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MBA Graduates 2011 2011 Employment Statistics. A World of Talent.

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Page 1: 20130101 Mba Employment Statistics

MBA Graduates 2011

2011 Employment Statistics. A World of Talent.

Page 2: 20130101 Mba Employment Statistics

INSEAD MBA Graduates 2011 1

Contents

From Career Services 2

Highlights of 2011 3

A World of Talent 4

Profile of 2011 INSEAD MBA graduates 6

Full-time jobs and compensation trends 8

• Overview 8

• Job locations 10

• Career changes 12

• Compensation trends by region and country 14

• Corporate Sectors 16

• Consulting 22

• Finance 26

Employers of 2011 INSEAD MBA graduates 30

• Top employers 30

• The INSEAD Partnership 31

• 2011 Recruiting Partners 32

Summer internships and compensation trends 36

• Companies which hired summer interns in 2011 40

A wide choice of recruiting methods 42

List of countries per region 46

INSEAD MBA Graduates 2011

Page 3: 20130101 Mba Employment Statistics

2 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 3

Highlights of 2011INSEAD’s graduating classes were as diverse as ever – with 86 nationalities, 33% women and an average of 5.5 years’ experience across many sectors.

Graduates’ career destinations were as diverse as their origins: 41% Western Europe, 25% Asia Pacific (both roughly the same as last year), 9% North America (up from 8% last year), 7% Africa/Middle East and 7% Latin America. The most significant increases were in those opting for jobs in Brazil and India.

Perhaps the most interesting increase, however, was in the number of new graduates starting their own company – up from 3% in 2010 to 8% in 2011. This reflects INSEAD’s strong reputation and range of activities in entrepreneurship – including, in 2012, the first “Entrepreneurial Careers Corner” at our Career Fairs.

In 2011, 82% of our graduates changed their career in terms of job function, geography and/or industry (and 23% changed all three). Base salaries reflected the wide range of career destinations and currencies – ranging from €10,600 to €250,000. And though mean salaries decreased slightly across most sectors, mean sign-on bonuses were up slightly.

Our targeted CV books continue to play an important role, as do our other recent innovations, such as use of social media and support for student clubs’ “career treks”. These are just a few of the initiatives that contributed to a successful year despite a challenging employment market.

From Career Services A school that mirrors the global economyAfter a year of record-breaking success in 2010, we watched the economic storm clouds gather over Europe in 2011 with some trepidation. But the beauty of INSEAD is that it is a truly global school with truly global employment opportunities. While recruitment to Southern Europe fell, we saw a surge in the BRIC countries, a small increase in North America and stability in Western Europe. As a result, we were only just short of our 93% record – with 92% of graduates reporting employment within 3 months of graduation across 64 countries and 455 companies.

Another global trend reflected in our statistics is the increased use of social media by all involved in the recruitment process. In fact, we’re pleased to report, Careers_insead@twitter is now avidly followed throughout the world!

In 2011 too, we did set one new record. A staggering 98% of graduates responded to our survey.

But, as ever, this report is really a testimony to the talent of INSEAD students, the strength of our Corporate Partners and the power of our global alumni network. We would like to thank them all for their contribution to a near-record year in 2011.

INSEAD Career Services,

Europe & Asia Campuses

92% of our 2011 graduates reported employment within 3 months

Graduates starting own ventures rose from 3% to 8% in 2011

Page 4: 20130101 Mba Employment Statistics

4 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 5

A World of TalentOne school, two campuses and two intakesThe MBA programme runs in parallel on two campuses in Europe (Fontainebleau, France) and Asia (Singapore). Two classes of approximately 500 participants graduate every year: in July and December respectively. This gives employers the opportunity to recruit twice during the year.

The most international business schoolIf you are a recruiter looking for executives who are comfortable working across national and linguistic borders, both sensitive to other cultures and proficient in local business practices, then it is only natural to partner with INSEAD. Our uniquely diverse environment attracts young professionals with a solid international experience. They then learn from each other’s differences and similarities, as well as from our global curriculum and faculty, before moving on to pursue careers throughout the world.

A first-class business school We attract some of the most talented and ambitious young professionals in the world. Drawn to the school by our world-class faculty and unparalleled international alumni network, they leave INSEAD to create value and growth in companies across the globe.

• Average GMAT score (2011): 703

• Major international rankings: regularly ranked in the top ten business schools worldwide since 2000; number 1 in Bloomberg Businessweek’s 2010 ranking of international business schools (non US schools) number 2 in Forbes’ ranking of one-year MBA programmes outside the US in 2011 and number 6 in the Financial Times’ Global MBA ranking in 2012

• The alumni network includes Chairmen, CEOs, and other senior level directors at a large number of global companies including LVMH, L’Oréal, Power Corporation of Canada, Roche Holding Ltd, Danfoss, Statoil, Heineken, AON, Deutsche Bank, Goldman Sachs, BASF, Sanofi-Aventis, McKinsey & Company, Rio Tinto, Siemens, Prudential Plc, Lloyds Banking Group, Groupe Galeries Lafayette, L’Occitane International.

An intensive preparation for a successful careerINSEAD graduates do not just offer recruiters the latest business insights. They bring stamina, teamwork, entrepreneurialism, organisational skills and effectiveness in the face of pressure to the companies they join. At INSEAD we develop the capacity to master a large amount of material in a short period of time. In this high-pressure environment, we foster collaborative skills through group work in diverse teams.

• The one-year programme provides in-depth knowledge of conceptual models and analytical tools in Accounting, Entrepreneurship, Economics, Finance, Marketing, Organisational Behaviour and Strategy.

Dual-Degree Programme between INSEAD and the John Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS) The INSEAD-SAIS Dual-Degree Programme, launched in 2011, prepares students for careers that combine international relations and business administration. Students admitted to both programmes are able to complete the two degrees in two and a half years, instead of three years required to complete the degrees separately, by spending one and a half years at SAIS and one year at INSEAD.

Over

71%of participants transfer between campuses during the year

The top five nationalities

<39%of total participants

The top five job destinations

<44%of total destinations

Participants are proficient in

3+languages on graduation

Our campuses in Europe and Asia provide graduates with a global perspective

Page 5: 20130101 Mba Employment Statistics

6 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 7

Africa / Near / Middle East 11%

Asia Pacifi c 26%

Central / Eastern Europe 9%

Latin America 7%

North America 14%

Northern Europe 1%

Southern Europe 9%

Western Europe 23%

Nationality

Education

Age

Average: 29 years

Average: 5.5 years

Work Experience

Profile of 2011 INSEAD MBA Graduates

Total number of MBA graduates:

1,009

Gender

33% Female

67% Male

< 26 years 6%

26 – 28 years 44%

29 – 31 years 38%

> 31 years 12%

1 – 2 years 8%

3 – 5 years 36%

5 – 7 years 34%

> 7 years 22%

Arts 4%

Business 26%

Economics 15%

Engineering 33%

Law / Political Sciences 7%

Sciences 6%

Other 9%

Page 6: 20130101 Mba Employment Statistics

8 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 9

Disclaimer: The information included in this report was provided by both MBA graduates and recruiters and has not been independently verifi ed. INSEAD Career Services gives no guarantee as to its accuracy.

2011 jobs by sector group

2011 jobs by function

Full-time jobs and compensation trendsOverviewOf the 1009 participants in the two classes which completed the INSEAD MBA programme in July and December 2011, 992 (98%) responded to the Career Services survey and 24 reported not having started their job search.

Of these 968 graduates actively looking for a job, 888 (92%) reported having received at least one job offer 3 months after graduation, 838 (87%) gave us details of their career decision and 654 (67%) reported full salary information, on which the salaries section of the following report is based.

How did they find their job?

