MBA

Employment Report 2020

Young Professionals

MBA Employment Report 2020 1

Contents

4 Welcome to the IESE Career

Development Center

5 IESE’s Global Recruiting Presence

6 Working With Us

8 MBA Class of 2020

10 MBA Internships

14 Employment Report: MBA 2020

20 Companies Recruiting IESE Talent

22 Salary Details

26 Meet Our Team

28 Why IESE Business School?

30 Personal Transformation

2 IESE Business School

MBA Employment Report 2020 3
Welcome to the IESE
Career Development Center
The 2019-2020 academic year unfolded It’s always been our belief that crisis
amid growing challenges in the global comes with opportunities. Our talented
economic landscape caused by the community of students and alumni is what
COVID-19 pandemic. The climate of companies need to make a profound and
uncertainty that pervaded much of the positive impact on our society, and we will
world — coupled with the slow pace of continue to work hard to make this happen.
recovery — impacted the job market for
MBAs.

At the same time, talented individuals

from every corner of the globe came
to IESE with unique characteristics and
diverse backgrounds. They completed
the IESE MBA program, working together
with their peers on myriad business cases
and assignments, building the necessary
“In the
skills for tomorrow’s business leaders,
influenced by the pillars of the mission Career Development Center,
of the school of professional excellence, we partner with companies to
integrity and spirit of service. We strongly
create a collaborative hiring
believe that they are in a unique position
to have a deep, positive and lasting process, and we guide students
impact on people, companies and society. to drive their career forward.”

We empower students and alumni to

discover their career goals, to help them Patrik Wallén
develop core competencies and to build Director
professional networks. We continuously
Career Development Center
support their career journey within
the MBA program via both general IESE
career preparation and sectorial and
geographical career counselling.

4 IESE Business School

IESE’s Global
Recruiting Presence
Throughout the program, the Career Development Center spares
no effort to match our students of high quality and diversity with
companies and organizations all over the world.

Geographical Origin Full-time Job Placements

24% 24% 17% 15% 14% 3% 2% 1% 26% 22% 20% 20% 7% 5%

Latin Asia Spain Europe North Middle East Sub-Saharan Oceania Europe Latin Asia Spain Middle East North
America Pacific (excl. America & Africa Africa (excl. America Pacific & Africa America
Spain) Spain)
Includes sponsored students going back to their previous employer.

Recruitment Events Worldwide

Amsterdam
Amsterdam Trek
Germany
Cross industry Trek
FinTech Trek
Ireland Startup Trek
Tech Trek Switzerland
USA France Responsible Business Trek
2nd Year Modules Spain Retail Career Fair Healthcare Trek
Private Equity Trek LATAM Career Fair
Consulting Trek
Renewable Energies Trek Dubai China
Healthcare Trek Barcelona China Trek
Consulting Trek
Energy Start-ups Trek 2nd Year Modules
Startup Trek
LATAM Career Fair
Virtual IESE Startup Career Fair
IESE Fall Career Forum Kenya Singapore
IESE Winter Career Forum 2nd Year Modules Asia Career Summit
Retail & Luxury MBA Career Forum

Brazil
2nd Year Modules
London Treks
Consumer Goods Trek
Fintech Trek
Finance Trek
Private Equity Trek
Consulting Trek
Energy Trek
Tech Trek
Retail & Luxury Trek
Sports, Entertainment and Media Club Trek

For more information, please visit: mba.iese.edu

MBA Employment Report 2020 5

Working
With Us
We strive to match a broad range of
recruitment needs with the diverse career
aspirations of our competent students.

We empower our students to excel as

leaders in any role, sector or geographical
region by building a global mindset and
commitment to responsible business.

We create a multitude of channels

to recruit at IESE, facilitating the
communication between the recruiters
and the candidates of our talent pool.

6 IESE Business School

 KEY ACCOUNT CAREER
MANAGEMENT FORUMS

All companies are assigned a specialized The IESE Fall and Winter Career Forums
industry and regional-focused account provide an excellent opportunity for
manager to make sure every company companies to connect directly with
has someone with whom they can our students through presentations,
discuss their specific recruitment needs. networking opportunities, coffee chats
and interviews.
Tailored advice for recruiting the best
talent for their organization. Forums can be industry-oriented and/
or geographically specific in order for
companies to target the right candidates.

