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QS Research 2007

ed. No part on of the

written

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Copyright © QS R

Conten

1. Introdu

Who will

2. Summa

3. Method

4. Compa

5. Long Te

Reaching

6. Short T

6.1 Dem6.2 Dem

6.6.6.6.6.

6.3 Dem6.6.6.6.6.6.

6.4 Func6.5 Expe6.6 Skills

7. MBA Sa

7.1 Glob7.2 Salar7.3 Bonu7.4 Tren7.5 Strat7.6 Regi

7.7.7.7.

8. Append

Research 2007

nts

uction

l be interest

ary of Find

dology and

nies Surve

erm MBA R

g a new peak

Term MBA

and for MBAand for MBA2.1 North Am2.2 Europe 2.3 Asia 2.4 Latin Am2.5 Global vand for MBA3.1 Consulti3.2 Financia3.3 Technolo3.4 General 3.5 Pharmac3.6 Small En

ctional Roleserience Leves

alaries and

bal trends in ry & Bonus Cuses nds by Regiontegies for MBonal Focus 6.1 North Am6.2 Europe 6.3 Asia 6.4 Latin Am

dix – Some

ted in the su

ings

Credentia

eyed

Recruitmen

k

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As As by Region merica

merica versus Local As by Sector ng

al Services ogy Industry ceuticals andnterprises ans ls

Compensa

2007 Combined

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Paul Danos,the demand

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QS further recruiters ato share infthe last 17 y

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mary of

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ters around or MBAs is m Internatios earned in t

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s “Today… a through the

are in the particularly cruitment aninternationa

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estern Europcompared to -downturn leease reflectp talent. Th leading the

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ch by the ob virtue of thby the bank ningful trend

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upward marc

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midst of a in the serv

nd Salary Rel markets to

that MBA deows for the se technology4% (18%), an

pe have incre a worldwideevels of 200ts a high lehe average bonus field,

ong preferenmmunication aught by bugraduates, t

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massive 6.5%n MBA salariorth Americamism amongonus is a sizerage bonus

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national Recruit

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QS Research 2007

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The 489 natfor the comto provide osome of thefound in the

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tional and inmponents of on the valuee organisatioe Appendix a

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national Recruit

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ter Survey 20077

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news for bustensifying on reports thats have increa

untries arounnge or who wt they gradutop business

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nd the worldwish to startate into a "h schools is in

ls is that Mose Martinel

US applicatior 30%.

d, we see a t their own bhot" job marcreasingly co

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rise in demabusiness. Thket, making ompetitive.

leading network f

flected in acations worion or industr time away50% during lso resulted

pplications trldwide. In try were reluy. This trend these years in less comp

to do an MBsome count

uctant to takd was evidens – a periodpetition to g

BA. Betweentries, youngke a risk andnt in the US,d of Chinesegain entry to

n g d

e o

ions are agae Dean of Admeased by 100

ain on the rimissions at C0% in two ye

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mpetition forduate Schoolnternational

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dates look ve

ongst people are trying tery attractiv

who seek ao time theire. However,

a r

9 Copyright © QS for education andd career developmment

10 The

6.2 Dem

6.2.1 Nor

In the USATopMBA.com

Demand is more selecbecause MB

Debbie Sehthe years bsuccessful iand/or higundergradu

However, mMBAs whichobserves “Dmisaligned school/repu

For many ccareer postgrowing numtheir careeschool searc

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6.2.2 Eur

MBA recruitcompetitiveminded futu

Usha Kakarexperience,(although so

Several Weemploymenregime thafinancial anThe Germaseems set Manchesterrecruiters in

e world's leading

mand for

rth Americ

A, the largem Recruiter

growing bott entry poo

BAs bring in t

ulster of Ingby bringing oin recruitinggh potentialate students

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utation of pr

candidates, et-MBA in ordmber of can

er aspirationch and a red

challenge foonfirms that t. The Direal students a

at 90% of thbut a handfuience in the

rope

tment is vere. Lucy Tarraure leaders.”

ia-Cayaux of, conscious dometimes so

estern Europnt, particulat is favourand technologn economy ion revitalisi

r Business Scn many West

network for educ

MBAs by

ca

est MBA em Survey.

th amongst ol. Maryana the new tale

gersoll Rand on a handful g and retainl leaders ins and throug

rial companieir skill requupon the unthe candida

rogram and s

entry to a tder to pay bandidates are ns. This requduced relianc

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ry much on tant of Barcla”

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pean countrrly due to tble to MBAsgy companieis also on thing the induchool says “tern Europea

cation and career

y Region

mployment m

mainstreamAyerbe of M

ent and energ

USA says “W of MBAs eaing high caln our organh our relatio

ies are havinuirements atniversities aates actuallyskill set of hi

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tudents to our market ti

he Career Sl-time posititional studets were unabn MBA.

the agenda oays Bank say

erlands says evolve, interface level).”

ries are becthe implemes of almost es regularly e move. Fraustrial secto“increasinglyan countries

development

market, rec

, high volumMerrill Lynchgy that the b

We have beech year. Wibre talent nization. MBonship with s

ng to look ot a competitand the skily bring to tires.”

business schos, as well asoking for spee thorough l rankings.

obtain H1 viightens, recrService at Wions in the Unts obtainedble to stay b

of Europeanys “To becom

“we look forest in conti”

coming hot entation of tany nationarecruiting M

ance remainsor and majoy the MBA i, as has been

cruitment is

me recruiterh USA says business nee

en able to ime have a rigthat in the BAs bring uselected scho

utside the ttive salary. ls sets requthe table.

