master in
finance
CAREERS REPORT 2013
1. FACTS AND TRENDS
MASTER IN FINANCE: 2013 CAREERS REPORT
Although our Master in Finance students graduated during
challenging economic times, they managed to secure
positions in the finance industry on a global level, as reflected
in this 2013 Careers Report.
This is the result of our students being well equipped with
the necessary skills and know-how to successfully carry
out finance roles with maximum effectiveness, efficiency
and professionalism, as well as the ability to apply finance
functions to create corporate and social value.
The Master in Finance’s unique program characteristics,
such as a design that limits time away from the workplace
while providing a well rounded approach to the financial
world, and a focus on niche areas such as Islamic Finance or
Microfinance, have resulted in more than 92% of our students
finding employment within 3 months of graduation. Out of
this percentage, a substantial number of students accepted
jobs in Financial Services (80%), Consulting (10%) and other
industries (10%).
These excellent figures are achieved as we go beyond academic
excellence to include global networking, appealing final exam
options and the use of an eminently practical approach,
combined with an innovative learning methodology.
With regards to regions, the Master in Finance graduates are
based mostly in Europe (71%), with the rest being distributed
between Asia (13%), the Middle East (8%) and North America
(8%). This year we have also seen an increase in international
mobility to 31%
These recent graduates joined the community of more than
46,000 IE alumni who are based in more than 100 countries,
both in public and private sectors and all types of industries,
with the aim of creating value for their communities.
These outstanding employment figures were also achieved
as we are closely aligned to professional practice, given that
more than 90% of our world-class faculty are practitioners
working in top finance positions.
master in
finance
Master in Finance • Graduating Class of 2013
2. PROFILE OF GRADUATES
Average GMAT
669
GMAT
78%
Top GMAT
750
GRE
5%
31% GMAT takers
≥700
INDUSTRY CERTIFICATES
16%
3
41%
8.7%
Average
languages spoken
Studied undergraduate
degrees outside of their
home country
Entrepreneurs
2.8
Number of
schools applied to
2.1 Class Profile
57
29
AVG. AGE:
22
6
Students (Class Size)
Different Nationalities
21
22
23
24
years old
AVG. WORK EXP.
months
GEOGRAPHIC DISTRIBUTION
Europe 44%
North America 9%
Spain 12%
Africa 3%
Middle East 5%
Asia Pacific 19%
Latin America 7%
Countries Represented
Argentina, Australia, Azerbaijan, Belgium, Belarus, Bolivia, Bulgaria, Cameroon, Canada, Colombia, France, Germany, Hungary, India,
Italy, Kuwait, Lebanon, Netherlands, Pakistan, Portugal, Slovakia, South Korea, Spain, Switzerland, Ukraine, United Kingdom, USA,
Venezuela, Zimbabwe.
2.2 Academic Backgroun
9% Others
37% Business Administration
14% Social Sciences
2% Natural
Sciences
38% Finance
& Banking,
Economics,
Accounting
Undergraduate degree(s) from:
Ludwig-Maximilians-Universitaet Munich, EBS Germany, Sophia University Tokyo, Universidad Torcuato Di Tella, American University
in Dubai, Solvay Business School, HEC Montreal, Universitat de Barcelona, Universitat de Valencia, Universidad Carlos III, Universidad
de Navarra, HEC Lausanne-Unil, Leopold-Franzens Universität Innsbruck, American University of Kuwait, American University of
Beirut, Lahore University of Management Sciences, NOVA SBE, University of Florida, University of Sydney, Azerbaijan State Economic
University, Universidad de Las Palmas de Gran Canaria, McGill University, London Metropolitan University, Bentley University, Syracuse
University, Università Commerciale Luigi Bocconi, Corvinus University of Budapest, University of Pune, Jai Narain Vyas University,
Webster University, University of Virginia, Kyiv National Economic University, University of Tampa, University of Cape Town, Lebanese
American University, Birla Institute of Technology and Science, Anna University, Boston College, University of Bath, University of
Southern California, University of Michigan, University College London, University of Calgary…
2.3 Professional Background
42% Finance
9% Consulting
18% Industry,
Energy and
Construction
4% High Tech,
E-commerce and IT
7% Recent graduate
20% Others
Finance Sector
Other Sectors
Espírito Santo Bank Axia Investments United Bank Limited
American Chamber of Commerce in Slovakia
Dekabank PensPlan Invest SGR JPMorgan Stanley Standard
KPMG Auditing Polish-Spanish Chamber of
Chartered Bank Vertical Real Estate UniCredit Bank MARG Projects
Commerce Telefonica SA McKinsey & Company
United Bank Limited Pakistan Equity Intelligence India ROMALD
Vodafone Deloitte NATO Headquarters Michael
Global Investments Bank Sparkasse AG Bank of America Merrill
Page International Mercedes-Benz Warner Bros.
