Forum Home > GMAT > Quantitative > Problem Solving (PS)
Events & Promotions
|
|
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Jan 2508:00 PM PST
-09:00 PM PST
Inquire for a free profile evaluation and guarantee statement for possible admits and scholarships!
Jan 2708:30 AM EST
-09:30 AM EST
Meet Tuck at an informal student or staff-hosted coffee chat in a city near you!
Jan 2908:00 AM PST
-10:00 AM PST
Welcome to the GMAT Club's Free Interview Prep Event for Top 15 MBA Programs! Are you ready to take the next step in your academic and professional journey?
admitStreet
Joined: 14 Mar 2023
Last visit: 25 Jan 2025
Posts: 1,277
Own Kudos:
Given Kudos: 9
Location: India
Concentration: Strategy, Finance
Schools: HEC Jan 2018 Intake (A$) ISB '19 (A)
WE:Management Consulting (Consulting)
14 Feb 2024, 03:15
Kudos
Bookmarks
LBS recently released their 2023 MBA Employment report. I've analyzed it and noted down 5 key takeaways below.
As a baseline, the 2023 LBS MBA class size was 512 students, with an average 5.6 years work-ex pre-MBA.
(original article published on the admitStreet blog)
1. Snapshot, Career Switches
- 90% grads accepted an offer within three months of graduation, 91% received an offer within three months of graduation, 85% that accepted an offer received other compensation/bonuses, and 37 graduates were self-employed or started their own business.
- 366 Companies Hired LBS MBA Class of 2023 students for post-MBA positions.- 50% of graduates switched location, 55% switched sectors, and 30% switched location and sector upon graduation.
2. Sectoral & Geographic Splits
- The LBS MBA Class of 2023 witnessed a range of career paths, with 45% venturing into Consulting, 26% into Finance, 21% into Technology, 7% each into Investment Banking & Private Equity, 5% into Investment Management, 4% each into Venture Capital & Internet/ e-commerce, among others.
- 55% found a role in the UK, 12% in Asia, 10% in North America, 8% in Europe (exc. UK), 7% each in Latam & Africa/ Middle-East and 1% in Ocenia.
3. Salary by Industry
- In terms of compensation, the mean overall salary stood at £99,333.
- Consulting and Finance led the way with £104,427 and £100,268 mean salaries, respectively. The Technology sector followed closely with a mean salary of £90,240.
4. Top Employers
- In terms of # of hires, MBB i.e. Mckinsey, BCG and Bain were the top-3 employers with 64, 37 and 35 hires respectively. This was followed by other consulting firms including Deloitte, Keraney, Accenture, Strategy&, LEK etc.
- Within Finance, top employers included Morgan Stanley (5 hires), Goldman Sachs (4), PIMCO (3), Brookfield Asset Management (2), Citi (2), Financial Technology Partners (2) among others.
- In the tech side, top employers were Amazon (14 hires), Wipro (4), Mastercard (3), American Express (2), Tiktok (2), Liberty Global (2) among others.
- Within the "Diversified" sector, Saudi Aramco (3 hires), Eli Lilly & Co (2) and Vitol Group (2) were the top employers of LBS MBA grads.
5. Entrepreneurship
- 37 (i.e ~7%) MBA 2023 grads went on to become Entrepreneurs.
- 35% of them founded a company in the Technology sector (covering IT & Services, Climate-tech, Edtech, Fintech, e-commerce), followed by 21% in Finance, 15% in Consumer & Retail, 12% in Industrials, 6% in Healthcare among others.
- Geographically, 44% of the entrepreneurs decided to base their companies in the UK, 36% in South Asia, 12% in North America, and 4% each in Africa/ Middle-East & SE/ E Asia.
Hope this helps provide a glimpse of the employment scene at the LBS MBA!
Regards,
Arvind
Founder, admitStreet
W: https://admitstreet.com | LinkedIn | E: consultingteam@admitstreet.com
As a baseline, the 2023 LBS MBA class size was 512 students, with an average 5.6 years work-ex pre-MBA.
(original article published on the admitStreet blog)
1. Snapshot, Career Switches
- 90% grads accepted an offer within three months of graduation, 91% received an offer within three months of graduation, 85% that accepted an offer received other compensation/bonuses, and 37 graduates were self-employed or started their own business.
- 366 Companies Hired LBS MBA Class of 2023 students for post-MBA positions.- 50% of graduates switched location, 55% switched sectors, and 30% switched location and sector upon graduation.
2. Sectoral & Geographic Splits
- The LBS MBA Class of 2023 witnessed a range of career paths, with 45% venturing into Consulting, 26% into Finance, 21% into Technology, 7% each into Investment Banking & Private Equity, 5% into Investment Management, 4% each into Venture Capital & Internet/ e-commerce, among others.
- 55% found a role in the UK, 12% in Asia, 10% in North America, 8% in Europe (exc. UK), 7% each in Latam & Africa/ Middle-East and 1% in Ocenia.
3. Salary by Industry
- In terms of compensation, the mean overall salary stood at £99,333.
- Consulting and Finance led the way with £104,427 and £100,268 mean salaries, respectively. The Technology sector followed closely with a mean salary of £90,240.
4. Top Employers
- In terms of # of hires, MBB i.e. Mckinsey, BCG and Bain were the top-3 employers with 64, 37 and 35 hires respectively. This was followed by other consulting firms including Deloitte, Keraney, Accenture, Strategy&, LEK etc.
- Within Finance, top employers included Morgan Stanley (5 hires), Goldman Sachs (4), PIMCO (3), Brookfield Asset Management (2), Citi (2), Financial Technology Partners (2) among others.
- In the tech side, top employers were Amazon (14 hires), Wipro (4), Mastercard (3), American Express (2), Tiktok (2), Liberty Global (2) among others.
- Within the "Diversified" sector, Saudi Aramco (3 hires), Eli Lilly & Co (2) and Vitol Group (2) were the top employers of LBS MBA grads.
5. Entrepreneurship
- 37 (i.e ~7%) MBA 2023 grads went on to become Entrepreneurs.
- 35% of them founded a company in the Technology sector (covering IT & Services, Climate-tech, Edtech, Fintech, e-commerce), followed by 21% in Finance, 15% in Consumer & Retail, 12% in Industrials, 6% in Healthcare among others.
- Geographically, 44% of the entrepreneurs decided to base their companies in the UK, 36% in South Asia, 12% in North America, and 4% each in Africa/ Middle-East & SE/ E Asia.
Hope this helps provide a glimpse of the employment scene at the LBS MBA!
Regards,
Arvind
Founder, admitStreet
W: https://admitstreet.com | LinkedIn | E: consultingteam@admitstreet.com
Moderator:
