mba bsb ma-hrir bs mba - university of minnesotaassets.csom.umn.edu/assets/108518.pdf · cities...

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Business Career Center

Undergraduate

Morgan Kinross-WrightDirector612-624-0011

Tess Surprenant Associate Director, Business Development 612-624-4383

Shannon Sawyer Employer Relations Manager 612-624-3549

Graduate

Clare FoleyDirector612-624-0011

Katie SmithAssociate Director,Marketing and CorporateRelationship Development612-625-7587

Jessica Page Employer Relations Manager 612-624-7580

Business Career CenterCarlson School of ManagementUniversity of Minnesota321 Nineteenth Avenue South, Suite 1-110Minneapolis, MN 55455612-624-0011, fax 612-625-8840carlsonschool.umn.edu/bcc

© 2007 by the Regents of the University of Minnesota. All rights reserved.The University of Minnesota is an equal opportunity educator and employer.

Business Career Center2007 Employment Report

From the deanDear Friends,

The Carlson School prepares its graduates to deliverbottom-line results for your company. We accomplishthis by focusing on our rich tradition of discovery,opportunity, and community.

Located in the heart of a thriving Fortune 500 com-munity, the Carlson School curriculum maximizesall the resources of an urban, Big Ten university. Ourcorporate partners hire our graduates, mentor ourstudents, and provide real-world learning opportu-nities beyond the classroom. The Carlson SchoolEnterprises provide hands-on opportunities for ourstudents to work on consulting projects for some of the world’s most innovative companies. Thisinvaluable experiential learning is just one reasonthat Carlson School graduates are some of thenation’s most sought after, as indicated by ourimpressive employment rates.

Moreover, the concepts taught in our classrooms are informed by a remarkable roster of world-classresearchers on such topics as neuroeconomics andglobal branding. Our professors translate theirresearch findings and expertise in ways that help our students understand complex issues and takethoughtful action.

Every year, this powerful combination of discovery,opportunity, and community results in the gradua-tion of Carlson School students who are ready towork, well equipped with the competencies and confidence to apply their talents and passion forbusiness on your company’s behalf.

I invite you to learn more about the Carlson Schooladvantage.

Sincerely,

Alison Davis-BlakeDeanInvestors in Leadership Distinguished Chair in Organizational Behavior

1

Table of contents

Welcome ............................................................................... 1

MBA .......................................................................................... 2

MA-HRIR ........................................................................10

BSB ........................................................................................... 16

Employer roster ..................................................... 23

Students from around the world come tothe Carlson School not just to earn adegree, but to earn their stripes working

alongside cutting-edge researchers, teachers,and members of the local, national, andinternational business communities. Theworld’s foremost companies hire CarlsonSchool graduates knowing that our studentsunderstand the challenges of building abusiness. Just what is it that makes CarlsonMBA graduates different?

> A grasp of business theory above and beyond other MBA graduates, taught by faculty who are counted among the world’s most prolific and most cited business researchers.

Forty percent of Carlson School graduate studentsstudy abroad, and all of our study abroad programsinclude collaborations and projects with leadingglobal companies.

> Hands-on, real-world experience. The Carlson School doesn’t simulate business. We build it.

The Carlson School Enterprises are one of the largest, most recognized, and most innovative groups of professionally-led student businesses.

> A foundation in business leadership supported by collaborations with the Twin Cities’ top executives.

Minnesota is home to 20 Fortune 500 companies,including four Fortune 100 companies headquarteredin Minneapolis/St. Paul.

A Carlson MBA has a proven currency. Withinthree months of graduating, 93 percent of theFull-Time MBA Class of 2007 students hadoffers of employment. Learn how a CarlsonMBA graduate can help your business grow.

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“ In the past few years, we’ve hired moremarketing candidates from the Carlson School than ever before. Our proximity to the school allows us to maintain a close relationship and really get to know the students. The school’s focus on brandmanagement skills development, demonstrated by the Brand Enterprise program and the Elite 8 case competition, helps attract and educate the type of strongmarketing candidates we’re lookingfor at General Mills.”

