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1 MBA Graduates 2014

2014 Employment Statistics A World of Talent

2 3 Contents

From the Director 02 A World of Talent 04 Profile of 2014 INSEAD MBA Graduates 07

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 • Financial Services 26

Employers of 2014 INSEAD MBA graduates 30 • Top Employers 30 • The Corporate Associate Programme 31 • 2014 Recruiting Companies 32

Summer Internships / Projects and Compensation Trends 36 • Monthly Base Salaries 38 • 2014 Internship Employers 40

Recruiting at INSEAD 42 List of Countries Per Region 46 `

From the Director Putting Careers at the heart of the MBA Experience

he year of 2014 was another great one Language requirements are becoming much for INSEAD MBA students, with 90% tougher, especially in the Asian markets and Tsecuring employment within 3 months governments around the world are putting up of graduation. This is a quite remarkable figure increasing barriers to immigration, even of for our uniquely global programme, which at highly-qualified and experienced executives. just 10 or 12 months is half the length of its INSEAD is uniquely placed to respond to these world-class peers. It is even more remarkable challenges with 50,000 alumni, to be found when you consider that just 8% of the class in 173 countries around the world. Of course, were fully-sponsored, that 81% of the class employers are free to access this unique talent changed one of the 3 main career dimensions pool, alongside our executive and full-time (sector, function or country) that our students MBA students, through our CareerGlobe found jobs with 333 different employers in recruitment portal. 61 different countries and that no more than 17% of the class found employment in any On the subject of alumni, they continue to be one country. All of us here at the Career very successful as well, with 9 of them holding Development Centre are truly proud of CEO positions in FT 500 companies, second only this great class. to Harvard Business School. Not only do they lead large multi-nationals, they also generate Our own experience and several recent wealth and employment by founding and leading studies show that, while the job market increasing numbers of entrepreneurial start- for top-tier MBA talent is booming around ups and small or medium-sized companies. the world, it is not without its challenges.

02 `

90% of our 2014 graduates reported employment within 3 months.This is a quite remarkable figure for our uniquely global programme, which at just 10 or 12 months is half the length of its world-class peers.

The year of 2014 saw an increase in As well as increasing our global outreach recruitment to the management consulting we will, for the first time, be able to sector which attracted 41% of the class, up allocate every student a personal career from 34% in 2013. Around half of this rise advisor to support them through their is due to more students choosing to return whole career journey all the way from to their former employers with the rest admissions until they land their first job. coming from welcome growth in new hiring. But the big news is that TMT firms in I am also proud to announce the recruitment their various forms have now overtaken of two new directors of the INSEAD Career financial services, accounting for 19% of the Development Centre. They will be starting graduating class and offering some of the work in August 2015 and in true INSEAD most attractive positions and highest salaries. style have both made the triple switch of sector, function and country - INSEAD It has been a year of significant change remains the Business School for the World! within the careers team at INSEAD, with the department being restructured to focus on the 3 key areas of marketing, developing and connecting talent. Our Dean has recognised the importance of careers alongside curriculum at the heart of our world-class MBA programme and has demonstrated this support by allocating Graham Hastie (INSEAD MBA 95J) Interim Global Director, significant funds to the careers team, allowing INSEAD Career Development Centre us to make many new hires. Assistant Dean, Degree Programmes

03 A World of Talent

One School, Two Intakes and An Intensive Preparation For Three Campuses A Successful Career The MBA programme runs in parallel in Europe INSEAD graduates do not just offer recruiters (Fontainebleau, France) and Asia (Singapore) the latest business insights. They bring with networking and career forums also stamina, teamwork, entrepreneurialism, taking place in the Middle East. Two classes organisational skills and effectiveness in the of approximately 500 participants graduate face of pressure to the companies they join. every year: in July and December respectively. At INSEAD we develop the capacity to master This gives employers the opportunity to a large amount of material in a short period of recruit twice during the year. time. In this high-pressure environment, we foster collaborative skills through group work in The Most International Business School diverse teams. If you are a recruiter looking for executives who are comfortable working across national • The one-year programme provides and linguistic borders, both sensitive to other in-depth knowledge of conceptual models cultures and proficient in local business and analytical tools in Accounting, practices, then it is only natural to partner Entrepreneurship, Economics, Finance, with INSEAD. Our uniquely diverse environment Marketing, Organisational Behaviour attracts experienced professionals with a solid and Strategy. international experience. They then learn A First-Class Business School from each other’s differences and similarities, We attract some of the most talented and as well as from our global curriculum and ambitious young professionals in the world. faculty, before moving on to pursue careers Drawn to the school by our world-class faculty throughout the world. and unparalleled international alumni network,

they leave INSEAD to create value and growth in

companies across the globe.

• The alumni network includes Chairmen, CEOs and other senior level directors at a large number of global companies including LVMH, L’Oréal, Power Corporation of Canada, Roche Holding Ltd, Danfoss, Statoil, Heineken, AON, Deutsche Bank, Goldman Sachs, BASF, Sanofi-Aventis, McKinsey & Company, Rio Tinto, Siemens, Prudential Plc, , Groupe Galeries Lafayette, L’Occitane International.

04 Major International Our campuses in Europe, Asia and Rankings Middle East provide graduates with a global perspective

NO.

QS World’s Top 200 Schools in 2014 Average GMAT Score (2014) according to Employers and Academics in Asia

NO.

QS World’s Top 200 Schools in 2014 Of participants transfer according to Employers between campuses at and Academics in Europe least once during the year

NO.

QS World University Rankings by Nationalities in the class (2014) Subject - Business & Management Studies in 2015

NO.

Financial Times’ Global MBA Countries of employment Programme Ranking in 2015 post-graduation (joint with Stanford)

NO. minimum

Bloomberg Businessweek International Languages participants Business Schools (Non- US) in 2014 speak on graduation 06 Profile of 2014 INSEAD MBA Graduates

Total MBA Average Average Work graduates 1011 Age 29 Years Experience 6 Years

Gender Age Work Experience

Female 32% < 26 years 6% 1 – 2 years 8% Male 68% 26 - 28 years 42% 3 – 5 years 31% 29 – 31 years 37% 6 – 7 years 37% > 31 years 15% > 7 years 24%

Nationality Education Africa 3% Business / Administration 30% Asia Pacific 30% Engineering 27% Central / Eastern Europe 11% Economics 14% Latin America 5% Sciences 11% Middle East 5% Law / Political Sciences 7% North America 16% Humanities & Arts 5% Northern / Southern Europe 30% Media & Communication 1% Other 5%

07 Full-time Jobs and Compensation Trends

Of the 1011 participants in the two classes that How did they find their job? completed the INSEAD MBA programme in # % July and December 2014*, 988 (a record 98%) Career Development Centre / 435 53% responded to the Career Development Centre Alumni network survey, including 11 who reported not having Pre-INSEAD employer 182 22% started their job search. Own contacts 97 12% Summer job* 61 7% Of the 977 graduates actively looking for a job, Creating own company 50 6% 877 (90%) reported having received at least one Total 825 100% job offer 3 months after their graduation date * Summer job only open to one class and 825 (84%) gave us details of their career decision. Of these 825 graduates who had accepted jobs, 675 (82%) reported full salary information, on which the salaries section of the following report is based.

