School sees jump in MBA graduate employment rates
A new report published by London Business School has shown that the employment rate for its students has jumped by 10% this year compared with 2009 figures.
Shortly after being named as having the number one ranked MBA programme in the world by the Financial Times, the School's MBA Employment Report 2010 has shown that 91% of students found employment within three months of graduating this year.
“With our full-time MBA programme ranked number one in the world by the Financial
Times, 2010 has been a great year for London Business School - 91% of our MBA2010 graduates found employment within three months of graduating, a 10 percentage point increase on the MBA2009 class. This highlights the increasing demand for our graduates across the globe”, said Fiona Sandford, Director of Career Services at London Business School.
“It’s a great achievement considering the significant impact that the global recession has had on the recruitment market in the past couple of years and a testament to our graduates, recruiters, alumni and the Career Services team, as 80% found their roles through the School community”, she continued.
Of those who have already found employment, the majority (71%) started work with a new employer. Around one 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 that students studying at London Business School come from, almost half (43%) of those who graduated this year and found employment will be working overseas. The high number of graduates heading abroad also shows the benefits of the School's efforts to strengthen international links through 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 career choice for graduates, with over a third (38%) choosing this sector. It was closely followed by 37% going into industry such as the technology and telecommunications field, and 25% opting for Consulting.
“As technology and social media play an ever-increasing role in our lives, the interest in working in such areas has also grown. 6% of our graduates have found roles in technology/telecommunications - now the most popular sector within Industry”, Sandford added.
London Business School’s MBA is a full-time programme that runs for 15-21 months.
To read the full report, visit www.london.edu/assets/documents/programmes/LBS_MBA_Employment_Report_2010.pdf