注册 登录  
 加关注
   显示下一条  |  关闭
温馨提示!由于新浪微博认证机制调整,您的新浪微博帐号绑定已过期,请重新绑定!立即重新绑定新浪微博》  |  关闭

宁老师留学DIY咨询

MBA及Master申请PS/Essay/简历/推荐信写作咨询人

 
 
 

日志

 
 
关于我

2009年7月份,我给一个老朋友(Simon FT-MBA,2010春季班)为申请MBA而写的Essay提了几点比较关键的修改建议。后来,她成功拿到Simon的Offer。再后来,她建议我做留学DIY咨询方面的工作,并向我介绍了我的第一个客户。最终,我的第一个客户也成功拿到几个TOP16商学院的面试并顺利拿到Duke Fuqua商学院MBA的录取。 本人毕业于上海复旦大学管理学院国际企业管理系,属于商科科班出身并且做过管理工作、有领导经验的人士。

网易考拉推荐
 
 

商院动态:Record 46% Of INSEAD MBAs Go Into Consulting  

2017-03-03 03:05:29|  分类: 学校与选校 |  标签: |举报 |字号 订阅

  下载LOFTER 我的照片书  |

商院动态:Record 46% Of INSEAD MBAs Go Into Consulting
 

BY: JOHN A. BYRNE ON MARCH 01, 2017

 

 

INSEAD has long been known as one of the top feeder business schools for the global consulting industry, sending more MBAs into the field than any other B-school in the world. But in 2016 even INSEAD broke all kinds of records in this regard. Some 46% of the graduating class last year accepted jobs in the consulting sector, up from 43% a year earlier and nearly 13 percentage points higher than just three years ago.

Nine of the school’s major employers last year were all consultants led by the three big global players, McKinsey & Co., Boston Consulting Group, and Bain & Co. In fact, those three prestige firms alone scooped up a remarkable 29.8% of the graduates who reported their career choices to INSEAD. McKinsey employed 125, up from 102 MBAs last year. BCG hired 67 grads, slightly down from 72 a year earlier, while Bain employed 48, down a bit from 52 a year earlier. Only three firms, all in technology, broke up the consulting party: Amazon, Microsoft and Google, which were among the dozen top employers (see Major Employers Of INSEAD MBAs In 2016).

As is often the case at INSEAD, many of these graduates returned to their firms after picking up their MBA in the 10-month-long program. The accelerated pace of the MBA experience makes the school particularly appealing to consulting firms who sponsor their employees. The McKinsey total, for example, includes 75 new hires and 50 MBAs who returned to the firm. At BCG, 26 of the 67 hires were of former employees, while at Bain 14 of 48 total hires had previously worked for the firm.

TOTAL MEDIAN PAY FELL SLIGHTLY BY 2.9% TO $134,268

The total median compensation package, adjusted for the percentage of graduates reporting sign-on and year-end performance bonuses, totaled $134,268, a 2.9% decline from a year earlier. Graham Hastie, interim global director of INSEAD’s career development center, attributed the decline to “changes in exchange rates, which saw local currencies depreciate by 3.6% against the U.S. dollar in 2016.” Otherwise, average base salaries–not total compensation–would have risen 1.7%, explained Hastie.

The total pay is composed of median salary of $102,500, sign-on bonuses of $22,800, reported by 65% of the class, and performance bonuses of $22,300, received by 74% of the MBAs. INSEAD’s $134,268 total, just behind the University of Texas McCombs School’s $135,885, puts INSEAD behind 19 U.S. business schools. The highest paid MBA graduates last year again came off the campus of Stanford University’s Graduate School of Business and Harvard Business School. Stanford MBAs pulled down a total median pay package of $163,827, while HBS grads landed packages worth $158,080 (see What MBAs Make In Their First Year Of Work).

The pay gap is largely the result of many more INSEAD MBAs going to work in countries where pay levels are significantly lower than they are in more mature economies as well as many students who enter the program with salaries below those at many U.S. schools. Salaries across the world, even in the same industry from the same employers, can vary widely (see below table). INSEAD revealed that graduates who took jobs in India earned median salaries of $47,360, or 3,200,000 Rupees, compared to overall median salaries for the entire class of $102,500, a sum that would include the Indian salaries.

And while the median starting salary for a consulting job in North America topped out at $145,000, exactly the number reported by leading U.S. schools, the median in Southern Europe was just $77,900. In Latin America, starting salaries in consulting were only $81,300, while in Asia Pacific they were $113,500, according to INSEAD. Moreover, the cost of getting an INSEAD degree are significantly lower than those who enter a more traditional two-year MBA program, resulting in one of the highest returns on investment for any MBA in the world.

