MBA Graduates 2014 2014 Employment Statistics A World of Talent

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MBA Graduates 2014

2014 Employment Statistics

A World of Talent

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Contents

From the Director 02

A World of Talent 04

Profile of 2014 INSEAD MBA Graduates 07

Full-time Jobs and Compensation Trends 08

• Job Locations 10

• Career Changes 12

• Compensation Trends by Region and Country 14

• Corporate Sectors 16

• Consulting 22

• Financial Services 26

Employers of 2014 INSEAD MBA graduates 30

• Top Employers 30

• The Corporate Associate Programme 31

2014 Recruiting Companies 32

Summer Internships / Projects and Compensation Trends 36

• Monthly Base Salaries 38

2014 Internship Employers 40

Recruiting at INSEAD 42

List of Countries Per Region 46


From the Director

Putting Careers

at the heart

of the MBA

Experience

The year of 2014 was another great one

for INSEAD MBA students, with 90%

securing employment within 3 months

of graduation. This is a quite remarkable figure

for our uniquely global programme, which at

just 10 or 12 months is half the length of its

world-class peers. It is even more remarkable

when you consider that just 8% of the class

were fully-sponsored, that 81% of the class

changed one of the 3 main career dimensions

(sector, function or country) that our students

found jobs with 333 different employers in

61 different countries and that no more than

17% of the class found employment in any

one country. All of us here at the Career

Development Centre are truly proud of

this great class.

Our own experience and several recent

studies show that, while the job market

for top-tier MBA talent is booming around

the world, it is not without its challenges.

Language requirements are becoming much

tougher, especially in the Asian markets and

governments around the world are putting up

increasing barriers to immigration, even of

highly-qualified and experienced executives.

INSEAD is uniquely placed to respond to these

challenges with 50,000 alumni, to be found

in 173 countries around the world. Of course,

employers are free to access this unique talent

pool, alongside our executive and full-time

MBA students, through our CareerGlobe

recruitment portal.

On the subject of alumni, they continue to be

very successful as well, with 9 of them holding

CEO positions in FT 500 companies, second only

to Harvard Business School. Not only do they

lead large multi-nationals, they also generate

wealth and employment by founding and leading

increasing numbers of entrepreneurial startups

and small or medium-sized companies.

02


90% of our 2014 graduates reported

employment within 3 months.This is a quite

remarkable figure for our uniquely global

programme, which at just 10 or 12 months

is half the length of its world-class peers.

The year of 2014 saw an increase in

recruitment to the management consulting

sector which attracted 41% of the class, up

from 34% in 2013. Around half of this rise

is due to more students choosing to return

to their former employers with the rest

coming from welcome growth in new hiring.

But the big news is that TMT firms in

their various forms have now overtaken

financial services, accounting for 19% of the

graduating class and offering some of the

most attractive positions and highest salaries.

It has been a year of significant change

within the careers team at INSEAD, with the

department being restructured to focus on

the 3 key areas of marketing, developing and

connecting talent. Our Dean has recognised the

importance of careers alongside curriculum at

the heart of our world-class MBA programme

and has demonstrated this support by allocating

significant funds to the careers team, allowing

us to make many new hires.

As well as increasing our global outreach

we will, for the first time, be able to

allocate every student a personal career

advisor to support them through their

whole career journey all the way from

admissions until they land their first job.

I am also proud to announce the recruitment

of two new directors of the INSEAD Career

Development Centre. They will be starting

work in August 2015 and in true INSEAD

style have both made the triple switch of

sector, function and country - INSEAD

remains the Business School for the World!

Graham Hastie (INSEAD MBA 95J)

Interim Global Director,

INSEAD Career Development Centre

Assistant Dean, Degree Programmes

03


A World of Talent

One School, Two Intakes and

Three Campuses

The MBA programme runs in parallel in Europe

(Fontainebleau, France) and Asia (Singapore)

with networking and career forums also

taking place in the Middle East. Two classes

of approximately 500 participants graduate

every year: in July and December respectively.

This gives employers the opportunity to

recruit twice during the year.

The Most International Business School

If you are a recruiter looking for executives

who are comfortable working across national

and linguistic borders, both sensitive to other

cultures and proficient in local business

practices, then it is only natural to partner

with INSEAD. Our uniquely diverse environment

attracts experienced professionals with a solid

international experience. They then learn

from each other’s differences and similarities,

as well as from our global curriculum and

faculty, before moving on to pursue careers

throughout the world.

An Intensive Preparation For

A Successful Career

INSEAD graduates do not just offer recruiters

the latest business insights. They bring

stamina, teamwork, entrepreneurialism,

organisational skills and effectiveness in the

face of pressure to the companies they join.

At INSEAD we develop the capacity to master

a large amount of material in a short period of

time. In this high-pressure environment, we

foster collaborative skills through group work in

diverse teams.

• The one-year programme provides

in-depth knowledge of conceptual models

and analytical tools in Accounting,

Entrepreneurship, Economics, Finance,

Marketing, Organisational Behaviour

and Strategy.

A First-Class Business School

We attract some of the most talented and

ambitious young professionals in the world.

Drawn to the school by our world-class faculty

and unparalleled international alumni network,

they leave INSEAD to create value and growth in

companies across the globe.

• The alumni network includes Chairmen, CEOs

and other senior level directors at a large

number of global companies including LVMH,

L’Oréal, Power Corporation of Canada, Roche

Holding Ltd, Danfoss, Statoil, Heineken, AON,

Deutsche Bank, Goldman Sachs, BASF,

Sanofi-Aventis, McKinsey & Company, Rio

Tinto, Siemens, Prudential Plc, Lloyds

Banking Group, Groupe Galeries Lafayette,

L’Occitane International.

04


Major International

Rankings

Our campuses in Europe, Asia and

Middle East provide graduates

with a global perspective

NO.

QS World’s Top 200 Schools in 2014

according to Employers and

Academics in Asia

Average GMAT Score (2014)

NO.

QS World’s Top 200 Schools in 2014

according to Employers

and Academics in Europe

Of participants transfer

between campuses at

least once during the year

NO.

QS World University Rankings by

Subject - Business & Management

Studies in 2015

Nationalities in the class (2014)

NO.

Financial Times’ Global MBA

Programme Ranking in 2015

(joint with Stanford)

Countries of employment

post-graduation

NO.

minimum

Bloomberg Businessweek International

Business Schools (Non- US) in 2014

Languages participants

speak on graduation

05


06


Profile of 2014

INSEAD MBA Graduates

Total MBA

graduates

1011

Average

Age

29 Years

Average Work

Experience

6 Years

Gender

Female 32%

Male 68%

Age

< 26 years 6%

26 - 28 years 42%

29 – 31 years 37%

> 31 years 15%

Work Experience

1 – 2 years 8%

3 – 5 years 31%

6 – 7 years 37%

> 7 years 24%

Nationality

Education

Africa 3%

Asia Pacific 30%

Central / Eastern Europe 11%

Latin America 5%

Middle East 5%

North America 16%

Northern / Southern Europe 30%

Business / Administration 30%

Engineering 27%

Economics 14%

Sciences 11%

Law / Political Sciences 7%

Humanities & Arts 5%

Media & Communication 1%

Other 5%

07


Full-time Jobs and

Compensation Trends

Of the 1011 participants in the two classes that

completed the INSEAD MBA programme in

July and December 2014*, 988 (a record 98%)

responded to the Career Development Centre

survey, including 11 who reported not having

started their job search.

Of the 977 graduates actively looking for a job,

877 (90%) reported having received at least one

job offer 3 months after their graduation date

and 825 (84%) gave us details of their career

decision. Of these 825 graduates who had

accepted jobs, 675 (82%) reported full salary

information, on which the salaries section of

the following report is based.

How did they find their job?

