Masters in Finance

employment report
2017

London experience. World impact.

 Introduction Employment statistics Alumni Career Centre Portfolio

Introduction
Demand for our Masters in Finance (MiF) from additional practitioner modules, digital

93%
accepted an offer within
three months of graduation
graduates has never been greater, with
93% of students in the 2017 full-time
class accepting jobs within three months
of graduating. Most (81%) went into the
financial sector, typically joining banks and
asset management firms, while 19% joined
other industries such as consulting and
skills and new electives, giving them the
expertise to thrive in London-based roles
or positions elsewhere.
Congratulations to our graduates and
thank you to the recruiters who trust
them to make a significant contribution to
their organisations. We wish you all great

94%
technology.
success for the coming years.
Forty-one percent secured work in the
UK, despite talk of financial services firms
received an offer within looking to relocate their staff because of
three months of graduation Brexit. This shows that London remains the
world’s leading financial hub, with many job
opportunities for people who want to carve
out finance careers in the capital.
99%
reporting rate
Students from around the world gain a Christian Dummett
solid grounding in finance and develop the Head of Early and Mid-Career
skills to achieve their career goals on our Programmes
newly improved programme. They benefit Career Centre, London Business School

MiF2017 Class Profile

Graduating class profile Regional background Undergraduate study experience
2%
Class size 105
Average age 29 5% 8%
Age range 24-36 5%
Average work experience 5 6%
17%
Work experience range 2 to 13
Female % 28%
44%
Nationalities37 16%
International class percentage 95% 47%

28%
21%

■■South East Asia 44% ■■Finance, accounting, economics 47%

■■Latin America 21% ■■Business, management 28%
■■Europe (excluding UK) 16% ■■Engineering, technology, science,
■■North America 6% maths, IT 17%
■■UK  5% ■■Social science, law, arts, humanities8%
■■Middle East and Africa 5%
■■Other2%

The employment rate is calculated in

compliance with the MBA Career Services
and Employer Alliance (MBA CSEA)
reporting standards.
Our admissions decisions are taken
in accordance with best equal
opportunities practice.

London Business School Masters in Finance Employment Report 2017 Introduction 2

 Introduction Employment statistics Alumni Career Centre Portfolio

Sector destinations Salary information Job location Hiring employers

Sector destinations
Sector breakdown
2017
% 2013 2014 2015 2016 2017
100 Finance 81%
■■Investment Management 25%
■■Central Banks/Ministries/Regulation/Public Finance 22%
■■Investment Banking/Brokerage 13%
80 81% 83% 81% 84% 81%
■■Private Equity 8%
■■Commercial Banking/Project Finance 7%
■■Other Finance* 6%

60 Non-finance sectors 19%

■■Consulting  9%
■■Technology** 5%
■■Diversified *** 5%
40

20

19% 17% 19% 16% 19%

7% 8% 9%
0
5%

Salary information £ UK pounds $ US dollars**** International dollars*****

Mean Max Min Mean Max Min Mean Max Min
Overall £65,555 £158,706 £23,592 $86,739 $210,000 $31,215 $128,115 $512,109 $43,557
Other guaranteed compensation £25,834 £56,000 £5,700 $34,182 $74,094 $7,542 $52,902 $222,436 $8,054
Finance £69,428 £158,706 £23,592 $91,862 $210,000 $31,215 $130,612 $512,109 $43,557
Other guaranteed compensation £26,266 £56,000 £5,700 $34,753 $74,094 $7,542 $50,213 $121,931 $8,054
Non-finance sectors £56,262 £75,574 £35,000 $74,444 $100,000 $46,309 $122,120 $427,077 $49,453
Other guaranteed compensation £24,872 £47,305 £11,253 $32,909 $62,596 $14,890 $58,901 $222,436 $18,368

Other guaranteed compensation includes sign-on and end-of-year bonus where we have sufficient data.
Salary data does not include sponsored or self-employed students in accordance to MBA CSEA guidelines.
*Other Finance includes Insurance and Pension Services, Private Wealth Management, Retail Banking, Data Services and Products.
** Technology includes FinTech, Internet/E-Commerce, Branding / Marketing / PR / Advertising.
*** Diversified includes Consumer Products – FMCG, Real Estate.
**** Conversion rates as of August 1, 2017.
***** Purchasing power parity (PPP) included due to the high number of students who have salaries in non-US dollar currencies.
The World Bank’s implied PPP rate of exchange was used to equalise the purchasing power across economies.

