The IESE MBA Employment Report for the Class of 2023 reflects a strong job placement rate, a diverse recruiting landscape, and high student satisfaction. Here are the key data points and insights from the report. Original article published hereKey Statistics- Job Placement: 94% landed a job within 3 months of graduation
- Recruiting Companies: 400+
- Student Satisfaction Average: 98%
- Highest Salary Increase: 144% (after 3 years of graduation, according to Financial Times 2022)
- Source of Opportunities: 66% from IESE Career Development Center & IESE Network
Full-Time Employment by Sector/ Function- Consulting Dominates: 47% of graduates secured roles in consulting firms, followed by Finance (24%). The significant representation of graduates in Diversified Industries (20%) and Technology (9%) sectors indicates the versatility of employment opportunities.
- Diversity in Functions: Here again, Consulting emerges as the most preferred function, with 49% of graduates opting for roles here. Finance follows closely behind, with 21% of graduates entering roles in this function. The distribution across other functions such as Corporate Management (16%), Marketing & Sales (8%), Operations & Logistics (3%), and Information Technology (1%) underscores the diverse career paths of IESE MBA graduates.
Full-Time Employment by Region- Strong Regional Focus: The data reveals a notable emphasis on regional employment, with Spain and Europe (excluding Spain) collectively accounting for nearly half of full-time employment opportunities (25% and 24%, respectively). This suggests a preference for candidates with regional ties or expertise.
- Growing Presence in Emerging Markets: Latin America (20%), Asia-Pacific (12%), and the Middle East (11%) collectively represent 43% of full-time employment opportunities, indicating a growing presence and demand for skilled professionals in these regions. This trend likely reflects the global expansion and diversification of industries and business opportunities.
- Limited Representation in North America and Oceania: Despite being major economic regions, North America and Oceania combined only make up 7% of full-time employment opportunities. This potentially suggests a lower demand for candidates in these regions, a higher level of competition from local talent pools or geographic preferences amongst the cohort.
Salary Details for the IESE MBA Class of 2023- Overall Averages: The average annual base salary for IESE MBA graduates is €99,500, with salaries ranging from €45,000 to €194,800. Additionally, the average other compensation stands at €66,900, with notable variations ranging from €3,000 to €361,700. This component includes bonuses, incentives, and other forms of supplementary income.
- Sectoral & Functional Averages: Consulting and Finance sectors offer the highest average annual base salaries, with Consulting leading at €108,100, followed closely by Finance at €92,200. The technology sector, while offering competitive salaries (mean salary €97,900), demonstrates a narrower range compared to Consulting and Finance, indicating a more standardized compensation structure within the industry. Functionally, Finance/Accounting and Management roles also offer competitive salaries, with average annual base salaries of €88,600 and €91,700, respectively.
- Regional Differences: North America offers the highest average base salary (€138,000), indicating lucrative opportunities in the region, followed by Europe (excl. Spain) with average of €99,500. Africa & Middle East Asia Pacific (€134,300) follows closely, with an impressive average base salary and substantial 'other compensation'. Spain, while offering comparatively lower average salaries (mean €74,700), provides a balance with a lower cost of living and a potentially enriching cultural experience.
Final ThoughtsHope this helps you get a glimpse of the employment scene at IESE MBA. The official report and statistics published on the IESE site can be found
here.
Feel free to reach out or comment if you have any thoughts/ questions.
Regards,
Arvind
Founder, admitStreet
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