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JOBS& SALARYTRENDS REPORT 2016/17

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2 Introduction and Methodology

Since 1990, the QS Intelligence Unit, in

collaboration with TopMBA.com, has con-

ducted an annual survey of MBA employers

worldwide to determine trends in interna-

tional salaries and recruitment. QS is proud

to produce the longest-established, geo-

graphically-broadest and most-comprehen-

sive global review of MBA jobs and salary

trends. The survey is targeted at those with

responsibility for MBA recruiting in their

respective companies. We ask them to tell

us about current and future levels of hiring

and remuneration, and use this to map out

global, regional and industry trends.

The latest edition of the QS Employer Sur-

vey is as extensive as ever and presents

an unrivalled overview of the world MBA

recruitment market. For the purposes of this

report, responses were received from 4,093

companies in 102 countries.

Nunzio Quacquarelli

Nunzio is the founder and managing direc-

tor of QS Quacquarelli Symonds Ltd, pub-

lishers of TopMBA.com and organizers of the

QS World MBA Tour. He holds an MA from

the University of Cambridge and an MBA

from the Wharton School.

Tim Dhoul

Tim, the report’s editor and coauthor, is the

editor of TopMBA.com. He is a higher and

business education specialist with a back-

ground in consumer journalism and charity

communications. He holds degrees in his-

tory (BA) and Latin American studies (MA).

Benjamin Clayton

Benjamin, coauthor of the report, is an ana-

lyst with the QS Intelligence Unit, where he

focuses on business schools, MBAs, and the

development of the English language as a

method of instruction. He holds a BA in pol-

itics, sociology and international relations

from the University of Cambridge.

Contributors

3

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Contents

Introduction and Methodology 2

Contents 3

Headlines 4

Why do Employers Hire MBAs? 6 …andwhatcanemployersoffergraduatesofthedegree? 7

1. Global Overview: MBA Jobs & Salary Trends 8 1.1 Changes in MBA demand around the world 8 1.2 Changes in MBA salary levels around the world 11

2. Industry Insights 14 2.1 Changes in MBA demand by industry 14 2.2 MBA salaries by industry 16

3. MBA Jobs & Salaries: In-Depth Analysis 18 3.1 US & Canada 18 3.2 Western Europe 20 3.3 Eastern Europe 22 3.4Asia-Pacific 24 3.5 Latin America 26 3.6TheMiddleEast&Africa 28

4. Long-Term Trends in MBA Jobs 30

5. What Employers Want 32 5.1 The MBA skillset 32 5.2ChallengesfacedbyemployerswhenhiringMBAs 33 5.3Yearsofworkexperiencesought 34 5.4FunctionalrolesofferedtoMBAs 35

6.EmployerRespondentProfiles 36

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4

Worldwide

ð 13% growth in MBA jobs globally, ahead

of expectations and not far off the long-

term average of 15% seen since 1990.

ð The US, India and Brazil remain the world’s

three biggest markets for MBA jobs.

ð Finance remains the largest

single area of hiring.

ð Consulting and technology see

the greatest growth in MBA

demand across 2015/16.

ð Technology has been the most consist-

ent area of hiring, in terms of year-on-

year growth, over the past three years.

ð MBA salary levels are on the rise in

the world’s younger regional markets

for MBA jobs, with the biggest boost

seen in Latin America.

ð Australia leads the US & Canada

for the highest-reported salaries

on offer to graduates.

US & Canada

ð Last year’s surge in hiring is backed up

by a further 16% rise in opportunities.

ð Overall salary levels remain

consistent and comfortably

above the US$100k-mark.

Western Europe

ð Growth of 4% is better than was antici-

pated last year but remains a reflection

of the region’s ongoing concerns.

ð Overall salaries remain over the US$100k

threshold despite a fall this year.

Eastern Europe

ð Healthy progress signalled by 9%

expansion in new MBA opportunities.

ð A good year for Russia, lead-

ing the region’s growth after its

poor showing last year.

Headlines

5

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Asia-Pacific

ð Surpasses expectations once again

with a 17% increase in MBA jobs

available to graduates.

ð Growth led by China and India once

more although newer players, such

as Pakistan and Malaysia, are also

making their mark.

Latin America

ð A stellar year in which the region’s mar-

ket for MBA jobs has been reinvigorated

by an 18% jump in hiring and a signifi-

cant rise in average salaries.

ð A good year for Brazil as it prepared for

and hosted the Summer Olympics, its

MBA job market swelling as a result.

Middle East & Africa

ð A sluggish year of just 1% growth in

which losses from key markets in the

UAE and Saudi Arabia have been felt.

ð Salaries across the region have remained

largely consistent in spite of the disap-

pointing growth in jobs.

What do MBA employers want?

ð Soft skills continue to be considered a key part of the MBA value proposition among employers.

ð Around 69% of employers worldwide seek MBA hires with more than three years’ prior

work experience; 31% seek those with more than five years’ experience.

ð Strategic planning describes the role into which MBAs are most commonly hired, followed

by non-advisory finance roles, general management, marketing and consultancy.

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6 Why do Employers Hire MBAs?

Why do employers target those in possession of an MBA degree and for what purposes are grad-

uates hired? The following quotes are taken from a 2016 series of recruiter interviews, all of

which are available to read in full on TopMBA.com*.

“KPMGunderstandsandrecognizestheimportanceofMBAstoourfirmandtoourclients.Aswe

continue to position ourselves as a leader in the marketplace, we can anticipate that the demand

forMBAswillonlycontinuetoincrease.”

KPMG’snationaldirectorofcampusrecruiting,MalanaWhite

“ByhiringMBAswithexpertiseinspecificareas,weknowthatwe’rebringinginteammembers

that have had the appropriate training necessary to add value and succeed.”

Dell’suniversityrelationsanddiversitymanagerforNorthAmerica,MariaCrabtree

“OneofthekeythingsforMBAsisthatwe’retryingtobringinpeoplewhocanbefutureleaders

within the company.”

Cisco’suniversityrecruitmentleadfortheAmericas,NicholasColinear

“DeltahaslongrecognizedthevalueofhiringMBAstosolvecomplexchallengesandidentifysolu-

tionsthatallowustobestserveourcustomersthroughoutallaspectsofourbusiness.”

DeltaAirLines’directoroftalentacquisition,GlenJohnson

“We’rehiringmoreMBAsthaneverbeforebecausewe’refindingthatthemiddleanduppereche-

lonsofourcompanycouldn’tbefilledwithinternaltalentinthewayithadbefore.”

