Sponsored by London Business School
Demand for places on master’s in management courses is soaring, as students fresh out of uni are realising the qualification is their golden ticket to highly sought-after graduate positions at companies like Goldman Sachs or PwC. After all, it’s hardly a coincidence that 95% of grads from London Business School’s Masters in Management accept a role within three months of graduation, earning a mean salary of £41,963 (US$55,408).
We asked the experts at LBS to tell us some of the amazing career benefits from graduating with a prestigious master’s in management degree.
1. You’ll avoid the nightmare of that soul-wrenching first job
The general consensus among professionals and recruiters is that grads have to pay their dues before they get a well-paid and fulfilling job, but nothing could be further from the truth. All of the students on LBS’s MiM have less than two years of prior relevant experience, and a large majority of them move into the consulting, finance and technology sectors straight out of uni, jumping the queue and claiming those top jobs.
2. You’ll probably end up working abroad as a consultant in investment banking or financial services
42% of students who graduated from LBS’s MiM in 2016 moved into consulting, 34% found jobs in finance - including investment banking, private equity and venture capital, investment management and financial services - while the rest diversified and chose to work in areas such as technology, media and entertainment.
Bart van der Veld graduated from LBS with a MiM in 2016 and is now working as an associate consultant at Bain & Company Amsterdam. In an interview, he explained he owes part of his success to LBS’s amazing careers team. He said: “Their support in preparing me for the career management journey allowed me to achieve my ambition of a role in consulting”.
3. Your payslips will always be impressive
With a mean base salary of £41,963 and the average bonuses being £7,648, LBS’s MiM students are earning almost twice as much as the typical starting graduate salary. Professionals with a MiM can expect a much higher earning potential than colleagues without a similar qualification.
4. You’ll have an impressive lineup of transferrable skills
Leadership and problem-solving might sound like LinkedIn buzzwords, but both are important skills that could get you hired in most industries, especially if you’re hoping to manage teams or clients on a daily basis. If you decide later in life to change careers, having a few transferrable skills will make the transition a lot smoother.
5. You could land a top job at the likes of Google, Goldman Sachs, or J.P. Morgan
Receiving your training from the right place makes all the difference. At LBS, for instance, you’d be invited to student-led conferences to meet and debate with industry pioneers, entrepreneurs, policymakers and government leaders, which should put you in a really good position for your job hunt. Companies that have hired from LBS’s MiM in the past include HSBC, Accenture, Amazon, Ernst and Young, J.P. Morgan, Credit Suisse, Google, Thomson Reuters, Goldman Sachs and many more…
