1
MSc Employment Report 2018
This MSc Employment Report 2018 is released by Rotterdam School of Management, Erasmus
University (RSM). The results of this survey provide information about the first jobs of RSM
students who graduated from our MSc programmes. The survey was conducted in April 2018, and
we received responses from 588 graduates of the 1,708 who graduated between 1 September 2016
and 30 September 2017, giving a response rate of 34.4 per cent.
In some cases, the number of respondents from certain MSc specialisations or nationalities was too
low to provide useful conclusions, so we have commented on the most informative and reliable
features from our analyses.
Contents
Summary
MSc graduate profile
Employment
Contract and salary
Finding a job
Extra activities
Contact
Elise van der Steen / Irene Kroon RSM Career Centre +31 10 408 2010 / [email protected]
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MSc Employment Report 2018
Summary
The employment rate is stable,
but has slightly increased since
last year.
0,0%
10,0%
20,0%
30,0%
40,0%
50,0%
60,0%
70,0%
80,0%
90,0%
100,0%
2018 2017
0-1800 1801-2200 2201-2600
2601-3000 3001-3400 3401-3800
>3800 unknown
The salary of RSM master
graduates has slightly
increased compared to last
year.
Consultancy; 27%
Financial services;
14%
Digital sector; 9%
Wholesale; 8%Manufacturing;
7%
Information; 4%
Transport; 4% Other;
27%
This year the digital sector
is also one of the
industries in which many
graduates work.
79%
95%
79%
98%
0% 20% 40% 60% 80% 100% 120%
3 months after starting job search
6 months after starting job search
2017 2018
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MSc Employment Report 2018
MSc graduate profile Background of graduates
Respondents came from 14 of RSM’s full-time MSc programmes. The largest group of respondents
is from the MSc Supply Chain Management (13 per cent), MSc Finance & Investments (13 per cent),
and MSc Business Information Management (13 per cent). These are also the 3 master programmes
with most students. Response rates from all programmes were high enough to draw general
conclusions.
Master programmes – number of respondents Graduates from the MSc International Management/CEMS received a different questionnaire
linked to the Financial Times ranking, which was not as detailed to be able to make specific
conclusions for this programme.
20
74
77
12
33
20
65
28
71
29
20
22
39
78
0 10 20 30 40 50 60 70 80 90
Accounting & Financial Management
Business Information Management
Finance & Investments
Finance & Investments Advanced
Global Business and Sustainability
Human Resource Management
International Management/CEMS
Management of Innovation
Marketing Management
Master in Management
Organisational Change & Consulting
Strategic Entrepreneurship
Strategic Management
Supply Chain Management
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MSc Employment Report 2018
Demographics
Of the 588 graduates responding to the
survey, 220 were female and 295 were male.
Seventy-three respondents didn’t share their gender.
Where do they come from?
There were 48 nationalities among the respondents; 49.8 per cent were Dutch, 41.7 per cent came
from another country in the European Economic Area (EEA), and 8.5 per cent came from outside of
the EEA. Most international respondents came from Germany (19.2 per cent), Greece (3.1 per
cent), and China (2.6 per cent). Eleven per cent of the graduates have more than one nationality –
in the map these respondents are shown by the nationality they stated first.
Nationalities of our MSc graduates
295220
73
Male Female Unknown
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MSc Employment Report 2018
Employment
How many MSc graduates are employed?
Of all respondents, a majority of 81.8 per cent were employed within 6 months of graduation (481
graduates out of 588). At the time of the survey, 3.4 per cent had started their own business, 5.8
per cent were doing an internship, 0.2 per cent worked as freelancers, 1.0 per cent continued their
education with a PhD, and 2.4 per cent continued their education with a second master
programme. Of the remainder, 4.8 per cent were still looking for employment and 0.7 per cent
were not seeking employment. This is comparable to the results from last year.
Employment status within six months of graduation
2,4%
1,0%
4,7%
81,8%
0,2%
5,8%
3,4%
0,7%
0,0% 10,0% 20,0% 30,0% 40,0% 50,0% 60,0% 70,0% 80,0% 90,0% 100,0%
Continued education (another master)
Continued education (PhD)
Currently seeking employment
Employed
Working as freelancer
Doing an internship
Started own business
Unemployed and not seeking employment
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MSc Employment Report 2018
Where do they find a job? Industries employing RSM graduates Like the year before, the industries
that attract most RSM graduates
are consultancies (27 per cent),
financial services and insurances
(14 per cent).
