The Newest MBA Jobs in London
While many MBA graduates from U.S. schools opt to pursue careers close to home, there are many who wish to take their skills abroad.
This week’s list of jobs sheds some light on London, a global financial hub and cosmopolitan city that has long been an ideal setting to start one’s professional journey in Europe. MBA graduates with international aspirations would do well to continue reading about some of the newest London finance careers.
Consultant — Bain and Co.
With 58 offices in 37 countries, Bain and Co. is a global consulting firm that works closely with clients to deliver the results they deserve. The company is considered to be one of the best places to work, having won Glassdoor’s “Best Places to Work” award four non-consecutive years (2012, 2014, 2017, 2019).
Bain is currently hiring Consultants for its London office. In this position, the new hire will lead a small team. Together with said team members, this person will work closely with clients both in the United Kingdom and throughout the European continent. The position requires at least five years of previous relevant experience, and an MBA is required.
Key responsibilities include:
- Researching the client’s organization and industry
- Identifying issues, developing hypotheses, and executing analyses
- Creating a plan of implementation and managing its execution
More positions can be found at the Bain website.
EII EMEA Product – Thematic Segment – Associate/Vice President — BlackRock
BlackRock is a global investment management firm based in New York City. Originally founded in 1988, it is now the world’s largest asset manager with $6.84 trillion in assets under management.
BlackRock is hiring an Associate/Vice President for its London office. The person hired to this position will work as a member of the ETF and Index Investing Product Team, which is responsible for product management, new product innovation, and commercialization of the iShares UCITS ETF range. The new hire is responsible for helping the company position itself as a market leader and strong partner to its clients. The position requires at least five years of relevant prior experience, and an MBA is preferred.
Key responsibilities include:
- Creating and coordinating investment insights around thematic investing
- Coordinating internal training for global sales teams
- Overseeing launch of new products
More career opportunities can be found at the BlackRock website.
Sales Lead UKI – Procurement Services — IBM
International Business Machines, better known as IBM, is a juggernaut in the technological world. IBM is obviously well known for its mainframes and numerous contributions to our modern world (e.g., ATM, magnetic stripe card, hard disk drives), you might also be acquainted with the company’s more recent work with cloud computing and artificial intelligence, exemplified by Watson.
IBM is hiring a Sales Lead for its office in London. The person hired for this position will work to increase IBM’s presence in the United Kingdom and Ireland by gaining new clients and growing and developing a sales pipeline. This position requires candidates to have a history in either procurement or a service environment as well as experience of delivery in a consultancy or shared services environment. This position requires candidates to possess an MBA.
Key responsibilities include:
- Developing and maintaining working relationships with sectors through cluster leaders and account partners
- Managing the development of the sales opportunity pipeline
- Developing innovative commercial models
There are more opportunities posted at the IBM website.
Engagement Manager — McKinsey and Company
McKinsey is well known as a power player in the consulting world. Initially founded as a small operation in 1926, the company has since expanded to 127 offices with a global staff of over 27,000. While the company maintains a tight grip on its PR, McKinsey’s effects are felt throughout the marketplace.
McKinsey is hiring an Engagement Manager to work out of its London office. The person hired for this position will lead a team of three to five consultants with the aim to help clients achieve new highs. The new hire will work on-site and is responsible for the overall project and its outcome. This position requires relevant prior experience, and an MBA is required.
Key responsibilities include:
- Designing and implementing business performance approaches
- Working closely with clients to ensure positive, sustainable results
- Gathering and analyzing information
The McKinsey website has listings for more positions, both in London and elsewhere.
Tech Interests and West Coast Jobs Spike in New Northwestern Kellogg Employment Report
Last week, Northwestern University’s Kellogg School of Management released its 2018 Employment Report revealing a record number of graduates going into the tech industry (28 percent) and more companies hiring Kellogg talent than ever before. Other highlights include a growing number of graduates headed to the West Coast for jobs (around one-third) and a steady employment rate with 94.6 percent of students receiving a job offer three months post-graduation—a slight increase from 94.1 percent last year.
Kellogg Job Offers and Salaries Remain Stable
Over the last two years, Northwestern Kellogg has witnessed strong and steady base salaries and job offers with little to no change. Although the number of MBA graduates heading into consulting decreased slightly this year (down to 30.1 percent from 32.9 percent), the median salary was $147,000 for both years. The technology industry had similar results though interest increased year-over-year (24.9 percent in 2017 compared to 28.3 percent in 2018). Median base salaries in technology stayed consistent with just a slight increase from $125,000 in 2017 to $130,000 in 2018.
As for graduates seeking employment, in both 2017 and 2018, around 82 percent of MBA students were looking for a job. Of those students, 94.1 percent received an job offer last year compared to 94.6 percent this year.
