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Masters in Management Employment Report 2011

Access one of the worlds most dynamic pools of global talent

www.london.edu/recruitourtalent
1

Introduction

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From the Director

Having launched in 2009, the Masters in Management (MiM) programme is still a new and exciting addition to our programme offering at London Business School. In 2010/11 we grew the intake by 40% compared to the inaugural year and I am delighted to report that even with this bigger class, the employment rate increased by one percentage point to 96% of students who had secured employment within 3 months of graduation. I would like to thank our recruiters for recognising the impact that our students and graduates can have in their organisations and continuing to hire from the School through these uncertain times. The number of companies that MiM students visited during Career Week increased year on year and new companies were welcomed onto campus for presentation and networking events. We have continued to develop our career skills programme based on feedback from both participants and recruiters. The Career Services team is working more closely than ever with student clubs to ensure that we maximise the opportunities for our students. For the first time we created sector specific CV books, including students in their early career, making it even easier for recruiters in some of the major sectors to find the talent that they need. It is promising that the number of graduates finding employment through the School community increased year on year from 72% to 75%. Finance is the most popular sector choice for MiM2011 graduates with 42% of the class finding work in finance organisations (half of those in investment banking), followed by 35% in consulting and 23% in other corporate sectors. Almost 10% of the class went into internet and IT companies; a trend which we expect to see continue to increase in the future. As the programme is becoming more recognised in the marketplace, we have already seen an increase in multiple MiM students being hired into the same organisation. This suggests that recruiters are valuing the contribution that MiMs are making and as the alumni base increases, this can only have a positive influence on the programmes potential. I hope that you enjoy reading the Masters in Management Employment Report 2011 for a more detailed analysis of our employment statistics. Kind regards

London Business schooL not onLy provides a Brand, But, in our experience, Backs it up with a guarantee of weLL-prepared, inteLLigent candidates who know how to appLy their knowLedge in the reaL worLd.
Janaina roque Managing Director Europe Integration Consulting

Fiona Sandford Director, Career Services London Business School www.london.edu/recruitourtalent

MiM2011 class profile

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class profile Students Average age at programme start Countries represented % Female GMAT average
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Masters in Management recruiters

141 22 39 36% 689

Companies that hired students from London Business Schools Masters in Management programme in 2011.
PleaSe Note that many more companies presented on our campus and/or posted opportunities for our students

Delta Partners DFJ Esprit Diamond Advisory Services at PwC Duff & Phelps dunnhumby Ernst & Young General Electric Capital Aviation Services Goldman Sachs Google Groupon Harrods Horwath HTL HSBC IBM Global Business Services Integration Management Consulting Jefferies Kasikornbank KB Kookmin Bank Khazanah Nasional Berhad KPMG L.E.K. Consulting LOral Lazard Leonardo & Co. Leopard Capital London Stock Exchange Macquarie Mayer Brown McKinsey & Company Media Ingenuity

Morgan Stanley MphasiS Nationwide Building Society Nomura Oliver Wyman Olivetree Securities Partners Group PMC Treasury PowerPlan Consultants Prophet Public Consulting Group PwC Rangespan RBS Reech AiM Partners Rothschild RREEF Scotia Capital Simextra International Socit Gnrale Solon Management Consulting The Blackstone Group The Boston Consulting Group The Parthenon Group UBS Unilever Universal McCann Yorkville Advisors ZS Associates Zurich Financial Services

6 1 5 6 4 3 2 5 4

8 9 1

3i 4C Associates A.T. Kearney

2

Accenture Apple Arla Foods Arthur D. Little Bain & Company

regional background 1 Europe (excluding UK) 2 Southeast Asia/Pacific 3 Asia 4 UK 5 The Americas 6 Africa/Middle East 44% n 16% n 13% n 11% n 11% n 5% n

Undergraduate study discipline 1 Engineering/IT 2 Economics 3 Management and Business 4 Mathematics/Science 5 Accounting and Finance 6 Law/Politics/International Relations 7 Liberal Arts 8 Marketing/Media/Tourism 9 Social Sciences 23% n 20% n 19% n 9% n 8% n 8% n 5% n 4% n 4% n

Barclays Capital Barclays Wealth BCM & Partners BESIX BlackRock Blenheim Chalcot Booz & Company Canon Europe China Development Bank Citi Commerzbank Crdit Agricole Corporate & Investment Bank Credit Suisse Danish Defence Deloitte

Our admissions decisions are taken in accordance with best equal opportunities practice The School values diversity and promotes a positive work and study environment.

MiM2011 employment profile

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Summary data

employer sector
Sector choice on graduation n Finance Finance 42%

Source of opportunity
School community Career Services (events, on-campus presentations, job postings, CV search) Networking Alumni Club events (fairs, panels, speakers, club CV books, etc) outside sources Internet job boards consulting 35% 18% 9% 8% 75% 58% 8% 5% 4%

96
Returning to previous employer

n Consulting n Corporate sectors

%
Starting own business

100%

Investment Banking 22% Investments Asset Management 6% Banking Retail and Commercial 5% Investments Private Equity/Venture Capital 4% Investment Banking Boutique Advisory 3% Investments Private Wealth Management 1% Public Sector 1% (Central Banks, Ministries, Regulation)

25% 14% 9% 1% 1%

80

Graduates who had accepted offers three months after graduation

42

Personal contacts Newspaper/other print media Speculative letters/cold calling

%
60

Strategy Other Full Service

corporate sectors TMT Internet TMT Information Technology Retail/Luxury Goods Financial Services FMCG Industrial Products Charities/Not-For-Profit/ National Governmental Organisations Law/Legal Services TMT Marketing/PR/Advertising

