20
2017 MBA EMPLOYMENT REPORT
2017
MBA EMPLOYMENT REPORT
2017 TRENDS & STATISTICS
It was a very successful recruitment year for the Class of 2017, with 93 percent having accepted job offers within three months of graduation. Our 92 percent international class graduated fully prepared to become the global business leaders of the future. They joined our network of more than 57,000 talented alumni, located in 135 countries across the world, and armed with a global mindset and the latest business knowledge, more than 50 percent of the class secured positions outside of their home country.
While 47 percent of graduates will continue their journey in Europe, we saw an increase in the number of students who accepted employment in Asia (23 percent) and North America (11 percent). As with past years, the majority of our students made a career transformation, with 64 percent changing sector, 68 percent changing function and 55 percent changing their location. Almost 65 percent of the class changed two of the three elements and an impressive 34 percent made the “triple jump” and changed all three.
The Economist ranked the HEC Paris MBA as the top program in Europe, and it was ranked as one of the top 10 programs in the world by Bloomberg Businessweek. In addition, the program ranked third in the world in the Global QS rankings. We are proud to remain in the top European MBAs as ranked by Forbes, Financial Times and Poets & Quants.
Our Career Center ensures that students’ career goals align with the needs of the global job market and we encourage our students to explore a variety of industries and functions. This diversity is reflected in the placement data with 47 percent of students securing roles in a
range of industries including Energy/Utilities, Life Sciences, Luxury, Consumer Goods and Automotive. The most popular sector within Industry was Technology, coming in at 19 percent, an increase of 2 percentage points over last year. In addition, 21 percent of the class secured positions in the Finance sector and 18 percent in Consulting.
Our revamped Career Center includes Career & Corporate Development Managers, a new careers-focused curriculum and a dedicated Employer Engagement team that sources new opportunities with international corporate partners.
The Careers Team would like to take this opportunity to thank our loyal alumni and recruiters, who continue to show confidence in our talent. We are proud of our achievements and we look forward to continuing to prepare future generations of global leaders to solve the business problems of tomorrow.
Yasmina Mallam-HassamDirector of Careers, HEC Paris
4
CLASS PROFILE
CLASS PROFILE HEC PARIS MBA CLASS OF 2017
198
92%
30% WOMEN
52
30
6 YEARS6 YEARS
690
NUMBEROF PARTICIPANTS
INTERNATIONAL PARTICIPANTS
GENDER
NATIONALITIES
AVERAGE AGE
AVERAGE WORK EXPERIENCEAVERAGE WORK EXPERIENCE
GMAT AVG
GEOGRAPHIC ORIGINS (NATIONALITIES)
41%
25%
8%26%ASIA &
OCEANIA
EUROPE
AFRICA &MIDDLE
EAST
AMERICAS
5
HEC PARIS MBA 2017
CURRENT CLASS PROFILE HEC PARIS MBA CLASS OF 2019
239
92%
32% WOMEN
55
30
6 YEARS
690
NUMBEROF PARTICIPANTS
INTERNATIONAL PARTICIPANTS
GENDER
NATIONALITIES
AVERAGE AGE
AVERAGE WORK EXPERIENCE
GMAT AVG
HEC PARIS MBA
43%
18%
12%27%ASIA &
OCEANIA
EUROPE
AFRICA &MIDDLE
EAST
AMERICAS
