Master in Finance Career Report 2017 1

MASTER IN FINANCE CAREER REPORT 2017 1. FACTS AND TRENDS

8 2017 2017

IE Business School’s Master in Finance students secured positions in the With regards to regions, the Master in Finance graduates are based mostly leading financial services and consulting firms on a global level, as reflected in Europe (91%), with the rest being distributed between Asia (4%) and in this 2017 Career Report. North America (5%).

This is the result of our students being well-equipped with the necessary These recent graduates joined the community of more than 60,000 IE skills and know-how to successfully carry out finance roles with maximum alumni who are based in more than 167 countries, both in public and effectiveness, efficiency and professionalism, as well as the ability to apply private sectors and all types of industries, with the aim of creating value finance functions to create corporate and social value. for their communities.

The Master in Finance’s unique program characteristics, such as a design These outstanding placement figures were also achieved as we are closely that limits time away from the workplace while providing a well-rounded aligned to professional practice, given that more than 90% of our world- approach to the financial world, and a focus on niche areas such as FinTech, class faculty are practitioners working in top finance positions. Islamic Finance or Microfinance, have resulted in more than 91% of our students securing employment within 3 months of graduation. Out of this Click to discover the Master in Finance percentage, a substantial number of students accepted jobs in Financial Services (80%), Consulting (18%) and other industries (2%). These excellent figures are achieved as we go beyond academic excellence to include global networking, appealing final e xam options and the use of an eminently practical approach, combined with an innovative learning methodology.

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2. PROFILE OF GRADUATES

Average GMAT

682 3 13 Top GMAT 760 average languages spoken students worked in asset management before IE 30% GMAT takers

≥700

GMAT

82%

CFA/CAIA certificate holders % % 45 56 18% Students studied undergraduate degrees students worked in Finance outside of their home country industry before IE

3 2.1 CLASS PROFILE & ACADEMIC BACKGROUND

54% 19% 16%

6 Business Economics Engineering 84 30 23 months

Students Nationalities Average age Average work experience 5% 4% 2%

GEOGRAPHIC DISTRIBUTION Sciences Social Sciences Law

ACADEMIC BACKGROUND

EUROPE NOVA School of Business and Economics,Universiteit Antwerpen, City University London, University of Warwick, Università Commerciale Luigi Bocconi, Universidad Autónoma de Madrid, Universidad Politécnica de Madrid, Imperial College Lond0n, Universidad de Granada, University of Mannheim, Munich Business School, Zurich University of Applied Sciences, Edhec Business School.

NORTH AMERICA Bentley University, Ohio State University, McGill University, Western North Latin Middle East Asia University, UBC, Northeastern University, Concordia University, HEC America America Spain Europe & Africa Pacific Montreal. 16% 3% 12% 49% 6% 14% ASIA PACIFIC Vellore Institute of Technology, University of Delhi, UNSW Australia, COUNTRIES REPRESENTED Henan University of Science & Technology, Australian National University. Australia, Belgium, Brazil, Canada, China, France, Germany, Greece, India, Italy, MIDDLE EAST & AFRICA Ireland, Lebanon, Morocco, Netherlands, Paraguay, Peru, Poland, Portugal, Russia, Saudi Arabia, Serbia, Switzerland, UK, US, Ukraine, Venezuela, Vietnam. NYU Abu Dhabi, King Fahd University of Petroleum & Minerals.

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2.2 PROFESSIONAL BACKGROUND

FINANCE 34% 17% 16% SECTOR

Rothschild, Goldman Sachs AG, JP Morgan Chase, Morgan Stanley, Bank of America Merrill Lynch, Bank of Beijing, Allianz Investment Recent Graduates Asset Investment Management, Banco de México, La Caixa, Banque Transatlantique, BBVA, Management Banking BNP Paribas, Credicorp Capital Perú, Banco Santander, Deutsche Bank AG, Gazprombank, Novikom Bank, PricewaterhouseCoopers AG, HSBC, Citibank, Standard & Chartered Bank, Mastercard, Natixis CIB, Credit Agricole CIB, Santander Securities, UBS.

% % % 13 12 6 OTHER SECTORS

Consulting Industry Finance & Audi, BCG, Deloitte & Touche, British American Tobacco, GE, EY, Indra, accounting KPMG, Versace.

