MBA EMPLOYMENT REPORT
2019
2019 TRENDS & STATISTICS
It was another very successful recruitment Our Career Center ensures students’ career goals year for the HEC Paris MBA, with 92 percent of align with the needs of the global job market and the Class of 2019 accepting job offers within continues to encourage students to transform three months of graduation. The class joins and explore a variety of industries and functions the prestigious ranks of the HEC Paris alumni during the MBA. This diversity is reflected in network, made up of more than 60,000 people the placement data with 38 percent of students from 132 countries across the world. securing roles in a range of industries including Energy, Healthcare, Retail, Manufacturing and The class, made up of 55 nationalities (92 Consumer Goods. Technology (16 percent percent international), graduated with a placement) and Finance (19 percent placement) global mindset, ready to take on the business remained popular sectors, while Consulting saw challenges of today and tomorrow. Sixty-six big growth with 27 percent of the class securing percent of the class secured positions outside of positions within the sector. their home countries. And many of our students made significant career transformations, with 82 Our dedicated Career Center team would percent changing sector, 70 percent changing like to take this opportunity to thank our function and 64 percent changing their locations. loyal alumni and recruiters, who continue to A total of 80 percent of the class changed two show confidence in our talent. We are proud of the three elements, while almost 40 percent of our achievements and we look forward to made the “triple jump” and changed all three. continuing to prepare future generations of global leaders to solve the business problems The HEC Paris MBA program continues to be one of tomorrow. of the top MBAs in the world, this year ranking #1 in Europe and #3 worldwide by the Economist, and ranking in the top 10 MBA programs in the world by the Financial Times. We maintained high rankings in Poets & Quants, America Marie Courtois Economia, QS and Bloomberg Businessweek. Director, Career Center, HEC Paris CLASS PROFILE CLASS PROFILE HEC PARIS MBA CLASS OF 2019
NUMBER OF PARTICIPANTS NATIONALITIES 55 239 GEOGRAPHIC ORIGINS (NATIONALITIES)
INTERNATIONAL PARTICIPANTS AVERAGE AGE 92% 30 18% GENDER GMAT AVG EUROPE 32% WOMEN 690 27% AMERICAS 43% ASIA & AVERAGE WORK 12% OCEANIA EXPERIENCE AFRICA & MIDDLE 6 YEARS EAST
2 HEC PARIS MBA 2019 CURRENT CLASS PROFILE HEC PARIS MBA CLASS OF 2021
NUMBER OF PARTICIPANTS NATIONALITIES 50 281 GEOGRAPHIC ORIGINS (NATIONALITIES)
INTERNATIONAL PARTICIPANTS AVERAGE AGE 94% 30 19% GENDER GMAT AVG EUROPE 34% WOMEN 690 24% AMERICAS 46% ASIA & AVERAGE WORK 11% OCEANIA EXPERIENCE AFRICA & MIDDLE 6 YEARS EAST
3 HEC PARIS MBA SALARIES
SALARIES
OVERALL MEAN SALARY TOTAL
On average, MBA graduates from HEC Paris doubled their pre-MBA salaries. 2017 2018 2019 $128,206 ANNUAL SALARY PACKAGE (MEAN)
Overall Average Salary Package $116,504 ANNUAL SALARY $112,800 $120,700 $128,206 PACKAGE (MEDIAN) 92% $24,423 SIGN-ON BONUS OF THE CLASS (MEAN) ACCEPTED JOB Sign-on Bonus OFFERS WITHIN THREE MONTHS OF GRADUATION $22,295 $27,800 $28,100 $24,423 SIGN-ON BONUS (MEDIAN)
4 HEC PARIS MBA 2019
SECTOR
CONSULTING ENERGY Western Europe (including France) Annual Salary (Mean) $127,816 Annual Salary (Mean) $112,937 Annual Salary (Mean) $102,519 Annual Salary (Median) $120,046 Annual Salary (Median) $114,562 Annual Salary (Median) $99,201 Sign-on Bonus (Mean) $22,383 Sign-on Bonus (Mean) $7,173 Sign-on Bonus (Mean) $21,159 Performance Bonus (Mean) $21,148 Performance Bonus (Mean) $74,231 Performance Bonus (Mean) $31,893
