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1 INSEAD MBA Graduates 2012 INSEAD Europe Campus Boulevard de Constance 77305 Fontainebleau, France Tel: +33 (0)1 6072 4000 Fax: +33 (0)1 6074 5500 INSEAD Asia Campus 1 Ayer Rajah Avenue Singapore 138676 Tel: +65 6799 5388 Fax: +65 6799 5399 INSEAD Abu Dhabi Campus 4th Street - Muroor Road P.O. Box 48049 Abu Dhabi, United Arab Emirates Tel: +971 2 651 5200 Fax: +971 2 443 9461 www.insead.edu 1 INSEAD MBA Graduates 2012 INSEAD MBA Graduates 2012 MBA Graduates 2012 2012 Employment Statistics A World of Talent INSEAD MBA Graduates 2012 2 INSEAD Fontainebleau INSEAD3 Singapore INSEAD MBA Graduates 2012 Contents From the Director 02 Overall Trends of 2012 03 A World of Talent 04 Profile of 2012 INSEAD MBA graduates 06 Full-time jobs and compensation trends 08 • Job locations 10 • Career changes 12 • Compensation trends by region and country 14 • Corporate Sectors 16 • Consulting 22 • Finance 26 Employers of 2012 INSEAD MBA graduates 30 • Top Employers 30 • The INSEAD Partnership 31 • 2012 Recruiting Companies 32 Summer internships and compensation trends 36 • Companies which hired summer interns in 2012 40 A wide choice of recruiting methods 42 List of countries per region 46 INSEAD MBA Graduates 2012 01 From the Director A year of change and development 94% of our 2012 graduates reported employment within 3 months In true INSEAD tradition, the graduates our important mission to empower our of 2012 were extraordinarily diverse. students to develop lifelong career Among them 83 nationalities were strategies as well as our emphasis on represented and roughly one-third developing meaningful relationships were women. With an average age of 29 with organizations recruiting our talent. and 5.6 years’ experience, they joined the school from a very wide variety of We are proud to present the statistics industries and functions. contained in this report that once again reflect the success of our graduating Yet what interests us most – as career class. Three months after graduation, we professionals at The Business School received an impressive 93% response for the World © – is the diversity of their rate to our survey and 94% of these destinations. Our 2012 graduates left respondents reported receiving at INSEAD to work in 63 countries and least one offer. I would like to take this 422 companies – reflecting the world opportunity to thank these students – economy in their job choices. and, of course, all the recruiters and alumni who have helped to make 2012 Impressively, 85% of our 2012 graduates another great year for INSEAD careers. also reported changing geography, function or industry – and 24% bravely changed all three dimensions. We at INSEAD have also made an exciting change as we move into the future as the INSEAD Career Development Centre. This evolution Mary Carey from Career Services better reflects Global Director Career Development Centre 02 INSEAD MBA Graduates 2012 Overall trends of 2012 Reflecting global market trends, Geographically, the most notable trend 2012 saw a dramatic drop in finance was a fall in numbers recruited to recruitment with 14% of graduates Western Europe. Meanwhile, recruitment joining this sector (down from 23% in to Asia Pacific was up across a wide 2011) – the lowest we have recorded. range of countries. Africa and the Middle East also saw increases, particularly in The good news is that consulting the UAE and Lebanon. and industry picked up the slack – particularly with finance roles in the Remuneration levels were up slightly corporate sector. Overall, 45% of in 2012. Mean and median salaries graduates reported jobs in the corporate increased a small amount across all sectors, while 41% joined consulting sectors, while sign-on bonuses were firms. There were big increases in the down a bit. As usual, the range of starting number of graduates taking jobs in salaries was huge – from €17,200 to energy, the public sector and social €199,200 – reflecting, once again, the impact organizations, while numbers in diversity of INSEAD graduates’ career consumer and luxury goods as well as destinations. high-tech industries remaining stable. Graduates joining the corporate sectors rose to 45% INSEAD MBA Graduates 2012 03 A World of Talent A first-class business school We attract some of the most talented and ambitious young professionals in the world. Drawn to the school by our world-class faculty and unparalleled international alumni network, they leave INSEAD to create value and growth in companies around the globe. • Average GMAT score (2012): 703 One school, two campuses • Major international rankings: regularly and two intakes ranked in the top ten business The MBA programme runs in parallel on schools worldwide since 2000; number two campuses in Europe (Fontainebleau, 2 in Bloomberg Businessweek’s 2012 France) and Asia (Singapore). Two ranking of international business classes of approximately 500 participants schools (non-U.S. schools), number graduate every year: in July and 2 in Forbes’ ranking of one-year MBA December respectively. This gives programmes outside