INSEAD facilitated activities

Career Services / Alumni network 426 51%

Summer job 33 4%

Graduate facilitated activities

Pre-INSEAD employer 179 21%

Own contacts 136 16%

Creating own company 64 8%

TOTAL 838 100%

Sectors: comparison over 5 years

Consulting 39%

Financial Services 23%

Consumer & Luxury Goods 10%

High-Tech / Telecommunications 9%

Manufacturing 4%

Energy / Petroleum 3%

Healthcare 3%

Primary Industries 3%

Advertising / Publishing 1%

Construction 1%

Corporate Services 1%

Media / Entertainment 1%

Public Sector / Social Impact 1%

Travel / Leisure Services 1%

Consulting 40%

Finance 18%

General Management 12%

Corporate Planning / Business Development 11%

Marketing / Sales 8%

Other* 5%

Rotational Programmes 3%

Production / Operations Management 2%

Technology Management 1%

39% 23% 38%

44% 20% 36%

39% 17%

42% 18%

44%

39% 28% 33%

40%

2011

2010

2009

2008

2007

Consulting Finance Corporate Sectors

Corporate Sectors 38%

Finance 23%

Consulting 39%

By sector

* includes: Accounting & Control, Communications/PR, Human Resource Management, Legal, Logistics & Purchasing, Project Management, Research & Development, and a further 3% who did not provide a category.

Page 7: 20130101 Mba Employment Statistics

10 INSEAD MBA Graduates 2011

INSEAD’s reputation as “The Business School for the World” is built on the diversity of our graduates’ career destinations and the global reach of our alumni network – over 43,000 in 160 countries. In 2011, our record was as impressive as ever. More than 450 companies in 64 countries recruited our graduates.

Our twelve-year presence in Singapore makes us notably strong in Asia Pacific. In 2011, as in the previous year, 25% of our students went to work in this region. We saw a particularly big increase in those choosing to work in India – from 6% in 2010 to 14% in 2011.

On the other side of the world, there was a slight rise in the percentage of graduates recruited to jobs in North America – 9% compared to 8% in 2010 – perhaps reflecting economic recovery in the region. In contrast, but also reflecting the pattern of the global economy, there were significant decreases in the numbers working in Italy, Spain and Portugal. Only 5% of graduates obtained jobs in Southern Europe, compared to 7% in 2010.

The numbers recruited to Western Europe and Latin America remained stable in comparison with last year. A decrease in France was balanced by increases in UK and Germany. And Brazil was by far the most popular destination in Latin America, accounting for 45 students (compared to 27 in 2010).

INSEAD MBA Graduates 2011 11

Job Locations

Companies in 64 countries turned to INSEAD to source talent

By region

Africa / Near / Middle East 7% Asia Pacifi c 25% Central / Eastern Europe 5% Latin America 7% North America 9% Northern Europe 1% Southern Europe 5% Western Europe 41%

Page 8: 20130101 Mba Employment Statistics

12 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 13

Region or country changes

Nationalities # Home Abroad

38%

45%

50%

52%

64%

72%

72%

79%

62%

55%

50%

48%

36%

28%

28%

21%

Regions # Home Abroad

Nationalities: who stays home and who goes abroad(1)

Within selected nationalities*

(1) For the list of countries per region, please refer to pages 46, 47 and 48.

* includes nationalities with more than 10 participants

Career changesIn 2011, true to past form, INSEAD MBA participants demonstrated their extraordinary capacity for change. An impressive 82% of graduates succeeded in changing their function, sector or country of work – and 23% changed all three at once.

The statistics reveal a few new trends. More former finance professionals joined the corporate sectors (up from 20% in 2010 to 26% in 2011) and fewer went into consulting (down from 25% to 17%). Similarly, we saw more people returning to the corporate sector (up from 55% the previous year to 58%) and fewer former corporate-sector professionals took jobs in consulting (down from 35% to 32%).

In geographical terms, we noted atendency for Australian, Bulgarian, Israeli and Portuguese students to take jobs away from home, while Brazilian, Singaporean and Swiss students were more likely to return to their home countries.

Finance 11%Corporate Sectors 20%Consulting 69%

Former consultants

Changes of business sector

An appetite for change

Consulting 17%Corporate Sectors 26%Finance 57%

Former finance professionals

Finance 10%Consulting 32%Corporate Sectors 58%*

Former corporate sectors professionals

of 838 MBAs:

82% 691 changed sector or country or function

23% 190 changed all 3 dimensions

59% 495 changed country

40% 333 changed sector

62% 517 changed function

*Of 199 participants who remained in corporate sectors, 43% (85) stayed in the same sector of industry, while 57% (114) opted for a change.

North America 116

Southern Europe 87

Africa / Near / Middle East 82

Central / Eastern Europe 67

Northern Europe 14

Asia Pacifi c 205

Latin America 60

Western Europe 207

20% 80%

23% 77%

24% 76%

24% 76%

29% 71%

33% 67%

33% 67%

33% 67%

42% 58%

43% 57%

44% 56%

52% 48%

55% 45%

60% 40%

60% 40%

61% 39%

69% 31%

70% 30%

76% 24%

82% 18%

84% 16%

88% 12%

50% 50%

Bulgarian 10

Australian 13

Israeli 25

Portuguese 17

Canadian 52

Indian 83

French 61

Greek 12

American 64

Spanish 21

Italian 27

Russian 18

Lebanese 27

Korean 11

Belgian 10

Turkish 10

German 46

Chinese 36

British 43

Dutch 25

Swiss 11

Brazilian 31

Singaporean 17

Page 9: 20130101 Mba Employment Statistics

14 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 15

# Range Mean Median % of Sign-on Median Bonus Sign-on**Australia (AUS$) 12 114,250 – 176,600 144,000 147,750 83% 20,000Belgium (€) 9 73,000 – 110,000 85,100 83,000 78% 28,000Brazil (Real) 40 106,000 – 457,000 226,800 220,300 55% 36,600Canada (CDN$) 15 96,500 – 160,000 125,100 130,000 60% 20,000China (Renminbi) 26 400,000 – 1,100,000 658,300 605,500 85% 167,500France (€) 35 67,000 – 130,000 87,300 85,000 51% 22,500Germany (€) 35 61,200 – 144,000 95,300 95,000 34% 22,500Hong Kong (HK$) 12 575,000 – 1,636,600 936,500 840,000 42% 310,000Hungary (Forint) 5 17,142,900 – 21,714,300 20,057,100 21,714,300 20% -India (Rupee) 13 850,000 – 5,491,500 3,388,600 3,560,000 62% 500,000Italy (€) 12 70,000 – 90,000 73,500 71,000 92% 15,000Korea (Won) 15 100,000,000 – 241,333,300 129,775,500 126,700,000 93% 35,600,000Luxembourg (€) 7 75,000 – 133,000 92,600 80,000 86% 22,500Malaysia (Ringgit) 7 210,000 – 440,000 312,400 320,000 86% 61,000Russia (Rouble) 15 1,810,000 – 5,995,000 3,853,600 3,958,300 73% 1,041,700Singapore (SG$) 60 36,000 – 205,000 135,300 142,000 52% 30,000South Africa (Rand) 5 455,300 – 900,000 723,900 820,000 40% -Spain (€) 12 58,700 – 82,000 72,800 75,000 33% -Sweden (SEK) 6 600,000 – 1,800,000 942,000 726,000 50% -Switzerland (SFr) 36 98,500 – 235,000 140,200 135,000 33% 19,000The Netherlands (€) 25 48,000 – 125,000 84,800 89,000 36% 20,000UAE (UAE Dirham) 17 241,000 – 549,100 424,200 440,000 76% 76,100United Kingdom (£) 116 40,000 – 180,000 77,600 73,000 66% 15,000USA (US$) 36 75,000 – 175,000 124,500 125,000 67% 20,000Total 578

By country in local currency*

The exchange rates used to compile the tables above are given below.

