master in finance CAREERS REPORT 2013
MASTER IN FINANCE: 2013 CAREERS REPORT Although our Master in Finance students graduated during challenging economic times, they managed to secure positions in the finance industry on a global level, as reflected in this 2013 Careers Report. This is the result of our students being well equipped with the necessary skills and know-how to successfully carry out finance roles with maximum effectiveness, efficiency and professionalism, as well as the ability to apply finance functions to create corporate and social value. The Master in Finance s unique program characteristics, such as a design that limits time away from the workplace while providing a well rounded approach to the financial world, and a focus on niche areas such as Islamic Finance or Microfinance, have resulted in more than 92% of our students finding employment within 3 months of graduation. Out of this percentage, a substantial number of students accepted jobs in Financial Services (80%), Consulting (10%) and other industries (10%). These excellent figures are achieved as we go beyond academic excellence to include global networking, appealing final exam options and the use of an eminently practical approach, combined with an innovative learning methodology. 1. FACTS AND TRENDS With regards to regions, the Master in Finance graduates are based mostly in Europe (71%), with the rest being distributed between Asia (13%), the Middle East (8%) and North America (8%). This year we have also seen an increase in international mobility to 31% These recent graduates joined the community of more than 46,000 IE alumni who are based in more than 100 countries, both in public and private sectors and all types of industries, with the aim of creating value for their communities. These outstanding employment figures were also achieved as we are closely aligned to professional practice, given that more than 90% of our world-class faculty are practitioners working in top finance positions.
master in finance Master in Finance Graduating Class of 2013 2. PROFILE OF GRADUATES Average GMAT 669 GMAT 78% Top GMAT 750 GRE 5% 31% GMAT takers 700 INDUSTRY CERTIFICATES 16% 3 2.8 Average Number of languages spoken schools applied to 41% Studied undergraduate degrees outside of their home country 8.7% Entrepreneurs
2.1 Class Profile 57 Students (Class Size) 29 Different Nationalities AVG. AGE: AVG. WORK EXP. 22 6 years old months 21 22 23 24 GEOGRAPHIC DISTRIBUTION North America 9% Spain 12% Europe 44% Middle East 5% Africa 3% Asia Pacif ic 19% Latin America 7% Countries Represented Argentina, Australia, Azerbaijan, Belgium, Belarus, Bolivia, Bulgaria, Cameroon, Canada, Colombia, France, Germany, Hungary, India, Italy, Kuwait, Lebanon, Netherlands, Pakistan, Portugal, Slovakia, South Korea, Spain, Switzerland, Ukraine, United Kingdom, USA, Venezuela, Zimbabwe.
2.2 Academic Backgroun 9% Others 37% Business Administration 14% Social Sciences 2% Natural Sciences 38% Finance & Banking, Economics, Accounting Undergraduate degree(s) from: Ludwig-Maximilians-Universitaet Munich, EBS Germany, Sophia University Tokyo, Universidad Torcuato Di Tella, American University in Dubai, Solvay Business School, HEC Montreal, Universitat de Barcelona, Universitat de Valencia, Universidad Carlos III, Universidad de Navarra, HEC Lausanne-Unil, Leopold-Franzens Universität Innsbruck, American University of Kuwait, American University of Beirut, Lahore University of Management Sciences, NOVA SBE, University of Florida, University of Sydney, Azerbaijan State Economic University, Universidad de Las Palmas de Gran Canaria, McGill University, London Metropolitan University, Bentley University, Syracuse University, Università Commerciale Luigi Bocconi, Corvinus University of Budapest, University of Pune, Jai Narain Vyas University, Webster University, University of Virginia, Kyiv National Economic University, University of Tampa, University of Cape Town, Lebanese American University, Birla Institute of Technology and Science, Anna University, Boston College, University of Bath, University of Southern California, University of Michigan, University College London, University of Calgary
