Welcome to the MIT Careers Office report on the initial post-graduation plans of Class of 2004

undergraduate and graduate students. The information it includes, along with anecdotal accounts

and responses to our 2005 employer survey, indicate the versatility of an MIT education. Our

graduates are seen as assets across a broad range of organizations, fields and functions. This

breadth dovetails with their diverse career interests and aspirations.

Thanks to a grant from Cisco systems, the Graduating Student Survey has been administered,

and the findings posted, online since 2002. We are glad to be able to gather and provide this data

electronically, and especially pleased with the 2004 response rate of 74% -- up 20% from last

year. We welcome your questions, suggestions and requests, with the goal of producing as

useful a report as possible.

Best regards,

Elizabeth Reed

Director, MIT Careers Office

Welcome to the 2004 MIT Careers Office Annual Graduating Student Survey Report.

Please take a moment to learn more about the survey and the data we collect and present.

PURPOSE:The purpose of the Graduating Student Survey (GSS) is to promote an accurate understanding of the immediate post-graduation plans of all (undergraduate to PhD) graduating MIT students and to provide data for related career issues.

METHOD:THE GSS is a completely voluntary web-based survey. The survey was emailed as a link multiple times throughout the late spring and early summer in an effort to capture as much of the graduating student population as possible. Altogether, 1602 (or 74%) graduating MIT students participated in the 2004 Survey. The 74% response rate represents a 20% increase over the 2003 Survey.

RESULTS:All data are presented anonymously in aggregate form. Due to the variety and various levels of MIT degrees granted, the majority of statistics presented are related to specific subsets of the population (e.g., undergraduate, PhD, major, etc.) and are labeled accordingly. This is done to provide more meaningful and accurate data. Any data not labeled should be assumed to represent the entire sample.

The majority of results are presented in table format for ease of reading and comparison.Many tables contain empty cells. This is for two reasons; first, not all majors offer all types of degrees, and second, fewer than two students from that major and degree level responded to the survey question.

The remainder of this report presents the data that we collect and analyze. We highly recommend that you start with the Frequently Asked Questions, which highlight our most common requests for information.

The MITCO Data CommitteeJohn NonnamakerMalaika SilcottSaqi Ghosh

2004 MIT RECRUITING STATISTICS FREQUENTLY ASKED QUESTIONS

WHAT PERCENTAGE OF UNDERGRAD & MASTERS STUDENTS GO ON TO

WORK VS. GRADUATE SCHOOL?

Degree Graduate School Work Undecided SB 52% (357) 43% (293) 5% (38) SM 27% (88) 66% (221) 7% (24)

MEng 2% (24) 73% (83) 5% (6) MBA 1% (2) 95% (229) 4% (9) PhD 2% (4) 94% (149) 4% (6)

WHAT IS THE AVERAGE SALARY OF WORKING MIT GRADUATES?

SB: $ 62,862 MEng: $ 69,500 SM: $ 78,757 MBA: $102,610 PhDs Going Into Post-Docs: $ 44,974 PhDs Going Into Industry: $ 85,898 PhDs Going Into Academia: $ 93,643

LAST YEAR, WHICH EMPLOYERS HIRED THE MOST MIT GRADUATES?

WHAT PERCENTAGE OF 2004 PhDs GO INTO INDUSTRY, GOVERNMENT,

ACADEMIA, POST-DOCS, CONTINUE THEIR EDUCATION, OR ARE UNDECIDED (N=158)

Employer # of Hires* McKinsey 24 Microsoft 18 MIT 14 Oracle Corporation 14 Goldman Sachs 13 IBM 13 Boston Consulting Group 11 Northrop Grumman 11 Bain & Company 10 United States Air Force 10 Lehman Brothers 9 Intel 8 Boeing 7 Draper Labs 7 JP Morgan 7 Raytheon 7 Deutsche Bank 6 Harvard University 6 United States Navy 6

Industry, Government, or

Business

Academia

Post-Doctoral Fellowships

Continuing Education

Undecided

49 % (n= 77)

17 % (n=27)

28% (n=44)

2% (n=4)

4% (n=6)

WHAT WERE THE TOP 10 GRADUATE SCHOOL DESTINATIONS FOR 2004 GRADUATES?

