MBA Graduates 2011 2011 Employment Statistics. a World Of
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MBA Graduates 2011 2011 Employment Statistics. A World of Talent. INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 1 Contents From Career Services 2 Highlights of 2011 3 A World of Talent 4 Profile of 2011 INSEAD MBA graduates 6 Full-time jobs and compensation trends 8 • Overview 8 • Job locations 10 • Career changes 12 • Compensation trends by region and country 14 • Corporate Sectors 16 • Consulting 22 • Finance 26 Employers of 2011 INSEAD MBA graduates 30 • Top employers 30 • The INSEAD Partnership 31 • 2011 Recruiting Partners 32 Summer internships and compensation trends 36 • Companies which hired summer interns in 2011 40 A wide choice of recruiting methods 42 List of countries per region 46 2 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 3 From Career Services Highlights of 2011 A school that mirrors the INSEAD’s graduating classes were as In 2011, 82% of our graduates changed diverse as ever – with 86 nationalities, their career in terms of job function, global economy 33% women and an average of 5.5 years’ geography and/or industry (and experience across many sectors. 23% changed all three). Base salaries reflected the wide range of career After a year of record-breaking success In 2011 too, we did set one new record. A Graduates’ career destinations were as destinations and currencies – ranging in 2010, we watched the economic storm staggering 98% of graduates responded to diverse as their origins: 41% Western from €10,600 to €250,000. And though clouds gather over Europe in 2011 with our survey. Europe, 25% Asia Pacific (both roughly mean salaries decreased slightly across some trepidation. But the beauty of INSEAD the same as last year), 9% North America But, as ever, this report is really a testimony most sectors, mean sign-on bonuses is that it is a truly global school with truly (up from 8% last year), 7% Africa/ to the talent of INSEAD students, the were up slightly. global employment opportunities. While Middle East and 7% Latin America. The strength of our Corporate Partners and recruitment to Southern Europe fell, we most significant increases were in those Our targeted CV books continue to play the power of our global alumni network. saw a surge in the BRIC countries, a small opting for jobs in Brazil and India. an important role, as do our other recent We would like to thank them all for their increase in North America and stability in innovations, such as use of social media contribution to a near-record year in 2011. Western Europe. As a result, we were only Perhaps the most interesting increase, and support for student clubs’ “career just short of our 93% record – with 92% of however, was in the number of new INSEAD Career Services, treks”. These are just a few of the initiatives graduates reporting employment within 3 graduates starting their own company – that contributed to a successful year Europe & Asia Campuses months of graduation across 64 countries up from 3% in 2010 to 8% in 2011. This despite a challenging employment market. and 455 companies. reflects INSEAD’s strong reputation and range of activities in entrepreneurship Another global trend reflected in our – including, in 2012, the first statistics is the increased use of social “Entrepreneurial Careers Corner” at our media by all involved in the recruitment Career Fairs. process. In fact, we’re pleased to report, 92% of our Graduates Careers_insead@twitter is now avidly followed throughout the world! 2011 graduates starting own reported ventures rose employment from 3% to within 3 months 8% in 2011 4 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 5 A World of Talent One school, two campuses • The alumni network includes Chairmen, and two intakes CEOs, and other senior level directors The MBA programme runs in parallel on at a large number of global companies Our campuses in two campuses in Europe (Fontainebleau, including LVMH, L’Oréal, Power France) and Asia (Singapore). Two Corporation of Canada, Roche Holding Europe and Asia classes of approximately 500 participants Ltd, Danfoss, Statoil, Heineken, AON, graduate every year: in July and December Deutsche Bank, Goldman Sachs, BASF, provide graduates respectively. This gives employers the Sanofi-Aventis, McKinsey & Company, opportunity to recruit twice during the year. Rio Tinto, Siemens, Prudential Plc, with a global Lloyds Banking Group, Groupe Galeries The most international perspective Lafayette, L’Occitane International. business school If you are a recruiter looking for executives An intensive preparation for who are comfortable working across national a successful career and linguistic borders, both sensitive INSEAD graduates do not just offer recruiters to other cultures and proficient in local Participants are Over the latest business insights. They bring business practices, then it is only natural to stamina, teamwork, entrepreneurialism, proficient in partner with INSEAD. Our uniquely diverse organisational skills and effectiveness in the environment attracts young professionals face of pressure to