ool channelss natural peeecialist smalself-assessm

sas to stay ruiters are fWharton co

United Statesd work permbeyond their

-based compme a truly g

or MBAs for inual learnin

spots for Mthe Highly Sality. Spain aMBAs, as wels sluggish, thor companies becoming n the case in

booming a

rs and comp“we are incds to grow.”

mprove our lgorous hiringlong term bus greater ools.”

top-tier schoMesha Mott

uired, salaryThis usually

s them into er-pressure tler schools w

ment prior t

and work infinding ways omments, "Os last year." Amits to stayr F1 visa whi

panies seekilobal bank,

their learning and broad

MBA recruitkilled Migraand Italy hall as a growhough a news are active the main sn the USA for

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again accord

panies seekincreasing our”

leadership stg process andbecome highbusiness ac

ools in order of Mead Wey requiremey is a funct

a banking oto get the ‘which can bo the MBA,

n the US, th to hire the Over 60% oAt UC Irviney and work ich guarante

ng to be intwe need int

ng agility, id manageme

ing. The UKnt Programmave growing wing consultiw right wing e. Dominiqustream qualir many years

QS Research 2007

ding to the

ng a smallerr MBA hiring

trength overd have been

h performingcumen than

r to find theestvaco USAnts may be

tion of both

or consultingbest job’. Aetter match a thorough

ough recent people theyf Wharton's, Tom Kozikiin Southern

ees a year of

ternationallyternationally

nternationalent exposure

K is at fullme, the visa numbers ofng industry. governmente D’Arcy ofification fors.”

7

e

r g

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t y s i n f

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l a f

t f r

In Central Ebut mainly growing dom

Europe, the M outside themestic dema

MBA is less peir home coand for MBAs

prominent. Gountry. Russis.

Good Czech oia is the on

or Hungariannly Eastern E

n candidates European m

are highly smarket with

sought after,a large and

d

Graham Hascan’t see athe currentDominique actively, buKPMG, E&Ycompanies pool of MBAtechnology

stie of Londoany clouds ont £/US dollaD’Arcy of Mut they haveY and Deloithave been eA employers and telecom

on Business Sn the horizo

ar exchange anchester Be been jointte’s all of

enticed into ts compared ms companie

School obseron. We expe rate, the Uusiness Schoed by comm whom are the MBA marto the pre-ds."

rves: "The MBect most studUK is now paool says "the mercial bank

targeting Mrket in the ladotcom era.

BA job markedents to havaying the hi I-banks andks and the pMBA recruitiast three yea We are als

et in Europeve several ofghest salarie

d strategy coprofessional ng this yeaars and they so seeing re

e is at recordffers at grades for MBAsonsultants ar service com

ar. And man have enlargnewed activ

d levels and Iduation. “At worldwide.re recruitingmpanies likeny industrialged the totalvity amongst

I t

g e l l t

But the reaseeking MBexample OCHastie confto double in

al news in 2BAs in large C&C has acqfirms that Dun size every

2007 is Duba numbers, iquired Middubai and the six months a

ai. D’Arcy cn particularle East Stra Middle East and are recru

comments “cr, Indian MBtegy Associa is a hot spouiting accord

companies iBAs who havates and is ot, “a bit likedingly.”

n Dubai areve some linkhiring activee the wild w

e booming aks with the ely from MBest – some b

nd they are region. ForBS.” Grahambanks expect

e r

m t

By contrastbecause theobserves “s

t, MBA demaey do not halary is a big

and in Africaave the righg barrier for

a is subduedht profile of African emp

. LBS have tf candidatesployers.”

turned away. Meryll Fol

y employers b of Standa

from Kenya rd Bank of S

and NigeriaSouth Africa

a a

6.2.3 Asiaa

In Asia, theworld and athe social Lehman Bremphasis m

e MBA is becoare focused oaspects of tothers Singa

more on comm

oming more on developinthe MBA. Buapore says munication,

in vogue. Asng excellent ut Asian rec“We tend t interpersona

sian candida technical skcruiters are to focus lesal skills and

ates are amokills, often alooking for

ss on acadeleadership t

T. Takenouinterperson

China is theprograms athink the atthe averagewho works month for Tmay even se

Sei-Woong Yinternationatotally domin Asia andToday I thinthe MBA amestablished MBA manag

Australian Pharmaceutinteresting that jobs wintelligence

Research 2007

chi of Copernal skills, as w

e hottest mand Asian MBttraction fore MBA salary for TopMBATopMBA Careee a shortag

Yoon, an MBal career for

mestic focus. d now run Onk such a glomongst Asian MBA recruiers. I think t

employers ticals in Aus pool of pote

will fall in thee taught and

rnicus Associwell as a goo

arket. "More BA programsr these MBAs growth rate

A Careers in eers and thi

ge of MBAs in

BA alumnus fr a young As Since my MB

Overture. Myobal perspecn companiesitment progrthis trend wi

are somewstralia commential futureeir lap and f realistic car

ates in Japaod understan

and more M," says Michs is not the se is higher th China. He ris is only liken China in the

rom IMD andsian. Before BA, I workedy whole intective is even s. "In Korearams. Now will continue."

what more ments “MBAs e leaders witalse expectareer counsel

The world's

n agrees “wnding of Mar

MBAs are joinael Yang, Gstarting sala

han 15% per yreports thately to increae near future

d CEO of Ove I took my Md with Saatchernational m more impor, our largeswe are seei"

sanguine a are not theth broad busiations as to cling provided

leading network f

e favour theketing, Finan

ning Chineseeneral Mark

ary, but the year here in t "(they) arease further. e."

erture KoreaMBA, I workehi & Saatchi anagerial pe

rtant." He obst companiesng many mo

about MBA e be all and iness skills. Mcareer path.d.”

