2005 Employment Report

MBA Employment Report 2005

Access the World’s Most Diverse Pool of Global Business Talent

Contents Recruitment Overview

1

The London Business School Advantage

2

Employers Hiring London Business School Students

4

MBA 2005 Class Profile

5

MBA 2005 Employment Profile

6

MBA 2005 Career Decisions

7

MBA 2005 Salary Information

8

MBA 2006 Class Profile

10

MBA 2006 Summer Employment Report

11

MBA 2006 Summer Employment Profile

12

2005 Recruitment Overview What a Bumper Year!

The Lure of London

2005 was a great year for our MBA graduates with an increase in opportunities and salaries across all sectors, functions and geographies. A record number of our graduates (97%) had secured offers of permanent positions by three months after graduation and 96% of graduates had accepted offers in the same time period (compared to 85% in 2004). Starting salaries were up across all sectors, with the most significant changes being in the number of students receiving sign-on payments (up to 78% from 52%) and expecting end of year bonuses (up to 97% from 86%). Our first year students also fared well, with 99% of the MBA class of 2006 securing paid employment during their summer break, either in traditional internship programmes or, increasingly, undertaking project work for large corporates or small entrepreneurial firms. Our summer consulting team, in its fourth year of operation, were completely sold out, with the six participants billing a total of £120,000 in just 12 weeks.

The UK, and London in particular, remains the most attractive geographic destination for our students, despite their incredibly diverse national backgrounds. We find that many of our alumni choose to work in the UK on graduation but that they slowly move outwards, either back to their home country or to other exciting opportunities in a third country. The contribution of top-quality MBAs to the UK economy was recognised by the UK Government with the Chancellor’s decision earlier this year to extend the Highly Skilled Migrant Programme (HSMP) automatically to all of our graduates. This makes our MBA graduates even more attractive as the visa allows them to work freely in the UK without the need for any further paperwork on behalf of their employer.

Many Sectors Attractive to Students It was particularly gratifying to see our students

continuing to choose careers across a range of industry sectors. Over the last year, the Career Services team has reached out to over 200 new companies in order to increase the range of opportunities available to our students and to provide greater access to our talent pool. Despite the resurgence in opportunities and salaries in management consulting and investment banking, opportunities in other sectors remained highly attractive to our graduating students. It was also highly rewarding to see large numbers of students using their MBA to leverage their expertise and skills in new sectors, functions and geographies.

Looking Forward Over the last two years, my team has been focused on getting the basics right, by attracting a greater range of recruiters to our campus and by embedding career skills development at the heart of our MBA programme. Over the next year, we will have the luxury of being able to really focus on improving our service delivery through the adoption of new technology for CV creation and search, job boards and event sign-up systems. The School has taken an important decision to invest in the provision of lifelong career services to our alumni. This is good news not just for our alumni, but for our many recruiting partners, who will be able to access our talented graduates not just on graduation but throughout their careers. If anything, 2006 is shaping up to be an even better year than 2005. The traditional autumn on-campus recruitment (or milkround) has been our busiest ever, with more companies than ever before presenting and interviewing on campus. Unlike in previous years, we have had more companies from the industry sectors present during the milkround than we had either consultants or banks. Our spring recruitment process for summer internships and projects is also shaping up to be the busiest ever. All in all, this is a great time to be graduating from a top-quality MBA programme. Graham Hastie Career Services, Director

MBA Employment Report 2005

1

The London Business School Advantage World-Class Business Talent If you are looking to recruit truly world-class business talent, then London Business School graduates can provide the outstanding global business capabilities, diversity, international outlook and professional experience that will make a real difference to your business. There are many ways to get to know London Business School students and to raise awareness of your company on-campus. Whatever your requirements, London Business School’s Career Services will work in partnership with you to help you access the talent you need. At London Business School we provide our students with the global business capabilities required for success. We are consistently ranked as one of the top business schools in the world, and are committed to becoming the pre-eminent global business school. London Business School’s 1,000 students and 6,000 executive education participants per year, come from 109 countries. Our 100-plus world-renowned faculty come from over 30 countries and produce world-impacting research including the annual Global Entrepreneurship Monitor and Global Investment Returns Yearbook. We have over 40 Corporate Partners and our students are employed by over 200 different companies each year. Our 24,000 international alumni lead big businesses, run governments, transform communities and start new businesses in over 100 countries around the world. The School has been working to better understand what business leaders identify as the capabilities needed for success in today’s business world. Our research has shown that in addition to technical knowledge, employers are looking for highly developed interpersonal skills and attributes in those they recruit. These global business capabilities instilled in our students ensure our graduates are highly sought after as global business leaders.