UPS’sdirectoroftalentacquisition,MattLavery

“WeplantocontinuehiringMBAs;it’sbecomingmoreandmoreofastandardforleadershiproles

andarequirementforourcoreareas,suchascorporatestrategyandmarketing.”

LandO’Lakes’manageroftalentacquisition,NickKoewler

*http://www.topmba.com/article/tags/recruiter-interviews

7

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…and what can employers offer graduates of the degree?

Of course, recruitment in the second decade of the 21st century is very much a two-way street.

At the level to which MBAs aspire, the onus is on the employer to show what they can offer grad-

uates as much as it is on the MBA to showcase their abilities. With that in mind, here are some

further highlights from TopMBA.com’s recruiter interview series.

“PwC’s Strategy& hires MBAs at the senior associate level. They work closely with clients and

PwC’sStrategy&teamstoidentify,clarifyandresolvecomplexissuescriticaltoaclient’sstrategic

and operating success.”

Strategy&campusrecruitinglead,SeemaMalveaux

“IncomingMBAsaregivenresponsibilityfromtheonset,itisasteeplearningcurveandwechal-

lenge them to go beyond ‘business as usual’.”

Barclays’headofbankingassociaterecruitment,KristiRobson

“Our MBAs will acquire transformational leadership and pivoting skills that are essential to

a dynamic workplace.”

AT&T’sassociatedirectorofdevelopmentprograms,TheresaHoover

“Thereisnoone-size-fits-allentry-levelpositionforMBAgraduatescomingin.Ourcurrentrota-

tionalprogramdesigntapsintothefeaturesofwhatthefuturecareer,orcareers,willlooklikefor

manymillennials.Thatis,adiverserangeoffunctions,roles,segmentsandpotentiallygeogra-

phies,andinvolvesloadsofcomplexityandchange.”

Mars’ talent manager, employer reputation and university relations, Manuel Muñoz

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1. Global Overview: MBA Jobs & Salary Trends

1%

4% 17%

16%

9%

18%

1.1 Changes in MBA demand around the world

Region 15/16 (forecast) 15/16 (actual) 16/17 (forecast)

Asia-Pacific 13% 17% 13%

Eastern Europe 17% 9% 10%

Latin America 14% 18% 5%

Middle East & Africa 3% 1% 2%

US & Canada 14% 16% 3%

Western Europe 2% 4% 2%

Global 11% 13% 7%

8

9

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Surpassing expectations this year has been

the growth in new opportunities on offer in

the US & Canada, a region which has now

backed up the bumper year of growth it saw

last year, when MBA demand rose by 26%.

However, it is employers in Latin America

which report the year’s highest growth fig-

ure and a startling recovery on the mere 1%

figure the region witnessed last year, reaf-

firming the value of the qualification in the

region. In this, Latin America seems certain

to have been buoyed by the international

attention centered on Brazil this year, as Rio

de Janeiro hosted the Summer Olympics.

Asia-Pacific has continued to defy pre-

dictions of a slowdown to the pace of its

growth in MBA demand, while hiring in

Western Europe has been better than was

anticipated this time last year. Conversely,

the healthy rise in new opportunities open

to MBAs in Eastern Europe hasn’t quite lived

up to the high expectations our employer

respondents placed in the region last year.

Even so, perhaps the year’s only negative

note is the stagnancy reported across the

Middle East & Africa this year, which has

been slightly worse than was feared.

Aside from Western Europe and the Mid-

dle East & Africa, the rise of MBA demand

has been relatively consistent, wavering no

more than five percentage points from the

global average in both mature and emerging

markets. This showcases the qualification’s

continuing appeal no matter where in the

world you find yourself.

Around the world, the demand for MBA graduates has risen by 13% between 2015 and 2016 – a

level of growth which comes close to replicating the 14% figure seen in the previous edition of

this report and stands ahead of the 11% forecast we made last year.

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10

The world’s top 20 countries for MBA demand, 2016/171UNITED STATES

2INDIA

7UAE

8SAUDI ARABIA

9MEXICO

3BRAZIL

4 CANADA

6CHINA

10SOUTH KOREA

11SPAIN

5SINGAPORE

12RUSSIA

13UK

14JORDAN

15JAPAN

16EGYPT

17PAKISTAN

18PERU

19KAZAKHSTAN

20GERMANY

The table shows the 20 countries in which we found the

highest volume of MBA job opportunities on offer. In this

assessment, larger countries will invariably perform bet-

ter than those with smaller populations yet it’s notable

that all regions of the world are represented in this top 20,

even those which experienced underwhelming growth

over the past year.

The US continues to lead the way as the world’s biggest

market for MBA graduates, with its North American neigh-

bor, Canada, nestled safely within the top five. Five coun-

tries in Europe make the top 20, three of which can be

found in the more mature markets of Western Europe and

two of which can be found in Eastern Europe and its more

emerging appetite for holders of the degree. Asia-Pacific

has even more representatives than Europe, with six.

These include India – the world’s second-biggest market

for MBAs - Singapore and China.

Among Latin America’s three representatives is the

region’s most populous nation and third-biggest market

for MBA jobs, Brazil. Meanwhile, UAE and Saudi Arabia are

the Middle East & Africa’s highest-placing nations for the

size of their MBA employment markets, in seventh and

eighth position, respectively.

11

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1.2 Changes in MBA salary levels around the world

MBA salary levels by region

Region 2016 2015% Change

(15/16)

US & Canada $94,000 $97,300 -3%

Western Europe $83,200 $91,300 -9%

Eastern Europe $49,600 $53,000 -6%

Asia-Pacific $70,900 $69,200 2%

Latin America $62,300 $46,200 35%

Middle East & Africa $66,600 $68,700 -3%

MBA bonus levels by region


(15/16)

US & Canada $29,900 $26,100 15%

Western Europe $19,700 $19,800 -1%

Eastern Europe $22,500 $9,300 142%

Asia-Pacific $19,400 $26,000 -25%

Latin America $18,600 $8,300 124%

Middle East & Africa $22,100 $12,300 80%

Total compensation continues to

top US$100,000 in the mature MBA

employment markets of the US & Canada

and Western Europe, on average. There’s

little change in the US & Canada, where

a slight drop to the average base level

on offer is offset by a rise in reported

bonus levels. Western Europe does take

MBA salary levels: Total compensation (including bonus levels)


(15/16)

US & Canada $123,900 $123,400 0%

Western Europe $102,900 $111,100 -7%

Eastern Europe $72,100 $62,300 16%

Asia-Pacific $90,300 $95,200 -5%

Latin America $80,900 $54,500 48%

Middle East & Africa $88,700 $81,000 10%

*allfiguresareinUSdollars,US$

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12

a hit when we convert the average base salary on offer into US dollars for the ease of our

comparison, but bonus levels have remained consistent after taking a tumble last year.