London Business School Masters in Finance Employment Report 2017 Sector destinations 3
 Introduction Employment statistics Alumni Career Centre Portfolio

Sector destinations Salary information Job location Hiring employers

Job location

41 % 29%
UK 5% Asia

4%
USA/Canada
Europe
(excluding UK)

1%
Oceania

16 % 4%
Africa/
Latin America Middle East

MiF2017 Full-time graduates went to work at organisations in cities in 24 countries around the world
Ankara Kuwait City Riyadh Taipei
Baku Lima San Francisco Tokyo
Bangkok London Santiago Toronto
Beijing Madrid Sao Paolo Washington D.C.
Bogota Medellín Seoul Yangon
Chennai Mexico City Shanghai
Hong Kong Munich Singapore
Kuala Lumpur Porto Sydney

London Business School Masters in Finance Employment Report 2017 Job location 4
 Introduction Employment statistics Alumni Career Centre Portfolio

Sector destinations Salary information Job location Hiring employers

Hiring employers
Inter-American Development Bank
AB InBev International Finance Corporation Internships
Abraaj Korea Investment Corporation
To aid their professional transitions, 40
Actinver KPMG
students undertook internships during
Amazon Kuwait Financial Centre their programme. The finance firms
Arion Investment Management L Catterton included asset managers, hedge funds,
Aurelius Investments McKinsey & Company private equity and venture capital firms
Ministry of Finance,Colombia as well as investment banks, private
Axxeltrova
Ministry of Finance, Japan banking businesses and corporate
Bain & Company
Ministry of Land, Infrastructure, Transport finance houses. Students interned
Banco De Credito across Europe, Asia, the US and the
and Tourism
Bank of Japan Middle East. Some of the firms they
Mira Companies
Barclays worked at are listed below:
NBK Capital
Bavaria Industries Group
Nomura
BCI Asset Management
Oak Smart Technology Aerius Associates
BDA Partners
Origin Research Altaone Capital
Blackrock
Paing Myanmar Group of Companies Arion Investment Managemet
Bloomberg LP
Palm Harbour Capital Axxeltrova
BPI
PGIM Bank of America Merrill Lynch
Bronfman
Pimco Blackstone
CBRE
PwC
Cedarlake Asset Management CBRE
Reserve Bank of Australia
Central Bank of Peru Citi
Reserve Bank of India
Central Bank of Turkey Consilium Capital
Riyad Bank
CIMB Credit Suisse
RSA
Citi EBRD
Samsung Asset Management
Commercial Bank Forum Family Office
Sandbar Asset Management
Consilium Capital Goldman Sachs
Sanlam FOUR Investments
Credit Suisse Greenwoods Asset Management
Seoul Regional National Tax Service
DBS Bank Nomura
Sequoia Investment
Deutsche Bank Origin Research
Siam Commercial Bank
EY Pimco
Smartkarma Innovations
Financial Supervisory Service, South Korea RavenR
State Oil Fund of Azerbaijan
Glen Point Capital
Superintendency of Banking and Insurance, Robeco
Glennmont Partners
Peru
Goldman Sachs
Sura Asset Management
Goldman Sachs Asset Management
UBP
Gore Street Capital
Veda Corp Investment Banking
Government of Singapore
Willis Towers Watson
Guotai Junan Securities
Ingenieros Civiles Asociados

London Business School Masters in Finance Employment Report 2017 Hiring employers 5
 Introduction Employment statistics Alumni Career Centre Portfolio

Alumni profile

Rocio Pineda (Mexican), Masters in Finance Full-time 2018

The direction of your career path following your Masters in Finance is up
to you – your ambition, your drive and your aspirations in the world of
finance.
Rocio Pineda spent four years at Goldman Sachs, most recently in its investment banking
division in New York, before applying to London Business School (LBS). “I wanted to
come to LBS to make the transition into real estate private equity,” she explains.
Her talents won her a Merit Scholarship to study the Masters in Finance (MiF) Full-time
programme. “I can’t thank LBS enough - it’s an incredible privilege to receive this award
from a leading international institution. I was shocked when I heard the news! I think
it shows LBS is committed to bringing high-calibre candidates to the programme and
supporting them along their journey.
“I was looking to study at a top business school where I’d gain a global network,” she
adds. “I wanted to make connections in Europe.” She was impressed by the warm
responses she got from LBS ambassadors. “I was used to a culture at Goldman where
you always get a reply. A person I contacted at another school in the UK said they
couldn’t speak for two months! The LBS alumni I reached out to were so different –
there’s real collaboration. There are so many professionals I can reach out to thanks to
the LBS network.”
About to graduate from her Masters in Finance, Rocio is confident she will secure a great
job thanks to the LBS Career Centre. “The advisors have had successful careers in the
finance industry before coming to LBS – they know what they’re talking about and have
the right connections. Down the road I would love to have my own private equity fund.
That’s the dream.”
In the meantime, she is working as a summer associate at Real Asset Partners, the
founder of which (who also took a MiF at LBS) was impressed by Pineda’s credentials
and experience. Pineda represented LBS at the MBA Wharton Private Equity Competition
in New York and took part in the Investment Banking and Private Equity treks, also in
New York. Ten students were selected to attend the Private Equity Trek – Rocio was the
only woman.