Diversity London Business School graduates are highly talented individuals with diverse international backgrounds and a range of sophisticated skill sets to meet every need. The School provides a variety of pre-eminent degree programmes: • MBA – a top-ranked international full-time general management programme designed to develop multi-skilled professionals and with the flexibility to be completed within a 15-21 month time frame. • Masters in Finance (MiF) – a programme providing world-class education for experienced financial professionals completed over 10 months full-time or 21 months part-time. • Sloan Fellowship Programme – the premier business masters degree designed purely for experienced, senior managers and 2

London Business School

preparing successful international achievers for leadership positions around the world. This rigorous sabbatical is completed over 10 months full-time. • Executive MBA – for ambitious and committed mid-career executives. A rigorous, demanding and career-oriented programme completed over 20 months and designed to suit managers in full-time employment. Ranked third worldwide and number one in Europe. • EMBA-Global – a modular programme, offered over 20 months and resulting in the award of a dual degree from London Business School and Columbia Business School, and aimed at participants with current or developing international responsibilities and seeking a truly exceptional global management education.

London Business School MBA Programme Our MBA is designed to develop managers with global business capabilities and we select students who we believe have the education, experience and motivation for this. Our rigorous and practical curriculum is delivered full-time over a flexible 15-21 months. Projects and teamwork are key to developing the skills of our MBA students. We strive constantly to improve the quality of our MBA, and recently interviewed over 100 CEOs in 20 countries to find out what they value in business leaders. Along with feedback from recruiters and students, these findings have led us to instigate a number of curriculum changes to our programme this year. We believe these changes will make our programme even more effective in producing future Global Business Leaders. By the time London Business School students graduate we expect they will have: • Strong analytical skills and an understanding of finance, marketing, technology and economics • Highly developed interpersonal and leadership skills • The ability to thrive and succeed in truly cross-cultural teams • Competency in at least one, if not more, languages (in addition to English)

Recruiting from London Business School London Business School Career Services will work in partnership with your company to help you access the talent you need. There are a number of ways to recruit from London Business School: Advertise a position online to London Business School Students Post your position free of charge on our online job site, www.london.edu/recruiters/postajob.html accessible 24 hours a day, 365 days a year.

Overview of On-Campus Recruiting Calendar

Search London Business School CVs Register on our website and we will provide you with free access to CVs from London Business School students online www.london.edu/recruiters/register.html London Business School CV Books Career Services produces CV Books containing the individual CVs of MBA 2006, MBA 2007 and MiF 2006 students. They are arranged in alphabetical order and include details of qualifications, work experience, language capability and personal information. Contact students directly to discuss positions you have vacant or alternatively contact Career Services to discuss suitable students for your vacancy. Email [email protected] to request copies of the CV books. On-Campus Recruitment London Business School provides facilities for you to present and/or interview on-campus. Presentations are an excellent opportunity for students to learn about your company and to meet some of your employees. Afterwards, you will have the option of hosting a networking event, where students and your representatives can meet and talk more extensively about your company. Career Services is delighted to assist you in the scheduling of your presentations, and subsequent interviews, which can be organised on-campus or off-site.