# %

Career Development Centre / 435 53%

Alumni network

Pre-INSEAD employer 182 22%

Own contacts 97 12%

Summer job* 61 7%

Creating own company 50 6%

Total 825 100%

* Summer job only open to one class

* See Page 48

Sectors: 2014

Consulting 41%

Financial Services 17%

Corporate Sectors 42%

Sectors: Comparison over 5 years

2014

2013

2012

2011

2010

41% 17% 42%

34% 17%

49%

41% 14% 45%

39% 23% 38%

44% 20% 36%

Consulting Financial Services Corporate Sectors

08


2014 Jobs by Sector Group

* See page 17 for details of sub-Sectors

** Decrease in Retail/Consumer & Luxury Goods

largely due to realignment of some companies to

E-Commerce sector, in line with LinkedIn sectorisation

Consulting 41%

Financial Services 17%

Corporate Sectors*

E-Commerce / Internet 11%

Information Technology / 6%

Telecommunications

Retail / Consumer 6%

& Luxury Goods**

Manufacturing / Conglomerates 5%

Public Sector / Social Impact 4%

Energy 3%

Healthcare 2%

Media / Entertainment / 2%

Advertising

Corporate Services 1%

Primary Industries 1%

Transportation / Logistics 0.5%

Travel / Leisure Services 0.5%

2014 Jobs by Function

Consulting 43%

Finance 16%

General Management 11%

Corporate Planning / 8%

Business Development

Marketing / Sales 8%

Leadership Development Programs 8%

Other* 3%

Production / Operations Management 2%

Technology Management 1%

* includes: Art/Creative, Fundraising, Human Resource

Management, Legal, Logistics & Purchasing, Medical,

Project Management, Research & Development,

Specialised Services, Writing/Editing

Disclaimer: The information included in this report was provided by both MBA graduates and recruiters and

has not been independently verified. INSEAD Career Development Centre gives no guarantee as to its accuracy.

09


Job Locations

Country

Africa / Near / Middle East 9%

Asia Pacific 27%

Central / Eastern Europe 5%

Latin America 4%

North America 11%

Northern Europe 2%

Southern Europe 5%

Western Europe 37%

INSEAD continues to be the Business School for

the World in all senses. In a class consisting of

90 nationalities, no single country accounted for

more than 17% of jobs accepted.

The regional distribution of our graduates’ jobs

remains very similar to last year. Recruitment

to the Middle East continues to be strong,

thanks in part to our annual Middle East

career forum. In 2014 we welcomed 38

companies and 150 students and alumni

to Dubai for this one-day event.

10


Within the various regions, individual countries

that have attracted more graduates this year

include Turkey, Poland, Mexico and China.

Singapore continues to be the most favoured

destination in Asia Pacific.

Overall, the UK remains the most popular

country. Nearly 140 of our 2014 graduates

accepted jobs there, across sectors, with a

third in financial services. This fact reflects

both the continued dominance of the UK

financial sector within Europe and the

strengthening of the British economy.

While continuing to develop and deepen

relationships in Europe and Asia, our future

geographical priorities include developing

opportunities in the USA, where we saw

significant student demand in 2014.

We would also like to build on the many

attractive opportunities that are already

available to our graduates in the Middle East

and Africa.

11


Career Changes

Sector Choice

Before INSEAD

Former Consultants

11%

25%

As usual, 2014 was a year of big career changes

for many of our graduates. Some 81% of the

class moved to a new sector, country or job

function, while 21% rose to the challenge of

change across all three dimensions.

In the longer term, the biggest career-change

trend that we see among our alumni is a move

to start their own company some years after

graduating. Indeed some 6% of the class of

2014 started their own companies immediately

on leaving INSEAD and we see more and more

students choosing to go work for a start-up

or SME as a stepping stone to start their

entrepreneurial journey.

Former Financial Professionals

24%

Former Corporate Sectors Professionals

64%

43%

33%

6%

An appetite for change

81% 666 changed sector or country

or function

21% 172 changed all 3 dimensions

51% 423 changed country

42% 347 changed sector

64% 529 changed function

36%

After INSEAD

Financial Services

Corporate Sectors

Consulting

58%*

* Of 219 participants who remained in corporate sectors,

24% (52) stayed in the same industry sub-sector,

while 76% (167) opted for a change.

12


Region or country changes

Nationalities: who stays home and who goes abroad (1)

Total: 825

Regions #

North America 121

Southern Europe 81

Central / Eastern Europe 79

Latin America 42

Africa / Near / Middle East 54

Asia Pacific 247

Northern Europe 22

Western Europe 179

Home

Abroad

38% 62%

44% 56%

52% 48%

61% 39%

63% 37%

63% 37%

68% 32%

79% 21%

Within selected nationalities*

Nationalities

#

Home

Abroad

Indian

96

16% 84%

French

59

31% 69%

Canadian

41

32% 68%

Italian

25

32% 68%

Lebanese

17

35% 65%

American

80

36% 64%

Korean

11

45% 55%

Portuguese

24

46% 54%

Australian

23

48%

52%

Chinese

41

49%

51%

Turkish

10

50%

50%

Spanish

18

56%

44%

Russian

31

61%

39%

Dutch

28

64%

36%

British

39

69%

31%

Polish

10

70%

30%

German

31

71%

29%

* includes nationalities with more

than 10 participants

(1)

For the list of countries per region,

please refer to pages 46, 47 and 48

Brazilian

Singaporean

Norwegian

19

27

11

79%

81%

82%

21%

19%

18%

13


Compensation Trends

by Region and Country

In 2014, the regions offering the highest

salaries were North America and Northern

Europe and the lowest in Southern Europe.

However the regional variation – apart from

in Southern Europe, where salaries seem

substantially lower – is minimal.

In 2014, it was very heartening to see global

mean and median salaries rise – after a small

fall the previous year. There was also an

increase in the number of graduates receiving

sign-on bonuses – and a significant rise in the

median amount from €16,200 to €19,400.

The lowest salary reported (€25,300) and

the highest (€168,000) were both in Western

Europe, suggesting that sector, job function

and company size are a stronger indicator of

compensation levels than region.

Overall Annual

Mean Salary

€88,600

Overall Annual

Median Salary

€89,400

Overall Median

Sign-on bonus*

€19,400

* 63% of salaries overall reported with sign-on bonus

By Region*

# Range € Mean € Median € Sign-on Median €**

Bonus (%) Sign on

Africa / Near / Middle East 60 27,000 – 163,200 87,600 89,400 63% 21,100

Asia Pacific 161 28,000 – 164,800 82,900 85,500 59% 15,300

Central / Eastern Europe 27 47,600 – 140,000 88,000 92,000 67% 20,000

Latin America 25 39,000 – 160,000 82,700 79,100 68% 15,600

North America 72 33,500 – 132,100 95,400 97,800 75% 19,400

Northern Europe 19 62,000 – 120,600 97,200 98,400 68% 25,400

Southern Europe 35 47,600 – 102,800 72,100 71,000 63% 20,000

Western Europe 276 25,300 – 168,000 92,300 92,200 62% 20,000

Total 675

* where at least 5 salaries were reported

** where at least 5 sign-on bonuses were reported

14


By country in local currency*

# Range Mean € Median € Sign-on Median €

Bonus (%) Sign-on**

Australia (AUS$) 14 115,000 – 225,000 152,700 148,250 64% 20,000

Belgium (€) 11 56,500 – 120,000 81,700 80,000 55% 15,500

Brazil (Real) 19 160,000 – 355,000 241,700 230,000 79% 85,000

Canada (CAD$) 13 48,000 – 166,850 128,300 140,000 54% 25,000

China (Renminbi) 27 360,000 – 898,000 636,300 645,700 64% 150,000

France (€) 26 50,000 - 100,000 81,500 80,000 50% 17,000

Germany (€) 43 30,000 - 120,000 91,500 95,000 47% 17,500

Hong Kong (HK$) 10 300,000 – 1,562,000 902,900 932,500 50% 310,000

India (Rupee) 9 2,200,400 – 7,650,600 3,995,600 2,985,600 30% -

Indonesia (IDR) 5 303,100,000 – 1,221,800,000 801,900,000 852,000,000 60% -

Italy (€) 8 70,000 – 100,000 77,100 73,900 75% 17,500

Japan (Yen) 8 6,000,000 – 14,084,500 10,229,600 9,876,300 62% 2,000,000

Korea (Won) 11 66,625,700 – 166,564,300 117,276,000 122,147,100 73% 44,417,100

Lebanon (LBP) 5 54,000,000 – 202,100,000 135,478,900 118,149,600 60% -

Malaysia (MYR) 7 180,000 – 432,000 301,100 323,300 86% 65,100

Norway (Krone) 12 592,000 – 1,016,500 846,900 835,000 67% 213,000

Poland (Zloty) 5 200,000 – 390,000 309,600 319,100 40% -

Portugal (€) 11 47,600 – 72,000 65,000 65,000 55% 17,500

Russia (Rouble) 17 3,850,000 – 7,407,400 5,102,600 4,947,100 82% 1,190,500

Singapore (SG$) 65 61,100 – 270,000 142,300 145,000 57% 22,650

South Africa (Rand) 7 775,000 – 1,650,000 999,300 950,000 71% 280,000

Spain (€) 13 50,000 – 102,800 78,400 78,000 62% 20,000

Switzerland (SFr) 25 100,000 – 155,000 134,300 135,000 68% 24,000

The Netherlands (€) 21 67,000 - 110,000 88,900 89,000 43% 15,000

UAE (Dirham) 35 330,600 - 587, 750 471,900 477,500 71% 91,800

United Kingdom (£) 126 20,000 - 135,000 75,800 75,000 67% 18,750

USA (US$) 59 75,000 - 170,000 124,400 128,000 80% 25,000

Total 612

How salaries have evolved: Comparison over 5 years in local currency (median salary)