“We are thrilled to see the continued strong demand for Kellogg talent across a diverse range of industries and geographies,” Kellogg admissions says.
Kellogg Students Head to the West Coast & Work at a Range of Companies
One of the most notable differences this year was the number of MBA graduates heading to the West Coast. Thirty-three percent of students took a job in the West, the highest percentage ever. That change correlated to a decrease in interest in the Midwest down to 26.1 percent from 30.2 percent. However, more students took an international job compared to last year (12.8 percent in 2018 compared to 10.9 percent in 2017).
Another stand out in this year’s employment report was the growing breadth of companies hiring Kellogg talent. Last year, 207 companies were responsible for employing all 500-odd students. This year, 228 companies hired MBA graduates, “illustrating that Kellogg equips its graduates for jobs anywhere,” Kellogg admissions wrote.
As for the top companies hiring graduates, that prestige went to The Boston Consulting Group and McKinsey & Company, both of which hired 33 grads. Other top employers included Bain & Company (24), Amazon (21), and Deloitte Consulting LLP (12).
This article has been edited and republished with permissions from its original source on Clear Admit.
NYU Employment Report Reveals Employment, Salary Jump
The NYU Stern School of Business released its 2018 MBA Employment Report at the end of last month, revealing that more graduates in the Class of 2018 had accepted full-time job offers three months after graduation than anytime in the past five years. Not only that, many recent grads reported a large jump in salary and bonuses. There are just a few of the highlights from this year’s employment report, which also Amazon topping the this of MBA employers for the second year in a row.
NYU Employment Offers and Salaries Increase
This year, 93.7 percent of MBA graduates from Stern had accepted full-time job offers three months out from graduation. This was up from 91 percent last year, and higher than every year since 2013. As for compensation, average base salary jumped 6.5 percent year over year, to $129,059. Average signing bonus, meanwhile, increased 7.5 percent, to $35,637.
“We begin working hand-in-hand with our MBA students on the recruitment process before they even arrive on campus for their first semester,” says Beth Briggs, Stern Assistant Dean of Career Services. “Our early and continuous engagement, coupled with the quality of our students and a strong employment market in New York City, has led to great results across a variety of career paths. For Stern’s MBA class, the percentage of graduates who accepted job offers within three months of graduation is the highest in five years. Average salaries, average signing bonuses and the number of students reporting signing bonuses have also increased over last year.”
Consulting and Investment Banking Lead Stern Industries
When it comes to where Stern graduates work, the data remains consistent. Consulting and investment banking are the two most popular industries, luring 28.4 percent and 26.2 percent of the class, respectively. This represents a slight increase for both industries over last year. In 2017, consulting drew 26 percent and investing drew 23 percent. Technology and telecommunications stayed steady at 16.5 percent this year, on par with 2017. The only other notable changes in terms of industry appeal were a small dip in consumer packaged goods (falling to 5 percent, from 7 percent last year) and a slight increase in law (rising to 4 percent, from 2 percent).
“While the top three industries employing Stern students are consulting, investment banking, and tech, graduates are pursuing roles in a range of diverse areas including growing industries like fintech,” Briggs explains.
Amazon Hires Most Stern MBA Graduates
Amazon took the top spot for the second consecutive year as the most prolific hiring company of NYU Stern grads. Other top employers of graduates from the Class of 2018 included Credit Suisse, McKinsey & Company, J.P. Morgan, IBM, and Bain & Company. About 77.6 percent of grads accepted jobs in the Northeastern U.S., and 13.2 percent went West.
The majority of students (49.7 percent) received offers of employment from the companies where they completed their summer internships. Of those who chose not to accept a job where they interned, 20.1 percent received an offer from an on-campus scheduled interview. In addition, about 9.7 percent found their job through Stern job postings. The rest of the class found jobs through personal contacts (6.3 percent), external job boards (4.7 percent), or alumni (3.1 percent).
You can view the complete NYU Stern 2018 Employment Report here.
This article has been edited and republished with permissions from Clear Admit.
What Are The 5 Highest Paying Consulting Firms in the World?
“Is this going to be worth it?”
If you are currently or have ever considered earning an MBA degree, it’s likely that you’ve asked yourself this question. Given the burgeoning cost of tuition—especially for top business programs—plus the loss in income and cost of living while pursuing your education, it’s a fair question to ask. Does it make sense to invest this sort of money into your education with no guaranteed result?
Of course, many of the benefits of earning an MBA simply can’t be quantified and boiled down to raw numbers. The new opportunities created through study abroad or case competitions, the expansion of your professional network and chance to connect with industry professionals. All of these considerations can make it difficult to ever truly gain perspective on an MBA degree’s worth.
