MSc Employment Report 2018 - Rotterdam School of ... · from the MSc Supply Chain Management, Strategic Management and Master in Management reported the highest average salaries

1

MSc Employment Report 2018

This MSc Employment Report 2018 is released by Rotterdam School of Management, Erasmus

University (RSM). The results of this survey provide information about the first jobs of RSM

students who graduated from our MSc programmes. The survey was conducted in April 2018, and

we received responses from 588 graduates of the 1,708 who graduated between 1 September 2016

and 30 September 2017, giving a response rate of 34.4 per cent.

In some cases, the number of respondents from certain MSc specialisations or nationalities was too

low to provide useful conclusions, so we have commented on the most informative and reliable

features from our analyses.

Contents

Summary

MSc graduate profile

Employment

Contract and salary

Finding a job

Extra activities

Contact

Elise van der Steen / Irene Kroon RSM Career Centre +31 10 408 2010 / [email protected]

2


Summary

The employment rate is stable,

but has slightly increased since

last year.

0,0%

10,0%

20,0%

30,0%

40,0%

50,0%

60,0%

70,0%

80,0%

90,0%

100,0%

2018 2017

0-1800 1801-2200 2201-2600

2601-3000 3001-3400 3401-3800

>3800 unknown

The salary of RSM master

graduates has slightly

increased compared to last

year.

Consultancy; 27%

Financial services;

14%

Digital sector; 9%

Wholesale; 8%Manufacturing;

7%

Information; 4%

Transport; 4% Other;

27%

This year the digital sector

is also one of the

industries in which many

graduates work.

79%

95%

79%

98%

0% 20% 40% 60% 80% 100% 120%

3 months after starting job search

6 months after starting job search

2017 2018

3


MSc graduate profile Background of graduates

Respondents came from 14 of RSM’s full-time MSc programmes. The largest group of respondents

is from the MSc Supply Chain Management (13 per cent), MSc Finance & Investments (13 per cent),

and MSc Business Information Management (13 per cent). These are also the 3 master programmes

with most students. Response rates from all programmes were high enough to draw general

conclusions.

Master programmes – number of respondents Graduates from the MSc International Management/CEMS received a different questionnaire

linked to the Financial Times ranking, which was not as detailed to be able to make specific

conclusions for this programme.

20

74

77

12

33

20

65

28

71

29

20

22

39

78

0 10 20 30 40 50 60 70 80 90

Accounting & Financial Management

Business Information Management

Finance & Investments

Finance & Investments Advanced

Global Business and Sustainability

Human Resource Management

International Management/CEMS

Management of Innovation

Marketing Management

Master in Management

Organisational Change & Consulting

Strategic Entrepreneurship

Strategic Management

Supply Chain Management

4


Demographics

Of the 588 graduates responding to the

survey, 220 were female and 295 were male.

Seventy-three respondents didn’t share their gender.

Where do they come from?

There were 48 nationalities among the respondents; 49.8 per cent were Dutch, 41.7 per cent came

from another country in the European Economic Area (EEA), and 8.5 per cent came from outside of

the EEA. Most international respondents came from Germany (19.2 per cent), Greece (3.1 per

cent), and China (2.6 per cent). Eleven per cent of the graduates have more than one nationality –

in the map these respondents are shown by the nationality they stated first.

Nationalities of our MSc graduates

295220

73

Male Female Unknown

5


Employment

How many MSc graduates are employed?

Of all respondents, a majority of 81.8 per cent were employed within 6 months of graduation (481

graduates out of 588). At the time of the survey, 3.4 per cent had started their own business, 5.8

per cent were doing an internship, 0.2 per cent worked as freelancers, 1.0 per cent continued their

education with a PhD, and 2.4 per cent continued their education with a second master

programme. Of the remainder, 4.8 per cent were still looking for employment and 0.7 per cent

were not seeking employment. This is comparable to the results from last year.

Employment status within six months of graduation

2,4%

1,0%

4,7%

81,8%

0,2%

5,8%

3,4%

0,7%

0,0% 10,0% 20,0% 30,0% 40,0% 50,0% 60,0% 70,0% 80,0% 90,0% 100,0%

Continued education (another master)

Continued education (PhD)

Currently seeking employment

Employed

Working as freelancer

Doing an internship

Started own business

Unemployed and not seeking employment

6


Where do they find a job? Industries employing RSM graduates Like the year before, the industries

that attract most RSM graduates

are consultancies (27 per cent),

financial services and insurances

(14 per cent).

