MBA EMPLOYMENT REPORT

2016
2016
TRENDS & STATISTICS

The HEC Paris MBA Class of 2016 had a very job market and we encourage our students to
successful recruitment year, with 92 percent explore a variety of industries and functions.
of the class having accepted job offers within The Career Center’s recruitment board posted a
three months of graduation. Our high-achieving wide range of more than 4,000 job offers this
graduates, from 51 countries around the world, year, including internships, fieldwork projects
are fully prepared to become the global business and full-time positions.
leaders of the 21st century. Armed with a global
mindset, the latest knowledge of today and We continue to see an increase in “block” hiring
access to a network of over 56,000 alumni in – companies that recruit two or more students
132 countries, almost 50 percent of graduates from the program. Nearly 40 percent of MBA
secured employment outside of their home students received and accepted offers with
countries. multinational companies – such as Amazon,
A.T. Kearney, GE, Google, HSBC, McKinsey &
While nearly half of the graduates will work in Company, and PwC – that hired two or more of
Europe, we saw an increase in the number of our graduates. And, on average, our 2016 alumni
students who accepted employment in North doubled their pre-MBA salaries.
America and Southeast Asia. The majority of our
students made a career transformation, with 65 Our location in one of Europe’s strongest economies,
percent changing sector, 67 percent changing and our powerful network of recruiting companies
function and 63 percent changing their location. and alumni allowed our students to continue to
Almost 70 percent of the class changed two of find senior-level positions in the world’s most
the three elements and an impressive 37 percent sought-after companies. Nearly 4,000 HEC Paris
changed all three. alumni have gone on to become CEOs, CFOs or
have founded their own companies.
The Economist ranked the HEC Paris MBA as one
of the top MBA programs in Europe for the third We would like to take this opportunity to thank
consecutive year and the number one program our loyal alumni and recruiters, who continue
for diversity in recruitment. In addition, we are to show confidence in our talent. We are proud
proud to remain one of the top European MBAs of our achievements and we look forward to
as ranked by Forbes, Bloomberg BusinessWeek, continuing to prepare future generations of
Financial Times and Poets & Quants. global leaders to solve the business problems of
tomorrow.
Our Career Center ensures that our students’
career goals align with the needs of the global
Tony Somers
Director - Career Management
Corporate Partnerships & Careers
CLASS PROFILE

CLASS PROFILE
HEC PARIS MBA 2016
INTERNATIONAL
PARTICIPANTS NATIONALITIES

92% 51

GENDER AVERAGE AGE

33% WOMEN 30
AVERAGE WORK GMAT AVG
EXPERIENCE
6 YEARS 690

GEOGRAPHIC ORIGINS (NATIONALITIES)

26%
EUROPE

23% 9% 42%
AMERICAS AFRICA &
MIDDLE ASIA &
EAST OCEANIA

4
HEC PARIS MBA 2016

“Before the HEC Paris
MBA, I was a university
associate professor teaching
history and English. The
MBA allowed me to gain
the three main pillars
that were necessary for
completely changing my
career: self-confidence,
business fundamentals and
an amazing, international,
open-minded network.”

Pauline Beaugé de La Roque -
PhD, MBA 16
Account Manager, Business Consultant
Michelin

5
HEC PARIS MBA
SALARIES

SALARIES

On average, MBA graduates from
HEC Paris doubled their pre-MBA
OVERALL SALARY
salaries.
2014 2015 2016

Base Salary

82,100€ 82,500€ 86,300€

92% Package

OF THE CLASS
ACCEPTED JOB
OFFERS WITHIN
THREE MONTHS 95,700€ 96,700€ 100,500€
OF GRADUATION

Sign-on Bonus

10,500€ 13,000€ 14,200€

TOTAL

€86,300 €14,200 €100,500 €17,500
ANNUAL BASE ANNUAL BENEFITS ANNUAL SALARY SIGN-ON BONUS
SALARY ON SALARY PACKAGE
(not including bonus)

6
HEC PARIS MBA 2016

SECTOR LOCATION

CONSULTING France
Annual Base €93,400 Annual Base €75,600
Annual Salary Package €110,500 Annual Salary Package €86,200
Sign-on Bonus €23,100 Sign-on Bonus €10,500

FINANCE Western Europe
Annual Base €95,550 (including France)
Annual Salary Package €116,800 Annual Base €81,400
Sign-on Bonus €19,000 Annual Salary Package €94,900
Sign-on Bonus €15,000
INDUSTRY
Annual Base €82,300 North America
Annual Salary Package €94,500 Annual Base €99,900
Sign-on Bonus €10,500 Annual Salary Package €120,750
Sign-on Bonus €18,060
SERVICES
Annual Base €70,770 Southeast Asia
Annual Salary Package €74,700 Annual Base €91,770
Sign-on Bonus n/a Annual Salary Package €107,100
Sign-on Bonus €12,200

Middle East/Gulf Region
Annual Base €110,250
Annual Salary Package €127,050
Sign-on Bonus €19,820

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HEC PARIS MBA
CAREER TRANSFORMATION

CAREER
TRANSFORMATION

At HEC Paris MBA, we pave the way for students to transform their careers. Our students succeed in
changing their career paths, whether it is a sector, function or geography change. Almost 70 percent of our
2016 graduates changed at least two of these three elements, while 37 percent changed all three aspects of
their career.