SOME 89% OF GRADS HAD JOB OFFERS WITHIN THREE MONTHS OF GRADUATION

The career results are detailed in INSEAD’s 2016 employment report. Year in and year out, INSEAD publishes one of the most transparent reports of any business school. It covers some 999 MBAs from INSEAD in the graduating classes in December of 2015 and July of 2016. The school said that 975 graduates, or 98%, responded to its employment survey, though 805, or 84%, provided details of their career decisions.

The highest salary landed by an INSEAD grad last year was $203,800 for a job in retail and luxury goods in Switzerland. Yet, another MBA also landed a job paying $202,140 in annual salary for a position in the private equity or venture capital field in a vp/director role in Western Europe. The lowest reported salary, $22,400, went to an MBA who took a job in the public sector or social impact field in Asia Pacific.

INSEAD reported that 89% of its graduates had at least one job offer three months after graduation, down from 90% in 2015. That level of employment also trails many of the leading U.S. schools. At Chicago Booth and Wharton last year, more than 98% of the graduates had job offers three months after commencement, while at London Business School, 96% of the 2016 class had job offers at that point. Still, the 89% job offer rate was just a point below Stanford’s 90% job offer level last year. Given the unusually wide dispersement of INSEAD grads around the world, the 89% offer rate is impressive, or as Hastie pointed out, “a remarkable achievement given the intensive nature of our 10-month global MBA programme and the macro-economic uncertainty in some of our traditional sectors and geographies.”

While 46% of its graduates landed jobs in Europe, some 29% gained employment in Asia Pacific, 10% in Africa and the Middle East, 8% in North America, and 7% in Latin America. The school said that no single country accounted for more than 14% of the jobs its graduates landed last year.

 

Region Mean Salary Median Salary Median Sign-On Median Performance Bonus Highest Salary Lowest Salary
Africa/Middle East $119.400 $130.000 $25.000 $28.600 $204.100 $24.000
Asia Pacific $99,700 $103.300 $18.200 $22.200 $189.200 $22.400
Central/Eastern Europe $87,800 $90,600 $24.500 $23.000 $133.500 $33.400
Latin America $84,050 $80,500 $31.500 $26.700 $200.000 $33.500
North America $131.300 $130.000 $25.000 $30.000 $190.000 $60.000
Northern Europe $110.100 $116.200 $27.800 $27.800 $142.200 $69.000
Southern Europe $82,000 $79,000 $20.000 $17.800 $140.400 $37.800
Western Europe $105.500 $102.500 $24.500 $20.400 $203.800 $28.100

 

ONLY 27% OF MBAS WORKED IN CONSULTING BUT 46% GET JOBS IN FIELD

The bigger story is the increasing dominance of consulting at INSEAD. While only 27% of the school’s MBA students came from the consulting sector, 46% of the graduates enter the field. The result: INSEAD is converting a high percentage of students who once worked in financial services, retailing and consumer goods, energy, the public and non-profit sectors, and manufacturing into the consulting industry (see INSEAD’s Job Transition Matrix below).

Among those who have joined the consulting sector, INSEAD reported that 25% of them will be based in Asia (compared to 22% in 2015), taking away geographical share from Europe (falling from 48% in 2015 to 45% in 2016), with the share of the other regions largely unchanged. This mix mirrors the growth expectations of these regions.

Average consulting salaries remained mostly flat for most regions, with the exception of Asia and the Americas. In Asia, average base salary increased by around 3% while the average base salary fell by 4.3% for the Americas. INSEAD said the fall in average salary in the Americas is mainly due to exchange rate impact and the reversal in regional mix between Latin America (65% in 2016 vs 33% in 2015) and North America (35% in 2016 vs 67% in 2015). This brought the overall average down despite the rise in average salary in the North and Latin America regions of 11% and 17% (without currency effects), respectively.

NEARLY 80% OF THE CLASS CHANGED SECTOR, FUNCTION OR COUNTRY WITH THEIR MBAS

The 46% of the INSEAD class that was hired by consulting, moreover, compares with just 16% at Stanford, 25% at Harvard Business School, 27% at Wharton, and 30% at Chicago Booth. One other consequence of this is that the school’s representation in other sectors, particularly finance and technology, is much lower than many of its rival schools. Last year, only 14% of INSEAD’s MBAs went into financial services, while just 17% accepted jobs in technology. Similar to previous years, 6% of INSEAD’s graduates last year became entrepreneurs post-graduation.