Top 10 destinations for graduate school (in order of number of students matriculating):

WHAT PERCENTAGE OF INTERNATIONAL UNDERGRADUATE & MASTERS GRADUATES FIND JOBS IN THE US? 37%

WHAT PERCENTAGE OF INTERNATIONAL PhD GRADUATES FIND JOBS IN THE US? 41%

WHAT PERCENTAGE OF MIT GRADUATES STAY IN MASSACHUSETTS TO WORK? 6%

WHAT PERCENTAGE OF MIT U.S. STUDENTS FIND JOBS OUTSIDE THE US? 4%

WHAT PERCENTAGE OF MIT GRADUATES TAKE JOBS IN FINANCE AND CONSULTING? 19%

WHAT PERCENTAGE OF MIT ENGINEERING MAJORS ENTER NON-ENGINEERING FIELDS? 22%

WHAT PERCENTAGE OF MIT GRADUATES TAKE JOBS IN AEROSPACE & DEFENSE (including military) SECTOR ? 5%

WHAT PERCENTAGE OF MIT GRADUATES TAKE JOBS IN FEDERAL, STATE OR LOCAL GOVERNMENT? 1%

NUMBER OF EMPLOYERS WHO RECRUITED AT MIT IN 2003-2004: 442

School # of Students Attending

MIT 223 Harvard University 19 University of California – Berkeley 19 Stanford University 18 Johns Hopkins 5 Cornell 5 Northwestern 5 Yale 5 New York University 4 University of California – San Diego 4

2004 Undergraduate Industry & Employer Data

Industry # of Students

Employers

Average Salary

Salary Range

Investment Banking 43 Amaranth, American Express, Bain Capital, Citadel, Citigroup, Credit Suisse First Boston, Deutsche Bank, Dresdner Kleinwort Wasser, Goldman Sachs, Houlihan Lokey Howard & Zukin, JP Morgan, Lehman Brothers, Morgan Stanley, Pacific Alternative Asset Management Company ,Peak 6 Investments, Susquehanna International, Susquehanna Investment Group, The Taylor Companies, Thomas Weisel Partners, UBS Investment Bank, Wachovia Securities

$59,430

$50,000- $90,000

Aerospace & Defense 24 Boeing, GE Transportation, General Dynamics Communications, Lockheed Martin, NASA Johnson Space Center, Northrop Grumman, Raytheon, SRA International, United Technologies

$58,510

$38,000- $72,000

Management & Economic Consulting

18 Accenture, Applied Predictive Technologies, AT Kearney, Bain & Company, Boston Consulting Group, Charles River Associates, Claraview, Cornerstone Mortgage Corporation, Dean & Co, ERisk, IBM, International Biometric, Marketing and Planning Systems, Mars & Co, McKinsey & Co., Monitor Group, PA Consulting

$57,500

$45, 000- $100, 000

Computer & Electronic Products

15 Argon Engineering, ATR, Ernst and Young, Genesant, Hewlett Packard, IBM- Rational Software, Intel, International Biometric, International Rectifier, Microsoft, nVidia, Teradyne, Texas Instruments

$60,020

$50,000-$74,000

Software Development

15 Amazon , AMS, Argon Engineering, Cognizant, Endeca, Google, IBM, Merrill Lynch, Microsoft, Optiant Inc., Verizon,

$72, 487

$21,000- $153,000

Biological Science and Research Labs

12 Brigham & Women's Hospital, BU Medical Center, Dana Farber Cancer Institute, MGH, MIT, National Institutes of Health, UNE

$28, 417

$20,000- $38,500

Finance & Insurance 8 Boston Millennia Partners, Deutsche Bank, JPMorgan Chase, M & T Bank Corporation, Network Health, Susquehanna, Watson Wyatt

$54, 438

$42,000- $80,000

Federal Government – Military

8 U.S. Navy, US Air Force $32, 813

$22,500- $48,000

Scientific and Engineering Services

7 Environmental Resources Management, Exponent, MIT Taiwan Semiconductor Manufacturing Company, TRC

$43, 833

$35,000- $57,000

Federal Government – Civilian

6 AMS, Federal Government, Federal Reserve Board, NSA, United States Government

$43, 791

$35,000- $55,000

Other Engineering 5 MIT, Procter and Gamble, The Gillette Company, Verticalnet $53, 400

$47,000- $60,000

Other 5 Abt Associates, Campus Crusade for Christ, The Brookings Institution, Peace Corps