FOR THE CLASS OF 2016

67% 65%
CHANGED
63%
CHANGED CHANGED
FUNCTION SECTOR LOCATION

70%
CHANGED AT
37%
LEAST TWO OF CHANGED
THESE THREE ALL THREE
ELEMENTS

8
HEC PARIS MBA 2016

SECTOR CHANGE
Overall, our students moved into the Consulting, Technology and Consumer Goods sectors, and away from
Government/Not-for-profit, Construction, and Energy.

PRE-MBA POST-MBA

Technology Energy/Utilities Consumer Goods
15% 9% 4%
17% 2% 4%
Consulting Govt./Not-for-profit Luxury/Retail
8% 7% 3%
21% 5% 5%
Financial Services Manufacturing Comms/PR
15% 6% 3%
18% 1% 2%
Aeronautics Food/Beverages Real Estate
5% 3% 1%
2% 5% 1%
Construction Life Sciences Telecom
2% 5% 4%
1% 2% 2%
Electric Media/Entertainment Other
1% 2% 7%
2% 1% 4%

Automotive Travel/Transportation
3% 2%

FUNCTION CHANGE
Our students graduate ready to take on leadership positions and we can see this in our results, with many
moving into managerial roles and “fast-tracks” to C-level positions.

PRE-MBA POST-MBA

Consulting General Management Engineering
18% 10% 10%
26% 14% 0%
Finance Marketing & Sales Other
17% 14% 9%
17% 11% 4%
Business Development Ops, Production, Logistics
6% 16%
11% 17%

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HEC PARIS MBA
RECRUITER ACTIVITY

RECRUITER
ACTIVITY
As was the case in 2015, the “at graduation” placement rate is directly connected to the increase in what is
known as “block” hiring – recruiters who hire two or more students from the year’s graduating class. Block
hiring increased for the third consecutive year. In 2016, this amounted to almost 40 percent of the total
placement, an increase of 5 percent over the statistics for 2015, and more than 20 percent over the 2014
equivalent.

More than 200 companies worldwide recruited from the class for either full-time or internship positions and
66 percent of students found positions through HEC Paris connections. A full list of recruiting companies
can be found on page 18.

TOP BLOCK-HIRING RECRUITERS

SOURCE OF JOB 25%
22% On-Campus
Alumni Network Recruitment Event
The connection between internships
and full-time positions continues to
be a powerful one, with all but one of
the top 15 recruiters hiring at least one
intern. Almost half of the total number 21%
of companies who hired one or more Job/Internship
participants also hired an intern. Postings
Finally, almost 30 percent of the 2016
graduating class received offers from
their internships, with over 20 percent 26%
Own Network
accepting these offers.
6%
Other

10
HEC PARIS MBA 2016

“The HEC Paris
MBA gave me the
confidence to go outside
of my comfort zone
and work in a new
industry, function
and language—
simultaneously. And
the drive to do it all
again in the future.”

Alexander Eldred -
MBA 16
Head of After-Market Services
Amazon.fr

11
HEC PARIS MBA
CAREER CHOICES

CAREER CHOICES FOR
THE CLASS OF 2016
Rate Marketing and Sales 11%
Employed at three months 92% General Management incl. MDPs 14%
Operations/Production/Logistics 17%
Sector Legal 2%
Human Resources 1%
Industry 45% Other 2%
Information/Computer Technology 17%
Energy/Utilities 2% Location
Electric/Electronics 2%
Luxury/Retail 5% Region
Life Sciences 2% France 23%
Consumer Goods 4% Western Europe (excluding France) 26%
Food/Beverages 5% Eastern Europe 1%
Real Estate 1% North America 10%
Automotive 3% Latin America and Caribbean 6%
Construction 1% Middle East 7%
Manufacturing 1% Central Asia 7%
Aeronautics 2% Asia (including Australia) 19%
Africa 1%
Finance 18%
Financial Services 18% International Mobility

Consulting 21% Working outside their home country 49%
as percentage of total Class
Consulting 21%

Working outside France 67%
Services 16% as percentage of total Class
Media/Entertainment 1%
Travel/Transportation 2%
Government/Not-for-profit 5% Non-Europeans working in W. Europe 71%
Communications/PR 2% as percentage of European
Telecoms 2% placement only (61%)
Other 4%
Non-French working in France 70%
as percentage of French
Function placement only (71%)