Currency 2011 per €* 2011 per US$*Australia (AUS$) 1.3468 0.9403Brazil (Real) 2.2595 1.5774Canada (CDN$) 1.3873 0.9685China (Renminbi) 9.1909 6.4165**Euro (€) 1 0.6980Hong Kong (HK$) 11.1516 7.7924Hungary (Forint) 269.023 188.155India (Rupee) 64.3435 44.9184Korea (Won) 1524.79 1064.47Malaysia (Ringgit) 4.2747 2.9843

Currency 2011 per €* 2011 per US$*Russia (Rouble) 40.5048 28.2775Singapore (SG$) 1.7374 1.2129South Africa (Rand) 9.9057 6.9089Sweden (SEK) 9.1482 6.3860Switzerland (SFr) 1.1497 0.8023UAE (Dirham) 5.2602 3.6723United Kingdom (£) 0.8810 0.6150USA (US$) 1.4324 1

Exchange rates

2011 2010 2009 2008 2007

France (€) 85,000 80,000 81,000 72,000 81,000

Germany (€) 95,000 90,000 92,750 95,000 90,000

Singapore (SG$) 142,000 147,500 140,000 141,300 149,500

Switzerland (SFr) 135,000 132,800 145,000 130,000 135,000

United Kingdom (£) 73,000 70,000 65,000 67,800 65,000

USA (US$) 125,000 125,000 120,000 117,700 120,000

How salaries have evolved: comparison over 5 years in local currency (median salary)

Compensation trends by region and country All of the data below (and indeed INSEAD’s position in the MBA rankings of the world’s media) should be interpreted in the context of widely differing national employment markets and variations in exchange rates. Thus, although the average salary decreased slightly in 2011 (and average sign-on bonus increased slightly), there are strong regional and sector-specific counter-trends.

Overall, base salaries ranged from €10,600 to €250,000 in 2011. The mean was €86,200 (compared to €87,400 in 2010) and the median was €84,500 (compared to €85,000 the previous year). As far as specific key recruitment markets are concerned, salaries remained stable

in the USA while they increased in France, Germany, Switzerland and the UK and decreased slightly in Singapore.

In 2011 58% of students received a sign-on bonus (fractionally down from 59% in 2010) – with a higher percentage reported in Korea and Italy and a lower percentage in Hungary, Germany, Spain and Switzerland.

Please note that all salary figures quoted are gross, annual and basic – exclusive of all extras such as fringe benefits and sign-on bonuses. Levels of taxation and costs of living are as variable as the employment markets themselves.

Overall annual mean salary € 86,200Overall annual median salary € 84,500Overall median sign-on bonus* € 17,000

# Range € Mean € Median € % of Sign-on Median Bonus Sign-on €**Africa / Near / Middle East 45 24,750 – 144,800 79,800 83,700 67% 15,000Asia Pacifi c 159 10,600 – 152,000 76,100 76,000 65% 17,000Central / Eastern Europe 30 30,600 – 143,900 78,900 81,300 57% 22,500Latin America 53 44,800 – 193,400 91,000 93,100 57% 15,300North America 51 54,300 – 126,700 90,300 90,500 65% 14,500Northern Europe 10 65,800 – 197,300 99,400 85,500 50% 13,200Southern Europe 37 48,700 – 137,000 72,100 72,000 51% 15,000Western Europe 269 46,100 – 250,000 93,700 87,500 52% 17,300Total 654

By region*

* 58% of salaries overall reported with sign-on bonus

* where at least 5 salaries were reported **where at least 5 sign-on bonuses were reported

* Source: Oanda.com (average exchange rate 01/07/2011 - 31/12/2011)

** European countries represented in the table above include: Belgium, France, Germany, Italy, Luxembourg, Spain and The Netherlands

Page 10: 20130101 Mba Employment Statistics

16 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 17

Total 286 (92% of total Corporate Sectors)Top functional areas

All Corporate sectors

“INSEAD graduates consistently demonstrate the creativity, cultural awareness, and analytical skills set needed to tackle our varied and complex challenges. These skills and values have allowed INSEAD graduates to succeed both within Global Strategy Group, and in line management positions with Samsung affiliates.” Samsung Global Strategy Group

Corporate sectors2011 was another strong year for recruitment into the corporate sectors, which accounted for the employment of 38% of INSEAD graduates, compared to 36% in 2010. More specifically, it was a boom year for high-tech / telecoms (23% of graduates, up from 14% in 2010) and primary industries, such as agriculture (7% of graduates, up from 4% in 2010).

In terms of job functions we saw an increasing number of students going into corporate planning and business development. There was also a rise in the number of graduates who created their own company.

In addition, there were some notable geographical trends. The percentage of students going to work in the corporate sectors in Latin America doubled in 2011 (from 4% to 8%). Meanwhile the equivalent percentage fell significantly for Southern Europe (from 8% in 2010 to 2% in 2011). Within Asia Pacific, India accounted for a full 20% of those going to work in the corporate sectors.

After a year of big salary increases in 2010, there was a small fall in the overall mean salary for the corporate sectors (from €81,500 to €80,000). However, there were significant salary increases in high-tech / telecommunications and media / entertainment, while salaries in construction and energy / petroleum decreased. The number of students receiving sign-on bonuses remained stable at 51% with the median sign-on bonus increasing slightly (from €14,200 to €15,000). The highest average sign-on bonuses within the sector were found in consumer & luxury goods.

INSEAD facilitated activities

Career Services / Alumni network 164 53%

Summer job 6 2%

Graduate facilitated activities

Pre-INSEAD employer 34 11%

Own contacts 72 23%

Creating own company 34 11%

TOTAL 310 100%

Advertising / Publishing 1.5%

Construction 2%

Consumer & Luxury Goods 26%

Corporate Services 4.5%

Energy / Petroleum 7%

Healthcare 8%

High-Tech / Telecommunications 23%

Manufacturing* 10%

Media / Entertainment 3.5%

Primary Industries 7%

Public Sector / Social Impact 2.5%

Transportation 0.5%

Travel / Leisure Services 4.5%

Consulting 8%

Corporate Planning / Business Development 23%

Finance 7%

General Management 21%

Marketing / Sales 18%

Production / Operations Management 4%

Research & Development 1%

Rotational Programmes 8%

Technology Management 2%

How did they find their job?* includes Aeronautics, Automobiles, Electronic Equipment,

Fabricated Metal Products, Miscellaneous Manufacturing Products, Non Electric Machines.

Page 11: 20130101 Mba Employment Statistics

INSEAD MBA Graduates 2011 19

Corporate Sectors by region

18 INSEAD MBA Graduates 2011

Within Asia Pacific

Within Europe

Africa / Near / Middle East 5%

Asia Pacifi c 31%

Central / Eastern Europe 3%

Latin America 8%

North America 11%

Northern Europe 1%

Southern Europe 2%

Western Europe 39%

China 15%

Hong Kong 7%

India 20%

Korea 13%

Singapore 35%

Other* 10%

France 18%

Germany 13%

Luxembourg 4%

Russia 4%

Switzerland 17%

The Netherlands 6%

United Kingdom 23%

Other* 15%

Total 95

Total 142

* includes countries where fewer than 5 jobs were reported: Indonesia, Japan, Pakistan, Sri Lanka, Thailand and Vietnam.

* includes countries where fewer than 5 jobs were reported: Austria, Belgium, Bulgaria, Greece, Hungary, Ireland, Italy, Kazakhstan, Norway, Romania, Spain, Sweden and Turkey.

Page 12: 20130101 Mba Employment Statistics

20 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 21

By region*

Within Asia Pacific*

China 13 45,200 – 100,000 66,000 62,400 77% 19,800

India 7 12,700 – 81,800 45,000 45,400 57% -

Korea 10 63,000 – 79,600 74,800 76,000 100% 21,700

Singapore 28 20,800 – 115,300 66,300 67,750 39% 14,400

TOTAL 58

Within Africa / Near / Middle East*

United Arab Emirates 5 47,500 – 90,700 70,400 74,000 20% -

TOTAL 5

Within North America*

Canada 7 69,800 – 94,000 81,800 83,200 43% -

United States 18 54,300 – 110,000 83,500 83,300 72% 14,500

TOTAL 25

Within Europe*

France 16 67,000 – 109,800 86,100 85,750 25% -

Germany 14 70,000 – 115,000 92,000 91,500 50% 15,000

Luxembourg 5 75,000 – 90,000 81,000 80,000 100% 25,000

Russia 5 43,400 – 120,000 81,600 80,600 80% -

Switzerland 22 82,400 – 167,300 114,400 110,800 27% 9,200

The Netherlands 7 48,000 – 100,000 74,900 75,000 29% -

United Kingdom 25 46,100 – 123,300 85,300 80,600 64% 11,500

TOTAL 94

# Range € Mean € Median € % of Sign-on Median Bonus Sign-on €**

Africa / Near / Middle East 14 43,400 – 94,120 68,100 67,400 29% -

Asia Pacifi c 71 10,600 – 133,900 64,400 66,000 58% 17,000

Central / Eastern Europe 9 30,600 – 120,000 66,500 63,000 67% 20,000

Latin America 22 44,800 - 133,300 87,100 86,700 41% 12,700

North America 25 54,300 – 110,000 83,000 83,300 64% 14,500

Southern Europe 8 48,700 – 137,000 83,700 75,000 62% 15,000

Western Europe 91 46,100 – 167,300 92,200 87,500 45% 15,000

TOTAL 240

By sector*

Overall annual mean salary € 80,000Overall annual median salary € 79,800Overall median sign-on bonus* € 15,000

