Although known as a haven for FinTech professionals, LBS MBA attracted 38% of offers in Consulting, confirming the industry’s dominance in top schools. Interestingly, the entrepreneurial and regulatory ecosystem in London – a factor that made the city a leader in FinTech is also enabling start-ups in adjacent and traditional industries, as evident in the 6% of the LBS MBA students choosing a post-MBA role in Entrepreneurship.
Investment Banking was the beneficiary of the trend (rising by 2%), while Technology jobs fell (-3%) from the limited travel opportunities that were enforced by the Pandemic.
Private Equity offers (total mean salary of $213,322) at LBS MBA also stood out, although it is hard to compare with US schools as the remuneration for top Private Equity schools in the US are in the median while LBS publishes its remuneration in mean.
Investment Management – a dying industry/function among MBA graduates, saw a steady set of offers (4%) behind Harvard (8%) and tied with Columbia, Stanford, Booth, Wharton, and MIT Sloan.
In this in-depth analysis of the LBS MBA Employment trends and Salary for the 2021 Graduating Class, we cover:
• LBS MBA Salary by Industry (2021)
• LBS MBA Placement & Salary by Location (2021)
• LBS MBA Top Employers (2021)
• LBS MBA - Entrepreneurship (2021)
LBS MBA Salary by Industry (2021)
The Consulting, Technology and Finance trio is dominant at LBS. Consulting led with 38% of graduates hired by the industry, while the highest total mean salary secured by LBS MBAs were in Finance - Private equity ($213,322) and Investment Banking ($200,977).
Note: Mean salary might result in skewed performance data for LBS. US schools with median salaries offer an accurate reflection of the school’s brand and ROI.
Private equity professionals and investment bankers secured the highest bonuses of $88,053 and $73,707, respectively, followed by consulting at $49,865.
Fintech's presence was strong as an emerging industry, absorbing 5% of all hires, outshining Healthcare, Energy, and Retail, although the mean base salaries were the lowest – a data that indicate that offers were mostly with start-ups where typically salaries are lower, and equity stakes are higher.
| LBS MBA Salary by Industry | Percent Hired | Mean Base Salary | Mean Sign-On Bonus |
|---|---|---|---|
| Consulting | 38% | $116,323 | $49,865 |
| Technology (IT/Internet/eCommerce) | 16% | $106,000 | $35,000 |
| Private Equity | 8% | $125,269 | $88,053 |
| Investment Banking/Brokerage | 7% | $127,206 | $73,707 |
| Fintech | 5% | $105,000 | $18,667 |
LBS MBA Placement & Salary by Location (2021)
52% of the offers were in the UK. The remaining chose Asia (13%), Europe (10%), North America (9%), and Latin America (including the Caribbean) (9%).
North America had the highest mean base salaries on offer at $152,179, followed by the Middle East/Africa at $136,907 and Asia at $121,033. The mean sign-on bonus was the highest in Latin America/Caribbean at $68,649, followed by North America at $55,507 and Asia at $51,536.
LBS MBA Top Employers (2021)
McKinsey, BCG, and Bain were the top three employers at LBS while Amazon continued its presence at all top schools. Other firms in the top employer list include top Consulting firms, Technology giants, and a few Finance and Consumer Packaged goods firms.
| Rank | LBS MBA Top 9 Employers | No. of Hires |
|---|---|---|
| 1 | McKinsey & Company | 56 |
| 2 | Boston Consulting Group | 39 |
| 3 | Bain & Company | 34 |
| 4 | Amazon | 29 |
| 5 | Kearney | 7 |
| 6 | Deloitte Consulting | 5 |
| 6 | Strategy& | 5 |
| 6 | Credit Suisse | 5 |
| 6 | Morgan Stanley | 5 |
| 7 | Actis | 4 |
| 7 | American Express | 4 |
| 7 | 4 | |
| 8 | L.E.K. Consulting | 3 |
| 8 | Citi | 3 |
| 8 | Goldman Sachs | 3 |
| 8 | Stuart | 3 |
| 9 | Accenture | 2 |
| 9 | Plural Strategy | 2 |
| 9 | Barclays | 2 |
| 9 | Khwarizmi Ventures | 2 |
| 9 | Partners Group | 2 |
| 9 | PIMCO | 2 |
| 9 | cargo.one | 2 |
| 9 | Mastercard | 2 |
| 9 | Meta | 2 |
| 9 | Microsoft | 2 |
| 9 | RVU | 2 |
| 9 | Samsung Global Strategy Group | 2 |
| 9 | TikTok | 2 |
| 9 | Wipro | 2 |
| 9 | AB InBev | 2 |
| 9 | ConvaTec | 2 |
| 9 | Johnson & Johnson | 2 |
| 9 | Saudi Aramco | 2 |
LBS MBA - Entrepreneurship (2021)
6% of LBS graduates opted to start their own business, taking advantage of the exposure to London's entrepreneurial networks and broad industry knowledge. LBS did not provide details of the industry or sector. However, we can assume that the Fintech ecosystem took the lion’s share of the talent.
Related Services
• F1GMAT’s Career Planning Service
• F1GMAT’s Essay Review Service
Related Books
• F1GMAT’s LBS MBA Essay Guide
• F1GMAT’s Winning MBA Essay Guide (Includes LBS MBA Essay Tips and Samples)
Reference
