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Press Release

The Anderson Schools of Management Release May 2001 Salary Survey Results

July 25, 2001

ALBUQUERQUE – The Anderson Schools of Management at The University of New Mexico have released the results of their May 2001 BBA and MBA Exit/Salary Survey. Despite reports of a sluggish economy, the survey showed that Anderson graduates far outpaced the state’s average salaries as they entered the market.

"We are delighted to be able to announce this caliber of outcomes for our graduates," says Dr. Howard Smith, Dean of The Anderson Schools. "These results show that our highly-qualified students are finding the career positions they want and deserve."

By May’s commencement ceremony, 88% of BBA graduates and 90% of MBA graduates had jobs lined up and waiting for them. 72% of BBA graduates remained in-state, while 28% took out-of-state positions. Among MBAs, 65% will remain in New Mexico for their job, while 35% will head elsewhere.

Drew Parsons, Manager of the Ford Advisement and Placement Center at Anderson, is pleased by these numbers. "All the indicators are positive – from placement rates to salaries. This is great news for current students, especially those facing what the media says is an uncertain job market. The picture is not as gloomy as they may have feared."

Dean Smith and Parsons are also pleased with the number of graduates staying in state. “There is so much talk about the ‘brain drain’ of New Mexico talent,” said Smith, “and we are particularly proud that many of our graduates are staying here and contributing to the economic development of this market.”

For BBA graduates, the average starting salary was $38,541, increasing 9% over the December 2000 figure. This figure increased largely because of competition for good employees between large in-state firms such as Intel, The Gap, and Sandia National Laboratories. Graduates with a concentration in Management Information Systems (MIS) reported the highest starting salaries among BBA graduates, averaging almost $49,000.

For MBA graduates, the average starting salary was $54,176, with out-of-state jobs paying an average of $10,133 more than in-state jobs. The highest starting salaries in this group were for Marketing and MIS majors. Ford Motor Company drove the Marketing salaries, offering an average starting salary of $69,900. Management consulting companies Accenture and Andersen Consulting drove the MIS salaries, offering an average starting salary of $63,667.

This survey offers the highest participation rate among MBA graduates to date, with 57% of the May MBA graduates completing the survey. Survey rates were lower among BBA graduates, with 34% of them completing the survey.

The data collected in this survey and in surveys from previous semesters can be viewed at http://www.mgt.unm.edu/cppo/cpposurvey.htm through The Anderson Schools of Management website.

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The Anderson School of Management at the University of New Mexico is dedicated to excellence in professional management education. At the Anderson School, faculty, staff, and students are committed to shaping the intellect and character of the next generation of business leaders, advancing the knowledge and practice of management, promoting economic development, and building a vibrant intellectual community that serves the highest and best interests of all our stakeholders.

The School was founded in 1947 and now offers more than a dozen concentrations at the BBA and MBA levels and is accredited by the Association to Advance Collegiate Schools of Business in the top 20% of business schools in the nation. The School is funded by the State of New Mexico and further support is generated by The Anderson School of Management Foundation. For more information, the public can visit www.mgt.unm.edu, email info@mgt.unm.edu, or call (505) 277-6471.

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