The top 20 employers for our

graduates are: Deloitte, KPMG, EY,

PwC, Accenture, Google, McKinsey,

Capgemini, BCG, Salesforce,

FrieslandCampina, ING, Rabobank,

Unilever, Coolblue, Hilti, PostNL, Shell,

Simon-Kucher & Partners, Philips.

Size of companies employing RSM graduates

RSM graduates responding to this

survey mostly work for large

companies; 45 per cent work for

multinational companies that have

more than 10,000 employees.

27%

14%

9%8%

7%

4%

4%

27%

Consultancy / Businessresearch

Financial services /Insurance

Digital sector

Wholesale & Retail trade

Manufacturing / Industry

Information /Communication

Transport / Storage

Other

26%

9%

18%

45%

2%

fewer than 250employees

between 250 and 1,000employees

between 1,000 and10,000 employees

more than 10,000employees

unknown

7


Our MSc graduates found jobs in 35 countries. Almost two-thirds of all respondents, 61.7 per cent,

found jobs in the Netherlands, while 33.8 per cent found jobs elsewhere in Europe and 4.3 per cent

are employed in other parts of the world.

Almost two-thirds (64 per cent) of respondents with non-EEA passports stayed in the Netherlands after graduation. A very small number of non-EEA graduates, two in total, found jobs in another EEA country, namely in Germany. 31 per cent of non-EEA graduates returned to their home country. The majority of the graduates, 71.4 per cent, found a job in their home country. A small number of EEA students, 7 in total, found a job outside Europe.

World map showing where RSM graduates found their first jobs

8


Entrepreneurs

The 3.4 per cent of respondents that founded their own companies totals 20 people. This is too

small a group to make any conclusions about the entrepreneurship of this cohort of RSM graduates,

although we can profile these respondents; 9 of them are Dutch and 2 are German, the 9 remaining

entrepreneurs are from Afghanistan, Austria, China, Estonia, Latvia, Lebanon, Lithuania and Poland.

This entrepreneurial group consists of 12 men, 3 women and 5 students of whom the gender is

unknown.

The percentage of entrepreneurs among the graduates has slightly increased compared to last

year’s data.

The entrepreneurs studied various master programmes. The highest number, 4, of entrepreneurs

studied the MSc International Management/CEMS.

They all credit their own network as most important for helping them to start their own companies,

followed by the help of former employers and RSM faculty.

9


Contracts and salary

Types of contract

Half of the employed MSc graduates from RSM have a permanent contract. This is an increase of 5

per cent compared to last year’s data. The second largest group, 29 per cent, have a temporary

contract with the possibility of a permanent contract in the future. This is a decrease of 7 per cent

compared to last year’s data.

Type of contract

50%

29%

1%

14%

2%

4%

Permanent contract

Temporary contract - withpossibility of a permanentcontractTemporary contract - with nopossibility of a permanentcontractTraineeship contract

Temporary contract via agency

Unknown

10


Salary

The average salary earned by respondents to our survey in their first year of employment – across all industry sectors and globally – is €3,180 gross per month, which is an increase compared to last year when the mean was €2,981. Salaries range from €1,000 to €8,000 gross per month.

The survey shows that, for graduates six months after graduations, the average monthly salary paid by companies in the Netherlands is €2,905 gross. In EEA countries other than the Netherlands, the average monthly salary of our graduates is €3,799 and in non-EEA countries it’s €2,926. In the Netherlands, salaries follow a normal distribution with many respondents earning close to the average. In the rest of the EEA, and in non-EEA regions, there is an unequal distribution, with more respondents in the lower and higher salary ranges, and a smaller proportion earning an average salary. Compared to last year, the salaries in the Netherlands and other EEA countries have increased, while the average salary in non-EEA countries decreased.

The lowest salaries are paid in Bulgaria and China, the highest in Switzerland.

0,0%

10,0%

20,0%

30,0%

40,0%

50,0%

60,0%

70,0%

80,0%

90,0%

100,0%

General in NL Other EEA countries Non-EEA countries

0-1800 1801-2200 2201-2600 2601-3000 3001-3400 3401-3800 >3800 unknown

11


Salary differences per region (€)

There are differences in average salary for each specialised master programme. While we cannot draw detailed conclusions for every specialised master programme, we can say that respondents from the MSc Supply Chain Management, Strategic Management and Master in Management reported the highest average salaries.