2014 2013 2012 2011 2010

Brazil (Real) 230,000 230,000 227,000 220,300 220,600

France (€) 80,000 82,800 85,000 85,000 80,000

Germany (€) 95,000 96,000 90,600 95,000 90,000

Singapore (SG$) 145,000 120,000 135,000 142,000 147,500

Switzerland (SFr) 135,000 126,000 136,000 135,000 132,800

United Kingdom (£) 75,000 73,000 74,000 73,000 70,000

USA (US$) 128,000 130,000 122,000 125,000 125,000

* See page 48 for exchange rates

15


Corporate Sectors

The combined corporate sectors remain the

most popular career destination for INSEAD

graduates, although recruitment fell from

a record high of 49% of the class in 2013

to 42% in 2014.

We continued to see strong growth in the

tech area – especially e-commerce and the

internet*. Indeed, the term “GAFA” (Google,

Amazon, Facebook and Apple) has entered the

student lexicon alongside “MBB” (McKinsey,

Bain and BCG) – with Amazon and Google

both in our top-ten recruiters for 2014 and

Apple in the top twenty. Indeed, IT, telecoms,

e-commerce, internet and media now account

for 19% of the total class – more than the

entire financial services sector. Unsurprisingly

perhaps, tech salaries are higher than in

many other fields.

In 2014, there was growth too in recruitment to

“traditional” rotational management training

programmes – many of which are in “nontraditional”

industries, such as e-commerce.

In addition, the trend towards start-ups and

small to medium-sized enterprises (SMEs)

has continued and accounted for 26% of those

joining the corporate sectors. Hence our new

twice-yearly entrepreneurship career forums,

which each brought around 40 start-ups and

SMEs to campus to meet 200+ students in 2014.

In fact, three SMEs now figure in our annual

top-recruiter list. This reflects both the needs

of small companies to hire talent with

business acumen to grow and expand

internationally, and the entrepreneurial

ambitions of our students.

Finally – also following a trend of recent years –

in 2014 we noted a slight increase in

Public Sector / Social Impact recruiting,

particularly to the education sector.

*The significant increase on last year’s

percentage is due partly to a redefinition

of sectors (in line with LinkedIn categories),

which decoupled E-commerce from Retail

and assigned it to the Internet. The drop in

recruitment to Retail / Consumer & Luxury

Goods is also partially caused by

this reallocation.

How did they find their job?

# %

Career Development Centre / 205 59%

Alumni network

Own contacts 55 16%

Creating own company 34 10%

Pre-INSEAD employer 36 10%

Summer job* 16 5%

Total 346 100%

* Summer job only open to one class

16


All Corporate Sectors

Corporate Services 2%

E-Commerce / Internet 27%

Energy 8%

Healthcare 4%

Information Technology / 14%

Telecommunications*

Manufacturing / Conglomerates** 13%

Media / Entertainment / Advertising 5%

Primary Industries*** 2%

Public Sector / Social Impact 9%

Retail / Consumer & Luxury Goods 14%

Transportation / Logistics 1%

Travel / Leisure Services 1%

* Includes Computer Software, Hardware,

Consumer Electronics, Semiconductors

** Includes Automotive, Building Materials,

Construction, Electrical/Electronic Manufacturing,

Mechanical or Industrial Engineering

*** Includes Chemicals, Mining & Metal,

Agribusiness, Food & Beverage Production

Top functional Areas

Consulting 6%

Corporate Planning / 17%

Business Development

Finance 6%

General Management 20%

Logistics Purchasing 2%

Marketing / Sales 20%

Others 2%

Production / Operations Management 4%

Project Management 2%

Leadership Development Programmes 18%

Technology Management 3%

17


Corporate Sectors

By Region

Africa / Near / Middle East 7%

Asia Pacific 35%

Central / Eastern Europe 2%

Latin America 3%

North America 12%

Northern Europe 2%

Southern Europe 2%

Western Europe 37%

Within Asia Pacific

Australia 5%

China 16%

India 6%

Japan 4%

Korea 8%

Singapore 49%

Other* 12%

* includes countries where fewer than 5 jobs were

reported: Hong Kong, Indonesia, Kuwait, Malaysia,

Mongolia, Philippines, Sri Lanka,Taiwan

and Thailand.

Within Europe

Belgium 6%

France 13%

Germany 13%

Ireland 4%

Luxembourg 10%

Russia 3%

The Netherlands 5%

United Kingdom 31%

Other* 14%

* includes countries where fewer than 5 jobs were

reported: Austria, Azerbaijan, Denmark,

Liechtenstein, Lithuania, Norway, Poland, Portugal,

Spain, Sweden, Switzerland and Turkey.

18


Company Size

1 - 500

26%

Company Size >10,000

(No. of Employees)

1 - 500 26%

501 - 1,000 5.5%

1,001 - 5,000 8.5%

5,001 - 10,000 4%

>10,000 56%

Company Size 1-500

(No. of Employees)