Thankfully, there are some areas where the numbers still do the talking. In particular: post-graduate salary. This is one of the easiest and simplest ways to see the true value of an MBA. And it’s not just helpful to look at the increase in salary after earning an MBA—it can be just as enlightening to see the difference in post-graduate salary for various MBA concentrations. This data can help you make important choices about what kind of path you’d like to pursue while earning your MBA, and how to make the most out of the time and money spent on your education.
U.S. News & World Report found found that strategy, while one of the least popular MBA concentrations (chosen by just 4.3 percent of business school students), led to some of the highest paying jobs after graduation. Since students concentrating in strategy typically go into jobs at consulting firms following graduation, they are more likely to earn high salaries that can help increase the overall value of their degree—not to mention pay off their student loans much faster.
For students looking to increase the worth of their MBA with a high-paying job in consulting, we’ve rounded up the highest paying firms in the consulting industry. Working towards careers in these top companies will guarantee that the answer to “is this going to be worth it?” will always be “yes!”
The 5 Highest Paying Consulting Firms
Formerly known as Ernst & Young, EY-Parthenon is one of the top paying consulting firms for MBA graduates. The company is headquartered in London, England, with more than 250,000 employees at offices throughout the world. EY is known as one of the “Big Four” accounting firms, joining Deloitte, PwC, and KPMG as the four largest professional services networks in the world. Last year, EY was also named 29th on the “100 Best Companies to Work For” list from Fortune.
According to Business Insider, EY-Parthenon employees with just an undergraduate degree make up to, on average, $110,000 annually, including base salary, signing bonuses, and extra incentives. Management Consulted data found that MBA grads earned an astounding base salary of $170,000 at the company. That figure doesn’t include signing bonuses, relocation expenses, and more.
Founded in 1926 by University of Chicago economics professor James McKinsey, McKinsey & Company has transformed into one of the world’s most iconic consulting empires. The company has opened in more than 120 global cities, employing more than 14,000 consultants—many of which comes from prestigious MBA institutions.
According to Management Consulted data, McKinsey & Company is the second-highest paying consulting firm in the world for MBA grads, with offered base salaries coming in at $152,000. With an added potential performance bonus of $35,000, those figures can rise to $187,500 in just one year.
Strategy& has grown exceedingly since its beginnings as Booz & Company in 1914. One of the top global strategy consulting firms in the country, the company now has 57 offices throughout the world, revenue upwards of $1.3 billion, and 3,000 employees. Nearly a century after their founding, in 2013, the company was acquired by PricewaterhouseCoopers (PwC) and officially renamed to Strategy&.
The company comes in third overall among for annual base compensation for MBA grads, at a lofty $152,000. The company also offers one of the most unique and lucrative retirement funding options for consulting employees, with 6 percent of base salary and bonuses matched for its 401k plan.
L.E.K. is technically the youngest company to make the top five, which was founded in the early 1980s by former Bain partners James Lawrence, Iain Evans, and Richard Koch. Headquartered in both Boston and London, L.E.K. is also the smallest company on this list, with around 3,000 employees.
Despite its size and relative newness in comparison to many of the other companies on this list, L.E.K. pays its employees more-than-handsomely, offering a tempting base salary of $150,000 and upwards of $25,000 in performance-based potential incentives.
Bain & Company, headquartered in Boston, Massachusetts, is a global management consultancy firm providing advice for public, private, and non-profit organizations. Along with the Boston Consulting Group and McKinsey & Company, Bain & Company is one of the “Big Three” firms. Founded in 1973, Bain & Co. today has more than 8,000 employees throughout the world and an estimated revenue between $3.7 and $4.5 billion.
Bain offers its recently employed MBA grads a starting base salary comes in slightly above aforementioned Deloitte employees, snagging $148,000 per year, which can grow to $185,000 in total compensation.
Honorable Mentions
The Boston Consulting Group, founded in 1963, now has more than 90 offices in 50 countries, advising clients throughout the private, public, and not-profit sectors.
The Massachusetts institution offers its MBA graduates right around the same compensation as Bain & Co, the companies unofficial direct competitor. Base salaries come in around $147,000, but massive (and we mean massive) bonus incentives can bring that total up to $191,100.
Another one of the “Big Four,” Deloitte has witnessed non-stop growth since its founding in 1845. Today, the firm makes more than $38.8 billion USD in revenue with roughly 263,900 employees throughout the world. As of 2016, Deloitte was ranked as the sixth largest privately owned organization in the U.S. The firm’s offerings span across audit, tax, consulting, financial advisory, and enterprise risk services, with offices across the world in cities like Los Angeles, Tokyo, Madrid, Tel Aviv, and many more.
Management Consulted data found that MBA grads at Deloitte reported a base salary slightly smaller than its aforementioned contemporaries, pulling in $140,000 per year. Deloitte separates itself from its competition by offering returning interns a potential to pay for the send year of their MBA education in the form of reimbursement.