Lynch Strategic Real Estate Advisors Citigroup Lebanese Canadian
Entertainment Horwath Mak International
Bank Aksys Capital SAL Sucden Financial Ltd.
Consulting…
3. INTERNATIONAL EMPLOYMENT STATISTICS
CAREERS REPORT - MIF CLASS 2013
Students for whom we have information
SEEKING EMPLOYMENT
Students seeking jobs
Students not seeking jobs*
SITUATION 3 MONTHS AFTER GRADUATION Students working Students not working
SOURCE OF JOB OFFER
IE Career Services
Graduate Facilitated
EMPLOYMENT BY INDUSTRY
Financial Services Consulting
Other industries
%
91
INDUSTRY BREAKDOWN
Asset Management
Investment Banking
Private Equity
Other Financial Services
Consulting
Real Estate
Energy
Consumer Goods
EMPLOYMENT BY REGION
Europe (EU)
Europe (Non EU)
Asia Middle East
North America
%
8
51
10
10
10
3
3
5
INTERNATIONAL MOBILITY
%
31
AVERAGE SALARY IN EUROS
%
96
4
%
92
8
%
45
55
%
80
10
10
%
61
10
13
8
8
45,000
4. RECRUITING
COMPANIES
0-9 3i Group BLC
A
B
C
ABN AMRO
Advantea Global Services
AdviCorp
Al Khaliji Group
AON
APG Asset Management
Arcano
Axon Capital
Banco Central de Reserva del Perú
Banco Santander
Bank of America
Barclays Capital
BBVA
Beta Capital Management
Blackwood Capital Group
BNP Paribas
Boston Consulting Group
Cap Gemini
Cartesio Inversiones
Citibank
Colombia Capital
Commerzbank AG
Credit Suisse
D
Deutsche Bank
Deloitte
Devoteam
E
Emirates Reit
E&Y
F
Financial Conduct Authority
G
General Electric
Golomtbank
Goldman Sachs
Grupo Salinas
GSF Capital
H
Hipoges Asset Management
Houlihan Lokey
HSBC
I
IBM
ICBC Bank
IDFC Capital
iEurope Capital LLC
Intesa Sanpaolo
IKB Deutche Industriebank
Indra
ING
* Companies that have hired students from the Master in Finance programs for the last four intakes
J
K
Jefferies
JP Morgan
KPMG
Keyera Corp.
K.P. Kauffman Company
KB Publikum Invest
Kenmos Technology Co
Q
Quilvest Private Equity
R
Rabobank
Renaissance Capital
Rothschild
S
Samsung Fire & Marine Insurance
Sanitas
Selinca
SK Energy
SK Telecom
Stern Stewart & Co
SunEdison
L
Lepe Partners
LFS Financial Systems
Lloyds TSB
London Stock Exchange
M
Macquarie
McKinsey
Moelis & Company
Moody´s
Morgan Stanley
Morningstar
MSCI
T
Telefonica Europe
The Bank of Tokyo-Mitsubishi UFJ
The Jordan Family Office
Thesan Capital
Trinity Holdings
U
Netvalue Financial Advisors
Nomura
UBS
UOB Asset Management
V
Valores Bancolombia
W
Wallis Investment, Consulting and
Asset Management
William Blair
X
X-Trade brokers DM
N
P
P&G
PAI Partners
Parthenon Group
Perenia Carbon Asset Management
Procter & Gamble
PwC
* Companies that have hired students from the Master in Finance programs for the last four intakes
If you would like to learn more about the program,
our faculty and other IE initiatives:
Please download the Master in Finance brochure at: mif.ie.edu
or contact our international offices: www.ie.edu/offices
IE Business School
Admissions Department
María de Molina 15
T: +34 91 568 96 10
mif.admissions@ie.edu
Career Management Center
Maria de Molina 6, 1st Floor
T: +34 91 568 96 22
recruit@ie.edu
careers.online@ie.edu
www.careers.ie.edu