Club event 1.2
E-Center/S-Lab 1.2
Résumé Database, Résumé Referral 0.6
Student-Facilitated Activities 23.7
Family, friends, other non-MIT or MIT Sloan connection 13.7
Contacted directly 8.7
Previous Employer employer (before attending MIT Sloan) 1.0
Newspaper, magazine, internet job boards 0.3
Other 0.6

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