“I’m a career switcher, and the MBA was a crucial step on the way to achieve my ambition. I absolutely wanted to work with sustainability topics or electric vehicles and making the switch would never have been possible without the HEC Paris MBA.”Marielle Valle Jewander MBA ’17Service Innovation ManagerRenault Services International
GEOGRAPHIC ORIGINS (NATIONALITIES)
SALARIES
SALARIES
On average, MBA graduates from HEC Paris doubled their pre-MBA salaries. OVERALL MEAN SALARY
93%OF THE CLASSACCEPTED JOBOFFERS WITHIN THREE MONTHS OF GRADUATION
Overall Average Salary Package
$112,800ANNUAL SALARY PACKAGE (MEAN)
ANNUAL SALARY PACKAGE (MEDIAN)
SIGN-ON BONUS (MEAN)
SIGN-ON BONUS (MEDIAN)
$108,800 $27,800 $25,000
TOTAL
20172015 2016
$101,400 $104,700 $112,800
Sign-on Bonus
6
$13,600 $14,800 $27,800
HEC PARIS MBA 2017
CONSULTINGAnnual Salary (Mean) $121,900Annual Salary (Median) $109,400Sign-on Bonus (Mean) $13,600Performance Bonus (Mean) $21,100
FINANCEAnnual Salary (Mean) $113,100Annual Salary (Median) $120,500Sign-on Bonus (Mean) $24,700Performance Bonus (Mean) $27,700
INDUSTRY Annual Salary (Mean) $110,500Annual Salary (Median) $107,500Sign-on Bonus (Mean) $34,800Performance Bonus (Mean) $59,800
SERVICESAnnual Salary (Mean) $102,950Annual Salary (Median) $75,000
France Annual Salary (Mean) $110,000Annual Salary (Median) $114,900Sign-on Bonus (Mean) $31,600Performance Bonus (Mean) $18,600
Western Europe (including France) Annual Salary (Mean) $118,400Annual Salary (Median) $112,400Sign-on Bonus (Mean) $33,900Performance Bonus (Mean) $28,400
North America Annual Salary (Mean) $113,800Annual Salary (Median) $120,000Sign-on Bonus (Mean) $21,600Performance Bonus (Mean) $32,800 Southeast AsiaAnnual Salary (Mean) $92,250Annual Salary (Median) $83,900Sign-on Bonus (Mean) $16,200Performance Bonus (Mean) $28,100
Middle East/Gulf RegionAnnual Salary (Mean) $121,500Annual Salary (Median) $129,700Sign-on Bonus (Mean) $14,300Performance Bonus (Mean) $22,000
South AmericaAnnual Salary (Mean) $122,100Annual Salary (Median) $78,600Sign-on Bonus (Mean) $32,500Performance Bonus (Mean) $8,400
Sub-Saharan AfricaAnnual Salary (Mean) $110,700Annual Salary (Median) $110,700Sign-on Bonus (Mean) $17,500Performance Bonus (Mean) $38,300
Oceania Annual Salary (Mean) $132,200Annual Salary (Median) $132,200Performance Bonus (Mean) $8,100
South AsiaAnnual Salary (Mean) $62,800Annual Salary (Median) $62,800Sign-on Bonus (Mean) $13,200
SECTOR
LOCATION
7HEC PARIS MBA
CAREER TRANSFORMATION
CAREERTRANSFORMATION
At the HEC Paris MBA, we pave the way for students to transform their careers. International mobility continues to be at the core of our post-graduation placements, with 51 percent of the class now working outside of their home country. Sixty-five percent of the class changed two of the three elements of career transformation (function, sector and location) and an impressive 34 percent successfully made the “triple jump,” changing all three aspects of their career.
65% 34%CHANGED AT
LEAST TWO OF THESE THREE
ELEMENTS
CHANGED ALL THREE
8
FOR THE CLASS OF 2017
68%CHANGED FUNCTION
64%CHANGED SECTOR
55%CHANGED LOCATION
HEC PARIS MBA 2017
Overall, our students made the biggest movement into the Information/Computer Technology sectors and the Consulting sector. We also saw an increase in the number of students moving into Finance.
These results show that our students graduate ready to take on leadership positions, with many moving into managerial roles and “fast-tracks” to C-level positions.
