MBA EMPLOYMENT REPORT

2018 2018 TRENDS & STATISTICS

The talented graduates of the Class of 2018 Our dedicated Career Center team would like to joined the ranks of the HEC alumni network take this opportunity to thank our loyal alumni – a network of more than 60,000 people across and recruiters, who continue to show confidence 132 countries around the world – prepared to be in our talent. We are proud of our achievements global business leaders of today and able to take and we look forward to continuing to prepare on the business challenges of the future. With 93 future generations of global leaders to solve the percent of the class accepting job offers within business problems of tomorrow. three months of graduation, it was another very successful recruitment year. Raphaëlle Gautier Executive Director - Armed with a global mindset, after having Corporate Partnerships & Careers, HEC Paris completed their studies with their 90 percent international classmates, made up of 47 nationalities, 60 percent of the class secured positions outside of their home countries. Our students continue to make significant career transformations, with 73 percent changing sector, 72 percent changing function and 61 percent changing their locations. A total of 74 percent of the class changed two of the three elements, while almost 40 percent made the “triple jump” and changed all three.

The HEC Paris MBA continues to be one of the top European MBAs, remaining highly ranked by The Economist, Financial Times, Forbes, Poets & Quants and Bloomberg Businessweek.

Our Career Center ensures students’ career goals align with the needs of the global job market. It encourages students to transform and explore a variety of industries and functions during the MBA. This diversity is reflected in the placement data with 51 percent of students securing roles in a range of industries including Energy/Utilities, Life Sciences, Luxury, Consumer Goods and Automotive. Technology (17 percent placement) and Finance (18 percent placement) remained popular sectors, while Consulting saw big growth with 24 percent of the class securing positions within the sector. CLASS PROFILE HEC PARIS MBA 2018

CLASS PROFILE CURRENT CLASS PROFILE HEC PARIS MBA CLASS OF 2018 HEC PARIS MBA CLASS OF 2020

NUMBER NUMBER OF PARTICIPANTS NATIONALITIES OF PARTICIPANTS NATIONALITIES 232 47 274 56

INTERNATIONAL INTERNATIONAL AVERAGE AGE PARTICIPANTS AVERAGE AGE PARTICIPANTS 30 90% 30 92%

GENDER GMAT AVG GENDER GMAT AVG 29% WOMEN 690 33% WOMEN 690

AVERAGE WORK AVERAGE WORK EXPERIENCE EXPERIENCE 6 YEARS 6 YEARS

GEOGRAPHIC ORIGINS (NATIONALITIES) GEOGRAPHIC ORIGINS (NATIONALITIES)

23% 20% EUROPE

25% 9% 43% 22% 11% 47% AMERICAS AFRICA & ASIA & AMERICAS AFRICA & MIDDLE MIDDLE ASIA & EAST OCEANIA EAST OCEANIA

4 5 HEC PARIS MBA SALARIES HEC PARIS MBA 2018

SECTOR MANUFACTURING SALARIES Annual Salary (Mean) $122,098 Annual Salary (Median) $109,016 CONSULTING Sign-on Bonus (Mean) $9,967 Annual Salary (Mean) $114,900 Performance Bonus (Mean) $46,929 On average, MBA graduates from Annual Salary (Median) $112,200 HEC Paris doubled their pre-MBA salaries. OVERALL MEAN SALARY Sign-on Bonus (Mean) $26,800 Performance Bonus (Mean) $18,600 LOCATION

FINANCE 2016 2017 2018 Annual Salary (Mean) $125,305 Annual Salary (Mean) $101,200 Annual Salary (Median) $118,000 Annual Salary (Median) $106,000 Sign-on Bonus (Mean) $35,498 Sign-on Bonus (Mean) $18,700 Overall Average Salary Package Performance Bonus (Mean) $42,489 Performance Bonus (Mean) $14,300 TECHNOLOGY (including France) Annual Salary (Mean) $145,600 Western Europe Annual Salary (Mean) $129,100 Annual Salary (Median) $131,000 Annual Salary (Median) $114,700 93% $104,700 $112,800 $120,700 Sign-on Bonus (Mean) $37,000 Sign-on Bonus (Mean) $37,300 Performance Bonus (Mean) $71,900 Performance Bonus (Mean) $38,300 HEALTHCARE OF THE CLASS North America ACCEPTED JOB Annual Salary (Mean) $113,700 Annual Salary (Mean) $140,700 OFFERS WITHIN Annual Salary (Median) $115,600 THREE MONTHS Sign-on Bonus Annual Salary (Median) $139,300 Sign-on Bonus (Mean) $11,900 OF GRADUATION Sign-on Bonus (Mean) $18,000 Performance Bonus (Mean) $27,700 Performance Bonus (Mean) $32,800

