Best Places to Launch a Career 2008

To determine which employers are best for entry-level workers, BusinessWeek used a three-part methodology.

First, we surveyed career services directors at U.S. colleges to learn which employers were tops on their list. We then asked those employers to complete a survey on their hiring, pay, benefits, and training programs, which we then compared with others in the same industry.

Finally, we obtained from Universum Communications, a Philadelphia research company, the results of its 2008 survey of more than 40,000 U.S. undergraduates, who were asked to identify their five most desirable employers.

The employer survey counts for 50% of the final ranking, while the career services and student surveys count for 25% each.

For more information, click on the employer’s name and check out its online profile, which includes details on pay and benefits, training programs, and hiring.

Click column heading once to reorder from highest to lowest. Click twice to reorder from lowest to highest.
2008 Rank
2007 Rank
Employer
Industry*
2007 Entry Level Hires
Top Degree Among Entry-Level Hires
Most Desirable Trait
Employer Survey Rank
Career Services Survey Rank
Student Survey Rank
Average Pay ($000s)
Management Training Program
66 71 Blue Cross Blue ShieldInsurance26 BusinessCommunication Skills50 95 70 $45-$50Yes
76 73 Grant ThorntonAccounting544 BusinessLeadership Skills79 29 70 $50-$55Yes
104 NAMcGladrey & PullenAccounting700 BusinessCollege Major105 34 70 $45-$50No
91 NAMillikenManufacturing75 EngineeringLeadership Skills90 42 70 $50-$55No
34 84 Northwestern MutualInsurance2165 BusinessCommunication Skills25 27 70 $40-$45Yes
52 NASouthern California EdisonEnergy795 EngineeringAnalytical Skills30 85 70 $60-$65Yes
65 NATowers PerrinConsulting157 MathLeadership Skills55 61 70 $50-$55Yes
48 56 AetnaInsurance80 BusinessLeadership Skills31 72 70 $45-$50Yes
58 NAAflacInsurance33 BusinessAnalytical Skills40 90 70 $50-$55No
68 81 AIGInsurance61 BusinessAnalytical Skills58 79 70 $45-$50No
83 NAAllstateInsurance343 BusinessCollege Major84 36 70 $35-$40Yes
60 58 Ameriprise FinancialFinancial Services2966 NALeadership Skills48 77 70 $40-$45Yes
86 NABB&TFinancial Services236 BusinessLeadership Skills85 37 70 $45-$50No
75 83 BearingpointConsulting748 BusinessCollege Major71 46 70 NANo
98 NAAbercrombie & FitchRetailing62 BusinessLeadership Skills92 79 70 $45-$50No
100 NAComcastTelecommunications11667 NACommunication Skills97 79 70 Less than $35Yes
101 NACernerConsulting676 Computer ScienceCommunication Skills98 77 70 $40-$45No
85 80 Duke EnergyEnergyNAEngineeringCollege Major77 86 70 $35-$40No
107 NACon EdisonEnergy48 EngineeringCommunication Skills104 79 70 NAYes
67 NAEMCTechnology1054 Sales, Social SciencesCollege Major56 70 70 $50-$55Yes
54 29 ExelonEnergy122 EngineeringCollege GPA38 64 70 $55-$60Yes
53 NAFactSet Research SystemsMedia/Entertainment159 BusinessCommunication Skills44 49 70 $65-$70No
94 48 Kohl'sRetailing205 BusinessCommunication Skills86 93 70 $40-$45No
20 90 Norfolk SouthernTransportation116 BusinessCommunication Skills5 59 70 $45-$50Yes
102 NAPNC Financial ServicesFinancial Services64 BusinessCollege Major100 66 70 NANo
59 30 PrudentialInsurance266 BusinessWork Experience50 66 70 $50-$55Yes
106 NARackspace HostingTechnologyNANACollege Major103 64 70 Less than $35Yes
81 64 Sherwin-WilliamsConsumer Goods794 BusinessCommunication Skills82 33 70 $35-$40No
78 75 SunTrust BanksFinancial Services179 BusinessCommunication Skills73 61 70 $45-$50No
87 NAState StreetFinancial Services1000 BusinessAnalytical Skills78 88 70 $35-$40No
38 59 AT&TTelecommunications3514 BusinessLeadership Skills16 72 70 $55-$60Yes
43 37 TravelersInsurance155 BusinessCollege GPA25 72 70 $45-$50Yes
39 68 Union PacificTransportation190 BusinessAnalytical Skills22 57 70 $45-$50Yes
71 34 UPSTransportation4002 EngineeringLeadership Skills59 66 70 $50-$55No
