Cambridge Judge Employment Report 2017: Average salary Goes Up to £99,025

The University of Cambridge Judge Business School has released its Employment Report 2017 with the employment data for the MBA class of 2015-16, the most recently graduated class.

The graduates managed to get an average salary of £99,025 with 92% receiving job offers three months out and 89% being employed during the same period.

The top recruiters included Amazon, Google, McKinsey & Company, Uber and The Boston Consulting Group.

“The average salary package saw a large increase to £99,025. This is in part due to the fluctuation in the pound following the June 2016 referendum for the UK to leave the European Union,” Conrad Chua, Head of MBA Careers, said.

“To give a more reflective picture, if we had used the same spot exchange rates from the previous year’s employment report, the average package would have seen an increase to £88,267,” he added.

“While 92% of job seekers from the survey class received job offers within three months of completing their studies, 98% switched at least country, function or industry sector and 8% started companies after their MBA.

“While 92% of job seekers from the survey class received job offers within three months of completing their studies, 98% switched at least country, function or industry sector and 8% started companies after their MBA.

“This data demonstrates that the Cambridge MBA continues to deliver career transitions. Our 2015 class are now working in 26 different countries, and our top five recruiters this year are mostly consulting or technology firms, reflecting the continuing interests of our MBAs,” he pointed out.

“These results confirm the variety of options available to Cambridge MBAs after their studies, and also the established appeal of the versatile MBA graduates to a wide range of international employers,” Chua said.

“This is an impressive figure when you consider that this three-month period covers the Christmas and New Year holidays when companies typically put recruitment plans on hold.

“It is also notable that 95.6% of the job seekers accepted job offers four months after the completion of their studies,” he added.

Cambridge Judge said it compiles the employment statistics in adherence to MBA CSC reporting standards. The key data in this report reflects information received from 87% of the class.

The ’employed three months out’ figure refers to those students who were seeking employment and excludes sponsored students who returned to their previous job, as well as students who started a business, it added.