The new MBA employment report from the London Business School is out.
It shows that the bottom has not fallen out of financial services MBA recruitment. Au contraire, there’s still quite a lot of hiring going on.
This is the first time for a while that more LBS MBAs have gone into consulting than financial services, but financial services remains a big hirer. 36% of this year’s graduates went into consulting. 34% went into finance.
Of those going into finance, 56 went into investment banking; 28 went into private equity; 24 went into hedge funds
If you want to use an MBA t get into finance, it will help if you've come from finance. 60% of LBS MBAs who went into financial services came from financial services in 2011. Last year, 55% did.
Mean pay for LBS MBAs going into finance this year was £139k; median pay was £129k.
Mean pay for LBS MBAs going into corporates was £102k; median pay was £99k.
Mean pay for LBS MBAs going into consulting was £104k, median pay was £100k.
There was an unusual degree of consistency between the mean and median first year bonuses for MBAs in financial services. £40k is the norm.
The worst paid LBS MBA going into the corporate sector earned just £13k. The best paid earned £496k
The worst paid earned £60k.
Median pay was £118k in Latin America, £100k in theUK, £96k in Asia and £100k inEurope. Figures will have been influenced by exchange rate effects.
86% of LBS MBAs got jobs through the careers service, networking, club fairs or alumni. A mere 1% got jobs as a result of cold calling or sending out speculative letters.
The list of 2011 employers includes:
Almaz Capital Partners (an Eastern European and CIS funds company)
Boubyan Capital (a Shariah compliant investment company)
Coller Capital (a London private equity fund)
Finisterre Capital (an emerging markets hedge fund)
Greenpark Capital (a secondary private equity fund)
LMS Capital. (A London private equity fund)
LNG Capital (A London-based credit hedge fund)
Better Capital (Jon Moulton’s private equity fund)
That these funds have been hiring MBAs could be taken as an indication that they might want to hire other junior staff too.
As well as the usual suspects, LBS MBAs have also been hired by: Jefferies, Bank of China, Glencore, the FSA, Google and Facebook.