* See Page 48

Sectors: 2014

Consulting 41% Financial Services 17% Corporate Sectors 42%

Sectors: Comparison over 5 years

2014 41% 17% 42%

2013 34% 17% 49%

2012 41% 14% 45%

2011 39% 23% 38%

2010 44% 20% 36%

Consulting Financial Services Corporate Sectors

08 2014 Jobs by Sector Group

Consulting 41% Financial Services 17% Corporate Sectors* E-Commerce / Internet 11% Information Technology / 6% Telecommunications Retail / Consumer 6% & Luxury Goods** Manufacturing / Conglomerates 5% Public Sector / Social Impact 4% Energy 3% Healthcare 2%

* See page 17 for details of sub-Sectors Media / Entertainment / 2% ** Decrease in Retail/Consumer & Luxury Goods Advertising largely due to realignment of some companies to Corporate Services 1% E-Commerce sector, in line with LinkedIn sectorisation Primary Industries 1% Transportation / Logistics 0.5% Travel / Leisure Services 0.5%

2014 Jobs by Function

Consulting 43% Finance 16% General Management 11% Corporate Planning / 8% Business Development Marketing / Sales 8% Leadership Development Programs 8% Other* 3% Production / Operations Management 2% Technology Management 1%

* includes: Art/Creative, Fundraising, Human Resource Management, Legal, Logistics & Purchasing, Medical, Project Management, Research & Development, Specialised Services, Writing/Editing

Disclaimer: The information included in this report was provided by both MBA graduates and recruiters and has not been independently verified. INSEAD Career Development Centre gives no guarantee as to its accuracy.

09 Job Locations

INSEAD continues to be the Business School for the World in all senses. In a class consisting of 90 nationalities, no single country accounted for Country more than 17% of jobs accepted. Africa / Near / Middle East 9% The regional distribution of our graduates’ jobs Asia Pacific 27% remains very similar to last year. Recruitment Central / Eastern Europe 5% to the Middle East continues to be strong, Latin America 4% North America 11% thanks in part to our annual Middle East Northern Europe 2% career forum. In 2014 we welcomed 38 Southern Europe 5% companies and 150 students and alumni to Western Europe 37% Dubai for this one-day event.

10 Within the various regions, individual countries While continuing to develop and deepen that have attracted more graduates this year relationships in Europe and Asia, our future include Turkey, Poland, Mexico and China. geographical priorities include developing Singapore continues to be the most favoured opportunities in the USA, where we saw destination in Asia Pacific. significant student demand in 2014.

Overall, the UK remains the most popular We would also like to build on the many country. Nearly 140 of our 2014 graduates attractive opportunities that are already accepted jobs there, across sectors, with a available to our graduates in the Middle East third in financial services. This fact reflects and Africa. both the continued dominance of the UK financial sector within Europe and the strengthening of the British economy.

11 Career Changes

Sector Choice

Before INSEAD

Former Consultants 11%

25%

64%

As usual, 2014 was a year of big career changes for many of our graduates. Some 81% of the class moved to a new sector, country or job Former Financial Professionals function, while 21% rose to the challenge of change across all three dimensions. 24% 43% In the longer term, the biggest career-change trend that we see among our alumni is a move to start their own company some years after graduating. Indeed some 6% of the class of 33% 2014 started their own companies immediately on leaving INSEAD and we see more and more students choosing to go work for a start-up or SME as a stepping stone to start their Former Corporate Sectors Professionals entrepreneurial journey. 6%

An appetite for change 36% 58%*

81% 666 changed sector or country or function 21% 172 changed all 3 dimensions 51% 423 changed country 42% 347 changed sector After INSEAD 64% 529 changed function Financial Services Corporate Sectors Consulting

* Of 219 participants who remained in corporate sectors, 24% (52) stayed in the same industry sub-sector, while 76% (167) opted for a change.

12 Region or country changes

Nationalities: who stays home and who goes abroad (1) Total: 825 Regions # Home Abroad North America 121 38% 62%

Southern Europe 81 44% 56%

Central / Eastern Europe 79 52% 48%

Latin America 42 61% 39%

Africa / Near / Middle East 54 63% 37%

Asia Pacific 247 63% 37%

Northern Europe 22 68% 32%

Western Europe 179 79% 21%

Within selected nationalities* Nationalities # Home Abroad Indian 96 16% 84% French 59 31% 69% Canadian 41 32% 68% Italian 25 32% 68% Lebanese 17 35% 65% American 80 36% 64% Korean 11 45% 55% Portuguese 24 46% 54% Australian 23 48% 52%

Chinese 41 49% 51%

Turkish 10 50% 50%

Spanish 18 56% 44%

Russian 31 61% 39%

Dutch 28 64% 36%

British 39 69% 31%

Polish 10 70% 30%

German 31 71% 29%

Brazilian 19 79% 21% * includes nationalities with more than 10 participants Singaporean 27 81% 19% (1) For the list of countries per region, please refer to pages 46, 47 and 48 Norwegian 11 82% 18%

13 Compensation Trends by Region and Country

In 2014, the regions offering the highest salaries were North America and Northern Europe and the lowest in Southern Europe. However the regional variation – apart from in Southern Europe, where salaries seem substantially lower – is minimal.

The lowest salary reported (€25,300) and the highest (€168,000) were both in Western Europe, suggesting that sector, job function and company size are a stronger indicator of In 2014, it was very heartening to see global compensation levels than region. mean and median salaries rise – after a small fall the previous year. There was also an increase in the number of graduates receiving sign-on bonuses – and a significant rise in the median amount from €16,200 to €19,400.

Overall Annual Overall Annual Overall Median Mean Salary Median Salary Sign-on bonus* €88,600 €89,400 €19,400

*63% of salaries overall reported with sign-on bonus

By Region*

# Range € Mean € Median € Sign-on Median €** Bonus (%) Sign on Africa / Near / Middle East 60 27,000 – 163,200 87,600 89,400 63% 21,100 Asia Pacific 161 28,000 – 164,800 82,900 85,500 59% 15,300 Central / Eastern Europe 27 47,600 – 140,000 88,000 92,000 67% 20,000 Latin America 25 39,000 – 160,000 82,700 79,100 68% 15,600 North America 72 33,500 – 132,100 95,400 97,800 75% 19,400 Northern Europe 19 62,000 – 120,600 97,200 98,400 68% 25,400 Southern Europe 35 47,600 – 102,800 72,100 71,000 63% 20,000 Western Europe 276 25,300 – 168,000 92,300 92,200 62% 20,000 Total 675

* where at least 5 salaries were reported ** where at least 5 sign-on bonuses were reported

14 By country in local currency*

# Range Mean € Median € Sign-on Median € Bonus (%) Sign-on** Australia (AUS$) 14 115,000 – 225,000 152,700 148,250 64% 20,000 Belgium (€) 11 56,500 – 120,000 81,700 80,000 55% 15,500 Brazil (Real) 19 160,000 – 355,000 241,700 230,000 79% 85,000 Canada (CAD$) 13 48,000 – 166,850 128,300 140,000 54% 25,000 China (Renminbi) 27 360,000 – 898,000 636,300 645,700 64% 150,000 France (€) 26 50,000 - 100,000 81,500 80,000 50% 17,000 Germany (€) 43 30,000 - 120,000 91,500 95,000 47% 17,500 Hong Kong (HK$) 10 300,000 – 1,562,000 902,900 932,500 50% 310,000 India (Rupee) 9 2,200,400 – 7,650,600 3,995,600 2,985,600 30% - Indonesia (IDR) 5 303,100,000 – 1,221,800,000 801,900,000 852,000,000 60% - Italy (€) 8 70,000 – 100,000 77,100 73,900 75% 17,500 Japan (Yen) 8 6,000,000 – 14,084,500 10,229,600 9,876,300 62% 2,000,000 Korea (Won) 11 66,625,700 – 166,564,300 117,276,000 122,147,100 73% 44,417,100 Lebanon (LBP) 5 54,000,000 – 202,100,000 135,478,900 118,149,600 60% - Malaysia (MYR) 7 180,000 – 432,000 301,100 323,300 86% 65,100 Norway (Krone) 12 592,000 – 1,016,500 846,900 835,000 67% 213,000 Poland (Zloty) 5 200,000 – 390,000 309,600 319,100 40% - Portugal (€) 11 47,600 – 72,000 65,000 65,000 55% 17,500 Russia (Rouble) 17 3,850,000 – 7,407,400 5,102,600 4,947,100 82% 1,190,500 Singapore (SG$) 65 61,100 – 270,000 142,300 145,000 57% 22,650 South Africa (Rand) 7 775,000 – 1,650,000 999,300 950,000 71% 280,000 Spain (€) 13 50,000 – 102,800 78,400 78,000 62% 20,000 Switzerland (SFr) 25 100,000 – 155,000 134,300 135,000 68% 24,000 The Netherlands (€) 21 67,000 - 110,000 88,900 89,000 43% 15,000 UAE (Dirham) 35 330,600 - 587, 750 471,900 477,500 71% 91,800 United Kingdom (£) 126 20,000 - 135,000 75,800 75,000 67% 18,750 USA (US$) 59 75,000 - 170,000 124,400 128,000 80% 25,000 Total 612

