Placement and Salary Statistics
LFM Class of 2004
Placement
Class size: 57
(8 Partner Company sponsored students and 49 non-sponsored free agents.)
Partner Companies
Other Mfg. Companies
Total Manufacturing
Other Operations
Consulting/Banking
Other Opportunities
Not placed by 7/15/04
Total employed graduates
Free agents hired by
Partner Companies
# Hired
26
8
34
3
10
5
5
52
% of Class
46
14
60
5
18
9
9
91
18
32
Students accepted positions with the following companies:
LFM Partner Companies: ABB, Agilent, American Axle, Boeing, C&S Wholesale
Grocers, Dell, Honeywell, Intel, Raytheon, Teradyne, UTC
Other Mfg. companies: Boston Scientific, Eli Lilly, IBM, ITT, Nissan, Schlumberger,
Toyota
Other Operations: Exxon Mobil, Target
Consulting/Banking: Azimuth Trust, Bain & Company, Booze Allen & Hamilton, Charles
River Associates, McKinsey & Company, McKinstry, PRTM
Other opportunities: Poweradvocate, Progressive Insurance, Siebel, WCI Communities,
Winter Properties
Sample job titles include:
• General Management
/Leadership Associate
• Operations / Project
Management
• Senior Supply Manager
• Strategic Project Manager
• Director of Strategic
Development
• Principal Operations Engineer
• Principal Mechanical
Engineer
• Product Manager
• Process Engineering Group Leader
• Supply Chain Program
Manager
• Die Room Manager
• Product Line Manager
Partner Company Hires
Company
ABB
Agilent
Alcoa
Axcelis
American Axle
Boeing
Celestica
C&S Wholesale
Dell
Eastman Kodak
Ford
Genzyme
GM
Honeywell
HP
Intel
Northrop Grumman
Polaroid
Raytheon
Sun
Teradyne
UTC
Visteon
Total
Hired
Total Hired
(nonsponsored)
(including
sponsored)
1
1
0
0
2
3
0
1
0
0
0
0
0
2
0
2
0
0
4
0
1
1
0
19
2
1
0
0
2
5
0
1
1
0
0
0
0
2
0
6
0
0
4
0
1
1
0
26
2
Source of Jobs
Through which source did students find the job they accepted?
# of
students
% of class
(non sponsored students)
11
8
19 %
14 %
0
3
8
6
14
7
0%
5%
14 %
11 %
25 %
12 %
LFM recruiting
Sloan/ MIT
recruiting
Outside source
Previous employer
Sponsored students
Internship Company
Other
Did not indicate
Salaries
All averages based on 46 complete survey responses.
The average base starting salary for the Class of 2004: $95,000
The average total bonus (includes signing, projected year end, and “other;” does NOT include
stock options; DOES include entries of zero): $19,500.
Base Salary Averages


Number of Yrs of Work Exp. Prior to LFM
1 to 2
3 to 5
6 or more All Years
*indicates N=1
**
**not all students responded
by years experience
All Students at All Companies
$95,500
$94,119
$94,356
$95,000
Partner Companies
Other Mfg CompaniesAll Students
Banking / Consulting
All Other Companies
$94,667
NA
$98,750
*
$95,250
$92,500
$96,250
$89,667
$92,000
*
$105,000
$91,667
$95,791
$89,800
$99,000
$93,111
Avg. Bonus
does not include
stock options;
includes signing,
projected year end,
and “other”
$19,500
$16,000
$22,500
$15,950
$13,670
3
Base Salary Averages
(geographical distribution)
Northeast:
Midwest:
Southwest
South
West Coast
$98,115
$91,400
$91,250
$86,814
$100,769
Average Bonus: All averages based on 46 survey responses.
(Ranges include all non-zero entries, according to type of bonus; zeroes are included in all
averages)
Average
Range of non-zero entries
$19,500
$5,000 - $40,000
Signing
$7,228
$5,000 - $25,000
Other
$12,300
$6,000 - $40,000
Total First Year Bonus
Total includes the following categories does not include stock
options.
Stock Options:
9 out of 46 survey respondents received stock options (20%).
4