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Current Booth Placement Stats...data from admit weekend [#permalink]
27 Apr 2009, 09:31
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Hey All, I just got back from splitting time between Kellogg's and Booth's admit weekends and thought I'd share some of the employment stats that were shared during the career sessions. I spent more time at Booth, and apparently am not remembering the Kellogg data too well, but here's what I learned at Booth.
School Internship Full Time Booth 62% 71%
1. Both Chicago schools claimed to be outpacing Wharton in terms of intership and full time placements. Word on the street was that Wharton internship placement was in the low-mid 50%s.
2. Booth claimed that intership placement was lagging by ~18% from last year, while full time placement is lagging by ~9%. Moreover, they suggested that students are taking different jobs than last year, with a specific mention of how some large corporate finance groups were exceedingly happy with the people they got (as they nabbed people that would otherwise be heading to the Bulge Brackets and other higher order finance jobs...is this a sign of things to come?).
Last edited by fluidian on 27 Apr 2009, 10:08, edited 2 times in total.
Re: Current Intership Placement Stats...data from admit weekend [#permalink]
27 Apr 2009, 10:31
Dont get too worried, for one thing remember its up to students to update their status and I know a bunch of folks if you look at their status still have nothing listed but have known for a while where they are going. I wouldnt be surprised if most schools numbers are significantly better than they appear. I know my section is around 75-80% with offers but plenty of folks havent let the CMC know, especially if they havent decided. Overall I would say we definitely are over 70% but a lot of folks haven't reported, and if you take out people who arent doing anything, going back to family businesses, or starting their own thing it will look even better.
My sense is that the majority of the people still looking fall a few buckets. Those who want something that traditionally doesnt recruit until late in the year (HF/VC, Real Estate, Media etc.), are internationals who still are trying to find something in the US, and then the others (not even looking, sponsored folks, overly focused, unlucky, turned down offers but still looking).
I dont know how effective other schools are at getting students to update their status. Here its all on us to go through the system and some people either dont think its important or dont know they are supposed to do it. So unless schools are actively finding out people status, I bet that the numbers aren't as bad as they seem.
I wouldnt worry if I was going next year, for one thing next year will be better than this year and there are actually lots of opportunities still available at this point in the game. I think Steel mentioned he got 4 interviews lined up at the end of last week alone and some of those sound like really awesome opportunties. _________________
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Re: Current Booth Placement Stats...data from admit weekend [#permalink]
27 Apr 2009, 12:15
At Booth things are similar to Kellogg. The numbers aren't as "good" as they were previously, but they aren't that bad. One interesting thing is that because of this numbers on the internship side, the career services has done an amazing job, I've seen many interesting offers (things such as working for the NBA in China for instance!).
As an international, I'd like to point out that many offers are just for US citizens and permanent residents only, which sucks for us, on the other hand there are many people, including Americans, going overseas during their summer. I know people going to a PE in Uruguay, and Media Management in Argentina. I'm going to Chile, but it is different in my case.
Anyone has its own strategy. I talked to people (mostly internationals) who don't want to take an internship if they don't find their "dream job. If things don't work out, they will take classes during the summer and graduate sooner. These people are usually internationals who want to stay in the US, who in my opinion (very biased though) are still in the "denial phase". _________________