How salaries have evolved: Comparison over 5 years in local currency (median salary)

2014 2013 2012 2011 2010 Brazil (Real) 230,000 230,000 227,000 220,300 220,600 France (€) 80,000 82,800 85,000 85,000 80,000 Germany (€) 95,000 96,000 90,600 95,000 90,000 Singapore (SG$) 145,000 120,000 135,000 142,000 147,500 Switzerland (SFr) 135,000 126,000 136,000 135,000 132,800 United Kingdom (£) 75,000 73,000 74,000 73,000 70,000 USA (US$) 128,000 130,000 122,000 125,000 125,000

* See page 48 for exchange rates 15 Corporate Sectors

joining the corporate sectors. Hence our new twice-yearly entrepreneurship career forums, which each brought around 40 start-ups and SMEs to campus to meet 200+ students in 2014. In fact, three SMEs now figure in our annual top-recruiter list. This reflects both the needs of small companies to hire talent with business acumen to grow and expand internationally, and the entrepreneurial ambitions of our students. The combined corporate sectors remain the Finally – also following a trend of recent years – most popular career destination for INSEAD in 2014 we noted a slight increase in graduates, although recruitment fell from Public Sector / Social Impact recruiting, a record high of 49% of the class in 2013 particularly to the education sector. to 42% in 2014. *The significant increase on last year’s We continued to see strong growth in the percentage is due partly to a redefinition tech area – especially e-commerce and the of sectors (in line with LinkedIn categories), internet*. Indeed, the term “GAFA” (Google, which decoupled E-commerce from Retail Amazon, Facebook and Apple) has entered the and assigned it to the Internet. The drop in student lexicon alongside “MBB” (McKinsey, recruitment to Retail / Consumer & Luxury Bain and BCG) – with Amazon and Google Goods is also partially caused by both in our top-ten recruiters for 2014 and this reallocation. Apple in the top twenty. Indeed, IT, telecoms, e-commerce, internet and media now account for 19% of the total class – more than the entire financial services sector. Unsurprisingly perhaps, tech salaries are higher than in How did they find their job? many other fields. # % In 2014, there was growth too in recruitment to Career Development Centre / 205 59% “traditional” rotational management training Alumni network Own contacts 55 16% programmes – many of which are in “non- Creating own company 34 10% traditional” industries, such as e-commerce. Pre-INSEAD employer 36 10% In addition, the trend towards start-ups and Summer job* 16 5% small to medium-sized enterprises (SMEs) Total 346 100% has continued and accounted for 26% of those * Summer job only open to one class

16 All Corporate Sectors

Corporate Services 2% E-Commerce / Internet 27% Energy 8% Healthcare 4% Information Technology / 14% Telecommunications* Manufacturing / Conglomerates** 13% Media / Entertainment / Advertising 5% Primary Industries*** 2% Public Sector / Social Impact 9% Retail / Consumer & Luxury Goods 14% Transportation / Logistics 1% Travel / Leisure Services 1%

* Includes Computer Software, Hardware, Consumer Electronics, Semiconductors ** Includes Automotive, Building Materials, Construction, Electrical/Electronic Manufacturing, Mechanical or Industrial Engineering *** Includes Chemicals, Mining & Metal, Agribusiness, Food & Beverage Production

Top functional Areas

Consulting 6% Corporate Planning / 17% Business Development Finance 6% General Management 20% Logistics Purchasing 2% Marketing / Sales 20% Others 2% Production / Operations Management 4% Project Management 2% Leadership Development Programmes 18% Technology Management 3%

17 Corporate Sectors

By Region Africa / Near / Middle East 7% Asia Pacific 35% Central / Eastern Europe 2% Latin America 3% North America 12% Northern Europe 2% Southern Europe 2% Western Europe 37%

Within Asia Pacific

Australia 5% China 16% India 6% Japan 4% Korea 8% Singapore 49% Other* 12%

* includes countries where fewer than 5 jobs were reported: Hong Kong, Indonesia, Kuwait, Malaysia, Mongolia, Philippines, Sri Lanka,Taiwan and Thailand.

Within Europe

Belgium 6% France 13% Germany 13% Ireland 4% Luxembourg 10% Russia 3% The Netherlands 5% United Kingdom 31% Other* 14%

* includes countries where fewer than 5 jobs were reported: Austria, Azerbaijan, Denmark, Liechtenstein, Lithuania, Norway, Poland, Portugal, Spain, Sweden, Switzerland and Turkey.

18 Company Size 1 - 500 26%

Company Size >10,000 Company Size 1-500 (No. of Employees) (No. of Employees) 1 - 500 26% 201 - 500 32% 501 - 1,000 5.5% 51 - 200 20% 1,001 - 5,000 8.5% 11 - 50 11% 5,001 - 10,000 4% 1-10 37% >10,000 56%

19 Corporate Sector Salaries and Sign-on bonuses by Region and Country

Overall Annual Overall Annual Overall Annual Mean Salary Median Salary Median Sign-on bonus* €81,100 €85,000 €15,600 * 59% of corporate sector salaries were reported with sign-on bonus

By Sector*

# Range € Mean € Median € Sign-on Median Bonus (%) Sign on €** E-Commerce / Internet 79 27,000 – 108,800 78,000 85,000 65% 20,000 Energy 23 47,600 – 116,600 85,500 87,900 57% 12,800 Healthcare 12 63,900 – 97,600 81,900 82,500 75% 12,600 Information Technology 41 47,700 – 107,600 78,400 82,100 76% 15,300 /Telecommunications Manufacturing / Conglomerates 34 46,600 – 160,000 88,500 89,700 65% 15,500 Media / Entertainment / Advertising 13 30,000 – 128,100 91,200 101,000 46% 9,500 Primary Industries 7 65,000 – 139,900 97,400 95,500 57% - Public Sector / Social Impact 20 26,500 – 97,600 69,600 71,600 30% 9,400 Retail / Consumer & Luxury Goods 28 25,300 – 120,000 76,600 79,700 46% 12,600 Travel / Leisure Services 5 28,000 – 147,700 81,400 79,300 20% - Total 262 See page 17 for details of sub-sectors

By Top Function*

# Range € Mean € Median € Sign-on Median Bonus (%) Sign on €** Consulting 18 26,500-116,600 78,800 87,900 83% 8,800 Corporate Planning / 49 28,000-160,000 82,300 85,500 65% 19,700 Business Development Finance 13 50,000-164,800 91,200 80,000 23% - General Management 37 25,300-147,700 77,000 80,000 22% 13,600 Logistics / Purchasing 5 47,700-80,000 65,300 67,100 40% - Marketing / Sales 57 33,500-120,000 76,500 76,300 56% 10,000 Production /Operations Management 11 52,000-97,300 70,100 70,200 36% - Project Management 5 47,600-91,000 73,100 74,000 60% - Leadership Development Programmes 61 63,200-113,400 88,300 87,800 89% 21,500 Technology Management 7 60,000-94,700 81,900 85,500 57% - Total 263