79 63 WalgreenRetailing14386 NACommunication Skills71 83 70 $60-$65No
90 NAFisher InvestmentsFinancial Services214 BusinessWork Experience83 70 70 $50-$55No
72 72 Wolseley NAManufacturing801 BusinessCommunication Skills74 25 70 $35-$40Yes
103 NAAmeriCorpsNonprofit/Government75000 NADedication to Community Service102 89 70 Less than $35No
70 NALutron ElectronicsConsumer Goods39 EngineeringCommunication Skills57 96 69 $60-$65Yes
99 NADominionEnergy1480 NAAnalytical Skills94 96 68 $40-$45No
55 53 ProgressiveInsurance1637 Info TechCommunication Skills40 56 67 $35-$40Yes
26 26 Enterprise Rent-A-CarTransportation8000 BusinessLeadership Skills66 5 66 Less than $35No
46 NAWhirlpoolConsumer Goods56 BusinessLeadership Skills28 93 65 $55-$60Yes
82 46 Sprint NextelTelecommunicationsNAEngineeringCommunication Skills75 96 64 $55-$60Yes
56 25 Macy'sRetailing584 BusinessAnalytical Skills60 23 63 $40-$45No
62 NAGEICOInsurance376 Liberal ArtsCollege Major60 29 62 $35-$40Yes
95 60 ProtivitiConsulting360 BusinessCommunication Skills89 96 61 $50-$55Yes
89 NAPhilips Electronics NAConsumer Goods35 EngineeringLeadership Skills80 96 60 $55-$60No
50 95 MetLifeInsurance2077 NACommunication Skills31 96 59 Less than $35Yes
32 43 Philip Morris USAConsumer Goods347 BusinessLeadership Skills34 26 58 $55-$60Yes
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Note: All data excluding survey ranks are self-reported by employers. 2008 ranks in red designate employers that are new to the rankings this year. Nineteen employers that were ranked last year were not ranked this year; 15 were not selected by the career services directors as top employers for new college graduates and 4 were among the 55 employers that chose not to participate. (1) Comparison group for employer survey. (2) Data supplied by Universum Communications. (3) Only training programs of more than a year, excluding analyst programs at investment banks and financial services companies. (4) Entry-level hires for fiscal year July 1-June 30; most desirable trait and average pay for client service positions only. (5) All data shown for corps members in teaching positions. (6) Average salary for associate consulting positions only. (7) Average salary includes some undergraduate professional hires. (8) Average salary for engineering positions only; business salaries are $50,000 to $55,000. (9) Average salary based on commission rate for entry-level financial representatives; corporate employees earn $45,000 to $50,000. (10) Average salary excludes college recruits starting after June 1, 2008. (11) Entry-level hires are associates and specialty hires entering rotational programs with graduation dates within the past year. (12) Most desirable trait for new engineering hires only. (13) Entry-level hires shown is an estimate. (14) Average salary is for all Duke employees, not just entry-level hires. (15) All data shown is for entry-level hires admitted into bank¹s Leadership Development Program, including those with MBAs. (16) Volunteers receive a stipend for living expenses plus $6,000 readjustment allowance after service is completed. (17) Entry-level hires are headquarters jobs only; store management and design positions excluded. (18) Entry-level hires are strategic college recruiting hires only; most enter PNC¹s management training program. (19) Volunteers receive a $12,500 living allowance and $4,725 Segal AmeriCorps Education Award. (20) Average salary for contract positions only; noncontract entry-level corporate positions pay $35,000 to $50,000. (21) Average salary includes individuals with post-graduation work experience. (22) Most desirable trait is for R&D development engineers only. (23) Average salary includes some individuals with up to 6 years experience but no advanced degrees. (24) Average salary for exempt positions only.



Data: BusinessWeek, Universum Communications, Cambria Consulting. Research by: Lindsey Gerdes, Louis Lavelle, Frederick F. Jespersen, and Kelly Bronk.