ONLINE AND STUDENT

ON-CAMPUS ACTIVITIES
RECRUITMENT
Information sessions and interviews CDC-mentored, student-run professional
coordinated through the Career clubs that group students together by
Development Center. sectorial or functional interests help
students interact with companies and
Our online job board is a one-stop shop prepare for interview processes.
for talent ranging from junior profiles
with little experience and mid-range Student-led treks and company
managers with 5-6 years of experience presentations connect our talent to
via our MiM and MBA programs, to companies around the globe.
senior executives and board members
via our Alumni.

CONFERENCES CASE
COMPETITIONS

Doing Good Doing Well: Annual event Competitions led by CDC and/or Clubs
focusing on sustainable business. enable recruiters to engage with and
evaluate candidates.
Woman in Business: Student-led
sessions on female empowerment in the IESE Capstone project matches students
workplace. with companies in a short-term consulting
project, mentored by professors.
Sector-Specific Conferences.

For more information and events dates, please visit: www.iese.edu/recruit

MBA Employment Report 2020 7

MBA Class
of 2020
Ready to Lead

356
Students

26%
Female

55
Nationalities

31
Average age at
graduation
8 IESE Business School
Previous Experience Average Work Experience

67% 5.8
years

Corporate Sector

7% 36% 53% 4%
2-3 years 3-5 years 5-10 years 10+ years

20%
Undergraduate and Postgraduate Education

Financial Services 33%

Engineering

27%
Business and Administration

15%
Economics

13% 10%
Science

10%
Humanities & Arts

Consulting 5%
Law & Political Science

Nationalities

14% 24% 2% 17% 15% 3% 24% 1%

North Latin Sub-Saharan Spain Europe Middle East & Asia Pacific Oceania
America America Africa (excl. North Africa
Spain)

MBA Employment Report 2020 9

MBA
Internships
We believe hands-on experience is the best way to learn. Therefore, during
the program, all the students are required to participate in an internship or
short-term project in the real world, within a broad array of functions,
sectors and geographical regions.

IESE truly exceeded all of my professional

and personal expectations. With the
support of the Career Development Center
and the brilliant , diverse and supportive
peers that made up my class, not only did I
achieve my dream of interning in East
Africa, but also I successfully navigated
recruiting processes. The IESE community
helped me accomplish my goals and
understand my potential.

Daniela Bocco
Pre MBA Internship Post-MBA
Digital Marketing Strategist Growth Strategy & Marketing Algorithmic Sales Product Manager
MONICA SORDO JEWELRY APOLLO AGRICULTURE AB INBEV
United States Kenya Mexico

10 IESE Business School

Type Scope Example of work scope

Structured Corporate Internships Structured processes that many times Developed and presented a
can lead to full-time offers in typical MBA valuation of a telecom provider for the
industries (Investment Banking, allocated industry team at an investment
Consulting, MBA Rotational Programs) bank

Performed a consulting project

on cost transformation for a grocery

Created the first hub capabilities

assessment, by devising an organizational
design framework, employee surveys and
interviewing hub’s leadership team, and
proposed an Agile Scrum architecture to
accelerate on identified capabilities gaps

Prepared financial proposals, coordinating

local teams and participating in
negotiations with third parties

Short-Term Projects Gain new sectorial or functional experience Designed and implemented marketing &
by doing a project in a small or large sales team organization, KPIs, sales pitch
company deck and marketing activities

Created a data triage and regression

analysis between NBA data and Men’s NCAA
basketball data to try to create an algorithm
that predicts future college player potential
in the NBA

IESE Summer Entrepreneurship Pursue a start-up idea together with a Applying thorough customer discovery
Experience team of peers, gain exposure to investors, techniques and creative business models,
and receive mentoring from other tested the market for a compact household
entrepreneurs appliance with the potential for massive
environmental benefits in Europe and
abroad

MBA Employment Report 2020 11

Internships by Sector, Class 2021

22%
Finance

19%
Consulting

16%
Technology

14%
Healthcare

11%
Other

10%
Energy & Manufacturing

8%
Consumer Goods & Retail

Selected Recruiting Companies

AB INBEV L.E.K
ADMIRAL LOTUS PARTNERS
AMAZON MASTERCARD
ARTHUR D. LITTLE MCKINSEY & COMPANY
BAIN & COMPANY MICHELIN
BANK OF AMERICA MICROSOFT
CBRE MORGAN STANLEY
CEVOTEC NIKE
CITIGROUP NOVARTIS
CREDIT SUISSE PEPSICO
DSM RAKUTEN
ELI LILLY ROLAND BERGER
GOLDMAN SACHS SHV ENERGY
GSK STRATEGY&
IMPERIAL BRANDS TATA
INFOSYS THE BOSTON CONSULTING GROUP
ITAU UNICEF
JOHNSON & JOHNSON WERFEN
KEARNEY ZS ASSOCIATES
KING.COM

12 IESE Business School

MBA Employment Report 2020 13
Employment
Report: MBA 2020
The IESE MBA represents a unique opportunity for talented individuals to
pursue their career dreams.

