Shanghai, Dec 16, 2010 – (ACN Newswire) – This year’s Shanghai career trek came to a successful close after a week of activities and networking with 9 companies from a wide range of industries. Starting on 13 December, the career trek commenced just after the release of the 2010 MBA Employment Report, which showed impressive prospects for graduates in the Asian market.
This is the third time the annual career trek has been held. Jurek Sikorski, Associate Director, Career Services, and the official leader of this year’s Shanghai trek, said “We are seeing increasing interest from our students in pursuing careers in emerging economies such as China. Every year, the trek connects with more companies and builds deeper relationships for mutual benefit.”
London Business School, with its MBA programme ranked number one in the world by the Financial Times, is a choice destination for Chinese business elites looking to advance their careers through premium executive education. 11 students from mainland China are currently studying a range of executive programmes at the School.
Another attraction to candidates from China is London Business School’s strong international network. Four global hubs – London, Dubai, New York and Hong Kong – along with 30,000 alumni are undoubtedly a rich source of knowledge, business experience and worldwide networking opportunities. London Business School’s international reach reflects in its student body: a pool of top global talent hailing from more than 130 countries. The School’s graduates are armed with the skills to be successful in today’s business environment.
The latest reported MBA employment rates display promising career prospects for graduates. According to the MBA Employment Report 2010, the employment rate for its students has increased by 10% this year compared with 2009 figures. The report also highlights good prospects in the Asian market for MBA students, reflected by a 15% increase in the base salary over the past year for graduates working in Asia. The 2009 employment report showed that the base salary of MBA graduates working in Asia held the lowest ranking. In the 2010 report however, its ranking jumped to number 3, just below the Middle East and Europe (excluding the UK).
Jurek commented, “There is no doubt that emerging markets in Asia and the Middle East are most attractive to MBA graduates. The global insights and worldwide network offered by the School greatly benefit the students. MBA graduates from London Business School are therefore well-equipped to work in a variety of different places around the world, including the emerging markets.”
“It’s an excellent achievement considering the significant impact the global recession has had on the recruitment market in the past couple of years. It is a testament to our graduates, recruiters, alumni and Career Services team, as 80% of students found their current roles through the School community”, he continued.
The School’s MBA Employment Report 2010 has shown that 91% of students found employment within three months of graduating this year. Of those who have already found employment, the majority (71%) started work with a new employer. Around 1 in 10 (12%) went back to work with a previous employer, while 8% took the plunge and started their own business.
Reflecting the international background of most London Business School students, almost half (43%) of those who graduated this year and have found employment will be working overseas. The high number of graduates heading abroad is a product of the School’s efforts to strengthen international links by holding events such as the Middle East Careers Week, the Hong Kong Career Trek and networking events in New York, Dublin, Paris and Switzerland.
According to the MBA Employment Report 2010, financial services remains the preferred field for graduates, with over a third (38%) choosing this sector. It was closely followed by Industry – including technology and telecommunications – with 37% of graduates, and 25% opting for consulting.
“As technology and social media play an ever-increasing role in our lives, people’s interest in working in these areas has also grown. 6% of our graduates have found roles in technology and telecommunications – now the most popular sector within Industry,” Jurek added.
London Business School’s MBA is a full-time programme that runs for 15-21 months.
AboutLondon Business School
London Business School’s purpose is to deliver insights and leaders that have impact. The School is ranked number one in the world for the full-time MBA programme*. In research, the School is ranked top ten and holds the highest average research score of any UK academic institution**.
The School’s faculty, from over 30 countries, is grouped into seven subject areas – Accounting; Economics; Finance; Management Science and Operations; Marketing; Organisational Behaviour; and Strategic and International Management.
Studying at the School provides access to an unmatched diversity of thought. With a presence in four international cities – London, New York, Hong Kong and Dubai – the School is well positioned to equip students from more than 130 countries with the capabilities needed to operate in today’s business environment. Students further benefit from our 30,000 alumni who provide a wealth of knowledge, business experience and worldwide networking opportunities.
The School awards over 1,000 degrees every year, across MBA, Executive MBA, Masters in Finance, Sloan Fellow and PhD programmes and has most recently added Masters in Management to its portfolio. The Executive Education team offers a portfolio of over 30 open programmes as well as custom-designed programmes developed to meet the specific needs of individuals and their organisation. Annually, over 8,000 participants attend executive programmes that are led by many of the world’s leading business thinkers.
Please visit: http://www.london.edu
* Financial Times MBA 2010 Rankings
** Research Assessment Exercise (RAE) 2008
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