Masters in Finance

Employment Report 2008

Access the world’s most diverse pool
of global business talent

Contents
London Business School Masters in Finance
Programme
How to recruit from London Business School
MiF2008 Class Profiles
MiF2008 Career Decisions
MiF Recruiters
MiF2008 Employment Profile
MiF2008 Salary Information
MiF Director’s Summary
We are pleased to present our highly talented graduating
students from the full-time Masters in Finance (MiF)
programme. These graduating students were faced with
an unexpected difficult market but we are pleased to
report that within three months of graduation, 83% had
full time offers of employment of which 80% accepted.
Our graduate’s success is demonstrated by the number
of senior lateral hire positions secured across a range of
sectors which shows the level of expertise, strong
technical skills and the competitive advantage that our
recruiters value in our graduates.
The MiF’s specialist finance skills together with their
experience have allowed them to pursue a diverse range
of jobs within finance sectors such as Venture Capital,
Private Equity & Corporate Banking. We have also seen a
slight increase of students moving into finance roles in
Industry and over double the number of graduates
moving into Consulting since 2007. Career Services has
been working to support these students to diversify into
various areas of finance by strengthening our recruiter
relationships across all sectors to connect them with
these opportunities.
Graduates from the Masters in Finance acquire deep
analytical and quantitative skills through their course
academics, enabling the 2008 graduates to be suitable
for a wide range of job functions from asset management
through to general management.
In addition, the quality and international appeal of our
students to recruiters is reflected in the spread of
geographic locations in which our students have
accepted positions. We continue to forge strong links
globally and 2008 saw students participate in the third
annual Dubai trek as well as the second Asia trek. It is
not surprising with the rapid economic development in
Asia that we see 26% of our students choosing to accept
positions within this region.
4 Our finance graduates are now well equipped to enter the
market and embrace new opportunities necessary in
5 today’s consistently changing market. It is an important
time for your organisation to take a long term hiring view
and ensure that you have forward thinking, highly
7
specialised individuals such as these Master in Finance
graduates that will excel in any market and drive your
8 business forward.
9 We look forward to working with you to connect our top
talent with the great opportunities in your organisation.
10
Best wishes,
11 Diane Morgan
Director, Career Services
Masters in Finance Employment Report 2008 3
London Business School Masters in Finance
Programme
Students from the Masters in Finance Programme
graduate with strong analytical tools required for
exceptional financial decision making that will
accelerate your business to the next level.
The Programme provides students with the benefit of
rigorous academic teaching from world class faculty
who have the latest financial expertise. This coupled
with the experience of being in a classroom with a
mixture of extremely bright professionals who have a
diverse range of financial experience from around the
world adds to the depth of their discussions and the
complexity of their thinking. As a result graduates
emerge ready to deliver in today’s business
environment, equipped with sharp decision making
skills necessary to accelerate your organisation to
reach its fullest potential.
Top financial recruiters continue to recruit finance
professionals from London Business School because
they know they need to build their business with
specialists who have make the necessary decisions to
position themselves to successfully ride the waves of
economic cycles. This ensures they maintain a strong
and highly competitive position within the market.
The London Business School Advantage
No matter what your recruiting needs, London
Business School will provide you with unrivalled talent
at all levels. London Business School graduates come
from a diverse range of backgrounds. The
combination of different professional, cultural and
academic backgrounds provides an unparalleled
learning experience for our students. This
environment combined with our world class teaching
gives our graduates the business acumen, drive and
leadership skills to excel and shape the future
business of tomorrow.
With a presence in four international cities – London,
New York, Hong Kong and Dubai – the School is well
positioned to provide students and alumni from more
than 130 countries with the capabilities needed to
operate in today’s business environment.
London Business School’s 1,400 degree students and
5,000 plus executive education participants come
from 130 different countries. Our 89 world renowned
faculty members come from more than 30 countries
and produce world-impacting research including the
4 London Business School
annual Global Entrepreneurship Monitor and Global
Investment Returns Book. Our 28,000 alumni span
across 120 countries and continue to lead global
organisations, run governments, transform
communities and start new businesses.
Diversity
London Business School awards 800 degrees every
year through our wide range of rigorous degree
programmes. When our students graduate they are
armed with decision making and international
leadership skills not only to transform organisations
but the way business in general is conducted. In our
continuously changing environment, employees with
this ability are essential.
Our eight programmes suit individuals at all stages of
their professional development and provide our
recruiters with talent at all levels.
Masters in Finance (MiF) - London Business School’s
flagship Masters in Finance (MiF) is taught by world-
renowned faculty and closely aligned with
professional practice so that these students graduate
with a pre-eminent postgraduate qualification for
finance professionals. These finance specialists will
suit a role at an enhanced level in finance within the
financial services or consulting sector, or in a
functional finance role.
MBA - Our MBA provides all the academic rigour
expected from a top-tier programme. The London
Business School classroom provides a uniquely
exciting peer environment based within a global
powerhouse of finance and business. Graduates from
this programme emerge with the ability to lead and
implement change and are ready to make their mark
on your business.
Executive MBA (EMBA) - London Business School’s
Executive MBA is one of the leading Executive MBA
programmes globally. This is a dynamic programme
for fully employed, mid-career managers and
professionals. These are driven individuals who have
learnt a breadth of knowledge across every discipline
of business and are ready to implement it to make an
immediate impact on business.
Dubai-London EMBA - London Business School’s
Executive MBA programme is now based in both
Dubai and London. This world-class programme
transforms ambitious and committed mid-career
managers into senior and influential business men