My IESE experience was truly beyond my

expectations. I received valuable
training to improve my business acumen
and interview skills which have helped
me to realize my career transformation.
More importantly, with the support from
33%
the community, I learned from failures,
developed a more mature self and built
up confidence for any future challenge. Triple jump:
Some students come to IESE to change their
industry, function, and geography – in the Career
Development Center, we call this “triple jump”.

Respectively, the class 2020 see the following

career changes:

• Industry: 81%
• Function: 74%
• Geography: 45%

33%
Mingyi Wang

Pre MBA Post MBA

Supply Chain Planner Strategic planning manager Sponsored visas:
JOHNSON&JOHNSON ALIBABA GROUP At IESE, many students target markets that they do
China China not have the passport (or authorization) to work in.
Ultimately, many successfully navigate this issue to
employment.

Both exclude sponsored students going back to their previous employer.

14 IESE Business School

Post-MBA Employment Sectors

33% 22% 17% 28%

Consulting Financial Services Technology Industry

Full-time Employment by Function

41%
Consulting

11%
16%
Marketing/Sales

15%
Management

14%
Finance
MBA
6% Leadership Programs
Other

4%
Information Technology

3%
Operations/Logistics

1%
Human Resources

Full-time Employment by Region

5% 22% 20% 26% 7% 20%

North America Latin America Spain Europe Middle East Asia
(excl. & Africa Pacific
Spain)
All include sponsored students going back to their previous employer.

MBA Employment Report 2020 15

Consulting The Career Development Center
was pivotal in securing a
consulting internship. As a
IESE is a target school for the world’s top non-traditional background
consulting firms. International recruiters student, I made the famous
come to campus to seek out talented “triple jump” (switching sector,
graduates for internships and full-time geography and function) and it
employment opportunities. was only possible through the
IESE MBA: receiving invaluable
The consulting sector remains the most popular destination mentorship and support from
for IESE MBAs, attracting some 33% of the Class of 2020.
Of these, around 80% were career changers without prior
CDC, Consulting Club, and
experience in consultancy. classmates.
Consulting roles require knowledge of local languages and
markets, so fewer students relocate geographically to accept
these roles. That said, 2020 saw a wide geographical spread
of placements, encompassing 19 countries over 5 continents.

Selected Recruiters

ACCENTURE STRATEGY
BAIN & COMPANY
DHL CONSULTING
KEARNEY
MCKINSEY & COMPANY
MONITOR DELOITTE Rene Hyun
ROLAND BERGER
STRATEGY& Pre MBA Post MBA
THE BOSTON CONSULTING GROUP Defense Consultant Consultant
ZS ASSOCIATES ROYAL AUSTRALIAN NAVY KEARNEY
Australia United Arab Emirates

Regions

23% 23% 21% 18% 14% 1%

Latin America Europe Spain Asia Pacific Middle East & Africa North America
(excl. Spain)

Includes sponsored students going back to their previous employer.

16 IESE Business School

Financial Coming from a non-traditional
background, I enrolled in the

Services IESE MBA with the hopes of doing

the notorious triple jump –
geography, function and
IESE continues to be at the top of industry. I can confidently attest
mind of leading financial institutions to the fact that career services
for summer internships and full-time and the Finance Club take all
roles recruitment. IESE students have credit for my successful
excelled in these processes due to transition into investment
their strong backgrounds and to the banking. Having closely worked
acquired technical skills and sectorial with the CDC, I have witnessed
career preparation offered through first-hand how the entire team
the program. Around 22% of the Class goes the extra mile, making all
2020 opted to pursue a career in the difference.
finance after their MBA, with many
more targeting financial roles inside big
corporations across different sectors.
While many students succeeded at obtaining a full-time role
in Investment Banking, others preferred to pursue a career
in Wealth Management, Private Equity and Venture Capital.
Finally, the booming Fintech sector attracted many students
mainly for business development and product management
roles. Of the students going into financial services, around
48% made a geographical switch, with 20% of all offers in
Brazil and 17% in UK.