X X

Education 4 Boston University, Boston Teacher Residency, St. John's High School, Teach for America

$23, 250

$10,000- $35,000

Pharmaceuticals and Biotechnology

3 Draper Labs, Johnson & Johnson, MIT CSBi X X

Telecommunications 2 Boeing/Iridium, Orbital Sciences Corp. X X

Medical Instruments 2 Becton Dickinson, Cordis X X

Energy (Oil and Gas) 2 The Brattle Group X X

Transportation 1 IBI Group X X

2004 Masters Industry & Employer Data

Industry # of Students

Employers

Average Salary

Salary Range

Management & Economic Consulting

67 A.T. Kearney, Accenture, Alvarez & Marsal, AMS, Arnold Worldwide, Bain & Company, Booz Allen Hamilton, Boston Consulting Group, CACI, Corporate Executive Board, Deloitte, Marketing and Planning Systems, McKinsey & Company, Monitor Group, PA Consulting Group, PRTM, Roland Berger Strategy Co., Siemens, Simon Kucher & Partners, The Bridgespan Group,The Parthenon Group, Z S Associates

$99,220

$50,000- $160,00

Software Development

56 Akamai, Claraview, Deutsche Bank, Diamond Cluster International, Evertec, Inc., Fundtech Corporation, Goldman Sachs, Google, IBM, Icosystem, Integrity Applications, InterSystems, Lehman Brothers, Lincoln Labs, Microsoft, NCR Teradata, Novell, Opnet, Oracle, Pediatrix Medical Group, PeopleSoft, Poweradvocate, RealNetworks, RSA Security, Sapient Corporation, Square Enix, The MathWorks, Thomson Corporation, Visage Technology, WildPackets

$86, 512

$55,000- $200,00

Computer & Electronic Products

38 AMD, Analog Devices, Bluefire Securities, Dell, EMC, Hewlett-Packard, IBM, Intel, International Rectifier, Linear Technology, Micron Technology, Microsoft, MITRE Corporation, nVidia, Oracle, Orbital Sciences, Sandia National Labs, Silicon Laboratories, Inc, Sony, Synqor, Teradyne, Warner

$87, 971

$50,000- $110,000

Investment Banking 37 APAX, Banc of America Securities, Capital Group, Citadel Investment Group, Citigroup, CSFB, Dacheng Fund Management, DE Shaw, Deutsche Bank, Deutsche Bank, DRW Trading Group, Fidelity Investments, Fidelity Investments, Goldman Sachs, GP Investimentos, Industrial Bank of Taiwan, JPMorgan, Lazard Freres, Lehman Brothers, Merganser Capital Management, Merrill Lynch, Morgan Stanley, Musket Research Associate, PIMCO, Stonebridge Associates, Union Capital Corporation, Windham Capital Management

$102, 216

$45,000- $250,000

Aerospace & Defense 33 Aerospace Corporation, Analex Corp, Boeing, Draper Laboratories, DSO National Laboratories, General Electric Company, General Motors, Hamilton Sundstrand (UTC), Honeywell, JPL, Lincoln Laboratory, Lockheed Martin, NASA, Northrop Grumman Space Technology, Orbital Sciences, Pratt & Whitney, Raytheon, United Technologies, US Air Force

$81, 712

$40,000- $200,00

Finance & Insurance 12 Deutsche Bank, Embraco S.A., Goldman Sachs, Karsch Capital, Mass Mutual, MasterCard International, Masterfoods, Moody's Investors Service, Progressive Insurance, Tokyo Marine & Fire Co.

$100,000

$60,000- $245,000

Pharmaceuticals and Biotechnology

11 Amgen, Bayer Corporation, Bristol Myers Squibb, Credit Suisse First Boston, Eli Lilly and Company, IBM, LOreal USA, Merck & Co., Pfizer, VitaMed, Wyeth

$93,280

$53,400- $200,000

Transportation 11 AECOM Consulting, Amazon.com, Cambridge Systematics, Chicago Transit Authority, Cummins, Delta, East Japan Railway, Exel - Japan, JetBlue Airways, LAN, San Francisco County Transit

$72,136

$53,000- $95,000

Scientific and Engineering Services

10 CH2M HILL, Dominion Engineering, DSO, Exponent, Fermi National Accelerator Laboratory, IDA, Lincoln Labs, SEA Consultants Inc.

