Word: placement
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Companies will dangle annual paychecks averaging about $26,000 before 1983 graduates, according to the Northwestern University Endicott Report, a nationwide survey. That bait will be only about 4.8% above 1982 offers, however, which were 11.8% higher than in 1981. Observes Gretchen Thompson, career planning and placement director at the U.C.L.A. Graduate School of Management: "There is a glut of M.B.A.s on the market. So many no-name schools are turning out M.B.A.s that companies are looking for only the very best students with the best grades from the best schools...
...less-well-known institutions are therefore being hurt the most. Ball State University in Muncie, Ind., normally attracts some 300 corporate recruiters. This year only about 200 firms are expected to interview the school's 2,000 graduate and undergraduate business students. Says Placement Director Glenn Rosenthal: "We're finding a lot of employers canceling appointments that they had scheduled for March. We've tried to be honest with our students about the outlook, and yet at the same time not demoralize them...
...whose 1982 graduates earned salaries ranging from $15,000 to a lofty $85,800, has so far scheduled recruiters from 300 companies for interviews with its 782 graduating M.B.A. candidates. That corporate guest list is 8% smaller than the 1982 version, which was down 5% from the year before. Placement officers at M.l.T.'s Sloan School expect some 150 firms to call, down nearly 15% from the level of two years...
...prices. Exxon Corp., the largest U.S. industrial firm, plans to recruit at just 19 schools this season, compared with 50 a year ago. Part of the slack is being taken up by computer and electronics companies, as well as fast-growing younger firms. Says Arthur Letcher, director of graduate placement at the Wharton School: "The Fortune 500 companies are unquestionably not hiring as many students, but small companies in high-technology and health products industries are here...
Bill, who turned in nine bids to Harvard's placement office and only got one interview, was busy finishing up a take home final...