9HEC PARIS MBA
SECTOR CHANGE
FUNCTION CHANGE
Information/Computer Technology17%
21%
Financial Services
4%4%
Consumer Goods
Consulting12%
21%
21%
20%
Financial Services4% 14%
9%
15% 12%
14%
General Management Marketing & Sales
Ops, Production, Logistics
14%
18%
0%
7%
Engineering
Other
PRE-MBA
PRE-MBA
POST-MBA
POST-MBA
4%2%
Telecoms
4%1%
Media/Entertainment
2%3%
Services
4%4%
Luxury/Retail6%8%
Life Sciences
4%1%
Food/Beverages
Travel/Transportation
2%1%18%
7%
Other
11%18%
Consulting
6%2%
Govt./Not-for-profit
3%1%
Legal
3%
Automotive1% 9%
4%
Energy/Utilities
8%11%
Business Development
6%19%
RECRUITER ACTIVITY
RECRUITERACTIVITYIt has been another successful year for the graduating class with 93 percent securing employment within three months of graduation; an increase of 1 percentage point from the previous year. These results are a testament to the quality and proactivity of the cohort and the support of our strong alumni network.
This is also demonstrated in the rate of block hiring, which is defined as companies that hire more than two graduates from the class. Block hiring has increased by four percentage points to 44 percent, growing steadily throughout the previous four years.
The top recruiters continue to include leading consulting firms, such as McKinsey and Bain, as well as top technology firms, such as Microsoft, Amazon and Google.
HEC Paris MBA students have been consistently attractive to a broad range of recruiters with over 200 organisations recruiting from the program this year. More than 50percent of the cohort found jobsthrough HEC Paris.
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TOP RECRUITERS
SOURCE OF JOB18%
19%
HEC Careers,Alumni or Faculty
18%On-CampusRecruitment Event
10%InternalJobPostings
23%Own Network
7%PreviousEmployer
5%Internships
Other
HEC PARIS MBA 2017
11HEC PARIS MBA
“The HEC Paris MBA offered me the best tools to enable a solid career switch. Through its high-level classes, club events and extensive alumni network, I met inspiring professionals and did an immersion in the luxury universe. It allowed me to go out of my comfort zone and be able to change industry, function and language altogether.”
Caroline Spegiorin MBA ’17Global Marketing Promotions ManagerBurberry Beauty
CAREER CHOICES
12
CAREER CHOICES FOR THE CLASS OF 2017
RateEmployed at three months 93%
Sector
Industry 47%Information/Computer Technology 19%Energy/Utilities 4%Luxury/Retail 4%Life Sciences 8% Consumer Goods 4%Food/Beverages 1%Automotive 3%Other 4%
Finance 21%Financial Services 21% Consulting 18%Consulting 18%
Services 14% Media/Entertainment 1% Travel/Transportation 2%Government/Not-for-profit 2% Telecoms 2%Services 3% Legal 1% Other 3%
Function
Financial Services 20%Business Development 11%Consulting 21%Marketing and Sales 12%General Management incl. MDPs 15%Operations/Production/Logistics 14%
Engineering 0%Other 7%
Location
RegionFrance 21%Western Europe (excluding France) 24%Eastern Europe 2% North America 11%Latin America and Caribbean 8%Middle East 6%Central Asia 4%Asia (including Australia) 19%Africa 4%Other 1%
International Mobility
Working outside their home country 51% as percentage of total Class
Working outside France 79% as percentage of total Class
Non-Europeans working in W. Europe 46%as percentage of European placement only (55%)
Non-French working in France 64% as percentage of Frenchplacement only (21%)
Non-Europeans working in France 60% as percentage of French placement only (21%)
HEC PARIS MBA 2017
13HEC PARIS MBA
“The HEC Paris MBA was a game changer. It opened me to a wide spectrum of opportunities and enabled me to focus on what I was interested in: investment in Africa.”
Tsilavina Andriamisaina MBA ’17Senior Manager, Deal Advisory AfricaKPMG France
SECTOR AND FUNCTION ANALYSIS
14
SECTOR ANALYSIS
INDUSTRY
CONSULTING
FINANCE
SERVICES
Industry continues to be the strongest recruiting sector for the HEC Paris MBA with 47 percent of students being hired in this sector. Technology continues to be the force within the sector, with 19 percent of the class securing employment in the sector. The range of technology recruiters in the sector includes Amazon, Microsoft and Google amongst the top recruiters, and also some exciting new disruptors including Deliveroo (food delivery, UK), Finleap (Fintech, Germany), Happn (online dating, France) and Zoobashop (e-commerce, Africa).