The largest beneficiaries this year, when it comes to salary levels, are those who have been

seeking positions with recruiters based in Latin America. Indeed, the region is no longer the

source of the world’s lowest average salaries, as was the case in 2015. Two of the world’s

other younger MBA employment markets - Eastern Europe and the Middle East & Africa -

also post noteworthy salary rises, in spite of the latter’s stagnant growth rate in terms of

available opportunities over the past year.

There’s a slight drop to the overall levels on offer in Asia-Pacific this year, but base levels in

the region have actually risen ever so slightly. This seems impressive given the continued

growth in opportunities we see in Asia-Pacific, especially in light of the variance we see

between the levels that different markets and individual countries within the region can

reasonably offer graduates by way of remuneration.

13

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Country of Employer Average Salary Average Bonus Total

1 Australia $108,250 $14,700 $122,950

2 United States $100,714 $29,500 $130,214

3 Canada $92,500 $23,214 $115,714

4 Ireland $92,125 $12,100 $104,225

5 United Kingdom $91,600 $27,967 $119,567

6 Singapore $90,700 $46,429 $137,129

7 France $87,071 $36,667 $123,738

8 Malaysia $82,267 $11,940 $94,207

9 Italy $80,833 $24,167 $105,000

10 Brazil $75,138 $25,210 $100,348

11 Germany $72,767 $14,580 $87,347

12 United Arab Emirates $72,000 $21,000 $93,000

13 Peru $68,333 $23,500 $91,833

14 Colombia $63,200 $13,500 $76,700

15 Portugal $60,333 $13,700 $74,033

16 Japan $60,000 $20,000 $80,000

17 Spain $57,929 $14,040 $71,969

18 Mexico $57,325 $18,385 $75,710

19 South Korea $55,000 $20,000 $75,000

20 China $52,273 $24,714 $76,987

The world’s top 20 countries for MBA salary levels in 2016

The table above shows the countries in

which the 20 highest average salary levels

have been on offer to MBAs among our

global pool of employer respondents

over the past year. They are ordered by

base levels on offer and therefore do not

include the average bonus reported by

employers in each country.

In order to make this comparison as fair

and robust as possible, those countries in

which usable employer responses did not

meet a minimum threshold were excluded.

Unfortunately, this has entailed excluding

the likes of Switzerland and New Zealand –

countries in which we have consistently seen

some of the world’s healthiest MBA salary

levels in previous editions of this report.

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14 2. Industry Insights

2.1 Changes in MBA demand by industry

Industry Growth in MBA jobs, 2015/16

Market share of recruitment in

2015

Market share of recruitment in

2016

Change in market share, 15/16

Aerospace / Defense 1% 0.3% 0.5% 0.3%

Construction / Property 16% 4.2% 3.8% -0.4%

Consulting / Professional Services 14% 8.7% 10.3% 1.6%

Consumer Goods 10% 1.6% 1.6% 0.0%

Education 13% 7.6% 7.3% -0.3%

Electronics / High Technology 7% 6.0% 5.1% -0.9%

Energy 0.3% 2.6% 2.4% -0.2%

Financial Services / Banking 8% 17.1% 16.3% -0.8%

IT / Computer Services 27% 12.2% 14.0% 1.8%

Law 0% 0.4% 0.4% 0.0%

Manufacturing / Engineering 7% 6.5% 5.7% -0.8%

Media / Entertainment & Arts 9% 0.3% 0.2% -0.1%

Metals / Mining 5% 2.2% 2.0% -0.2%

Other 13% 5.9% 6.3% 0.4%

Pharmaceuticals / Biotech & Healthcare 13% 4.6% 5.6% 1.0%

Public Sector / Govt. / Nonprofit 3% 1.5% 1.3% -0.2%

Recruitment / HR services 4% 3.3% 2.7% -0.6%

Retail 8% 2.5% 2.4% 0.0%

Telecoms 11% 3.4% 3.3% -0.1%

Transportation / Distribution 18% 1.0% 0.9% -0.1%

Travel / Leisure / Hospitality 31% 7.8% 7.5% -0.3%

Utilities 38% 0.6% 0.5% -0.1%

Consulting/professional services (consulting) and financial services/banking (finance) remain

significant, not to mention sought-after, MBA recruitment sectors worldwide. Finance firms

remain the single-largest recruiters among our respondents, though their share of recruitment

has fallen since last year. Consulting firms, on the other hand, are registering significant growth

in demand for MBA hires. While the IT/computer services (IT) sector has not traditionally had

the reputation of being quite as MBA-heavy as consulting and finance, these firms are showing

the biggest increase in their share of MBA hires among our respondents this year, and are now

the second-largest sector for MBA recruitment.

The general trend among industries is one of MBA recruitment becoming more concentrated

into key sectors. Pharmaceuticals/biotech & healthcare (pharmaceuticals), consulting, and IT

are all seeing significant increases in MBA hiring, while most other sectors are either stable or

have simply been outperformed by the aforementioned growth sectors.

15

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Yearly growth when divided into main hiring areas

Following exceptional registered

growth over 2014/15 – particularly in

consulting and industry – 2015/16 has

seen a continuing, albeit somewhat more

stable, pattern of growth.

Technology firms have seen significant

growth over the past year. Indeed, they’ve

registered a near-20% increase in MBA hires

this year, a rise of 5% from their previous

year’s growth. (Technology is grouped here

as a combination of the aerospace/defense,

electronics/high technology, IT/computer

services and telecoms sectors.)

Pharmaceutical firms have shown similarly

strong growth, scaling up from their more

muted growth across 2014/15.

Finance firms have remained relatively

stable in their recruiting trends - increasing

hiring at roughly the same rate as

previously. On the other hand, firms in the

consulting and industry categories have

gone from barnstorming levels of hiring

in 2014/15 to reduced rates of growth to

their levels of MBA recruitment.

Firms that fall under the ‘other’

classification include some of the less

traditional avenues of MBA recruitment,

such as the public sector/government/

nonprofit and transportation/distribution

sectors. This category is hiring MBAs at

nearly double the rate it was over 2014/15.