Selected Recruiters Rohit Gokul

BANK OF AMERICA INTERNATIONAL FINANCE

Pre MBA Post MBA
BANCO SANTANDER CORPORTATION
Co-founder/ Director Associate
CITIGROUP ITAU-UNIBANCO
SOLAR SHIELD EMIRATES CITIGROUP
CREDIT SUISSE JP MORGAN
United Arab Emirates United Kingdom
GOLDMAN SACHS MORGAN STANLEY
MASTERCARD

Regions

37% 31% 13% 11% 7%

Latin America Europe Asia Pacific Spain North America

(excl. Spain)

Includes sponsored students going back to their previous employer.

MBA Employment Report 2020 17

Technology Thanks to IESE I have achieved
the career change I was
targeting. What’s more, the
Digital disruption continues to MBA experience has given me
dominate the playing field, yielding new the skills and the network I
opportunities for MBA graduates. need to be successful.

This year saw 17% of students opting for careers with technology
companies. From big tech companies to small startups,
MBA students are finding the challenges they seek, helping
companies disrupt markets and grow their business.

Selected Recruiters

ALIBABA
AMAZON
DIDI CHUXING
DELIVEROO
INFOSYS
RAKUTEN Dirk Gómez Depoorter
SALESFORCE
SAMSUNG GLOBAL STRATEGY GROUP Pre MBA Post MBA
UBER Project Manager Senior Program Manager
VTEX ZODIAC AEROSPACE AMAZON
Germany Spain

Regions

33% 21% 19% 17% 10%

Asia Pacific Spain Europe Latin America North America

(excl. Spain)

Includes sponsored students going back to their previous employer.

18 IESE Business School

Industry All along my MBA journey, IESE kept
on exceeding my expectations.
The school’s exceptional reputation
Industry recruitment is a diverse allowed me to gain access to the most
option for IESE students, with prestigious companies in the world.
Consumer Goods (8%) and The outstanding quality of the IESE
Healthcare (8%) leading the way. MBA program as well as the
unparalleled strength of the school’s
25% of industry roles come in the form of MBA Leadership alumni network and Career with
Development Programs. Aside from this, industry recruitment
represents a very broad spectrum of roles and functions, as the tools and knowledge to compete
full-time, direct-to-hire positions are becoming an increasingly with the best and brightest.
interesting opportunity for students.

Selected Recruiters

AB INBEV
AIRBUS
ELI LILLY
GLAXOSMITHKLINE
GRUPO BIMBO
HENKEL Yanis Boubenider
JOHNSON & JOHNSON
MARS Pre MBA Post MBA
NOVARTIS Manager Internal Auditor Finance Excellence Program
SIEMENS LIBERTY GLOBAL SIEMENS
United Kingdom Germany

Regions

28% 24% 21% 12% 11% 4%

Europe Spain Asia Pacific Latin America Middle East & North America
(excl. Spain) Africa

Includes sponsored students going back to their previous employer.

MBA Employment Report 2020 19

Companies Recruiting
IESE Talent
Companies with accepted summer internship or full-time offers in 2019–2020.
* Companies with an on-campus presence