$60,150

$43,000- $90,000

2004 Masters Industry & Employer Data Continued

Industry # of Students

Employers

Average Salary

Salary Range

Energy (Oil and Gas) 10 Biological Energy Corporation, Constellation, Electricite de France, EPDC, Exxon Mobil, Schlumberger, SembCorp Marine, Singapore

$82, 600

$42,000- $140,000

Electrical Engineering 9 Exponent, Hewlett Packard, LG Electronics, MIT/Lincoln Labs, Nvidia, Qualcomm, Inc, Samsung, Teradyne

$77,750

$70,000- $99,000

Education 9 MIT, North Central Charter, Polytechnic University, Pomona College, The Harker School, University of Maryland

$41, 100

$3,000- $64,000

Construction, Design, and Civil Engineering

8 Arup, Exponent, McKinstry, Moffatt & Nichol Engineering, Skidmore Owings Merril, Weidlinger Associates

$63,857

$42,000- $100,000

Other Engineering 8 ALPHATECH, C&S Wholesale Grocers, Clorox, Design Continuum, Hill's Pet Nutrition, McMaster-Carr, Sandia National Labs, Westinghouse Electric Company

$73, 250

$54,000- $100,000

Other 8 Alaska Democratic Party, Singapore Government, Clean Air Cool Planet, Reebok, Internews Afghanistan, Japanese government, PSA International- Singapore

$56, 750

$24,000- $120,000

General Business and Professional Services

7 Amazon.com, Apple Computer, AT Kearney, Digitas, LLC, W.R. Grace, WCI Communities

$90, 00

$80,000- $100,000

Federal Government – Military

7 Canadian Dept. National, U.S. Air Force, U.S. Navy, USN

$46,167

$20,000- $80,000

Commercial Banking 6 Banco Itau, Banco Santander, Bank of Tokyo-Mitsubishi, Citigroup, Consumer Financial firm, HSBC

$105,000

$60,000- $150,000

Federal Government – Civilian

6 U.S. Dept. of Transportation, Universal Vision Biotechnology, US Air Force, US Navy, US Nuclear Regulatory Commission

$50, 239

$23,000- $100,000

Manufacturing 5 American Axle, Mitsubishi Corporation, Lowe's Companies, Tenaris Toyota

$98,000

$85,000- $115,000

Medical Instruments 5 Becton Dickinson, Boston Scientific, Johnson & Johnson, Medtronic, Xillix Technologies

$81, 600

$60,000-$110,000

Law 4 Fish & Richardson P.C., Wolf Greenfield, & Sacks $82, 500

$80,000- $85,000

Telecommunications 5 Avaya, Lucent, Nokia, OmniGuide Communications,

$85, 200

$71,000- $95,000

Architecture 2 Lohan Caprile Goettsch Architecture Saad Acoustics

X X

2004 PhD Industry & Employer Data

Industry # of Students

Employers

Average Salary

Salary Range

Education-Faculty 24 University of Texas, Dartmouth, University of Michigan, IESE business school, Cornell, Northwestern University, Lehigh University, Yale University, Chicago GSB, College of the Holy Cross, North Dakota State University, Olin College, The College of William and Mary, UMASS, Amherst, University of Chicago, University of Pennsylvania, London School of Economics, Harvard University, Columbia University, Simon Fraser University, University of Western Ontario, University of Pittsburgh, University of Maryland, Pomona College

$93,643 $51,000-$160,000

Education-Post-Doc 21 Harvard University, Dartmouth, University of Michigan, MIT, Northwestern University, UMASS Amherst, Stanford University, University of Chicago, Carnegie Observatories, Caltech, Iowa State University, Arizona State University, Northwestern University, Case Western Reserve, University of Connecticut, University of Maryland

$44,974 $26,000-$71,000

Pharmaceuticals & Biotech

11 Baby Boost, Merck, Novartis, SmartCells, Inc.,, Schrodinger, Loreal USA

$73,500 $55,000-$100,000

Biological Science – Post-Doc

8 Hahn-Meitner-Institute, UCSF, Ali Sultan, James Collins, Boston University, MIT, Cancer Research UK

$36,143 $25,000-$40,000

Software Development

5 IBM, BBN, WildPackets, Oracle, Microsoft Research $87,750 $65,000-$110,000

Investment Banking 5 Lehman Brothers, Merrill Lynch, Integrated Finance, CSFB, Citigroup