Consulting

Finance

Industry

Other

Pharmaceuticals

Technology

2014/15

2015/16

24%

9%

9%

8%

14%

24%

14%

8%

15%

13%

19%

8%

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16

2.2 MBA salaries by industry

Industry SectorAverage Salary

Aerospace / Defense $94,800

Construction / Property $120,300

Consulting / ProfessionalServices

$88,500

Consumer Goods $62,600

Education $78,200

Electronics / High Technology

$88,200

Energy $121,100

Financial Services / Banking

$99,100

IT / Computer Services $89,500

Law $165,000

Manufacturing/ Engineering $88,600

Industry SectorAverage Salary

Media / Entertainment & Arts

$86,500

Metals / Mining $125,800

Pharma / Biotech & Healthcare

$99,200

Public Sector / Govt. / Nonprofit

$88,500

Recruitment / HR Services $90,100

Retail $89,000

Telecoms $84,600

Transportation / Distribution $76,000

Travel / Leisure / Hospitality $84,200

Utilities $90,000

Other $80,400

Average salaries by industry in North America & Western Europe

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The majority of average salaries highlighted here fall between US$85,000 and US$95,000,

excluding bonus levels. Consulting and finance, two of the most desirable industries among

MBA graduates, produce average salaries of just under US$90,000 and US$100,000, respec-

tively. IT and other firms in the technology bracket, which have registered significant increases

to their MBA hiring numbers, are also paying graduates around US$90,000.

Particularly high-paying employers else-

where include those in the pharmaceuti-

cals which, like those in finance, are pro-

viding their Western European and North

American MBAs with salaries of just under

US$100,000. For MBAs willing to look

towards less traditional MBA hiring sectors,

construction/property and energy firms

have registered exceptionally high average

salaries this year, with both paying over

US$120,000 to their MBAs.

Some industries, while providing attractive

opportunities in evolving environments,

do appear to have significantly lower MBA

salaries than average. This is most notable

among consumer goods firms, followed by

companies in the education and transpor-

tation/distribution sectors.

The data for these average industry salaries

comes from employer respondents who

provided salaries for their North America

and Western Europe-based roles, and col-

lates figures provided in 2014, 2015 and

2016. Despite the large pool of respond-

ents this encompasses overall, the figures

for law and metals/mining include a rel-

atively small number of employers with

the relevant salaries, and therefore these

averages aren’t necessarily quite as relia-

ble as the remainder.

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14/15 growth (actual)


16/17 growth (forecast)

Consulting 26% 8% 1%

Finance 17% 3% 0%

Technology 29% 19% 3%

Pharmaceuticals 36% 7% 1%

Industry 6% 4% 4%

Last year, MBA job opportunities in the

US & Canada grew by 26% - an astonish-

ing return to form for the world’s most

mature market. That rise has now been

backed up by further growth in the shape

of an impressive 16% growth in new

opportunities between 2015 and 2016.

The standout industry growth over this

past year has, once again, come in the US

& Canada’s technology sector. However,

solid growth has also been seen in the

region’s consulting and pharmaceuti-

cal sectors. While none of these figures

quite hit the heights of what we saw last

year in individual industries (when jobs

in consulting rose by 26%, for exam-

ple) they do solidify those startling

surges and indicate that they were no

mere flash in the pan.

This year, North America’s growth in

MBA hiring is consistent across each of

the US and Canada – indicative of the health of

the world’s two most mature markets for grad-

uates. The forecast for the year ahead, how-

ever, is a little more conservative. However,

it must be said that 2016 has been a year of

increased uncertainty within the region – not

least because of the presidential election in the

US, any significant effects of which won’t start

to take shape until 2017.

14/15 growth

(actual)15/16 growth

(forecast)15/16 growth


(forecast)

US & Canada 26% 14% 16% 3%

3. MBA Jobs & Salaries: In-Depth Analysis

3.1 US & Canada

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MBA employer outlooks in the US & Canada - RegionstargetedforMBArecruitment

MBA employer outlooks towards the US & Canada - Who targets the region?

Salary trends in the US & Canada

Employers in the US & Canada are second only to Latin America for their tendency to gaze

inwards for their MBA hiring needs. This shouldn’t come as a huge surprise given the number of

reputable programs on offer within the region and, indeed, the level of international diversity

found among the students of these programs. It is interesting to note, however, that Asia-

Pacific is now the second-most favored region to which North American recruiters look, having

overtaken Western Europe over the past year.

Around the world, approximately a quarter of MBA employers from outside the US & Canada will

look to the region as part of their recruitment strategies. This proportion rises to more than a

third among employers in Western Europe.

US & Canada

Latin America

Western Europe

Eastern Europe


Asia-Pacific

All Regions

US & Canada 98% 18% 29% 15% 14% 31% 8%

US & Canada

Latin America

Western Europe

Eastern Europe


Asia-Pacific

US & Canada 98% 17% 36% 20% 26% 33%

The average MBA salary levels on offer from

employers in the US & Canada have remained

largely consistent over the past year.

In the US, the average base salary may have

fallen by 2.5% on that reported in 2015,

but bonuses have risen by 32% to offset

this loss. In Canada, the change since 2015

is fractional – the average base salary is

down by a mere 0.3% on last year. Across

the region, the pace of growth to hiring from

the consulting and finance industries is

slower than last year, which could go some

way towards explaining why we do not see

a salary increase in 2016 similar to that

seen last year. After all, these are the two

industries that traditionally pay out some of

the highest figures to MBAs.

US & Canada Average Salary Average Bonus

Canada $92,500 $23,214

United States $100,714 $29,500

Regional Average $94,000 $29,900

20

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Consulting 0.20% 1% 1%

Finance 3% 2% 1%

Technology 15% 2% -3%

Pharmaceuticals -1% 0% 2%

Industry 34% 7% 10%

There aren’t many who would say that

2015/16 has been anything other than

a challenging year for much of West-

ern Europe. However, the region’s MBA

employment market has still managed

to perform better than was anticipated

this time last year. Central to this has

been a rise in jobs available to MBAs

in our industry category – something

which also provides further evidence of

the number of different sectors in which

employers seek to harness the skills

of an MBA graduate.

Within the region, the strength of hiring

witnessed in the UK is a clear highlight,

although it should be noted that much of

this data will date to before the country’s

referendum over its EU status in the mid-

dle of 2016 and the ensuing uncertainty

generated as a consequence. To a lesser

extent, employers in Spain have also had

a decent year, yet the region’s overall

growth is tempered by disappointing years for

Germany, Switzerland and, in particular, Ireland.

Overall growth of 4% across 2015/16 comes

with a forecast for next year that is more mod-

est still, as recruiters await the potential impact

of the UK beginning its process of disengage-

ment from the EU and the start of election years

in both France and Germany.