By top function*

Corporate Sector salaries and sign-on bonuses by region and country

# Range € Mean € Median € % of Sign-on Median Bonus Sign-on €**

Construction 6 30,600 – 125,500 88,000 95,000 50% -

Consumer & Luxury Goods 65 41,500 – 167,300 83,100 79,600 62% 20,500

Corporate Services 8 18,700 – 142,200 104,600 111,600 12% -

Energy / Petroleum 18 43,400 – 119,500 73,400 69,900 44% 15,800

Healthcare 19 37,200 – 129,700 77,900 76,000 68% 14,500

High-Tech / Telecommunications 51 20,800 – 133,300 75,200 80,000 55% 10,400

Manufacturing 28 10,600 – 126,700 81,500 84,000 46% 14,400

Media / Entertainment 9 46,100 – 115,300 81,300 79,600 33% -

Primary Industries 19 28,200 – 125,500 86,000 83,200 42% 14,500

Travel / Leisure Services 11 12,700 – 121,300 78,200 74,900 45% 9,300

TOTAL 234

# Range € Mean € Median € % of Sign-on Median Bonus Sign-on €**

Consulting 21 54,300 – 120,000 84,100 80,600 86% 19,500

Corporate Planning / Business Development 61 12,700 – 167,300 83,300 83,000 39% 14,700

Finance 16 36,500 – 110,000 74,600 80,400 75% 17,200

General Management 41 26,800 – 137,000 76,700 75,000 37% 14,500

Marketing / Sales 44 10,600 – 142,200 78,200 75,500 52% 15,000

Production / Operations Management 9 20,800 – 126,700 69,500 69,800 22% -

Rotational Programmes 25 45,400 – 123,300 86,200 82,400 72% 14,700

Technology Management 5 72,000 – 107,100 86,900 80,600 60% -

TOTAL 222

Brazil 18 44,800 – 133,300 88,900 92,000 39% 16,900

TOTAL 18

Within Latin America*

* 51% of corporate sector salaries were reported with sign-on bonus

* Where at least 5 salaries were reported

** Where at least 5 sign-on bonuses were reported

Page 13: 20130101 Mba Employment Statistics

22 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 23

Within Europe Total 183

Total 56Within Asia Pacific

“With a broad diversity of backgrounds, INSEAD is an important MBA recruitment pool for BCG. Here we consistently find many exceptional candidates with sharp analytical minds and strong leadership capabilities. BCG is looking for smart people who have the drive, passion, curiosity, and humility to work in client service – and that is exactly who INSEAD attracts.”The Boston Consulting Group

ConsultingAfter an unusually strong year in 2010, when an extraordinary 44% of INSEAD graduates went into consulting, recruitment returned to normal levels in 2011, with 39% joining this sector.

There were no major regional surprises this year, except perhaps that the percentage of students going to France fell slightly, while the percentage going to the UK, Australia and Malaysia increased.

Contrary to the overall trend, the mean and median salaries and sign-on bonuses for the consulting sector increased slightly in 2011. Consulting salaries increased particularly in Australia, Singapore and Switzerland, but decreased in Canada and Brazil. The percentage of students reporting a sign-on bonus remained stable compared to the previous year, at 71%.

By region

11% Africa / Near / Middle East

17% Asia Pacifi c

6% Central / Eastern Europe

8% Latin America

7% North America

2% Northern Europe

8% Southern Europe

41% Western Europe

How did they find their job?

INSEAD facilitated activities

Career Services / Alumni network 162 53%

Summer job 11 3.5%

Graduate facilitated activities

Pre-INSEAD employer 122 38%

Own contacts 14 4%

Creating own company 5 1.5%

TOTAL 324 100%

Belgium 4%

France 9%

Germany 11%

Italy 7%

Russia 5%

Spain 3%

Switzerland 7%

The Netherlands 9%

United Kingdom 30%

Other* 15%

Australia 25%

China 23%

Malaysia 12%

Singapore 29%

Other* 11%

* includes countries where fewer than 5 jobs were reported: Austria, Czech Republic, Denmark, Finland, Greece, Hungary, Norway, Poland, Portugal, Romania, Sweden, Turkey and Ukraine.

* includes countries where fewer than 5 jobs were reported: India, Indonesia, Hong Kong and Korea.

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24 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 25

Consulting salaries and sign-on bonuses by region and country

# Range € Mean € Median € % of Sign-on Median Bonus Sign-on €**

Africa / Near / Middle East 26 67,700 – 108,300 88,500 94,100 100% 15,100

Asia Pacifi c 47 41,700 – 152,000 90,600 90,500 85% 14,700

Central / Eastern Europe 18 47,700 – 143,900 88,800 94,000 55% 27,500

Latin America 24 50,700 – 193,400 96,500 93,100 79% 15,400

North America 19 67,300 – 123,100 96,900 97,600 79% 14,500

Northern Europe 5 78,900 – 90,100 83,800 81,000 60% -

Southern Europe 25 55,000 – 82,000 70,000 72,000 56% 12,500

Western Europe 112 61,200 – 250,000 95,200 89,000 61% 18,400

TOTAL 276

By region*

Overall annual mean salary € 91,100Overall annual median salary € 89,700Overall median sign-on bonus* € 17,000

Within selected countries*

# Range € Mean € Median € % of Sign-on Median Bonus Sign-on €**

Australia 12 85,300 – 131,800 107,500 110,300 83% 14,900

Belgium 8 73,000 – 110,000 85,700 84,000 87% 28,000

Brazil 18 86,700 – 193,400 104,900 93,300 78% 15,300

Canada 6 94,000 – 108,500 99,500 97,600 67% -

China 10 67,900 – 124,400 88,500 87,700 100% 18,200

France 14 72,000 – 110,000 87,700 85,000 86% 25,000

Germany 16 61,200 – 144,000 100,200 97,000 19% -

Italy 11 70,000 – 75,000 72,000 70,000 91% 12,500

Malaysia 7 49,200 – 103,200 73,250 75,000 86% 14,300

Russia 9 93,000 – 143,900 100,800 95,000 78% 30,000

Singapore 13 50,200 – 106,700 89,100 94,100 77% 14,400

Spain 6 72,000 – 82,000 75,300 75,000 17% -

Switzerland 11 97,000 – 171,500 118,900 117,100 27% -

The Netherlands 15 78,000 – 125,000 90,400 89,000 40% 21,500

United Arab Emirates 12 71,000 – 108,300 89,200 94,100 100% 16,400

United Kingdom 45 78,300 – 161,300 89,600 86,400 82% 17,300

USA 13 67,300 – 123,100 95,700 94,100 85% 10,900

TOTAL 236

* 71% of consulting salaries were reported with sign-on bonus

* Where at least 5 salaries were reported

** Where at least 5 sign-on bonuses were reported

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26 INSEAD MBA Graduates 2011

France 8%

Germany 6%

United Kingdom 57%

Other* 29%

INSEAD MBA Graduates 2011 27

By region

6% Africa / Near / Middle East

30% Asia Pacifi c

3% Central / Eastern Europe

6% Latin America

6% North America

3% Southern Europe

44% Western Europe

By division

By top job title

Within Europe

* includes countries where fewer than 5 jobs were reported: Austria, Belgium, Bulgaria, Georgia, Greece, Luxemburg, Romania, Russia, Sweden, Switzerland, Spain, The Netherlands, Turkey and Ukraine.