Financial Services 17%
Non-Europeans working in France 62%
Business Development 11% as percentage of French
Consulting 26% placement only (59%)

12
HEC PARIS MBA 2016

“The HEC Paris MBA
allowed me to propel my
career to the next level.
Through the classes,
clubs and networking
events I met fascinating
professionals, learned
about the luxury industry
and gained a strategic
approach to business-
problem solving.”
Marika Iourachkou -
MBA 16
Business Project Manager, Global Sales
Chloé

13
HEC PARIS MBA
SECTOR AND FUNCTION ANALYSIS

SECTOR
ANALYSIS

INDUSTRY

Placement in the Industry sector was at 45 percent. As was the case in 2015, this is again being driven by the
Tech sector, accounting for almost 17 percent of the total class. Amazon continues to be our top recruiter,
with other significant recruiters in the sector being Google, Apple, Wipro, Microsoft and BlaBlaCar.

The combined sectors of Consumer Goods and Food/Beverages account for almost 10 percent of the
class, while Energy declined from 8 percent to 2 percent in the past two years, which reflects the current
challenges in the sector as a whole. Our students were recruited by a wide range of top Industry companies
including Cargill, Chloé, Colgate, Coca-Cola, Kellogg, Henkel, Kimberly Clark, Kraft Heinz, L’Oréal, Michelin,
Nike, Nissan, Procter & Gamble, Schneider Electric and Unilever.

CONSULTING
Consulting has again increased in popularity as a profession with 21 percent of students choosing it in terms
of sector, and 26 percent in terms of function. Base and salary packages in Consulting increased by almost 5
percent this year. Companies that recruited our talent in this sector include A.T. Kearney, Accenture, AlixPartners,
Booz Allen & Hamilton, Boston Analytics, CapGemini Consulting, EY, Infosys, KPMG, McKinsey & Company, Oliver
Wyman and PwC.

FINANCE
Placement in Finance this year is almost 18 percent, up 4 percent from 2015. The Finance sector saw an
increase in base salaries by more than 15 percent since last year. Our 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.

SERVICES
The Services sector accounted for 16 percent of the total recruitment, driven mainly by the NGO and not-
for-profit sectors.

14
HEC PARIS MBA 2016

SECTOR BREAKDOWN

16% 15% 16% 54% 15%
Services
2014

18% 14% 58% 10%
2015

18% 45%
Finance Industry 21% 18% 45% 16%
2016 2016

Consulting Industry
Finance Services
21%
Consulting

FUNCTION
JOB FUNCTION BREAKDOWN

ANALYSIS

15
HEC PARIS MBA
REGION ANALYSIS

REGION
ANALYSIS
MOBILITY 49% OF GRADUATES
SECURED
EMPLOYMENT
OUTSIDE OF THEIR
HOME COUNTRIES

REGIONS
The percentages of non-French finding jobs in France, and non-Europeans finding jobs in Europe were 70
percent and 61 percent of the placement rates in these regions.

JOB LOCATION

27%
19%

1%

16
HEC PARIS MBA 2016

“The HEC Paris MBA
was one of key factors
that enabled me to change
the big three: industry,
geography and company.
The international student
community at the HEC
Paris MBA allowed me
to strengthen my skills in
managing global projects
and leading international
teams. ”

Špela Kozamernik -
MBA 16
Global Group Account Director - Global
Programme Lead
Proximity BBDO

17
HEC PARIS MBA
COMPANIES WHO RECRUITED FROM
THE CLASS OF 2016

The following list includes companies that offered at least one full-time position, as well as those that had
internship positions accepted.

