When Construction, Education, Real Estate and Transportation are the only four industries to show positive growth in 2013 compared to 2012, 96% of the 2013 LBS MBA class having an offer in hand within 3-months of graduation is an impressive feat. If you want to test the brand value of an MBA program, compare the placement trends in a negative growth year.
Post-MBA Employment Sectors
London Business School has chosen to use the terminology “Corporate sector” for recruiters that do not come under Consulting and Finance. 43% of the 2013 MBA class chose corporate sector, even taking over Finance (28%) and consulting (29%). But if you dissect the Corporate sector, you will see that Amazon and Google were the largest recruiters, followed by Shell, American Express and Microsoft; not the traditional corporate sector that you expect. E-Commerce/IT and Telecommunication made a big comeback in 2013-14.
Finance has been losing ground in London Business School for the past five years. The financial downturn of 2008 had a permanent scar on the demand for Finance job openings with pre-crash (2008) showing 45% of the class opting for Finance jobs to the 2013 data showing the lowest percentage of the class (28%) accepting offers in the Finance industry.
The percentage opting for an industry reveals little information about the sector that is in demand, especially since over 50% of the MBA class was career switchers. Even if it is not the same group of professionals, pre-MBA profile of the class shows that the class was comprised of candidates from Corporate Sectors (45%), Finance (30%) and Consulting (25%). Only consulting industry demonstrated an increase in demand from 25% to 28%.
If you ignore this trend and look at the percentage switch in each industry: 15.95% out of 29% of the MBA class choosing consulting were career switchers, compared to 19.78% out of 43% for Corporate, and 15.12% out of 28% for Finance. Finance is an overwhelming favorite for Career Switchers even if the total percentage of the class opting for Finance has gone down.
Career Service team’s Effectiveness
Career Service team’s effectiveness is one factor that MBA aspirants should evaluate before shortlisting an MBA program. London Business School career service team had improved the percentage job offers facilitated by their effort to 68% in 2013 from 59% in 2012. The effort was materialized through on-campus presentation, CV Book, fairs, job posting and other networking events.
The overall median base salary for LBS MBA graduates was at $112,000 with consulting fetching the maximum at $119,539, followed by corporate sector at $108,635 and finally Finance at $106,235. If you want to learn how to calculate return on investment considering future cash flow, read our chapter about Calculating MBA Return on investment where we compare MIT Sloan vs. Stanford MBA over a 5-year period. The LBS MBA Employment report uses an exchange rate of 1.514002 Dollar for 1 Pound.
If you look at Global Mobility and compensation, the Middle East fetched the best compensation for an LBS MBA candidate with a median salary of $130,001 followed Australasia at $121,347 and US/Canada at $120,000.
The major recruiters in consulting were McKinsey & Company, The Boston Consulting Group, Bain & Company, Booz & Company, A.T. Kearney and L.E.K. Consulting.
In Finance, the leading recruiters were Citibank, HSBC, Credit Suisse, J.P. Morgan and Bank of America Merrill Lynch.
In the corporate sector, the recruiters that offered the most job offers were Amazon, Google, Shell, American Express, and Microsoft.
1) For the 2013 MBA class, 96% found employment within three months of graduation
2) 43% of the class accepted offers in the Corporate Sector
3) Post-MBA Median Base Salary for the class of 2013 was $112,000 - $2000 more than 2012.
Download LBS MBA Employment Report 2013 for Details
2019 MBA Research Guide - Choose your MBA
F1GMAT's Comprehensive MBA Research Guide will teach you how to select MBA programs through a bottom-up approach.
Articulating your Post-MBA Goals and Career Path is the FIRST step. Which program will give you that hike in Salary, Switch in Career, Change in Location or Job Satisfaction?
We cover them all through our extensive analysis.
+ How to Choose the Best MBA Program: Factors to Consider
Define Post-MBA Goals
Pick your Path: Generalize or Specialize
Use Moral Algebra Method
Use Multi-Attribute Utility Theory
Understand the Top 5 Risks
Measure MBA Career Service Team's Effectiveness
Use Bookending to Calculate MBA Admission Chance
Use Net Present Value to Calculate MBA Return on Investment
Don't Fall for the Mere Exposure Effect
Best Practices to find the truth in MBA Information Session or MBA Tour
Comprehensive MBA Research Guide: Includes Top MBA Programs by 19 Specializations:
+ General Management
+ Operations Management
+ Supply Chain Management
+ Luxury Management
+ Information Systems
+ Hospitality Management
+ Leadership Development
+ Military &
+ Top MBA Program Ranking
Top 20 MBA Programs - Tuition Fee (2018)
Top 31 MBA Programs in United States – Total Cost & Salary (2017)
Top 60 MBA – GMAT and GPA (Average & Median)
Top 20 European MBA Programs - Tuition Fee, Total Cost & Salary
Top 20 European MBA Programs (Based on Actual Salary Increase)
Top 20 European MBA Programs (Short-term return on investment)
Top 20 Affordable European MBA Programs
Top 10 MBA in UK – Salary & Fee (2018)
Top MBA Destinations Based on Happiness Index
Top MBA Destinations based on Innovation Index
Top 10 MBA Job Markets based on Cost of living and Purchasing Power
Top MBA Destination: By Economy
+Comparisons - Top MBA Programs
Wharton vs. Columbia MBA (2018)
MIT vs. Stanford MBA (2017)
Haas vs. Ross MBA (2018)
Kellogg vs Ross MBA
Booth vs Wharton MBA
MIT Sloan vs Tuck MBA
IMD vs. INSEAD MBA (2017)
IIMA vs. ISB (2017)
+ MBA in France (2018)
Top Industries in France
Top MBA Programs in France
+ MBA in the UK (2018)
Top Industries in the UK
Top MBA Programs in the UK
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