and women. These graduates are ready to shape and
mould one of the fastest growing regions, the Middle
East.
EMBA-Global and EMBA-Global Asia - These exceptional
Executive MBA programmes are attractive to
professionals all over the world. Under this
programme participants earn two full MBA degrees
from Columbia and London Business School. In May
2009, we also launch the EMBA-Global Asia
programme, run jointly by London, Columbia and
HKU business schools, giving students access to the
world-renowned faculties, alumni networks and
business capitals of the participating schools. This
experience makes them ideal candidates for senior
management positions requiring international
experience and a truly global perspective.
Sloan Fellowship MSc – This is a general management
leadership programme that will bring senior managers
to your business with the latest thinking on
leadership, strategy and globalisation to transform
your organisation.
Masters in Management (MiM) – Launching in August
2009, this new programme will add to our existing
degree portfolio and provide you with graduate talent.
These students will have learnt the foundations for a
successful career in business and beyond through
this one year business course. They will be ready to
join your graduate recruitment and analyst
programmes and start a successful career in your
business.
How to recruit from London Business School
Top recruiters continue to be attracted to London
Business School MiF graduates because of the depth
and breadth of their knowledge. There are many ways
you can get to know our students and to raise
awareness of your company at the School. Whatever
your needs, Career Services will work in partnership
with you to help you access the talent you need.
There are a number of ways to recruit from London
Business School depending on your organisational
need.
Current students:
• Advertise jobs online to our current students on
Career Central -
www.london.edu/recruiters/careercentral.html.
Post your position online, free of charge.
• Search our students CV’s – Register on Career
Central and we will provide you with online access
to CVs from our Masters in Finance, MBA, EMBA,
and Sloan students –
www.london.edu/recruiters/careercentral.html
• Recruit on campus – London Business School
provides facilities for you to present and interview
on campus.
• Holding an event is an excellent way for our
students to learn more about your company -
specific careers fairs, presentations, networking
events and club events, just to name a few. These
are great ways to network with our students and
market your brand. Career Services is delighted to
partner with you and work out the best method to
maximise your recruiting opportunities at the
School. Please contact the relevant person to
discuss your needs.
Alumni network:
You can also tap into our experienced hire talent pool
by using the London Business School Alumni Job
Board and CV database. By searching the CV
database you can identify high calibre talent from our
28,000 alumni or from our Sloan and Executive MBA
Programmes that consist of students with more years
of professional experience. Alternatively you can also
post a job on the Alumni Job Board. This is an
efficient and free way of finding senior talent. Visit
www.london.edu/recruiters/.
Masters in Finance Employment Report 2008 5
The Career Services team is committed to working in
partnership with our recruiters to find the approach
that works best and develop a tailored joint
recruitment plan to maximise their recruitment
success.
Key Contacts
Alumni Career Services
Nadim Choudhury Email:nchoudhury@london.edu
Telephone: +44 (0)20 7000 7421
Financial Services
Lara Berkowitz Email: lberkowitz@london.edu
Telephone: +44 (0)20 7000 7425
Shaun Fitzgerald Email: sfitzgerald@london.edu
Telephone: +44 (0)20 7000 7431
Kate Garside Email: kgarside@london.edu
Telephone: +44 (0)20 7000 7410
Ewa Kolaszewska Email: ekolaszewska@london.edu
Telephone: +44 (0)20 7000 7436
6 London Business School
Global Industry
Joanne Calver Email: jcalver@london.edu
Telephone: +44 (0)20 7000 7430
Heather Elvin Email: helvin@london.edu
Telephone: +44 (0)20 7000 7439
David Morris Email:dmorris@london.edu
Telephone: +44 (0)20 7000 7432
Management Consulting
June O’Connor Email:joconnor@london.edu
Telephone: +44 (0)20 7000 7418
Statement of Professional Standards
Please familiarise yourself with our Statement of
Professional Standards for recruiters which can be
found on our website at www.london.edu/recruiters/
Hiring non-EU students in the UK
Internships and Projects – Students do not need work
authorisation when undertaking a summer internship
or project in the UK. They are also able to work part-
time (up to 20 hours a week) during their
Programmes.
 Masters in Finance 2008 Class Profiles