CONSUMER PACKAGED GOODS $14,800 $27,800 $28,100 Annual Salary (Mean) $94,000 Asia (including Oceania): Annual Salary (Mean) $111,900 Annual Salary (Median) $95,100 Annual Salary (Median) $107,800 Sign-on Bonus (Mean) $30,000 Sign-on Bonus (Mean) $22,700 Performance Bonus (Mean) $5,800 Performance Bonus (Mean) $50,600 ENERGY Annual Salary (Mean) $109,200 Middle East/Gulf Region Annual Salary (Mean) $129,400 Annual Salary (Median) $109,300 TOTAL Annual Salary (Median) $118,900 Sign-on Bonus (Mean) $15,300 Sign-on Bonus (Mean) $26,500 Performance Bonus (Mean) $20,000 $120,700 $112,200 $28,100 $29,500 Performance Bonus (Mean) $28,900

ANNUAL SALARY ANNUAL SALARY SIGN-ON BONUS SIGN-ON BONUS RETAIL Annual Salary (Mean) $122,300 South America PACKAGE (MEAN) PACKAGE (MEDIAN) (MEAN) (MEDIAN) Annual Salary (Mean) $150,700 Annual Salary (Median) $126,000 Annual Salary (Median) $148,500

6 7 HEC PARIS MBA CAREER TRANSFORMATION HEC PARIS MBA 2018

CAREER SECTOR CHANGE Overall, a large number of HEC Paris MBA participants moved into the Consulting, Technology TRANSFORMATION and Healthcare sectors.

PRE-MBA POST-MBA

Consulting Consumer Goods Energy Hospitality 10% 10% 9% 2% FOR THE CLASS OF 2018 24% 8% 5% 1%

Financial Services Healthcare Govt./Not-for-profit Media/Entertainment 16% 5% 4% 2% 18% 10% 2% 2%

Transportation & 73% 72% 61% Manufacturing Retail Real Estate Logistic Services CHANGED CHANGED CHANGED 6% 5% 6% 5% SECTOR FUNCTION LOCATION 3% 5% 2% 3%

Technology Other Not available 12% 5% 3% 17% 0% 0% 74% CHANGED AT 39% LEAST TWO OF CHANGED FUNCTION CHANGE THESE THREE ALL THREE ELEMENTS

We saw a large number of students from the Class of 2018 take on Consulting positions, while many also took on leadership roles in General Management functions.

PRE-MBA POST-MBA

CAREER TRANSFORMATION Consulting Human Resources Information Technology 19% 0% 5% 25% 2% 4% 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 73 percent changing sector, 72 percent changing function Finance/ General Management Marketing & Sales and 61 percent changing their location. Nearly three-quarters of the class changed two of the three 12% 12% 16% elements, while 39 percent successfully made the “triple jump.” International mobility continued to be 17% 20% 11% a strong trend in our post-graduation placements, with 60 percent of the class securing employment outside of their home countries. Ops, Production, Logistics Other Not available 8% 25% 3% 9% 12% 0%

8 9 HEC PARIS MBA RECRUITER ACTIVITY HEC PARIS MBA 2018

RECRUITER ACTIVITY

TOP RECRUITERS “The HEC Paris MBA gave me the tools to dare to work in a different language, in a foreign country and in a new industry. My experience at HEC was key in helping me find the right fit for my career. This program gave me the flexibility to have an ideal SOURCE OF OPPORTUNITY return to work, with an internship during the program and a 60% SCHOOL FACILITATED OPPORTUNITIES 40% GRADUATE FACILITATED OPPORTUNITIES full time position right after it.” 13% 9% On-Campus HEC facilitated Internships Networking Viviana Arias Roda, MBA ’18 Interviews with which converted to full-time 73% HR Manager, Human Resources Recruiters Leadership Development Program, Online Postings Johnson and Johnson 24% 19% On-Campus Networking with Companies Previous Employer/Sponsored & Alumni 8% 54% MBA On-Campus Recruitment

10 11 HEC PARIS MBA CAREER CHOICES HEC PARIS MBA 2018

CAREER CHOICES FOR THE CLASS OF 2018

Rate Location

Employed at three months 93% Region

France 28% Sector Europe (Excluding France) 32% “What made the HEC Asia (including Australia) 22% Consulting 24% North America 8% Paris MBA stand out Financial Services 18% Latin America & Caribbean 5% was the classroom Technology 17% Middle East 5% experience – intimate, Healthcare 10% Consumer Packaged Goods 8% International Mobility thought provoking, and Energy 5% rich in debate. Students Retail 5% Working outside their home country 60% hail from a diverse set of Transportation & Logistic Services 3% as percentage of total Class Manufacturing 3% backgrounds, industries, Working outside France 72% Real Estate 2% as percentage of total Class and geographies, and Media/Entertainment 2% Government 1% those differences challenge Hospitality 1% your assumptions and Not for Profit 1% opinions. Being adaptable is essential in the modern Function workplace and I carry this