14/15 growth




(forecast)

Western Europe 9% 2% 4% 2%

3.2 Western Europe

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MBA employer outlooks in Western Europe - RegionstargetedforMBArecruitment

MBA employer outlooks towards Western Europe - Who targets the region?

Salary trends in Western Europe

Employers in Western Europe are no longer the least inclined to recruit from within their own

region – a jump of five percentage points over the past year has allowed it to overtake Asia-

Pacific and the Middle East & Africa in this respect. However, more than a third of employers in

Western Europe target a region outside of their own, making them comfortably the world’s most

outward looking. The region also contains the highest proportion of employers with their eyes

set on recruiting from all regions of the world.

Outside of the region, graduates are targeted for recruitment by a quarter of employers –

just a fraction behind the proportion looking towards the US & Canada for their hiring needs.

Graduates from Western Europe are most often on the radar of recruiters based in the Middle

East & Africa, where they are targeted by a third of companies.

US & Canada

Latin America

Western Europe

Eastern Europe


Asia-Pacific

All Regions

Western Europe 36% 25% 90% 53% 28% 28% 18%

US & Canada

Latin America

Western Europe

Eastern Europe


Asia-Pacific

Western Europe 29% 12% 90% 25% 33% 24%

Denmark produces an average salary that

is closest to this year’s regional average

of US$83,200. Among the region’s five

most popular MBA study destinations

(according to the QS Applicant Survey 2015)

three countries post averages above this

threshold (the UK, France and Switzerland)

and two below (Germany and Spain).

Ireland may have had a bad year in terms

of growth in new MBA opportunities, yet

its employers report a rise in the average

salary on offer. The reverse is true of the UK,

in which a strong year of growth has been

accompanied by a fall in salary. The highest

salaries across the region can be found in

Switzerland and Belgium, although we must

note the smaller sample size among our

pool of respondents in each of these cases.

Western Europe Average Salary Average Bonus

Belgium * $129,000 -

Denmark * $83,900 $11,000

France $87,071 $36,667

Germany $72,767 $14,580

Ireland $92,125 $12,100

Italy $80,833 $24,167

Portugal $60,333 $13,700

Spain $57,929 $14,040

Switzerland * $120,500 $13,250

United Kingdom $91,600 $27,967

Regional Average $83,200 $19,700 * denotes countries with smaller sample sizes that have been excludedfromsectionone’sglobaltop20listing

22

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Consulting 4% 2% 3%

Finance 2% 5% 4%



Industry 14% -7% -1%

The pace of growth in the number of

opportunities available to MBA gradu-

ates in Eastern Europe has quickened to

more than double the rate seen between

2014 and 2015. The region has, in this

way, performed better than its neighbors

in Western Europe, yet still falls short

of the high expectations the region’s

employer anticipated last year. The fall

in positions reported in industry looks

to be the most likely culprit, although

growth to the region’s consulting indus-

try has been modest and the technology

industry has not been able to come close

to the surge in hiring it saw last year.

Perhaps the bar had been set a little too

high for Eastern Europe this time around

– next year’s forecast of 10% looks to be

more achievable purely by dint of its rel-

ative conservatism. Either way, it has been Rus-

sia and Kazakhstan that have been the drivers

of growth across the region between 2015 and

2016 and these two seem central to Eastern

Europe’s continuing progress.

14/15 growth




(forecast)

Overall 4% 17% 9% 10%

3.3 Eastern Europe

23

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MBA employer outlooks in Eastern Europe - RegionstargetedforMBArecruitment

MBA employer outlooks towards Eastern Europe - Who targets the region?

Salary trends in Eastern Europe

A quarter of employers in Eastern Europe look to hire from countries in the neighboring region

of Western Europe, while one in five are targeting graduates from the US & Canada. On the

whole, however, the region’s employers are far less likely to turn their attentions outward than

those based anywhere else in the world, bar Latin America.

Eastern Europe is targeted by more than half of recruiters located in the neighboring region of

Western Europe. This ensures that the overall average of those outside the region who target

Eastern Europe is just under a quarter, closely resembling the proportion of employers who look

to recruit from Western Europe.

US & Canada

Latin America

Western Europe

Eastern Europe


Asia-Pacific

All Regions

Eastern Europe 20% 6% 25% 94% 6% 12% 6%

US & Canada

Latin America

Western Europe

Eastern Europe


Asia-Pacific

Eastern Europe 15% 7% 53% 94% 26% 18%

Total salaries on offer from employers in

Eastern Europe have seen a notable uptick

over the past year, but one that seems to

relate more to the size of the bonuses on

offer than to the base average. The levels

reported by employers in Russia provide

ample demonstration of this trend and,

indeed, the region’s averages are closely tied

to the experience of the country with Eastern

Europe’s largest employment market.

Eastern Europe Average Salary Average Bonus

Greece * $26,400 $7,593

Lithuania * $25,080 -

Russia $47,333 $36,600


* denotes countries with smaller sample sizes that have been excludedfromsectionone’sglobaltop20listing

24

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Finance 15% 8% 2%



Industry 25% 11% 25%

When will Asia-Pacific stop defying

predictions of a slowdown to the pace

at which its MBA employment market

expands? The past year has again seen

it surpass the previous year’s forecast.

Growth has been solid in every area,

although consulting and industry have

seen the highest increases in hiring levels.

Within the region, the standout growth

figures pertain, once again, to China and

India. However, the region’s appetite for

holders of the qualification is certainly

not limited to these two 21st century

powerhouses. Double-digit percentage

growth has also been seen over the past

year in the emerging market of Paki-

stan and the established business hub

that is Singapore. Notable expansion

in Malaysia and growth to the mature

market of Japan are also not too far

off this threshold.

In the year ahead, industry areas of hiring are

expected to kick on across the region as a whole

and grow at an even faster pace than has been

seen in 2015/16. Elsewhere recruiters seem to

be more cautious about what lies ahead. Based

on the region’s track record, however, it seems

perfectly plausible that they will continue to

exceed the forecasts.

14/15 growth




(forecast)

Overall 18% 13% 17% 13%

3.4 Asia-Pacific

25

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MBA employer outlooks in Asia-Pacific - RegionstargetedforMBArecruitment

MBA employer outlooks towards Asia-Pacific - Who targets the region?

Salary trends in Asia-Pacific

More than one in 10 employers in Asia-Pacific are not looking to recruit from within the region.

