Masters in Management Employment Report 2015

Masters in ManagementEmployment Report 2015

Career Centrewww.london.edu/recruitourtalent

CareerCentre

http://www.london.edu/recruitourtalent

London Business School MiM Employment Report 2015 Introduction from the Executive Director 2

Class Profile

MiM2015

Graduating class profileClass size* 174

Average age 22

Nationalities 41

Female % 40%

Average GMAT score 689

Regional background■■ Europe (excluding UK) 51%

■■ Asia 35%

■■ Americas 7%

■■ UK 4%

■■ Middle East/Africa 2%

■■ Australasia 1%

Undergraduate study discipline ■■ Management/Business 25%

■■ Accounting/Finance 21%

■■ Economics 19%

■■ Engineering/IT 17%

■■ Mathematics/Sciences 5%

■■ Social Sciences 5%

■■ Languages 3%

■■ Law 1%

■■ Arts 1%

■■ Other 3%

* Class size is a current picture and excludes students who have not graduated.

Our admissions decisions are taken in accordance with best equal opportunities practice.

Introduction from the Executive Director

We have had another strong year in this exciting market with 96% of our MiM 2015s accepting job offers within three months of graduation and seven graduates starting their own businesses. Our graduates and their successes are contributing to London Business School’s aim: To have a profound impact on the way the world does business.

The most noticeable trend this year was the number of graduates accepting jobs in the consulting sector, increasing to 40% of the class from 31% the previous year. Finance as a whole was similar to the previous year at 35% of the class. Within the finance sector, investment banking was stable at 18% but there was a slight reallocation from diversified financial services toward the buy-side, with an increase of 5% of the class going into investment management.

As consulting hiring increased, fewer graduates entered industries such as technology, industrials, energy or the consumer/retail sectors. 25% of our MiM 2015s chose to work in these sectors, as opposed to 35% of our MiM 2014s. The increased appetite from consulting firms for our MiM graduates also impacted the diversity and concentration of companies hiring our MiM 2015s. This year 94 companies in total hired our graduates compared to 105 last year, and of those, 21 hired two or more graduates compared

to 25 companies last year. This is due to large hiring numbers at firms such as BCG and McKinsey who, respectively, increased their London Business School MiM hires from four and five last year to 11 and seven this year.

Our London location continues to attract approximately half of our graduates, but we stand out amongst most business schools given more than half go on to pursue careers outside of their place of study. After London, the most popular geographic regions were the rest of Europe (23%) and Asia (17%). 2015 also saw a stable increase in overall salaries with the mean rising by over 4% from £36,295 to £37,890, largely driven by a 10.4% increase in the mean consulting salary.

It has been another great year and we are proud of what our MiM graduates have achieved. We are particularly excited by the growth of our Early Career programme portfolio, with the launch of the Global MiM this year and the upcoming launch of the Masters in Financial Analysis in September 2016. I would like to take this opportunity to thank our recruiters for trusting our talent to work for your business.

Lara Berkowitz Executive Director

Career Centre, London Business School

The MiM class of 2015 represents more than 40 nationalities. Many graduates speak more than one language and all have demonstrated outstanding academic aptitude.

96%accepted an offer within three months of graduation

IntroductionIntroduction

25%

19%

5%

17%

Undergraduate study discipline

MiM2015

3%3%

1%1%

5%

21%

51%

35%

7%

4%

2%1%

Regional background MiM2015

London Business School MiM Employment Report 2015 Employment profile 3

Employment rate Sector choices on graduation

% 2010 2011 2012 2013 2014 2015

100

40 35 40 28 31 40

80

60

38 42 32 39 34 3540

20

22 23 28 33 35 25

0

Consulting 40%■■ Consulting 40%

Finance 35%■■ Investment Banking 18%

■■ Investment Management 10%

■■ Private Equity & Venture Capital 4%

■■ Diversified Financial Services* 3%

Corporates 25%■■ Technology, Media & Telecoms 11%

■■ Consumer & Retail 3%

■■ Energy 3%

■■ Industrials 3%

■■ Other** 5%

Top employers

Companies that employed two or more MiM graduates:

Company HiresThe Boston Consulting Group 11

Goldman Sachs 8

McKinsey & Company 7

Oliver Wyman 5

Arthur D Little 4

Accenture 3

Deloitte 3

Medallia 3

Millward Brown 3

A.T. Kearney 2

Bain & Company 2

CITIC Securities 2

Credit Suisse 2

Deutsche Bank 2

Fosun Group 2

KPMG 2

Macquarie 2

Morgan Stanley 2

Nomura 2

PwC 2

Roland Berger 2

96%accepted an offer within three months of graduation

7 graduates self employed/started a new business

98%reporting rate

* Diversified Financial Services includes: Insurance & Pensions, Retail Banking, Central Banks and Commercial Banking/Project Finance

** Other includes: Social impact, Education & Real Estate

The employment rate is calculated in compliance with MBA Career Services and Employer Alliance (MBA CSEA) reporting standards.

Of the 174 graduates:

• 152 were seeking employment

• 19 were not seeking employment (8 returned to a family business, 7 started their own business, 3 continued in education and 1 was company sponsored)

• 3 did not provide information

Employment profile

The figures

London Business School MiM Employment Report 2015 Job location 4

MiM2015 job location

Graduates went to work at organisations in 31 countries around the world including the cities below.

Amsterdam Athens Bangalore Bangkok Beijing Beirut Belgrade Berlin Boston Brussels Budapest Charlotte Chennai Dubai Dusseldorf Frankfurt Geneva Gurgaon Hanoi Hong Kong Istanbul Ljubljana London Luxembourg City Madrid Milan Moscow Mumbai Munich Paris Prague Quito Shanghai Singapore

Sofia Stockholm Toronto Vienna Warsaw

Job location

The figures

49%UK

23%Europe (excluding UK) 17%

Asia

3%Americas

8%Middle East

London Business School MiM Employment Report 2015 Salary information by industry 5

Salary information by industry

£ UK pounds $ US dollars**

Mean Median Max Min Mean Median Max Min

Overall

Base Salary £37,890 £36,000 £60,000 £18,000 $59,192 $56,239 $93,732 $28,120

Other Additional Compensation* £5,043 £4,000 £28,350 £724 $7,878 $6,249 $44,288 $1,131

Consulting

Base Salary £38,407 £40,000 £60,000 £25,854 $59,999 $62,488 $93,972 $40,389

Other Additional Compensation* £5,035 £5,000 £10,000 £1,000 $7,866 $7,811 $15,622 $1,562

Finance

Base Salary £40,676 £43,782 £55,898 £18,000 $63,544 $68,404 $87,324 $28,120


Corporates

Base Salary £33,390 £29,550 £54,545 £18,000 $51,031 $50,433 $86,471 $28,120


* Other additional compensation can include: sign-on bonus, relocation costs and self-reported conservative estimates of end-of-year bonus and stock options where we have sufficient data.

** Conversion rates as of 1 August 2015 (1.5622 vs 1.6822 for 2014)

Salary information

The figuresThe figures

Salary information by industry

London Business School MiM Employment Report 2015 Salary information by geography 6

Salary information by geography

£ UK pounds $ US dollars**

Mean Median Max Min Mean Median Max Min

AsiaBase Salary £34,026 £30,650 £55,000 £25,856 $53,155 $47,881 $85,921 $40,392


Europe (excl. UK)Base Salary £41,745 £44,782 £60,000 £25,854 $65,214 $69,958 $93,732 $40,389


Middle East

Base Salary £40,182 £40,000 £45,730 £35,000 $62,772 $62,488 $71,439 $54,677


United KingdomBase Salary £35,120 £35,000 £50,000 £18,000 $54,864 $54,677 $78,110 $28,120


* Other additional compensation can include: sign-on bonus, relocation costs and self-reported conservative estimates of end-of-year bonus and stock options where we have sufficient data.

** Conversion rates as of 1 August 2015 (1.5622 vs 1.6822 for 2014)

Salary information

The figuresThe figures

Salary information by geography

London Business School MiM Employment Report 2015 MiM2015 hiring companies 7MiM2015 hiring companies

Organisations that hired more than one graduate are in bold.