201 - 500 32%

51 - 200 20%

11 - 50 11%

1-10 37%

19


Corporate Sector Salaries and

Sign-on bonuses by Region and Country

Overall Annual

Mean Salary

€81,100

Overall Annual

Median Salary

€85,000

Overall Annual

Median Sign-on bonus*

€15,600

* 59% of corporate sector salaries were reported with sign-on bonus

By Sector*

# Range € Mean € Median € Sign-on Median

Bonus (%) Sign on €**

E-Commerce / Internet 79 27,000 – 108,800 78,000 85,000 65% 20,000

Energy 23 47,600 – 116,600 85,500 87,900 57% 12,800

Healthcare 12 63,900 – 97,600 81,900 82,500 75% 12,600

Information Technology / 41 47,700 – 107,600 78,400 82,100 76% 15,300

Telecommunications

Manufacturing / Conglomerates 34 46,600 – 160,000 88,500 89,700 65% 15,500

Media / Entertainment / Advertising 13 30,000 – 128,100 91,200 101,000 46% 9,500

Primary Industries 7 65,000 – 139,900 97,400 95,500 57% -

Public Sector / Social Impact 20 26,500 – 97,600 69,600 71,600 30% 9,400

Retail / Consumer & Luxury Goods 28 25,300 – 120,000 76,600 79,700 46% 12,600

Travel / Leisure Services 5 28,000 – 147,700 81,400 79,300 20% -

Total 262

See page 17 for details of sub-sectors

By Top Function*

# Range € Mean € Median € Sign-on Median

Bonus (%) Sign on €**

Consulting 18 26,500-116,600 78,800 87,900 83% 8,800

Corporate Planning / 49 28,000-160,000 82,300 85,500 65% 19,700

Business Development

Finance 13 50,000-164,800 91,200 80,000 23% -

General Management 37 25,300-147,700 77,000 80,000 22% 13,600

Logistics / Purchasing 5 47,700-80,000 65,300 67,100 40% -

Marketing / Sales 57 33,500-120,000 76,500 76,300 56% 10,000

Production /Operations Management 11 52,000-97,300 70,100 70,200 36% -

Project Management 5 47,600-91,000 73,100 74,000 60% -

Leadership Development Programmes 61 63,200-113,400 88,300 87,800 89% 21,500

Technology Management 7 60,000-94,700 81,900 85,500 57% -

Total 263

* where at least 5 salaries were reported

** where at least 5 sign-on bonuses were reported

20


By Region*

# Range € Mean € Median € Sign-on Median

Bonus (%) Sign on €**

Africa / Near / Middle East 16 27,000-116,500 75,500 77,700 19% -

Asia Pacific 88 28,000-164,800 78,300 78,500 57% 15,200

Latin America 7 51,700 – 160,000 101,300 89,800 57% -

North America 33 33,500-116,600 87,300 85,500 76% 19,400

Northern Europe 5 66,900-119,300 96,300 98,100 60% -

Southern Europe 5 47,600-74,000 56,100 52,700 20% -

Western Europe 111 25,300-120,000 81,400 85,000 65% 16,000

Total 265

Within Europe*

# Range € Mean € Median € Sign-on Median

Bonus (%) Sign on €**

France 16 50,000 – 100,000 78,100 80,000 50% 14,500

Germany 17 30,000 – 105,000 83,100 86,000 76% 15,000

Belgium 8 56,500 – 120,000 80,800 75,000 50% -

The Netherlands 5 81,000 – 100,000 88,500 84,000 60% -

United Kingdom 38 25,300 – 107,400 81,600 92,200 55% 37,900

Total 84

Within Asia Pacific*

# Range € Mean € Median € Sign-on Median

Bonus (%) Sign on €**

China 18 45,500-105,000 72,800 74,600 61% 15,200

Japan 5 42,600-100,000 73,600 76,300 80% -

Singapore 42 43,900-164,800 85,100 84,100 50% 12,800

Total 65

Within North America*

# Range € Mean € Median € Sign-on Median

Bonus (%) Sign on €**

USA 32 58,300-116,600 89,000 85,500 78% 19,400

Total 32

21


Consulting

How did they find their job?

# %

Career Development Centre / 184 54%

Alumni network

Pre-INSEAD employer 122 35%

Summer job* 23 7%

Own contacts 6 2%

Creating own company 7 2%

Total 342 100%

* Summer job only open to 1 class

In 2014, recruitment of INSEAD graduates

into consulting rose to 41%, reflecting the

appetite for hiring our MBAs and the interest

from students. This figure is in line with the

traditional levels we have experienced in the

past, not counting recruitment in 2013.

We are pleased that INSEAD remains an

important talent pool for the major players

in the sector (number one on the list of core

MBA schools and sometimes the only focus).

Our business development efforts also attract

smaller companies who are able to find a good

match with the diverse INSEAD population.

In terms of geography, our students continue

to be attracted to the UK market for its

diversity, matching the diversity of our

INSEAD population, and we have also

noticed a significant increase in the number

of students securing jobs in Singapore and in

the Middle-East in 2014.

By Region

Africa / Near / Middle East 11%

Asia Pacific 20%

Central / Eastern Europe 9%

Latin America 4%

North America 10%

Northern Europe 3%

Southern Europe 9%

Western Europe 34%

22


Within Europe

France 4%

Germany 12%

Italy 4%

Norway 4%

Russia 10%

Poland 3%

Portugal 4%

Spain 6%

Switzerland 9%

The Netherlands 10%

United Kingdom 24%

Other* 10%

* includes countries where fewer than 5 jobs were

reported: Austria, Belgium, Croatia, Czech Republic,

Denmark, Hungary, Kazakhstan, Sweden and Turkey.

Within Asia Pacific

Australia 19%

China 16%

India 8%

Indonesia 9%

Singapore 32%

Other* 16%

* includes countries where fewer than 5 jobs

were reported: Hong Kong, Japan, Korea,

Malaysia and Thailand.

Within Africa / Near / Middle East

South Africa 13%

United Arab Emirates 79%

Other* 8%

* includes countries where fewer than 5 jobs

were reported: Lebanon and Qatar.

23


Consulting Salaries and Sign-On

Bonuses by Region and Country

Overall Annual

Mean Salary

€94,100

Overall Annual

Median Salary

€95,000

Overall Annual

Median Sign-on bonus*

€19,400

* 72% of consulting salaries were reported with sign-on bonuses

By Region*

# Range € Mean € Median € Sign-on Median

Bonus (%) Sign on €**

Africa / Near / Middle East 38 54,700-163,200 97,400 101,000 87% 21,200

Asia Pacific 52 31,750-155,500 88,300 94,200 73% 13,900

Central / Eastern Europe 21 47,600-108,800 87,600 93,000 76% 22,500

Latin America 12 70,300-114,600 82,700 81,300 92% 21,000

North America 30 77,700-132,100 105,800 104,900 83% 19,400

Northern Europe 11 62,000-120,600 98,000 99,600 82% 25,400

Southern Europe 27 55,600-102,800 74,100 75,000 74% 20,000

Western Europe 108 55,000-149,700 99,700 98,500 59% 19,600

Total 299

Within Selected Countries*

# Range € Mean € Median € Sign-on Median

Bonus (%) Sign on €**

Australia 9 79,500-155,500 105,600 102,300 67% 19,000

Brazil 11 70,300-114,600 82,600 79,100 91% 22,600

Canada 8 81,600-116,600 99,500 97,800 87% 16,100

China 7 75,800-113,500 101,400 105,200 100% 19,000

France 7 80,000-97,500 86,500 85,000 57% -

Germany 22 75,600-120,000 99,200 100,000 32% 20,000

Italy 6 70,000-80,000 74,500 73,900 83% 20,000

Norway 7 70,200-120,600 103,900 111,700 86% 25,300

Portugal 8 63,000-71,000 67,500 67,500 62% 15,000

Russia 14 90,000-108,800 95,500 93,750 93% 25,000

Singapore 17 37,300-100,700 87,500 95,200 82% 13,800

South Africa 5 54,700-68,500 60,600 58,200 80% -

Spain 11 75,000-102,800 81,400 80,000 73% 20,000

Switzerland 15 111,700-126,600 117,600 115,900 60% 33,100

The Netherlands 16 67,000-110,000 89,000 89,000 37% 17,500

United Arab Emirates 30 77,700-124,400 101,100 101,000 90% 21,400

United Kingdom 44 55,000-149,700 101,100 98,500 80% 18,900

USA 22 77,700-132,100 108,000 104,900 82% 19,400

Total 259

24

* where at least 5 salaries were reported

** where at least 5 sign-on bonuses were reported


25


Financial Services

Following big fluctuations in the post-crisis

years, recruitment into financial services has

stabilised at 17% of the class. As usual, there

is a healthy distribution of 2014 graduates

across the various sub-sectors of financial

services. However, INSEAD graduates

remain particularly enthusiastic about private

equity and venture capital, which together

accounted for 25% of those joining the finance

sector in 2014. Thanks to INSEAD’s cultural

diversity, our students are also attracted

to finance careers that support growth in

emerging markets.

Another trend that we have noted over the last

two years is for graduates to join banks and

insurance firms as internal consultants. This

provides an interesting alternative to joining a

consulting firm, especially for those with prior

consulting experience.

Geographically, MBA recruitment appears to be

booming in the UK financial services industry.

Indeed 63% of our 2014 graduates accepting

finance jobs in Europe headed for the UK –

mainly London. On the other side of the world,

we see a similar enthusiasm for that other

great dynamic regional finance hub, Hong Kong,

which accounted for 23% of finance recruits in

Asia Pacific. Singapore also remains a popular

destination for this sector.

Globally, finance salaries rose in 2014 – both

the mean and the median were up by about

€4,000 on the previous year. This was driven

by increased compensation in investment

banks, investment management firms and

hedge funds – particularly in North America

and Western Europe.

How did they find their job?

# %

Career Development Centre / 46 34%

Alumni network

Summer job 35 26%

Pre-INSEAD employer 24 18%

Own contacts 22 16%

Creating own company 9 6%

Total 136 100%

By Sub-Sector

Insurance 5%

Investment Banking / Sales & Trading 33%

Investment Management / Hedge Funds 13%

Other Financial Services 18%

Private Equity / Venture Capital 25%

Real Estate 6%

By Top Job Title

Analyst (Asset Management ) 6%

Associate 56%

Manager / Consultant 13%

Vice President / Director 12.5%

Other 12.5%

26


By Region

Africa / Near / Middle East 6%

Asia Pacific 22%

Central / Eastern Europe 3%

Latin America 7%

North America 9%

Northern Europe 3%

Southern Europe 3%

Western Europe 47%

Within Europe

Germany 7%

Switzerland 9%

United Kingdom 63%

Other* 21%

* includes countries where fewer than 5 jobs were

reported: Czech Republic, France, Georgia, Italy,

Kazakhstan, Norway, Portugal, Russia and Turkey.

