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LBS’ London Campus
MBA salaries and offer rates have stabilized in 2022 at most leading business schools in the United States. However, recovery from the epidemic was slow for European schools; The latest evidence is INSEAD’s recently released employment report, which last week showed that average salaries for the new crop of graduates actually fell — a year-over-year anomaly at any elite B-school.
For inspiration, European B-schools can look to London Business School, where this month’s MBA Class of 2022 Employability Report showed that the job offer 90 days after graduation was an impressively high 94% (up from 93% last year). ) and job acceptance at 91%, down from 92%.
Other highlights of LBS include a big jump in average pay and continued demand for high-tech products. In US dollars, base salaries for LBS MBAs jumped to $124,822 on average, up 7.8% from the Class of 2020 and up 9% a year later. Consulting was again the top industry, with 37 percent of the segment finding work there and the average consulting salary growing more than 11% to $129,195.
Source: LBS
“Our students shine across the board.”
In the Class of 2022, 27 percent of reported finance salaries led all LBS MBAs to an average of $135,949, up more than 10% from last year. And with tech making up 29% of this year’s student output (up from 26% in 2021), average salaries rose 9.6% to $114,929 — though there’s been no shortage of jobs in the industry.
High salaries and other compensation were also impressive, with one person in investment management reporting a starting salary of $210,000. A consultant reported another comp of $530,400, and a technician in fintech reported another $368,812. See salary details in the table at the bottom of this page.
“We are delighted that 91% of our MBA 2022 graduates received job offers within three months of graduation,” said Christian Dummett, executive director of the LBS Career Center, for the new employment report Forward. “Last year was one of the toughest ever for business school graduates and we are proud that, despite these challenges, our students shone across the board.”
Source: LBS
More than 5% of the Class of 2022 are entrepreneurs.
Demand for the LBS MBA “continues to cross borders, sectors and markets,” Dummett added, with the Class of 2022 finding jobs in 40 locations around the world. The Class of 514 itself is made up of 65 nationalities and overwhelmingly chose to stay in the UK: 63% chose to start their post-MBA career there, he wrote. Another 7% found work in continental Europe, 7% in North America, 11% in Asia and 6% in the Middle East/Africa. More than half of the Class of 2022 changed locations (55%) or sectors (58%) and one-third (34%) changed both.
The top employers of LBS MBAs are MBA consulting firms: McKinsey 54, Boston Consulting Group 32, and Bain & Company 29. Amazon hired 25 this year.
Additionally, 28 of the Class of 2022 are “using the entrepreneurial skills they developed during their MBA to pursue their own businesses,” Dummett wrote.
“I am confident that this group of students will be more than prepared to begin their professional careers, having overcome many challenges during their program and overcome all challenges with this collaborative spirit,” he wrote.
Source: LBS
Don’t miss our report on last year’s LBS employment data
The post London Business School jobs report: Thrive in tough times appeared first on Poets and Coins.
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