In the three-part series on London Business School MBA Salary, we start with LBS MBA Salary and placement trends by industry.
Consulting industry with 45% placement, stands out as the most popular industry among LBS MBA graduates of 2023. The hiring rate for the LBS Consulting sector is higher than all the M7 schools, but the mean salary for Consulting roles, $164,728, is $26,000 behind the average of top US MBAs, i.e., $190,000.
LBS also offers an additional compensation averaging $76,274, reflecting the high demand for consulting expertise.
The Finance industry at second place attracts 26% of LBS graduates, encompassing roles in Investment Banking, Private Equity, and Investment Management. The mean salary for finance roles is $153,535, with additional compensation averaging $100,534.
7% of graduates secure positions in Investment Banking, focusing on capital raising, mergers and acquisitions, and financial advisory services. These roles demand strong analytical skills, financial acumen, and the ability to thrive in fast-paced environments. The mean salary for Investment Banking roles is $157,973, with additional compensation averaging $109,233, the second-highest compensation behind the Energy Industry.
7% of graduates enter the Private Equity sector, with responsibilities in sourcing, evaluating, and managing investments in privately held companies. The mean salary for private equity roles is $140,712, with additional compensation averaging $108,193 – a package similar to IB in total compensation range.
5% of graduates pursue careers in Investment Management, focusing on portfolio management, asset allocation, and financial analysis. The mean salary for Investment Management roles is $171,055, with additional compensation averaging $96,698.
4% of graduates venture into the world of Venture Capital, involved in identifying and investing in early-stage companies with high growth potential. The mean salary for venture capital roles is $126,404, with additional compensation averaging $74,012.
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Investment Management led on mean and total salary, with IB and PE earning similar total compensation while VC was last.
Among the Technology industry offers, traditional Information Technology and Services took a surprising lead at 6%, FinTech was 2nd at 5% while Internet/E-Commerce was third at 4% of the total placements.
21% of graduates found opportunities in the Technology sector, encompassing roles in Information Technology, Fintech, and Internet/E-Commerce. The mean salary for Technology roles is $137,867, with additional compensation averaging $44,806.
Internet/E-Commerce offered a mean salary of $132,555 and an additional compensation averaging $51,473.
FinTech, securing 5% of graduates, boasts a mean salary of $132,528, with additional compensation averaging $46,952.
Information Technology and Services, representing 6% of placements, provide a mean salary of $137,270 – the highest among Technology sub-sectors and when added with a guaranteed compensation of $45,599 had similar compensation as FinTech and Internet/E-Commerce.
Despite a 2% of hiring rate, Energy remains a vital industry for LBS graduates, with a mean salary of $177,318 and additional compensation averaging $125,381. This sector encompasses traditional energy sources such as oil, gas, and coal, as well as renewable energy technologies - solar, wind, and hydroelectric power.
2% of graduates find their niche in the Industrials sector, which encompasses a diverse range of industries such as Manufacturing, Aerospace, Defense, Engineering, and Logistics.
With the highest mean salary of $181,235 and additional compensation averaging $75,336, roles in the Industrials sector reflect the demand for skilled professionals, attracting a smaller yet significant percentage of LBS graduates.
2% of LBS graduates pursue careers in the Consumer & Retail sector, which encompasses businesses involved in the production, distribution, and sale of consumer goods and services with a mean salary of $159,662 and additional compensation averaging $61,179. Amazon’s omnipresence in T20 MBA programs, including LBS, was influential in attracting such attractive offers.
Finance and Technology – Equally Strong at London Business School – Consulting Dominates
In terms of hiring rates, Consulting emerged as the top industry, followed closely by Finance and Technology. Categorizing FinTech under Technology could be a reason for the 20% plus representation - a contrarian trend to the slowdown of Technology offers experienced in Top 20 MBA programs.
Low Representation High Salary Industries at London Business School MBA program
However, when considering mean salary statistics, roles in Industrials, Energy, and Investment Management, respectively stand out as the most financially rewarding.
LBS MBA: Salary Statistics (By Industry for 2023 Graduating Class)
| Industry | Percent Hired | Mean Salary (In International Dollars) | Other Compensation (In International Dollars) |
| Consulting | 45% | $164,728 | $76,274 |
| Finance | 26% | $153,535 | $100,534 |
| Investment Banking | 7% | $157,973 | $109,233 |
| Private Equity | 7% | $140,712 | $108,193 |
| Investment Management | 5% | $171,055 | $96,698 |
| Venture Capitals | 4% | $126,404 | $74,012 |
| Technology | 21% | $137,867 | $44,806 |
| Information Technology and Services | 6% | $137,270 | $45,599 |
| FinTech | 5% | $132,528 | $46,952 |
| Internet/E-Commerce | 4% | $132,555 | $51,473 |
| Energy | 2% | $177,318 | $125,381 |
| Industrials | 2% | $181,235 | $75,336 |
| Consumer & Retail | 2% | $159,662 | $61,179 |
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3-Part Series: LBS MBA Salary 2023 (You are reading the 1st Part of the LBS MBA Salary and Placements - By Industry for 2023)