$89,000 $55,000-$115,000

Aerospace & Defense 4 Institute for Defense Analysis, Jet Propulsion Laboratory, Draper Laboratory, Pratt & Whitney

$90,680 $90,000-$92,040

Engineering 3 PNNL, Fermi Nat-l Accelrator Laboratory, Sandia National Laboratory

$89,100 $84,000-$94,200

Electrical Engineering 3 MITRE, MIT $92,000 $85,000-$99,000

Other Engineering 3 Sandia National Laboratory, ALPHATECH, MIT $96,000 $92,000-$100,000

Computer & Electronic Products

3 3M, Sams ung, Orbital Science Corporation $68,000 $50,000-$89,000

Business 3 MITRE, Stevens X X Secondary Education 2 North Central Charter School X X Chemical Engineering 2 Draper Laboratory, Mass General Hospital X X Energy 1 Shell International Exploration X X Medical Instruments 1 Boston VA Medical Center X X Automotive 1 Bosch X X Other Chemical 1 Los Alamos National Laboratory X X Transportation 1 East Japan Railway X X Telecom 1 Internews Afganistan X X Commercial Banking 1 International Monetary Fund X X Federal Government – Civilian

1 U.S. House of Representatives X X

Federal Government – Military

1 Singapore Armed Forces X X

Other 1 Institute for Advanced Studies X X

2004 Undergraduate Employers by Department

Course (Course Number) Employers Civil & Environmental Engineering (1) Charles River Associates, IBI Group, The Brattle Group, TRC,

U.S. Navy Mechanical Engineering (2) Boeing, Boston Millennia Partners, Exponent, GE

Transportation, Goldman Sachs, Hewlett Packard, Northrop Grumman, Texas Instruments, The Gillette Company, U.S. Navy, United Technologies, US Air Force, Verticalnet

Materials Science and Engineering (3) Cognizant, Cordis, Draper Labs, NASA, Raytheon, TSMC

Architecture (4) AT Kearney

Chemistry (5) Lehman Brothers

EECS (6) Accenture, Amazon.com, AMS, Applied Predictive Technologies, Argon Engineering, Bain & Company, Boeing, Citadel, Claraview, Deutsche Bank, Dresdner Kleinwort Wasser, Endeca, Ernst and Young, General Dynamics Communications, Genesant, Goldman Sachs, Google, Hewlett Packard, IBM, Intel, International Biometric, JPMorgan Chase, Lehman Bros, Merrill Lynch, Microsoft, MIT, NASA, Northrop Grumann, NVidia, PAAMCO, Peace Corps, Peak 6 Investments, Procter and Gamble, SRA International, Susquehanna, Teradyne, Texas Instruments, U.S. Air Force, U.S. Navy, UBS Investment Bank, Verticalnet

Biology (7) Becton Dickinson, Brighan & Women's Hospital, Dana Farber Cancer Institute, Mars & Co, MGH, MIT, NIH, United States Government

Physics (8) ERisk, St. John's High School

Brain and Cognitive Sciences (9) Boston Teacher Residency, BU medical center, MGH, National Institutes of Health, Teach for America, UNE, United States Government

Chemical Engineering (10) ERM, International Biometric, Johnson & Johnson, Lehman Brothers, Marketing and Planning Systems, Monitor Group, Wachovia Securities

Ocean Engineering (13) Citigroup, Peace Corps

Economics (14) American Express, Boston Consulting Group, Campus Crusade for Christ, Credit Suisse First Boston, Dean & Company, Federal Reserve Board, Goldman Sachs, Houlihan Lokey Howard & Z, Lehman Brothers, The Brookings Institution

Management (15) AMS, Bain & Company, Bain Capital, Citigroup, Deutsche Bank, Dresdner Kleinwort Wasser, Goldman Sachs, International Rectifier, JP Morgan, Lehman Brothers, M & T Bank Corporation, Morgan Stanley, Network Health, Optiant Inc., PA Consulting, Thomas Weisel Partners, UBS

Aeronautics and Astronautics (16) Abt Associates, Boeing,Lockheed Martin, McKinsey & Company, NASA, Northrop Grumman, Orbital Sciences Corp., Raytheon,U.S. Navy,UBS Investment Bank, US Air Force