for education and

ngst the higat the expens well roundemic or techraits.

hest GMAT sse of integraed MBAs. Phhnical skills,

scores in theating fully inhilip Cho of, and place

e n f e

e many MBA nce, or Strat

holders who tegic Plannin

have strongng.”

g

e companies keting Managgrowing opp China." Yue

e generating With visa re

from internger, Motorolaportunity. F Zhang is an over 100 Mestrictions in

national MBAa (China). "I

For example, Oxford MBA

MBA jobs pern the US we

A I

A r e

, says "a toped in adverti in London, erspective wbserves the is, like Samsore compani

p MBA is a gaising in Korebecame a CO

was shaped ncreasing imsung and LGies seeking

ateway to anea and had aOO of Yahooby my MBA.

mportance ofG, have wellexperienced

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f l d

hiring. Mi end all howMBAs often c. I would like

itch O’Brienwever they rcome with ae to see mor

n, Emissaryrepresent anan arrogancere emotional

y n e l

11 Copyright © QS d career developmment

12 The

6.2.4 Lat

Latin AmeriMBAs choosYogesh Chathe right lev

Neverthelesto pick up minded leadto leaders w

"There is dmanagemenrecruit MBAand Banco not far behi

e world's leading

tin Americ

ica has also sing to studyvda of Proctvel of matur

ss, Latin Am the talenteders. Alejanwithin the or

definite movnt centre. MAs, as do coSantander, wind. The Mex

network for educ

ca

been a relay and work ter & Gamblerity”, but is o

merican comped nationals dra Herrera rganisation.”

vement in tMany Europensultancies which have xican market

cation and career

atively inact abroad in Ee Venezuelaoften thwart

panies are n choosing to of Asturer, ”

the market"an banks noand major iemerged as t is very stro

development

tive region fEurope or Na sees MBA reted because

ow reachingo study overMexico looks

" confirms tow own the ndustrial co regional baong, but we a

for MBA recrorth Americecruiting as “expectatio

g out to US, rseas, becaus for MBAs w

the Directormajor Latin

ompanies. Thnking leaderare seeing a

ruitment, wica. Salary al“an opportu

ons are too h

Spanish and use of the n

who “have gr

r at Institutn American Bhe biggest surs in Latin A region-wide

Copyright © Q

th most Latlso remains nity to gain igh.”

other Europneed for intreat potentia

to de EmpreBanks and tuch recruiteAmerica, thoe improveme

QS Research 2007

tin Americana big issue. people with

pean schoolsternationallyal to grow in

esa's careerhey actively

ers are BBVAough HSBC isent.

7

n

h

s y n

r y A s

6.2.5 Gloobal versuss Local Emmployers

More and mcompanies to our survefirms, invessectors.

more companhave recruitey had globastment bank

nies are gloters with gloal responsibiks, pharmace

bal in their bal responsiility for MBAeuticals, sup

operations bility for hir

A hiring. Thepplemented

without tiesring MBAs. Inese global reby a small n

s to any one total, 58 (5

ecruiters incnumber of c

e region. Ma56) recruiterslude strategompanies in

any of theses responding

gy consultingn most other

e g g r

In addition,These regiolocal emploMBAs.

, many recruonal and globoyers, but th

uiters headqubal recruiterhere are few

uartered in ors tend to p

wer in numbe

one locationay higher saers – there

n will have realaries and rare far more

esponsibility ecruit largere local empl

for a regionr numbers oloyers in the

n elsewhere.of MBAs thane market for

n r

Figure 6 sheadquarteand Latin Ahave report

shows the gered in the UAmerica still ted only limi

growth in nUS and Europ account forted plans fo

number of pe is fuellingr relatively fr an increase

MBA opportg the growthfew MBA ope in MBA hiri

tunities. Re in demand portunities aing.

egional and worldwide. and recruite

global MBA Local compaers in such o

A employersanies in Asiaorganisations

s a s

Copyright © QS

Figure 6: Tren

50

100

150

200

250

300

350

MBA

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and

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Tren

d in Employmen

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However, texample, mWestern Eu24% of thes(76% are pu

his data potmany MBAs in

rope. Althouse recruiters urely domest

tentially undn Asia, Latin ugh 44% of r have some

tic focused).

derestimates America andesponding reresponsibilit

the actual d Eastern Euecruiters arety for recruit

number of orope are hire

e based in Noting globally

opportunitiesed through horth America

y or in Europe

s in certain head offices a, Figure 7 e, Asia or La

regions. For in the US orreveals that

atin America

r r t a

Similarly, Esome respodomestic fo

European recnsibility for

ocused).

cruiters make recruiting g

e up 27% of oglobally or in

our sample, n North Ame

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ve 71% of thr Latin Amer

hese recruiteica (only 29%

ers also have% are purely

e y

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Figure 7: North

The predomcontinued pfrom proxigraduation.

0%10%20%30%40%50%60%70%80%90%

100%

e world's leading

orth Amer

h American and

minance of popularity omity to the

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cation and career

European Recruiterr Responsiibility by RRegion 20007

ruiter Responsib

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n 2007

e US and Wls. Internatio to meet s

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ponsibility

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MBA.com Intern

Western Euroonal MBAs asuch recruit

a Asia, Aust& New Zea

ean Recruiteers

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national Recruit

ope sheds lat these schters on cam

tralia land

Gloobala

ter Survey 20077

light on theools benefit

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e t e

14 QS Research 20077

Copyright © QS

6.3 Dem

6.3.1 Con

Top 10 Co

Accenture, IBM Consul(Roland Be

The consultbillion induhighs in 200

Responses recruiters aand outsourdownturn. targets to g

Overcapacitdemand ahe

Global-Worthe commugrow throuconsulting feature all

All the leadMcKinsey, historically growing segalso a largeconsulting, knowledge

The growingSiemens Machanged itshelping DelIBM, which numbers.