Please contact the relevant Relationship Manager below to discuss your needs: Consulting

June O’Connor, email [email protected] telephone +44 (0)20 7000 7418

Industry

Heather Allum, email [email protected] telephone +44 (0)20 7000 7430

Finance

Helen Green, email [email protected] telephone +44 (0)20 7000 7410

Oct – Nov

Full-time on-campus presentations Student CVs available in books and online

Nov – Dec

Full-time on-campus interviews

Jan – Mar

Full-time on-campus presentations Full-time on-campus interviews Summer internship on-campus presentations Summer internship on-campus interviews

Jan – July

Students available to commence full-time positions

June

Students available to commence summer internships or projects

Work Permits – Internships/Projects Internships – London Business School students do not need work authorisation documentation when undertaking a summer internship or project in the UK. They are also able to work part-time (up to 20 hours a week) during their course. Full-time – The Highly Skilled Migrant Programme (HSMP) allows MBA graduates from the top business schools in the world to work in the UK upon completing their MBAs. London Business School is included in the Treasury’s list of top MBA programmes and consequently our MBA graduates automatically qualify to apply for the HSMP. This allows them to work in the UK without the need for any further work authorisation documentation.

Career Services Contact Details For all recruitment enquiries please contact Career Services on: Telephone +44 (0)20 7000 7400 Email [email protected] Fax +44 (0)20 7000 7401 Or go to our website: www.london.edu/recruiters London Business School Switchboard: +44 (0)20 7262 5050

Disclaimer: The information reported in this report is collated from information provided to London Business School by the students and recruiters. London Business School has not independently verified the information, and gives no warranty as to its accuracy.

MBA Employment Report 2005

3

Employers Hiring London Business School Students Includes companies that hired summer interns and full-time postgraduates in 2005

3i 3Sixty Group Holdings Limited 4future AT Kearney ABN AMRO Accenture Actis Capital Aerium Properties Alpstar Amadeus Capital Partners Amazon Amdocs American Express Amgen Amnesty International Apax Arc Financial Arcapita Private Equity Arch Convergence Areva T&D Arthur D Little Aubach Holding Limited Aureos Capital Avaya Axon BAA Plc Bain & Company Banco Santander Central Hispano Bank of America Barclays Capital Barclays Global Investors BBVA Bear Stearns Bedminster Capital Benfield BNP Paribas Booz Allen Hamilton Boston Consulting Group BP Brazzi TWS Limited Bread Factory Bristol-Myers Squibb Brookfield Properties Brynild Group BT C7 Plus Cadbury-Schweppes Cadwyn Capital Cantillon Capital Management Celtel International Central Bank of Mexico Centres of Clinical Excellence CFRA CFS Partners Limited CIBC World Markets CIFG Citigroup Coalition Development Coller Capital ConocoPhillips Credit Suisse Creditanstalt Securities DeBeers Deloitte

4

London Business School

Deutsche Bahn Deutsche Bank Deutsche Post World Net DHL Diageo DiamondCluster International Discovery Networks Disney Consumer Products Doosan Group Dresdner Kleinwort Wasserstein Dubai World Trade Centre EADS Economics Research Associates Ecosecurities Eli Lilly EMAP Embiricos Shipbrokers Envisional European Agency for Reconstruction European Technology Ventures Expedia Experian Extreme Group Fendi (LVMH Group) Fidelity Investments Financiere de L'Echiquier Flextronics Foda Consulting Fridays Property Lawyers Limited Future Pipe General Electric General Motors Generation Investment Management Gillette Goldman Sachs Google Grascoe Limited GSC Partners HAL Investments BV Hardy Oil & Gas Plc Harrah’s Entertainment, Inc HG Capital Honeywell Houlihan Lokey Howard & Zukin HSBC Hyperphar IBM IC-Vec Limited Ifex Limited Industry Corporate Finance Limited Inova Capital Sacr. Venture Capital Integrated Finance Limited (IFL) International Trade Centre Intrawest Corporation Investec Investis IPC Media Islandsbanki J Alix Partners Janssen-Cilag Limited Japan Business Federation Johnson & Johnson Jones Lang LaSalle JP Morgan