Mathematics (18) Amaranth, ATR, Cornerstone Mortgage Corp, NSA, The Taylor Companies, Verizon, Watson Wyatt

Nuclear Engineering (22) MIT

2004 Masters Employers by Department

Course (Course Number) Employers Civil & Environmental Engineering (1) AECOM Consult, Inc., Arup, Boeing, C&S Wholesale Grocers,

Cambridge Systematics, CH2M HILL, Chicago Transit Authority, Claraview Inc., Constellation, Deutsche Bank, Draper Laboratory, Evertec, Inc., Exponent, Goldman Sachs, Intel, Microsoft, MIT OCW, Moffatt & Nichol Engineer, Northrop Grumman Space, Oracle Corporation, PA Consulting Group Progressive Insurance, San Francisco County Tran, Sapient Corporation, Schlumberger, SEA Consultants Inc., Skidmore Owings Merrill, Tenaris, U.S. Army, Weidlinger Associates

Mechanical Engineering (2) American Axle & Manufacturing, Analex Corp,Becton Dickinson, Boston Scientific, Canadian Dept. National Defense, Cummins, Dell Inc., Design Continuum, Dominion Engineering, Exponent, General Electric Company, Intel, JPMorgan, McKinsey & Company, Medtronic, Pratt & Whitney, PSA, International, Singap, Raytheon, Sandia National Labs, Teradyne, The MathWorks, Toyota, USAF, Westinghouse Electric

Materials Science and Engineering (3) Intel Corp, PRTM, Schlumberger

Architecture (4) Lohan Caprile Goettsch, Polytechnic University, Saad Acoustics

Chemistry (5) EECS (6) A.T. Kearney, Accenture, Akamai, Alaska Democratic Party,

AMD, Analog Devices, Inc., Citadel Investment Group, Deutsche Bank, DRW Trading Group, Exponent, Fish & Richardson P.C., Goldman Sachs & Co., Google, Hewlett Packard, IBM, Integrity Applications Inc., Intel, International Rectifier, InterSystems Corp, J.P. Morgan Chase, Lehman Brothers, LG Electronics, Lincoln Laboratory, Linear Technology, McKinsey & Company, Microsoft, MITRE Corporation, Morgan Stanley, Northrop Grumman, Nvidia Corporation, Opnet, Oracle Corporation, Qualcomm, Inc, Samsung, Sandia Nat'l Labs, Silicon Laboratories, Inc, Square Enix, Synqor, Teradyne, The Harker School, US Air Force, WildPackets, Wolf Greenfield, Xillix Technologies

Biology (7) Physics (8) Universal Vision Biotechnology

Brain and Cognitive Sciences (9) Chemical Engineering (10) Bain & Company, Eli Lilly and Company, ExxonMobil, IBM,

McKinsey, Poweradvocate Urban Studies and Planning (11) Boston Consulting Group, Clean Air Cool Planet, Japanese

government, U.S. Dept. of Transportation EAPS (12) Bluefire Securities

Ocean Engineering (13) DSO, Exxonmobil, Lockheed Martin, WCI Communities

Economics (14) Management (15)

Adventis Consulting, Alvarez & Marsal, Amazon.com, AMS, APAX, Apple Computer, Arnold Worldwide, AT Kearney, Avaya, Bain & Company, Banc of America Securities, Banco Itau, Banco Santander, Bank of Tokyo-Mitsubishi, Bayer Corporation, BCG, Biological Energy Corporation, Booz Allen Hamilton, Boston Consulting Group, CACI, Capital Group, Citigroup, Consumer Financial, Corporate Executive Board, Credit Suisse First Boston, Dacheng Fund Management, DE Shaw, Deloitte Consulting, Delta, Deutsche Bank, Diamond Cluster International, Digitas, LLC, DSO National Laboratories, Embraco S.A., EMC, EPDC, Fidelity Investments, Fundtech Corporation, General Motors, Goldman Sachs, GP Investimentos, Hamilton Sundstrand (UTC), Hewlett-Packard, Honeywell, HSBC, IBM, Industrial