* where at least 5 salaries were reported ** where at least 5 sign-on bonuses were reported

20 By Region*

# Range € Mean € Median € Sign-on Median Bonus (%) Sign on €** Africa / Near / Middle East 16 27,000-116,500 75,500 77,700 19% - Asia Pacific 88 28,000-164,800 78,300 78,500 57% 15,200 Latin America 7 51,700 – 160,000 101,300 89,800 57% - North America 33 33,500-116,600 87,300 85,500 76% 19,400 Northern Europe 5 66,900-119,300 96,300 98,100 60% - Southern Europe 5 47,600-74,000 56,100 52,700 20% - Western Europe 111 25,300-120,000 81,400 85,000 65% 16,000 Total 265

Within Europe*

# Range € Mean € Median € Sign-on Median Bonus (%) Sign on €** France 16 50,000 – 100,000 78,100 80,000 50% 14,500 Germany 17 30,000 – 105,000 83,100 86,000 76% 15,000 Belgium 8 56,500 – 120,000 80,800 75,000 50% - The Netherlands 5 81,000 – 100,000 88,500 84,000 60% - United Kingdom 38 25,300 – 107,400 81,600 92,200 55% 37,900 Total 84

Within Asia Pacific*

# Range € Mean € Median € Sign-on Median Bonus (%) Sign on €** China 18 45,500-105,000 72,800 74,600 61% 15,200 Japan 5 42,600-100,000 73,600 76,300 80% - Singapore 42 43,900-164,800 85,100 84,100 50% 12,800 Total 65

Within North America*

# Range € Mean € Median € Sign-on Median Bonus (%) Sign on €** USA 32 58,300-116,600 89,000 85,500 78% 19,400 Total 32

21 Consulting

How did they find their job?

# % Career Development Centre / 184 54% Alumni network Pre-INSEAD employer 122 35% Summer job* 23 7% Own contacts 6 2% Creating own company 7 2% Total 342 100%

* Summer job only open to 1 class

In 2014, recruitment of INSEAD graduates into consulting rose to 41%, reflecting the appetite for hiring our MBAs and the interest from students. This figure is in line with the traditional levels we have experienced in the past, not counting recruitment in 2013.

We are pleased that INSEAD remains an important talent pool for the major players in the sector (number one on the list of core MBA schools and sometimes the only focus). Our business development efforts also attract smaller companies who are able to find a good By Region match with the diverse INSEAD population. Africa / Near / Middle East 11% In terms of geography, our students continue Asia Pacific 20% to be attracted to the UK market for its Central / Eastern Europe 9% diversity, matching the diversity of our Latin America 4% INSEAD population, and we have also North America 10% noticed a significant increase in the number Northern Europe 3% of students securing jobs in Singapore and in Southern Europe 9% the Middle-East in 2014. Western Europe 34%

22 Within Europe

France 4% Germany 12% Italy 4% Norway 4% Russia 10% Poland 3% Portugal 4% Spain 6% Switzerland 9% The Netherlands 10% United Kingdom 24% Other* 10%

* includes countries where fewer than 5 jobs were reported: Austria, Belgium, Croatia, Czech Republic, Denmark, Hungary, Kazakhstan, Sweden and Turkey.

Within Asia Pacific

Australia 19% China 16% India 8% Indonesia 9% Singapore 32% Other* 16%

* includes countries where fewer than 5 jobs were reported: Hong Kong, Japan, Korea, Malaysia and Thailand.

Within Africa / Near / Middle East South Africa 13% United Arab Emirates 79% Other* 8%

* includes countries where fewer than 5 jobs were reported: Lebanon and Qatar.

23 Consulting Salaries and Sign-On Bonuses by Region and Country

Overall Annual Overall Annual Overall Annual Mean Salary Median Salary Median Sign-on bonus* €94,100 €95,000 €19,400 * 72% of consulting salaries were reported with sign-on bonuses

By Region*

# Range € Mean € Median € Sign-on Median Bonus (%) Sign on €** Africa / Near / Middle East 38 54,700-163,200 97,400 101,000 87% 21,200 Asia Pacific 52 31,750-155,500 88,300 94,200 73% 13,900 Central / Eastern Europe 21 47,600-108,800 87,600 93,000 76% 22,500 Latin America 12 70,300-114,600 82,700 81,300 92% 21,000 North America 30 77,700-132,100 105,800 104,900 83% 19,400 Northern Europe 11 62,000-120,600 98,000 99,600 82% 25,400 Southern Europe 27 55,600-102,800 74,100 75,000 74% 20,000 Western Europe 108 55,000-149,700 99,700 98,500 59% 19,600 Total 299

Within Selected Countries*

# Range € Mean € Median € Sign-on Median Bonus (%) Sign on €** Australia 9 79,500-155,500 105,600 102,300 67% 19,000 Brazil 11 70,300-114,600 82,600 79,100 91% 22,600 Canada 8 81,600-116,600 99,500 97,800 87% 16,100 China 7 75,800-113,500 101,400 105,200 100% 19,000 France 7 80,000-97,500 86,500 85,000 57% - Germany 22 75,600-120,000 99,200 100,000 32% 20,000 Italy 6 70,000-80,000 74,500 73,900 83% 20,000 Norway 7 70,200-120,600 103,900 111,700 86% 25,300 Portugal 8 63,000-71,000 67,500 67,500 62% 15,000 Russia 14 90,000-108,800 95,500 93,750 93% 25,000 Singapore 17 37,300-100,700 87,500 95,200 82% 13,800 South Africa 5 54,700-68,500 60,600 58,200 80% - Spain 11 75,000-102,800 81,400 80,000 73% 20,000 Switzerland 15 111,700-126,600 117,600 115,900 60% 33,100 The Netherlands 16 67,000-110,000 89,000 89,000 37% 17,500 United Arab Emirates 30 77,700-124,400 101,100 101,000 90% 21,400 United Kingdom 44 55,000-149,700 101,100 98,500 80% 18,900 USA 22 77,700-132,100 108,000 104,900 82% 19,400 Total 259 * where at least 5 salaries were reported ** where at least 5 sign-on bonuses were reported 24 25 Financial Services

Following big fluctuations in the post-crisis How did they find their job? years, recruitment into financial services has stabilised at 17% of the class. As usual, there # % Career Development Centre / 46 34% is a healthy distribution of 2014 graduates Alumni network across the various sub-sectors of financial Summer job 35 26% services. However, INSEAD graduates Pre-INSEAD employer 24 18% remain particularly enthusiastic about private Own contacts 22 16% equity and venture capital, which together Creating own company 9 6% accounted for 25% of those joining the finance Total 136 100% sector in 2014. Thanks to INSEAD’s cultural diversity, our students are also attracted By Sub-Sector to finance careers that support growth in emerging markets.

Another trend that we have noted over the last two years is for graduates to join banks and insurance firms as internal consultants. This provides an interesting alternative to joining a consulting firm, especially for those with prior consulting experience. Insurance 5% Geographically, MBA recruitment appears to be Investment Banking / Sales & Trading 33% booming in the UK financial services industry. Investment Management / Hedge Funds 13% Indeed 63% of our 2014 graduates accepting Other Financial Services 18% finance jobs in Europe headed for the UK – Private Equity / Venture Capital 25% mainly London. On the other side of the world, Real Estate 6% we see a similar enthusiasm for that other great dynamic regional finance hub, Hong Kong, By Top Job Title which accounted for 23% of finance recruits in Asia Pacific. Singapore also remains a popular destination for this sector.

