The CEIBS MBA Office has released the CEIBS Career Report for the MBA Class of 2014. Median salary is up, however the number of companies participating on campus has taken a hit this year.
The CEIBS MBA Career Report 2014 is based on career data for the Class of 2014, which graduated on April 27th. Of the 189 graduates, 82 (43.3%) are overseas students, mainly from the Asia Pacific region. Prior to enrolment, students had been working an average of 5.7 years. The most popular pre-MBA industries were technology (22.2%), finance (15.8%), and manufacturing (11.3%).
As per the report, 340 companies made 1,087 positions available to 189 CEIBS MBA students through the school’s Career Development Centre (CDC). The number of companies participating in placements however is lower this year compared to the three-year average of 403. The number of job postings was also down from the three year average of 1,324.
The median MBA salary (total annual base salary plus other guaranteed compensation) for 2014 is RMB 475,500 (US$77,398). Compared to last year’s median salary of RMB 475,000, this represents an increase of RMB 25,000 (US$4,069) – a 5.5% salary increase compared to last year
Within three months after graduation, 95.6% of the graduates reported having received at least one offer and 91.9% have accepted the offer. The average salary increase is 95.5% and 74.4% of graduates achieved career switches.
Among the other highlights of the report:
There has been a slight increase in the post-MBA salary for CEIBS graduates, with overseas students working outside mainland Chinese getting the highest post-MBA salaries. The total median MBA salary for 2014 is a base salary of RMB 387,000 plus other guaranteed compensation of RMB 88,500 for a total compensation of RMB 475,500 (US$77,398).
Compared to last year’s median salary of RMB 475,000 (annual base salary plus other guaranteed compensation), this is an increase of RMB 25,000 (US$4,069) and a 5.5% salary increase compared to last year.
Overseas students working outside mainland China, which comprise 14.8% of the Class of 2014, have the highest total median salary RMB 635,936 (an annual base salary of RMB 540,600 plus other guaranteed compensation of RMB 95,336). This is an increase of RMB 190,936 or 43% compared to 2013.
More than half of the graduates landed jobs with annual salaries ranging from RMB300,000 ($48,000) to RMB500,000 ($81,000).
School resources were the source of 65.4% of the student job opportunities.
In recent years, with the rapid development of China’s economy, demand for high-caliber business professionals has grown rapidly. An increasing number of businesses are offering leadership development programmes (LDP) to MBA students from CEIBS.
The B-school says that after entering an LDP, graduates usually find themselves rotated between different geographic areas and/or different departments in the company and quickly become an essential resource for the company they have joined. Sixty companies released 77 LDP opportunities to CEIBS graduates this year.
LDP recruiters are highly selective about their partnerships with business schools, and many cooperate with CEIBS as their exclusive partner, or as one of only a handful of partners in Asia. More than half of the LDP openings that CEIBS students have been recruited for have been at a global level and a number of companies have been so impressed with the performance of their CEIBS recruit that they have expanded their partnerships with CEIBS.
Ford, AstraZeneca, Bayer, Dianping.com, DuPont, Education First, Fosun Group, Infosys, Roche and Samsung all hired more than three students each.
Amazon, ANZ, Boston Consulting Group, Dow Chemical, GE, Hay Group, Legend Capital, McKinsey, Microsoft, Morgan Stanley, Nike, Pingan Asset Management, Reckitt Benckiser, Roland Berger and UBS are also among the recruiters.