This is perhaps evidence of a desire to hire graduates who have gained the kind of knowledge

that can help organizations expand from a regional stage to a global one. While 10% of the

region’s employers say they target every region of the world, sights are set first and foremost

on the US & Canada and, to a slightly lesser extent, Western Europe.

Employers in the US & Canada are the most likely to look to Asia-Pacific to meet their MBA

hiring needs, closely followed by those in the Middle East & Africa and Western Europe. The

worldwide average of MBA employers from outside Asia-Pacific who include the region in their

hiring plans is approximately one in five.

US & Canada

Latin America

Western Europe

Eastern Europe


Asia-Pacific

All Regions

Asia-Pacific 33% 10% 24% 18% 17% 89% 10%

US & Canada

Latin America

Western Europe

Eastern Europe


Asia-Pacific

Asia-Pacific 31% 6% 28% 12% 29% 89%

The average base salary level in Asia-Pacific

has risen slightly over the past year but,

overall, the region has not got much closely

to what’s on offer in the mature MBA markets

of North America and Western Europe. This

is, in part, because of the continuing variance

we see in what’s on offer between individual

countries in the region and, of course, the

relative costs of living to be found there.

On the one hand, Australia’s average tops the

worldwide list this year, while the levels seen

in Singapore stand comfortably alongside

the best in both North America and Western

Europe. On the other hand, average salaries

in Pakistan and Thailand are among the

world’s lowest. Even so, this year has seen

encouraging increases in remuneration

for those in India, Japan, Taiwan and, in

particular, Malaysia.

Asia-Pacific Average Salary Average Bonus

Australia $108,250 $14,700

China $52,273 $24,714

Hong Kong $51,074 $44,283

India $51,733 $4,725

Indonesia $49,000 $16,167

Japan $60,000 $20,000

Malaysia $82,267 $11,940

Pakistan * $24,000 $3,700

Singapore $90,700 $46,429

South Korea $55,000 $20,000

Taiwan $46,625 $16,830

Thailand * $27,000 $2,000



26

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Finance 18% 13% 5%

Technology -19% 11% -9%

Pharmaceuticals 1% 7% -7%

Industry 14% 22% -9%

Recruiters in Latin America expected

its growth in MBA hiring over this past

year to represent a significant improve-

ment on that seen in 2014/15 and the

region has more than delivered with an

18% rise in new opportunities for gradu-

ates of an MBA degree.

The greatest growth has come in the

region’s industry arena, yet has certainly

not been limited to this – the finance and

the technology/telecommunications

industries have also played their part.

It’s no surprise, given the country’s

hosting of the 2016 Summer Olympics,

to see Brazil taking center-stage within

Latin America. Employers in the region’s

most populous nation testify to strident

growth in new opportunities for MBAs

that more than makes up for its dismal

performance in our previous edition.

However, equally impressive has been

the expansion of MBA hiring levels in

Mexico and Argentina as well as in the more

nascent market of Venezuela, from which the

region’s highest growth figure this year derives.

By contrast, growth in new positions available

to MBAs in Chile, a relatively well-established

market in the region, has been more modest.

Perhaps as an aftereffect to Brazil’s Olympic

year, the pace of growth seen across Latin Amer-

ica this year is not expected to continue, such is

the impact wielded by the Lusophone nation.

A modest 5% growth figure is predicted for

2016/17 in which we might even see slight con-

tractions to the number of available positions

in all but the consulting and finance sectors.

14/15 growth




(forecast)

Overall 1% 14% 18% 5%

3.5 Latin America

27

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MBA employer outlooks in Latin America - RegionstargetedforMBArecruitment

MBA employer outlooks towards Latin America - Who targets the region?

Salary trends in Latin America

Recruiters in Latin America remain the world’s most fixated on hiring from within their own

region. They are also the least likely to look to recruit outside the region and just 4% are targeting

every region of the world. However, a little less than one in six will look towards North America.

On average, 15% of employers outside of Latin America said that the region was a target for

their MBA hiring needs and, among respondents in Western Europe, this figure stands at 25%.

US & Canada

Latin America

Western Europe

Eastern Europe


Asia-Pacific

All Regions

Latin America 17% 99% 12% 7% 5% 6% 4%

US & Canada

Latin America

Western Europe

Eastern Europe


Asia-Pacific

Latin America 18% 99% 25% 6% 14% 10%

Buoyed by renewed growth in the region’s

MBA job opportunities, employers in Latin

America are no longer paying out the

world’s lowest MBA salaries. Central to this

has been a leap in the figures on offer in

Brazil, which now has the highest average

salary in the region. Strong rises can also

be seen in what’s on offer from employers

in Peru and Mexico. It’s not all good news,

mind, with fractional falls detectable in the

averages on offer in Chile and Colombia –

two countries in which this year’s growth

has been more modest than elsewhere in

the region. Even so, the challenge for Latin

America will be to maintain and build on

these levels in the years ahead.

Latin America Average Salary Average Bonus

Brazil $75,138 $25,210

Chile $50,850 $9,900

Colombia $63,200 $13,500

Mexico $57,325 $18,385

Peru $68,333 $23,500


28

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Finance 2% -7% 0%

Technology 0.10% 1% 0%


Industry 29% -26% 7%

Despite healthy signs of growth to the

consulting and pharmaceuticals sec-

tors across the Middle East & Africa, the

overall number of MBA jobs available

from employers in the region has been

stagnant between 2015 and 2016. In this,

contractions to the number of positions

available among employers in the key

regional markets of Saudi Arabia and

the UAE appear to have held the most

sway. Although, considering the difficult

circumstances much of the region has

found itself in over the past year, it is per-

haps impressive in itself that the region

has not suffered an overall decline.

One area in which we do see a contrac-

tion in jobs available in the Middle East

& Africa, however, is in its industry sec-

tors – a bracket which encompasses the

malaise that has been afflicting oil production.

The finance industry has also seen a reduction

in positions on offer to graduates. The forecast

for the year ahead is modest, presumably as

recruiters wait and see how conditions in the

region might improve.

14/15 growth




(forecast)

Overall 8% 3% 1% 2%

3.6 The Middle East & Africa

29

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MBA employer outlooks in the Middle East & Africa - RegionstargetedforMBArecruitment

MBA employer outlooks towards the Middle East & Africa - Who targets the region?

Salary trends in the Middle East & Africa

Four of the world’s five external regions are on the radars of at least a quarter of employers

based in the Middle East & Africa as they continue to be among the world’s most outward

looking. Yet, in this respect the region now stands second to Western Europe, a change since

last year. In the past year, employers from the Middle East & Africa have also become the least

likely in the world to target their own region for MBA hires, overtaking Western Europe.

