MiM Employment Report 2014

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Career Services

Masters inManagement Employment Report 2014Bring global talent to your business

2London Business School MiM Employment Report 2014

Class size 152Average age 24Nationalities 35Female class percentage 40%Average GMAT score 688

Introduction from the Executive Director

accepted an offer within three months of graduation

97%Our Masters in Management programme continues to go from strength to strength with an impressive 97% of our MiM2014 class accepting job offers within three months of graduation. 47% of these graduates ventured outside of the UK to work in organisations across 28 countries, contributing to London Business School’s mission to have a profound impact on the way the world does business.

It is fantastic to see numerous companies returning this year to hire, in many cases more than one MiM graduate. London Business School also fosters a strong entrepreneurial spirit. This year has seen numerous MiM student and alumni start-ups. Several of these are being nurtured in our Incubator programme.

We believe in developing strong and lasting relationships with organisations around the world. Recruitment fairs, Business Immersion Week and international career treks offer a wealth of opportunities for potential employers to engage with our MiM students, and forge close ties with the School.

Global Immersion Field Trips are a wonderful opportunity for our MiM students to extend their understanding of how business cultures differ around the world. This year Silicon Valley (technology start-ups and innovation) has been added to the portfolio, which also includes Paris (customer experience), Munich and Milan (supply chain and operations), and Shanghai (business and finance in China).

The School has further strengthened its ties in Asia, joining with Shanghai’s

Fudan School of Management to launch a two-year, double degree, the Global Masters in Management. Starting in September 2015, 40 students will spend two years studying and working in the UK and China, gaining insight into both Western and Eastern business practices.

In a competitive job market it is critical our MiM graduates continue to stand out from the crowd. In addition to core management studies – accounting, economics, financial management, marketing, leadership and organisations, strategy, and management analysis and systems – we also launched specially designed MiM electives this year. Our broad range of electives enable MiMs to study alongside, and learn from, students from our other degree programmes. By doing so they gain insights from their knowledge and experience of working with organisations around the world.

As the world’s youngest leading business school, entering into its 50th Anniversary, we are proud of what we have already achieved and look forward to an inspiring future.

I would like to take this opportunity to personally thank our recruiters for having confidence in the world class talent our graduates can bring. Together we will shape the future of global business.

Lara BerkowitzExecutive DirectorCareer Services, London Business School

MiM2014 graduating class profile*

Regional background Undergraduate study discipline

Europe (excluding UK) 46% Management/Business 30% Asia 34% Economics 18% Americas 8% Engineering/IT 17%

Liberal arts 3%

UK 8% Accounting/Finance 16%

Law/Politics/ International relations 3%

Australasia 1% Social sciences 4%

Other 2%

Middle East/Africa 3% Mathematics/Sciences 5%

Languages 2%

* Number of students is a current picture and excludes students who have not graduated.

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

46+34+8+8+3+1+H30+18+17+16+5+4+3+3+2+2+H30%

18%

17%

16%

5%

46%

34%

8%

8%

3%

4%3%

3% 2% 2%1%


MiM2014 employment profile

Employment rate Sector choice on graduation Employment sector Major recruiters*

80

60

40

20

0

100

Consulting Finance Corporate sectors

McKinsey & Company 5Bloomberg 4PricewaterhouseCoopers 4The Boston Consulting Group 4Accenture 3UBS 3AMR International 2Analysys Mason 2Ardian 2Bank of America Merrill Lynch 2Barclays 2BNP Paribas 2Delta Partners Group 2Fidelity Worldwide Investment 2Fiksu 2Google 2Integration Consulting 2J.P. Morgan 2KPMG 2Lothar Böhm Associates 2Louis Dreyfus 2Medallia 2Morgan Stanley 2Porsche 2Roland Berger Strategy Consultants 2

97%accepted an offer within three months of graduation 6

graduates became entrepreneurs

Employment figures are calculated in compliance with MBA Career Services and Employer Alliance (MBA CSEA) reporting standards. Based on a 98% reporting rate of the graduating class.

