MBA Employment Statistics 2016 A World of Talent Financial Times #1 Global MBA programme Contents Introduction 02 A World of Talent 04 Profile of 2016 INSEAD MBA Graduates 07 Employment and CompensationTrends 08 • Job Locations 10 • Career Changes 12 • Compensation Trends by Region and Country 14 • Management Consulting 16 • Financial Services 19 • Technology, Media & Telecommunications (TMT) 22 • Corporate Sectors (excluding TMT) 26 • Entrepreneurship 31 Summer Internships and Compensation Trends 32 • Monthly Base Salaries 33 Employers of 2016 INSEAD MBA graduates 35 • Top Employers 35 • The Corporate Associate Programme 35 • Prominent INSEAD Alumni 36 Working with The Career Development Centre 37 List of Recruiting Organisations 41 List of Countries Per Region 50 89% of our December 2015 and July 2016 graduates had secured employment within 3 months of graduation, a remarkable achievement given the intensive nature of our 10-month global MBA programme and the macro-economic uncertainty in some of our traditional sectors and geographies. This year, our students chose exciting roles with more than 300 different employers in 68 countries, which represents by far the most global and diverse reach of any top MBA programme. This is made possible thanks to strong employer relations with Introduction nearly 600 companies and an alumni network of more than 52,000 in more than 89% of our 2016 170 countries. In terms of career change, graduates reported nearly 80% of the class changed one employment dimension of sector, function or country, 3 months after with 27% of the class making simultaneous graduation changes in all 3 dimensions. 2016 was a very good year for the INSEAD 46% of the class joined the management MBA, starting with the programme taking consulting sector, up from 43% last year. the #1 slot in the Financial Times global Among those joining management MBA ranking. This accolade added to our consultancy, 34% of them were returning #1 position in the Forbes ranking as the to their former employers. Corporate programme with the highest return on sector hiring has stabilised at 21% of the investment anywhere in the world and to class, with increases in the healthcare, the success of our students and alumni in manufacturing and retail / consumer / luxury securing the #1 global employment rates with sectors, a welcome growth to cushion the the world’s most attractive MBA recruiters. downward trend in hiring within the energy 2 sector. INSEAD’s MBA graduates continue been a great success, with a take-up rate of to be attracted to the technology / media / 97% and very positive feedback from students. telecommunications (“TMT”) and financial Building even more global relationships with services sectors, which accounted for 19% MBA recruiters, the team now has an active and 14% of the class. Similar to previous recruiting relationship with 560 companies, years, 6% of our MBA graduates became resulting in over 6,200 job opportunities for entrepreneurs post-graduation. our 1,000 MBA students. Looking at remuneration, the average base All these achievements would not have salary was US$103,700 which was a US$2,000 been possible without the support of our (1.9%) decrease over last year. This was global network of recruiters and alumni, driven purely by changes in exchange rates, who continue to advise and hire our MBA which saw local currencies depreciate by talent. I would like to take this opportunity 3.6% against the US$ in 2016. Removing to thank them for their support and currency effects, average base salaries confidence. Together, we will continue to actually increased by 1.7%. Median sign- build INSEAD’s reputation as the Business on and performance bonuses remained in School for the World. line with previous years’, at US$22,800 and US$22,300 respectively. At the highest level of leadership, INSEAD alumni continue to perform very highly, as reaffirmed by the Financial Times, Graham Hastie (INSEAD MBA‘95J) which ranked us #2 in terms of the number Interim Global Director, of CEOs amongst FT500 companies, with 8 Career Development Centre INSEAD MBA alumni in these roles. Associate Dean, Degree Programmes 2016 was a significant year for the INSEAD careers team, which is made up of 40 professionals on 3 continents. For the first time, we have offered a personal career coach to every MBA student. This initiative has 3 A World of Talent Leadership positions in major Our campuses in Europe, Asia and the Middle East international rankings provide graduates with a global perspective Financial Times #1 in the Global MBA Programme 703 ranking in 2016 average GMAT Score (2016) % Forbes 70 #1 Highest return on investment of any MBA Programme in of participants transfer the world in 2015 between campuses during the year % Bloomberg 39 Business Week of total participants make up the top five nationalities #2 in the International Full Time MBA ranking in 2016 1. Indian 2. American 3. Chinese 44% QS World’s Top 200 Business Schools of total destinations make up the top five job destinations #1 according to employers in Asia and Europe 1. United Kingdom 2. Singapore 3. United States FT 500 CEOs 3 minimum #2 8 FT 500 CEOs are INSEAD Alumni languages our MBA students speak on graduation 4 Carolyn Fairbairn MBA’88J Director-General, Confederation of British Industry Arthur Sadoun MBA’98D CEO, Publicis Worldwide Profile of 2016 INSEAD MBA Graduates Total MBA Average Average Work Graduates 999 Age 29 Years Experience 5.5 Years 30Gender +70x 5Age +4113+x 11Work Experience +383318+x Female 30% < 26 years 5% 1 – 2 years 11% Male 70% 26 – 28 years 41% 3 – 5 years 38% 29 – 31 years 41% 6 – 7 years 33% > 31 years 13% > 7 years 18% 33Nationality +3012854x 34Education +271197516x 27Pre-MBA Sector +23109764321x Asia Pacific 33% Business / 34% Management Consulting 27% Northern / Southern / 30% Administration Financial Services 23% 27% Western Europe Engineering TMT * 10% 12% 11% North America Economics Retail, Consumer and 9% Central / Eastern 8% Sciences 9% Luxury Goods Europe Law / Political Sciences 7% Manufacturing / 7% 8% Latin America Humanities & Arts 5% Conglomerates / 5% Construction Middle East Media & 1% Africa 4% Communication Energy 6% Other 6% Public Sector / 6% Social Impact Healthcare 4% Corporate Services 3% Primary Industries 2% Transportation 2% Travel / Leisure Services 1% * TMT includes: Advertising & Publishing, E-Commerce, Information Technology / Telecommunications, Media & Entertainment 7 Employment and Compensation Trends 999 975 17 958 Participants in the two 98% responded Reported not Graduates actively classes completed the to the Employment having started their looking for a job INSEAD MBA programme Statistics survey job search in Dec 2015 and Jul 2016 89% 84% 72% 854 reported having 805 gave us details of 691 reported full salary received at least one their career decision information job offer 3 months after their graduation date How did they find their job? # % Career Development Centre / Alumni network 428 53% Pre-INSEAD employer 169 21% Own contacts 91 11% Summer job * 67 9% Creating own company 50 6% Total 805 100% * Summer job only open to the December class Social Impact Students pursued summer internships and full-time roles in the ~40 Social Impact field across all sectors. Note: MBA students can benefit from the INSEAD Social Stipend and Loan Forgiveness Award programmes if they accept employment with an organisation registered as a not-for-profit organisation, NGO, public sector organisation, for-profit social venture, or social investment firm. 8 2016 Jobs by Sector Group Management Consulting 46% Financial Services 14% Technology, Media & Telecommunications E-Commerce / Internet 10% Information Technology / Telecommunications 7% Media / Entertainment / Advertising 2% Corporate Sectors Retail / Consumer & Luxury Goods 6% Manufacturing / Conglomerates 5% Healthcare 4% Education 1% Energy 1% Public Sector / Social Impact 1% Transportation / Logistics 1% Travel & Hospitality 1% 44+1397354211+x Corporate Services 0.5% Primary Industries 0.5% 2016 Jobs by Function Consulting 48% Finance 12% General Management 11% Leadership Development Programmes 10% Corporate Planning / Business Development 8% Marketing / Sales 5% Project Management 2% * Includes: Administrative, Advertising, Production / Operations Management 2% Communication / PR, Customer Service, 48 Engineering, Human Resource Management, +1211108522+x Other * 2% Legal, Logistics / Purchasing, Medical / Healthcare, Specialised Services, Technology Management 9 Job Locations 68 countries of employment post-graduation Western / Northern Europe 36% Central / Eastern Europe North America 3% 8% Asia Pacific Africa / Middle East 29% Latin America 10% 7% Southern Europe 7% No single country accounted for more than 14% of jobs Lucy Quist MBA’05J Managing Director (CEO), Airtel Ghana Career Changes An Appetite for Change Changes of Business Sector Before INSEAD % Former Management Consultants 78 9% 12% changed sector and/or country and/or function 12% 67% % 67+129x 27 Former Financial Services Professionals changed all 3 dimensions 34% 33% 48% 19% 14% changed country 34+141933x Former TMT * Professionals 7% 35% % 52 46% 12% changed sector 35+12467x Former Corporate Sectors Professionals 6% % 16% 63 38% changed function 40% After INSEAD38+40166x Management Consulting TMT * Corporate Sectors Financial Services * TMT stands for Technology, Media & Telecommunications 12 Region or Country Changes Nationalities: who stays home and who goes abroad * Total: 805 Regions # Home