Within Asia Pacific

Hong Kong 23%

Singapore 27%

Other* 50%

* includes countries where fewer than 5 jobs were

reported: Australia, China, India, Indonesia,

Japan, Korea, Kuwait and Malaysia.

27


Financial Services and Sign-on

Bonuses by Region and Country

Overall Annual

Mean Salary

€91,800

Overall Annual

Median Salary

€89,700

Overall Annual

Median Sign-on bonus*

€26,500

* 49% of finance salaries were reported with sign-on bonus

By Division*

# Range € Mean € Median € Sign-on Median

Bonus (%) Sign on €**

Insurance 5 46,800-103,500 82,800 82,800 40% -

Investment Banking / 41 62,200-164,200 98,200 99,300 71% 31,600

Sales & Trading

Investment Management / 13 34,500-151,600 91,800 93,300 54% 19,400

Hedge Funds

Other Financial Services 19 30,300-140,000 83,200 83,600 32% 20,300

Private Equity / Venture Capital 24 39,000-168,000 90,500 87,500 33% 11,000

Real Estate 5 72,000-104,800 86,500 83,900 - -

Total 107

28


By Top Job Title*

# Range € Mean € Median € Sign-on Median

Bonus (%) Sign on €**

Analyst (Asset Managment) 8 57,600-116,600 91,000 90,900 37 -

Associate 63 30,300-168,000 93,500 95,200 54 32,200

Manager / Consultant 13 42,700-133,000 88,600 85,900 54 25,300

Vice President / Director 14 34,500-164,200 101,700 98,500 57 15,400

Other 9 46,800-100,000 69,600 70,000 - -

Total 107

By Region*

# Range € Mean € Median € Sign-on Median

Bonus (%) Sign on €**

Africa / Near / Middle East 6 34,500-74,100 57,600 58,700 33% -

Asia Pacific 21 30,300-156,400 89,200 88,500 33% 30,800

Latin America 6 39,000-85,000 61,200 62,600 33% -

North America 9 70,000-116,600 90,600 93,300 44% -

Western Europe 57 57,600-168,000 99,600 99,300 60% 28,100

Total 99

Within Europe*

# Range € Mean € Median € Sign-on Median

Bonus (%) Sign on €**

Switzerland 6 82,800-128,300 103,500 101,400 83% 16,600

United Kingdom 44 57,600-168,000 101,200 98,500 64% 31,600

Total 50

Within Asia Pacific*

# Range € Mean € Median € Sign-on Median

Bonus (%) Sign on €**

Hong Kong 5 86,600-156,400 112,700 104,100 40% -

Singapore 6 76,300-129,400 96,900 96,400 33% -

Total 11

Within North America*

# Range € Mean € Median € Sign-on Median

Bonus (%) Sign on €**

USA 5 70,700-116,600 95,800 97,200 80% -

Total 5

* where at least 5 salaries were reported

** where at least 5 sign-on bonuses were reported

29


Employers of 2014

INSEAD MBA Graduates

TOP EMPLOYERS

We would like to highlight those employers who recruited the highest

number of INSEAD graduates in 2014 and thank them for their continued support.

2014 Hires

McKinsey & Company 120 (52)

The Boston Consulting Group 70 (27)

Bain & Company 44 (15)

Amazon 39

Accenture 19 (3)

Strategy& 19 (6)

Microsoft 16

A.T. Kearney 15 (4)

Google 13

Apttus 11

Uber 11

BP 9 (1)

Credit Suisse 8 (1)

Samsung 8

Apple 7

Citi 6 (1)

Deloitte 6 (5)

Morgan Stanley 6 (2)

Danaher 5

EF Education First 5

PWC 5 (2)

Africa Internet Group 4

Booz Allen Hamilton 4

Deutsche Bank 4

Genpact 4

Hilti Corporation 4

HSBC 4

Johnson & Johnson 4

Roland Berger Strategy Consultants 4 (2)

Siemens 4 (1)

EY (Ernst & Young) 3 (1)

International Finance Corporation 3 (1)

Kimberly Clark 3

L.E.K. Consulting 3 (3)

LinkedIn 3

L’Oréal 3 (1)

Nike 3

Nissan Motor Corporation 3

Numbers in brackets are former employees returning to the

organisation after graduation.

30


The Corporate

Associate Programme

Partnering with INSEAD opens the door

to unique opportunities for organisations

seeking visibility and impact at

“The Business School for the World”.

Remaining close to business is central to

INSEAD’s values. Our corporate associates

not only provide essential funding for innovative

projects, they also join a global community

that helps the school fulfil its mission to be

“The Business School for the World” © .

Corporate associates enjoy benefits built upon

the school’s international presence, its unique

global view and its entrepreneurial roots.

These include:

Tapping into Global Talent

Aimed specifically at recruiters who look to

our 1,200+ MBA and EMBA students as a

source of talent.

Powerful Presence

Enhanced visibility for organisations, whose

brand will be displayed across INSEAD’s

communication platforms.

Learning Horizons

Access to world class academic content,

through the LIVE webinars series and INSEAD

Knowledge newsletter.

Networking Opportunities

Privileged networking and sponsorship

opportunities with students, faculty,

alumni and business leaders.

The Corporate Relations team provides a

central point of contact and continuity for

organisations who seek to engage with the

school, its faculty and talent through the

INSEAD Corporate Associate Programme.

The team provides associates with an

overview of school-wide activities across

its three campuses.

For further information about the

Corporate Associate Programme and

how your organisation can get involved,

please contact our Corporate Relations team:

Hilde Deschoemaeker

+ 33 1 60 72 90 54

hilde.deschoemaeker@insead.edu

Perrine Wyplosz

+ 33 1 60 72 43 54

perrine.wyplosz@insead.edu

INSEAD thanks our 2014-2015

Corporate Associates for Their Support!

Accenture

A.T. Kearney

Bain & Company

Citi

Deutsche Bank

Goldman Sachs

McKinsey & Company

Morgan Stanley

Novartis

Olayan Financing Company

Philip Morris International

Roland Berger Strategy Consultants

Strategy& (formerly Booz & Company)

The Boston Consulting Group

WPP

31


2014 Recruiting Companies

Companies in bold recruited at least three MBA graduates in 2014.

Companies marked * participated in on-campus recruiting activities.

A.T. Kearney *

AB InBev

Abbott *

Abraaj Capital

Accelerate-Advertising

Accenture *

Acwa Power

Aditya Birla Group *

Admiral Group plc *

AdzCentral *

AEA Investors

AES Brazil

Affinity Equity Partners

Africa Internet Group *

Agility

AgilOne *

Agoda

AIG Express

Air Asia Expedia *

AJE group

Algolia

AlixPartners *

Allianz

Amazon *

Amcor *

Amdocs

American Appraisal

American Express *

American Tower

Amphenol Corporation *

Analysis Mason *

AnonyMessenger

ANZ Bank *

APEC

Apis Partners

APM Terminals

Apple *

AppNexus

Apptus *

A

Arbor Ventures

Arisaig Partners

Ariston Thermo Group *

Arma Partners *

Arocrest Capital Management

Ascent Africa

Aseguradora Magallanes

Ashoka *

Astana Finance

AstraZeneca

Atasun Optik

Atton Hoteles

Averda *

AXA

Axel Springer SE

B

B2W Digital

BabyTravel

Backstage

BAE Systems

Bain & Company *

Banco de Mexico

Bank of America Merrill Lynch *

Bank of Beirut

Barclays Capital *

Bayer Business Consulting *

BC Partners

Becton Dickinson *

Benefit Cosmetics

Bertelsmann AG *

BHP Billiton

BioMerieux *

Blablacar *

Blackrock *

Bloomberg

Blue Ocean Strategy

BNL Gruppo BNP Paribas *

Booking.com *

Booster *

Booz Allen Hamilton

Boston Scientific *

BP *

Braintree

Brasil Plural

Brenmiller Energy

BRF - Brasil Foods *

BT Group *

Burger King *

Burning Glass Technologies

C

Capacent

Capital Group *

Cargill *

Carmudi

CarTrade.com

Cathay Capital

CBRE Group

Cevian Capital

Chappuis Halder *

Chevron

Chinook Capital Group

Christian Dior

Christie’s

Chronocam

CIMB Group

Citi *

Clessidra

Clinton Health Access Initiative *

CMIA Capital Partners

Cobham

Codapay

Coesia *

Coles

Collabspot *

Commonwealth Bank

Confident Asset Management

CONVAERO GmbH

Convexity Capital Management

32


Total: 450 companies of which

333 hired Full Time graduates

Creador

Credit Ease *

Credit Suisse *

D

Dalberg *

Danaher *

Dangote Group

Day Lewis Plc

Deloitte *

Delta Partners *

Designit

Deutsche Bank *

Development Bank of Japan Inc.