The top 20 employers for our
graduates are: Deloitte, KPMG, EY,
PwC, Accenture, Google, McKinsey,
Capgemini, BCG, Salesforce,
FrieslandCampina, ING, Rabobank,
Unilever, Coolblue, Hilti, PostNL, Shell,
Simon-Kucher & Partners, Philips.
Size of companies employing RSM graduates
RSM graduates responding to this
survey mostly work for large
companies; 45 per cent work for
multinational companies that have
more than 10,000 employees.
27%
14%
9%8%
7%
4%
4%
27%
Consultancy / Businessresearch
Financial services /Insurance
Digital sector
Wholesale & Retail trade
Manufacturing / Industry
Information /Communication
Transport / Storage
Other
26%
9%
18%
45%
2%
fewer than 250employees
between 250 and 1,000employees
between 1,000 and10,000 employees
more than 10,000employees
unknown
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MSc Employment Report 2018
Our MSc graduates found jobs in 35 countries. Almost two-thirds of all respondents, 61.7 per cent,
found jobs in the Netherlands, while 33.8 per cent found jobs elsewhere in Europe and 4.3 per cent
are employed in other parts of the world.
Almost two-thirds (64 per cent) of respondents with non-EEA passports stayed in the Netherlands after graduation. A very small number of non-EEA graduates, two in total, found jobs in another EEA country, namely in Germany. 31 per cent of non-EEA graduates returned to their home country. The majority of the graduates, 71.4 per cent, found a job in their home country. A small number of EEA students, 7 in total, found a job outside Europe.
World map showing where RSM graduates found their first jobs
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MSc Employment Report 2018
Entrepreneurs
The 3.4 per cent of respondents that founded their own companies totals 20 people. This is too
small a group to make any conclusions about the entrepreneurship of this cohort of RSM graduates,
although we can profile these respondents; 9 of them are Dutch and 2 are German, the 9 remaining
entrepreneurs are from Afghanistan, Austria, China, Estonia, Latvia, Lebanon, Lithuania and Poland.
This entrepreneurial group consists of 12 men, 3 women and 5 students of whom the gender is
unknown.
The percentage of entrepreneurs among the graduates has slightly increased compared to last
year’s data.
The entrepreneurs studied various master programmes. The highest number, 4, of entrepreneurs
studied the MSc International Management/CEMS.
They all credit their own network as most important for helping them to start their own companies,
followed by the help of former employers and RSM faculty.
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MSc Employment Report 2018
Contracts and salary
Types of contract
Half of the employed MSc graduates from RSM have a permanent contract. This is an increase of 5
per cent compared to last year’s data. The second largest group, 29 per cent, have a temporary
contract with the possibility of a permanent contract in the future. This is a decrease of 7 per cent
compared to last year’s data.
Type of contract
50%
29%
1%
14%
2%
4%
Permanent contract
Temporary contract - withpossibility of a permanentcontractTemporary contract - with nopossibility of a permanentcontractTraineeship contract
Temporary contract via agency
Unknown
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MSc Employment Report 2018
Salary
The average salary earned by respondents to our survey in their first year of employment – across all industry sectors and globally – is €3,180 gross per month, which is an increase compared to last year when the mean was €2,981. Salaries range from €1,000 to €8,000 gross per month.
The survey shows that, for graduates six months after graduations, the average monthly salary paid by companies in the Netherlands is €2,905 gross. In EEA countries other than the Netherlands, the average monthly salary of our graduates is €3,799 and in non-EEA countries it’s €2,926. In the Netherlands, salaries follow a normal distribution with many respondents earning close to the average. In the rest of the EEA, and in non-EEA regions, there is an unequal distribution, with more respondents in the lower and higher salary ranges, and a smaller proportion earning an average salary. Compared to last year, the salaries in the Netherlands and other EEA countries have increased, while the average salary in non-EEA countries decreased.
The lowest salaries are paid in Bulgaria and China, the highest in Switzerland.
0,0%
10,0%
20,0%
30,0%
40,0%
50,0%
60,0%
70,0%
80,0%
90,0%
100,0%
General in NL Other EEA countries Non-EEA countries
0-1800 1801-2200 2201-2600 2601-3000 3001-3400 3401-3800 >3800 unknown
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MSc Employment Report 2018
Salary differences per region (€)
There are differences in average salary for each specialised master programme. While we cannot draw detailed conclusions for every specialised master programme, we can say that respondents from the MSc Supply Chain Management, Strategic Management and Master in Management reported the highest average salaries.