Masters in Finance 2008 Class Profile Countries Represented

Graduates 139 Australia Romania

Female Students 21% Brazil Russia
Age range at graduation 23 - 40 Canada Singapore
Range of relevant work experience 2-19 China Slovenia
Average GMAT Score 695 Columbia South Africa
Croatia South Korea
Estonia Spain
France Switzerland
Germany Taiwan
Greece Thailand
India Turkey
Masters in Finance 2008 Regional Background Iran UK
Israel USA
Italy
Asia 45% Japan
Europe (excluding UK) 26% Mexico
North Amercia 12% New Zealand
Central & South America 6% Pakistan
UK 5% Peru
Philippines
Africa 3%
Poland
Australasia 3%
Portugal

Masters in Finance 2008 Educational Job Location prior to Programme

Experience

Finance, Accounting Asia 33%

and Economics 39% North America 21%
Business and Europe (excluding UK) 20%
Management 38% UK 16%
Social Science, Law, South America 6%
Arts and Humanities 12% Middle East 4%
Engineering, Technology,
Science, Maths and IT 11%

* This is a current profile. Our admissions decisions are taken in

accordance with best equal opportunities practice.
** Typically, participants have six years relevant experience, although
each applicant will be considered on his/her own merit. The School
values diversity and promotes a positive work and study
environment.

Masters in Finance Employment Report 2008 7

 Masters in Finance 2008 Career Decisions

Company Sector

Investment Banking 21%

Asset Management 16%
Consulting 13%
Commercial Banking or Corporate Banking 12%
Industry 12%
Central Banks/Ministries/Regulation/Public
Finance 10% Job Function
Venture Capital/Private Equity 8%
Private Banking 4% Markets (Sales, Trading, Structuring) 27%
Insurance and Pension Services 2% Doing Deals (M&A, PE, VC, etc.) 24%
Rating Agency 2% Consulting or Strategy 13%
General Management 12%
Asset Management 10%
Research 10%
Other 4%

Primary Location

UK 37%
Asia 26%
Europe (excluding UK) 21%
North America 7%
South America 5%
Africa/Middle East 4%

8 London Business School

 Masters in Finance Recruiters
Companies that hired students from the full-time MiF Programme in 2008

Please note that many more companies presented on our campus and/or posted opportunities for our students.