Life Sciences has also seen excellent growth, having increased by six percentage points to eight percent. Key recruiters in the sector include Eli Lilly, Henkel, GlaxoSmithKline and Sanofi.
Consumer Goods remains stable at four percent, as has the Luxury sector. The Energy sector has started to rise again, up two percentage points to four percent, with Schneider Electric being one of the top recruiters for our students.
The Consulting sector hired 18 percent of the graduating class this year, with top recruiters including McKinsey & Company, Bain & Company, A.T. Kearney and Strategy&.
The Financial Services sector has shown a good increase this year up three percentage points to 21 percent. Credit Suisse and Citi are amongst the top recruiters for the HEC Paris MBA, in addition to a range of top companies in the sector including American Express, Amadeus, Barclays, BNP Paribas, International Finance Corporation, GE Finance, Goldman Sachs, JP Morgan, Lazard, HSBC, ING and Société Générale.
The Services sector has also exhibited strong growth up four percentage points from last year to 14 percent.
47%Industry
18%Consulting
21%Finance
14%Services
HEC PARIS MBA 2017
15HEC PARIS MBA
FUNCTION ANALYSIS
SECTOR BREAKDOWN
JOB FUNCTION BREAKDOWN
2017
Consulting Industry
Finance Services
2015
2016
2017
18%
18%
21%
21%
14%
18%
47%
58%
45%
14%
10%
16%
7%
12%
15%
21%
14%
20%
Operations - Production - Logistics
Financial Services
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REGION ANALYSIS
REGION ANALYSIS
JOB LOCATION *
The percentages of non-French finding jobs in France, and non-Europeans finding jobs in Europe were 64 percent and 46 percent of the placement rates in these regions.
* Other: 1%
MOBILITY
REGIONS
OF GRADUATESSECURED
EMPLOYMENT OUTSIDE OF THEIR HOME COUNTRIES
51%
FRANCENORTH AMERICA
EUROPECENTRAL
ASIA ASIA
AFRICA
LATINAMERICA
6%
4% 19%
4%8%
21%
26%
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HEC PARIS MBA 2017
HEC PARIS MBA
“In the HEC Paris MBA, I was exposed to a wide range of industries and functions during classes and networking events, which greatly changed my post-MBA plans. After an internship in consulting, I took a full-time job in the technology sector. Having come from a career in the steel and oil industries, both were new to me. I switched industry, function and geography, which would have been very difficult without the doors opened by the MBA.”
Luiz Paulo Vervloet Sollero MBA ’17Senior Product Manager, Customer ExperienceAmazon
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COMPANIES WHO RECRUITED FROM THE CLASS OF 2017
The following list includes companies that offered at least one full-time position, as well as those that had internship positions accepted.
AA.T. Kearney Abbott ACC LmitedAddict MobileAditya BirlaAdmiralAfrica Internet ServicesAir Liquide Alix PartnersAmadeusAmazonAmerican ExpressAmos European Service Anjuere & AssociesArmorArthur D LittleAsia Pacific Investment PartnersAstrocast
BBain & CompanyBarclaysBASF Inhouse ConsultingBasilea BATBDL Capital ManagementBech-BruunBerendo SolutionBIMABioTherm EnergyBird & Bird AarpiBNP ParibasBorrowellBrainsonic
CCartierCHAIChanelChavimochic China Daisy GroupCitiCMA CGMCotyCredit SuisseCSC
DDahlbergDasraDBSDeliverooDeloitte DigitalDHL ConsultingDigitasLBiDina Faber Cancer InstituteDivido Pink MobilityDolma Advisors
EEcopetrol SAEli LillyEngieEuro Latina FinanceEurogroup ConsultingEY
FFacebookFashion Agent FinLeap GmbHFutury
GGalaxy Aviation GE FinanceGenpactGenstarGIE AXAGivaudan GlaxoSmithKlineGlobalpraxisGlobeleqGoldman SachsGoodyear DunlopGoogleGortinore DistilleryGreen Channel Groupe BetomGS EnergyGuardian Chemicals Inc. Guerlain
HHaluhodo DY HoldingsHappnHCL TechnologiesHengxiang Sports ConsultingHenkelHermes InternationalHSBCHubspot
