London Business School Jobs Report: Shining In Tough Times

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by Anna Munhin Feb 7, 2023 News
London Business School Jobs Report: Shining In Tough Times

Poets & QuantsPoets & Quants
London Business School Jobs Report: Shining In Tough Times

The London campus of the company.

Most of the leading business schools in the United States have MBA salaries and job offer rates that don't change much. The employment report from INSEAD, which was released last week, shows that average salaries for the newest crop of graduates at elite B-school declined for the first time in years.

If European B-schools want to be inspired, they can look to London Business School, which recently released a report showing that job offers 90 days after graduation were up from last year.

There has been a big jump in average pay and demand for tech grads. The average base salary for the Class of 2020 was $124,822, up 9% from the previous year. 42% of the class found work in consulting, and the average consulting salary grew more than 10% to $129,195.

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‘OUR STUDENTS SHONE ACROSS THE BOARD’

Finance salaries, reported by 27% of the Class of 2022, were up more than 10% from last year. Despite a perceived implosion in the industry, the average salary in tech rose 9.6% to $114k.

A starting salary of $210,000 was reported by a person in investment management. A consultant and a techie both reported other comps of $530,400. There is a table at the bottom of the page.

In a forward to the new employment report, Christian Dummett, executive director of the Career Centre, said that 91% of the graduates accepted job offers within three months of graduating. The last year has been one of the toughest on record for business school graduates and we are proud that our students excelled despite these challenges.

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MORE THAN 5% OF 2022 CLASS ARE ENTREPRENEURS

The class of 2022 is looking for jobs in 40 different locations around the world. He writes that the class of 514, made up of 65 nationalities, overwhelmingly chose to stay in the UK. In addition to continental Europe, North America, Asia, and the Middle East/ Africa, another 7% found work. One third of the class switched both locations.

McKinsey, Boston consulting Group, and Bain & Company are some of the top employers of LBSMBAs. The top tech recruiters are Amazon and Microsoft.

The entrepreneurial skills developed during theirMBA are being used by 28 of the Class of 2022.

He writes that the group of students are more than prepared to kick-start their professional careers, having dealt with so much uncertainty during their program.

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We have a report on last year's employment data.

The post London Business School Jobs Report appeared first on Poets&Quants.

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