Student Career destinations 2009
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Transcript of Student Career destinations 2009
1
The Warwick MBA career destinations
2 | Warwick Business School
Diversity & distinction at WBS
Graduates from the Warwick MBA are notable for their difference. Each of them is an individual, distinctive in their background, ambition, and experience. The 2008 graduating class joined us from 23 different countries and already had experience from a wide range of different business sectors and job functions. This diversity continues to be reflected in their choice of career after graduation.
Our participants do share one common theme – the Warwick Experience. By the time they graduate from Warwick, each of them will have benefited from our renowned approach to learning; academic rigor tempered with practical relevance. Taught by our internationally respected faculty, graduates have a solid background in leadership and a wide range of disciplines including finance, marketing, strategy, organisational behaviour, operations management, and HR.
Before they finish our programme, our participants will have gained useful consultancy and management experience as part of their studies. Each of them will have undertaken a significant ‘real-world’ project, as part of our Practice of Management module. Through this, we enable them to further develop their soft skills and to work with an organisation on a team project where they can put theory into practice.
The final part of their study programme is the individual consultancy project. The capstone to the Warwick MBA, it provides the opportunity to draw together the participant’s own experience with new found knowledge and skills and bring them to bear on a significant management project that is both academically assessed and professionally presented to the sponsoring organisation.
This is the distinction of the Warwick MBA – business knowledge, skills development, and practical application – all achieved during a fast-paced year at one of the world’s leading business schools. So if your organisation is looking for distinction and diversity then WBS is the place to start that search for your leadership talent of the future.
My team is here to help you and we hope that you will find the information provided in our brochure helpful. We look forward to partnering with you.
Carol RueDirector, Personal & Career Development
Contents
4 Class profile6 Location8 Industry sector9 Job function10 Financial rewards11 Source of position12 Consultancy projects14 Recruiting organisations
3
Before joining the Warwick MBA I was working as Finance Manager in a consulting engineering company in Kenya. When I decided to pursue an MBA, on full-time basis, I was looking for a school that was highly rated and respected and recognised internationally so that I would be able to work anywhere in world.
Completing the Warwick MBA gave me the credibility to switch both industry and function. I’m now working as Head of Strategic Planning, Analysis and Reporting at Zain, a leading mobile telecommunication company. How did I achieve this? I used the project and dissertation as a springboard.
Very early in the programme I approached Zain, then Celtel International, and registered my interest in doing my project and dissertation with them. This is one way through which employers can use to test the real value of the Warwick MBA as the placement enabled me to put my theoretical knowledge into practice. My dissertation topic was on foreign exchange exposure and management and with the support of the academic staff I was able to produce an excellent report for the company and as they say ‘the rest is history’!
During my studies, the syndicate group work exposed me to working with different nationalities and cultures. This experience has been invaluable as Zain is a multicultural organisation and it enabled me to settle in a new country and organisation easily and to be able to meet all the challenges a new job brings.
Peris KahukoHead of Strategic PlanningAnalysis and ReportingZain
4 | Warwick Business School
The Warwick MBA 2006–07 class profile
We select our participants to ensure that each class includes a diverse range of industry sectors, functional specialisms, educational backgrounds, and countries of origin. All applicants undertake a GMAT® test. With an average of eight years’ work experience and a working knowledge of an average of two different languages at the start of their studies, our participants are already established members of the global corporate community.
Number of graduates 45
Number of nationalities 23
Male: female ratio 2:1
Age range 23–44
Mid 80% age range 27–38
Average languages spoken 2
Average years work experience
8
AmericanBritish CameroonianCanadianChinese Dutch French German Greek Indian IrishJapanese Mexican New ZealandNigerian PakistaniPalestinianPeruvianPolishRussianSouth AfricanTaiwaneseThai
All nationalities
5
Other 7%
United Kingdom 17%
South Asia 17%
Africa 15%
Western Europe 11%
North America 7%
South West Asia 7%
Asia Pacific 5%
East Asia 5%
Latin America 5%
South East Asia 5%
Eastern Europe 2%
Nationalities by percentage Educational background
Engineering 16%
Economics 16%
Humanities 11%
Science 9%
Computer Science 9%
Business and Commerce 22%
Law 3%
Social Sciences 7%
Middle East 2%
Irish 2%
6 | Warwick Business School
Europe (West – non UK)Pre MBA 13%
Post-MBA 3%
Asia/Middle EastPre MBA 40%
Post-MBA 20%
Location
Sixty percent of Warwick MBA graduates chose to change location post-MBA to pursue their new career, showing that the Warwick MBA can take you anywhere in the world.