There are aSierra Systethe basis foMany such than visitinfocus on sal

Research 2007

mand for

nsulting

onsulting Re

AT Kearnelting, McKinrger & Partn

ting industrystry. After a

07; the consu

to the Topare actively srcing firms aLast year Er

grow revenue

ty in 2001 saead of 2001

kplace (wwwnity for 50 tghout the pjobs were lthe major co

ding firms hBCG, Accen hires betwegment of cone player in o Sej Butler or knowledg

g number ofanagement Cs name from l hardware c is, today, t

also a growiems, Canadaor good manfirms are usg schools. Tles and mark

MBAs by

ecruiters o

ey, Bain & Cnsey & Co, ners replace

y had been a temporary ulting marke

mba.com Inseeking manare re-staffinrnst & Younes to $2 billio

aw an MBA hlevels and, b

w.global-woop business

past three yeisted on theonsulting firm

ave returnednture, Bain,een 10,000 ansulting servoutsourcing of IBM UK

ge of solution

f corporate cConsulting s Dell Compucustomers tothe world's

ing number a finds MBAs agement consing search here is also keting.

y Sector

f MBAs in 2

Co, BCG, BooDeloitte Coed from 200

growing at slowdown aet is in the m

nternational y new peoplng their strag re-launcheon by 2009.

hiring cut bacbased on cur

rkplace.com schools arouears. Mike He site, an ims as well as

d to aggress Booz Allen

and 17,000 pvices, accounconsulting plooks for “sn areas.”

consultanciespecialises iters, reflecto plan their largest prov

of small sp the perfect nsulting. Andagencies, or a growth in

The world's

2007:

oz Allen Haonsulting, O06)

phenomenalt the start o

middle of a bo

Recruiter Sle in 2007. Inategy departed its busine

ck. A 22% (3rrent forecas

m), the careeund the worlHolmes fromncrease of os many smal

sive MBA hirn, and Rola

people, globanting for 65%projects andspecific pre-

s is experienn technologting the inte IT requiremvider of cons

ecialist cons talent pool d maturity anr web servic specialist c

leading network f

amilton, Ernliver Wyma

l rates for tof the new moom phase.

Survey suggen addition, ttments – maess advisory

8%) increasests, demand

er platform d, has seen

m Global Woover 20% inler firms.”

ring. In partiand Berger ally, each ye% of Accentu is benefitin-MBA skills -

ncing strong gy and businntion to buil

ments. Such ssultancy serv

sultancies lo “They havend analytical ces such as onsultancies

for education and

nst & Youngan/Mercer M

the last 20 ymillennium, t

est that larhe professio

any of whichy/business co

e in demand will continu

for global the number

orkplace says two years.

icular, the bare recruit

ear. Outsourcure's new busng from this - either dee

growth in Mness outsourld up its busstrategies fovices, by re

ooking to hie a strong ma

skills to intewww.global

s, for examp

d career developm

g Business CManagement

years, becomthe sector is

rger strategyonal servicesh were decimonsultancy d

for MBAs in ue to grow.

professional of jobs listes, “In 2006, Consulting

big strategy ting heavily.cing remainssiness. IBM C trend. For

ep industry

MBA hiring. Frcing. Dell hsiness consulollow in the evenue and e

re MBAs. Chanagement teract with sel-workplace.ple ZS Associ

ment

onsultancy,t Consulting

ming a $100 hitting new

y consulting, technology

mated in thedivision with

2007 places

ls, includinged on its site over 4,600 job listings

players like. Accentures the fastestConsulting isthis type ofand process

For example,has recentlyting divisionfootsteps ofemployment

hris Lavin oftoolkit that isnior clients.”com, ratherates, with a

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6.3.2 Financial Serrvices

The

Top 10 Fin

Barclays, CMorgan, Me

Almost all iand acquisibooming in recruit MBAassets, struThere are a

This demanhiring by uincreasing bbe found in

Maryana Ayto grow.”

Mergers andright now. debt and eprivate equone of the b

Belinda Regschools and

So what tura recruiter who can deenergetic aworkplace,

Insurance stUS there aTravellers (

A new featrecruiting irecruited thmeet the gr

6.3.3 Tec

Top 10 Te

Amazon, Av(BT, HP, Ph

Recruitmenincrease of field. Telecsoftware co

e world's leading

nancial Ser

Citibank, KPerrill Lynch,

nvestment btions, but th 2007 with mAs into globauctured finaalso many ba

nd for MBAs up to 80% iby 23% (24%) this survey

yerbe, Merril

d acquisitioMany bankin

equities, struity and weabiggest recru

gan of Fidelid the fact tha

rns a bright n at Deutscheemonstrate and not afra but also tak

teadily hiresre a numbepart of Citig

ture for 200in significanhrough a nerowing mark

chnology

echnology M

vaya Commhilips, Sams

nt of MBAs i 29% (17%). communicatompanies, lik

network for educ

rvices Recr

PMG, Ernst , Morgan Sta

banks activelhis is just onmost top banal markets (ance, corporack office po

collapsed din some off). All the big in the sectio

l Lynch USA

ns departmeng divisions ructured finaalth managemuiters of MBA

ity Internatioat candidate

new businesse Bank, her fa good undid of workin

ke into accou

s MBAs and per of insurangroup), CIGN

07 has been nt numbers. twork. Toda

ket opportuni

MBA Recrui

unications, ung replace

nto technolo Avaya Commtions compake Microsoft

cation and career

uiters of M

& Young, Ganley, UBS (

ly recruit MBne departmenks reportin(sales and trrate financesitions in ris

during 2001-2fices. 2007 banks are bon relating to

says “MBAs

ents are theare prosperance, publicment. FinancAs worldwide

onal prioritises are usually

s school gradfirm looks foerstanding ong hard. We unt what the

picked up notnce companiA, and Liber

the entranc In the pas

ay, they are ities.