2018 Trends: How Much Can You Get Out of a Boston MBA?
Boston, the largest city in New England, is often considered the academic, economic, and cultural center of the Northeastern United States. Beantown is also considered one of top college towns in the country thanks to its numerous esteem colleges and universities. Lots of that talent sticks too: Forbes ranks the city as one of the best places for business and careers. Continue reading…
Facebook Tops Glassdoor’s 100 Best Places to Work List
Employer review website Glassdoor, which allows users to read anonymous employee testimonials about employers, has revealed its annual “Best Places to Work” list, with familiar MBA recruiters Facebook, Bain & Co, and Boston Consulting Group (BCG) earning the top three spots.
Why Facebook?
Since 2011, the social media empire has been one of Glassdoor’s most praised companies to work for, earning a top five spot seven out of the past eight years, including three number one overall awards. Facebook employees are often given extensive benefits, including four months of paid maternity leave—a policy often considered a luxury in the U.S., which has no legally mandated paternity leave policies for employers. As well, earlier this year, Facebook COO Sheryl Sandberg announced the company would implement paid sick time for employees and family members.
With increasing revenue streams, the company’s hiring numbers have continued to swell, with nearly 19,000 employees as of earlier this year—a 38 percent jump from March 2016 to March 2017. In fact, just this week, the company announced it will be adding 800 more jobs at its new London office.
Data via Facebook, graphic by The Atlas/via Quartz.
Of course, the central pitch to work at the social media monolith may be predicated on the payment of employees. According to Paysa, the average Facebook salary is north of $250,000 annually, combining base pay, bonuses, and equity. Most jobs at the company start at, at least, $70,000 USD annually, with business management roles starting at $135,000.
The company has also made a concerted effort at diversifying its hiring. Speaking with Forbes, Lori Goler, vice president of people, said, “Diversity is critical to our mission at Facebook, because we serve a community of 2 billion around the world, and of course there’s diversity in that community.”
The company, according to Forbes, employs between 33 and 35 percent women, and there has been considerable gains among women employed with computer science and engineering backgrounds, as well as a 500 percent increase in employment among those of African descent since 2014. In the interview, Goler added, “We’re nowhere near where we want to be, but we’re at least hearted to see that at least we can make some progress.”
Check out Facebook’s graduate student recruitment page here.
Consulting Companies Still Reign
While certain statistics indicate a wave of MBA grads may be leaving consulting in favor of tech-centric employers, as evident by the recently released Northwestern University Kellogg School of Management employment report, consulting companies are remain one of the primary targets for MBA students and graduates, and for good reason.
Bain & Co., like Facebook, has been endlessly praised by Glassdoor reviews, ranking among the top four best places to work every year since 2009. Like most of the companies on the year-end list, Bain offers ample benefits, including several months of paid maternity leave, comprehensive vacation and insurance policies, and one of the world’s best 401K offers. Fellow Boston metro company BCG also officers a considerable parental leave benefits package, retirement planning, and lofty salaries.
Inside the New York City BCG office/Photo via BCG.
Like Bain, BCG makes a concerted effort to bring in incredibly comparable MBA graduates, recruiting students from multiple prominent business schools like The Wharton School, NYU Stern, Columbia Business School, and many more.
Some Traditional Companies Remain Steady, While Giants Like Apple Stumble
Tech empire Google, not surprisingly, held its place among the top 10 companies—having never fallen lower than eighth overall since 2012. Just outside of the top ranking companies, McKinsey & Co. stayed within the top 20, while other notable heavyweights like Microsoft (39th), Capital One (69th), Deloitte (77th), Accenture (83rd), and Apple (84th), the world’s most successful consumer company, fell to the lower ends of the list.
Despite having the second most profitable year in company history, falling shortly behind it’s 2015 figures, Apple has been steadily dropping down Glassdoor’s annual Best Of list, posting its worst standing in the history of the ranking—nearly 50 spots worse than last year’s ranking of 36th overall.
Considering, however, that the annual ranking is comprises of over 500,000 companies, this drop may not be as serious as it would appear. The overall Glassdoor rating for Apple was 4.3, in contrast to Facebook, which boasts a current 4.6 rating. The average Glassdoor rating for employers, for context, is 3.3.
Some Surprises
Not every company included in the Glassdoor Best Of list could be considered a traditional MBA recruiters, including beloved U.S. west coast fast food chain In-N-Out Burger (fourth overall), growing athletic leisurewear empire Lululemon (sixth), wine company E. & J. Gallo Winery(14th), Delta Airlines (17th), and The Church of Jesus Christ of Latter-day Saints (19th), which provides “Excellent dental and medical coverage,” according to an anonymous employee. Plus, “you work with people who don’t swear.”
For a more extensive overview of the methodology behind the ranking, click here.