FINANCE RETAIL North America Annual Salary (Mean) $113,858 Annual Salary (Mean) $106,472 Annual Salary (Mean) $186,922 Annual Salary (Median) $115,350 Annual Salary (Median) $107,604 Annual Salary (Median) $147,360 Sign-on Bonus (Mean) $23,815 Sign-on Bonus (Mean) $23,070 Sign-on Bonus (Mean) $20,000 Performance Bonus (Mean) $70,683 Performance Bonus (Mean) $10,000 Performance Bonus (Mean) $20,200
TECHNOLOGY Asia (including Oceania) Annual Salary (Mean) $104,258 MANUFACTURING Annual Salary (Mean) $143,376 Annual Salary (Median) $100,430 Annual Salary (Mean) $104,527 Annual Salary (Median) $141,995 Sign-on Bonus (Mean) $19,856 Annual Salary (Median) $88,819 Sign-on Bonus (Mean) $33,576 Performance Bonus (Mean) $20,618 Sign-on Bonus (Mean) $11,535 Performance Bonus (Mean) $24,649 Performance Bonus (Mean) $11,967 HEALTHCARE Middle East/Gulf Region Annual Salary (Mean) $157,575 Annual Salary (Mean) $132,028 Annual Salary (Median) $130,933 Annual Salary (Median) $140,000 Sign-on Bonus (Mean) $50,278 LOCATION Sign-on Bonus (Mean) $27,666 Performance Bonus (Mean) $31,417 Performance Bonus (Mean) $19,407
CONSUMER PACKAGED GOODS France South America Annual Salary (Mean) $117,043 Annual Salary (Mean) $103,465 Annual Salary (Mean) $122,603 Annual Salary (Median) $120,000 Annual Salary (Median) $98,047 Annual Salary (Median) $122,603 Sign-on Bonus (Mean) $24,035 Sign-on Bonus (Mean) $19,929 Performance Bonus (Mean) $7,000 Performance Bonus (Mean) $28,404
5 HEC PARIS MBA CAREER TRANSFORMATION
CAREER TRANSFORMATION
CAREER TRANSFORMATION FOR THE CLASS OF 2019
At the HEC Paris MBA, we pave the way for students to transform their careers. The majority of our students made a career transformation, with 82 percent changing sector, 70 percent changing function and 64 percent changing their location. 82% 70% 64% CHANGED CHANGED CHANGED SECTOR The majority of the class – 80 percent – changed two FUNCTION LOCATION of the three elements, while 39 percent successfully made the “triple jump.” International mobility continued to be a strong trend in our post-graduation placements, with 66 percent of the class securing employment outside of their home countries. 80% CHANGED AT 39% LEAST TWO OF CHANGED THESE THREE ALL THREE ELEMENTS
6 HEC PARIS MBA 2019
SECTOR CHANGE FUNCTION CHANGE
Overall, a large number of HEC Paris MBA We saw the largest proportion of students from the participants moved into the Consulting and Class of 2019 take on Consulting positions, while Technology sectors. many also accepted leadership roles in Finance/ Accounting and Marketing/Sales.
PRE-MBA POST-MBA PRE-MBA POST-MBA
Consulting Healthcare Technology Consulting Marketing & Sales 13% 4% 8% 18% 23% 27% 6% 16% 30% 23%
Consumer Packaged Manufacturing Transportation & Finance/Accounting Ops, Production, Logistics Goods 6% Logistic Services 16% 7% 6% 7% 2% 20% 4% 4% 2%
Energy/Utilities Media/Entertainment Other General Management Other 26% 8% 16% 1% 13% 14% 1% 6% 0% 3%
Financial Services Real Estate Human Resources 18% 1% 1% 19% 2% 2%
Govt./Not-for-profit Retail Information Technology 5% 7% 1% 1% 7% 6%
7 HEC PARIS MBA RECRUITER ACTIVITY
RECRUITER SOURCE OF OPPORTUNITY ACTIVITY CLASS OF 2019
72% SCHOOL-FACILITATED OPPORTUNITIES
TOP RECRUITERS 7% Other School Facilitated Source 5% 9% HEC Paris Job Postings HEC-Facilitated Internships which Converted to Full-Time
19% HEC Paris Network/ Resources/Referrals 60% MBA On-Campus Recruitment & On-Campus Interviews
28% GRADUATE-FACILITATED OPPORTUNITIES
Networking to Networking/ Personal Contacts 50%
Online Postings 39%
Other 11%
8 HEC PARIS MBA 2019
“In the HEC Paris MBA there is never a moment to spare. From honing your skills in the classroom, to meeting industry leaders on campus or learning from your uniquely diverse set of classmates, every day is filled with experiences that shape you as a person and a professional. This comprehensive journey sets HEC apart and has transformed the way I view the workplace, the industry and, most importantly, the role I should play in all of it.”
