CONTACT: GEORGE MCCRORY
100 Old Public Library
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
Release: Sept. 9, 1999
Over 90 percent of UI business students placed in jobs
IOWA CITY, Iowa Over 90 percent of recent University
of Iowa Master of Business Administration and undergraduate business students
were placed in jobs after graduation, with finance, management information
systems and accounting grads earning the top starting salaries.
According to UI MBA Career Services, 91 percent of
UI MBA 1999 grads had offers at graduation and 82 percent had committed to
jobs at graduation. The statistics were compiled from a survey of 76 members
of the 1999 MBA class.
Deanna Hurst, director of the UI Business and Liberal
Arts Placement Office (BLAPO), said 94 percent of December 1998 undergraduate
business majors were placed in jobs. BLAPO statistics come from a six-month
follow-up survey of 193 graduates with bachelors of business or liberal arts
Kathie Decker, director of MBA Career Services, said
the job market for MBAs remains strong, with recruiters already looking for
May 2000 MBA grads. The average starting salary for a May 1999 graduate of
the UI MBA program was $65,960, up 7 percent. The average signing bonus $9,062,
a 17 percent increase from 1998.
Over half of the MBA grads went into finance or investment
positions, which paid an average of $67,603 per year. MBA students with management
information systems concentrations were also in demand, earning an average
Hurst said MIS grads with bachelor's degrees earned an
average starting salary of $43,800. Accounting was also a top field for UI
undergrads, with the average starting salary at $38,400 in 1998-99, up 14.6
percent from 1997-98. Signing bonuses for accounting grads averaged $2,400
and were reported by 44 percent of the students.
"These signing bonuses are usually unheard of for accounting
grads, and are usually offered for MBAs or high-tech and engineering grads,"
Hurst said. She attributed the salary increases to competition among accounting
firms for talented employees.
Employers seeking UI undergrads tended to be mostly
from the Midwest. According to the BLAPO survey, 36 percent of business graduates
had offers from Iowa firms, 35 percent from Illinois and 12 percent from other
For more information, contact Hurst at (319) 335-1023
or Decker at (319) 335-1021.
(Editor's note: complete BLAPO and MBA placement reports
are available by request.)