A.T. Kearney Google Old Mutual Asset Managers (UK)

ABN AMRO* Grupo Santander Ltd
Airwave Solutions Limited HSBC Oliver Wyman
Alpha Bank i2india [ventures] OppenheimerFunds
Alstom SA IFC Pali International
Alvarez & Marsal IMM Private Equity Poteza Partners ltd
ANZ Interattiva PricewaterhouseCoopers
Arrowstreet Capital Investcorp RBS (Royal Bank of Scotland)
Asurion Johnson & Johnson RBS Sempra Energy Europe
Bain & Company KAE: Marketing Intelligence Robert W. Baird
Banco de la Republica KPMG Royal Sun Alliance
Bancpost EFG Lehman Brothers* Russian Power Batteries (Group of
Bangkok Bank Public Company LG Electronics Companies)
Limited Magna Capital Ltd. Societe Generale
Bank of America McKinsey & Company Standard and Poor's
Bank of Japan Merrill Lynch Standard Bank
Barclays Capital Millennium BCP Suisse Standard Chartered Bank
Barclays Global Investors Mirae Asset Investments State Administration of Foreign
Bloomberg Montagu Private Equity Exchange, China
BNP Paribas Morningstar T.I.L. Darling
Calyon Nomura Tibra Trading Europe Ltd.
Caxton North Africa Holding Treasury Undersecretariat
Central Bank of Peru North Asset Management LLP Turkish Ministry of Finance
Central Bank of Phillipines Nuon UBS
Citigroup Oak Hill Advisors United Overseas Bank
Commerzbank Office in International Affairs at Weiser Capital Management LLC
CRA International Financial Services
Credit Suisse
Deloitte
Development Bank of Japan
Dimensional Fund Advisors
East Capital Private Equity AB
Eesti Energia AS
Elad Germany
EON Energy Trading
Ernst & Young
Essent Trading
Evalueserve
ExxonMobil
Fabien Pictet & Partners
Fidelity
General Electric Commercial
Finance
GM
GM Treasury

*Please note this was the company name at time of offer Masters in Finance Employment Report 2008 9
 Masters in Finance 2008 Employment Profile

Major Recruiters in 2008

Standard Chartered Bank 5

Credit Suisse 4
Barclays Capital 3
Standard and Poor's 2
McKinsey & Company 2
HSBC 2
Alvarez and Marsal 2
Dimensional Fund Advisors 2
Development Bank of Japan 2
Citigroup 2
BNP Paribas 2

10 London Business School

 Masters in Finance 2008 Salary Information

By Region UK Pounds US Dollars***

Overall Salary Sign-on Year End Overall Salary Sign-on Year End
Mean £55,798 £18,971 £31,271 Mean $110,139 $37,447 $61,726
Median £58,000 £20,092 £18,467 Median $114,486 $39,660 $36,452

UK Salary Sign-on Year End UK Salary Sign-on Year End

Mean £64,033 £22,384 £21,560 Mean $126,394 $44,184 $42,557
Median £60,000 £22,000 £20,000 Median $118,434 $43,426 $39,478

Europe (excl.UK) Salary Sign-on Year End Europe (excl.UK) Salary Sign-on Year End
Mean £60,006 £10,270 £21,504 Mean $118,445 $20,271 $42,447
Median £56,769 £7,648 £17,753 Median $112,055 $15,095 $35,042

Asia Salary Sign-on Year End Asia Salary Sign-on Year End
Mean £40,713 £11,194 £27,656 Mean $80,364 $22,097 $54,591
Median £35,724 £8,602 £15,000 Median $70,516 $16,980 $29,609

*** US Dollars to be converted at 1.9739 dollars to the pound on the 1 August 2008

Masters in Finance Employment Report 2008 11

London Business School
Regent’s Park
London NW1 4SA
United Kingdom
Tel +44 (0)20 7000 7000
Fax +44 (0)20 7000 7001
www.london.edu
A Graduate School of the University of London