The London Business School’s 2020 MBA Employment Report has been released, opening a larger window on the international MBA community’s optimistic prospects and potential success. Ninety-one percent of LBS graduates received an offer within four months, and 90 percent accepted offers. Out of a class of 476, 29 are starting their own businesses.
“I am confident that having dealt with so much uncertainty over the last 12 months and having overcome so many challenges with such collaborative spirit, this group of successful students are prepared to kick-start their newfound professional careers with a fearless and selfless mindset that will serve them well in years to come,” said Christian Dummett, Head of the Career Centre in a statement issued inside the report.
Consulting remains the top industry for LBS MBAs with 40 percent of graduates entering the field this year. Technology has moved into second place with 28 percent beginning careers in this sector, representing a steady increase since 2016 and an 8 percent jump from last year. Twenty-one percent of the class moved into the finance industry. Just 4 percent of students went on to careers in consumer goods and retail and 3 percent chose the healthcare field.
International Placement and Salary Reporting
LBS 2020 MBAs are a diverse group that hailed from 60 countries and went to work in 39 different countries after graduation. Forty-two percent stayed in the UK to begin their careers. Sixteen percent moved into Asia, while 13 percent chose the US and Canada. Eleven percent went to other parts of Europe, 9 percent to Latin America, 6 percent to the Middle East, 2 percent to Oceania, and 1 percent to Africa.
Calculated in US dollars, the overall mean salary came to $106,220. The highest mean salary by industry was reported as $130,092 by those working in industrials, followed by private equity at $128,990. By region, mean salaries in the US and Canada reached $144,974, while the next highest mean salary by region was the Middle East, reported at $126,664.