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UNIVERSITY OF CHICAGO M.B.A. GRADUATES STILL BEING HIRED IN SPITE OF THE ECONOMY

 UNIVERSITY OF CHICAGO M.B.A. GRADUATES STILL BEING HIRED
 IN SPITE OF THE ECONOMY
 CHICAGO, Sept. 1 /PRNewswire/ -- While the sluggish economy has made employers cautious, the hiring of M.B.A. graduates from the University of Chicago remained stable compared to a year ago, according to the latest job placement data released today by the University's Graduate School of Business.
 The number of companies conducting on-campus interviews also stayed steady, with 230 companies holding about 10,000 on-campus interviews.
 "The recession and conservative hiring practices did not dampen employer interest in University of Chicago M.B.A.'s," said Jeanne Husain, director of career services.
 "Our survey results confirm that graduates of top M.B.A. programs remain in demand in the business marketplace," Husain said.
 Businesses are synchronizing their hiring more closely with actual job vacancies, she said, which has led to greater use of the school's less structured recruitment services, such as its computer-based resume referral service.
 New graduates of the University of Chicago M.B.A. program showed a


diversity of career interests his year, according to the school's placement survey. The financial services industry attracted 40 percent of the class, with 28 percent of the graduates accepted jobs with manufacturing companies.
 Hiring by consulting firms increased to nearly 15 percent of the class, compared with 9 percent last year. The share of graduates hired by consumer goods companies declined to 9 percent from 12 percent the previous year.
 Base starting salaries remained steady compared with last year and ranged up to $140,800.
 New hires in the consulting industry reported a median starting salary of $70,000. Other leading employers of University of Chicago M.B.A.'s were the accounting industry, with a median salary of $65,000 for positions typically in consulting services, and the petroleum and energy industry, with a median starting salary of $58,000.
 Investment management firms paid a median starting salary of $56,000, while the salary for positions in commercial banking and at diversified financial services companies was $55,000.
 Deloitte and Touche, a large accounting firm, hired the most Chicago M.B.A. graduates this year, followed by McKinsey and Co., Hewlett Packard, J.P. Morgan and Procter and Gamble.
 About 39 percent of the graduating class accepted jobs in the Midwest, while 30 percent headed to the Middle Atlantic region -- primarily New York City -- and 9 percent went to the West Coast.
 Twelve percent of the graduates chose jobs outside of the U.S., compared with 10 percent last year.
 The University of Chicago Graduate School of Business, founded in 1998, is consistently ranked among the finest business schools in the world, according to surveys of corporate executives, alumni and deans.
 In 1982 it became the first business school in the world to have a Nobel laureate on its faculty.
 Current enrollment includes 1,139 full-time and 1,386 part-time M.B.A. students.
 -0- 9/1/92
 /CONTACT: University of Chicago office, 312-702-7128; or Allan Friedman (home) 708-724-0874; Debra Hale (home) 708-475-2285; or Barbara Backe (home) 708-418-5513, all of the University of Chicago/ CO: University of Chicago ST: Illinois IN: FIN SU:


TS -- NY011 -- 5266 09/01/92 08:40 EDT
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Date:Sep 1, 1992
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