A Deutsche Bank K Santander
A.T. Kearney* DFS Kaiwu Capital Schlumberger Business Consulting
Abbott Dialog Café Kantar Vermeer Schneider Electric*
Accenture* DJI Kimberly Clark Shell
Access Co. Domozoom King Content Singapore Siemens
ACI Outremer KPMG SiMachines
Aditya Birla Group E Kraft Heinz* Singapore Polytechnic
ADP Edgar & Louis Kurt Salmon SMBC Nikko Securities, Inc.
AEC Partners Eib SNCF Consulting
Africa Internet Services SAS Eli Lilly L Sodexo
Airbus Emerson L.E.K. Consulting Softbank
Akzo Nobel ENEA Consulting Lemon Way Standard Chartered
AlixPartners* Enevo Inc Li and Fung Storebrand Insurance
Allianz Etam* L’Oréal StyleBank
Altea Resources Europraxis Sumitomo
Amadeus Expedia M Switchfly
Amazon* EY* Macquarie Group Synechron Technologies
Apple Make Consulting Syngenta
Armani Retail F Mars & Co Synoulse
Arthur D. Little Facebook McKinsey & Company*
Asian Development Bank Fairtrasa Michelin T
AXA FCB Global Microsoft* Talkable
ForgeRock Murex TATA Consulting Services
B French Ministry of Defense MusicNow SAS Telekomunikasi Selular
B2W retail Telkomsel Indonesia
BBDO Proximity G N The Boston Consulting Group
Bertelsmann GaleMed Neovian The Coca-Cola Company
Beya Capital GE* Nike The Kellogg Company
BlaBlaCar Genpact Nissan* Theano Consulting
Blommer Chocolate Google* Thought for Food
BNP Paribas* Grohe AG O TMC International Ltd.
Bolsa de Comercio de Santiago Groupon Obi Energy Tokyo Medical University
Booz Allen Hamilton Grupo Argos Oliver Wyman Total Soft Bank
Boston Analytics GSK Oracle Truffle Capital SAS
Brain and Capital Investment Orange
Brainsonic H Orefol U
HCL Uber
C Henkel P, Q UBS
Caixa Hilti PA Consulting Unilever*
Camper Holidog Parrot Drones UnionPay International
Capgemini Consulting HomeAway Pernod Ricard USAID
Cargill HSBC* Pingan Group US-China Building Efficiency
Carrefour Hubspot PiP and Green Development Fund
Chanel Pole Finance Innovation UTC
China-Africa Investment Fund I Procter & Gamble
Chloé I3C Consulting Limited Propelland V
Cisco IBM Publicis Vendome Global Partners
Citi IEG Investment Banking PwC* Ventana Medical Systems
Clarins IFC Qatar Petroleum Veolia
Clinton Global Health Initiative Imerys Qucit Verisure
(CHAI) Indra Business Consulting Verizon Services
CMA CGM Indsight Growth Partners R Vestas
Colgate Palmolive Infiniti RCI Mobility Voxta
CompoSIDE Infosys Reebok Cross-Fit Louvre
Crasner Capital ING Richemont W
Credit Suisse Ingredion Rincon de Aguililla Wind World India
CSC Initio Consulting Roche Wipro
Inline Telecom Solutions Rocket Internet Wooqer
D Integration Consulting Roland Berger
Daiwa Capital International Committee of the Rolls Royce X, Y, Z
Dassault Aviation Red Cross Rothschild Yancoal
Delivery Hero GmbH International Finance Corporation Yes Bank
Deloitte Consulting* Ixia S Zalando
Delta Partners Safran Zee Media Corporation Ltd
Despegar Sanofi Zurich Insurance

*Top recruiters in 2016

18
HEC PARIS MBA 2016

RECRUITING EVENTS
HEC Paris MBA Career Week: A week-long, on-campus event for companies recruiting specifically for
management positions (September).
International Finance and Consulting Forums: On-campus networking and job-placement events with a
specific focus on the Financial and Consulting industries (October and November).
HEC Carrefours Career Fair: Started in 1985, the Carrefours Career Fair is the flagship recruiting event for
HEC Paris students, attracting nearly 120 multinational companies and 60 startups every year (January).
MBA Internship Day: MBA-specific event with an emphasis on internship recruiting (January/February).
Individual company presentations: Company Presentations can occur through the year. In 2016,
participating companies ranged from L’Oréal to Uber.
Career treks: Regional, national and international treks organized throughout the program to give
students an insider’s view of companies within a specific sector.
Theme days: Organized by the MBA clubs, companies are invited to campus to discuss topics related to
their specific industries. In 2016, events focused on Energy, Entrepreneurship, Fintech and Sustainable
Business.
Club activities: HEC Paris MBA professional clubs aim to strengthen the relationship between the
HEC Paris MBA community and specific sectors. They organize roundtable discussions, evening guest
speakers, and networking dinners with HEC Paris alumni, and so on.
Job/internship postings and CV searches: Job opportunities can be posted on MBA Focus,
our careers portal. For more information, please email mbacareers@hec.fr.

WHEN CAN YOU RECRUIT?
Recruitment is open year-round, with emphasis on the MBA recruiting cycles (September to
December for full-time placement, and January to April for internships). These are the optimal
periods, as all our students are on campus. For more information, please email mbacareers@hec.fr.

The HEC Paris MBA lasts 16 months. There are two intakes, in September and January.

Availability of September intake:
• Internships from mid-April to the end of August of the following year
• Available for employment in January (16 months after the start of the program)
• Graduation in May

January intake:
• Internships from January to April of the following year
• Available for employment in May (16 months after the start of the program)
• Graduation in May

19
HEC PARIS MBA
www.mba.hec.edu 1 rue de la Libération
admissionmba@hec.fr 78351 Jouy-en-Josas
mbacareers@hec.fr France
Tel: +33 (0)1 39 67 73 83