John MachuzickSenior Vice PresidentPresident, Bakeries & Foodservice DivisionGeneral Mills

“ At Ecolab, we have had great success withstudents from the Carlson School.They come to us well prepared, and ready to make an impact on our business. I believe this is because the Carlson School has created a program that blends togetheracademics with hands-on experience for the students.”

James H. WhiteSenior Vice President Strategy & Marketing DevelopmentEcolab, Inc.

Employment by industry

Manufacturing . . . . . . . . . . . . . . . . . . . . . . . . .22%Consulting services . . . . . . . . . . . . . . . . . . . . . .7%Financial services . . . . . . . . . . . . . . . . . . . . . .20%Consumer products . . . . . . . . . . . . . . . . . . . .10%Pharma/Biotech/Healthcare products . . . .16%Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .25%

Full-Time MBA class of 2007

Base salary range . . . . . . . . . . . $52,000–122,000Mean base salary . . . . . . . . . . . . . . . . . . . . . $87,188Mean bonus . . . . . . . . . . . . . . . . . . . . . . . . . $15,852Class size. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94Graduates employed . . . . . . . . . . . . . . . . . . . . 93%

Finance /accounting

Consulting

Marketing /sales

Generalmanagement

Mean $83,944

Mean $93,280

Mean $93,834

Mean $84,445

$52,000–96,000

$55,000–120,000

$66,000–122,000

$52,672–100,000

$40,000 $60,000 $80,000 $100,000 $120,000 $140,000

Midwest90%

West3%

International4%

Marketing/sales28% Finance/accounting

29%

Consulting16%

Generalmanagement

10%Operations/production

6%Other10%

Northeast3%

4 5

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Employment by function

IT1%

Employment by region

Base salary range by function


Total number of applicants . . . . . . . . . . . . . . .418Enrolling students . . . . . . . . . . . . . . . . . . . . . . .124Average GMAT score . . . . . . . . . . . . . . . . . . .641Average age at matriculation . . . . . . . . . . . . . .28Female students . . . . . . . . . . . . . . . . . . . . . . . .35%Minority students . . . . . . . . . . . . . . . . . . . . . .10%International students . . . . . . . . . . . . . . . . . .40%Average full-time work experience . . . .4.8 years

Businessadministration

41%

Socialsciences

12%Economics

11%Science& math

11%

Engineering20%

Humanities5%

Other U.S.17%

Minnesota38%

International40%

Border states(WI, IA, SD, ND)

5%

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Academic areas of study

Marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17%Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .28%MIS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5%Operations/supply chain . . . . . . . . . . . . . . . . .5%Consulting . . . . . . . . . . . . . . . . . . . . . . . . . . . .17%Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12%Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11%

Undergraduate majors

Class of 2008 internships

Companies that offered internships . . . . . . . . . .43Percentage of students with internships . . . . .97%Average internship salary . . . . . . . . . . .$31.45/hour

Geographic representation

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Total number of applicants . . . . . . . . . . . . . . .503Enrolling students . . . . . . . . . . . . . . . . . . . . . . . .93Mean GMAT score . . . . . . . . . . . . . . . . . . . . . .661Average age at matriculation . . . . . . . . . . . . . .28Female students . . . . . . . . . . . . . . . . . . . . . . . .27%Minority students . . . . . . . . . . . . . . . . . . . . . . .8%International students . . . . . . . . . . . . . . . . . .29%Mean full-time work experience . . . .4.49 years

Midwest 71%

Southwest3%

Northeast5%

Businessadministration

32%

Engineering15%

Economics11%

Science& math

18%

Social sciences12%

Humanities11%

West12%

Academic areas of study

Marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20%Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24%MIS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6%Operations/supply chain . . . . . . . . . . . . . . . . .6%Consulting . . . . . . . . . . . . . . . . . . . . . . . . . . . .24%Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10%Undecided . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9%


Mid-Atlantic6%

South3%

Other1%

8 9


Carlson School students in theMaster of Arts – Human Resourcesand Industrial Relations (MA-HRIR)

program graduate with an outstandingreputation. The program ranks among the topthree in the nation year after year.