iters in 200

Compusermed from 200

ogy companmunications nies such a and Oracle

development

MBAs in 200

GE Commerc(Deutsche B

BAs. Most peent within tg record trarading secur

e and increak, financial c

2003. Goldmshows a co

back on campo salaries.

bring in the

e driving foring, such asc sector ance hiring is ne. American

ses MBA hiriy very motiv

duate into a or, "high achiof our indus don’t just

ey have been

ticeably in 2ies that recrty Mutual.

ce of Privatst they have recognising

07:

man, Dell, Go6)

ies has fina is one of thas British Te for example

07:

ial Finance ank replace

ople associahe global ba

ansaction figrities, fixed asingly on-ancontrol and

man Sachs, Mompletely dipus competin

e new talent

rce behind Ms derivativesd private seno longer res Express is al

ng because ated to com

successful bievers who astry. We alsolook at wha

n doing outsid

2006 and thiscruit 10 or m

e Equity ane focused o the need to

oogle, IBM,

lly bounced he largest reelecom ande, have incre

& GE Capited from 200

te investmeanks – albeitgures. Most oincome andnd-off balantechnology.

Morgan Stanifferent envng for talent

and energy

MBA recruiti, hedge funector corpostricted to blso emerging

of “intensivemence a new

banker? Accoare both foco want peo

at an individde their aca

s trend has cmore MBAs

d Venture Con more exo recruit you

Microsoft, P

back, repoecruiters of Vodafone eased their i

Copyright © Q

tal, Goldma06).

an Sachs, JPP

nt banking wt a departmeof the top ba derivatives

nce sheet h

with mergersent which isanks look to

s), managingedge funds.

s s o g

ley and othevironment wt, evidence o

ers cut MBAwith demandof which can

A d n

that the bussiness needss

ng in investds, sales anrate finance

banks. GE Cag as a major

tment banksd trading ofe, property,apital is now player.

s f

w

e training frw career.”

rom businesss

ording to Angused and mople who areual has achidemic activi

gela Cassidy,otivated ande bright andieved in theities."

d d e

continued in each year s

2007. In thesuch as AIG,

e

Capital houseperienced Munger MBA g

es into MBAMBA alumni,graduates to

A

o

PTC, Vodafoone, Yahoo.

rting the laMBAs in theare very acintake. Chlo

QS Research 2007

rgest sectore technologyctive. Some

oe Chometon

r y e n

16 7

Copyright © QS

of Oracle Irof Career Se

We were unthat hiring strongly in t

Sue Warrenreported thleaders to tthe 'way we

6.3.4 Gen

Top 10 Ind

BP, Ford, GProcter & G

This broad steel and ftrends, but2007 surveytrade, growthe interest

In particulaan essentiasituations. Asuch as Genthe norm fDaimlerChry

Sangeeta La“are shoppicompany is

“For our puan MBA emAlberto PiccMBAs have b

The energy two drivers smaller, en“many of ththey come leadership p

Consumer gtraditionallymore peoplever increaas Diageo, P

For local idiscourage Gasca of Ri

Research 2007

reland looks ervices at UC

nable to obtin China, Tathis research

n at BT Rethat MBAs cathe companye do things a

neral Indu

dustrial MB

General EleGamble, Uni

grouping offor the purpt a common y reporting

wing inter-det in MBAs acr

ar, those orgal pool of intA sizeable nneral Electrifor more thysler have es

aForges of Ging the mark a challenge

urchasing funmployee is recone of Fordbeen shrinki

sector has r of this trend

ntrepreneuriahe big oil co up for retprogrammes

goods compay hires 50+ Mle graduate

asing numberP&G, BAT an

industrial coMBAs from pittal Disprel,

for MBAs wC Irvine says

tain significaaiwan and Koh in the futu

ail, which wn "challengey. These araround here'.

ustry

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ctric, Generilever (Siem

f industries pose of this theme has ban increase

ependence oross the sect

ganisations tternational mumber of MBic, Ford andhan twenty stablished M

General Motoket for the b at times.”

nction, the Mesponsible fd. But Albertng… This lim

reported thed. First of alal organisatompanies wiirement. Th and are offe

anies have bMBAs in the with MBAs, rs. It is now nd Coca Cola

ompanies, tpursuing loca, a consume

ith “Internas “the high te

ant data froorea is extrere.

was the foure the statusre bright peo"

ers in 2007

ral Motors, mens, Compu

covers, aer report, conbeen a stead

e in hiring of common mtor.

that have fumanagers whBAs who do d General Moyears. Inter

MBA entry pro

ors NA looks best deal. Fi

MBA is the prfor purchasinto cautions t

mits the hirin

e largest incrll the searchtions. Secondll need to rehese companering except

een commit US and man they are pe common fo

a to hire MBA

the high leval opportunitr products/r

The world's

tional exposech corridor

m Asian tecemely active

rth largest quo by intople with th

:

Hilti, Johnsuserman rep

rospace, autnsumer gooddy increase

of 24% (18%)markets and

lly embracedho are capafind roles inotors where rnationally-mogrammes.

for “More stinding the ri

rime hire, if ng hundredsthat “the yeang evaluation

rease in MBAh for alternatdly, as Graheplace their nies have idtional packag

ted to MBA ny fewer in Eenetrating cr both local

As.