Average gross salary per month per master programme

€ 3.180

€ 3.146

€ 3.082

€ 3.323

€ 3.278

€ 2.787

€ 2.514

€ 3.257

€ 3.039

€ 3.434

€ 2.967

€ 3.114

€ 3.452

€ 3.586

€ 0 € 500 € 1.000 € 1.500 € 2.000 € 2.500 € 3.000 € 3.500 € 4.000

General

Accounting & Financial Managemnet




Global Business and Sustainability






Strategic Entrepreneuship



12


Finding a job

When do they start their job searches?

About a fifth of MSc students (18 per cent) have already started looking for a job at least 6 months

before they complete their studies, and 3 months away from graduation, 58 per cent are actively

searching for a job.

Job search start dates

How long does it take to find a job?

RSM graduates are effective job-hunters; 59 per cent found a job before graduation. On average it

takes them 2.5 months to find a job. Dutch students (2.2 months) found a job slightly faster than

students from other EEA countries (2.7 months) and non-EEA countries (2.7 months).

From one master programme, MSc Master in Management, all graduates that had found a job by

the time the survey was conducted told us it took them less than 3 months. On average, 78 per cent

of our master graduates find a job within three months; the variation between programmes is

between 100 per cent and 67 per cent.

19%17%

23%

9%

14%

11%

6%

1%

0%

5%

10%

15%

20%

25%

> 6 monthsbefore

graduation

4-6 monthsbefore

graduation

2-3 monthbefore

graduation

0-1 monthbefore

graduation

0-1 monthafter

graduation

2-3 monthsafter

graduation

4-6 monthsafter

graduation

> 6 monthsafter

graduation

13


Number of months to find a job by master programme

79%

81%

85%

78%

78%

67%

67%

71%

78%

100%

71%

76%

88%

75%

19%

19%

15%

20%

22%

33%

33%

29%

15%

29%

18%

12%

21%

2%

2%

7%

6%

4%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

General

Accounting & Financial Management




Global Business & Sustainability






Strategic Entrepreneurship



0-3 months 4-6 months >6 months

14


Finding a job

Among the graduates, 65 per cent state that it was very or relatively easy to find a job. Dutch

graduates are most satisfied with their job search; 78 per cent compared to 56 per cent of EEA

graduates and 34 per cent of non-EEA respondents. However, for all 3 groups of students there has

been an increase compared to last year of how easy it is to find a job. Graduates reported that

using their networks was the most effective way of finding a job (58 per cent), followed by using

social networking sites such as LinkedIn (54 per cent), and using a vacancy website (41 per cent).

The services of the RSM Career Centre (coloured blue in the graph) were rated as valuable by 27

per cent of respondents. This is higher than other activities offered on campus such as RSM

lecturers (26 per cent); recruitment weeks (24 per cent); company presentations (21 per cent) and

activities organised by STAR (17 per cent).

Finding a job

10%

14%

3%

21%

26%

3%

14%

3%

31%

36%39%

28%

58%54%

17%

24%

15%

41%

26%

8%6%

0%

10%

20%

30%

40%

50%

60%

70%

15


Extra activities

Internships

More than half (56 per cent) of master graduate respondents took part in an internship during their

studies. Almost half of the respondents, 49 per cent, did an internship in between their bachelor

and master or after their studies.

Study exchange

RSM graduates are keen to broaden their study experiences; 48 per cent did a study exchange

during or after their studies.

Extra-curricular activities

Most respondents took part in extra-curricular activities during their studies. The most frequently mentioned besides internships and exchange were non-study related part-time jobs (46 per cent), study related part-time jobs (45 per cent), and memberships of sports or cultural organisations (38 per cent). As can be seen in the graph, there is some cross-over, with several students taking part in multiple activities. Extra-curricular activities of RSM graduates

38%

21%

19%

26%

18%

48%

58%

49%

45%

46%

0% 10% 20% 30% 40% 50% 60%

Active member of sports or cultural association

Active member of a student association

Active member of STAR

Active member of study association (other than STAR)

Involved with academic committees

Exchange during studies

Internship during studies

Internship between or after studies

Relevant part-time job

Other part-time job

16


For questions and comments about the MSc Employment Report 2018, contact Elise van der Steen or Irene Kroon at the RSM Career Centre via +31 10 408 2010 or [email protected]

mailto:[email protected]

Documents

MSc Employment Report 2018 - Rotterdam School of ... · from the MSc Supply Chain Management, Strategic Management and Master in Management reported the highest average salaries