Cambridge Judge Employment Report 2018: Average Pay Rises to £104,452

MBA graduates at the University of Cambridge Judge Business School managed to secure an average pay package of £104,452 notching up a post-MBA salary increase of 46%, according to the Employment Report 2018 released by the School.

The employment data is that of the most recently graduated class of 2016-17. While 92% of the batch received job offers within three months, 85% secured employment during the same period.

As far as relocation and career change are concerned, 95% switched at least the country, function or industry sector and 36% switched all three. The graduates found employment in 26 countries.

The School’s unique place at the heart of the University of Cambridge and the most successful technology cluster in Europe provides unrivalled opportunities for networking and learning.

Margaret O’Neill, Head of MBA Admissions & Careers, said, “We are proud to celebrate the success of our MBA 2016 class, with 92% of job seekers receiving job offers within three months of completing their studies and 8% starting their own companies.

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“Our MBA 2016 graduating class are now working in 26 countries around the globe, with 42% of the class choosing to continue their careers in the UK. 95% of those seeking jobs switched at least country, function or sector and 36% switched all three, demonstrating the global nature and significant impact of the Cambridge MBA,” she added.

Meanwhile, more than 100 global organisations recruited from the class of 2016. While 25% of the class chose roles in finance, 19% took up Consulting. The employment outcomes reflected the global growth in the technology sector, with 51% moving to industry. Of these, 62% moved into technology, internet or e-commerce.

The major recruiters included Amazon, DAZN, Deloitte, Google, Microsoft, McKinsey & Company and Strategy. Though the salary figures are gratifying, fewer than 4% of our MBA 2016 respondents cited compensation as a key motivator for choosing their new role. Challenge, growth, opportunity, environment, cultural fit and impact were most often mentioned as drivers of their choices, O’Neill said.

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“The School’s unique place at the heart of the University of Cambridge and the most successful technology cluster in Europe provides unrivalled opportunities for networking and learning. We are delighted that our demanding, innovative and experiential MBA program has allowed the class of MBA 2016 to develop the skills, experience and network they needed to achieve their goals,” she added.

Class Profile

The class comprised 173 students with an average GMAT score of 690. Representing 42 nationalities, they had an average of 6 years of work experience. The average age was 29 years. In gender ratio, 33% were female and 67% male.

In a sector-wise breakup, 49% were from Industry, 27% Finance, 19% Consulting and 5%  from NGO/Research/Education/Public Sector.

In terms of nationality, 33 were from the United States,13 from the United Kingdom (UK), 12 from India, 11 from China, 8 from Japan, 6 each from Germany and Thailand, 4 each from France, South Africa and Australia, 3 each from Brazil, Peru, Chile, Nigeria, Turkey, Russia, Indonesia and the Netherlands, 2 each from Argentina and Pakistan, 1 each from Zimbabwe, Zambia, Angola, Ghana, Portugal, Spain, Italy, Austria, Greece and Finland.