Masters in Finance Employment Report 2012 - London Business School


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It is great to see that our on-going commitment to quality is being recognised. Our Masters in Finance (MiF) programme has been ranked number 1 in the world for post-experience programmes for the third consecutive year by the Financial Times. An indication of this is that 81% of the 2012 Masters in Finance graduates were employed within 4 months of graduation.

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Masters in Finance Employment Report 2012 - London Business School

  1. 1. Next Exit Print Send inFinanceEmploymentReport 2012 Access one of the world’s most dynamic pools of financial talentCareer Services
  2. 2. London Business School MiF Employment Report 2012 2NextBack Exit Print SendIntroduction from the Executive DirectorOur Masters in Financestudents are passionate aboutmaking an impact in the worldof global finance. It is becauseof this that I am proud to seeanother strong and diverseMasters in Finance cohortgraduate from the School andstart the next phase of theircareer. It is a tribute to ourworld-class faculty, a rigorousprofessional developmentprogramme and the wealth ofexperience the students bringthat 81% of the class wereemployed within four months of graduating.Learning in a Masters in Financeclassroom is a collaborative andmulti-cultural experience. With 38nationalities represented in the2012 class, the programmereflects the international diversityof the financial community.This diversity together with theinteractive nature of theprogramme, ensures studentsare exposed to, and build on,each other’s internationalprofessional experiences.With 25% and 18% of our studentsmoving into investment bankingand investment managementrespectively, they continue to bethe most popular sectors of choicefor Masters in Finance students.However, for the second year ina row we have seen an increasein major corporate organisationsrecruiting our Masters in Financestudents (18% of graduatescompared to 14% in 2011) asthey recognise the need forfinance specialists with globalbusiness knowledge.With persistent challenges andshifts in the finance industry, wereviewed the programme formatand have since introduced a rangeof specialist concentrations toenable our students to customisetheir learning to their chosensector. We increased the globalfocus of the programme andincluded an additional option ofa fourth term. The fourth termgives students the opportunityto undertake an internship orinternational exchange as part oftheir programme.It is great to see that our on-goingcommitment to quality is beingrecognised; in 2012 the Mastersin Finance programme wasranked number 1 globally for thesecond year in a row, for post-experience programmes, by theFinancial Times.We truly value our relationshipswith organisations that engage withand recruit from the School andtherefore I would like to thank youfor your support. I hope you enjoyreading this report.Fiona Sandford Executive DirectorCareers and Global BusinessLondon Business“Our Finance.students are.passionate.about making an. impact in the world.of global finance.”.Fiona Sandford
  3. 3. London Business School MiF Employment Report 2012 3NextBack Exit Print SendMasters in Finance 2012 class profileRegional background1 - East Asia 24%2 - South Asia 17%3 - Europe (Excluding UK) 16%4 - Latin Americaand Caribbean 12%5 - UK 7%6 - Middle East 6%7 - USA and Canada 6%8 - South East Asia 5%9 - Australasia 3%10 - Africa 2%11 - Central Asia 2%Class profileNumber of students 116Average age 30Age range 23-37Average workexperience (years) 6Range of workexperience (years) 2-13Nationalities represented 38GMAT average 700% Female 24%Educational experienceFinance / Accounting/ Economics 40%Business Management 37%Engineering / Technology / Science / Maths / IT 15%Social Science / Law/ Arts / Humanities 8%Industry sector prior to programme1 - Financial institutions 75%2 - Consulting 14%3 - Corporate sectors 11%A.P. Moller-MaerskAdministration of ForeignExchange BeijingAffiniture Agrawal & AssociatesAmerican AirlinesAmerican ExpressBanchile InversionesBanco de MéxicoBank AudiBank of JapanBarclaysBooz & CompanyCargillCauris ManagementCentral Bank of MalaysiaCF PartnersChina Life Asset ManagementCompanyChina ResourcesCitiCode AdvisorsCompetence Assurance SolutionsCredit SuisseCrowdBnkDebtwireEmbassy of IsraelForsun GroupGlaxoSmithKlineGoldman SachsGrupo SantanderHeraymila GroupICBC InternationalImpera CapitalInvestec Asset ManagementJ.P. MorganJapan Alternative InvestmentKorea Development BankKromann ReumertKTB Asset ManagementKuwait Investment AuthorityLa ClocheLondon Stock ExchangeLumenisMcKinsey & CompanyMinistry of Finance (Japan)Monetary Authority of SingaporeMorgan StanleyNorges Bank InvestmentManagementOakmont ResourcesPamplona Capital ManagementPIMCOPing An TrustPRAGMA Gestão de PatrimônioProbitas PartnersProparcoRIT Capital PartnersRothschildRoyal Bank of ScotlandSamsungSC LowySiemensSony Music EntertainmentStandard CharteredState Street Global AdvisorsTBC BankThe Boston Consulting GroupUBSPlease noteMany more companiespresented on our campusand / or posted opportunitiesfor our students.Masters in Finance recruitersCompanies that hired studentsfrom London Business School’sMasters in Finance programmein 2012.4567833211111092
