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February 2009 Archives


11 February 2009

Employment Report for the MBA Class of 2008

Industry

Percentage of Class

Median Base Salary

Median Signing Bonus

Consulting

27

$125,000

$20,000

Private Equity/LBO

14

$150,000

$32,500

Hedge Funds

8

$150,000

$25,000

Internet Services/E-Commerce

6

$115,000

$22,500

Investment Banking/Brokerage

5

$ 95,500

$40,000

Nonprofit

5

$ 80,000

n/a

Venture Capital

5

$155,000

n/a

Investment Management

4

$127,500

$19,125

Real Estate

4

$112,500

$15,000

Consumer Products

3

$100,000

$20,000

Pharma/Biotech/Healthcare

3

$103,750

$20,000

Consumer Electronics/Hardware

3

$115,500

$10,000

Media/Entertainment

3

$ 96,000

$20,000

Tech-Software

3

$110,000

$15,000

Other Services

3

$ 75,000

n/a

Financial Services-Diversified

2

$115,000

$40,000

Petroleum/Energy

2

$110,000

$28,500

Manufacturing

1

$115,000

n/a

Total does not equal 100% due to rounding.

Top Functions: Consultant 29%; Private Equity 16%; Investment/Portfolio Manager 8%; Product/Brand Manager 8%

Base Salary: median $120,000 (range $30,000-$250,000)

Signing Bonus: median $20,000 (range $2,500-$200,000)

Other Guaranteed Compensation: median $40,000 (range $2,000-$250,000)

Source: Career Management Center


17 February 2009

That's Entertainment

It's award season for the U.S. film industry, culminating with the Oscars on 22 February. Many GSB alumni play a significant role in the entertainment world, including Jeff Bewkes '77, President and CEO of Time-Warner, Inc.; Micheline L. Chau '76, President and COO of Lucasfilm, Ltd.; Yair Landau '89, President of Sony Pictures Entertainment; Ali Rowghani '02, CFO and Senior Vice President of Strategic Planning for Pixar Animation Studios; Tom Staggs '87, CFO and Senior Executive Vice President of The Walt Disney Company; and Andrea Wong '93, President and CEO of Lifetime Networks.

After leaving eBay, Jeff Skoll '95 founded Participant Media, which has produced many Oscar-nominated films, such as Murderball, The Kite Runner, and Good Night, and Good Luck, while its films Syriana and An Inconvenient Truth were both winners. If you watch the Oscars, keep an eye out for the Best Actor category. Richard Jenkins is nominated in this category for Participant's film The Visitor.

The arts are thriving right here on campus as well. Membership in the GSB's Arts, Media, and Entertainment Club has grown steadily, and now includes more than 140 MBA students. Many members have held positions at MTV, Disney, Universal, and Fox, to name a few. The club's big initiative this year is the Breaking into the Industry series, which brings industry insiders to campus for discussions about specific entertainment functions such as production, digital media, and corporate strategy. Also popular on campus is the Leadership in the Entertainment Industry course, which will be taught again this spring by Bill Guttentag, a two-time Oscar-winning documentary and feature film writer, producer, and director.

And finally, here's a movie viewing tip: The film Bottle Shock was released this month to DVD. Produced by GSB alumni Marc Lhormer '86 and J. Todd Harris '86, the movie chronicles California wine making and the now-infamous blind wine tasting of 1976 which changed the future of the wine industry. The film was an official selection at the 2008 Sundance Film Festival, so look for it at your local video store.


24 February 2009

Winning Words

Andreata Muforo, MBA 2009 We're excited to announce that second-year MBA student Andreata Muforo won the Social Equity Venture Fund (S.E.VEN) "Entrepreneurial President" essay competition and a $20,000 scholarship. Assuming the role of policy advisor to President Paul Kagame of Rwanda, she wrote an essay on "Developing Rwanda's Private Sector through Entrepreneurship," which will be presented to President Kagame.

Andreata's essay was selected through a competitive review process that included a jury of leading business executives and development experts. Her essay was chosen from more than 650 submissions, received from more than 450 institutions and 35 countries, with submissions from places as diverse as Iran to China, and Peru to Burundi.

Andreata, who was born and raised in Harare, Zimbabwe, is understandably very excited about receiving the award, but she says she also feels "humbled by the opportunity to potentially impact a country."

For more information, visit http://www.sevenfund.org/press-release-feb-2009-president-awards.php.


25 February 2009

Round 2 Interview statistics

As of this morning, we have invited 275 second-round candidates to interview. We will extend an additional 100-125 interview invitations to second-round candidates in the next couple of weeks.

During that same period, we plan to interview some of the first-round candidates who accepted spots on the waitlist without having interviewed.

I hope this is helpful,
Derrick