Total 101

Within Asia Pacific Total 57

Asset Management 10%

Financial Services 18%

Investment Banking 46%

Private Equity 17%

Venture Capital 9%

China 12%

Hong Kong 21%

India 14%

Singapore 42%

Other* 11%

Analyst 5%

Associate 51%

Manager / Investment Manager 25%

Vice President 3%

Director / Executive 16%

FinanceThe upward trend towards pre-crisis levels of finance recruitment continues – from 17% of INSEAD graduates in 2009 to 20% in 2010 and 23% in 2011. Within the sector, there was a particularly big increase in the percentage of students who found jobs in private equity, which now accounts for 17% of recruitment in finance.

The majority of these appointments in private equity were in the UK. Indeed, the UK accounted for 57% of all finance jobs accepted by INSEAD graduates in Europe. This is nothing new. However, the pattern in Asia was particularly interesting in 2011. While finance recruitment fell in Singapore, it increased in Hong Kong and, more notably, in China and India.

Another distinct trend of 2011 was that fewer students obtained senior roles, such as VP or director in finance. In line with this fact, annual mean and median starting salaries dropped across all the finance sub-sectors. In addition, only 46% of students (compared to 51% in 2010) reported receiving a sign-on bonus and, when awarded, sign-on bonuses were lower on average than last year.

The biggest fall in starting salaries occurred in Asia Pacific, where the median was down to €78,000 from €93,000. However, this may be accounted for by the geographical shift towards China and India. In India, the median salary is particularly low for this sector at €59,600. In contrast, finance salaries remained stable in Western Europe and Singapore and even increased slightly in North America and Hong Kong.

“INSEAD remains a leading source for our Associate hiring due to the high quality students that meet our needs for future leaders. INSEAD students have an international mind-set and entrepreneurial flair which corresponds with our culture, values and footprint across the bank.’’

Standard Chartered Bank

* includes countries where fewer than 5 jobs were reported: Indonesia, Japan, Korea.

How did they find their job?

INSEAD facilitated activities

Career Services / Alumni network 90 47%

Summer job 16 9%

Graduate facilitated activities

Pre-INSEAD employer 23 12%

Own contacts 50 26%

Creating own company 12 6%

TOTAL 191 100%

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28 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 29

Within Asia Pacific*

Within Europe*

# Range € Mean € Median € % of Sign-on Median Bonus Sign-on €**

Hong Kong 8 53,400 – 102,200 77,600 78,000 50% -

India 5 52,150 – 74,500 59,900 59,600 60% -

Singapore 19 57,700 – 118,200 87,700 86,500 53% 21,300

TOTAL 32

# Range € Mean € Median € % of Sign-on Median Bonus Sign-on €**

France 5 70,000 – 130,000 90,500 80,000 20% -

Germany 5 80,000 – 100,000 89,000 90,000 40% -

United Kingdom 46 54,300 – 207,400 91,500 80,600 52% 25,600

TOTAL 56

Finance salaries and sign-on bonuses by region and country

By top job title*

By region*

By division*

Overall annual mean salary € 87,200Overall annual median salary € 80,600Overall median sign-on bonus* € 21,300

# Range € Mean € Median € % of Sign-on Median Bonus Sign-on €**

Analyst 9 22,000 – 111,600 72,400 85,000 22% -

Associate 71 24,750 – 207,400 88,400 81,200 65% 25,300

Manager / Investment Manager 35 34,800 – 161,300 82,300 72,600 23% 19,800

Vice President 5 52,150 – 144,000 97,500 103,800 40% -

Director / Executive 16 53,600 – 196,600 97,200 89,600 31% 10,000

TOTAL 136

# Range € Mean € Median € % of Sign-on Median Bonus Sign-on €**

Africa / Near / Middle East 5 24,750 – 144,800 67,200 57,200 20% -

Asia Pacifi c 41 22,000 – 144, 800 79,800 78,000 56% 21,300

Latin America 7 57,900 – 129,900 83,900 81,600 29% -

North America 7 72,300 – 126,700 98,200 90,500 29% -

Western Europe 66 54,300 – 207,400 93,500 83,100 50% 25,300

TOTAL 126

# Range € Mean € Median € % of Sign-on Median Bonus Sign-on €**

Asset Management 16 57,200 – 126,700 82,600 80,600 44% 16,900

Financial Services 21 43,400 – 196,600 86,800 72,600 24% 20,000

Investment Banking 64 22,000 – 144,800 85,500 80,600 58% 25,300

Private Equity 25 24,750 – 207,400 98,400 90,000 40% 10,800

Venture Capital 10 52,150 – 110,000 77,700 71,800 40% -

TOTAL 136

Within North America*

# Range € Mean € Median € % of Sign-on Median Bonus Sign-on €**

United States 5 86,900 – 126,700 99,900 90,500 - -

TOTAL 5

* 46% of fi nance salaries were reported with sign-on bonus

* Where at least 5 salaries were reported

** Where at least 5 sign-on bonuses were reported

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30 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 31

We would like to highlight those employers who recruited the highest number of INSEAD graduates in 2011 and thank them for their continued support.

McKinsey & Company 107 (50)

The Boston Consulting Group 61 (18)

Bain & Company 52 (23)

Booz & Company 29 (19)

Standard Chartered Bank 16 (2)

Roland Berger Strategy Consultants 12 (1)

Samsung 12

A.T. Kearney 11 (2)

Microsoft 11

Amazon 10

Barclays Capital 10

Google 10 (3)

Rocket Internet (Groupon) 9

LVMH 8 (2)

Credit Suisse 6 (2)

Shell International 6 (1)

Siemens AG 6 (2)

HSBC 6

Apple 4

Danaher 4

Marakon 4

Monitor Group 4

Morgan Stanley 4

Nissan Motor Company 4

Syngenta 4

Abbott 3

Accenture 3 (2)

Adidas 3

British Telecom 3

Cargill 3

Citi 3

Deutsche Bank 3

EF Education First 3

KPMG 3

L'Oréal 3

UniCredit SpA 3 (1)

2011 hires 2011 hires

Numbers in brackets are former employees returning to the organisation after graduation.

Employers of 2011 INSEAD MBA graduates Top Employers

The INSEAD PartnershipThe INSEAD Partnership engages a growing number of organisations who participate in advancing the school’s mission through contributions in support of research, career services, student life activities and institutional events.

Partnering with INSEAD opens the door to unique opportunities for organisations seeking visibility and impact at “The Business School for the World”©. INSEAD Partners benefit from the school’s international presence and organisations can choose from a growing range of partnership options under the following three axes:

Knowledge - supporting strategic research and teaching initiatives across the school’s academic centres of excellence.

Sponsorship - underwriting events and activities ranging from student clubs to the INSEAD Leadership Summits.

Careers - aimed specifically at the top recruiters who look to our 1,000+ MBA and EMBA students as a source of talent.

The Corporate Relations team provides a central point of contact and continuity for organisations seeking to engage with the school, its faculty and talent through the INSEAD Partnership. The team provides partners with an overview of school-wide activities across its three campuses and works closely with them to put together customised partnership packages best tailored to their needs and field of interest.

Remaining close to business is central to INSEAD’s values. Our corporate partners not only provide essential funding for

innovative projects, they also join a global community that helps the school fulfil its mission to be “The Business School for the World”©.