Globally, finance salaries rose in 2014 – both the mean and the median were up by about €4,000 on the previous year. This was driven by increased compensation in investment banks, investment management firms and Analyst (Asset Management ) 6% hedge funds – particularly in North America Associate 56% and Western Europe. Manager / Consultant 13% Vice President / Director 12.5% Other 12.5%

26 By Region

Africa / Near / Middle East 6% Asia Pacific 22% Central / Eastern Europe 3% Latin America 7% North America 9% Northern Europe 3% Southern Europe 3% Western Europe 47%

Within Europe Germany 7% Switzerland 9% United Kingdom 63% Other* 21%

* includes countries where fewer than 5 jobs were reported: Czech Republic, France, Georgia, Italy, Kazakhstan, Norway, Portugal, Russia and Turkey.

Within Asia Pacific

Hong Kong 23% Singapore 27% Other* 50%

* includes countries where fewer than 5 jobs were reported: Australia, China, India, Indonesia, Japan, Korea, Kuwait and Malaysia.

27 Financial Services and Sign-on Bonuses by Region and Country

Overall Annual Overall Annual Overall Annual Mean Salary Median Salary Median Sign-on bonus* €91,800 €89,700 €26,500

* 49% of finance salaries were reported with sign-on bonus

By Division*

# Range € Mean € Median € Sign-on Median Bonus (%) Sign on €** Insurance 5 46,800-103,500 82,800 82,800 40% - Investment Banking / 41 62,200-164,200 98,200 99,300 71% 31,600 Sales & Trading Investment Management / 13 34,500-151,600 91,800 93,300 54% 19,400 Hedge Funds Other Financial Services 19 30,300-140,000 83,200 83,600 32% 20,300 Private Equity / Venture Capital 24 39,000-168,000 90,500 87,500 33% 11,000 Real Estate 5 72,000-104,800 86,500 83,900 - - Total 107

28 By Top Job Title*

# Range € Mean € Median € Sign-on Median Bonus (%) Sign on €** Analyst (Asset Managment) 8 57,600-116,600 91,000 90,900 37 - Associate 63 30,300-168,000 93,500 95,200 54 32,200 Manager / Consultant 13 42,700-133,000 88,600 85,900 54 25,300 Vice President / Director 14 34,500-164,200 101,700 98,500 57 15,400 Other 9 46,800-100,000 69,600 70,000 - - Total 107

By Region*

# Range € Mean € Median € Sign-on Median Bonus (%) Sign on €** Africa / Near / Middle East 6 34,500-74,100 57,600 58,700 33% - Asia Pacific 21 30,300-156,400 89,200 88,500 33% 30,800 Latin America 6 39,000-85,000 61,200 62,600 33% - North America 9 70,000-116,600 90,600 93,300 44% - Western Europe 57 57,600-168,000 99,600 99,300 60% 28,100 Total 99

Within Europe*

# Range € Mean € Median € Sign-on Median Bonus (%) Sign on €** Switzerland 6 82,800-128,300 103,500 101,400 83% 16,600 United Kingdom 44 57,600-168,000 101,200 98,500 64% 31,600 Total 50

Within Asia Pacific*

# Range € Mean € Median € Sign-on Median Bonus (%) Sign on €** Hong Kong 5 86,600-156,400 112,700 104,100 40% - Singapore 6 76,300-129,400 96,900 96,400 33% - Total 11

Within North America*

# Range € Mean € Median € Sign-on Median Bonus (%) Sign on €** USA 5 70,700-116,600 95,800 97,200 80% - Total 5

* where at least 5 salaries were reported ** where at least 5 sign-on bonuses were reported

29 Employers of 2014 INSEAD MBA Graduates TOP EMPLOYERS

We would like to highlight those employers who recruited the highest number of INSEAD graduates in 2014 and thank them for their continued support.

2014 Hires

McKinsey & Company 120 (52) EF Education First 5 The Boston Consulting Group 70 (27) PWC 5 (2) Bain & Company 44 (15) Africa Internet Group 4 Amazon 39 Booz Allen Hamilton 4 Accenture 19 (3) Deutsche Bank 4 Strategy& 19 (6) Genpact 4 Microsoft 16 Hilti Corporation 4 A.T. Kearney 15 (4) HSBC 4 Google 13 Johnson & Johnson 4 Apttus 11 Roland Berger Strategy Consultants 4 (2) Uber 11 Siemens 4 (1) BP 9 (1) EY (Ernst & Young) 3 (1) Credit Suisse 8 (1) International Finance Corporation 3 (1) Samsung 8 Kimberly Clark 3 Apple 7 L.E.K. Consulting 3 (3) Citi 6 (1) LinkedIn 3 Deloitte 6 (5) L’Oréal 3 (1) Morgan Stanley 6 (2) Nike 3 Danaher 5 Nissan Motor Corporation 3

Numbers in brackets are former employees returning to the organisation after graduation.

30 The Corporate Associate Programme

Partnering with INSEAD opens the door school, its faculty and talent through the to unique opportunities for organisations INSEAD Corporate Associate Programme. seeking visibility and impact at The team provides associates with an “The Business School for the World”. overview of school-wide activities across its three campuses. Remaining close to business is central to INSEAD’s values. Our corporate associates For further information about the not only provide essential funding for innovative Corporate Associate Programme and projects, they also join a global community how your organisation can get involved, that helps the school fulfil its mission to be please contact our Corporate Relations team: “The Business School for the World”©. Hilde Deschoemaeker Corporate associates enjoy benefits built upon + 33 1 60 72 90 54 [email protected] the school’s international presence, its unique global view and its entrepreneurial roots. Perrine Wyplosz + 33 1 60 72 43 54 These include: [email protected]

Tapping into Global Talent Aimed specifically at recruiters who look to INSEAD thanks our 2014-2015 our 1,200+ MBA and EMBA students as a Corporate Associates for Their Support! source of talent. Accenture Powerful Presence A.T. Kearney Enhanced visibility for organisations, whose Bain & Company brand will be displayed across INSEAD’s Citi communication platforms. Deutsche Bank Goldman Sachs Learning Horizons McKinsey & Company Access to world class academic content, Morgan Stanley through the LIVE webinars series and INSEAD Novartis Knowledge newsletter. Olayan Financing Company Networking Opportunities Philip Morris International Privileged networking and sponsorship Roland Berger Strategy Consultants opportunities with students, faculty, Strategy& (formerly Booz & Company) alumni and business leaders. The Boston Consulting Group WPP The Corporate Relations team provides a central point of contact and continuity for organisations who seek to engage with the

31 2014 Recruiting Companies

Companies in bold recruited at least three MBA graduates in 2014. Companies marked * participated in on-campus recruiting activities.