This class can still take advantage of the MBA provision, (formerly part of the UK Government’s Highly Skilled Migrant Programme and now part of Tier 1 (General)). For these graduates, the MBA gives them the full 75 points for attributes; they just need to meet the language and maintenance fund requirements to qualify to remain in the UK as a highly skilled worker under the new Government scheme.
Forty percent of Warwick MBA graduates chose to stay in the UK after graduation.
Pre-MBA & post-MBA regions
Europe (East)Pre MBA 0%
Post-MBA 10%
United KingdomPre MBA 24%
Post-MBA 40%
Asia PacificPre MBA 0%
Post-MBA 7%
North AmericaPre MBA 3%
Post-MBA 7%
Latin AmericaPre MBA 7%
Post-MBA 3%
AfricaPre MBA 13%
Post-MBA 10%
60% of our graduates changed location
7
Studying for the Warwick MBA gave me insight into global business through the diversity of the participants. Studying and working with people from all around the globe increased my appreciation of both the common and different aspects of working in a global business environment
Working with leaders in the fields of operations and service management has permitted me to use both industry best practice and innovative techniques in my role as a Process Improvement Consultant.
Christine Bouman MBA (Warwick)Process Improvement Consultant, Wipro Consultancy Services
8 | Warwick Business School
Technology / Media / TelecomsPre MBA 13%
Post MBA 7%
Industry / Engineering / ManufacturingPre MBA 20%
Post MBA 3%
Industry sector
Choosing to study for the Warwick MBA offers the individual the opportunity to reassess career goals and focus on the future. Many participants are interested in switching sectors. 60% of Warwick MBA graduates seized the opportunity to explore a new industry sector.
Finance and Consumer Retail were the most popular sectors in which to pursue a career post-MBA, accounting for almost half of all post-MBA positions, reflecting the value that these industry sectors place on the skills and experience held by Warwick MBA graduates.
OtherPre MBA 0%
Post MBA 17%
Pharmaceutical / HealthcarePre MBA 7%
Post MBA 13%
Consumer RetailPre MBA 13%
Post MBA 24%
Not for profit / Public SectorPre MBA 7%
Post MBA 3%
Consulting / Professional ServicesPre MBA 27%
Post MBA 10%
Banking / FinancePre MBA 13%
Post MBA 23%
Pre-MBA & post-MBA industries
60% of our graduateschanged sector
9
Pre MBA 7%
Post MBA 7% Production & Operations
Pre MBA 13%
Post MBA 13% General Management
Pre MBA 10%
Post MBA 3% Information Technology
Pre MBA 3%
Post MBA 3% Research & Development
Pre MBA 10%
Post MBA 3% Executive Management
Pre MBA 7%
Post MBA 3% Other
Job function
Many participants hope that the Warwick MBA will help them to build on their technical, specialised background and provide them with the knowledge and skills to take on a more strategic or leadership role. We help them achieve this through a comprehensive programme of learning and development and by sharpening their problem solving and people management skills, and critical thinking, to ensure they develop into exemplary leaders.
Pre- & post-MBA functions
Pre MBA 3%
Post MBA 3% Start Up
Pre MBA 7%
Post MBA 3% Project Management
Pre MBA 0%
Post MBA 14% Strategic Planning
Pre MBA 10%
Post MBA 14% Consultancy
Pre MBA 17%
Post MBA 17% Finance
Pre MBA 13%
Post MBA 17%Marketing & Sales
70% of our graduates changed function
10 | Warwick Business School
Financial rewards
On average our participants have eight years managerial work experience, so they already command a good level of remuneration. Having earned the Warwick MBA they then return to a challenging market place, most switching industries and role and many relocating to new countries.
The average salary increase for this cohort was an impressive 89 percent. Those based in Asia/Middle East saw even higher increases in salary. Participants who accepted jobs in Europe benefited from the highest salaries post-MBA.
Average Basic Salary
Europe
Africa
UK
North America
Asia/Middle East
Asia Pacific
£70,250
£59,914
£49,050
£46,120
£32,580
£15,000
Average post MBA salary
£47,000
Average total compensation£61,000
Average sign on bonus (where offered)
£11,500
11
Asia PacificAverage £21,000
Range salaries ranged up to £30,000
Asia/Middle EastAverage £44,396
Range salaries ranged up to £92,000
Asia/Middle EastAverage £32,580
Range salaries ranged up to £60,000
Average post-MBA basic salary range
Average post-MBA package range
UKAverage £49,050
Range salaries ranged up to £82,500
North AmericaAverage £46,120
Range salaries ranged up to £50,000
EuropeAverage £70,250
Range salaries ranged up to £100,000
Asia PacificAverage £15,000
Range £10,000 £20,000
AfricaAverage £59,914
Range salaries ranged up to £99,741
UKAverage £62,406
Range salaries ranged up to £121,875
North AmericaAverage £52,130
Range salaries ranged up to £60,000
EuropeAverage £88,375
Range salaries ranged up to £135,000
AfricaAverage £65,747
Range salaries ranged up to £99,741
*Includes salary, bonus and benefits (does not include sign on bonus)
12 | Warwick Business School
88% of our graduates were employed three months after graduation
Source of position
Our participants are highly motivated and intelligent and we encourage them to create their own career opportunities. But we also recognise that everyone can benefit from support at this critical time.