Kensington Technology Group KrollZolfoCooper Kykon Limited Land Masters Trust Langham Capital LaSalle Bank LDC (Lloyds Development Capital) Lehman Brothers Lek LEK Consulting Level 3 Communications Liftshare.com Lindbergh SRL Lloyds TSB London Business School Finance Department London Business School Summer Entrepreneurshp Programme London Business School Summer Consulting LongAcre Partners Limited L’Oreal Loyalty Management Group Luckbox Entertainment Marakon Associates Marubeni Corporation Mattel McKesson Corporation McKinsey & Company Media Planning Group Medtronic Mercedes Benz Mercer Oliver Oyman Merrill Lynch Millward Brown Optimor Mitsubishi Heavy Industries Limited Mittal Steel Morgan Stanley MTI MUJI Murphy Exploration & Production Co International Natura Brasil NBGI Private Equity Nestle Neurtek News Outdoor Group NEXANS Nippon Ericsson Northern & Shell Network Limited Novartis Numico OC & C Ocado Orascom Telecom Holding Orca Deco Oregon Capital Partners O’Sullivan Pullini Ovum Pauric Sweeney Bags Pepsico Petrofac Limited Pfizer

Philip Morris International Pitney Bowes Placement Consulting PRTM Rabobank Regent’s Park Heart Clinics Resolution Life Group Rio Tinto Roland Berger Royal Bank of Scotland Samsung Securities Saudi Aramco SEI Investments Serabi Plc SG Cowen Shell Shirron Investments Siebel Systems Limited Skinkers Plc Skype Sonaecom Sony Sony Ericsson Mobile Communications Sony Pictures Television International Standard Chartered Bank TRowe Price International Taiwan Semiconductor Manufacturing Company Limited Terra Firma Capital Tesco Plc The Hunger Project -UK The Parthenon Group TK Maxx Treajean UBS Unibanco United Nations Development Program UPS UnLtd UTStarcom Valuentis Virgin Unite Vodafone Group Warden International Ags P Limited Water Industry Commission of Scotland Watson Wyatt Wharton Asset Management Willis Group Limited World Bank WPP Group Plc Yahoo! Zodiac Maritime Agencies Limited ZS Associates Zurich Municipal

Companies in bold hired three or more students

MBA 2005 Class Profile Number of Students

296

Female

23%

Average Age

29 years

Age Range

24-35 years

Average Work Experience

6 years

Languages spoken by London Business School MBA 2005 Class

Nationality

(Non UK)

Professional Background

Afrikaans Arabic Bengali Bulgarian Catalan Chinese Cantonese Chinese Hokkien Chinese Mandarin Croatian Czech Danish Dutch English Farsi French Georgian German Greek Gujarati Hebrew Hindi Hungarian Indonesian Italian Japanese Khazak Korean Malay Marathi Norwegian Philippine Polish Portuguese Punjabi Rumanian Russian Serbian Shanghainese Slovak Spanish Swahili Swedish Taiwanese Tamil Telegu Thai Turkish Ukrainian Urdu Vietnamese

MBA Employment Report 2005

5

MBA 2005 Employment Profile % Class employed at 3 months

96%

Top Recruiters

Of those New Employer

90%

Previous Employer Starting Own Business % Reporting

Management Consulting

Financial Services

7%

McKinsey & Company

3%

Booz Allen Hamilton

9

Citigroup

7

Boston Consulting Group

6

Lehman Brothers

7

Deloitte

5

Deutsche Bank

6

AT Kearney

4

Morgan Stanley

6

Bain & Company

3

Merrill Lynch

5

LEK Consulting

3

Credit Suisse

4

Marakon Associates

3

UBS

4

ZS Associates

3

Goldman Sachs

3

The Parthenon Group

2

HSBC

3

PRTM

2

ABN Amro

2

Barclays Global Investors

2

Bear Stearns

2

93%

12

Industry

Barclays Capital

12

BT

8

Ecosecurities

2

Skype

4

JP Morgan

2

General Motors

3

Standard Chartered Bank

2

Amazon

2

Unibanco

2

Amgen

2

Johnson & Johnson

2

Philip Morris International

2

Shell

2

Progression of Career Decisions Industry

27%

Consulting

15%

Finance

34%

48%

32%

33%

30%

25%

45% 33%

23% 22%

40%

40%

43%

38%

42%

30%

2000 6

London Business School

2001

2002

2003

2004

2005

MBA 2005 Career Decisions Sector Breakdown 42%

Finance Investment Banking

33%

Career Changers by Destination Sector Went into Consulting from: 19%

Consulting

37%

Sales & Trading

7%

Finance

20%

Asset Management

4%

Industry

43%

Corporate & Commercial Banking

3%

Venture Capital/Private Equity

3%

Went into Finance from:

Capital Markets

2%

Consulting

34%

Retail & Private Banking

2%

Finance

43%

Services

2%

Industry

24%

Industry Healthcare & Pharmaceuticals

Went into Industry from: 5%

Consulting

Manufacturing

5%

Finance

22%

Telecommunications

5%

Industry

60%

FMCG, Food & Beverage

4%

Technology

4%

Energy & Utilities

4%

Other

6%

18%

Insight into Student Decisions Source of Job

25%

Management Consulting

Within School

71%

Outside School

29%

Resulting from Summer Internship

25%

Breakdown of Job Function Finance

40%

Consulting

33%

Most Useful Job Search Tool Career Services Job Postings

24%

Milkround Events

23%

Corporate Development/Strategic Planning

6%

General Management

6%

Business Development

5%

Projects

6%

Project Management

4%

Alumni

4%

Marketing & Sales

3%

Student Clubs

3%

Human Resources

1%

Speculative Letters

3%

Operations/Logistics

1%

Faculty

1%

Personal Contacts

18%

Networking

18%

Reason for Accepting Position

Location of First Job

Job Content

41%

UK

64%

Company Reputation

18%

Continental Europe

14%

Company Culture

14%

North America

11%

Promotion Prospects

12%

Asia

8%

Salary (including benefits)

9%

Middle East

2%

Geographic Location

6%

Latin America

1%

Job Security

1%

MBA Employment Report 2005 7

MBA 2005 Salary Information (Converted to Dollars at 1.8066 - 26 August 2005) Salary Information Overall