Ethan Iglesias Dougherty, Investment Banking Associate, Bank of America
9 HEC PARIS MBA CAREER CHOICES
CAREER CHOICES FOR THE CLASS OF 2019
Rate General Management 14% Employed at three months 92% Information Technology 6% Operations/Logistics 4% Human Resources 2% Sector Other 2% Consulting 27% Total 100% Financial Services 19% Technology 16% Manufacturing 7% Location Retail 7% Energy 6% Region Healthcare (Including Products and Services) 6% France 34% Consumer Packaged Goods 4% Europe (Excluding France) 27% Other 3% Asia (incl Australia) 18% Real Estate 2% North America 9% Transportation & Logistics 2% Latin America & Caribbean 5% Government/Non-profit 1% Middle East 7% Total 100% International Mobility Working outside their home country 66% as percentage of total Class Function Consulting 30% Working outside France 66% Marketing/Sales 23% as percentage of total Class Finance/Accounting 20%
10 HEC PARIS MBA 2019
“At the beginning of my MBA, I couldn’t imagine how much I would learn, grow and achieve! The knowledge I acquired both in the classroom and, especially, outside of it (e.g., attending seminars and speaker series, meeting people from all over the world, being an active member of the Consulting Club and the TEC Community) really prepared me to transition from Latin America to Europe. At the end, I was able to choose among several offers from top-ranked industries and consulting firms.”
Juliana Vectore, Consultant, Bain & Company
11 HEC PARIS MBA REGION ANALYSIS
REGION ANALYSIS REGIONS The percentages of non-French finding jobs in France, and non-Europeans finding jobs in Western Europe were 73 percent and 52 percent of the placement rates in these regions.
MOBILITY JOB LOCATION
27% EUROPE** 18% ASIA & 9% 34% OCEANIA NORTH AMERICA FRANCE 66% 7%
5% OF GRADUATES LATIN SECURED AMERICA* EMPLOYMENT OUTSIDE OF THEIR HOME COUNTRIES
*And Caribbean **Excluding France
12 HEC PARIS MBA 2019
“Academically, the MBA provided me with a sharp toolbox containing everything a business leader needs to know: strategy, marketing, finance, operations, organization and more. In addition, the flexibility built into the HEC Paris MBA allowed me to customize my learning experience. As a result, and with some much appreciated support from the Career Center, I was able to land a very hands-on and strategic role at Shiseido.”
Guillaume Bô-Kim, Strategy Manager, EMEA & Global Fragrance, Shiseido
13 HEC PARIS MBA COMPANIES WHO RECRUITED FROM THE CLASS OF 2019
The following list includes companies that offered at least one full-time position, as well as those that had internship positions accepted.
A Ceres Industries F J, K Strategy& Abbott CFAO Technology and Energy Facebook J.P. Morgan O Sumitomo Mitsui Banking Accenture* Chanel* Fairtree Janssen Europe, Middle East & Octoshield Corporation AddVentures by SCG CIBC Fast-Up Partners Africa (EMEA) Oliver Wyman* Swatch Group Adenia Partners Cimenterie Nationale S.A.L Finance in Motion JGC Corporation Synpulse Management Adidas CITIC Securities Fives Johnson & Johnson Consulting Admiral Clermount Partners Foodpanda Julius Baer P, Q Systra Advanced Blockchain AG Clever Leaves Fosun KPMG* Pace University Aethon CMA CGM* Furlenco P3 Aetna Code8 Beauty Panoply City T AfricInvest Group Coles Group L Paris 2024 Tcell Airbus Cortex G Laboratoires Dermatologiques PERACS Telefonica Aktor SA CoSMo Software Consulting GE Healthcare LATOKEN Pernod Ricard The Boston Consulting Group* Alaria Health Pte Ltd Genpact LeCab Ping An The Currency Exchange Fund AlixPartners Crédit suisse Glow Recipe Lehmann Maupin Predictus Truffle Capital Amazon* Google Lilly Procter & Gamble* American Express Green Giraffe Linagora Pro-Standard Global Tech Amundi Asset Management D Groupe Renault* Lingua Custodia Fund U Arab Bank Daimler AG GSK L’Oréal* PTOLEMUS Consulting Group Uber ArcelorMittal Data Soluce Guaranty Trust Bank Luxurynsight PwC* UBS Arma Partners Dataswati LVMH* QMC Telecom UChicago Medicine Armani DealGlobe Urgo* Artefact Deliveroo H AstraZeneca Delivery Hero HelloFresh M R Atelier Premiere NY Detecon International GmbH Heuritech Maexpartners GmbH Ralph Lauren V,W Atos* DHL Consulting Hilti MagicLab Roland Berger* Vestiaire Collective AUTO1 DiaVel Hines McKinsey & Company* Visa Drive HomeServe MetLife Westwing Home & Living Drop Positioning Systems HORIBA