Recruiters in Western Europe are the most likely to target graduates from the Middle East &

Africa. On the whole, the region is currently attracting the attention of 14% of recruiters located

elsewhere in the world, putting it marginally behind Latin America in this respect.

US & Canada

Latin America

Western Europe

Eastern Europe


Asia-Pacific

All Regions

Middle East & Africa 26% 14% 33% 26% 88% 29% 14%

US & Canada

Latin America

Western Europe

Eastern Europe


Asia-Pacific

Middle East & Africa 14% 5% 28% 6% 88% 17%

It may have been an underwhelming year for

the Middle East & Africa in terms of growth

to the number of opportunities on offer

to MBAs, but salary levels have remained

resilient for the most part.

The base level is down 3% on what we saw

last year, but when you factor in reported

bonus levels, the overall figure is up. Saudi

Arabia (in which we must take note of a

relatively small sample size) and the UAE

both record a rise in salary this year, but it

is South Africa in which the region’s highest

salaries continue to be found.

Middle East & Africa Average Salary Average Bonus

Saudi Arabia * $60,000 -

South Africa * $92,500 $15,000

United Arab Emirates $72,000 $21,000



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30 4. Long-Term Trends in MBA Jobs

Index of long-term hiring trends

When looked at in isolation, MBA recruitment

between 2015 and 2016 has been strong on

all counts. Respondents from all four of our

main categories have kept up and exceeded

the volume of MBA hires seen in previous

years, though finance firms saw the small-

est rise in new hires. However, compared to

the explosive growth of the past two years,

2016 undoubtedly represents a stabilizing

of recruitment levels. Looking further into

the future, industry and consulting firms

still forecast an increased demand for MBAs,

while finance and technology both look set

to maintain existing numbers.

Finance quite rightly remains a highly desir-

able sector in which to work, but is also

arguably one of the most easily held hos-

tage to prevailing market conditions. Even

before upheavals in the political landscape

across much of the Western world made the

future regulatory environment increasingly

difficult to predict, slowdowns in the Chi-

nese markets had spooked many. As seen

elsewhere in the report, MBAs who find

QS’s long-term recruitment trends index* offers a fascinating insight into how MBA recruitment

has evolved over the past two decades. Following an astounding rise in MBA recruitment levels

across the board between 2013 and 2014 – particularly among firms that fall under our indus-

try and consulting categories, 2015 was another year of strong growth among our respondents.

After such a surge in recruiting levels, combined with increasing instability in global markets,

it’s unsurprising that MBA hiring estimates are now beginning to level off.

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

6.00

5.00

4.00

3.00

2.00

1.00

0.00

IndustryConsultingFinanceTechnology

31

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work in finance institutions can expect

high levels of compensation and a fas-

cinating, challenging environment, but

MBA-level jobs in finance may be subject

to increased levels of competition if low

supply from employers finds continued

high demand from would-be employees.

While we’ve seen elsewhere that tech-

nology employers are stepping up their

MBA hiring, we can see from the long-

term recruitment trends index that

technology has historically been the

smallest of our four main areas of MBA

recruitment. However, since 2013, it has

also been the most consistent in terms

of year-on-year growth. Technology is

a sector rife both with investment and

with continual innovation. Despite its

rise to prominence as an MBA-heavy

industry being slow (and still ongoing),

this seems sure to continue. MBA gradu-

ates looking for challenge and opportu-

nity would be well-advised to consider

working in the technology sector.

*QS’slong-termrecruitmenttrendsindex

focusespurelyonthefourprincipalave-

nues of MBA recruitment, leaving aside

more recent breakdowns which produce

the categories ‘other’ and ‘pharmaceuti-

cals’ seen elsewhere in this report.

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32 5. What Employers Want

5.1 The MBA skillset

Employer respondents are asked to rate the importance to their firm of 15 skills which future

MBA hires might possess on a scale of one to three, where one is considered least important and

three considered most important. They are then also asked to rate their satisfaction with the

expression of those skills among their current MBA hires from one to three, with one signifying

their being completely dissatisfied and three being completely satisfied.

In all but the case of academic achievement, importance of a skill averages out as being higher

than satisfaction with a skill. Four skills in particular stand out as being considered especially

important; communications skills, interpersonal skills, strategic thinking, and leadership skills.

Clearly, soft skills are considered a key part of the MBA value proposition among employers and

they take on MBAs because they expect to get someone who is both well-versed in technicali-

ties and capable of leading a team.

While employers do value skills such as corporate social responsibility and multilingual ability

(as both these skills average over 2.0 in terms of importance), the most sought-after skills tend

to be the less technical ones. Notably, relevant experience is considered more important than

academic achievement. Prospective MBAs can learn from this; MBA programs with a focus on

leadership, for example, are likely to provide an edge in the post-MBA hiring market.

Academic Achievement

E-Business

Entrepreneurship

Finance Skills

International Awareness

Interpersonal Skills

IT/Computer Skills

Leadership skills

Marketing

Multilingual

RelevantExperience

Strategic Thinking

Communications Skills

Risk Management

Corporate Social Responsibility

0.0 0.5 1.0 1.5 2.0 2.5 3.0

Importanceofvs.satisfactionwithskillsinhiresamongMBAemployers(2014-16)

33

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5.2 Challenges faced by employers when hiring MBAs

“Thetranslationofacademictheorytobusinessresults.Thereisnosubstituteforexperience!”

This was a fairly common sentiment. As noticed earlier, while academic work is arguably the

defining feature of the MBA, relevant experience in a field and business acumen are more sought

after. Although this may not be a surprise, it serves to underline the importance of internships

and other work placements undertaken during MBA programs.

“Unrealisticsalaryrequirements.”

Another reasonably frequent point and a tricky one to resolve. A key motivator for studying an

MBA is climbing the salary scale at a quickened rate, and this becomes all the more important

given the financial investment made in MBA tuition fees. Sources like the QS TopMBA.com Jobs

& Salary Trends Report can help provide job-seeking MBAs with information that can peg their

salary expectations at an appropriate level.

“TheywanttobeCEOontheirfirstday!”