Consulting 25% training forward from the General Management 20% MBA program.” Finance/Accounting 17% Marketing and Sales 11% Siddharth Gurnani, MBA ’18 Human Resources 2% HR Manager, American Express Information Technology 4% Operations/Production/Logistics 9% Other 12%

12 13 HEC PARIS MBA REGION ANALYSIS HEC PARIS MBA 2018

REGION ANALYSIS

MOBILITY 60% OF GRADUATES “The HEC Paris MBA SECURED EMPLOYMENT OUTSIDE OF THEIR allowed me not only to HOME COUNTRIES acquire or deepen the core skills essential for transitioning into the field REGIONS of consulting in operational efficiency, but also to The percentages of non-French finding jobs in France, and non-Europeans finding jobs in Europe were discover various industries 74 percent and 50 percent of the placement rates in these regions. through the many events and meetings taking place JOB LOCATION on campus (forums, club events, certificates, etc.). 32% EUROPE Additionally, being a 22% truly international MBA 8% 28% ASIA** NORTH AMERICA FRANCE 5% provides the soft skills needed to work smoothly in a global environment while understanding cultural differences.” 5% AFRICA LATIN AMERICA* Flore Poughon, MBA ’18 Advisory & Transformation senior advisor, BNP Paribas - CIB

*And Caribbean ** Including Australia

14 15 HEC PARIS MBA COMPANIES WHO RECRUITED FROM HEC PARIS MBA 2018 THE CLASS OF 2018

The following list includes companies that offered at least one full-time position, as well as those that had internship positions accepted.

A Covivio H N Swatch Group A.T. Kearney Coca-cola HCA Healthcare UK Natixis* Synpulse ANA Holdings Inc. Conti Advanced Business Learning Hartree Partners, LP Nature’s Flowers Systra AVEVA Coty Head-On Computer Systems Ltd. Navabi GmbH AXA Credit Suisse Henkel Neptune Energy “The MBA gave me access Abbott Crown Holdings, Inc. Hilti Group Nike T ABN AMRO CVA HVS Global Hospitality Services Nouvelles Donnes Tecnifibre to a very special, interesting * NOVAMINDS Tefen Management Consulting Actility SA Novartis Telefónica and diverse group of people: Adidas D I TNP Admiral Daanuu IAG The Flyways, Inc. Adobe Dassault Systèmes Iconen O The NPD Group the HEC alumni network. Advanced Blockchain Data Soluce IDEMIA Observia The Norinchukin Bank Alibaba Group Dataswati IFC OECD TIMAC AGRO International Being inspired by and AlixPartners DeepMind Imerys Orange* toBE marketing Alvarez & Marsal IN Consulting Oscar Health Total learning from them has Amadeus DENK PHARMA GmbH & Co. KG Infosys Osha Liang LLP Toyota Amazon Deutsche Bank ING Group OYO Tracr helped me in my first-year American Express DHL Consulting Invex Banco Tradelab Anglo American Didi Chuxing Ipsen Truffle Capital post-grad and, I’m sure, Archery Strategy Consulting Diaco SA IQVIA P, Q Tuttnauer Aresoft Information Technology Digitevent iReMMO Pace University will continue to do so for Arkwright consulting DIJIK Innovations IS Groupe Pala Investments Armani Disney Partners Group U my entire career. The other Artefact DOCOMO Digital Partners in Performance Uber Ashoka DS Avocats J Partnership Fund UBS AstraZeneca DuPont Sustainable Solutions Jkuat Nissin Foods Pathao UNESCO thing that has almost Atelier Choux DWS Group Johnson & Johnson PepsiCo Unifin * JR Capital Pernod Ricard Unilever surprised me is just how AVentures Capital Juva Santé Philips Urgo Group Away E Priceline.com relevant the casework and AXA* eBay Private Equity Real Estate AXYS Eco-Adapt K Procter & Gamble V/W course material is to top EIG Kantar Consulting PTOLEMUS Consulting Group Vente Privee/Veepee Elephants & Ventures KPMG* Puma Energy* Verizon Media (Oath) issues affecting business B Eli Lilly and Company Kyriba PwC* Virtuos China Ltd. Bain & Company* Enviva Partners, LP VMLY&R today. Analyzing and Bank Audi E.ON R Voltalia Bank of America Merrill Lynch Equanum L Renault-Nissan-Mitsubishi* Willis breaking-down problems Bank of Singapore Essilor Laboratoires Dermatologiques Rent-A-Car Wood Mackenzie Baron Philippe de Rothschild Estée Lauder d’Uriage Road Pictures BASF EY* Launchmetrics in the classroom prepared Berne Selection Laureate Education R&F Properties X/Y/Z BNP Paribas* L Capital RTL Group Yee Coffee me to do the same as a BrightSky Ventures F L.E.K. Consulting Yolkshire Brooks LINAGORA S YOOX Net-a-Porter Group at AlixPartners. BV Advisory Falabella L’Oréal* Safran Yseop Farfetch Loro Piana Sanofi Yves Saint Laurent Invaluable.” First Capital Securities Co. LVMH* SCG Advisory Zalando C Flyscribe Schaeffler Bio-Hybrid Zuoyouttang Technology Canaccord Genuity Group Inc. Fonterra M Schneider Electric* Zurich Insurance Group Care.com Forex Capital Markets Maiden Home SFR Zhuomo Melinda Aulie, MBA ’18 Cartier International Fosun International * Shanghai Chicmax Cosmetic Zoobashop Consultant, AlixPartners Celimene McKinsey & Company* Company Chanel Merck Shanghai Auto Space Investment Choice Capital G Mews Partners Consultant Co. Chung-I Business Co. GE Medical Systems Michelin* Shinhan Bank Citi GE Power Milestone Beverages Siemens Healthineers C.J. Segerstrom & Sons / Givaudan Ming Liu Group Simon-Kucher & Partners South Coast Plaza Globalpraxis Mingle Cultural Development Skintifique CDB Capital Co. Google MIVIK (BIMA) Smart CMA CGM* Gradian Health Systems Modong Culture & Media Société Générale* Gruppo Concorde spa Moët Hennessy Société des plastiques nobles GTA (SPN) Morgan Stanley Sodexo* S.T. Dupont *Corporate partners of HEC Paris