Through the balanced HRIR curriculum, stu-dents gain a thorough understanding of contem-porary practices and the underlying theoriesthat are necessary for a successful career.Students explore HR issues within the broadereconomic, financial, technological, ethical,global, and cultural environment to give them arich foundation for decision-making. The livingbusiness laboratory of Minneapolis and St. Paulprovides internships, field projects, and mentorsfrom dynamic, global companies.

Leading companies from coast to coasteagerly recruit Minnesota students for summerinternships and full-time positions. These students are some of the most prepared andenthusiastic candidates available to fill key HR positions in any organization.

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MA-HRIR key features

> Consistently ranked among the top threeprograms in the country.

> The alumni and faculty are internationalleaders in HR. Alumni have HR leadershippositions internationally and locally incompanies big and small, and the faculty arerecognized worldwide for their cutting-edgescholarship.

> Uniquely situated in a leading businessschool providing the latest in technology,business trends, and opportunities forMBA coursework.

> Located in a major metropolitan area with a thriving business community providingrich opportunities for networking anddevelopment.

> The curriculum covers all aspects of human resources and industrial relationsfrom core functions such as staffing andcompensation to contemporary challengessuch as diversity, leadership, and inter-national HR. Many students also takefinancial accounting and other MBAcourses.

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Full-Time MA-HRIR class of 2007

Base salary range–overall . . . . . . .$44,000–80,000Average base salary–overall . . . . . . . . . . . . . .$67,246Base salary range–local* . . . . . . . . .$57,000–80,000Average base salary–local* . . . . . . . . . . . . . . .$65,200Base salary range–national** . . . .$44,400–76,000Average base salary–national** . . . . . . . . . . .$67,733Class size . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .55Graduates with employment offers . . . . . . . . . .98%

* These positions fill specific assignments at locally basedcompanies around the U.S. These companies are notnecessarily local to the Twin Cities but are of a local nature in their respective cities.

** These are developmental positions at national companiesacross the U.S. Examples of these companies in the TwinCities include 3M, General Mills, and Medtronic.


South3%

Mid-Atlantic3%

West6%

Midwest73%

Northeast15%

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“ Hewlett-Packard has recruited humanresources and industrial relations graduatestudents from the University of Minnesota’sIndustrial Relations Center for nearly 30years. Many of these recruits have grownquickly to positions of significant HRleadership in our company, and today wehave a great number of Minnesota grads aspart of our HR function. We have alwaysfound the quality of graduates from theprogram to equal the best of any school in the U.S.”

Bob TreriseVice President, Human ResourcesHewlett-Packard

MA-HRIR class of 2008

Enrolling students . . . . . . . . . . . . . . . . . . . . . . . .72Average undergraduate GPA . . . . . . . . . . . . . .3.4Average age at matriculation . . . . . . . . . . . . . . .25Female students . . . . . . . . . . . . . . . . . . . . . . .64%Minority students as a percentage

of domestic enrollment . . . . . . . . . . . . . . . .30%

Psychology26%Other

32%

Business and economics

35%

Humanresources

7%

Minnesota14%

Other U.S.21% Border states

(WI, IA, SD, ND)7%

International58%

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Class of 2008 internships

Companies that offered internships . . . . . . . . . . .40Percentage of students with internships . . . . . .78%Average internship salary . . . . . . . . . . . .$26.38/hour

MA-HRIR class of 2009

Enrolling students . . . . . . . . . . . . . . . . . . . . . . .66Average undergraduate GPA . . . . . . . . . . . . .3.45Average age at matriculation . . . . . . . . . . . . . . .25Female students . . . . . . . . . . . . . . . . . . . . . . .70%Minority students as a percentage

of domestic enrollment . . . . . . . . . . . . . . . .20%

Psychology38%

Other21%

Business andeconomics

33%

Humanresources

8%



Minnesota21%Other U.S.

27%

Border states(WI, IA, SD, ND)

12%

International40%



The brightest students in one of thecountry’s best programs—that’s theCarlson School Undergraduate

program. The program is ranked 12th nationallyand 7th among public universities. Incomingfreshmen rank in the top six percent of theirgraduating classes.