Management (15) Continued Bank of Taiwan, Intel, JetBlue Airways, Johnson & Johnson, Karsch Capital, LAN, Lowe's Companies, Lucent, MassMutual, MasterCard, International, Masterfoods, McKinsey, Merck & Co. Inc., Merganser Capital Management, Merrill Lynch, Micron Technology, Microsoft, MIT Sloan, Mitsubishi Corporation, Mizuho Financial Group, Monitor Group, Moody's Investors Service, Morgan Stanley, Musket Research Associate, Nokia, Novell, OmniGuide Communications, Oracle, PeopleSoft, Pfizer, PIMCO, PRTM, Raytheon, RealNetworks, Reebok, Roland Berger Strategy Co, RSA Security, SembCorp Marine, Singapor, Siemens, Simon Kucher & Partners, Singapore government, Sony, Stonebridge Associates, The Boston Consulting Group, The Bridgespan Group, The Parthenon Group, The Tokio Marine & Fire, Thomson Corporation, Union Capital Corporation, United Technologies, Viisage Technology, VitaMed, W.R. Grace, Windham Capital Managemen, ZS Associates

Aeronautics and Astronautics (16) Aerospace Corporation, Draper Laboratories, JPL, NASA, Northrop Grumman, Orbital Sciences, Raytheon, U.S. Air Force, U.S. Navy, Z S Associates

Political Science (17) Mathematics (18) Microsoft

Oracle Humanities (21) Microsoft

Nuclear Engineering (22) US Nuclear Regulatory Com

Linguistics and Philosophy (24) Biological Engineering (BE) Amgen, Bristol Myers Squibb, Clorox, MIT, CEHS, Wyeth

Operations Research (OR) Marketing and Planning Systems

Engineering Systems Division (ESD) Electricite de France, Exel, Hill's Pet Nutrition (Col, IDA, Lazard Freres, McKinsey, NCR Teradata, Warner

Heath Sciences and Technology (HST) MedStar Health, Pediatrix Medical Group

Comparative Media Studies (CMS) Icosystem, Microsoft

Systems Design & Management (SDM) Analog Devices, AT Kearney, McMaster-Carr

Science Technology and Society (STS)

2004 PhD Employers by Department

Course (Course Number) Employers Civil & Environmental Engineering (1) Mechanical Engineering (2) Sandia National Laboratory, Hahn-Meitner Institute, Intel, Bosch,

Harvard University Materials Science and Engineering (3) 3M, Draper Laboratory, North Dakota State University, Arizona

State University, Massachusetts General Hospital, Case Western Reserve University

Architecture (4) Chemistry (5) Harvard Medical School, Schrodinger, Harvard/MGH, University of

Massachusetts Medical School, Merck EECS (6) Boston VA Medical Center, Institute for Defense Analysis, Draper

Laboratory, BBN, MITRE, MIT, University of Michigan, The College of William and Mary, Lehigh University

Biology (7) University of California, San Francisco, MIT, US House of Representatives, Boston University, Harvard University

Physics (8) Northwestern University, Stanford University, Carnegie Observatories, Caltech, University of Maryland, Princeton University, Merrill Lynch, Cancer Research UK, Iowa State University, Argonne National Laboratory, University of Connecticut

Brain and Cognitive Sciences (9) MIT Chemical Engineering (10) Smart Cells, IBM, Harvard University, Putnam Investments Urban Studies and Planning (11) EAPS (12) Shell International Exploration, Harvard University Ocean Engineering (13) Economics (14) International Monetary Fund, Chicago GSB, University of Chicago,

Harvard University, Northwestern University, Yale University, University of Pittsburgh, Singapore Armed Forces

Management (15) Cornell University, UMass, Amherst, University of Pennsylvania, London School of Economics, Simon Fraser University, University of Chicago, Integrated Finance, University of Texas, Columbia University

Aeronautics and Astronautics (16) Jet Propulsion Laboratory, Pratt & Whitney, Olin College, Stevens Political Science (17) College of the Holy Cross, Dartmouth College Mathematics (18) National Science Foundation, Microsoft Research, Northwestern

University, University of Alberta, Institute for Advanced Studies Nuclear Engineering (22) Sandia National Laboratory, Samsung Corning Precision Linguistics and Philosophy (24) Dartmouth University Biological Engineering (BE) Operations Research (OR) Lehman Brothers, IESE Business School, National University of

Singapore Heath Sciences and Technology (HST) Baby Boost, MIT Science Technology and Society (STS) University of Western Ontario