16 17 HEC PARIS MBA RECRUITING HEC PARIS MBA 2018

RECRUITING AND NETWORKING EVENTS The HEC Paris MBA lasts 16 months. There are two intakes, in September and January.

HEC Paris MBA Career Week: A week-long, on-campus event for companies recruiting specifically for Availability of September intake: MBA full-time positions (September). • Internships: HEC International Finance and Consulting Forums: On-campus networking and job-placement events - Summer internships from May to September for companies recruiting for the Financial Services and Consulting sectors (October and November). - Winter internships from January to April (of the following year) HEC Carrefours Career Fair: Started in 1985, the Carrefours Career Fair is the flagship career fair for • Full-time Positions: students from all programs across HEC (January). - Available from January (of the following year) HEC MBA Internship Day: MBA-specific event for companies recruiting internship positions (January/ February). - Graduation in June Sector-focused Career Fairs: Events held for companies recruiting or wanting to network with students Availability of January intake: specifically interested in their sectors, including Technology, Life Sciences and Impact, among others • Internships: (November-March). - Summer internships from July to September Region-focused Career Fairs: Events held focused on certain regions, including Germany, China, - Winter internships from January to April (of the following year) Luxembourg and Africa, among others (November-March). • Full-time Positions: MBA Retail & Luxury Fair: Event held for students specifically interested in Retail and Luxury (March). - Available from April (of the following year) Stand-alone individual presentations: Company presentations can occur anytime from throughout the year. - Graduation in June Career treks: Regional, national and international treks organized throughout the program to give students an insider’s view of companies within a specific sector. Club activities: HEC Paris MBA professional clubs aim to strengthen the relationship between the HEC Paris MBA community and specific sectors. They organize roundtable discussions, evening guest speakers, networking dinners with HEC Paris alumni, and so on. Job/internship postings: Job opportunities can be posted on our careers portal, free of charge. For more information, email [email protected]. “The MBA gave me all the tools I’ve needed–to excel at banking, to launch a VC TIMING AND AVAILABILITY syndicate, and to found two companies.”

When can you recruit? Jonathan Paulson, MBA ’18 In principle, recruitment is open year-round, with emphasis on the MBA recruiting cycles (September to Entrepreneur and Associate December for full-time placements and January to April for internships). This is the optimal period, as all Investment Banking, Deutsche Bank participants are on campus, and it fits with most companies’ recruitment schedules.

18 19 HEC PARIS MBA 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