A.T. KearneyAccentureAirtelAlcazar CapitalAllianz Global InvestorsAlpha FoundersAlstomApollo Global Management LLCArthur D LittleBain & CompanyBalyasny Asset ManagementBank of ChinaBanque Pictet & Cie SABarclaysBlackRockBlueBay Asset ManagementBonhamsBooking.comBooz Allen HamiltonBow & ArrowBritish LandCentrum CapitalCEZCitiCITIC SecuritiesContinental CapitalContriberCredit SuisseDeloitteDeutsche BankDiageoDouban ChinaDTT Automotive

Eden McCallumEfficio ConsultingEMCEmiratesEYFCAFidelity InvestmentsFosun GroupFund Energy RussiaGEGoldman SachsHousing.comImperial PacificJo MaloneJP MorganJulius Baer & Co.KPMGLivspaceLords LB Asset ManagementLothar BohmLukoilLVMH MacquarieMagna Partners MarakonMavens of LondonMcKinsey & CompanyMedalliaMerieux DevelopmentMetapraxisMillward BrownMoët HennessyMorgan StanleyNet-a-Porter NN Investment Partners

NomuraOliver WymanOne Peak PartnersPitch InternationalPragma Corporate FinanceProphetPwCRed VenturesRedstone DigitalRoland BergerScottish Equity PartnersShellSnapdealSociété GénéraleStrategy&Swire GroupTerra FirmaThe Boston Consulting GroupTMX Montreal ExchangeTransferwiseUnileverUniversalVodafoneVolkswagenWHU Otto Beisheim School of ManagementZS Associates

The figures

Hiring companies

The figures

London Business School MiM Employment Report 2015 London Business School programme portfolio 8

London Business School programme portfolioLondon Business School MiM Employment Report 2015 8

All admissions decisions are taken in accordance with best equal opportunities practice.

Find out more Masters ProgrammesTelephone +44 (0)20 7000 7500 Email [email protected]

Executive EducationTelephone +44 (0)20 7000 7390 Email [email protected]

Recruit students from any of our Masters programmes

Telephone +44 (0)20 7000 7400

Email [email protected]

Masters in Financial Analysis12 months / full-time / London

For recent graduates looking to embark upon a career in finance.

Masters in Management 12 months / full-time / London

For recent graduates with less than one year of full-time postgraduate corporate work experience or with less than two years in a non-traditional business role.

Global Masters in Management 24 months / full-time / London and Shanghai

For recent graduates with up to two years’ full-time postgraduate work experience. Strong interest in Asia and knowledge of Mandarin highly recommended, but not mandatory.

MBA 15–21 months / full-time / London

For individuals who are looking to make a vertical shift in their career path, change industry or job function, or develop an entrepreneurial toolkit.

Masters in Finance 10–16 months full-time/ 22 months part-time / London

For individuals wishing to advance their career or change their area within finance.

Executive MBA 20 months / study while working full-time / London or Dubai

Designed for those who want to accelerate their career into general management or move beyond their technical or functional specialism.

EMBA-Global 20 months / study while working full-time / London and New York

For dynamic, mid-career managers and professionals who are highly ambitious and have, or aspire to have, transnational responsibilities.

EMBA-Global Asia 20 months / study while working full-time / Hong Kong, London, New York

For dynamic, globally-focused executives and managers wishing to deepen their understanding of Western and Eastern business practices.

Sloan Masters in Leadership and Strategy

12 months / full-time / London Designed to prepare experienced senior managers for their next career challenge.

Alumni Available for recruitment all year round / Global

Based in more than 150 countries worldwide, our alumni community consists of more than 40,000 globally -focused professionals.

London Business School programme portfolio

LBS programme portfolioLBS programme portfolio

Programme Years of experience 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Masters in Financial Analysis

Masters in Management

Global Masters in Management

MBA

Masters in Finance (full-time)

Masters in Finance (part-time)

Executive MBA

EMBA-Global Americas and Europe

EMBA-Global Asia

Sloan Masters in Leadership and Strategy

Alumni

Key: Range of work experience in class Key target range of work experience Average class work experience

London Business SchoolRegent’s ParkLondon NW1 4SAUnited KingdomTel: +44 (0)20 7000 7000www.london.eduA Graduate School of the University of London