Employment Report

Transcription

1 Employment Report

2 Founded in 1997, MIT s career compatible System Design and Management (SDM) program is the Institute s first graduate-level, distance learning, degree granting program. SDM was created to educate future technical leaders in architecting, engineering, and designing complex products and systems and to give them the leadership and management skills necessary to work successfully across organizations. SDM, a program within the Engineering Systems Division, is sponsored by MIT Sloan School of Management and the MIT School of Engineering. It provides technical/engineering depth and management breadth, and leads to an MS in Engineering and Management granted jointly by the two schools. Several hundred students from dozens of organizations representing a wide range of industries have attended SDM. More than half of recently matriculated SDM students hold Masters or Doctoral degrees earned prior to entering the program. SDM s expanded offerings include a one-year graduate certificate program in systems engineering taught primarily at a distance, and a five-day workshop in systems engineering for organizational leaders. Detailed information is available at

3 MIT SDM Employment Report We are pleased to present the MIT System Design and Management Program Employment Report. This was once again an excellent year for SDM graduates in their search for employment, as many were hired into top level technical and managerial leadership positions. Employers recognize that the prior work experience of our grads (an average of 10 years upon entering SDM), the rigor of the SDM academic program, and the diversity of thought and experience among SDM colleagues equip SDM Fellows to communicate and lead across disciplines and to solve complex problems throughout organizations. Survey results of interest include the following: % of SDM Fellows graduating in May, 2005 are employed. 90% of the respondents found jobs before graduation with the remaining 10% finding work within three months after graduating 2. SDM Fellows received an average base salary increase of $21,700 over base salary prior to entering the SDM Program. This represents an increase of approximately 25%. 3. Consulting and Strategy job functions drew 40% of the 2005 SDM graduates 4. 60% of the SDM graduates received, on average, an 11% annual performance bonus with 50% of the graduates receiving an annual bonus averaging $13, 400. SDM FELLOWS EMPLOYMENT PROFILE 2005 Number of SDM Fellows Graduating in Number of Self-Sponsored Fellows 17 Number of Company-Sponsored Fellows* 16 Self-Sponsored Fellows seeking employment 12 Self-Sponsored Fellows found employment 12 Self-Sponsored Fellows continuing with their current employer 3 Self-Sponsored Fellow continuing with own business 1 Self-Sponsored Fellow continuing education doctoral program 1 Average age at entry 33 Average years of full-time work experience prior to SDM 10 *Note that SDM Fellows who are company-sponsored are not permitted to use the SDM placement resources and related activities. SDM takes pride in educating future leaders for employment in industries and organizations as diverse as non-profits, aerospace, financial services, and for technology consulting and leadership roles in product development, business strategy, and operations. We welcome your participation in the SDM recruitment activities. All of us at the SDM program office look forward to working with you. Helen M. Trimble Director, SDM Career Development

4 Employers Hiring SDM Self-Sponsored Fellows from Adobe Systems Analog Devices Apple Computer Arthur Anderson AT Kearney Bank of America Boeing Integrated Defense Systems Claraview Cisco Systems Computer Associates, International Ernst and Young Intel Corporation Linden Technologies McKinsey & Co MIT MITRE Morgan Stanley & Co. Motorola Oat Systems PhatRat Technologies Pratt & Whitney, United Technologies Corporation Raytheon Sandia National Laboratories Sun Microsystems Teradyne Top Quadrant Toyota Motor Company United Technologies Research Center Verizon World Bank 2005 FULL-TIME EMPLOYMENT OVERVIEW Base Salary Range $78,000-$135,000 Mean Base Salary $108,433 Median Base Salary $110,000

5 BASE SALARY BY JOB FUNCTION: Mean Median Percent Base Salary Base Salary Base Salary Range Consulting/Strategy 40% $107,000 $112,500 $78,000 - $125,000 Operations/Project Management 20% $100,000 $100,000 $90,000 - $110,000 Information Technology 20% $108,000 $108,000 $96,000 - $120,000 Marketing/Sales 10% $105,000 $105,000 $105,000 General Management/Leadership Development Program 10% $135,000 $135,000 $135,000 BASE SALARY BY GEOGRAPHIC LOCATION: Mean Median Percent Base Salary Base Salary Base Salary Range NORTHEAST 50% $115,000 $115,000 $90,000-$135,000 WEST 20% $115,000 $115,000 $110,000-$120,000 SOUTHWEST 10% $96,000 $96,000 $96,000 MIDWEST 10% $105,000 $105,000 $105,000 INTERNATIONAL 10% $78,000 $78,000 $78,000 BASE SALARY BY DEGREE OBTAINED PRIOR TO SDM PROGRAM: Mean Median Percent Base Salary Base Salary Base Salary Range BACHELORS DEGREE 40% $103,750 $107,500 $90,000-$115,000 MASTERS DEGREE (MS, ME, MBA) 60% $111,500 $117,500 $78,000-$135,000 BASE SALARY BY PROFESSIONAL EXPERIENCE: Mean Median Percent Base Salary Base Salary Base Salary Range 4 YEARS 10% $110,000 $110,000 $110,000 MORE THAN 4 YEARS, UP TO 8 YEARS 70% $109,000 $110,000 $78,000-$125,000 MORE THAN 8 YEARS 20% $112,500 $112,500 $115,000-$135,000

6 SOURCE OF JOB: 40% MIT Careers Office 50% Student Facilitated Activities 10% LFM/SDM Recruiting Week TIMING OF JOB OFFERS: Percent of Students At Graduation 90% Three Months After Graduation 10% SIGNING BONUS: Percentage Receiving Bonus 50% Range of Signing Bonus $10,000-$20,000 Mean Signing Bonus $13,000 Median Signing Bonus $10,000 OTHER BONUSES/ STOCK OPTIONS: Percentage of Graduates Receiving Additional Compensation 70% 60% 50% 40% 30% 20% 10% 5,133 Shares* 11% of Base Salary* $13,400* $13,643* 0% Stock Options Performance Bonus Annual Bonus Relocation Allowance * Average compensation listed

7 CONTACTS Helen Trimble Director, SDM Career Development Pat Hale Director, SDM Fellows Program John M. Grace SDM Industry Co-Director Jonathan Griffith Director, Operations and Partner Integration Thomas J. Allen Professor, Sloan School of Management LFM/SDM Co-Director David Simchi-Levi Professor, School of Engineering LFM/SDM Co-Director

8 System Design and Management Massachusetts Institute of Technology 77 Massachusetts Avenue Building E Cambridge, MA Tel Fax Copyright MIT 2005