A Carlson School undergraduate has the practi-cal skills and real-life business experience tobecome a corporate asset from day one. Locatedin Minneapolis, one of the nation’s leadingFortune 500 business communities, the CarlsonSchool offers learning opportunities that won’tbe found elsewhere.

> The Emerging Leaders program requires students to complete 15 hours of activity in four areas: leadership, community service,diversity, and career development.

> The Carlson School Ambassadors program gives students the opportunity to represent the school and the University at high-profile events throughout the year.

The Carlson School Undergraduate programbuilds strong communication, team, and tech-nology skills through 13 innovative major programs. The undergraduate experience isrounded out by participation in any of 25 studentorganizations, internship and mentorshipopportunities, an honors program, regular inter-action with the business community, studyabroad programs, and access to the many otherresources of a major urban university.

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“ Carlson School students are second to nonewhen it comes to being prepared for interviews. The students have a variety of outstandingexperiences ranging from study abroadprograms to excellent internships, and alwayscome prepared to share their stories. We know that when we interview a Carlson Schoolstudent, we are interviewing one of the best and brightest students in the country.”

Amber GordonHuman Resources RepresentativeTarget

“ Carlson School undergraduate students bringan unparalleled combination of classroomlearning and real-world business experienceto their roles at 3M. The students havedemonstrated the ability to deliver creativeand innovative solutions to complexsituations, backed with solid data-drivenbusiness analysis. Additionally, theirwidespread involvement in study abroadprograms has made them better prepared todrive growth in the global markets 3Mserves.”

Nathan MalekManager3M Strategic Business Development

BSB class of 2007

Base salary range . . . . . . . . . . . .$25,000 – 87,500Mean base salary . . . . . . . . . . . . . . . . . . . .$48,532Recruiting companies . . . . . . . . . . . . . . . . . . .629

Humanresources

Marketing/sales

$33,000-74,000

$25,000-69,000

$31,530-55,000

$32,500-55,000

$34,320-87,500

$49,000-56,000

Accounting

Finance

MIS

Actuarialscience

Mean $52,500

Mean $57,482

Mean $48,470

Mean $46,610

Mean $44,941

Mean $48,100

Consulting

Investmentbanking

Supply chain/operations

Generalmanagement

$30,000-60,000

Mean $50,608

$25,000 $35,000 $45,000 $55,000 $65,000 $75,000 $85,000 $95,000


Employment by major

Midwest88%

Finance36%

Actuarialscience

1%

Entrepreneurship3%

Accounting15%

Human resources

4%

Marketing28%

MIS5%

Supplychain

5%

Northeast4%

West4%

Internationalbusiness

2%

2006–2007 internships

Mean base wage . . . . . . . . . . . . . . . . .$16.22/hourBase wage range . . . . . . . . . . . .$7.00–29.81/hourRecruiting companies . . . . . . . . . . . . . . . . . . .412

$32,000-53,000

Mean $47,576

$30,000-65,000

Mean $53,947

$44,000-55,000

Mean $48,8oo

18 19

BSBB

SB

South0.5%

Undisclosed3.5%

Base salary range by function

Riskmanagementand insurance

1%

2007–2008 undergraduate class profile

Fall 2007 enrollment . . . . . . . . . . . . . . . . . . .1,865Male students . . . . . . . . . . . . . . . . . . . . . . . . . .52%Female students . . . . . . . . . . . . . . . . . . . . . . .48%Minority students . . . . . . . . . . . . . . . . . . . . . .14%Average GPA at graduation . . . . . . . . . . . . . . .3.5Average GPA of transfer students . . . . . . . . . .3.7Students with double major . . . . . . . . . . . . .48%5-year graduation rate . . . . . . . . . . . . . . . . . . 86%

( 29% above national average )Retention rate from freshmen to sophomore year . . . . . . . . . . . . . . . . . . . . . . . 95%Students that study abroad . . . . . . . . . . . . . .47%



2007 freshman class profile

Number of applicants . . . . . . . . . . . . . . . . . .3,823Admitted students . . . . . . . . . . . . . . . . . . . . . .866

( 24% of applicants )Matriculates . . . . . . . . . . . . . . . . . . . . . . . . . . .450

( 47% of admits )Average high school rank . . . . . . . . . . . . . . .94%

( 52% in top 5% )Average ACT composite score . . . . . . . . . . . .27.9

( top 7% of college-bound seniors )Female students . . . . . . . . . . . . . . . . . . . . . . .50%Minority students . . . . . . . . . . . . . . . . . . . . . .14%

Minnesota72%

Wisconsin16%Other U.S.