For further information about the INSEAD Partnership and how your organisation can get involved, please contact our Corporate Relations Team:

Ida Le Duc Tel: +33 1 60 71 26 64 [email protected]

Charlotte Richez Tel: +33 1 60 72 43 54 [email protected]

INSEAD thanks our 2010/2011 Recruitment Partners for their support! Accenture

A.T. Kearney

Bank of America Merrill Lynch

Bain & Company

Booz & Company

Citi

Credit Suisse

Deutsche Bank

Egon Zehnder

Emerson

Firmenich

Goldman Sachs

Johnson & Johnson

McKinsey & Company

Novartis

Philip Morris International

Robert Bosch

Roland Berger Strategy Consultants

The Boston Consulting Group

WPP

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32 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 33

Copperpebble SolutionsCornerstone ResearchCoronation Fund ManagersCPP Investment Board *Credit Suisse *Cummins * Ddafiti.com.brDahlberg Global Development AdvisorsDanaher *Danone *Darby OverseasDaVita *Deallus Group *Decision FuelDell *Deloitte Consulting *Delta Partners *Deutsche Bank *Dextra groupDFS Galleria *DHL Inhouse Consulting *Dismatec S.A.DiverseoDONG EnergyDoughty Hanson & CoDover InvestimentosDow Chemical *Dream IncubatorDSM *DuPont EEastern International Hotels LtdEastman Kodak *eBay *Eco AdaptEcobank Transnational IncEcosparkEducational Initiatives India *EF Education First *eGENTICEgon Zehnder International *EkStop Private LimitedEli Lilly *

Ellaktor SAElsevierEmerson *EMI MusicEricsson *Ernst & YoungEssenceEuropean Trade CenterEuropraxis *Even Construtora e IncorporadoraExpedia *ExpertPlugeyal FFangda PartnersfarfetchFenton WhelanFerreira CostaFidelity International *Fidelity Management & Research Company *Finance in MotionFINCAFirst WindFMC Technologies *Fokker Aerostructures B.V.Fondinvest CapitalFreeman Spogli & Co.FrieslandCampinafrog designFrontier Strategy Group *FWC Partners GGalacticGaladari Brothers Gallup *GategroupGeneral AtlanticGeneral Electric *General Motors *Generation Investment ManagementGenpactGlaxoSmithKline *Goldman and Young

Goldman Sachs International *Google *Government of Singapore Investment Corporation (GIC) *Groupon *Guidion HHavas Media *Hay GroupHearst MagazineHeidrick & Struggles *Hewlett-PackardHFHgCapitalHIG CapitalHikma Pharmaceuticals *Hilti *Hirdaramani GroupHollivine Partners, LLC.Honeywell *Hope Children’s HospitalHoulihan LokeyHSBC *Huawei TechnologiesHudson Clean Energy Ii-Admin *IBM *iDareYouIDEX Corporation *Imerys *Impetus TrustIMS Consulting Group *Inditex *InfineonInfosys Technologies *ING *Inland Revenue Authority of SingaporeInMobiINNO HospitalityINSEADInstitute for Personal LeadershipIntel *

2011 Recruiting Partners

3M *55Social

A A.T. Kearney *AAR ConsortiumAB InBev *ABBAbbott *ABSA CapitalAccenture *ACEAcsendoActis *AdidasAditya Birla Group *Admiral Group plc *AdPersonas, IncAFK SistemaAfrican School for ExcellenceAirlabsAkar HotelsAker SolutionsAlixPartnersAllianz Capital Partners GmbH *Allianz Global InvestorsAllseasAlpinvest Partners *AlstomAmadeus *Amazon *Amdocs *American Express *Ammann GroupAmphenol Corporation *ANZ Bank *Apax Partners *Apple *

AppnexusAriston Thermo Group *Arthur D. LittleAscent CapitalAsian Development Bank *AskHerFriends LimitedASLAN Pharmaceuticals *AstraZeneca *Audi AGAvenida ResearchAvenportAVentures CapitalAvest PartnersAviance CorporationAvon *Axios International * BB2WBain & Company *Bank IndonesiaBarclays Capital *BASFBBVABeCapital Investment AdvisorBecton, Dickinson & Company *Bertelsmann AG *Bharti Airtel Ltd *BHP Billiton *Biogen IdecBlackRock *BMO Capital Markets *BNP ParibasBooz & Company *Box.net *BPBrambles *Braskem

Breakwater CapitalBridges VenturesBritish American Tobacco (BAT) *British Telecom *BroadpeakBubble MotionBurberry AsiaBurger King CC.I.P. GroupCalypso TechnologyCanal+ *CapgeminiCapital Group Companies *CapitaLandCargill *CarlsbergCelsa Group *Centrica plc *ChanelChope Group Pte LtdChrysses Demetriades & Co. LLCCIMB Investment Bank *CIMB PrincipalCiti *City Credit CapitalClinton Health Access Initiative *Cloud Silver LiningCobepaCoca-ColaCognoLinkCollaborneColler Capital *COMAC CapitalCommercial InsuranceConsulting Point *

Companies in bold recruited at least three MBA Graduates in 2011.Companies marked * participated in on-campus recruiting activities.

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34 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 35

Pontiac LandPosco EnergyPositivo InformáticaPowerStream IncPrestaGrupoPropertyGuruProphet Consulting *ProsperitasPRTM *Puma India QQ.Cells *QNBQuintiles * RRaffles Education Corporation *Raicommerce Construction JSCRalph LaurenRamsons Garment Finishing EquipmentRaycap *Reliance Equity AdvisorsResponsible Research *Risk ManagementRO InternationalRoche *Rocket InternetRoland Berger Strategy Consultants *Rolls-Royce Plc *RomprRothschild Bank *Rouge PartnersRoyal KPN N.V.Russell Investments SSabre HoldingsSAC CapitalSamsung *Samsung Fire/Marine InsuranceSanford C. Bernstein Limited *Santander *

SAPSchindler Management Ltd *SchlumbergerSchlumberger Business Consulting *Schneider Electric *Seabury GroupSeedfundSefairaShearman & Sterling LLPShell International *ShoreBank InternationalSiam Cement GroupSiemens AG *Siemens Management Consulting *Sika AGSingapore GovernmentSingTelSino French Life insuranceSkillKindle India Private LimitedSkylake IncuvestSkypeSmartSociété GéneraleSodexo *Sofinnova PartnersSolon Management Consulting *Solution Providers *SonySorin Group *SSY (Simpson, Spence & Young)Standard Chartered Bank *Starwood Hotels & Resorts *Step Up CapitalSTX Desenvolvimento ImobiliarioSunrise Brokers ltdSyngenta *Synthes *Systra TTana Africa CapitalTBC Bank

TD SecuritiesTechnical Enterprises CompanyTencent *The Beijing Axis *The Blackstone Group *The Boston Consulting Group *The Parthenon Group *Thomson Reuters *Triton AdvisorsTurbo Monitoring Ltd UUBS *UniCredit SpA * VV Raheja Design ConstructionVale *Value Partners *Vinci EnergiesVISA IncVisciraVishwajyot High SchoolVodafone *Volkswagen ConsultingVooxlVotorantim WWish Want WearWood Mackenzie *WPP Group * YYahooYum! International ZZS Associates *Zynga

TOTAL: 455

Intercontinental Hotels GroupInternational Finance Corporation *InvescoInvestment AB KinnevikIsac Brandberg ABItaú Bank * JJaguar Land Rover *Jefferies International Ltd *Jetstar JapanJFP Holdings LtdJohnson & Johnson *JP Morgan *Julius Baer KKaiser AssociatesKayak.comKing Street Capital ManagementKiva *KKR Capstone *Koda LtdKoFounder LabsKonus Advisory GroupKPMGKundi Networks LL.E.K. Consulting *La Tour d’ArgentLabelux Group GmbHLafarge *Latham & Watkins LLPLazard *Le Food Trading Pte LtdLiebherrLinkedIn *LivingSocial *Lloyds Banking Group *L’OccitaneL’Oréal *Louis Dreyfus CommoditiesLouis VuittonLumi MobileLuxola *

Luxottica Group *LV China *LVMH * MMaaple GmbHMacquarieMalaysia Blue Ocean Strategy InstituteManchester UnitedMangrove Capital PartnersMapletree Investments Pte Ltd *Marakon *MarketBridgeMassey Knakal Realty ServicesMasterCard *Mastercard AdvisorsMatrix GroupMcKinsey & Company *MedtronicMercapital Private EquityMercatto Capital PartnersMercer Consulting *Merrill Lynch *Merz Aesthetics Asia Pacific *Mesoamerica PartnersMET PlcMetailMichel Dyens & CoMichelinMicrosoft *Millicom International CellularMitsulift *Mizuho Corporate BankMobile Financial Services AfricaMobile MandiMoelis & Company *Monitor Group *Montagu PEMorgan Stanley *Mountain High ResourcesMubadala Development Company *

NNational Bank of GreeceNatura *NestléNewGenCards.comNexus-Carbon for Development *Nissan Motor Company *NokiaNomura *North East HealthcareNovartis *NTT DATA Institute of Management ConsultingNytrosoftware OO BoticárioOaktree CapitalOC&C Strategy ConsultantsOceanAirOD-OSoff7Oi TelecomOliver WymanOman Oil CompanyOnkyoOpera Solutions *Optionality ConsultingOracle Corporation * PPacific AllianceParasight LtdParkway Health *PayPalPaywhere Pte LtdPaz Oil CompanyPCAS Patient Care Automation ServicesPepper Tree Pte LtdPepsico *PermiraPernod Ricard *Philip Morris International *Philips International *PIMCO *

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36 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 37

By Sector Total 281Summer internships and compensation trendsAround 56% of the December 2011 class reported having a summer internship (those graduating in July are not available for summer internships). As in previous years the average duration was seven weeks. An impressive 150 companies offered internships to INSEAD participants in 2011 (up from 145 in 2010) and 22 companies took more than 3 interns. The majority of students used their summer job to gain experience in a new company and overall satisfaction ratings among participants were very high.

