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The Georgetown University Career Center has compiled and released the data from surveys it took of graduating students of the Class of 2009. The report presents the class as a whole and then breaks it down by school. So, without further ado:
Georgetown University Class of 2009
The most immediate things apparent in the results, comprised of the responses of 60 percent of last year’s senior class, or 1024 of the 1716 graduates, won’t shock you: employment rates immediately after graduation were down—but not dismal—and so were starting salaries.
Fifty-seven percent of the Class of 2009’s respondents reported being employed post-graduation. By contrast, 62 percent of the Classes of 2006, 2007, and 2008 reported being employed post-graduation. Twelve percent of Class of 2009 respondents listed searching for employment as their primary activity after graduation, the highest percent recorded since 2004.
The average starting salary reported employed Class of 2009 graduates was $46,989, about six percent lower than the average starting salary reported by the Class of 2008.
Business Week recently released its biannual rankings of Executive MBA programs, and this year they’ve got Georgetown coming in at number 18. This year’s ranking marks a six-spot fall from McDonough’s 2007 position, when it placed 12th.
The MSB’s EMBA program scored well in the graduate survey portion, earning the 14th highest marks; but it faltered in the poll of EMBA program directors, coming in 21st. Overall, the program earned a B grade for its teaching and curriculum and a C for its support services.
The rankings also looked at the percentage of female and minority students. Of the top 50 EMBA programs, Georgetown’s has the 16th lowest percentage of female students, with just 21 percent. For minority students, though, Georgetown had the fifth highest percentage with 27 percent.
The Aspen Institute recently released its biannual “Beyond Grey Pinstripes” ranking of business schools that do the best job of integrating social and environmental issues into their curriculum, and Georgetown’s McDonough School of Business came in a very respectable 35th.
The ranking is a significant improvement from our 2007 showing, when we came in 73rd. In 2005, the first year the Aspen Institute ranked business schools, we were 30th.
The rankings are based on four factors: how many courses that involve social, environmental or ethical concerns are offered; how much class time is spent on these issues; how many courses demonstrate the intersection of social or environmental issues with for-profit business; and how much faculty research is on social, environmental or ethical issues.
Awed by the new, clean, and oh-so-shiny new MSB Building? So was Ted Leonsis (COL `77), AOL executive and owner of the Washington Capitols, when he visited the building last Monday. On his blog, Ted’s Take, Leonsis raved about the new building right down to the details, like the student blasting Kid N Play on his iPod:
“Wow — the energy in the building was crackling — undergraduate students mingling with grad students — in a spectacular new building — maybe the best facility I have ever been in for a University setting. I am so proud of this new building — and we have no mortgage on it to boot; if ever you are in town — go check out this facility.”
And though he may be a member of Georgetown’s Board of Directors, it’s heartening to earn the approval of someone like Leonsis. The Washington business whiz has been on too many “of the year” lists to count, he has his hands in technology, philanthropy, and ‘filmanthropy,’ and he’s survived a crash landing of a plane to boot.
The crash prompted him to make a list of 100 things he wanted to accomplish, including own a sports team (he bought the NHL’s Capitols) and donate $1 million to Georgetown, which he did. As of 2007, he was still looking for a building to put his family name on. Hello, Leonsis Science Building?
An e-mail from President John DeGioia this afternoon settled the mystery of who the new MBS building would be named after: Rafik Hariri, the Lebanese Prime Minister assassinated in 2005.
Hariri’s son and new Lebanese Prime Minister Saad Hariri (MSB ‘92) paid $20 million to name the building after his father. According to the e-mail, there will be a formal celebration of the new building in September.
Boston University’s School of Management also has a building named after Rafik Hariri.
U.S. News and World Report just released it’s annual rankings of Graduate programs and it looks like Georgetown’s doing pretty well for itself. From the golden child of GU’s grad programs, Georgetown Law, which ranked 14 (same as last year), to the business school (up three to 19), Georgetown’s pulling a very respectable showing. Even the Medical school, something of a black sheep, managed to inch up one spot to 39.
After the jump, Georgetown’s rankings in every program it was evaluated on (Note: Some fields had sub-rankings. Unfortunately, you had to pay to see past the top 10 or so, and since Vox is (a) broke and (b) unwilling to shill out $14.95 to U.S. News, we’re only listing the rankings that are publicly visible):
Faculty and staff won’t be part of Georgetown’s switch to Google Apps, according to UIS Director Beth Ann Bergsmark. They’ll be getting new GUMail accounts with 250 megabytes of storage instead.
The MSB is also left out, at least for now. Because the school has a different e-mail system, they wouldn’t necessarily be included in the switch, and their Chief Technical Officer says he doesn’t know enough about UIS’s switch to decide. But hey, free printing.
After the bailouts of Lehman Brother, AIG, and everyone else, Business School upperclassmen might be a little worried about future job prospects. According to Businessweek, former financial titans like JP Morgan, Lehman Brothers, Morgan Stanley, and Bear Stearns are among the top ten employers of MSB graduates.
But all is not lost. The Wall Street Journal looked at the way top business schools are coping with unemployed recent graduates. The article also advises member of the class of 2009 to put that lucrative finance career on hold for a while:
Inside undergraduate career offices, staff members are also talking to alums displaced from the investment banks about alternative options–like corporate finance and investment management. Patricia Rose, director of career services at the University of Pennsylvania, deals with undergraduate business students along with students in other majors. She says she’s even recommending students look into technology or public service jobs, which are more plentiful than coveted finance jobs.
Since the US will almost certainly ride out the financial storm in the next two years, I guess it’s time for MSB grads to start looking toward grad school or an MBA. For those who have already graduated and find themselves out of a job, though, the Office of Advancement sent out a mournful email expressing its “deepest sympathy.”
Photo from Flickr user macronin47 used under a Creative Commons license
Vox Populi is the staff blog of the Georgetown Voice, a weekly newsmagazine at Georgetown University. Opinions expressed in posts are those of their author alone unless otherwise stated.
Business Week recently released its biannual rankings of Executive MBA programs, and this year they’ve got Georgetown 
14!
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