DIAGEO

Digimind *

DNV GL

DOJUS group

Doosan

Dovre Group

Dow Chemical *

Dream Unlimited

DRW Trading Group

Dunia Finance

DuPont Company *

E

E.ON Inhouse Consulting *

Easy Taxi

Ebay *

EDP

Educate Global Fund *

Edwards Lifesciences *

EF Education *

Eight Inc *

Eleva Educaçao

Eli Lilly *

Emerson *

Emunah Investimentos

Energy Market Authority

Enphase Energy

EON

EPIC Companies *

Ericsson *

Ethos Private Equity

European Bank for Reconstruction

and Development (EBRD) *

European Court of Auditors

Eurosia *

Eventbrite *

Evercore Partners Inc.

Everstone Capital

Evolutio Consulting

Expedia *

ExxonMobil

EY

F

Faurecia

FB Green

Fidelity Worldwide Investment *

Fine Lifestyles

Flixbus

FMC Technologies *

Fortran Aviation Pte Ltd

French Pals

FriendlyScore

FrieslandCampina

Frog

Galeries Lafayette

Gallup Consulting *

Gamma Capital

General Electric *

Generali *

Genpact

GlaxoSmithKline *

Glowbl

Golden Gate Ventures *

Goldman Sachs *

Google *

G

Grab Taxi *

Greenoaks Global

Gumbaya *

Guotai Junan International

H

H.I.G. Capital

H.J. Heinz Company

Havas

Haworth *

Healint *

Heinz *

Henry Schein *

Herkules Capital

Hewlett Consulting Partners

Highland Capital Management

Hillgate *

Hilti *

HMP Africa

Home Treasures

Hony Capital

HSBC *

HSBC Holdings Plc

(Group strategy) *

Hua Dan *

Hult International Business School

Huxley Banking &

Financial Services

33


I.M. Skaugen SE

IBM

Ignition-Program *

IJC Funds Sicav

IMEC

IMS Health *

Indian Revenue Service

Inditex SA *

Indra Business Consultants

(Europraxis) *

Infineon

Innosight

INSEAD

Intalok

Intel *

International Finance

Corporation *

International SOS *

Investir&+ *

ironSource *

Itau Unibanco *

Jana *

JC Capital *

Jefferies

JM, Lda

Johnson & Johnson *

JP Morgan *

Jumia

Jungle Ventures *

Kacific *

Kalypso

Kaymu

Keceph Ltd

Kevric Real Estate Corporation

Kiewit

Kimberly Clark *

King *

Korea Investment Corporation

KPMG *

Kreditech

Kroton Educacional

I

J

K

L Capital

L.E.K. Consulting *

Lazada *

Lazard

Le Chemiseur *

LEGO

Lend Lease

Lenddo *

LGT Venture Philanthropy *

Liberty Mutual

Liberty Wireless Pte Ltd.

Light My Home

Line Corporation

LinkedIn

Local Measure

Locumi Labs GmbH

L’Oréal *

Louis Dreyfus Commodities

Lunar Capital

Macquarie

Magpie Polymers *

Maison Capital

Marceau Innovation *

Marksens *

Maya Capital

MBA & Co *

McKinsey & Company *

Medtronic

Merchalytics

Metapack *

Metlife *

Microsoft *

Millicom *

Millward Brown *

Milvik - Bima *

Ministry of Defence

Ministry of Finance Sri Lanka

Ministry of Health Singapore

Mirchandani Group

Missing Middle

Mitsubishi Corporation

Monica Vinader Ltd

Monsun AS

Morgan Stanley *

L

M

Mota-Engil

Moteefe

Motion waves *

N

Nath School

NBK Capital

Nesma

Nike

Nissan Motor Company *

Nobel Education Network

Nomura *

Norges Bank

Novade *

O

Oaktree Capital Management

OC&C Strategy Consultants

Odod LLC

Oliver Wyman

OMV

On Purpose *

One Acre Fund *

Ontario Teachers’ Pension Plan

P

Pagasa Steel Works Inc.

Pala Investments

Partenon EY

Partners Capital *

Partners in Performance *

Patron Capital

PayPal *

Philips

Pimco *

Plesner

Podar Education Network

Pole Sud *

Portalia

Portas Consulting

Portland Group *

Principia Management Group

Prophet *

PubMatic *

PWC

Pyxera Global

34


Quandoo *

Qubit

Quintiles *

Radboud University

Medical Center

RB (Reckitt Benckiser)

Redmart *

Reebonz *

ReferralCandy *

Repucom

Richemont *

Rising Tide *

RobecoSAM

Roche *

Rochefort & Associes

Rocket Internet *

Roland Berger

Strategy Consultants *

Roomorama *

Rothschild

Royal Bank of Canada

Q

R

S

Saint Gobain *

Samsung GSG *

Sanford C. Bernstein Limited *

Sanofi *

Schlumberger Business

Consulting *

Schneider Electric *

Securite Assurance

Sener

SES (Store Electronic Systems)

Shell International *

Sia Partners *

Siemens AG *

Siemens Management

Consulting *

Singapore Government

SK Vertical Capital

Skyscanner *

SMS Management and

Technology *

Sodexo *

Solon Management Consulting *

Sonae

Sparknews *

Standard Chartered Bank *

Steertalent Co.Ltd

Strategy&

(formerly Booz & Company) *

Swiss Reinsurance Company

Switch Responsible Ventures

Syngenta Crop Protection AG *

T

TabSquare *

TaDaweb

Tagit *

Talixo *

Target

Tata Steel

TBC Bank

Tchibo *

Tencent *

Terre Bleue

The Art of This Century

The Blackstone Group *

The Boston Consulting Group *

The Estée Lauder

Companies Inc. *

The European Stability

Mechanism (ESM)

The Green Link *

The Impact Hub Paris *

The Lane Crawford

Joyce Group

The Parthenon Group *

The Planorama Group *

The Wellcome Trust

Thomson Reuters

ThyssenKrupp *

TinkerLabs

TinyOwl

Tojo Vikas International

Total *

Tractebel Engineering

TradeGecko *

Transurban

travelmob *

Tree Line Investment Management

Trekurious

TripAdvisor *

Triton Partners

TSC The Stakeholder Company *

Tufton Oceanic

Turner Broadcasting Systems

Uber *

UBS

Unicredit *

Unilever

Value Partners *

VCTaskforce

Veson Nautical *

Vinebox

VIP.com

Vitruvian Partners LLP

Vomar

Voxbone *

Walmart

Warburg Pincus LLC

Warner Bros Entertainment

Waters

Wavecell *

Westwing Home and Living

Wipro Ltd

Wood Mackenzie *

Woolworths Limited

Worldpay

Yconomus *

Yum! Brands *

Yunus Social Business *

Zurich Insurance

Company Ltd *

21st Century Fox *

3i

3M

50 Partners *

U

V

W

Y

Z

#

35


Summer Internships / Projects

and Compensation Trends

Some 58% of our December 2014 class used

their summer vacation to do an internship

or project, slightly more than in the previous

year. Conversely, the number of companies

employing INSEAD students over the summer

fell from 189 the previous year to 149.

The most popular sectors were, as usual, those

where companies tend to recruit large numbers

of MBA graduates and thus have significant

internship programmes. These include

consulting firms, investment banks and

IT / E-commerce companies.

Compared with last year’s figures, there

appears to be a steep decline in interest in

Retail / Consumer & Luxury Goods and a sharp

rise in E-commerce / Internet internships.

However this is largely due to our own

recategorisation of these sectors.*

Internship compensation rose steeply in 2014

for INSEAD students. The mean and the median

monthly salaries increased to €4,500 and

€4,300 (up from €3,500 and €2,800 in 2013)

* In line with LinkedIn categories, we have decoupled

E-commerce companies from Retail and attached

them to Internet.