# CARLO * FLUITEC
2POINT2 CAPITAL CARSOL FRUIT FOODS FOR TOMORROW
CARTS GURU FORMENTOR CAPITAL
A CBRE FORTIVE
AB INBEV * CDC GROUP FOSTER CARE TRAINING COMPANY
A THOUSAND COLIBRIS * CEVOTEC FOSUN
ACCENTURE STRATEGY * CHANEL FRIZAIR
ACROBATOR VENTURES CHARITY MILES FUSE CAPITAL
ACTIS CHEIL WORLDWIDE
ADMIRAL GROUP * CIGNA G
CITIGROUP * GALACTA *
AGEAS PORTUGAL GROUP
CLIKALIA GALAPAGOS HEALTH *
AGODA
COBBLE GENEXA
AIRBUS *
CORPORACION BRECA GERRESHEIMER
ALFA CORPORATIVO *
CORTINA GLAXOSMITHKLINE *
ALIBABA GROUP *
CREDICORP * GLOBAL CLOUD GROUP
ALVAREZ & MARSAL
CREDIT SUISSE * GLOBAL SOCIAL IMPACT
AMAZON *
CREDITAS GLOBIS
AMCOR
DBS GOLDMAN SACHS
AMERICAN EXPRESS *
GOOGLE *
ANTAI VENTURE BUILDER
ARBOLUS *
D GRUP AMETLLER ORIGEN
DHL CONSULTING * GRUPO BIMBO *
AREX *
DIDI CHUXING GRUPO LAEVO
AREZZO & CO
DIMANDO GRWNXT
ARIMA REAL ESTATE
DOC HQ
ARTHUR D. LITTLE
AT&T
DOMINO CONTENT H
DR OETKER HAPPY UNIVERSE
ATREYU AFRICAN IMPACT FUND
DSM HENKEL *
AVALARA
HITACHI VENTURES
AYO
E HONEXT
B EARLYBIRD VENTURE CAPITAL
B.BRAUN EAST BALI CASHEWS I
BAIN & COMPANY * EASYNVEST I2I
BANCO SANTANDER EIT HEALTH IBSERVICES
BANK OF AMERICA * ELEMENTAL HEALTH IDILIA FOODS
BEAMLY ELEPHANT HEALTHCARE IGPI
BEETECH ELI LILLY * IMDEA MATERIALS INSTITUTE
BEEZY * ENCE ENERGIA Y CELULOSA IMPERIAL BRANDS *
BEMATE ENDEAVOUR UNITED INBRAIN NEUROELECTRONICS
BEN OLDMAN PARTNERS ENDURANCE INVESTMENTS INDEFI
BITKUB ONLINE ENGINEEA REMOTE TECHNOLOGIES INFOSEL
BLAND GROUP ERA ARCHITECTS INFOSYS TECHNOLOGIES *
BLINK CV ESCO ASTER INTERNATIONAL FINANCE CORPORATION *
BLU ESSAR OIL IQVIA *
BNC10 ESSILOR ISDIN
BNEXT EXPORT AMIGO CONSULTING ITAU-UNIBANCO *
BRIDGE FOR BILLIONS EXTRUDED CEREAL PRODUCTS
BRITS ENERGY EY PARTHENON *
BTG PACTUAL
J
F JOHNSON & JOHNSON *
C FALABELLA JP MORGAN
CAMELIA BEAUTY FIRST LUCKY HOLDINGS CORPORATION
CAMPER * FLASH PACK
CAPABALL LEARNING FLOMICS

20 IESE Business School

K ORINOCO INMOBILIARIA STABLETON
KANTOX * OUTOTEC STANNEMAN
KATOO APP * OUTVISE STRATEGY& *
KEARNEY * STX GROUP
KIGALI FARMS P SUMMIT VENTURE PARTNERS *
KING.COM * P&G VENTURES SUZANO PAPEL E CELULOSE *
KNIGHT FRANK PAACK SWINCAR
KYANEO * PARTNERS GROUP
PAYFLOW T
L PAYJOY TAIGA *
L.E.K. CONSULTING * PAYONEER TATA GROUP
L.I.F.E. CORPORATION PEBBLE ANALYTICS TBM PARTNERS
LAURA JOUVE PEPSICO * TEKKON HOLDINGS COMPANY
LECIONAS PFIZER THE BLAND GROUP
LESCHACO PIMCO * THE BOSTON CONSULTING GROUP *
LOGWARD PIVOT ANALYSIS THE ESSENTIALS
LOTUS PARTNERS PLAYBRUSH THE INSTITUTE OF PHOTONIC SCIENCES
POMELO FASHION THERMO FISHER SCIENTIFIC
M POOBER GROUP THOKOMAN FOODS *
MAERSK MANAGEMENT CONSULTING * PORTOBELLO CAPITAL TILE
MANGALIS MANAGEMENT GROUP PROPPOS TOKYO CENTURY CORPORATION
MANGO TRADEBE
MARCO Q
MARS QROMA U
MASTERCARD * UBER *
MATRIX CONSULTING
R UNICEF
RAINBIRD UNICREDIT
MCKINSEY & COMPANY *
RAISIN UNNAX *
MEDIA NET PARTNERS
RAKUTEN *
MEDISONO
MERCADO LIVRE
REBEL MEAT V
RECKITT BENCKISER * VERSE
MERTZ ENERGY
RED ELECTRICA VINID
MICHELIN
REMY ROBOTICS VIP.COM
MICROSOFT*
RESTB.AI * VIRTUAL BODYWORKS *
MINSAIT *
RISO KAGAKU CORPORATION VIRTUS PARTNERS
MOBILE PREMIER LEAGUE
ROCHE * VISA
MONITOR DELOITTE *
ROEMMERS SAICF VOCTRO LABS
MORGAN STANLEY *
ROLAND BERGER * VTEX *
MORIARTY EVENTS
ROLCO BIANIL
MP ENGINEERING
ROOM TO READ W
N ROOTS FOR SUSTAINABILITY WERFEN GROUP *
NAE CONSULTING ROYAL BANK OF CANADA WHALESHARK
NAVOZYME * WMCF
NBT S WORLD DUTY FREE GROUP
NEPAL OVERSEAS SALESFORCE
NETFLIX SAMSUNG FIRE AND INSURANCE X
NEUTROON SAMSUNG GLOBAL STRATEGY GROUP * XREE
NEVENTA CAPITAL SAPHETOR
NEW CROP CAPITAL SHIP2B Y
SHOP YOUR FIT YILI GROUP
NEW TECH CAPITAL
SHOPEE YIN JEWLRY
NIKE *
SHUUK YONGMUN-PFV
NINA CAPITAL
NO SUCH VENTURES SHV ENERGY
NOMURA RESEARCH INSTITUTE SI CAPITAL Z
SIARQ ADVANCED SOLAR DESIGN ZS ASSOCIATES *
NOS COMUNICAÇÕES
SIEMENS * ZYTA CAPITAL
NOUS GROUP
NOVAMEAT SIGRUN PARTNERS *
NOVARTIS * SILEX
SIMON-KUCHER & PARTNERS
O SKIM AI TECHNOLOGIES *
ODILO SOLARCENTURY
OLAM * SOLARISBANK *
OLIVER WYMAN SOLARMENTE
OMBU INVESTMENTS SOLER CURICO
OPEN VALUE FOUNDATION SOURCE CODE CAPITAL

