Yale SOM Ranked #1 in Job Placement in 2009

Question

https://images.businessweek.com/ss/09/10 ... ment/2.htm

No. 1 YALE UNIVERSITY, SCHOOL OF MANAGEMENT

Students without job offers three months after graduation
in 2009: 8%
in 2007: 6%

Median starting salary
in 2009: $96,000
in 2007: $95,000

Yale grads emerged almost shockingly unscathed by the financial turmoil, hardly registering a blip in the placement rate. At the same time signing bonuses, actually increased from 2008 by 15 percentage points, with 76% of the students who found jobs also getting a bonus.

:-D

2012dreams · Answer

hmmm, the numbers all point to a finance/banking as the reason for lower placement rates, i wonder if that helps those of us with no interest in that sector :twisted:

of course the job market should be much better by the time we enroll and start recruiting

billyjeans · Answer

very nice, yale is looking good weathering storms. which also raises the question why a lot of schools haven't released their employment report for class 2010.

shadow · Answer

they're probably trying to do damage control as best they can for the presumed decline in the numbers

riverripper · Answer

Its still early for employment reports...they usually dont come out until thanksgiving timeframe. I am curious how BW compiles this information.

solaris1 · Answer

Exactly. YSOM's own website does not have Class of 2009 employment data yet so I wonder where and how BW is getting those statistics and whether each school's data is as of the same date.

IIRC, Duke was probably the only school that officially released a preliminary Class of 2009 employment report in the early fall.

And there's relatively little room for "damage control" per se. Most schools put out employment reports that adhere to a specific set of reporting standards.

https://www.mbacsc.org/Standards.asp

refurb · Answer

I would take those numbers with a grain of salt.

Apparently Tuck was the only b-school to get 100% placement in internships last summer. Now whether that is true or not, I don't know, it's what I've heard from our career office.

However, when I talk to 2nd year students they say the number of people who  got the internships they wanted  probably dropped from 80% down to 50% or so.

Of course, it's always nice to have a job, but the numbers alone don't tell the whole story.

RF

riverripper · Answer

I believe they told us Kellogg had like a 99.8% internship rate...basically that means one person didn't get one. Kellogg didn't employee students but I know some schools did. A lot of schools begged alumni to hire interns too, Kellogg actually paid most of people's salaries. If a company paid 1k they would pay 7k.

refurb · Answer

Yeah, Tuck did the same sort of thing. Instead of calling up alumni and asking for donations for the endowment, they asked for jobs and internships.

RF

Jerz · Answer

riverripper brings up a good point. Saying 100% of the class is employed could be misleading. Having a few hundred Yale MBAs working the deep fryer at McDonalds would lead to 100% employment. What the stat doesn't say, and what no employment report will tell you, is how many people got the jobs they wanted or are happy with.

Besides the fact that as an applicant, looking at this year's employment report has no predictive value for how well the school will place you 18 months from now, if you're really that concerned about it, talk to current students.

Yale SOM Ranked #1 in Job Placement in 2009

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