Michelin* S Worldline* B DuPont Solutions HSBC* Microsoft Saipem Bain & Company* Mitsui & Co., Ltd. Salesforce BAML Moët Hennessy - LVMH* Sanofi China X ,Y, Z Bancolombia E I Monitor Deloitte* SAP YOOX Net-a-Porter Group BASF E.ON IFC - International Finance Morgan Stanley SCG Zolo BAT Edenred Corporation Morningstar Schneider Electric* Bionest Partners Eiffage Imerys Siemens Healthineers Biz Capital Elephants & Ventures Infosys Simon-Kucher & Partners Bolt Mobility Emirates Airlines Innovorder N Skintifique Booz Allen Hamilton equensWorldline Investisseurs et Partenaires NAU Design Smart Boralex Estée Lauder Paris invitly Netcetera Group Société Générale* Business Finland Etergo Ipanema Consulting Nexus for Development Société des plastiques nobles Etex Building Performance Ippon Technologies Nissan Motor Corporation (SPN) Euro Latina Finance Ipsen Nissan Automotive Europe Sodexo* C everis ITEKA Corporate Finance Novireg Sodiatech Capgemini Invent* EY* Nubank Southern Housing Group CarMoov S.T. Dupont Cartier International Stepling Investment & Cathay Pacific Property *Corporate partners of HEC Paris
14 HEC PARIS MBA 2019
RECRUITING EVENTS
HEC Paris MBA Career Week: A week-long, on-campus event focusing Region-Focused Career Fairs: Events held focused on certain regions, on full-time MBA recruitment (September). including Germany, China, Luxembourg and Africa, among others (November-March). HEC International Finance and Consulting Fairs: On-campus networking and job-placement events for companies recruiting finance MBA Retail & Luxury Fair: Event held for students specifically interested and consulting positions across all programs at HEC (October and in Retail and Luxury (March). November). Stand-Alone Individual Presentations: Company presentations can HEC Carrefours Career Fair: Started in 1985, this is the flagship career occur anytime from September to November and from January to April. fair for full-time and internship positions across all programs at HEC Career Treks: Regional, national and international, sector- or region- (January). focused treks organized throughout the program. HEC Paris MBA Internship Day: MBA-specific event focusing on Club Activities: HEC Paris MBA professional clubs aim to strengthen the internship recruitment (January/February). relationship between the HEC Paris MBA community and specific sectors. They organize panel discussions, evening guest speakers, company visits, Sector-Focused Career Fairs: Events held for companies recruiting or networking dinners with HEC Paris alumni, and so on. interested in networking with students specifically interested in their sectors, including Digital and Technology, Health Sciences and Impact, Job/Internship Postings: Job opportunities can be posted on our careers among others (November-March). portal, free of charge. For more information, email [email protected].
TIMING AND AVAILABILITY
The HEC Paris MBA lasts 16 months and there are two intakes, in September and January. Students are available for internships and full-time positions, as follows: Availability of September intake: Availability of January intake:
• Summer internships: From mid-April to end of August • Summer internships: From July to mid-September
• End-of studies internships: From January to April of their graduating year • End-of-studies internships: From January to April of the following year
• Full-time positions: From January of their graduating year (15 months • Full-time positions: From April of their graduating year (15 months after after the start of the program) the start of the program)
15 HEC PARIS MBA “The HEC Paris MBA experience has been transformative, both professionally and personally. As an international student, changing both industry and location was not an easy career shift, and I could not have achieved it without the support and coaching I received. Learning in a truly international and diverse environment gave me the knowledge and confidence to take advantage of every opportunity and make an impact in a short period of time.”
Preethi Anand, Central Operations Manager, EMEA-APAC, Uber
16 © Photos: Marcella Barbieri - Conception - design: HEC Paris MBA Communications & Hippie Agency www.mba.hec.edu 1 rue de la Libération [email protected] 78351 Jouy-en-Josas [email protected] France Tel: +33 (0)1 39 67 73 83