Ii4i EngineeringIADBImpact PartenairesInfosysINGInovexusInpex CorporationInstitute of Strategy and Compe-titivenessInterbrandInternational Finance CorporationInternational Red CrossIntertrustIntesa Bank
JJ LeagueJapan Bank for International CooperationJapan Post HoldingsJefferies LLCJohnson & Johnson JP MorganJR East Management Service
KKorea Credit Guarantee FundKPMG
LLassen RicardLazardLi & FungLiberty MutualLidyaL’OrealLoyens & Loeff LPL FinancialLVMH
MMacquarieMaersk GroupMagdalenaMcKpitalMcKinsey and CompanyMetlifeMHI Vestas Offshore Wind MicrosoftMinistry of DefenceMinsurMoleac Pte. Ltd.Monitor Deloitte
NNeotionNissanNomuraNTT Communications NTT Docomo
OOECDOlmosOman Oil CompanyOngezaOrangeOverline Systems
P, QPanel on the WebPepsiCo Perform GroupPetrovaxPhilip Morris InternationalPipelineAIPuma EnergyQuipup
RRadixcapRenaultRocket InternetRoland BergerRoyal Bank of Canada
SSabpaisaSaint-GobainSalogSanofiSAPSchibsted Media GroupSchneider ElectricSiemens Management ConsultingSimon-Kucher and Partners
Singapore Economic Development BoardSociabbleSociété Générale Sopra SteriaSoyLites Candle CompanySport Negoce InternationalStrategy PartnersStrategy&Studio 189Sura PeruSwiss ReSygns
TTeam BuiltTecanThe Boston Consulting GroupThe Hut GroupThe Norinchukin BankThe Washington State Investment BoardTrackmanTSH EuropeTurkish Economy Ministry
UUberULMER AeronauticsUnion MezcalUniversal ConsultingUTC
V, WVAT ITVeoliaVinci Wavestone Wombats HoldingWood MackenzieWorldsports (SBC)
X, Y, ZYealinkYerra SolutionsYswaraZhuomoZoobashop
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HEC PARIS MBA 2017
HEC PARIS MBA
The HEC Paris MBA lasts 16 months. There are two intakes, in September and January.
Availability of September intake:
• Internships:
- Summer internships from May to September
- Winter internships from January to April (of the following year)
• Full-time Positions:
- Available from January (of the following year)
- Graduation in June
Availability of January intake:
• Internships:
- Summer internships from July to September
- Winter internships from January to April (of the following year)
• Full-time Positions:
- Available from April (of the following year)
- Graduation in June
HEC Paris MBA Career Week: A week-long, on-campus event for companies recruiting specifically for MBA full-time positions (September).
HEC International Finance and Consulting Forums: On-campus networking and job-placement events for companies recruiting for the Financial Services and Consulting sectors (October and November).
HEC Carrefours Career Fair: Started in 1985, the Carrefours Career Fair is the flagship career fair for students from all programs across HEC (January).
HEC MBA Internship Day: MBA-specific event for companies recruiting internship positions (January/February).
Sector-focused Career Fairs: Events for companies recruiting or interested in networking with students specifically for their sectors. In 2018-2019 the sectors will include Energy (February), Healthcare (November), Digital/Fintech (November) and “Smart Cities” (March).
Stand-alone individual presentations: Company presentations can occur anytime from September to November, and from January to April.
Career treks: Regional, national and international treks organized throughout the program to give students an insider’s view of companies within a specific sector.
Club activities: HEC Paris MBA professional clubs aim to strengthen the relationship between the HEC Paris MBA community and specific sectors. They organize roundtable discussions, evening guest speakers, networking dinners with HEC Paris alumni, and so on.
Job/internship postings: Job opportunities can be posted on our careers portal, free of charge. For more information, email [email protected].
TIMING AND AVAILABILITY
RECRUITING EVENTS