As in previous years, internships in financial services accounted for the

majority of opportunities with 32% of graduates reporting an offer in that sector. The number of internships in consulting, consumer & luxury goods and energy grew, while we saw fewer students take up opportunities in healthcare.

The geographical distribution of internship opportunities remained relatively stable, with a small growth in internships in South America and Africa / Near / Middle East. The strong summer associate recruitment in investment banking and consulting offered above average salaries in internships in the UK. Monthly salaries varied widely from €300 to €12,200.

By region Total 281

7% Africa / Near / Middle East

33% Asia Pacifi c

5% North America

5% South America

4% Central / Eastern Europe

3% Southern Europe

43% Western Europe

Advertising / Publishing 0.5%

Asset Management 1%

Construction 0.5%

Consulting 19%

Consumer & Luxury Goods 10%

Corporate Services 1%

Energy / Petroleum 6%

Financial Services 2%

Healthcare 5%

High-Tech / Telecommunications 11%

Investment Banking 23%

Manufacturing 4%

Media / Entertainment 2%

Other 0.5%

Primary Industries 1%

Private Equity 3%

Public Sector / Social Impact 4%

Transportation 0.5%

Travel / Leisure Services 2%

Venture Capital 4%

Within Europe Total 138

Within Asia Pacific Total 94

France 7%

Germany 12%

Russia 4%

Switzerland 6%

United Kingdom 57%

Other* 14%

China 16%

Hong Kong 5%

India 11%

Singapore 51%

Other * 17%

* includes countries where fewer than 5 jobs were reported: Austria, Belgium, Georgia, Greece, Ireland, Italy, Luxembourg, Spain, The Netherlands, Romania and Turkey.

* includes countries where fewer than 5 jobs were reported: Australia, Cambodia, Indonesia, Japan, Korea, Malaysia, Mongolia, Philippines, Samoa and Thailand.

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38 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 39

Summer jobs: monthly base salaries

# Range € Median €Consulting 51 500 – 12,200 6,700Consumer & Luxury Goods 26 400 – 5,500 2,200Energy / Petroleum 15 300 – 5,700 4,500Healthcare 13 350 – 5,600 2,000High-tech / Telecommunications 27 300 – 7,700 2,900Investment Banking 61 1,000 – 8,700 6,000Manufacturing 12 1,200 – 12,200 3,500Media & Entertainment 4 1,500 – 4,600 1,700Other Finance 6 2,100 – 6,000 3,200Private Equity 4 3,500 – 5,700 4,200Travel / Leisure Services 6 2,000 – 4,500 3,350Venture Capital 14 500 – 5,700 2,000

# Range € Median €*Brazil 12 500 – 7,900 6,700China 12 300 – 3,700 1,600France 10 800 – 8,000 2,250Germany 16 400 – 6,000 2,500Hong Kong 5 3,600 – 6,300 5,700India 8 500 – 4,500 2,000Russia 6 3,000 – 10,000 6,750Singapore 46 600 – 8,600 3,200Switzerland 8 2,600 – 12,200 7,100The Netherlands 4 2,500 – 8,500 8,250United Arab Emirates 6 1,900 – 12,200 5,700United Kingdom 75 1,000 – 7,400 5,700USA 6 2,700 – 7,700 4,800

By sector*

By country*

Overall monthly mean salary € 4,400Overall monthly median salary € 4,500

* Where 4 or more salaries were reportedExchange rate: Oanda, average for the period: 1/07/11 – 31/08/11

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40 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 41

IIdeiasnetIFCIMGInfosys TechnologiesInternational SOS JJaguar Land RoverJohnson & JohnsonJones the GrocerJP MorganJR286JWT KKenergy LLabbrandLeopard CapitalLinkedInLinks of London, The Folli Follie GroupLions Head Global PartnersLloyds Banking GroupLongscaleLouis Vuitton MM & G InvestmentsMariwasa Ceramic TilesMcKinsey & CompanyMetailMerzMetier Capitalmoksha8 Pharmaceuticals, Inc.Monitor GroupMorgan StanleyMubadala Development Company

NNational SemiconductorNaturaNestléNeuhaus PartnersNewcom GroupNomuraNovartisNovusmodus OOC&C Strategy ConsultantsOracle Corporation PPerella Weinberg PartnersPhilips InternationalPimcoPlaNet FinancePlanning Management Consultants RRed BullResponsible ResearchRoland Berger Strategy ConsultantsRothschild BankRTL Interactive SSchlumberger Business ConsultingShell InternationalShopDailySiemens AGSIT (Systematic Inventive Thinking)SoLoMoCoSouth Pacific Business DevelopmentSRMGStandard Chartered BankStanley Black & DeckerSTMicroelectronics

TTBL Mirror FundTemasek HoldingsTencentThe Blackstone GroupThe Boston Consulting GroupThe City of LondonTommy HilfigerTrekiz UUBSUnited NationsUNICEFUPS VVialuxVirgin Green Fund WWarburg Pincus international LLCWest African CementsWootide

TOTAL: 150

Companies which hired summer interns in 2011

A A.T. KearneyAbraaj CapitalAbratable Pte LtdActisAdidasAditya Birla GroupAll Property Media Pte LtdAllianz Capital Partners GmbHAmazonAmeenAmerican ExpressAmphenol CorporationArthur D. LittleAvenportAvon BBain & CompanyBank of America Merrill LynchBarclays CapitalBecton, Dickinson & CompanyBiogen IdecBMO Capital MarketsBoondBooz & CompanyBridges VenturesBritish Telecom

CCaseableCentrica plcCIMB Investment BankCitiCommercial InsuranceCredit AgricoleCredit Suisse DDafiti.com.brDanaherDanoneDellDeutsche BankDexusDFRDelta PartnersDSM EEarlybird Venture CapitalEcole PolytechniqueEli LillyELMA IncEndeavor GlobalEricssonESPN Star SportsEstée LauderExploit Technologies

FFacebookFair Trade USAfarfetchFigrFounderslinkFrappstar GGE HealthcareGlaxoSmithKlineGeneral Motors International OperationsGoldman Sachs InternationalGolien LtdGoogleGravityGroupon HHasso Plattner VenturesHach LangeHeidrick & StrugglesHeinemann Asia Pacific Pte. LtdHerma LimitedHipoges IberiaHSBCHudson Clean Energy

Companies in bold employed at least 3 interns

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42 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 43

Post a job descriptionAt any time during the year, descriptions of career opportunities (full-time positions or internships) can be posted on our user-friendly website, CareerLink, free of charge and viewed by MBA participants on both campuses. The site makes it possible for applicants to respond directly to the recruiting organisation.

Contact individuals directly through the CV BookThe CVs of our MBA participants are an important recruiting tool, whether companies plan to recruit on campus or by direct contact. For each class, we publish a CV Book, which is also available online with many useful search capabilities, such as languages, previous work experience and educational background.

Recruit for internships and projectsThe January intake has the opportunity to work on a July–August internship or project during the two-month summer break. Managers hiring INSEAD MBA participants in this way benefit from having highly motivated, self-starting individuals work on specific business issues.

Career Services sponsored eventsWe arrange many additional events throughout the year. Examples include: panel discussions on careers in specific industries or women’s career issues; seminars on presentation skills or case interview techniques; and preparation for finance interviews. All of these provide participants with specialised insights and allow the companies involved to promote their brand on campus.

