Hong Kong, Dec 17, 2010 – (ACN Newswire) – London Business School’s MBA Employment Report 2010 has shown that the employment rate for its students gaining employment within three months has jumped by 10 percentage points to 91% this year, as compared to 2009 figures.
The latest report also highlights good prospects in the Asian market for MBA students, with the mean salary package of US$178k. This has helped Asia’s ranking jump to number three in terms of mean salary for MBA graduates of London Business School globally.
“2010 has been a great year for London Business School. The increase in the number of MBA students finding employment soon after graduating highlights the increasing demand for our graduates across the globe”, said Fiona Sandford, Director of Career Services at London Business School.
London Business School’s full-time MBA programme is currently ranked number one in the world by the Financial Times.
The 2009 employment report showed the mean salary package of MBA graduates working in Asia holding the lowest ranking versus other world regions. In the 2010 report however, its ranking jumped to number three, just below the Middle East and Europe (excluding the UK).
According to Sandford, “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”, commented Sandford.
Of those who have found employment, the majority (71%) commenced 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 and networking events in New York, Shanghai, 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% opted 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. Six percent of our graduates have found roles in technology and telecommunications – now the most popular sector within industry”, added Sandford.
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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