UK Pounds

US Dollars

% Receiving

Min

Max

Mean

Median

Min

Annual Salary

100%

25,000

114,000

59,148

58,000

45,165

Sign-On Bonus

78%

2,000

40,000

13,634

15,000

3,613

72,264

24,632

27,099

Year-End Bonus

97%

1,107

60,000

19,783

25,000

2,000

108,396

35,740

45,165

Healthcare

85%

Relocation

54%

Stock Options

20%

Car

18%

Max

Mean

Median

195,113 109,158

108,396

Mortgage

Max

Mean

Median

205,952 106,857

104,783

8%

By Region UK

% Receiving

Min

Max

Mean

Median

Min

Annual Salary

100%

35,000

108,000

60,422

60,000

63,231

Sign-On Bonus

77%

2,000

40,000

14,712

16,000

3,613

72,264

26,578

28,906

Year-End Bonus

97%

1,107

60,000

20,254

25,000

2,000

108,396

36,591

45,165

Max

Mean

Median

179,833 102,591

98,592

Rest of Europe % Receiving

Min

Max

Mean

Median

Min

100%

30,697

99,542

56,787

54,573

55,458

Sign-On Bonus

85%

2,729

20,465

9,516

8,750

4,930

36,972

17,191

15,808

Year-End Bonus

100%

3,343

25,000

15,299

12,961

6,039

45,165

27,639

23,416

Max

Mean

Median

121,349 101,311

102,500

Annual Salary

North America % Receiving

Min

Max

Mean

Median

Min

Annual Salary

100%

41,514

67,170

56,078

56,736

75,000

Sign-On Bonus

77%

5,535

19,927

12,629

13,838

10,000

36,000

22,816

25,000

Year-End Bonus

90%

5,535

33,212

21,478

25,000

10,000

60,000

38,802

45,165

% Receiving

Min

Max

Mean

Median

Min

Max

Mean

Median

Annual Salary

100%

25,000

114,000

55,483

49,520

45,165

205,952 100,236

89,462

Sign-On Bonus

73%

2,500

22,141

12,096

16,541

4,517

40,000

21,852

29,883

Year-End Bonus

100%

3,000

25,000

15,118

11,227

5,420

45,165

27,313

20,282

Asia

8

London Business School

By Sector

UK Pounds

US Dollars

Consulting

% Receiving

Min

Max

Mean

Median

Min

Annual Salary

100%

47,752

78,000

64,483

65,000

86,268

Sign-On Bonus

92%

2,690

20,000

11,833

10,616

4,861

36,132

21,378

19,179

Year-End Bonus

100%

3,000

33,212

19,585

25,000

5,420

60,000

35,383

45,165

% Receiving

Min

Max

Mean

Median

Min

Max

Mean

Median

Annual Salary

100%

25,000

114,000

59,070

58,000

45,165

205,952 106,716

104,783

Sign-On Bonus

83%

2,500

40,000

16,405

16,606

4,517

72,264

29,637

30,000

Year-End Bonus

99%

1,107

60,000

22,394

25,000

2,000

108,396

40,457

45,165 Median

Finance

Industry

Max

Mean

Median

140,915 116,495

117,429

% Receiving

Min

Max

Mean

Median

Min

Max

Mean

Annual Salary

100%

30,697

77,240

54,223

55,000

55,458

139,542

97,959

99,363

Sign-On Bonus

58%

2,000

22,141

9,874

10,000

3,613

40,000

17,838

18,066

Year-End Bonus

91%

3,000

52,474

15,845

10,155

5,420

94,800

28,626

18,346

Max

Mean

Median

120,000 100,490

105,000

Manufacturing % Receiving

Min

Max

Mean

Median

Min

100%

37,666

66,423

55,624

58,120

68,047

Sign-On Bonus

78%

3,000

13,838

8,270

7,768

5,420

25,000

14,941

14,033

Year-End Bonus

100%

7,533

25,000

18,962

25,000

13,609

45,165

34,258

45,165

Max

Mean

Median

121,042 105,099

108,396

Annual Salary

Telecoms

% Receiving

Min

Max

Mean

Median

Min

100%

50,000

67,000

58,175

60,000

90,330

Sign-On Bonus

22%

3,000

13,000

8,000

8,000

5,420

23,486

14,453

14,453

Year-End Bonus

100%

5,000

25,000

10,286

9,600

9,033

45,165

18,582

17,343

Max

Mean

Median

117,429 103,428

108,396

Annual Salary

Technology

% Receiving

Min

Max

Mean

Median

Min

100%

44,000

65,000

57,250

60,000

79,490

Sign-On Bonus

60%

10,000

10,000

10,000

10,000

18,066

18,066

18,066

18,066

Year-End Bonus

100%

5,000

25,000

20,000

25,000

9,033

45,165

36,132

45,165

Annual Salary

% Receiving

Min

Max

Mean

Median

Min

Max

Mean

Median

Annual Salary

Healthcare

100%

45,000

65,000

51,577

47,752

81,297

117,429

93,179

86,268

Sign-On Bonus

75%

2,000

22,141

13,458

12,535

3,613

40,000

24,313

22,646

Year-End Bonus

75%

3,000

52,474

20,886

25,000

5,420

94,800

37,732

45,165

% Receiving

Min

Max

Mean

Median

Min

Max

Mean

Median

Annual Salary

100%

35,000

77,240

53,282

47,401

63,231

139,542

96,259

85,634

Sign-On Bonus

75%

2,000

15,448

9,387

8,303

3,613

27,908

16,959

15,000

Year-End Bonus

88%

3,972

8,827

6,584

6,768

7,176

15,948

11,894

12,226

% Receiving

Min

Max

Mean

Median

Min

Max

Mean

Median

Annual Salary

100%

57,984

66,423

61,308

60,000

104,754

120,000 110,759

108,396

Sign-On Bonus

67%

6,822

18,000

11,434

10,457

12,324

32,519

20,657

18,892

Year-End Bonus

86%

6,000

25,000

17,564

25,000

10,840

45,165

31,732

45,165

FMCG

Energy

MBA Employment Report 2005

9

MBA 2006 Class Profile Number of Students

303

Female

23%

Average Age

28 years

Age Range

23-35 years

Average Work Experience

6 years

Languages spoken by London Business School MBA 2006 Class

Nationality

Western Europe (Non UK)