MBA Employment Report 2020 21

Salary Details
By Region (€)

REGION
AVERAGE OF AVERAGE
MIN OF ANNUAL MAX OF ANNUAL MIN OF OTHER MAX OF OTHER
ANNUAL BASE OF OTHER
BASE SALARY BASE SALARY COMPENSATION COMPENSATION
SALARY COMPENSATION

Asia Paciffic €86.106 € 21.947 € 132.319 € 46.229 € 5.266 € 218.326

Europe (excl. Spain) € 97.172 €42.204 € 143.718 € 56.454 € 1.600 € 152.310

Latin America € 70.140 € 38.414 € 109.887 € 68.742 € 5.910 € 157.964

Middle East & Africa € 116.297 € 31.011 € 143.891 € 76.694 € 25.244 € 139.703

North America € 111.295 € 69.930 € 152.990 € 42.516 € 3.496 € 112.193

Spain € 72.377 €26.000 € 146.315 € 33.736 € 7.500 € 70.000

By Sectors (€)

SECTOR
AVERAGE OF AVERAGE
MIN OF ANNUAL MAX OF ANNUAL MIN OF OTHER MAX OF OTHER
ANNUAL BASE OF OTHER
BASE SALARY BASE SALARY COMPENSATION COMPENSATION
SALARY COMPENSATION

Consulting € 93,294 € 21,947 € 152,990 € 64,220 € 8,683 € 218,326

Finance € 85,167 € 45,000 € 132,319 € 66,740 € 3,496 € 157,964

Industry € 81,327 € 31,011 € 146,315 € 38,675 € 1,600 € 145,960

Technology € 78,484 € 26,000 € 120,538 € 37,287 € 5,266 € 112,193

By Function (€)

FUNCTIONAL
AVERAGE OF AVERAGE
AREA MIN OF ANNUAL MAX OF ANNUAL MIN OF OTHER MAX OF OTHER
ANNUAL BASE OF OTHER
BASE SALARY BASE SALARY COMPENSATION COMPENSATION
SALARY COMPENSATION

Consulting € 91.027 € 21.947 € 152.990 € 62.827 € 8.683 € 218.326

Finance /Accounting € 93.591 € 39.497 € 132.319 € 65.099 € 6.583 € 152.310

Humar Resources € 92.632 € 60.000 € 115.902 € 77.770 € 43.347 € 112.193

Information Techonology € 76.046 € 47.559 € 99.239 € 31.108 € 5.266 € 62.024

Management € 86.895 € 31.011 € 146.315 € 33.225 € 3.496 € 93.178

Marketing/Sales € 73.932 € 26.000 € 115.716 € 47.227 € 6.000 € 157.964

Operations/logistics € 69.858 € 38.414 € 134.446 € 22.562 € 5.563 € 52.556

Other € 65.809 € 42.204 € 102.692 € 50.038 € 1.600 € 103.388

Notes:
Salary data exclude sponsored students returning to their employer and students Other compensation includes variable pay, sign-on bonus, tuition reimbursement
who are starting their own business. and relocation allowance.
All salaries shown are annual figures as reported by the class of 2020. Values are reported only wherever 3 or more data points are available.
All salaries shown exclude any type of corporate benefits (healthcare, pensions,
transport allowances, return flights, etc.).