By Sector

Total: 286

21%

16%

12.5%

Consulting

Corporate Services

1%

4%

E-Commerce / Internet

Energy

Healthcare

4%

Information Technology/

Telecommunications

5%

Insurance

0.5%

Investment Banking / Sales & Trading

2%

Manufacturing / Conglomerates

Media / Entertainment / Advertising

Investment Management / Hedge Funds

3%

4%

Primary Industries

Other Financial Services

3%

3%

Public Sector / Social Impact

Private Equity / Venture Capital

6%

7%

Real Estate

1%

Transportation / Logistics

Retail / Consumer & Luxury Goods

4%

1%

Travel / Leisure Services

2%

36


By Region

Africa / Near / Middle East 4%

Asia Pacific 36%

Central / Eastern Europe 2.5%

North America 6%

Northern Europe 1.5%

Latin America 4%

Southern Europe 2%

Western Europe 44%

Within Europe

France 15%

Germany 10%

Luxembourg 14%

Russia 4%

Switzerland 6%

United Kingdom 39%

Other* 12%

* includes countries where fewer than 5 jobs were

reported: Belgium, Bulgaria, Denmark, Hungary,

Italy, Norway, Spain, Sweden, The Netherlands

and Turkey.

Within Asia Pacific

China 9%

Hong Kong 11%

India 10%

Singapore 60%

Other* 10%

* includes countries where fewer than 5 jobs were

reported: Australia, East Timor, Indonesia, Japan,

Korea, Laos, Malaysia, Myanmar, Taiwan,

and Vietnam.

37


Summer Internships / Projects

Monthly Base Salaries

Overall Monthly

Mean Salary

€4,300

Overall Monthly

Median Salary

€4,500

By Sector*

# Range € Median €

Consulting 45 600 – 9,050 7,000

E-Commerce / Internet 52 500 – 6,200 4,500

Energy 12 1,100 – 5,000 4,600

Healthcare 12 1,100 – 5,000 3,300

Information Technology / Telecommunications 13 450 – 8,100 1,500

Investment Management / Hedge Funds 4 1,000 – 7,200 5,900

Investment Banking / Sales & Trading 33 1,900 – 8,400 6,800

Manufacturing / Conglomerates 8 2,400 – 6,300 3,500

Media / Entertainment / Advertising 9 1,800 – 7,000 4,500

Other Finance 7 900 – 7,200 4,000

Primary Industry 7 1,600 – 1,900 1,600

Private Equity / Venture Capital 18 200 – 6,500 1,700

Public Sector / Social Impact 12 200 – 4,500 2,700

Retail / Consumer & Luxury Goods 8 600 – 3,000 2,100

Travel / Leisure Services 4 2,100 – 5,200 3,500

By Country*

# Range € Median €

Brazil 5 1,500 – 6,000 2,650

China 8 200 – 7,800 1,200

France 17 900 – 4,500 1,800

Germany 14 1,200 – 6,000 4,600

Hong Kong 10 2,400 – 6,200 4,100

India 9 700 – 1,900 1,600

Russia 5 7,400 – 9,000 8,250

Singapore 57 400 – 8,400 2,400

Switzerland 7 2,900 – 8,200 8,000

United Arab Emirates 4 2,000 – 8,100 5,000

United Kingdom 50 1,000 – 9,050 6,800

USA 11 2,700 – 8,100 4,500

* Where 4 or more salaries were reported

Exchange rate: Oanda, average for the period: 1/07/14 – 31/08/14

38


39


Companies which

Hired Summer Interns in 2014

Companies in bold employed at least 3 interns

A

A.T. Kearney

Accenture

Accíon International

Aditya Birla Group

Admiral Group plc

Aeris capital

African Leadership Academy

Airwatch

Alexander Lewis and Vaunte.com

Amazon

American Express

Amobee

Amphenol Corporation

Arborland Montessori

Areva

AVSF

Bain & Company

Barclays Capital

Benefit Cosmetics

BHP Billiton

Bima (Milvik)

BioRefinex

BNP Paribas

Bogga Wind Power

The Boston Consulting Group

Boston Scientific

Bridgepoint Capital

BT Group

Brookfield Renewable Energy

Partners

Carrhae Capital

CBRE Group

Chanel

Chope

Citi

B

C

Clifford Capital

Cognita

CognoLink

Collabspot

Cox Media Group

Credit Suisse

CREN

Danaher

Decision Technologies Ltd

Deloitte

Deutsche Bank

DFR Asia

Ducon GmbH

E.ON Inhouse Consulting

eBay

Educate Global Fund

Endeavor

EPIC Companies

Feex

Fidelity Worldwide Investment

Financière Arbevel

Firebrand Group

General Electric

Glennmont partners

Glocal Partners

Goldman Sachs

Google

GroupM

D

E

F

G

Healint

Henkel

Hexagon AB

HgCapital

HSBC

I

IBM

InfraMed

INSEAD

Intercontinental Hotels Group

International Finance Corporation

Itau BBA

JF Hillebrand

Johnson & Johnson

JP Morgan

Jumia

Kevric Real Estate

Corporation

King

L Capital (LVMH)

Lancel

LeapFrog Investments

Leica Biosystems

LG CNS

Lhoist

LinkedIn

L’Occitane

L’Oréal

Lotus Impact Fund

Lunar Capital

LVMH

H

J

K

L

40


Total:149 Companies

Hired Summer Interns

Maxburg Capital

Partners

McDonalds

McKinsey & Company

Michael Kors

Microchip Technology

Microsoft

Millicom

Millward Brown

MJN Consult Arabia

Monitor Deloitte

Morgan Stanley

MSD

Newcleus

Nike

Northstar Silicon Island

Nova Founders

Novo Nordisk

M

N

S

Salamanca Group

Sanofi

Seminal Capital Partner

Shell International

Silver Needle Hospitality Group

Sony Corporation

Sovereign Capital

SportImpact

Spotify

Strategy&

(formely Booz & Company)

Tau Investment Management

Tencent

The Green Link

Time Equity Partners

Time Warner

TLG Capital

Trusted Family

T

Ward Ferry Management Ltd

Wonga

Woodside Energy

Zalora

W

Z

Oslo Business Region

PayPal

PayPlug

Permira

Petit Bateau

Philips

Plan Padrinos

Prime Art Capital

Puma India

O

P

Uber Inc

Universidad Externado

de Colombia

Vimcar GMBH

Virtus Partners

Virtusize

Visualead

Vivendi

Volaris

U

V

Rising Tide Asia

Roche

Roland Berger Strategy

Consultants

Rothschild

R

41


A Wide Choice

of Recruiting Methods

The Career Development Centre team provides

advice and assistance for recruiters throughout

the hiring process. We are committed to

working closely with organisations to find

an INSEAD recruitment strategy that fits

their needs.

Recruiters can access 1,000+ MBA, 220+ EMBA

and a network of 50,000+ Alumni through our

offices. Identical opportunities to hire INSEAD

MBAs are provided twice a year on both of our

campuses (Europe and Asia) in addition to 2

networking forums in the Middle East region.

The number of MBA participants taking part

in campus exchanges between INSEAD, the

Wharton School of Business, Kellogg School

of Management (US) and CEIBS (China) has

stabilized. In 2014 around 69% of participants

chose to move at least once between campuses.

Given such mobility, it is vital that recruitment

messages reach all participants.

1,000+ MBA

220+ EMBA

50,000+ Alumni

Ideally, companies achieve this by having a

physical presence on both campuses or by

taking advantage of our video-conference

facilities. We recommend mixing and matching

the following recruitment methods according

to your needs. Please do not hesitate to contact

us to discuss your best approach for successful

recruitment at INSEAD.

Recruit on campus

If you wish to build corporate brand image

and increase awareness of your company’s

career opportunities, on-campus recruitment

is usually the best approach. This consists of

an on-campus recruiting event with interviews

held at a later date. Employer visits take place

during the two main recruitment periods

(March–June and September–December).

Interviews can be arranged on both campuses,

taking advantage of our interview rooms,

video-conference facilities, and the web-based

interview-scheduling system on

our CareerGlobe platform.

42


Participate in a Networking Expo

The networking expo is a 2-hour multi-industry

event taking place in an afternoon with a limited

number of organisations invited. This event

gives you the opportunity to meet with students

early in the campaign – and you will be able to

display your promotional materials and banners

in an informal setting.

Participate in a Networking Evening

Participating in a multi-industry networking

evening, where a limited number of companies

are invited, gives you a chance to network face

to face with students in an exclusive setting.

Post a Job Description

At any time during the year, descriptions of

career opportunities (full-time positions or

internships) can be posted on our user-friendly

recruitment portal, CareerGlobe, free of

charge and viewed by MBA participants on

both campuses, EMBA participants and

Alumni across the globe. The site makes it

possible for applicants to respond directly

to the recruiting organisation.