23% 5% 4% 3% 3% 3% 2% 1% 1% 1%

Primary reason for accepting job

Nature of work Promotion prospects Work/life balance Location Compensation 77% 8% 6% 5% 4%

85
Starting with new employer

40

35

20

23
0

MiM2011 job location information

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Masters in ManageMent 2011 graduates went to work at organisations in over 38 cities in 26 countries around the worLd

region changes
The graphs below show who returns to work in their home region after their Masters in Management and who works abroad. region Africa/Middle East Asia/Pacific Europe (outside UK) The Americas UK Home 25% 50% 46% 42% 100% abroad 75% 50% 54% 58% 0%

Job location
United Kingdom Europe (excluding UK) Asia Pacific The Americas Africa/Middle East 54% 22% 15% 7% 2%

the caLiBre of student at London Business schooL is consistentLy high and their LeveL of engageMent and interest in dunnhuMBy is very attractive to us as a recruiter of graduates.
This map illustrates the countries that our MiM2011 graduates are working in. Machar Smith, Recruitment, dunnhumby

MiM2011 salary information

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Salary information overall Base Salary Sign-on bonus Year-end bonus consulting Base Salary Sign-on bonus Year-end bonus corporate Sectors Base Salary Sign-on bonus Year-end bonus Finance Base Salary Sign-on bonus Year-end bonus Min 7,393 715 1,750 Min 23,494 715 2,000 Min 19,600 2,341 1,750 Min 7,393 1,000 2,000

Uk pounds Max 81,945 7,000 45,000 Max 57,171 7,000 15,000 Max 81,945 5,000 4,838 Max 55,000 7,000 45,000 Mean 36,379 4,130 10,507 Mean 35,340 3,708 7,137 Mean 35,403 3,210 3,412 Mean 38,298 4,859 20,811 Median 35,000 5,000 6,754 Median 33,750 3,025 7,000 Median 31,884 2,750 3,549 Median 42,341 5,500 12,139 Min $12,117 $1,172 $2,868 Min $38,505 $1,172 $3,278 Min $32,123 $3,837 $2,868 Min $12,117 $1,639 $3,278

US dollars* Max $134,301 $11,472 $73,751 Max $93,697 $11,472 $24,584 Max $134,301 $8,195 $7,928 Max $90,140 $11,472 $73,751 Mean $59,622 $6,769 $17,220 Mean $57,919 $6,076 $11,697 Mean $58,023 $5,261 $5,591 Mean $62,766 $7,964 $34,107 Median $57,362 $8,195 $11,070 Median $55,313 $4,958 $11,472 Median $52,254 $4,507 $5,816 Median $69,393 $9,014 $19,894

Salary information asia/Pacific Base Salary Sign-on bonus Year-end bonus europe (excluding Uk) Base Salary Sign-on bonus Year-end bonus the americas Base Salary United kingdom Base Salary Sign-on bonus Year-end bonus Min 7,393 2,542 2,054 Min 28,497 1,759 3,518 Min 31,664 Min 19,600 715 1,750

Uk pounds Max 43,856 6,259 12,139 Max 81,945 6,157 11,434 Max 47,593 Max 55,000 7,000 45,000 Mean 31,652 3,952 6,934 Mean 40,897 3,419 6,581 Mean 37,973 Mean 35,426 4,320 13,992 Median 36,958 3,054 6,771 Median 35,108 2,341 6,509 Median 36,610 Median 35,000 5,000 7,000 Min $12,117 $4,166 $3,366 Min $46,705 $2,883 $5,766 Min $51,894 Min $32,123 $1,172 $2,868

US dollars* Max $71,876 $10,258 $19,894 Max $134,301 $10,090 $18,739 Max $78,000 Max $90,140 $11,472 $73,751 Mean $51,874 $6,477 $11,364 Mean $67,026 $5,604 $10,785 Mean $62,234 Mean $58,061 $7,080 $22,932 Median $60,571 $5,006 $11,097 Median $57,539 $3,837 $10,667 Median $60,000 Median $57,362 $8,195 $11,472

Looking Back, joining the MiM is sureLy the Best decision i have Made in the past 25 years!
MiM2011 participant

*US dollars converted at 1.63891 from pounds to dollars on 1 August 2011 Salary by region data is not shown where sample size was deemed too small to be statistically viable

The London Business School programme portfolio

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Duration / Format / Primary study location Masters in Management 12 months / Full-time / london For recent graduates with less than one year of full-time postgraduate work experience. 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 or 22 months / Full-time or weekend / 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 americas and europe 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 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. executive education Our Executive Education portfolio comprises both open enrolment and company specific programmes. Open programmes range from two days to four weeks in length and span general management, finance, HR, leadership, strategic marketing and strategy.

recent graduate

early career

Mid career

Senior manager

Find out more Masters Programmes Telephone: +44 (0)20 7000 7500 Email: masters@london.edu executive education Telephone: +44 (0)20 7000 7390 Email: execinfo@london.edu recruit students from any of our masters programmes Telephone: +44 (0)20 7000 7400 Email: careerservices@london.edu www.london.edu

during My tiMe at London Business schooL i was aBLe to BecoMe friends with iMpressive professionaLs through various cLuBs, and was aLso given joB guidance which turned cruciaL in securing My joB at Bcg.
MiM2011 participant

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