22 IESE Business School

MBA Employment Report 2020 23
Salary Details
Consulting (€)

REGION
AVERAGE OF AVERAGE
MIN OF ANNUAL MAX OF ANNUAL MIN OF OTHER MAX OF OTHER
ANNUAL BASE OF OTHER
BASE SALARY BASE SALARY COMPENSATION COMPENSATION
SALARY COMPENSATION

Financial Services (€)

REGION
AVERAGE OF AVERAGE
MIN OF ANNUAL MAX OF ANNUAL MIN OF OTHER MAX OF OTHER
ANNUAL BASE OF OTHER
BASE SALARY BASE SALARY COMPENSATION COMPENSATION
SALARY COMPENSATION

Technology
Technology(€)
(€)

REGION
AVERAGE OF AVERAGE
MIN OF ANNUAL MAX OF ANNUAL MIN OF OTHER MAX OF OTHER
ANNUAL BASE OF OTHER
BASE SALARY BASE SALARY COMPENSATION COMPENSATION
SALARY COMPENSATION

24 IESE Business School

Industry
Industry (€)
(€)

REGION
AVERAGE OF AVERAGE
MIN OF ANNUAL MAX OF ANNUAL MIN OF OTHER MAX OF OTHER
ANNUAL BASE OF OTHER
BASE SALARY BASE SALARY COMPENSATION COMPENSATION
SALARY COMPENSATION

MBA Employment Report 2020 25

Meet Our Team
In order to provide expert strategic advice on
employment branding and recruitment, IESE’s Career
Development Center is organized by main recruitment
industries and regions.

Director Contact us

Patrik Wallén Department

pwallen@iese.edu cdc@iese.edu

Employer Engagement, Sectorial & Regional Advice

Consulting Consumer Goods & Retail Executive Search Firms APAC

Noel Quiaoit Maria Eugenia Pascual Bettina Semmel Camille Chow
nquiaoit@iese.edu mepascualg@iese.edu bsemmel@iese.edu cchow@iese.edu

Michael Mascarenhas Tomofumi Nishida

mmascarenhas@iese.edu tnishida@iese.edu

Financial Services Healthcare & Chemicals Latin America Luis Go

Marcela Giron Ziad Moubarak Melissa Afonso luisgo@iese.edu
mgiron@iese.edu zmoubarak@iese.edu mafonso@iese.edu

Tech Heavy Industry, Energy & Services North America India, Middle East & Africa
Roger Soto Rafael Herrmann Michael Mascarenhas Ziad Moubarak
rsoto@iese.edu rherrmann@iese.edu mmascarenhas@iese.edu zmoubarak@iese.edu

General Career Counselling & Preparation

MBA Alumni Project Management & Business Development

Sandra Vegas María Angeles Losa Ping Xu
svegas@iese.edu alosa@iese.edu pxu@iese.edu

Karen Fitzpatrick
kfitzpatrick@iese.edu

Master in Management Executive MBAs

Carlos Amela Vicki Lambiri
camela@iese.edu vlambiri@iese.edu

26 IESE Business School

MBA Employment Report 2020 27
Why IESE
Business School?
You aim high. You aspire to lead. You want
to make a difference. But you believe
in leadership based on professional
excellence, integrity and spirit of service.
Welcome to IESE Business School.

At IESE, the business school of the University of Navarra, we are

committed to developing business leaders who strive to make a
deep, positive and lasting impact on the people, companies and
societies they serve.

Since 1958, more than 50,000 executives from all over the
world have experienced our integrative, people-centered and
socially responsible approach to decision-making in business and
organizations.

Our programs are transformative journeys towards personal and

professional growth. Our professors, your advisors and partners, are
active at the highest levels of business and academia. You will feel
challenged by their rigorous research and state-of-the-art teaching
methodologies.

We are truly global. Our unique reach goes beyond our five
international campuses and more than 50 academic alliances
with top universities. In our classrooms you will find the brightest
talent from over 130 nations. And you will enter our community of
thousands of alumni, friends and partner companies present on
every continent, in every industry and at every stage of life.

We stand on the solid pillars of Christian humanism. We believe in

the rights and dignity of every person. We believe in the individual
as a force for change. We believe in good will, in giving your best,
in helping society through your work. We strive to develop effective
managers, responsible leaders and better people.