Ambition is essential within business. Given the significant monetary and time investments

made in order to acquire the degree, it’s no surprise that those who take on the challenge

are ambitious themselves. Moreover, as seen elsewhere in this section many businesses hire

MBAs for leadership, strategy and management roles. While an MBA isn’t a ticket for immediate

admission to a board position, it provides a great opportunity to enter respected businesses in

a leadership role – CEO duties can come a few years down the line…

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34

5.3 Years of work experience sought

Year-by-year, preferred levels of work

experience among MBA employers remain

fairly consistent. Generally speaking,

employers prefer to hire MBAs with

between three and five years of prior work

experience. However, a significant number

of employers from the US & Canada are

more open to someone with between

one and three years of experience under

their belts. Latin American employers are

the most likely to value those with more

than five years of experience – 40% of

respondents from the region look for MBA

hires who exceed this threshold.

When we aggregate responses from 2014-

16 across all regions, we see that 31%

look for MBAs with three or fewer years’

experience, while another 31% look for

those with more than five years’ experience

and 38% prefer a midrange of between three

and five years of post-MBA work experience.

5% 26% 38% 20% 11%

6% 22% 39% 22% 11%

6% 27% 37% 20% 9%

2014

2015

2016

PreferredYearsofPost-MBAWorkExperience

Yearsofworkexperiencesoughtbyregion,2014-16

Region 0-1 Years >1-3 Years >3-5 Years >5-8 Years >8+ Years

Middle East & Africa 8% 22% 41% 18% 10%

Asia-Pacific 8% 26% 37% 19% 10%

Eastern Europe 2% 26% 40% 26% 6%

Latin America 2% 19% 38% 27% 13%

US & Canada 2% 35% 42% 11% 9%

Western Europe 8% 23% 35% 23% 10%

Grand Total 6% 25% 38% 21% 10%

0-1 Years > 1-3 Years > 3-5 Years > 5-8 Years > 8+ Years

35

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5.4 Functional roles offered to MBAs

Role 2016 2015 2014

Consultant 34% 34% 34%

E-commerce 10% 10% 10%

Finance - Advisory 25% 23% 22%

Finance - Other 38% 42% 36%

General Management 40% 37% 36%

IT / Technology 26% 20% 25%

Marketing 33% 38% 38%

Operations / Manufacturing 22% 23% 23%

Other Roles 10% 6% 7%

Sales / Business Development 26% 28% 30%

Strategic Planning 47% 44% 44%

Supply Chain / Logistics 19% 18% 17%

Role 2014-16

Consultant 34%

E-commerce 10%

Finance - Advisory 23%

Finance - Other 39%

General Management 37%

IT / Technology 23%

Marketing 37%

Operations / Manufacturing 23%

Other Roles 7%

Sales & Development 28%

Strategic Planning 45%

Supply Chain / Logistics 18%

We asked our respondents what functional

roles they were hiring MBAs into. In this, they

were able to select multiple options. In line

with the professed importance of strategic

thinking as an MBA skill, strategic planning

roles proves to be the function in which

MBAs were most commonly employed. This

is followed by non-advisory finance roles,

general management (in which strategic

thinking and soft skills in general are of great

importance) and marketing. Consultancy

is not only a commonly sought role, but a

consistent one too – it has been chosen by

34% of respondents each year.

E-commerce is the least important skill

according to our respondents, and with

the exception of the loosely termed ‘other

roles’, e-commerce positions are the least-

commonly offered MBA role too. Generally

speaking, technical roles are far less

frequently on offer than management-

based roles. Not only is e-commerce rarely

offered, but supply chain/logistics, IT/

technology and operations/manufacturing

are all offered as MBA roles by fewer than

25% of respondents, too. This trend has only

grown in 2016, as general management and

strategic planning have become even more

widely utilized as MBA roles, while marketing

roles have been offered less frequently.

On the whole, the functional roles on

offer to MBAs today are a reflection of the

ever-growing trend of recruiting MBAs

primarily for leadership-based, managerial

and strategic roles.

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36

Organization Size Definition

Large enterprise More than 2,500 employees 37.0%

Enterprise business 1,000 - 2,499 employees 9.4%

Mid to large-sized business 500 - 999 employees 8.6%

Medium-sized business 100 – 499 employees 16.0%

Small business 10 – 99 employees 20.5%

Micro-business 1-9 employees 8.6%

6.EmployerRespondentProfiles

Regional breakdown of MBA employer respondents

Employer responses by size of organization, 2016

Employer responses by industry 2014-2016

Middle East & Africa 5%

Asia-Pacific 38%

Eastern Europe 6%

Latin America 14%

US & Canada 13%

Western Europe 24%

Total responses 4,093

UtilitiesTravel / Leisure / Hospitality

Transportation / DistributionTelecoms

RetailRecruitment / HR services

PublicSector/Govt./NonprofitPharmaceuticals / Biotech & Healthcare

OtherMetals / Mining

Media / Entertainment & ArtsManufacturing/Engineering

LawIT / Computer Services

Financial Services / BankingEnergy

Electronics / High TechnologyEducation

Consumer GoodsConsulting/ProfessionalServices

Construction / PropertyAerospace/Defense

0 100 200 300 400 500 600

37

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0 100 200 300 400 500 600

MediapartnersfortheQSGlobalEmployerSurvey

iQuesta 1er Emploi, Stage & Alternance

Asia-Pacific Europe US & Canada Latin America

Finance Goldman Sachs Barclays Bank of America Merrill Lynch

BBVA

Standard Chartered Bank

Capgemini Blackrock Compañía Internacional de Seguros

Citibank HSBC JP Morgan Chase Citibank

Consulting Edanz Group Ltd. KPMG Deloitte Ernst & Young

Nexia TS Bain & Company Accenture Simon-Kucher & Partners

Mu Sigma Inc PwC Sage Everis Group

Technology Samsung Ericsson Amazon Nextel

LG IBM Wolfram Research Arrow Electronics

Acer Dell Elemica ATOS

Industry & non-professional services

Louis Vuitton Ocado Rolls Royce Adidas

Johnson & Johnson Shell Huffington Post Coca Cola

Dow Chemical Pfizer BP America Unilever

Sample of recent employer respondents by region, 2014-16

QS Quacquarelli Symonds Ltd

QS Quacquarelli Symonds was founded in 1990 and has established itself as the leading global provider of specialist higher education and careers information and solutions. Education and

career decisions are too important to leave to chance, so QS ensures that candidates have access to the best tools and the best independent expert information before making a decision.

QS organizes the largest business education event in the world, the QS World MBA Tour and boasts an extensive product range including print and online publications. It produces a range of annual primary research reports including the QS TopMBA.com Applicant Survey, the QS TopMBA.com Jobs and Salary Trends Report and the QS Global 200 Business Schools Report, as well as the

globally renowned QS World University Rankings®.

Website: www.TopMBA.com

All information © QS Quacquarelli Symonds Ltd 2015

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