Eastern Europe

Professional Background

10 London Business School

Afrikaans Arabic Bengali Catalan Chinese Cantonese Chinese Hokkien Chinese Mandarin Chinese Teochew Croatian Czech Danish Dutch English Farsi Finnish French German Greek Gujarati Hebrew Hindi Hungarian Indonesian Italian Japanese Kannada Korean Malayalam Marathi Norwegian Panjabi Philippine Portuguese Punjabi Rumanian Russian Slovak Spanish Tamil Telegu Turkish Urdu Vietnamese

MBA 2006 Summer Employment Report (Summer Internships/Projects)

% Class employed

99%

Breakdown of Job Function

Of those New Employer

92%

Previous Employer

4%

Self-Employed or Contracting

4%

Finance

41%

Consulting

24%

Business Development

12%

Corporate Development/Strategic Planning

10%

% Reporting

99%

Project Management

5%

% Seeking

99%

Marketing & Sales

3%

Sector Breakdown Finance

Human Resources

2%

General Management

1%

Operations/Logistics

1%

Information Technology

1%

44%

Investment Banking

20%

Asset Management

7%

Venture Capital/Private Equity

6%

Sales & Trading

4%

Retail & Private Banking

3%

Capital Markets

2%

Other

2%

Industry

Insights into Student Decisions Source of Job Within School

84%

Outside School

16%

37% Most Useful Job Search Tool

Healthcare & Pharmaceuticals

6%

Energy & Utilities

5%

Milkround Events

32%

FMCG, Food & Beverage

5%

Career Services Job Postings

26%

Manufacturing

5%

Networking

18%

Technology

3%

Personal Contacts

13%

Telecommunications

3%

Distribution & Transport

2%

Media

2%

Not for Profit

2%

Retail & Wholesale

2%

Other

2%

Management Consulting Start-Ups

18% 2% 100%

Alumni

6%

Student Clubs

4%

Speculative Letters

2%

Reason for Accepting Position

18% 2% 100%

Job Content

45%

Company Reputation

26%

Company Culture

11%

Promotion Prospects

8%

Geographic Location

6%

Salary (including benefits)

3%

MBA Employment Report 2005 11

MBA 2006 Summer Employment Profile Weekly Compensation

Top Internship Recruiters

(Converted to Dollars at 1.8066 - 26 August 2005) UK Pounds

Min

Max

Mean

Median

Consulting

400

1,667

1,123

1,143

Industry

50

1,250

641

683

Finance

200

1,500

972

1,100

Overall

50

1,667

907

1,000

US Dollars

Min

Max

Mean

Median

Consulting

723

3,011

2,028

2,065

Industry

90

2,258

1,157

1,235

Finance

361

2,710

1,757

1,987

Overall

90

3,011

1,639

1,807

Geography UK

67%

Continental Europe

14%

Asia

8%

North America

7%

Latin America

2%

Middle East

1%

Africa

1% 100%

12 London Business School

Finance Lehman Brothers Barclays Capital American Express Citigroup Deutsche Bank Credit Suisse Bank of America Barclays Global Investors Goldman Sachs Morgan Stanley Actis Capital UBS Houlihan Lokey Howard & Zukin JP Morgan Merrill Lynch BBVA SEI Investments

11 10 7 7 7 6 5 5 5 5 4 4 3 3 3 2 2

Industry Shell Diageo Eli Lilly BP DHL BAA Plc Discovery Networks Dubai World Trade Centre EMAP Expedia Johnson & Johnson Medtronic Skype Sony Pictures Television International Virgin Unite Water Industry Commission of Scotland

6 4 4 3 3 2 2 2 2 2 2 2 2 2 2 2

Management McKinsey & Company London Business School Summer Consulting Accenture Booz Allen Hamilton AT Kearney LEK Consulting Bain & Company Deloitte Marakon Associates OC & C Boston Consulting Group Valuentis

7 6 5 4 3 3 2 2 2 2 2 2

London Business School Regent’s Park London NW1 4SA United Kingdom Tel +44 (0)20 7262 5050 Fax +44 (0)20 7724 7875 Email [email protected] www.london.edu A Graduate School of the University of London