London MBA Lands $260K Year-End Bonus

MCKINSEY HIRES 31 MBAS FROM LONDON, BCG TAKES 24, AND BAIN 12

The increased action in consulting was led by London’s No. 1 employer, McKinsey & Co., which hired 31 members of the Class of 2014, up substantially from the 24 it took a year earlier. Seven of the school’s top ten employers were consulting firms. Boston Consulting Group hired 21 MBAs last year, Bain & Co. took a dozen, Strategy% brought aboard eight, A.T. Kearney gained seven, Deloitte and Monitor Deloitte employed nine, and Accenture got five grads.

The biggest non-consultant employers at London this year were Amazon, which hired 18, up from only 11 a year earlier, Citi with its nine hires, and Johnson & Johnson, which employed half a dozen LBS grads. All told, London said that its MBA graduates last year went to work at organisations in 76 cities in 40 countries around the world.

Lara Berkowitz, executive director of career services at London, outlined a fairly aggressive outreach campaign by her career management office which in the past year arranged career treks to Berlin for startups, China for private equity and venture capital, Dubai for energy, Dublin, Israel and Silicon Valley for technology, Hong Kong and New York for finance, London and Milan for luxury goods, and Switzerland for healthcare, among others.

NEARLY HALF THE CLASS LANDED JOBS IN THE UNITED KINGDOM

The school reported that 48% of its MBAs gained jobs in the United Kingdom, with another 19% taking jobs in the rest of Europe. Some 11% accepted jobs in Asia, 8% in Latin America, 8% in North America, 4% in Australasia, 2% in the Middle East, and 1% in Africa.

The report also showed that London admitted a somewhat larger group of students in the Class of 2015: 406 vs. 394 for the Class of 2014. The average GMAT score slipped to 695 for the Class of 2015, down from 699. At Stanford Graduate School of Business, which fell behind London Business School in the latest Financial Times ranking, the average GMAT score is 732. London was ranked second best in the world behind Harvard Business School. Stanford, which accepts 6.5% of its applicants, is in a tie with INSEAD, which accepts roughly 31% of those who apply to the school.

Major Employers At London Business School

Source: London Business School employment reports

(See following page for how London compares with other top business schools)