vel of multties that maretail compa

leading network f

sure, structu on the West

hnology rec. We expect

recruiter at roducing dye latest busi

son & Johnsplaced from

tomotives, cds and retailin MBA hirin

). The increincreased in

d globalisatible of worki the industri specific MBAminded Euro

trategic, globight candida

they have res of millionsars of experin to just a co

A recruiting wtive energy sham Hastie senior manadentified thges to get th

hiring in theEurope. Thisonsumer goo operations a

tinational saay bring themany based in

for education and

ured thinkingt Coast is vib

ruiters in 20 some Chine

London Busnamic new iness trainin

son, LG Elec 2006)

chemicals, lol. Each indng for the laeasing globalnternational

ion understaing in diversial sector wiA induction

opean compa

bally mindedte that truly

elevant expes of dollars ience betweouple of jobs

within industsources is atof London

agement ovehat they neehe best peop

e US for mans situation isods companiand head of

alaries remam rewards in Spain, has t

d career developm

g.” Tom Kozbrant”.

007, but repese companie

siness Schoothinkers and

ng. They are

ctronics, Ph

ogistics, madustry reveaast three yealisation of i competition

and that MBAse cultures aill do so with programmesanies like S

d MBAs.” Buty wants to w

erience. Froin parts/pro

een their unds.”

trials. Theretracting manBusiness Scher the next ted new MBAle.”

ny years. Levs changing. Aies around tffices of such

ains a barrin the longer the followin

ment

iki, Director

ports suggestes to appear

ol last year,d innovativee not tied to

hilip Morris,

nufacturing,ls individualars with thenternational

n has fuelled

As representand businessh companiess have been

Siemens and

t finds manywork for your

om the start,oducts” saysdergrads and

e seem to beny MBAs intohool reportsten years asAs for their

ver BrothersAs more andthe world inh companies

er and canterm. Manelg advice for

17

r

t r

e o

l e l d

t s s n d

y r

s d

e o s s r

s d n s

n l r

MBAs: "Too learn that tgraduation.MBA by the

much relevathe true val MBA recruit salary we ob

ance is placlue of my Mtment is verbtain after g

ed on salaryMBA was the ry sensitive tgraduation."

y straight aft knowledge to economic

ter an MBA. I acquired a conditions a

Since the yeand not the and we shou

ear I gradua job I got stld not value

ated I had totraight after studying an

o r n

But there idisappointeinternationacareer objesite, make o

is a downsied and not atal MBAs - caectives and woffers only t

de to such ttract the taandidates ofwe waste thto discover th

a "hot" MBAalent they arften are reluheir time anhat they wan

A job markere seeking. Nuctant to shd ours goingnt to work in

et. First of Neil Currie o

hare vital infg through sen consulting

all, many of Johnson &formation ab

everal intervafter all."

MBA employ& Johnson saybout their p

views on cam

yers will beys, "I recruit

personal andmpus and on

e t d n

Secondly, twhich tarniare having almost all r

here is a danshed their pto look outs

reporting suc

nger that wepotential conside the topccess in their

e return to thntribution. A-tier businesr search.

he bad old dA consistent ss schools to

ays, when Mmessage froo find the ta

MBAs had a rem recruitersalent they ne

eputation fos in industry eed. Howeve

r arrogance, is that theyer, they are

y e

6.3.5 Phaarmaceuticals and HHealthcaree

The

Top Ten H

Astra ZeneNovartis, P

Pharmaceutconsulting ahave remaisteady rath

6.3.6 Sma

The Interneto join smado so.

Colleen Claknowledge time betwe

Karena Zordriven, quicorganizatio

Technologypercentage schools excbusinesses iBusiness Sch

A growing nconsultancidevelopers,

e world's leading

Healthcare

eca, Cigna Hfizer, Scher

tical companand investmined commiter than spec

all Enterp

et revolutionller entrepre

ark of Easter(technology

een start up a

now of Driveck learners, n in cross fu

y has reduce of class stceed this leinclude: Thehool, Tanaka

number of Mes. Many su, marketing s

network for educ

MBA Recru

Healthcare, ring Plough.

nies have alment bankingtted to MBActacular.

rises and

n has given meneurial orga

rn Mountain, people, brand ROI."

e thru Desig adaptable, lnctional role

ed the cost tarting theirevel. Schooe Judge Instia School Imp

MBAs are inteuch firms arspecialists, s

cation and career

uiters in 20

Eli Lilly, Gl (Medtronic

lways been vg. They also As throughou

Entrepren

many MBAs tanisations. S

Sports saysranding and

gns in the Uleaders. Thees to make a

of starting r own businels reportingtute, Cambr

perial College

erested in wre owned osalesmen, fin

development

007:

laxo Smithkc replaced fr

very active offer attracut the last d

neurship

the confidenSome schools

s "MBAs brinproduct dev

S reports these qualities a real impact

a business, ess is consis

g particularlridge Universe London.

working for Sor managed nancial "wiza

line, Genenrom 2006)

MBA recruitctive benefidecade and

nce to start ts are reporti

ng business avelopment) t

hat MBAs “ha enable themt.”

even for risstently less y high levesity, EM Lyon

Small Mediumby MBAs w

ards" and ana

ntech, Johns

ters and payts and inter growth in

their own bung that 10%

acumen, creto a business

ave proven tm to progress

sk-averse MB than 5%, wels of studen, Instituto d

m Enterprisewho want to

alysts: all cla

Copyright © Q

son & Johnsson, Merck,,

y the best sarnational morecruitment

alaries afterobility. They numbers is

r y s

usiness on gr or more hav

raduation orve chosen to

r o

eative thinkis. They cut d

ng and newdown on lag

w g

to be smarts quickly thr

, ambitious,roughout the

e

BAs. At US swhereas manents startingde Empresa,

schools, theny Europeang their own Manchester

e n n r

es, start-ups hire dynamassic MBA ro

or boutiquemic businessoles.