“You have to be really good at your job if you want to work in

investment banking or private equity – it’s tough for everyone. But it
doesn’t matter if you don’t fit the stereotype; you just need to stay
focused, work really hard and create your own journey.”

Rocio Pineda (Mexican), Masters in Finance Full-time 2018

London Business School Masters in Finance Employment Report 2017 Alumni profile 6
 Introduction Employment statistics Alumni Career Centre Portfolio

About the Career Centre

The mission of Career Centre is to equip students with life-long career

skills and to help them maximise their career potential.
Many of our Career Centre experts have extensive finance knowledge and experience.
They partner with you to develop your career plan and help you shape career goals. The
team also works with leading finance recruiters across sectors including banking, asset
management and private equity.

Comprehensive career support

■ Sector recruitment managers and coaches to help you plan your career goals
■ Online job resources with sector insights and employer profiles
■ One-to-one coaching, group training and online resources
■ Advice on CVs, applications and interviews
■ Mock interview training
■ Practical networking skills
■ Advice on working with headhunters
■ Student/recruiter events on campus
■ Alumni Career Centre support

Career Centre team

The Career Centre comprises more than 45 permanent staff, many of whom have real-world finance experience to help students
achieve their career goals. Some of these team members include:

Christian Dummett Jessie Zhu has 13 Richard Bland joined

accumulated more years of experience LBS in 2009, having
than 20 years of across investment spent more than 20
finance experience in banking and career years in the finance
banking and private development. Jessie is industry including 10
equity before joining a MiFPT2011 alumna. years as a rates trader.
LBS in 2013.

Ki Kuganesan joined Alexandra Leahu has Tim Mann has more

LBS in 2013 having ten years’ experience than 20 years’
started his career in in M&A, financial experience as an
hedge fund and communications, and equities investor at
investment business leading investment
management executive development. management firms.
search.

London Business School Masters in Finance Employment Report 2017 About the Career Centre 7
 Introduction Employment statistics Alumni Career Centre Portfolio
London Business School programme portfolio

 Years of experience 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Course
Masters in Financial Analysis
Masters in Management
Global Masters in Management
MBA
Masters in Finance (full-time)
Masters in Finance (part-time) 
Executive MBA
EMBA-Global Americas
and Europe
EMBA-Global Asia
Sloan Masters in Leadership and
Strategy
Alumni
Executive Education
 Years of experience 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Key: Range of work experience in class Key target range of work experience Average class work experience

Masters in Financial Analysis Masters in Finance LBS Sloan Masters in Leadership

12-16 months / full-time / London
For recent graduates looking to embark on
a career in finance.
Masters in Management
12-16 months / full-time / London
For recent graduates with less than one
year of full-time postgraduate corporate
work experience or with less than two
years in a non-traditional business role.
Global Masters in Management
24 months / full-time / London and
Shanghai
For recent graduates with up to two years’
full-time postgraduate work experience.
Strong interest in Asia and knowledge of
Mandarin highly recommended, but not
mandatory.
MBA
15–21 months / full-time / London
For individuals who are looking to make a
vertical shift in their career path, change
industry or job function, or develop an
entrepreneurial toolkit.
All admissions decisions are taken in accordance
with best equal opportunities practice.
10–16 months full-time/
22 months part-time / London
For individuals wishing to advance their
career or change their area within finance.
Executive MBA
20 months / study while working
full‑time / London or Dubai
Designed for those who want to accelerate
their career into general management or
move beyond their technical or functional
specialism.
EMBA-Global
20 months / study while working
full‑time / London and New York
For dynamic, mid-career managers and
professionals who are highly ambitious
and have, or aspire to have, transnational
responsibilities.
EMBA-Global Asia
20 months / study while working full­time
/ Hong Kong, London, New York
For dynamic, globally-focused executives
and managers wishing to deepen their
understanding of western and eastern
business practices.
and Strategy
12 months / full-time / London
Designed to prepare experienced senior
managers for their next career challenge.
Alumni
Available for recruitment all year round
/ Global
Based in more than 150 countries
worldwide, our alumni community consists
of more than 42,000 globally­focused
professionals.
Find out more
Masters Programmes
Telephone +44 (0)20 7000 7500
Email masters@london.edu
Executive Education
Telephone +44 (0)20 7000 7390
Email execinfo@london.edu
Recruit students from any of our
Masters programmes
Telephone +44 (0)20 7000 7400
Email careercentre@london.edu

London Business School Masters in Finance Employment Report 2017 London Business School programme portfolio 8
www.london.edu/mif

London Business School

Regent’s Park
London NW1 4SA
United Kingdom

Tel: +44 (0)20 7000 7000

www.london.edu

© 2018 London Business School