2.3 Professional Background 42% Finance 9% Consulting 18% Industry, Energy and Construction 4% High Tech, E-commerce and IT 7% Recent graduate 20% Others Finance Sector Espírito Santo Bank Axia Investments United Bank Limited Dekabank PensPlan Invest SGR JPMorgan Stanley Standard Chartered Bank Vertical Real Estate UniCredit Bank MARG Projects United Bank Limited Pakistan Equity Intelligence India ROMALD Global Investments Bank Sparkasse AG Bank of America Merrill Lynch Strategic Real Estate Advisors Citigroup Lebanese Canadian Bank Aksys Capital SAL Sucden Financial Ltd. Other Sectors American Chamber of Commerce in Slovakia KPMG Auditing Polish-Spanish Chamber of Commerce Telefonica SA McKinsey & Company Vodafone Deloitte NATO Headquarters Michael Page International Mercedes-Benz Warner Bros. Entertainment Horwath Mak International Consulting
3. INTERNATIONAL EMPLOYMENT STATISTICS CAREERS REPORT - MIF CLASS 2013 % Students for whom we have information 91 SEEKING EMPLOYMENT % Students seeking jobs 96 Students not seeking jobs* 4 SITUATION 3 MONTHS AFTER GRADUATION % Students working 92 Students not working 8 SOURCE OF JOB OFFER % IE Career Services 45 Graduate Facilitated 55 EMPLOYMENT BY INDUSTRY % Financial Services 80 Consulting 10 Other industries 10 INDUSTRY BREAKDOWN % Asset Management 8 Investment Banking 51 Private Equity 10 Other Financial Services 10 Consulting 10 Real Estate 3 Energy 3 Consumer Goods 5 EMPLOYMENT BY REGION % Europe (EU) 61 Europe (Non EU) 10 Asia 13 Middle East 8 North America 8 INTERNATIONAL MOBILITY % 31 AVERAGE SALARY IN EUROS 45,000
4. RECRUITING COMPANIES 0-9 A B C 3i Group BLC ABN AMRO Advantea Global Services AdviCorp Al Khaliji Group AON APG Asset Management Arcano Axon Capital Banco Central de Reserva del Perú Banco Santander Bank of America Barclays Capital BBVA Beta Capital Management Blackwood Capital Group BNP Paribas Boston Consulting Group Cap Gemini Cartesio Inversiones Citibank Colombia Capital Commerzbank AG Credit Suisse D E F G H I Deutsche Bank Deloitte Devoteam Emirates Reit E&Y Financial Conduct Authority General Electric Golomtbank Goldman Sachs Grupo Salinas GSF Capital Hipoges Asset Management Houlihan Lokey HSBC IBM ICBC Bank IDFC Capital ieurope Capital LLC Intesa Sanpaolo IKB Deutche Industriebank Indra ING * Companies that have hired students from the Master in Finance programs for the last four intakes
J K L Jefferies JP Morgan KPMG Keyera Corp. K.P. Kauffman Company KB Publikum Invest Kenmos Technology Co Lepe Partners LFS Financial Systems Lloyds TSB London Stock Exchange Q R S Quilvest Private Equity Rabobank Renaissance Capital Rothschild Samsung Fire & Marine Insurance Sanitas Selinca SK Energy SK Telecom Stern Stewart & Co SunEdison M N Macquarie McKinsey Moelis & Company Moody s Morgan Stanley Morningstar MSCI Netvalue Financial Advisors Nomura T U V Telefonica Europe The Bank of Tokyo-Mitsubishi UFJ The Jordan Family Office Thesan Capital Trinity Holdings UBS UOB Asset Management Valores Bancolombia P P&G PAI Partners Parthenon Group Perenia Carbon Asset Management Procter & Gamble PwC W X Wallis Investment, Consulting and Asset Management William Blair X-Trade brokers DM * Companies that have hired students from the Master in Finance programs for the last four intakes
If you would like to learn more about the program, our faculty and other IE initiatives: Please download the Master in Finance brochure at: mif.ie.edu or contact our international offices: www.ie.edu/offices IE Business School Admissions Department María de Molina 15 T: +34 91 568 96 10 mif.admissions@ie.edu Career Management Center Maria de Molina 6, 1 st Floor T: +34 91 568 96 22 recruit@ie.edu careers.online@ie.edu www.careers.ie.edu