Financial Boutiques

5 3. INTERNATIONAL EMPLOYMENT STATISTICS

CAREER REPORT-CLASS OF 2017

85% 81 Percentage Total students of students represented in this Career Report SEEKING EMPLOYMENT

93% Students seeking jobs 7% Students not seeking jobs

SITUATION 3 MONTHS AFTER GRADUATION

91% Students working 9% Students not working

EMPLOYMENT BY INDUSTRY

80% Financial Services 18% Consulting 2% Other industries

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INDUSTRY BREAKDOWN

7% Asset Management 64% Investment Banking 4% VC/PE 4% Sales & Trading 2% Fintech 18% Consulting 2% Industry

PLACEMENT BY REGION

84% Europe (EU)

7% Europe (Non EU)

4% Asia

5% North America

AVERAGE SALARY IN EUROS 51,250 €

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4. RECRUITING COMPANIES

0-9 B Commerzbank AG 3i Group BLC Bain & Company Corecam Investment Group A Banco Central de Reserva del Perú CPR Asset Management A.T. Kearney Banco Santander Credit Suisse Abertis Bank of America Merrill Lynch Crest Wealth Management Private Limited ABN AMRO Bank of England Cushman & Wakefield Advantea Global Services Barber Hauler Capital Advisers CW Downer AdviCorp Barclays D AFS Finance Advisors BBVA d’Angelin & Co Al Khaliji Group Beta Capital Management Deloitte Alantra BlackRock Deutsche Bank Alfa-Bank Blackwood Capital Group Devoteam Allianz Global Investors BNP Duff & Phelps BNP Paribas Analyst Research LLP E Boston Consulting Group AON EY APG Asset Management Burger King Buysse & Partners Earlybird Venture Capital Arcano Edmond de Rothschild C Ardian EDP Renewables Arma Partners Cambridge Associates EFG Asset Management Artá Capital Capgemini Consulting Emirates Reit Arthur D Little Cartesio Inversiones European Commission ATON CASE Corporate Finance Evercore Auriga Global Investors Citi Axon Partners Group Colombia Capital

NOTE: Companies that have hired students from the Master in Finance Programs for the last seven intakes

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F I L F50 IBM Lazard Finae & Partners ICBC Bank Lepe Partners Financial Conduct Authority IDFC Capital LFS Financial Systems First Derivatives iEurope Capital LLC Lloyds TSB FlexFund Exchange Traded Products IKB Deutsche Industriebank Lomond Industrier AB Fosun Group IKEA London Stock Exchange G Indra Lóreal General Electric Infoline M Generali Investments Europe ING Investment Management Macquarie Goldman Sachs Intesa Sanpaolo Management Solutions Golomtbank Investec Asset Management Marigny Capital Grant Thornton J McKinsey & Company GSF Capital J.P. Morgan Mediobanca SpA H Jefferies MENA Capital Hipoges Asset Management Jones Lang LaSalle MIELE & CIE. KG Holding Italiana Quattordicesima K Mirai Risk Horizon Capital K.P. Kauffman Company Mitsubishi UFJ Trust International Houlihan Lokey KB Publikum Invest Moelis & Company HSBC Kempen Capital Management Montalban Atlas Capital Kenmos Technology Co Moody’s Corp Keyera Corp. Morgan Stanley KPMG Morningstar Kriscore Financial Advisors MSCI

NOTE: Companies that have hired students from the Master in Finance Programs for the last seven intakes

9 Master in Finance

4. RECRUITING COMPANIES

MUFG Securities R T Mumbai Angels R&S Investment & Advisory Telefonica Europe N R.W. Pressprich & Co The Bank of Tokyo-Mitsubishi UFJ National Bank of Canada Rabobank Thesan Capital Natixis Reinassance Capital Tishman Speyer Net Present Value S Trinity Holdings Netvalue Financial Advisors Samsung Fire & Marine Insurance Trinnacle Fund Nomura Sanitas U P Santander Asset Management UBS P&G Seabird Capital Unicredit PAI Partners Seaborne Capital Advisors Unilever Parthenon Group Selinca UOB Asset Management Partners Group SK Energy V Perenia Carbon Asset Management SK Telecom Valores Bancolombia Pictet Group Société Générale Vinci Partners Piramal Group Solactive AG VTB Capital ST Microelectronics Protiviti Consulting Middle East Limited W PwC Stanbury Holdings Standard Chartered Wallis Investment, Consulting and Asset Management Q Stern Stewart & Co Wavestone Quilvest Private Equity StormHarbour Securities William Blair SunEdison X S&P X-Trade brokers DM

NOTE: Companies that have hired students from the Master in Finance Programs for the last seven intakes

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