Contact Individuals Directly

Through the CV Database

The CVs of our MBA and EMBA participants

are an important recruiting tool, whether

companies plan to recruit on campus or by

direct contact. We publish CV Books with

many useful search capabilities, such as

languages, previous work experience and

educational background.

Recruit for Internships and Projects

The January intake has the opportunity to work

on a July–August internship or project during

the two-month summer break. Managers hiring

INSEAD MBA participants in this way benefit

from having highly motivated, self-starting

individuals work on specific business issues.

Career Development Centre

Sponsored Events

We arrange many additional events throughout

the year. Examples include: panel discussions

on careers in specific industries or women’s

career issues; seminars on presentation skills

or case interview techniques; and preparation

for finance interviews. All of these provide

participants with specialised insights and allow

the companies involved to promote their brand

on campus.

Clubs

INSEAD has a wide variety of sector-specific

participant clubs, including consulting,

healthcare, energy, private equity, marketing,

entrepreneurship and NGOs. Working with the

clubs on their various events enables recruiters

to target – and network with – groups of

motivated participants very efficiently.

43


Important INSEAD

Recruiting Guidelines

Non-disclosure of Grades:

INSEAD’s selection criteria include a rigorous

evaluation of intellectual and professional

abilities. To obtain the MBA degree is a

significant achievement. As a matter of policy,

grades are considered confidential during the

recruitment process. However, participants will

be able to communicate whether or not they are

on the official Dean’s List of high performers.

Full transcripts of grades can be obtained

only after graduation.

Equal Consideration for

Participants on Both Campuses:

Participants are selected from a centralised

applicant pool, so all campuses have roughly

the same MBA profile. Recruiters are therefore

expected to consider all candidates regardless

of their campus location, including those on the

exchange with Wharton, Kellogg and CEIBS. It is

also in employers’ interests to target all INSEAD

campuses, as – after the first four months of

the programme – participants are able to move

freely between sites every two months. The

Career Development Centre has comprehensive

systems in place, such as video-conferencing

equipment, to facilitate this process.

Non-discrimination:

As an international business school, INSEAD

adheres to the principles of equality and

impartiality. We expect companies recruiting

at INSEAD to respect these principles.

For more details on recruiting at INSEAD,

please visit the “Corporate Recruiters”

section of our website:

http://www.insead.edu/corporate_recruiters/

General Enquiries

Europe Campus

Tel: +33 (0)1 60 72 90 06

careers.fb@insead.edu

Asia Campus

Tel: +65 6799 5428

careers.sgp@insead.edu

Abu Dhabi Campus

Tel: +971 2 651 52 00

careers.me@insead.edu

44


45


List of Countries Per Region

Africa

Algeria

Angola

Benin

Botswana

Burkina Faso

Burundi

Cameroon

Cape Verde

Central African Republic

Chad

Comoros

Congo

Congo Rep.Dem.

Djibouti

Egypt

Equatorial Guinea

Eritrea

Ethiopia

Gabon

Gambia

Ghana

Guinea

Guinea-Bissau

Ivory Coast

Kenya

Lesotho

Liberia

Libya

Madagascar

Malawi

Mali

Mauritania

Mauritius

Morocco

Mozambique

Namibia

Niger

Nigeria

Reunion

Rwanda

Saint Helena

Sao Tome And Principe

Senegal

Seychelles

Sierra Leone

Somalia

South Africa

Sudan

Swaziland

Tanzania

Togo

Tunisia

Uganda

Zambia

Zimbabwe

Asia Pacific

Afghanistan

American Oceania

American Samoa

Australia

Bangladesh

Bhutan

Brunei Darussalam

Cambodia

China

Christmas Island

Cocos Islands

Cook Islands

East Timor

Fiji

French Polynesia

Guam

Hong Kong

India

Indonesia

Japan

Kiribati

Korea

Lao

Macau

Malaysia

Maldives

Marshall Islands

Micronesia

Mongolia

Myanmar

Nauru

Nepal

New Caledonia

New Zealand

Niue

Norfolk Island

North Korea

Pakistan

Palau

Papua New Guinea

Philippines

Samoa

Singapore

Solomon Islands

Sri Lanka

Taiwan

Thailand

Tokelau

Tonga

Tuvalu

Vanuatu

Vietnam

46


List of Countries Per Region

Central/Eastern Europe

Albania

Armenia

Azerbaijan

Belarus

Bosnia and Herzegovina

Bulgaria (EEA)

Croatia

Czech Republic (EEA)

Estonia (EEA)

Georgia

Hungary (EEA)

Kazakhstan

Kyrgyzstan

Latvia (EEA)

Lithuania (EEA)

Macedonia

Moldova

Montenegro

Poland (EEA)

Romania (EEA)

Russia

Serbia

Slovakia (EEA)

Slovenia (EEA)

Tajikistan

Turkey

Turkmenistan

Ukraine

Uzbekistan

Latin America

Anguilla

Antigua-Barbuda

Argentina

Aruba

Bahamas

Barbados

Belize

Bermuda

Bolivia

Brazil

Cayman Islands

Chile

Colombia

Costa Rica

Cuba

Dominica

Dominican Republic

Ecuador

El Salvador

Falkland Islands

Grenada

Guadeloupe

Guatemala

Guiana

Guyana

Haiti

Honduras

Jamaica

Martinique

Mexico

Montserrat

Netherlands Antilles

Nicaragua

Panama

Paraguay

Peru

Puerto Rico

St Kitts and Nevis

St Lucia

St Vincent and The Grenadines

Surinam

Trinidad and Tobago

Turks and Caicos Islands

Uruguay

Venezuela

Virgin Islands (British)

Virgin Islands (US)

Near/Middle East

Bahrain

Iran

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Palestine

Qatar

Saudi Arabia

Syria

United Arab Emirates

Yemen

North America

Canada

USA

47


List of Countries Per Region

Northern Europe

Denmark (EEA)

Faroe Islands (Denmark)

Greenland (Denmark)

Finland (EEA)

Iceland (EEA)

Norway (EEA)

Sweden (EEA

Southern Europe

Cyprus (EEA)

Gibraltar (EEA)

Greece (EEA)

Italy (EEA)

Malta (EEA)

Portugal (EEA)

Spain (EEA)

Vatican

Western Europe

Andorra

Austria (EEA)

Belgium (EEA)

France (EEA)

Germany (EEA)

Ireland (EEA)

Liechtenstein (EEA)

Luxemburg (EEA)

Monaco

Switzerland

The Netherlands (EEA)

United Kingdom (EEA)

Exchange Rates

Currency 2014 per € *

Australia (AUS$) 1.4464

Brazil (Real) 3.0868

Canada (CA$) 1.4304

China (Renminbi) 7.9159

Hong Kong (HK$) 9.9741

India (Rupee) 78.725

Indonesia (IDR) 15.431

Currency 2014 per € *

Japan (Yen) 140.29

Korea (Won) 1395.9

Lebanon (LBP) 1921.8

Malaysia (MYR) 4.2157

Norway (Krone) 8.4314

Poland (Zloty) 4.1926

Russia (Rouble) 53.739

Currency 2014 per € *

Singapore (SG$) 1.6380

South African (Rand) 14.127

Switzerland (SFr) 1.2079

UAE (Dirham) 4.7290

United Kingdom (£) 0.7913

USA (US$) 1.2878

* Source: Oanda.com (average exchange rate 01/07/2014 - 31/12/2014)

Reference to local salaries displayed on page 15

This report contains employment data

for the July and December 2014 classes.

As of 2016, and in line with INSEAD’s

academic calendar, this report will be

based on December 2014 and July 2015

classes, and published in January 2016.

48


49


INSEAD Europe Campus

Boulevard de Constance

77305 Fontainebleau, France

Tel: +33 (0)1 60 72 41 90

INSEAD Asia Campus

1 Ayer Rajah Avenue

Singapore 138676

Tel: +65 6799 5190

INSEAD Abu Dhabi Campus

4th Street - Muroor Road

P.O. Box 48049

Abu Dhabi, United Arab Emirates

Tel: +971 2 651 5200

© INSEAD 2015 - 2016

Selected Photos: Matt Stuart, James Bowden, Henry Koh

Design: Method Media Pte Ltd

www.insead.edu

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