the U.S. in 2011 employers the opportunity to recruit and number 6 in the Financial Times’ twice during the year. Global MBA ranking in 2013. The most international business school • The alumni network includes If you are a recruiter looking for Chairmen, CEOs and other senior executives who are comfortable working level directors at a large number of across national and linguistic borders, global companies including LVMH, both sensitive to other cultures and L’Oréal, Power Corporation of proficient in local business practices, Canada, Roche Holding Ltd, Danfoss, then it is only natural to partner Statoil, Heineken, AON, Deutsche with INSEAD. Our uniquely diverse Bank, Goldman Sachs, BASF, environment attracts young professionals Sanofi-Aventis, McKinsey & Company, with a solid international experience. Rio Tinto, Siemens, Prudential Plc, They then learn from each other’s Lloyds Banking Group, Groupe differences and similarities, as well as Galeries Lafayette, L’Occitane from our global curriculum and faculty, International. before moving on to pursue careers throughout the world. 04 INSEAD MBA Graduates 2012 An intensive preparation for a successful career >70% INSEAD graduates do not just offer of participants transfer recruiters the latest business insights. They bring stamina, teamwork, between campuses entrepreneurialism, organizational skills during the year and effectiveness in the face of pressure to the companies they join. At INSEAD we develop the capacity to master a large The top five amount of material in a short period of time. In this high-pressure environment, nationalities make up we foster collaborative skills through group work in diverse teams. <39% • The one-year programme provides of total in-depth knowledge of conceptual participants models and analytical tools in Accounting, Entrepreneurship, Economics, Finance, Marketing, The top five Organizational Behaviour and Strategy. destinations make up Dual-Degree Programme between INSEAD and the John Hopkins University <44% Paul H. Nitze School of Advanced International Studies (SAIS) of total The INSEAD-SAIS Dual-Degree destinations Programme, launched in 2011, prepares students for careers that combine international relations and business Participants speak administration. Students admitted to both programmes are able to complete the two degrees in two and a half years, 3+ instead of three years required to complete the degrees separately, by languages spending one and a half years at SAIS on graduation and one year at INSEAD. INSEAD MBA Graduates 2012 05 Profile of 2012 INSEAD MBA graduates Average Total number of Average Age Work Experience MBA graduates 29 Years 997 5 – 6 Years Gender Age Work Experience Female 31% < 26 years 5% 1 – 2 years 6% Male 69% > 31 years 13% 3 – 5 years 33% 29 – 31 years 39% 5 – 7 years 38% 26 - 28 years 43% > 7 years 23% Nationality Education Africa / Near / Middle East 11% Business / Administration 28% Asia Pacific 30% Economics 14% Central / Eastern Europe 8% Engineering 29% Latin America 5% Humanities & Arts 6% North America 14% Law / Political Sciences 8% Northern Europe 2% Sciences 3% Southern Europe 10% Other 2% Western Europe 20% 06 INSEAD MBA Graduates 2012 INSEAD MBA Graduates 2012 07 Full-time jobs and compensation trends Of the 997 participants in the two classes How did they find their job? which completed the INSEAD MBA programme in July and December 2012, INSEAD facilitated activities # % 929 (93%) responded to the Career Career Development Centre / Development Centre survey and 20 Alumni network 379 48% reported not having started their job Summer job 42 5% search. Graduate facilitated activities Pre-INSEAD employer 177 22% Of these 909 graduates actively looking Own contacts 154 20% for a job, 855 (94%) reported having Creating own company 41 5% received at least one job offer 3 months Total 793 100% after graduation, 793 (87%) gave us details of their career decision and 597 (66%) reported full salary information, on which the salaries section of the following report is based. Sectors: 2012 Consulting 41% Finance 14% Corporate Sectors 45% Sectors: comparison over 5 years 2012 41% 14% 45% 2011 39% 23% 38% 2010 44% 20% 36% 2009 39% 17% 44% 2008 42% 18% 40% Consulting Finance Corporate Sectors 08 INSEAD MBA Graduates 2012 2012 jobs by sector group Consulting 41% Finance 14% Consumer / Luxury Goods 10% High-Tech / 8% Telecommunications Energy / Petroleum 6% Manufacturing 5% Healthcare 3% Primary Industries 3% Public Sector / Social Impact 3% Media / Entertainment 2% Advertising / Publishing 1% Construction 1% Corporate Services 1% Transportation 1% Travel / Leisure Services 1% 2012 jobs by function Consulting 44% Finance 14% General Management 11% Corporate Planning / 9% Business Development Marketing / Sales 9% Other* 6% Production / 3% Operations Management Rotational Programmes 2% Technology Management 2% *includes: Accounting & Control, Communications/PR, Engineering, Human Resource Management, Legal, Logistics & Purchasing, Medical, Project Management, Research & Development, and a further 2% who did not provide a category.