Average gross salary per month per master programme
€ 3.180
€ 3.146
€ 3.082
€ 3.323
€ 3.278
€ 2.787
€ 2.514
€ 3.257
€ 3.039
€ 3.434
€ 2.967
€ 3.114
€ 3.452
€ 3.586
€ 0 € 500 € 1.000 € 1.500 € 2.000 € 2.500 € 3.000 € 3.500 € 4.000
General
Accounting & Financial Managemnet
Business Information Management
Finance & Investments
Finance & Investments Advanced
Global Business and Sustainability
Human Resource Management
Management of Innovation
Marketing Management
Master in Management
Organisational Change & Consulting
Strategic Entrepreneuship
Strategic Management
Supply Chain Management
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MSc Employment Report 2018
Finding a job
When do they start their job searches?
About a fifth of MSc students (18 per cent) have already started looking for a job at least 6 months
before they complete their studies, and 3 months away from graduation, 58 per cent are actively
searching for a job.
Job search start dates
How long does it take to find a job?
RSM graduates are effective job-hunters; 59 per cent found a job before graduation. On average it
takes them 2.5 months to find a job. Dutch students (2.2 months) found a job slightly faster than
students from other EEA countries (2.7 months) and non-EEA countries (2.7 months).
From one master programme, MSc Master in Management, all graduates that had found a job by
the time the survey was conducted told us it took them less than 3 months. On average, 78 per cent
of our master graduates find a job within three months; the variation between programmes is
between 100 per cent and 67 per cent.
19%17%
23%
9%
14%
11%
6%
1%
0%
5%
10%
15%
20%
25%
> 6 monthsbefore
graduation
4-6 monthsbefore
graduation
2-3 monthbefore
graduation
0-1 monthbefore
graduation
0-1 monthafter
graduation
2-3 monthsafter
graduation
4-6 monthsafter
graduation
> 6 monthsafter
graduation
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MSc Employment Report 2018
Number of months to find a job by master programme
79%
81%
85%
78%
78%
67%
67%
71%
78%
100%
71%
76%
88%
75%
19%
19%
15%
20%
22%
33%
33%
29%
15%
29%
18%
12%
21%
2%
2%
7%
6%
4%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
General
Accounting & Financial Management
Business Information Management
Finance & Investments
Finance & Investments Advanced
Global Business & Sustainability
Human Resource Management
Management of Innovation
Marketing Management
Master in Management
Organisational Change & Consulting
Strategic Entrepreneurship
Strategic Management
Supply Chain Management
0-3 months 4-6 months >6 months
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MSc Employment Report 2018
Finding a job
Among the graduates, 65 per cent state that it was very or relatively easy to find a job. Dutch
graduates are most satisfied with their job search; 78 per cent compared to 56 per cent of EEA
graduates and 34 per cent of non-EEA respondents. However, for all 3 groups of students there has
been an increase compared to last year of how easy it is to find a job. Graduates reported that
using their networks was the most effective way of finding a job (58 per cent), followed by using
social networking sites such as LinkedIn (54 per cent), and using a vacancy website (41 per cent).
The services of the RSM Career Centre (coloured blue in the graph) were rated as valuable by 27
per cent of respondents. This is higher than other activities offered on campus such as RSM
lecturers (26 per cent); recruitment weeks (24 per cent); company presentations (21 per cent) and
activities organised by STAR (17 per cent).
Finding a job
10%
14%
3%
21%
26%
3%
14%
3%
31%
36%39%
28%
58%54%
17%
24%
15%
41%
26%
8%6%
0%
10%
20%
30%
40%
50%
60%
70%
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MSc Employment Report 2018
Extra activities
Internships
More than half (56 per cent) of master graduate respondents took part in an internship during their
studies. Almost half of the respondents, 49 per cent, did an internship in between their bachelor
and master or after their studies.
Study exchange
RSM graduates are keen to broaden their study experiences; 48 per cent did a study exchange
during or after their studies.
Extra-curricular activities
Most respondents took part in extra-curricular activities during their studies. The most frequently mentioned besides internships and exchange were non-study related part-time jobs (46 per cent), study related part-time jobs (45 per cent), and memberships of sports or cultural organisations (38 per cent). As can be seen in the graph, there is some cross-over, with several students taking part in multiple activities. Extra-curricular activities of RSM graduates
38%
21%
19%
26%
18%
48%
58%
49%
45%
46%
0% 10% 20% 30% 40% 50% 60%
Active member of sports or cultural association
Active member of a student association
Active member of STAR
Active member of study association (other than STAR)
Involved with academic committees
Exchange during studies
Internship during studies
Internship between or after studies
Relevant part-time job
Other part-time job
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MSc Employment Report 2018
For questions and comments about the MSc Employment Report 2018, contact Elise van der Steen or Irene Kroon at the RSM Career Centre via +31 10 408 2010 or [email protected]