  4. 4. London Business School MiF Employment Report 2012 4NextBack Exit Print SendMasters in Finance 2012 employment profileEmployment rateGraduates who had accepted offers fourmonths after graduation*Accepted an offer with a new employerReturning to my pre-London Business School employerSelf-employed / starting own business81%54%24%3%Employer sector Finance Investment Banking/ Brokerage 25%Investment Management/ Research 18%Government andSupranational 13%Other Financial Services 8%Private Equity / Buyouts 6%Retail and Commercial Banking 3%Private Wealth Management 3%Corporate Sectors 18%Industrials 5%Hi-Tech / Telecommunications 3%Consumer Products 3%Healthcare / Pharmaceutical/ Biotech 3%Energy and Utilities 1%Media / Entertainment 1%Government andSupranational: Non-Finance 1%Law 1%Consulting 6%Strategy 5%Other 1%76%Source of opportunity School community 65%Career Services (events,on-campus presentations,job postings, CV search) 43%Networking 19%Alumni 3% Outside sources 35%Personal contacts 23%Executive search 10%Internet job boards 2%Primary reason accepting Nature of work 67%Promotion prospects 13%Compensation 8%Location 6%Work / life balance 6%2010 2011 2012Sector choice on graduationFinanceCorporate SectorsConsulting78%9%13%73%13%14%76%6%18%*Percentage of MiF 2012 class reportingas seeking employment (response ratefor MiF 2012 class: 93%)
  5. 5. London Business School MiF Employment Report 2012 5NextBack Exit Print SendMasters in Finance 2012 salary informationOverall Min Max Mean Median Min Max Mean MedianBase salary £13,308 £87,621 £55,634 £54,376 $20,753 $136,637 $86,755 $84,793Sign-on bonus £3,000 £32,987 £14,836 £14,799 $4,678 $51,440 $23,135 $23,077Year-end bonus £3,047 £76,953 £24,441 £15,162 $4,752 $120,000 $38,113 $23,644Region Asia Min Max Mean Median Min Max Mean MedianBase salary £30,195 £87,621 £46,693 £41,000 $47,086 $136,637 $72,813 $63,935 Europe (Exc UK) Min Max Mean Median Min Max Mean MedianBase salary £13,308 £79,477 £43,731 £47,927 $20,753 $123,937 $68,194 $74,738 Latin America Min Max Mean Median Min Max Mean MedianBase salary £69,146 £87,573 £80,104 £83,592 $107,825 $136,561 $124,913 $130,354 Middle East Min Max Mean Median Min Max Mean MedianBase salary £26,796 £53,626 £40,702 £41,683 $41,786 $83,624 $63,470 $65,000 United Kingdom Min Max Mean Median Min Max Mean MedianBase salary £30,000 £87,500 £63,289 £70,000 $46,782 $136,447 $98,693 $109,158**Salary by region data is not shown where sample size was deemed toosmall to be statistically viable. Subsequently certain individual salaries thatappear in the overall analysis may be excluded from the region analysis (ifthe sample size of the region that the salary represents is considered toosmall to report).Salary information UK pounds US dollarsUS Dollar Conversion 1.559397Date of exchange: 01 August 2012“The programmeallowed me to gainmore confidenceand rise to thechallenge in a verydifficult market.”MiF 2012 participant
  6. 6. London Business School MiF Employment Report 2012 6NextBack Exit Print SendMasters in Finance 2012 job location informationMasters in Finance 2012 graduates wentto work at organisations in 22 cities in 20countries around the world.The graph below shows who returns to work intheir home region (based upon nationality) aftertheir Masters in Finance, and who works abroad.Region changes Job locationAsiaEurope (Exc UK)Latin AmericaMiddle EastUKUSA / CanadaHome AbroadRegion77% 23%38% 62%67% 33%60% 40%67% 33% 100%42%United Kingdom12%Europe7%Latin America30%Asia2%Africa5%Middle East2%USA / Canada22 cities20 countries
  7. 7. London Business School MiF Employment Report 2012 7Exit Print SendThe London Business School programme portfolioMasters in ManagementMBAMasters in FinanceExecutive MBAEMBA-Global Americas and EuropeEMBA-Global AsiaSloan Masters in Leadership and StrategyAlumniRecent Early Mid Senior graduate career career managerExperience tableFind out moreRecruit world-class talent fromLondon Business SchoolTelephone: +44 (0)20 7000 7400Email: careerservices@london.eduMasters ProgrammesTelephone: +44 (0)20 7000 7500Email: masters@london.eduExecutive EducationTelephone: +44 (0)20 7000 7390Email: execinfo@london.eduMasters in Management 12 months / full-time / LondonFor recent graduates withless than one year of full-timepostgraduate corporate workexperience or with less thantwo years in a non-traditionalbusiness role.MBA 15–21 months /full-time / LondonFor individuals who are lookingto make a vertical shift in theircareer path, change industryor job function, or develop anentrepreneurial toolkit.Masters in Finance 10–16 or 22 months / full-timeand weekend / LondonFor individuals wishing toadvance their career or changetheir area within finance.Executive MBA 20 months / study whileworking full-time / Londonor DubaiDesigned for those who wantto accelerate their career intogeneral management or movebeyond their technical orfunctional specialism.EMBA-Global Americas and Europe 20 months / study whileworking full-time / Londonand New YorkFor dynamic, mid-careermanagers and professionalswho are highly ambitiousand have, or aspire to have,transnational responsibilities.EMBA-Global Asia 20 months / study whileworking full-time / Hong KongFor dynamic, globally-focusedexecutives and managerswishing to deepen theirunderstanding of western andeastern business practices.Sloan Masters in Leadership and Strategy 12 months / full-time / LondonDesigned to prepareexperienced senior managersfor their next career challenge.Alumni Available for recruitmentall year round / GlobalBased in over 120 countriesworldwide our alumnicommunity consists of over35,000 globally-focusedprofessionals.All admissions decisions are taken in accordancewith best equal opportunities practice.“London BusinessSchool is a hugebrand. It says youcan use finance toolsaccurately, preciselyand shows that youknow what you aretalking about.”MiF 2013 participantBack