We are IESE Business School.

A way to learn. A mark to make. A world to change.

28 IESE Business School

MBA Employment Report 2020 29
Personal
transformation
Do you want to grow as a leader? Get ready for change. Our programs will
open your eyes to new ways of understanding people, companies and
contexts. Choose the path that best fits your personal and professional
situation. At IESE we’ll make sure you reach your full potential.

YOUNG
PROFESSIONALS No professional experience required
Make a strong entrance into the job market, with a
broad vision of management tools and access to the Madrid
world’s top employers looking for fresh talent.
11 months / Full-time / On campus

English

MBA* 4+ years of professional experience

Change the course of your career with new
management skills that prepare you make strategic Barcelona
decisions in any industry and market. A unique
15 or 19 months / Full-time / On campus
experience during which you will learn alongside
students from all over the world. English

FUNCTIONAL EXECUTIVE MBA* 5+ years of professional experience

MANAGERS Branch out beyond your area of professional
expertise and acquire the leadership, decision- Barcelona, Madrid, Munich or São Paulo
making and entrepreneurial skills you need to
18 months / Part-time / On campus
take on new responsibilities.
English, Spanish

5+ years of managerial experience

Deepen your managerial competencies to drive
your career forward. Benefit from an international Munich
scope across the sectors and exposure to new
5 months / Part-time / On campus
ideas, processes and trends.
English

PROGRAMA DE DESARROLLO 5+ years of managerial experience

Push your career toward senior management, Barcelona, Madrid or other cities
consolidating your existing knowledge and 6 months / Part-time / On campus
forging new paths, without neglecting your 8 months / Part-time / Blended
current professional obligations. Spanish

PROGRAM FOR MANAGEMENT 8+ years of managerial experience

Alongside other high-level managers, fast track Barcelona or São Paulo

your way to senior management through a broader 6 months / Part-time / Blended
understanding of business, without neglecting (On campus & Online)
your existing professional obligations. English

For more information on our programs visit: www.iese.edu/programs

 SENIOR GLOBAL EXECUTIVE MBA*
EXECUTIVES 15+ years of managerial experience
Together with senior executives from around the
Barcelona, New York, Shanghai &
world, open the door to global leadership and Silicon Valley
deepen your understanding of best business 16 months / Part-time / Blended
practices in a classroom that spans continents. (On campus & Online)
English

2+ years of general management

experience
Make the leap towards new levels of leadership, in
the company of CEOs and executives who have over Barcelona, Madrid or other cities
two years’ experience in general management
6 months / Part-time / On campus
positions.
Spanish

C-SUITE PROGRAMA DE ALTA DIRECCIÓN DE 15+ years of senior management

experience
Outline the strategies that ensure the long-term Barcelona, Madrid or other cities
future of your company and get to know the best
6 months / Part-time / On campus
practices in business management alongside top
executives and senior managers. Spanish

ADVANCED MANAGEMENT PROGRAM 15+ years of senior management

experience
Get the competitive edge that you need in order Barcelona
to grow, surrounded by CEOs, managing directors,
7 months / Part-time / On campus
members of the board and entrepreneurs with
over 15 years of general management experience. English

GLOBAL CEO 20+ years of senior management

Three of the world’s best business schools (CEIBS, experience
IESE and Wharton) come together across three Philadelphia, Barcelona & Shanghai

7 months / Part-time / On campus

for the most senior executives.
English

GLOBAL CEO AFRICA 20+ years of senior management

Broaden your strategic vision of doing business experience
in Africa with a three-pronged program for the Lagos, Nairobi & New York
most senior executives that unites IESE,
4 months / Part-time / On campus
Strathmore and Lagos Business School.
English

Functional Managers / Senior Executives / C-Suite Companies

FOCUSED PROGRAMS CUSTOM PROGRAMS

Explore specific topics in-depth, in a short period of time. Focused Programs Tailor-made learning to meet the specific needs of
will dive deep into the most critical challenges you’re facing, and will help your team. Professors work directly alongside you
you to develop the leadership skills you need to overcome them. to design a program that fits with the current needs
of your company and its goals for the future.

7+ years of professional experience

Barcelona, Madrid and Munich

2 days – 8 weeks (depending on the format)

On campus, blended, live online and online

English, Spanish 100% customizable

www.iese.edu
Barcelona
Madrid
Munich
New York
São Paulo

32 A Way to Learn . A Mark to Make . A World to Change

IESE Business School .