10%

International2%

20 21

BSBB

SB

Entrepreneurship13%

Marketing22%

Accounting15%

Riskmanagement & insurance

3%

Internationalbusiness

5%

MIS5%

Supply chain

6%General

management1%

Humanresources &

industrialrelations

3%

Actuarialscience

1%

Finance26%

These employers are among those who recruitand hire Carlson School students:

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3MAbbott LaboratoriesAbercrombie & FitchAccentureADCAEGON GroupAerojetAldiAlliant TechsystemsAllianzAmerican ExpressAmerican Medical SystemsAmeriprise Financial Andersen CorporationAnheuser-BuschAssociated BankBearingPointBest BuyBoston ScientificBristol-Myers SquibbBuckleC.H. Robinson WorldwideCargillCarlson CompaniesChevronTexacoCisco SystemsCitigroupColgate-PalmoliveConAgraCox CommunicationsCredit SuisseCumminsData CorporationDeloitte ConsultingDeloitte & ToucheDiversified Financial

ConceptsDonaldsonDow Jones Dow Chemical Co.DuPontEatonEBF & AssociatesEcolabEnterprise Rent-A-CarEpic Systems

Ernst & YoungEssilor of AmericaExxonMobilFair IsaacFedExFidelity BankFord Motor CompanyFrito-LayGalliard Capital

ManagementGE Commercial FinanceGeneral ElectricGeneral MillsGMAC RFCGoldman SachsGoodyearGracoGrant ThorntonHershey FoodsHewlett-PackardHighJump SoftwareHollister CompanyHoneywell Inc.Hormel FoodsHoulihan Lokey Howard

& ZukinIBM CorporationILM Professional ServicesINGIngersoll-RandJeffrey Slocum &AssociatesJohnson & JohnsonJostensKenrich GroupKimberly-ClarkKohlsKPMGKurt Salmon AssociatesLand O’LakesLarson, Allen, Weishair

& CompanyLaSalle BankLawson Software

22 23

Lexmark InternationalLockheed MartinLurie Besikof Lapidus

& CompanyMarshMarshall Field’sMcFee Financial GroupMcGladrey & PullenMcKinsey & CompanyMedtronicMenardMerckMerrill LynchMicrosoftMoore WallaceNational OilwellNavigant ConsultingNeptune Technology

GroupNestle Waters North

AmericaNew Century Mortgage

CorporationNews America MarketingNorth Star Resource

GroupNorthrop GrummanNorthwest AirlinesNorthwestern Mutual OakRiver TechnologyOlsen Thielen & CompanyPepsi Bottling GroupPfizerPhilip Morris USAPiper JaffrayPolaris IndustriesPricewaterhouseCoopersProcter & GambleProgressive InsuranceProtivitiPulte HomesRaytheonRBC Dain RauscherRSM McGladreyRolls-RoyceRyan, Hodgins &

Associates CPAs

Schechter Dokken KanterAndrews & Selcer

Scientific AtlantaSecurianSelect ComfortShell OilSPX CorporationSt. JudeSt. Paul TravelersState FarmStock Building SupplyStryker Micro ImplantsSun Life FinancialSUPERVALUSwift TransportationTarget Thomas Industrial

NetworkThomson CorporationThrivent Financial for

LutheransToroTransport AmericaTyco InternationalUnitedHealth GroupUniversal DataUS BancorpU.S. Department of the

TreasuryU.S. Securities and

Exchange CommissionValsparVision-Ease LensVirchow, Krause &

CompanyWachovia WalgreensWal-Mart Watson Wyatt WorldwideWells FargoWest, a Thomson businessWhirlpool WipfliXcel EnergyZimmer Spine

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