* See page 7 for full list of 2014 recruiters

35

42

23

40

38

22

40

32

28

28

39

33

31

34

35

% 2010 2011 2012 2013 2014

Consulting 31%Strategy 21%Full service 7%Other 3%

Finance 34%Investment banking 18%Private equity/Venture capital 6%Investment management 5%Retail and commercial banking 3%Insurance 2%

Corporate sector 35%Internet/e-Commerce 7%Consumer products/Retail 7%Media/Entertainment 5%Energy and utilities 4%Hi-tech/Telecommunications 4%Aerospace/Auto/Transport 3%Diversified industrials 2%Agribusiness 1%Commodities 1% Healthcare/Pharmaceutical/Biotech 1%

Companies who recruited two or more MiM students:

“We have been engaged with London Business School’s Masters in Management programme since 2010 and have been consistently impressed with the calibre of its graduates. They couple excellent academic records with commercial awareness and business acumen. This is an attractive combination for a leading international firm like Integration Management Consulting.”Elizabeth Bird, Recruitment Manager, Integration Management Consulting


MiM2014 graduates went to work at organisations in 32 cities in 28 countries around the world

MiM2014 job location

5%Africa/Middle East

1%Australasia

53%United Kingdom

2% Americas

15%Asia

24%Europe(excluding UK)

Aarhhus DenmarkAthens GreeceAuckland New ZealandBeijing ChinaBeirut LebanonBrussels BelgiumDubai United Arab EmiratesDublin IrelandGeneva SwitzerlandHong Kong Hong KongIstanbul Turkey Johannesburg South AfricaKuala Lumpur MalaysiaLisbon PortugalLondon UKMaputo MozambiqueMilan ItalyMoscow RussiaMumbai IndiaMunich GermanyNew York USAOslo NorwayParis FrancePortsmouth UKRome ItalySeoul South KoreaShanghai ChinaSingapore SingaporeStuttgart GermanyToronto CanadaZurich SwitzerlandYokohama Japan


MiM2014 salary information by sector

* Conversion rates as of 17 September 2014.

** Includes PPP due to the high number of students who have international salaries. The IMF’s implied purchasing power parity (PPP) conversion rate has been applied to the salary information collected. PPP is the rate of exchange between two currencies which equalises the purchasing power across economies.

UK pounds* US dollars* International dollars**

Range Range RangeSector Mean Median Max Min Mean Median Max Min Mean Median Max Min

OverallBase salary 36,295 35,734 65,514 11,413 59,272 58,356 106,990 18,639 59,602 53,144 121,479 26,074 Sign-on bonus 3,889 3,967 10,000 1,190 6,351 6,479 16,331 1,944 6,276 6,065 14,327 2,459 Year end bonus 6,057 4,419 21,682 310 9,892 7,216 35,408 506 8,624 7,149 24,087 1,073

ConsultingBase salary 34,780 31,619 53,162 23,592 56,799 51,636 86,817 38,527 60,841 53,009 121,479 34,384 Sign-on bonus 3,557 3,000 10,000 1,190 5,809 4,899 16,331 1,944 5,751 4,619 14,327 2,459 Year end bonus 5,150 4,121 12,000 1,370 8,410 6,730 19,597 2,238 7,282 4,174 17,192 2,865

Corporate sectorsBase salary 35,766 35,234 65,514 14,962 58,409 57,539 106,990 24,434 55,991 51,576 103,565 35,817 Sign-on bonus 2,912 3,062 3,174 2,500 4,755 5,000 5,183 4,083 7,321 8,383 8,630 4,950 Year end bonus 8,877 8,848 21,682 808 14,497 14,450 35,408 1,319 12,096 9,830 24,087 2,215

FinanceBase salary 38,792 43,541 65,514 11,413 63,350 71,105 106,990 18,639 62,501 64,470 98,517 26,074 Sign-on bonus 4,910 5,230 6,000 2,000 8,018 8,540 9,798 3,266 6,741 7,163 8,596 2,865 Year end bonus 3,978 3,495 10,000 310 6,496 5,707 16,331 506 6,363 6,153 14,327 1,073


UK pounds* US dollars* International dollars**

Range Range RangeRegion† Mean Median Max Min Mean Median Max Min Mean Median Max Min

