CONTACT: GEORGE MCCRORY
100 Old Public Library
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
Release: Sept. 26, 2000
UI business students find success in job search after graduation
IOWA CITY, Iowa -- Graduates from the Henry B. Tippie College of Business
have been successful in finding jobs over the past year, with 100 percent
of MBA students and 84 percent of undergraduate students finding employment
after graduation and an additional eight percent going on to graduate school.
According to UI MBA Career Services, average starting salary for a May 2000
graduate of the UI MBA program was $73,836, up 12 percent from 1999. The average
signing bonus was $12,466, an increase of 38 percent since last year. The
statistics were compiled from the 2000 MBA class of 65 students
Deanna Hurst, director of the UI Business and Liberal Arts Placement Office
(BLAPO), said 84 percent of December 1999 undergraduate business majors were
employed in professional positions with an average starting salary of $34,825.
BLAPO statistics come from a six-month follow-up survey of 206 graduates with
bachelor's of business or liberal arts economic degrees.
Kathie Decker, director of UI MBA Career Services, said the job market for
MBAs remains strong in a good economy, with nearly all placements occurring
before graduation. There was a high demand for graduates with MBAs in finance
and accounting (about half the class), with starting salaries averaging $74,913.
MBA students in marketing and sales had the highest average salaries of $77,300.
Students who graduated with degrees in accounting, economics and management
information systems (MIS) earned the highest average starting salaries for
undergraduates. Graduates with MIS degrees earned the highest salaries, starting
at $44,225, while accounting graduates placed in top firms earned $40,250,
and economics graduates earning $38,125.
Deanna Hurst, director of BLAPO, said that in addition to the increases
in salaries, there has also been considerable growth in the number of signing
bonuses for undergraduates. She said that in the past only MBA or highly technical
majors received these bonuses, but they have recently shifted to other areas
as a result of competitive recruiting.
The majority of employers who recruited UI business graduates came from
the Midwest. The BLAPO report indicated that 38 percent of the graduates took
jobs within Iowa, 37 percent went to Illinois, and 14 percent went to other
states in the Midwest.
MBA students also tended to stay in the Midwest, with 74 percent taking
jobs in neighboring states and 11 percent staying in Iowa.
For more information, contact Hurst at (319) 335-1023 or Decker at (319)
335-1025. (Editor's note: complete MBA placement reports are available at
and the complete BLAPO report is at http://www.biz.uiowa.edu/placemnt/libarts/Employer/empstats.html#Dec99)