A Arbor Ventures Booz Allen Hamilton A.T. Kearney * Arisaig Partners Boston Scientific * AB InBev Ariston Thermo Group * BP * Abbott * Arma Partners * Braintree Abraaj Capital Arocrest Capital Management Brasil Plural Accelerate-Advertising Ascent Africa Brenmiller Energy Accenture * Aseguradora Magallanes BRF - Brasil Foods * Acwa Power Ashoka * BT Group * Aditya Birla Group * Astana Finance Burger King * plc * AstraZeneca Burning Glass Technologies AdzCentral * Atasun Optik Atton Hoteles AEA Investors C AES Brazil Averda * Capacent Affinity Equity Partners AXA Capital Group * Africa Internet Group * Axel Springer SE Cargill * Agility Carmudi AgilOne * B CarTrade.com Agoda B2W Digital Cathay Capital AIG Express BabyTravel CBRE Group Air Asia Expedia * Backstage Cevian Capital AJE group BAE Systems Chappuis Halder * Algolia Bain & Company * Chevron AlixPartners * Banco de Mexico Chinook Capital Group Allianz Bank of America Merrill Lynch * Christian Dior Amazon * Bank of Beirut Christie’s Amcor * Barclays Capital * Chronocam Amdocs Bayer Business Consulting * CIMB Group American Appraisal BC Partners Citi * American Express * Becton Dickinson * Clessidra American Tower Benefit Cosmetics Clinton Health Access Initiative * Amphenol Corporation * Bertelsmann AG * CMIA Capital Partners Analysis Mason * BHP Billiton Cobham AnonyMessenger BioMerieux * Codapay ANZ Bank * Blablacar * Coesia * APEC Blackrock * Coles Apis Partners Bloomberg Collabspot * APM Terminals Blue Ocean Strategy Commonwealth Bank Apple * BNL Gruppo BNP Paribas * Confident Asset Management AppNexus Booking.com * CONVAERO GmbH Apptus * Booster * Convexity Capital Management

32 Total: 450 companies of which 333 hired Full Time graduates

Creador EON Grab Taxi * Credit Ease * EPIC Companies * Greenoaks Global Credit Suisse * Ericsson * Gumbaya * Ethos Private Equity Guotai Junan International D European Bank for Reconstruction and Development (EBRD) * Dalberg * H Danaher * European Court of Auditors H.I.G. Capital Dangote Group Eurosia * H.J. Heinz Company Day Lewis Plc Eventbrite * Havas Deloitte * Evercore Partners Inc. Haworth * Delta Partners * Everstone Capital Healint * Designit Evolutio Consulting Heinz * Deutsche Bank * Expedia * Henry Schein * Development Bank of Japan Inc. ExxonMobil Herkules Capital EY Hewlett Consulting Partners Digimind * Highland Capital Management DNV GL F Hillgate * DOJUS group Faurecia Hilti * Doosan FB Green HMP Africa Dovre Group Fidelity Worldwide Investment * Home Treasures Dow Chemical * Fine Lifestyles Hony Capital Dream Unlimited Flixbus HSBC * DRW Trading Group FMC Technologies * HSBC Holdings Plc Dunia Finance Fortran Aviation Pte Ltd (Group strategy) * DuPont Company * French Pals Hua Dan * FriendlyScore Hult International Business School FrieslandCampina Huxley Banking & E Financial Services E.ON Inhouse Consulting * Frog Easy Taxi Ebay * G EDP Galeries Lafayette Educate Global Fund * Gallup Consulting * Edwards Lifesciences * Gamma Capital EF Education * General Electric * Eight Inc * Generali * Eleva Educaçao Genpact Eli Lilly * GlaxoSmithKline * Emerson * Glowbl Emunah Investimentos Golden Gate Ventures * Energy Market Authority Goldman Sachs * Enphase Energy Google *

33 I L Mota-Engil I.M. Skaugen SE L Capital Moteefe IBM L.E.K. Consulting * Motion waves * Ignition-Program * Lazada *

IJC Funds Sicav Lazard N IMEC Le Chemiseur * Nath School IMS Health * LEGO NBK Capital Indian Revenue Service Lend Lease Nesma Inditex SA * Lenddo * Nike Indra Business Consultants LGT Venture Philanthropy * Nissan Motor Company * (Europraxis) * Liberty Mutual Nobel Education Network Infineon Liberty Wireless Pte Ltd. Nomura * Innosight Light My Home Norges Bank INSEAD Line Corporation Novade * Intalok LinkedIn Intel * Local Measure O International Finance Locumi Labs GmbH Oaktree Capital Management Corporation * L’Oréal * OC&C Strategy Consultants International SOS * Louis Dreyfus Commodities Odod LLC Investir&+ * Lunar Capital Oliver Wyman ironSource * OMV Itau Unibanco * M On Purpose * Macquarie One Acre Fund *

J Magpie Polymers * Ontario Teachers’ Pension Plan Jana * Maison Capital JC Capital * Marceau Innovation * Jefferies P Marksens * Pagasa Steel Works Inc. JM, Lda Maya Capital Pala Investments Johnson & Johnson * MBA & Co * Partenon EY JP Morgan * McKinsey & Company * Partners Capital * Jumia Medtronic Partners in Performance * Jungle Ventures * Merchalytics Patron Capital Metapack * PayPal *

K Metlife * Philips Kacific * Microsoft * Pimco * Kalypso Millicom * Plesner Kaymu Millward Brown * Podar Education Network Keceph Ltd Milvik - Bima * Pole Sud * Kevric Real Estate Corporation Ministry of Defence Portalia Kiewit Ministry of Finance Sri Lanka Portas Consulting Kimberly Clark * Ministry of Health Singapore Portland Group * King * Mirchandani Group Principia Management Group Korea Investment Corporation Missing Middle Prophet * KPMG * Mitsubishi Corporation PubMatic * Kreditech Monica Vinader Ltd PWC Kroton Educacional Monsun AS Pyxera Global

Morgan Stanley *

34 Q Sonae Triton Partners Quandoo * Sparknews * TSC The Stakeholder Company * Qubit Standard Chartered Bank * Tufton Oceanic Quintiles * Steertalent Co.Ltd Turner Broadcasting Systems Strategy& (formerly Booz & Company) * R U Radboud University Swiss Reinsurance Company Uber * Medical Center Switch Responsible Ventures UBS RB (Reckitt Benckiser) Syngenta Crop Protection AG * Unicredit * Redmart * Unilever Reebonz * T ReferralCandy * TabSquare * V Repucom TaDaweb Value Partners * Richemont * Tagit * VCTaskforce Rising Tide * Talixo * Veson Nautical * RobecoSAM Target Vinebox Roche * Tata Steel VIP.com Rochefort & Associes TBC Bank Vitruvian Partners LLP Rocket Internet * Tchibo * Vomar Roland Berger Tencent * Voxbone * Strategy Consultants * Terre Bleue Roomorama * The Art of This Century Rothschild W The Blackstone Group * Walmart Royal Bank of Canada The Boston Consulting Group * Warburg Pincus LLC The Estée Lauder Warner Bros Entertainment Companies Inc. * S Waters Saint Gobain * The European Stability Wavecell * Samsung GSG * Mechanism (ESM) Westwing Home and Living Sanford C. Bernstein Limited * The Green Link * Wipro Ltd Sanofi * The Impact Hub Paris * Wood Mackenzie * Schlumberger Business The Lane Crawford Joyce Group Woolworths Limited Consulting * The Parthenon Group * Worldpay Schneider Electric * The Planorama Group * Securite Assurance The Wellcome Trust Sener Y Thomson Reuters Yconomus * SES (Store Electronic Systems) ThyssenKrupp * Yum! Brands * Shell International * TinkerLabs Yunus Social Business * Sia Partners * TinyOwl Siemens AG * Tojo Vikas International Siemens Management Z Zurich Insurance Consulting * Total * Company Ltd * Singapore Government Tractebel Engineering SK Vertical Capital TradeGecko *

Skyscanner * Transurban # 21st Century Fox * SMS Management and travelmob * 3i Technology * Tree Line Investment Management 3M Sodexo * Trekurious 50 Partners * Solon Management Consulting * TripAdvisor *

35 Summer Internships / Projects and Compensation Trends

Some 58% of our December 2014 class used Compared with last year’s figures, there their summer vacation to do an internship appears to be a steep decline in interest in or project, slightly more than in the previous Retail / Consumer & Luxury Goods and a sharp year. Conversely, the number of companies rise in E-commerce / Internet internships. employing INSEAD students over the summer However this is largely due to our own fell from 189 the previous year to 149. recategorisation of these sectors.*

The most popular sectors were, as usual, those Internship compensation rose steeply in 2014 where companies tend to recruit large numbers for INSEAD students. The mean and the median of MBA graduates and thus have significant monthly salaries increased to €4,500 and internship programmes. These include €4,300 (up from €3,500 and €2,800 in 2013) consulting firms, investment banks and * In line with LinkedIn categories, we have decoupled IT / E-commerce companies. E-commerce companies from Retail and attached them to Internet.