Africa/Middle EastBase salary 45,845 49,600 51,196 36,741 74,869 81,000 83,607 60,000 114,245 117,692 121,479 103,565

AsiaBase salary 26,246 27,825 44,082 11,413 42,862 45,440 71,989 18,639 72,341 74,775 98,517 41,040 Year end bonus 1,502 808 3,390 310 2,453 1,319 5,536 506 3,790 2,215 8,083 1,073

EuropeBase salary 42,671 42,459 65,514 24,994 69,685 69,338 106,990 40,817 59,931 56,105 86,008 34,934 Sign-on bonus 3,155 3,174 5,459 1,190 5,152 5,183 8,915 1,944 4,798 4,950 6,418 2,459 Year end bonus 8,950 8,217 21,682 2,149 14,615 13,418 35,408 3,510 12,408 11,050 24,087 2,388

United KingdomBase salary 34,910 35,000 47,500 18,200 57,010 57,158 77,571 29,722 50,014 50,143 68,052 26,075 Sign-on bonus 4,429 4,500 10,000 2,000 7,232 7,349 16,331 3,266 6,345 6,447 14,327 2,865 Year end bonus 5,575 4,300 12,000 2,000 9,104 7,022 19,597 3,266 7,987 6,160 17,192 2,865

MiM2014 salary information by region

† Sample size is too small to report on salary information for the Americas and for bonus information for Africa/Middle East.

* Conversion rates as of 17 September 2014.

** Includes PPP, due to the high number of students who have international salaries. The IMF’s implied purchasing power parity (PPP) conversion rate has been applied to the salary information collected. PPP is the rate of exchange between two currencies which equalises the purchasing power across economies.


Companies that hired students from London Business School’s Masters in Management in 2014. Companies in bold hired more than one student.

Accenture Aggreko Alliance Trust Allianz SE AlphaSights Alstom Transport American Express Amgen AMR International Amundi Analysys Mason Apple Ardian Arete Research Arla Foods artFix Arthur D. Little Ascot Underwriting A.T. Kearney Athos Partners Bank of America Merrill Lynch Barclays Bloomberg BNP Paribas Business Growth Fund BusinessBecause Camco Clean Energy Capstone Infrastructure Corporation CapVest Partners LLP Cargill China Coal Solution Cinven Citi Credit Suisse Deloitte

MiM2014 recruiters

Delta Partners Group DPE Deutsche Edmond de Rothschild Asset Management Emap Ferring Pharmaceuticals Fidelity Worldwide Investment Fiksu Finalta Fonterra Glencore Goldman Sachs Google Houlihan Lokey Integration Consulting J.P. Morgan Jefferies Kaiser Associates Knightsbridge PME KPMG Lamoda Group L’Oréal Lothar Böhm Associates Louis Dreyfus Lusiv Macquarie (Asia) Magma Global Mavens of London McKinsey & Company Medallia Merrill Lynch Morgan Stanley New Street Research Nissan Nomura

OC&C Strategy Consultants Oliver Wyman Owlient Pictet PineBridge Porsche Pöyry Capital PwC Promontory Prophet Rightster Rocket Internet Roland Berger Strategy Consultants Rothschild Wealth Management Samsung Electronics Saudi Arabian Monetary Agency Siemens Societe Generale Solon Management Consulting Strategy& Tata Group Tesco The Boston Consulting Group TLG Capital TrustedCompany.com UBS UnionBank of the Philippines ÜNLÜ & Co Value Partners Vetrotech Saint-Gobain International Vodafone Warner Bros. Wide IO ZS Associates Zurich


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 130 countries worldwide, our alumni community consists of more than 39,000 globally- focused professionals.

The London Business School programme portfolio

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

Masters in Management

Global Masters in Management

MBA

Masters in Finance (full-time or part-time)

Executive MBA

EMBA-Global Americas and Europe

EMBA-Global Asia

Sloan Masters in Leadership and Strategy

Alumni

Experience table Recentgraduate

Early career

Mid- career

Senior management 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]

London Business SchoolRegent’s ParkLondon NW1 4SAUnited KingdomTel: +44 (0)20 7000 7000Fax: +44 (0)20 7000 7001www.london.eduA Graduate School of the University of London