ClubsINSEAD has a wide variety of sector-specific participant clubs, including consulting, healthcare, energy, private equity, marketing, entrepreneurship and NGOs. Working with the clubs on their various events enables recruiters to target – and network with – groups of motivated participants very efficiently.

For more details on recruiting at INSEAD, please visit the “Corporate Recruiters” section of our website:

http://www.insead.edu/corporate_recruiters/

General EnquiriesEurope Campus Tel: +33 (0)1 60 72 90 [email protected]

Asia Campus Tel: +65 6799 5428 [email protected]

A wide choice of recruiting methodsThe Career Services team provides advice and assistance for recruiters throughout the hiring process. We are committed to working closely with organisations to find an INSEAD recruitment strategy that fits their needs.

Recruiters can access 1,000+ MBA, 150+ EMBA and a network of 43,000 Alumni through our offices. Identical opportunities to hire INSEAD MBAs are provided twice a year on both of our campuses (Europe and Asia). The number of MBA participants taking part in campus exchanges between Singapore, Fontainebleau (France) the Wharton School of Business and Kellogg School of Management (USA) has stabilized. In 2011 around 71% of participants chose to move at least once between campuses. Given such mobility, it is vital that recruitment messages reach all participants. Ideally, companies achieve this by having a physical presence on both campuses or by taking advantage of our video-conference facilities. We recommend mixing and matching the following recruitment methods according to your needs. Please do not hesitate to contact us to discuss your best approach for successful recruitment at INSEAD.

Recruit on campusIf you wish to build corporate brand image and increase awareness of your company’s career opportunities, on-campus recruitment is usually the best approach. This consists of a one-hour presentation usually followed by a networking cocktail reception, with interviews held at a later date. Employer visits take place during the two main recruitment periods (March–June and September–December). Interviews can be arranged on both campuses, taking advantage of our interview rooms, state-of-the-art video-conference facilities, and the web-based interview-scheduling system on our CareerLink platform.

Participate in a Career FairThe Career Fair is a great opportunity to meet and network with outstanding participants who are interested in posts in Asia, Europe and beyond. It is also a convenient way to build a company’s presence on campus and to meet future key international decision-makers and customers – without engaging the resources required for a formal presentation.

Participate in a Networking EveningParticipating in a multi-industry networking evening, where a limited number of companies are invited, gives you a chance to network face to face with students in an exclusive setting. 1,000+ MBA,

150+ EMBA & a network of 43,000 Alumni

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INSEAD MBA Graduates 2011 4544 INSEAD MBA Graduates 2011

Important INSEAD recruiting guidelinesNon-disclosure of grades: INSEAD’s selection criteria demand a rigorous evaluation of intellectual and professional abilities. To obtain the MBA degree is a significant achievement. As a matter of policy, grades are considered confidential during the recruitment process. However, participants will be able to communicate about whether or not they are on the official Dean’s List of high performers. Full transcripts of grades can be obtained only after graduation.

Equal consideration for participants on both campuses: Participants are selected from a centralised applicant pool, so both campuses have roughly the same MBA profile. Recruiters are therefore expected to consider all candidates regardless of their campus location, including those on the exchange with Wharton and Kellogg. It is also in employers’ interests to target both INSEAD campuses, as – after the first four months of the programme – participants are able to move freely between sites every two months. Career Services has comprehensive systems in place, such as video-conferencing equipment, to facilitate this process.

Non-discrimination: As an international business school, INSEAD adheres to the principles of equality and impartiality. We expect companies recruiting at INSEAD to respect these principles.

For more details on recruiting at INSEAD, please visit the “Corporate Recruiters” section of our website:

http://www.insead.edu/corporate_recruiters/

General EnquiriesEurope Campus Tel: +33 (0)1 60 72 90 06 [email protected]

Asia Campus Tel: +65 6799 5428 [email protected]

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46 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 47

Tonga

Tuvalu

Vanuatu

Vietnam

Central / Eastern Europe

Albania

Armenia

Azerbaijan

Belarus

Bosnia and Herzegovina

Bulgaria (EEA)

Croatia

Czech Republic (EEA)

Estonia (EEA)

Georgia

Hungary (EEA)

Kazakhstan

Kyrgyzstan

Latvia (EEA)

Lithuania (EEA)

Macedonia

Moldova

Montenegro

Poland (EEA)

Romania (EEA)

Russia

Serbia

Slovakia (EEA)

Slovenia (EEA)

Tajikistan

Turkey

Turkmenistan

Ukraine

Uzbekistan

Latin America

Anguilla

Antigua-Barbuda

Argentina

Aruba

Bahamas

Barbados

Belize

Bermuda

Bolivia

Brazil

Cayman Islands

Chile

Colombia

Costa Rica

Cuba

Dominica

Dominican Republic

Ecuador

El Salvador

Falkland Islands

Grenada

Guadeloupe

Guatemala

Guiana

Guyana

Haiti

Honduras

Jamaica

Martinique

Mexico

Montserrat

Netherlands Antilles

Nicaragua

Panama

Paraguay

Peru

Puerto Rico

St Kitts and Nevis

St Lucia

St Vincent and The Grenadines

Surinam

Trinidad and Tobago

Turks and Caicos Islands

Uruguay

Venezuela

Virgin Islands (British)

Virgin Islands (US)

Near / Middle East

Bahrain

Iran

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Palestine

Qatar

Saudi Arabia

Syria

United Arab Emirates

Yemen

North America

Canada

USA

List of countries per region

Africa

Algeria

Angola

Benin

Botswana

Burkina Faso

Burundi

Cameroon

Cape Verde

Central African Republic

Chad

Comoros

Congo

Congo Rep.Dem.

Djibouti

Egypt

Equatorial Guinea

Eritrea

Ethiopia

Gabon

Gambia

Ghana

Guinea

Guinea-Bissau

Ivory Coast

Kenya

Lesotho

Liberia

Libya

Madagascar

Malawi

Mali

Mauritania

Mauritius

Morocco

Mozambique

Namibia

Niger

Nigeria

Reunion

Rwanda

Saint Helena

Sao Tome And Principe

Senegal

Seychelles

Sierra Leone

Somalia

South Africa

Sudan

Swaziland

Tanzania

Togo

Tunisia

Uganda

Zambia

Zimbabwe

Asia Pacific

Afghanistan

American Oceania

American Samoa

Australia

Bangladesh

Bhutan

Brunei Darussalam

Cambodia

China

Christmas Island

Cocos Islands

Cook Islands

East Timor

Fiji

French Polynesia

Guam

Hong Kong

India

Indonesia

Japan

Kiribati

Korea

Lao

Macau

Malaysia

Maldives

Marshall Islands

Micronesia

Mongolia

Myanmar

Nauru

Nepal

New Caledonia

New Zealand

Niue

Norfolk Island

North Korea

Pakistan

Palau

Papua New Guinea

Philippines

Samoa

Singapore

Solomon Islands

Sri Lanka

Taiwan

Thailand

Tokelau

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48 INSEAD MBA Graduates 2011 INSEAD MBA Graduates 2011 49

Northern Europe

Denmark (EEA)

Faroe Islands (Denmark)

Greenland (Denmark)

Finland (EEA)

Iceland (EEA)

Norway (EEA)

Sweden (EEA)

Southern Europe

Cyprus (EEA)

Gibraltar

Greece (EEA)

Italy (EEA)

Malta (EEA)

Portugal (EEA)

Spain (EEA)

Vatican

Western Europe

Andorra

Austria (EEA)

Belgium (EEA)

France (EEA)

Germany (EEA)

Ireland (EEA)

Liechtenstein (EEA)

Luxemburg (EEA)

Monaco

Switzerland

The Netherlands (EEA)

United Kingdom (EEA)

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INSEAD Europe CampusBoulevard de Constance77305 FontainebleauTel: +33 (0)1 60 72 40 00Fax: +33 (0)1 60 74 55 00

INSEAD Middle East Campus4th Street - Muroor RoadP.O. Box 48049 Abu DhabiUnited Arab Emirates Tel: +971 2 651 5200 Fax: +971 2 443 9461

INSEAD Asia Campus1 Ayer Rajah Avenue138676 SingaporeTel: +65 6799 5388Fax: +65 6799 5399

www.insead.edu