Salaries at the final placement for students of the 2015 batch at London Business School (LBS) saw substantial increase, especially in consultancy where mean salaries rose from £73,108 to almost £79,773, closely followed by finance, going up from £69,871 to £78,358.
“We have had another strong year in this exciting market with 93% of our MBA 2015s accepting job offers within three months of graduation and 27 students starting their own businesses,” LBS Executive Director Lara Berkowitz said.
This was almost similar to other European schools like INSEAD and HEC Paris where 90% of students got jobs in the same time frame.
Consulting remained the most attractive sector with one-third of the class opting for it even as the number of students choosing careers in the technology and e-commerce sectors continued to rise to 20% from 16% the previous year. Finance stood at 27%, similar to the previous batch.
However, investment banking dropped from 12% to 8% while areas such as private equity and venture capital and diversified financial services gathered steam.
Consulting remained the most attractive sector with one-third of the class opting for it even as the number of students choosing careers in the technology and e-commerce sectors continued to rise to 20% from 16% the previous year. Finance stood at 27%, similar to the previous batch.
“The diversity of company choices increased significantly with 177 companies hiring graduating students for permanent employment versus 142 the previous year, an increase of 25% in the number of individual companies employing our MBA graduates,” Berkowitz said.
“Of those 177 companies, 20 hired three or more students which means that almost 89% hired one or two students, further demonstrating the diversity of our employers,” she added.
The 2015 class of 401 students in the age range of 23-39 had an average work experience of 5.5 years. Drawn from among 69 nationalities with a GMAT average of 695, 32% of them were female.
As many as 49% of the students had corporate sector jobs in their pre-MBA professional background followed by consulting (28%) and finance (23%).
Thus, 40% chose corporate sector with 20% in technology and 4% in healthcare in the sub-sector jobs. Consulting had 33% followed by Finance at 27%.
Among the top recruiters, McKinsey & Company took in 38 grads, followed by the Boston Consulting Group with 19 and Amazon appointing 16.
Median base salaries for London Business School’s Class of 2015 rose by 7.5% to GBP 75,276 from GBP 70,000 in the previous year. Though lower compared to US schools like Harvard and Stanford that had a median of $ 130,000 (GBP 93,754.50), analysts attribute it to the slower economic recovery in Europe and weakening of the British Pound. (Image Source: Wikimedia)