By Sector

Total: 286

21%

16%

12.5%

7% 6% 5% 4% 4% 4% 4% 2% 3% 3% 3% 2% 1% 0.5% 1% 1%

Energy Consulting Healthcare Insurance Real Estate

Corporate Services Primary Industries E-Commerce / Internet Information Telecommunications Technology/ Other Financial Services TransportationTravel // LogisticsLeisure Services Public Sector / Social Impact Manufacturing / ConglomeratesPrivate Equity / Venture Capital Retail / Consumer & Luxury Goods Investment Banking / SalesMedia & Trading / Entertainment / Advertising Investment Management / Hedge Funds

36 By Region Africa / Near / Middle East 4% Asia Pacific 36% Central / Eastern Europe 2.5% North America 6% Northern Europe 1.5% Latin America 4% Southern Europe 2% Western Europe 44%

Within Europe

France 15% Germany 10% Luxembourg 14% Russia 4% Switzerland 6% United Kingdom 39% Other* 12%

* includes countries where fewer than 5 jobs were reported: Belgium, Bulgaria, Denmark, Hungary, Italy, Norway, Spain, Sweden, The Netherlands and Turkey.

Within Asia Pacific

China 9% Hong Kong 11% India 10% Singapore 60% Other* 10%

* includes countries where fewer than 5 jobs were reported: Australia, East Timor, Indonesia, Japan, Korea, Laos, Malaysia, Myanmar, Taiwan, and Vietnam.

37 Summer Internships / Projects Monthly Base Salaries

Overall Monthly Overall Monthly Mean Salary Median Salary €4,300 €4,500

By Sector*

# Range € Median € Consulting 45 600 – 9,050 7,000 E-Commerce / Internet 52 500 – 6,200 4,500 Energy 12 1,100 – 5,000 4,600 Healthcare 12 1,100 – 5,000 3,300 Information Technology / Telecommunications 13 450 – 8,100 1,500 Investment Management / Hedge Funds 4 1,000 – 7,200 5,900 Investment Banking / Sales & Trading 33 1,900 – 8,400 6,800 Manufacturing / Conglomerates 8 2,400 – 6,300 3,500 Media / Entertainment / Advertising 9 1,800 – 7,000 4,500 Other Finance 7 900 – 7,200 4,000 Primary Industry 7 1,600 – 1,900 1,600 Private Equity / Venture Capital 18 200 – 6,500 1,700 Public Sector / Social Impact 12 200 – 4,500 2,700 Retail / Consumer & Luxury Goods 8 600 – 3,000 2,100 Travel / Leisure Services 4 2,100 – 5,200 3,500

By Country*

# Range € Median € Brazil 5 1,500 – 6,000 2,650 China 8 200 – 7,800 1,200 France 17 900 – 4,500 1,800 Germany 14 1,200 – 6,000 4,600 Hong Kong 10 2,400 – 6,200 4,100 India 9 700 – 1,900 1,600 Russia 5 7,400 – 9,000 8,250 Singapore 57 400 – 8,400 2,400 Switzerland 7 2,900 – 8,200 8,000 United Arab Emirates 4 2,000 – 8,100 5,000 United Kingdom 50 1,000 – 9,050 6,800 USA 11 2,700 – 8,100 4,500

* Where 4 or more salaries were reported Exchange rate: Oanda, average for the period: 1/07/14 – 31/08/14

38 39 Companies which Hired Summer Interns in 2014

Companies in bold employed at least 3 interns

A Clifford Capital H A.T. Kearney Cognita Healint Accenture CognoLink Henkel Accíon International Collabspot Hexagon AB Aditya Birla Group Cox Media Group HgCapital Admiral Group plc Credit Suisse HSBC Aeris capital CREN African Leadership Academy I Airwatch D IBM Alexander Lewis and Vaunte.com Danaher InfraMed Amazon Decision Technologies Ltd INSEAD American Express Deloitte Intercontinental Hotels Group Amobee Deutsche Bank International Finance Corporation Amphenol Corporation DFR Asia Itau BBA Arborland Montessori Ducon GmbH Areva J AVSF E JF Hillebrand E.ON Inhouse Consulting Johnson & Johnson B eBay JP Morgan Bain & Company Educate Global Fund Jumia Barclays Capital Endeavor Benefit Cosmetics EPIC Companies K BHP Billiton Kevric Real Estate Corporation Bima (Milvik) F BioRefinex Feex King BNP Paribas Fidelity Worldwide Investment

Bogga Wind Power Financière Arbevel L The Boston Consulting Group Firebrand Group L Capital (LVMH) Boston Scientific Lancel LeapFrog Investments Bridgepoint Capital G BT Group General Electric Leica Biosystems Brookfield Renewable Energy Glennmont partners LG CNS Partners Glocal Partners Lhoist Goldman Sachs LinkedIn

C Google L’Occitane Carrhae Capital GroupM L’Oréal CBRE Group Lotus Impact Fund Chanel Lunar Capital Chope LVMH Citi

40 Total:149 Companies Hired Summer Interns

M S W Maxburg Capital Salamanca Group Ward Ferry Management Ltd Partners Sanofi Wonga McDonalds Seminal Capital Partner Woodside Energy McKinsey & Company Shell International Michael Kors Silver Needle Hospitality Group Z Microchip Technology Sony Corporation Zalora Microsoft Sovereign Capital Millicom SportImpact Millward Brown Spotify MJN Consult Arabia Strategy& Monitor Deloitte (formely Booz & Company) Morgan Stanley MSD T Tau Investment Management Tencent N Newcleus The Green Link Nike Time Equity Partners Northstar Silicon Island Time Warner Nova Founders TLG Capital Novo Nordisk Trusted Family

O U Oslo Business Region Uber Inc Universidad Externado de Colombia

P PayPal

PayPlug V Vimcar GMBH Permira Virtus Partners Petit Bateau Virtusize Philips Visualead Plan Padrinos Vivendi Prime Art Capital Volaris Puma India

R Rising Tide Asia

Roche

Roland Berger Strategy Consultants Rothschild

41 A Wide Choice of Recruiting Methods

The Career Development Centre team provides Ideally, companies achieve this by having a advice and assistance for recruiters throughout physical presence on both campuses or by the hiring process. We are committed to taking advantage of our video-conference working closely with organisations to find facilities. We recommend mixing and matching an INSEAD recruitment strategy that fits the following recruitment methods according their needs. to your needs. Please do not hesitate to contact us to discuss your best approach for successful Recruiters can access 1,000+ MBA, 220+ EMBA recruitment at INSEAD. and a network of 50,000+ Alumni through our offices. Identical opportunities to hire INSEAD Recruit on campus MBAs are provided twice a year on both of our If you wish to build corporate brand image campuses (Europe and Asia) in addition to 2 and increase awareness of your company’s networking forums in the Middle East region. career opportunities, on-campus recruitment The number of MBA participants taking part is usually the best approach. This consists of in campus exchanges between INSEAD, the an on-campus recruiting event with interviews Wharton School of Business, Kellogg School held at a later date. Employer visits take place of Management (US) and CEIBS (China) has during the two main recruitment periods stabilized. In 2014 around 69% of participants (March–June and September–December). chose to move at least once between campuses. Interviews can be arranged on both campuses, Given such mobility, it is vital that recruitment taking advantage of our interview rooms, messages reach all participants. video-conference facilities, and the web-based interview-scheduling system on