The school reported that almost eight out of ten graduates used their MBA to switch industries, functions or geography. Some 48% of the class changed country, 52% switched industries, while 63% changed function. “This year, our students chose exciting roles with more than 300 different employers in 68 countries, which represents by far the most global and diverse reach of any top MBA programme,” wrote Hastie. “This is made possible thanks to strong employer relations with nearly 600 companies and an alumni network of more than 52,000 in more than 170 countries. In terms of career change, nearly 80% of the class changed one dimension of sector, function or country, with 27% of the class making simultaneous changes in all 3 dimensions.”

 

Industry Pre-MBA Career Post-MBA Career Change
Consulting 27% 46% 19
Financial Services 23% 14% -9
Technology & Media 10% 19% 9
Retail & Consumer Goods 9% 6% -3
Manufacturing & Construction 7% 5% -2
Energy 6% 1% -5
Public Sector & Social Impact 6% 1% -5
Healthcare 4% 4% ————
Corporate Services 3% 0.5% -2.5
Primary Industries 2% 0.5% -1.5
Transportation 2% 1% -1
Travel & Leisure 1% 1% ————

 

Employer Total Hires New Hires Returning Employees
McKinsey & Co. 125 75 50
Boston Consulting Group 67 41 26
Bain & Co. 48 34 14
Amazon 35 35 0
Strategy& 24 16 8
Microsoft 20 19 1
Accenture 16 10 6
Google 12 12 0
Roland Berger Strategy Consultants 11 5 6
A.T. Kearney 10 8 2
Deloitte 7 4 3
Partners in Performance 7 7 0
Siemens 7 6 1
Credit Suisse 6 6 0
EF Education 6 6 0
Morgan Stanley 6 5 1
Samsung GSB 6 6 0
AB InBev 5 5 0
Oliver Wyman 5 2 3
Apple 4 0 0
Apttus 4 0 0
Goldman Sachs 4 0 0
L.E.K. Consulting 4 0 0
Nike 4 0 0
Kraft Heinz Co. 4 0 0
Danaher 3 0 0
Delta Partners 3 0 0
Hilti 3 0 0
Johnson & Johnson 3 0 0
Parthenon EY 3 0 0
QuintilesIMS 3 0 0
Uber 3 0 0
Wipro 3 0 0

 

 

以上内容摘自:

http://poetsandquants.com/2017/03/01/record-46-insead-mbas-go-consulting/ 

 

 

宁老师(Coach Ning)联系方式:

QQ906866938

微信:可通过qq号加宁老师微信

微信公众号:宁老师DIY留学咨询

SKYPEessay-ningchunlong

LinkedIn账号:http://cn.linkedin.com/pub/chunlong-ning/30/28/409

新浪微博:http://weibo.com/ningchunlong

网易博客:http://ningchunlong.blog.163.com/

腾讯博客:http://user.qzone.qq.com/906866938/2

宁老师(Coach NingDIY留学咨询服务说明与收费标准(2016-2017

http://ningchunlong.blog.163.com/blog/static/1153712692016461220967

http://mp.weixin.qq.com/s?__biz=MzA4MDU3MzYxOA==&mid=504022883&idx=1&sn=bb813d21e4565b2911bb7e6cdbc9a07d#rd

(注:上述两个服务说明的链接,若一个无法打开请点击另一个)

宁老师Coach Ning部分MBA或者Master咨询成功案例介绍

http://ningchunlong.blog.163.com/blog/#m=0&t=1&c=fks_087069080082082074081082086095085087084064083087084069093

 

 

DIY留学申请交流QQ群:

MBA申请DIY群:137254413

Master申请DIY群:162474877

MSF/MFE申请DIY 群:27769133

HRM申请DIY群:122368914

MKT申请DIY群:228695973

MSA/Macc申请DIY群:234137969

法律LL.M申请DIY群:110533381

英国及欧洲申请DIY群:209994593

HK申请DIY群:247226867

Canada申请DIY群:255130861

新加坡香港MSF申请DIY群:82449369

MBAMaster申请差别很大请正确选择要加入的群

  评论这张
 
阅读(7)| 评论(0)
推荐 转载

历史上的今天

在LOFTER的更多文章

评论

<#--最新日志,群博日志--> <#--推荐日志--> <#--引用记录--> <#--博主推荐--> <#--随机阅读--> <#--首页推荐--> <#--历史上的今天--> <#--被推荐日志--> <#--上一篇,下一篇--> <#-- 热度 --> <#-- 网易新闻广告 --> <#--右边模块结构--> <#--评论模块结构--> <#--引用模块结构--> <#--博主发起的投票-->
 
 
 
 
 
 
 
 
 
 
 
 
 
 

页脚

网易公司版权所有 ©1997-2017