the companies they join. with a solid international experience. They At INSEAD we develop the capacity to master 71% then learn from each other’s differences a large amount of material in a short period and similarities, as well as from our global 3+ of participants of time. In this high-pressure environment, curriculum and faculty, before moving on to we foster collaborative skills through group pursue careers throughout the world. languages on transfer between work in diverse teams. A first-class business school graduation campuses during • The one-year programme provides in- We attract some of the most talented and depth knowledge of conceptual models ambitious young professionals in the world. the year and analytical tools in Accounting, Drawn to the school by our world-class Entrepreneurship, Economics, Finance, faculty and unparalleled international alumni network, they leave INSEAD to create value Marketing, Organisational Behaviour and growth in companies across the globe. and Strategy. The top five The top five job • Average GMAT score (2011): 703 Dual-Degree Programme between nationalities destinations INSEAD and the John Hopkins • Major international rankings: regularly University Paul H. Nitze School of ranked in the top ten business schools Advanced International Studies (SAIS) worldwide since 2000; number 1 in The INSEAD-SAIS Dual-Degree Programme, launched in 2011, prepares students for <39% <44% Bloomberg Businessweek’s 2010 ranking of international business careers that combine international relations of total participants of total destinations schools (non US schools) number 2 and business administration. Students in Forbes’ ranking of one-year MBA admitted to both programmes are able programmes outside the US in 2011 and to complete the two degrees in two and a number 6 in the Financial Times’ Global half years, instead of three years required to complete the degrees separately, by MBA ranking in 2012 spending one and a half years at SAIS and one year at INSEAD. 6 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 7 Profile of 2011 INSEAD MBA Graduates Total number of Nationality MBA graduates: 1,009 Africa / Near / Middle East 11% Asia Pacifi c 26% Central / Eastern Europe 9% Latin America 7% North America 14% Gender Northern Europe 1% 33% Female Southern Europe 9% Western Europe 23% 67% Male Age < 26 years 6% 26 – 28 years 44% 29 – 31 years 38% > 31 years 12% Average: 29 years Work Experience 1 – 2 years 8% 3 – 5 years 36% 5 – 7 years 34% > 7 years 22% Average: 5.5 years Education Arts 4% Business 26% Economics 15% Engineering 33% Law / Political Sciences 7% Sciences 6% Other 9% 8 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 9 Full-time jobs and 2011 jobs by sector group compensation trends Consulting 39% Financial Services 23% Overview Consumer & Luxury Goods 10% Of the 1009 participants in the two How did they find their job? High-Tech / Telecommunications 9% classes which completed the INSEAD INSEAD facilitated activities MBA programme in July and December Manufacturing 4% Career Services / Alumni network 426 51% 2011, 992 (98%) responded to the Career Energy / Petroleum 3% Services survey and 24 reported not Summer job 33 4% having started their job search. Healthcare 3% Graduate facilitated activities Primary Industries 3% Of these 968 graduates actively looking Pre-INSEAD employer 179 21% for a job, 888 (92%) reported having Advertising / Publishing 1% Own contacts 136 16% received at least one job offer 3 months Construction 1% after graduation, 838 (87%) gave us Creating own company 64 8% Corporate Services 1% details of their career decision and 654 TOTAL 838 100% (67%) reported full salary information, Media / Entertainment 1% on which the salaries section of the Public Sector / Social Impact 1% following report is based. Travel / Leisure Services 1% By sector 2011 jobs by function Consulting 39% Consulting 40% Finance 18% Finance 23% General Management 12% Corporate Planning / Business Development 11% Marketing / Sales 8% Corporate Sectors 38% Other* 5% Rotational Programmes 3% Production / Operations Management 2% Sectors: comparison over 5 years Technology Management 1% Consulting Finance Corporate Sectors * includes: Accounting & Control, Communications/PR, Human Resource Management, Legal, Logistics & Purchasing, Project 2011 39% 23% 38% Management, Research & Development, and a further 3% who 2010 44% 20% 36% did not provide a category. 2009 39% 17% 44% 2008 42% 18% 40% 2007 39% 28% 33% Disclaimer: The information included in this report was provided by both MBA graduates and recruiters and has not been independently verifi ed. INSEAD Career Services gives no guarantee as to its accuracy. 10 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 11 Job Locations INSEAD’s reputation as “The Business The numbers recruited to Western School for the World” is built on the Europe and Latin America remained diversity of our graduates’ career stable in comparison with last year. A Companies in 64 countries destinations and the global reach of decrease in France was balanced by our alumni network – over 43,000 in increases in UK and Germany.