our CareerGlobe platform. 1,000+ MBA

220+ EMBA

50,000+ Alumni

42 Participate in a Networking Expo Recruit for Internships and Projects The networking expo is a 2-hour multi-industry The January intake has the opportunity to work event taking place in an afternoon with a limited on a July–August internship or project during number of organisations invited. This event the two-month summer break. Managers hiring gives you the opportunity to meet with students INSEAD MBA participants in this way benefit early in the campaign – and you will be able to from having highly motivated, self-starting display your promotional materials and banners individuals work on specific business issues. in an informal setting. Career Development Centre Participate in a Networking Evening Sponsored Events Participating in a multi-industry networking We arrange many additional events throughout evening, where a limited number of companies the year. Examples include: panel discussions are invited, gives you a chance to network face on careers in specific industries or women’s to face with students in an exclusive setting. career issues; seminars on presentation skills or case interview techniques; and preparation Post a Job Description for finance interviews. All of these provide At any time during the year, descriptions of participants with specialised insights and allow career opportunities (full-time positions or the companies involved to promote their brand internships) can be posted on our user-friendly on campus. recruitment portal, CareerGlobe, free of charge and viewed by MBA participants on Clubs both campuses, EMBA participants and INSEAD has a wide variety of sector-specific Alumni across the globe. The site makes it participant clubs, including consulting, possible for applicants to respond directly healthcare, energy, private equity, marketing, to the recruiting organisation. entrepreneurship and NGOs. Working with the clubs on their various events enables recruiters Contact Individuals Directly to target – and network with – groups of Through the CV Database motivated participants very efficiently. The CVs of our MBA and EMBA participants are an important recruiting tool, whether companies plan to recruit on campus or by direct contact. We publish CV Books with many useful search capabilities, such as languages, previous work experience and educational background.

43 Important INSEAD Recruiting Guidelines

Non-disclosure of Grades: Non-discrimination: INSEAD’s selection criteria include a rigorous As an international business school, INSEAD evaluation of intellectual and professional adheres to the principles of equality and abilities. To obtain the MBA degree is a impartiality. We expect companies recruiting significant achievement. As a matter of policy, at INSEAD to respect these principles. grades are considered confidential during the recruitment process. However, participants will For more details on recruiting at INSEAD, be able to communicate whether or not they are please visit the “Corporate Recruiters” on the official Dean’s List of high performers. section of our website: Full transcripts of grades can be obtained http://www.insead.edu/corporate_recruiters/ only after graduation.

Equal Consideration for General Enquiries Participants on Both Campuses: Europe Campus Participants are selected from a centralised Tel: +33 (0)1 60 72 90 06 applicant pool, so all campuses have roughly [email protected] the same MBA profile. Recruiters are therefore expected to consider all candidates regardless Asia Campus of their campus location, including those on the Tel: +65 6799 5428 exchange with Wharton, Kellogg and CEIBS. It is [email protected] also in employers’ interests to target all INSEAD campuses, as – after the first four months of Abu Dhabi Campus the programme – participants are able to move Tel: +971 2 651 52 00 freely between sites every two months. The [email protected] Career Development Centre has comprehensive systems in place, such as video-conferencing equipment, to facilitate this process.

44 45 List of Countries Per Region

Africa Rwanda Lao Algeria Saint Helena Macau Angola Sao Tome And Principe Malaysia Benin Senegal Maldives Botswana Seychelles Marshall Islands Burkina Faso Sierra Leone Micronesia Burundi Somalia Mongolia Cameroon South Africa Myanmar Cape Verde Sudan Nauru Central African Republic Swaziland Nepal Chad Tanzania New Caledonia Comoros Togo New Zealand Congo Tunisia Niue Congo Rep.Dem. Uganda Norfolk Island Djibouti Zambia North Korea Egypt Zimbabwe Pakistan Equatorial Guinea Palau Eritrea Asia Pacific Papua New Guinea Ethiopia Afghanistan Philippines Gabon American Oceania Samoa Gambia American Samoa Singapore Ghana Australia Solomon Islands Guinea Bangladesh Sri Lanka Guinea-Bissau Bhutan Taiwan Ivory Coast Brunei Darussalam Thailand Kenya Cambodia Tokelau Lesotho China Tonga Liberia Christmas Island Tuvalu Libya Cocos Islands Vanuatu Madagascar Cook Islands Vietnam Malawi East Timor Mali Fiji Mauritania French Polynesia Mauritius Guam Morocco Hong Kong Mozambique India Namibia Indonesia Niger Japan Nigeria Kiribati Reunion Korea

46 List of Countries Per Region

Central/Eastern Europe Bolivia Near/Middle East Albania Brazil Bahrain Armenia Cayman Islands Iran Azerbaijan Chile Iraq Belarus Colombia Israel Bosnia and Herzegovina Costa Rica Jordan Bulgaria (EEA) Cuba Kuwait Croatia Dominica Lebanon Czech Republic (EEA) Dominican Republic Oman Estonia (EEA) Ecuador Palestine Georgia El Salvador Qatar Hungary (EEA) Falkland Islands Saudi Arabia Kazakhstan Grenada Syria Kyrgyzstan Guadeloupe United Arab Emirates Latvia (EEA) Guatemala Yemen Lithuania (EEA) Guiana Macedonia Guyana North America Moldova Haiti Canada Montenegro Honduras USA Poland (EEA) Jamaica Romania (EEA) Martinique Russia Mexico Serbia Montserrat Slovakia (EEA) Netherlands Antilles Slovenia (EEA) Nicaragua Tajikistan Panama Turkey Paraguay Turkmenistan Peru Ukraine Puerto Rico Uzbekistan St Kitts and Nevis St Lucia Latin America St Vincent and The Grenadines Anguilla Surinam Antigua-Barbuda Trinidad and Tobago Argentina Turks and Caicos Islands Aruba Uruguay Bahamas Venezuela Barbados Virgin Islands (British) Belize Virgin Islands (US) Bermuda

47 List of Countries Per Region

Northern Europe Western Europe Denmark (EEA) Andorra Faroe Islands (Denmark) Austria (EEA) Greenland (Denmark) Belgium (EEA) Finland (EEA) France (EEA) Iceland (EEA) Germany (EEA) Norway (EEA) Ireland (EEA) Sweden (EEA Liechtenstein (EEA) Luxemburg (EEA) Southern Europe Monaco Cyprus (EEA) Switzerland Gibraltar (EEA) The Netherlands (EEA) Greece (EEA) United Kingdom (EEA) Italy (EEA) Malta (EEA) Portugal (EEA) Spain (EEA) Vatican

Exchange Rates

Currency 2012 per € * Currency 2012 per € * Currency 2012 per € * Australia (AUS$) 1.4464 Japan (Yen) 140.29 Singapore (SG$) 1.6380 Brazil (Real) 3.0868 Korea (Won) 1395.9 South African (Rand) 14.127 Canada (CA$) 1.4304 Lebanon (LBP) 1921.8 Switzerland (SFr) 1.2079 China (Renminbi) 7.9159 Malaysia (MYR) 4.2157 UAE (Dirham) 4.7290 Hong Kong (HK$) 9.9741 Norway (Krone) 8.4314 United Kingdom (£) 0.7913 India (Rupee) 78.725 Poland (Zloty) 4.1926 USA (US$) 1.2878 Indonesia (IDR) 15.431 Russia (Rouble) 53.739

*Source: Oanda.com (average exchange rate 01/07/2014 - 31/12/2014) Reference to local salaries displayed on page 15

This report contains employment data for the July and December 2014 classes. As of 2016, and in line with INSEAD’s academic calendar, this report will be based on December 2014 and July 2015 classes, and published in January 2016.

48 49