e s

18 QS Research 20077

6.4 Functional RRoles

Figure 8 reemployers orole for whinot the moby Finance commerce a

eveals that offer roles iich they recst common f Advisory – and towards

over 16% on marketingruit). Generafunction ava7%. Roles o marketing,

of responding (in our 200al managemailable to MBffered refle strategic pla

g employers7 survey, ement and stra

BAs, selectedct a return anning, sales

s offer rolesmployers couategic plannid by only 9% to the basis, and financ

s in financeuld only pickng follow at

% of respondics of managce.

e (other), wk the primart 10% each. Cing employegement – aw

hilst 13% ofry functionalConsulting isers, followedway from e-

f l s d -

Copyright © QS

Figure 8: Func

6.5 Expe

MBA recruit60% of empless than 1typically ac28% of empyears of exexperiencedprofessiona

Figure 9: Prefe

0%

3%

6%

9%

12%

15%

18%

0%10%20%30%40%50%60%70%

Research 2007

ctional Roles Off

erience

ters consisteployers, but year of ex

ccept lower ployers. MBAsxperience ad group fallls are more

erred Levels of

< 1 ye

Functi

fered to MBAs i

Levels

ently show a there is a txperience are paid graduas with 5-8 ye

are targetedl outside thlikely to use

Prefe

Experience for

ear ≥

ional Role

n 2007

strong bias trend towarde targeted

ate level posears of exped by only 4he needs of e a search co

rred Leve

MBAs

1, < 3 years

The world's

s Offered

S

towards candd recruiting by only 5% sitions. MBAserience are t4% of emplo mainstream

ompany to id

ls of Expe

S

≥ 3, < 5

leading network f

to MBAs in

Source: QS TopM

didates withyounger peoof employers with 1-3 ytargeted by 2oyers (Figurm internatioentify suitab

erience for

Source: QS TopM

years ≥ 5

for education and

n 2007

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h 3 - 5 years ople. Graduars. These inyears of expe29% of emplre 9). This nal MBA recble opportun

r MBAs

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national Recruit

> 8 ye

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ter Survey 2007

targeted byan MBA withd candidates targeted by with over 8es that thisexperienced

ter Survey 2007

7

y h s y 8 s d

ears

19

7

6.6 Skillls

The

Wise MBAs demonstratthan financ

According tterms of thlike; financleadership opportunitieexample – w

Key M

Figure 10: Key

1.0

1.5

2.0

2.5

3.0

e world's leading

will seek tes how "softe abilities, a

to recruiterseir soft skillce, accountiskills and ines to demonwill help MBA

MBA Skills

y MBA Skills

network for educ

opportunitit skills" such academic suc

around the ls. MBAs having or acadnterpersonalnstrate mastAs to differe

2007: Imp

cation and career

es to deve as interpersccess, and k

world, busive for many emic abilityl skills, whictery of thes

entiate them

portance v

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mselves in the

versus Sat

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graduates aor exceeded s been a lo

ent year afteerhaps throue recruitmen

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mportant to , and leaders

are still not m expectationong-standinger year, in ugh club or nt process.

(as ranked

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tion

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recruiters. ship are mor

Figure 10re important

0 t

meeting expns in terms o short fall this researc project lea

pectations inof hard skillsin terms of

ch. Choosingadership, for

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national Recruit

QS Research 2007

uiters)

ter Survey 20077

20 7

Copyright © QS

7. MBA

7.1 GlobMBA salary MBA demanto US$90,50salaries in W

MBA salarieThis increastalent. Chrincreases ac

The lower odown startiof looking world in 2“companiesnew MBA hi

Global MBAcadre of ecandidates previous yemanufacturrecruiting.

Figure 11: Ave

The levels oof uninterruof MBA gradmarket in reversed in

50,

60,

70,

80,

90,

100,

US$

Research 2007

A Salarie

bal trend increases hand. The Nort00 in 2006 - Western Euro

es have jumpse reflects aris Higgins, Across industr

overall increng salaries, beyond the

2007. Tom s have learntres, preferri

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ease of 3.5% by recruiting traditional Koziki, Diret from the doing to offer s

report higheho seek MBAest schools are not just ology and s

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n US & Europe 1

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06 66678 66

6 1997 19

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suggests thag from a largtop-tier bus

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er salaries aAs worldwid— but the s made up ofervice comp

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end to be cy resulting in uited by busibehind thisaries fell alm

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ompared to – by 6.5% (4%

eeding the le amongst MBareer Servicwould be an

at employersger number osiness schooreer Serviceand are showrmance rela

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US & Euro

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yclical reflec ever-increainesses world trend fuel

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783728168

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hey were in rted MBA saa 7% increas% ahead of th

evels reachedBA recruitersces at Whart 8% increase

s are expandof business s

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excess of Uwilling to pential with consulting fch have ad

ope 1996-2

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cting economsing salary adwide. Despiled increasi

1998 pre-dot

80

74367 75

1 2002 20

for education and

2006, despialary in 2007se the year he average E

d before thes and increaton confirms for Wharton

ding the poolschools than n quoted byrsity of Cal

nt in what thes.”

US$95,000. Tpay a premiother emploirms, but al

dopted a gl

2007 (US$

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mic trends. Tand bonus paite the dotcoing salaries tcom boom le

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p e e s r

ent an eliteact the bestaller than inre and someach to MBA

e t n e A

ter Survey 2007

was a decadegrowing poolons in the US This trend

e 11).

