Compensation
Hefty Expectations on Campus
The sizable salary and bonus expectations of MBA students have been somewhat dampened, according to Kennedy Information Research Group, which polled about 700 MBA students at the top 25 business schools in early spring. However, consulting firm compensation packages recently enjoyed a slight up-tick despite the economy's apparent slowdown.
Salary & Wages
Digging Deep
MBA students do not choose firms based on money. There is a stronger correlation between acceptance rate and how prestigious a firm is perceived to be, according to KIRG. The more a student knows about a firm, the more highly they think of it, KIRG's research concludes. The students also begin to believe that the quality of life is better at the firms of which they have an increased awareness. But, they also start to believe that their compensation packages at these chosen firms will be less than the others.
The message to firms looking to hire on campus? Get the word out about your firm.
Recruiting Trends
Let the Games Begin
When it comes to situations of head-to-head competition for the same candidate with another consultancy, McKinsey has retained its lead. Some firms, such as PwC and DiamondCluster, have low combat success rates because they cast wider nets, offering positions to a large number of students. On the other hand, IBM focused its attention on certain students, didn't have as many contests, and tended to win the ones that it entered.
Job Acceptance
I, MBA Grad, Take You, Firm …
Acceptance rates by MBA students were down slightly across the board. While KIRG did not track the number of students who began their job search by excluding management
consulting, anecdotal evidence shows that more students were taking positions outside of the profession.
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