The HEC Paris MBA Class of 2016 managed to get an increased base salary of Euro 86,300 compared to Euro 82,500 and an overall package of Euro 100,500 (Euro 96,700).
The students, 92% of whom accepted job offers within three months of graduation, also managed to get Euro 14,200 annual benefits on salary. They received Euro 17,500 as sign on bonus.
Finance sector came up with the best annual salary package of Euro 116,800 (annual base Euro 95,550) and sign on bonus of Euro 19,000. Consulting came second with an annual salary package of Euro 110,500 (annual base Euro 93,400) and sign-in bonus of Euro 23,100.
Recruiters in the sector included A.T. Kearney, Accenture, AlixPartners, Booz Allen & Hamilton, Boston Analytics, CapGemini Consulting, EY, Infosys, KPMG, McKinsey & Company, Oliver Wyman and PwC.
Location-wise, Middle East/Gulf Region provided the best annual salary package of Euro 127,050 (annual base Euro 110,250) and sign on bonus of Euro 19, 820 followed by North America with annual salary package of Euro 120, 750 (annual base Euro 99,900) and sign on bonus of Euro 12,200.
Almost 50%of graduates secured employment outside of their home countries. While nearly half of the graduates will work in Europe, the number of students who accepted employment in North America and Southeast Asia also went up.
The majority of students also made a career transformation, with 65% changing sector, 67% changing function and 63% changing their location.
Almost 70 % of the class changed two of the three elements and an impressive 37% changed all three.
The Economist had ranked the HEC Paris MBA as one of the top MBA programs in Europe for the third consecutive year and the number one program for diversity in recruitment.
Meanwhile, Career Management Director (corporate partnerships & careers) Tony Somers said, “We continue to see an increase in “block” hiring – companies that recruit two or more students from the program. Nearly 40% of MBA students received and accepted offers with multinational companies – such as Amazon, A.T. Kearney, GE, Google, HSBC, McKinsey & Company, and PwC – that hired two or more of our graduates. And, on average, our 2016 alumni doubled their pre-MBA salaries.
“Our location in one of Europe’s strongest economies, and our powerful network of recruiting companies and alumni allowed our students to continue to find senior-level positions in the world’s most sought-after companies. Nearly 4,000 HEC Paris alumni have gone on to become CEOs, CFOs or have founded their own companies,’ he added.
In sector-wise placements, Industry claimed 45% of the Class. As was the case in 2015, this is again was driven by the Tech sector, accounting for almost 17% of the total class. Amazon continues to be the top recruiter, with other significant recruiters in the sector being Google, Apple, Wipro, Microsoft and BlaBlaCar.
Consulting took 21% of students who chose it in terms of sector and 26% in terms of function. Base and salary packages in Consulting increased by almost 5% this year.
Recruiters in the sector included A.T. Kearney, Accenture, AlixPartners, Booz Allen & Hamilton, Boston Analytics, CapGemini Consulting, EY, Infosys, KPMG, McKinsey & Company, Oliver Wyman and PwC.
Placement in Finance was almost 18%, up 4% from 2015. The sector saw an increase in base salaries by more than 15% since last year. The students were recruited all over the world, at Financial companies including BNP Paribas, Citi, Credit Suisse, Deutsche Bank, HSBC, International Finance Corporation (IFC), ING, Macquarie, Santander and Zurich.(Article Courtesy: TwoYearMBAWorld.com)