5093449

6 2007

21

7

e l S d

In 2007, avexceeded th

verage consuhose in finan

ulting base sncial services

salaries in Ns at US$93,5

North Americ500 (the latte

ca and Euroer edged ahe

pe at US$99ead in 2003 f

9,500 have, for one year

once again, only).

Banking salrespondentsbanks all rehires reachunlikely to next few ye

aries for fres and as loweported veryed a high ofslacken off,

ears.

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vealed a wid000 in somearies in the 0 and a loworecast incre

de range, reae emerging mranges of US

w of US$25,0eases in dem

aching as himarkets – hoS$95-105,00000 in emerg

mand for MBA

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000, amongsmainstreamg salaries fos. These salatants and ba

st this year's investment

or fresh MBAaries remainnks over the

s t A n e

There seemtechnology dotcom boothe subseqtechnology

ms to be a sectors. As om of the lauent techno firms around

relationship firms compate nineties,ology crash,d the world s

between Mpete for tale, technology, industrial start hunting

MBA salaries ent, they ady salaries we

salaries jumg for talent.

in all sectodjust salarieere consistenmped ahead

ors, includines. As the cntly 10% abod, but have

ng general ichart shows,ove industry

e now slippe

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d e n s

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Figure 12: MBA

Figure 12 tchart reveaindustry, sin

7.2 Sala

When complikely total

Overall MBAdemand forsecure theiAsia (China dollar termthe bonus observes. "Won total com

50,

60,

70,

80,

90,

100,

110,

US$

e world's leading

MBA S

A Salaries in US

tracks MBA sals the longnce 1993.

ary & Bon

paring comp earned in on

A earnings (sr MBAs surger preferred in particulas. In 2007, tfield, with

With so manmpensation i

,000

,000

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,000

,000

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network for educ

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and Europe by

salaries in th-term globa

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ensation levne year, incl

salaries and es in consulticandidates.

ar and parts the average an averag

ny service coin many mar

IndustryConsultinFinance Technolo

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US and Euurope by IIndustry 1996-20077 (US$)

ng

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Industry 1996-2

he US and Eual increase i

bined

vels, it is imluding bonus

bonuses) aring and finan But, some r of Europe (t reported boe bonus of

ompanies hirrkets."

development

S

2007

urope from 1in salaries i

mportant to ces.

re on the incncial serviceregions of ththe UK in pa

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Source: QS TopM

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national Recruitter Survey 20077

A recruiting stechnology

sectors. Thisand general

s l

ase salary, bbut also thee

country in thpete on totalan others, w

ger earnings nvestment baw.global-wo strong upwa

he world. Asl earnings towith parts of increases inanks leadingrkplace.comard pressure

s o f n g

m e

22 QS Research 20077

The larger bthe greatesSome invesConsulting fThis is partconsulting increased tranging bet

bonuses payast overall comtment banksfirms are only because mfirms rarelyheir bonus p

tween US$10

able by bankmpensation s reported sly just aheadmany smalley pay large payments in 0-140,000.

ks and financfor the first

six figure bod of other ser consulting bonuses at2007. All se

cial services year out of nuses pushinectors in the firms respot the end oectors, apart

companies business schng overall co

e overall pay nded to the

of the first t from Gover

in particularhool, averagompensation bracket, at survey, but year, where

rnment, have

r, ensure thaging US$140,0n in excess o US$129,500 also becauseas other se average co

at they offer000 in 2007.of $200,000. per annum.se the largerectors haveompensation

r

r e n

For the firsstarting sala

st time everaries for new

r, two technw MBAs in th

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- reported es.

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higher this year than in any previoous year, reeflecting thee

The governto pay end is included

ment sector of first year in ‘banking’

lags behindr bonuses (W sector).

Copyright © QS

Average

Figure 13: Ave

Figure 13 disaggregatcompensatideciding beflexibility.

7.3 Bon

Figure 13 sizeable avbanks, in pother sectovolatile tha

5

7

9

11

13

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US$

Research 2007

e MBA Earn

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presents avted to provon. Some in

etween jobs,

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ries and bo insight. Difer a higher b are recomm

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The world's

7 - Salarie

S

nuses reporfferent indubase salary,

mended to as

bonus whicing a massivween US$25,h these figur

leading network f

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Source: QS TopM

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th each indun methods oh year-end bile and level

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o tend to be

BS

ment

US (US$)

ter Survey 2007

ustry sectorof providingbonus. Whenl of financial

,000 with ah investmentMBAs. While much more

Bonusesalaries

23

7

r g n l

a t e e

Recruitmeninvestment Latte of Glhunters and

nt firms also banks, placlobal-Workpld agencies w

o report higcing more elace Recruit

with a focus o

gh average experienced tment reporton more expe

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7.4 TrenRegional Norecruiters rhave signifiby the weaUS$41,500 –recruiters rvariations b(US$67,600

Figure 14: MBA

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20

40

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e world's leading

tant for candld be prioritnd tuition re

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risen across ed by globaon a globa

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bonus carriesers with theito the recruntering MBA ance bonus, rformance b

employer to not be able t

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ance bonus.ve offer andng firm has

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an average (US$91,700) alaries, thoustern Europeurkey, Greecge salaries atAsia-Pacific n in Figure 1

of US$89,5(this is the

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re has been ers reportedous Yugoslav (US$62,500)reported an

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rn EuropeanMBA salariesdollar termst average oftin Americanere are widef US$71,400

n s s f n e 0

s by Region 2007 (UUS$)

97358

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