We provide a range of career services from weekly workshops and career coaching to CV support and advice, working in partnership with participants to help them achieve their career goals.
WBS has close links with organisations all over the world. Wherever possible we encourage employers to visit us, but we also offer the opportunity to advertise vacancies on our online career management service ‘WBS Careers’, enabling our graduates to obtain their next career role from a wide range of sources.
W wbscareers.com
On campus recruitment
10%
Consultancy Project
10%
WBS online job board
10%
Executive Recruiter: 10%
Networking: 27%
External advertising: 16%
Previous employer: 7%
Direct approach to employer: 10%
Careers Service: 30%
13
All participants on the Warwick MBA are required to undertake a consultancy project during the summer months (June – September). The majority of these are problem solving projects with the participant based in a sponsoring organisation from industry, commerce, or the public sector.
Previous project sponsors have been so impressed that they have gone on to offer participants a full-time position within their organisation.
Consultancy projects
AccentureAvivaAfrinvest (West Africa) LtdBarclays PlcBPBritish Antarctic SurveyBritish GasDaimler AGDeloitteDeutsche Post World NetEricsson LtdExperianGE HealthcareGlaxoSmithKlineIntel CorporationHSBCJohnson & JohnsonJ.P. MorganNestléPepsiCoSiemensVolvo
Recent project sponsors include Project location
2007–08 Class
Our participants were based all over the world whilst undertaking their consultancy projects. Some were based as far afield as Dubai, South Africa, Nigeria, and China, whilst others remained closer to home choosing to undertake projects in Europe or the UK, reflecting the international demand for talented professionals with the ability to apply their experience and cutting edge business thinking.
Remuneration
On average participants received £4,100 in fees for their consultancy project. Fees ranged from £375 – £10,000.
Source of project
Data corresponds to 2007–2008 class
Student: 58%
WBS Career Services: 42%
14 | Warwick Business School
AccentureAlghanim IndustriesA.T. KearneyBAABarclaycardBPBritish GasBTCadbury Schweppes PlcCapgeminiCapita ConsultingCisco Systems, Inc.CitiDeloitteDeutsche Post World NetDHLCosta CoffeeE.ONEricsson LtdGE HealthcareGlaxoSmithKline
HitachiIBMJohnson & JohnsonJ.P. MorganKPMGLexisNexis ButterworthsPepsiCoPricewaterhouseCoopersProcter & GamblePrudentialRoland Berger Strategy ConsultantsS&B Industrial Minerals S.A.SABMiller PlcSchlumberger Business ConsultingSt Modwen Properties PlcStandard CharteredSyngentaTech MahindraUBSUnited Bank for AfricaWipro
Organisations that have recently recruited our graduates
We work globally with recruiters across all sectors of industry to ensure our graduates have the widest range of opportunities and employment options. The diverse list of recent recruiters is indicative of the high demand for graduates of the Warwick MBA in the global workplace.
15
The Warwick MBA laid the foundation for my career in investment management. Since completing my studies, I have added the Investment Management Certificate (IMC) to my qualifications and I also intend to sit for the Chartered Financial Analyst (CFA) examinations from December.
Additionally, my work as a Research Analyst is made more rewarding as a direct consequence of the Warwick MBA. Concepts in investments and risk management, corporate finance, and financial analysis are more familiar, and the enhanced networking skills from the programme have proved very useful in dealing with both existing and prospective clients, both here and in my international meetings. I occupy a key role in the company and look forward to progressing further towards a Fixed Income Fund Manager next year.
James Ilori MBA (Warwick)Research AnalystCrown Agents Investment Management Limited
ii | Warwick Business School
Printed on 75% recycled paper, using vegetable-based inks and a biodegradable coating.
Please recycle or pass to a friend.
Photography by George Archer, Derek Cooknell & Paul Pickard.
WBS believes this document is accurate, but accepts no liability for errors or later changes.See our web site for the latest information.
Warwick Business SchoolThe University of WarwickCoventry CV4 7AL UK
The Warwick MBAw warwickmba.comt +44 (0)24 7652 4100e [email protected] +44 (0)24 7657 4400
Personal & Career Developmentw www.wbs.ac.uk/careerst +44 (0)24 7652 4660e [email protected] +44 (0)24 7652 4643
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