2004 Employers of International Students Employers of International Undergraduates & Masters Graduates: Advanced Micro Devices, American Express, AMS, Applied Predictive Technologies, Arup Group, AT Kearney, Avaya, Inc., Banc of America Securities, Booze Allen Hamilton, Boston Consulting Group, Citigroup, Claraview, Cognizant, Consumer Financial firm, Credit Suisse First Boston, Cummins, Deutsche Bank, Dresdner Kleinwort Wasser, Dominion Engineering, Exponent, Fundtech, General Motors, Goldman Sachs, IBM, JP Morgan, Lazard Freres, McKinsey & Company, Merrill Lynch, Microsoft, MIT, Moody's Investors Service, OmniGuide Communications, Oracle, Sapient, Siemens, Simon Kucher & Partners, Skidmore Owings Merril, Susquehanna, UBS Investment Bank, Watson Wyatt, Westinghouse Electric, ZS Associates Employers of International PhDs: amsung Corning Precision, Intel, Bosch, Merck, Microsoft Research, University of Chicago, Lehman Brothers, Merrill Lynch, Integrated Finance, Putnam Investments, Massachusetts General Hospital, Boston University, Cancer Research UK, University of Texas, IESE Business School, Northwestern University, Lehigh University, Yale University, National University of Singapore, Columbia University, Harvard University, Iowa State University, Case Western Reserve University, Harvard Medical School, University of Alberta, University of Pittsburgh, MIT, Singapore Armed Forces, Institute for Advanced Studies

2004 Average Undergraduate & Masters Salary by Course (US Dollars)

(Number of respondents are in columns titled # after each salary amount. X represents 1 or no responses per cell.) N=528

Course (Course Number) SB # MEng # SM # MBA # MCP # Civil & Environmental Engineering (1) 46,600 5 61,200 10 75,238 21 Mechanical Engineering (2) 55,281 16 76,716 31 Materials Science and Engineering (3) 56,142 5 80,000 2 Architecture (4) X X 65,000 4 Chemistry (5) X X EECS (6) 62,082 83 71,586 36 82,429 14 Biology (7) 36,794 11 Physics (8) 34,875 4 Brain and Cognitive Sciences (9) 29,833 6 Chemical Engineering (10) 39,333 7 99,167 6 Urban Studies and Planning (11) 50,400 5 EAPS (12) Ocean Engineering (13) X X 68,375 4 Economics (14) 52,278 9 Management (15) 57,238 21 115,625 8 101,947 135 Aeronautics and Astronautics (16) 49,197 17 64,467 15 Political Science (17) Mathematics (18) 78,563 8 Nuclear Engineering (22) X X X X Biological Engineering (BE) 50,000 2 63,850 4 Engineering Systems Design (ESD) 89,643 7 Operations Research (OR) 55,000 2 Technology & Policy Program (TPP) 66,000 2 Health Sciences and Technology (HST) X X 192,500 2 Media Arts & Science (MAS) 73,000 2 Systems Design & Management (SDM) 87,333 3

2004 Average PhD Salary by Course & Employment Sector (Dollars) (Number of respondents are in columns titled # after each salary amount. X represents 1 or no responses per cell.) N=148

Course (Course Number) Industry/Gov. # Academics # Post-Doc #

Civil & Environmental Engineering (1) X X X X X X Mechanical Engineering (2) 91,500 2 X X 54,400 6 Materials Science and Engineering (3) 72,000 2 X X 54,750 4 Architecture (4) X X X X X X Chemistry (5) 87,500 4 X X 41,167 6 EECS (6) 91,857 7 90,333 3 X X Biology (7) X X X X 35,000 5 Physics (8) X X X X 41,857 7 Brain and Cognitive Sciences (9) X X X X X X Chemical Engineering (10) 88,333 3 X X X X Urban Studies and Planning (11) X X X X X X EAPS (12) X X X X X X Ocean Engineering (13) X X X X X X Economics (14) X X 117,500 5 60,500 2 Management (15) X X 117,571 7 X X Aeronautics and Astronautics (16) X X 92,500 2 X X Political Science (17) X X X X X X Mathematics (18) X X X X 51,000 7 Nuclear Engineering (22) 71,000 2 X X X X Linguistics and Philosophy (24) X X X X X X Biological Engineering (BE) X X X X X X Operations Research (OR) X X 87,500 2 X X Health Sciences and Technology (HST) X X X X X X Science Technology and Society (STS) X X X X X X Average (including all responses) 85,898 29 93,643 26 44,974 44