The document is London Business School's 2012 employment report for graduates of its Masters in Finance program. It provides statistics on employment outcomes, salaries, and employer profiles. The key points are: 1) 81% of the 2012 Masters in Finance class were employed within four months of graduating, with most going into investment banking, investment management, and major corporate organizations. 2) The average base salary was £55,634 or $86,755, with average sign-on and year-end bonuses of £14,836/$23,135 and £24,441/$38,113 respectively. 3) Graduates were employed across 22 cities in 20 countries, with many choosing locations abroad rather than returning to

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Masters in
Finance
Employment
Report 2012
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dynamic pools of financial talent
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2. London Business School MiF Employment Report 2012 2
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Introduction from the Executive Director
Our Masters in Finance
students are passionate about
making an impact in the world
of global finance. It is because
of this that I am proud to see
another strong and diverse
Masters in Finance cohort
graduate from the School and
start the next phase of their
career. It is a tribute to our
world-class faculty, a rigorous
professional development
programme and the wealth of
experience the students bring
that 81% of the class were
employed within four months
of graduating.
Learning in a Masters in Finance
classroom is a collaborative and
multi-cultural experience. With 38
nationalities represented in the
2012 class, the programme
reflects the international diversity
of the financial community.
This diversity together with the
interactive nature of the
programme, ensures students
are exposed to, and build on,
each other’s international
professional experiences.
With 25% and 18% of our students
moving into investment banking
and investment management
respectively, they continue to be
the most popular sectors of choice
for Masters in Finance students.
However, for the second year in
a row we have seen an increase
in major corporate organisations
recruiting our Masters in Finance
students (18% of graduates
compared to 14% in 2011) as
they recognise the need for
finance specialists with global
business knowledge.
With persistent challenges and
shifts in the finance industry, we
reviewed the programme format
and have since introduced a range
of specialist concentrations to
enable our students to customise
their learning to their chosen
sector. We increased the global
focus of the programme and
included an additional option of
a fourth term. The fourth term
gives students the opportunity
to undertake an internship or
international exchange as part of
their programme.
It is great to see that our on-going
commitment to quality is being
recognised; in 2012 the Masters
in Finance programme was
ranked number 1 globally for the
second year in a row, for post-
experience programmes, by the
Financial Times.
We truly value our relationships
with organisations that engage with
and recruit from the School and
therefore I would like to thank you
for your support. I hope you enjoy
reading this report.
Fiona Sandford
Executive Director
Careers and Global Business
London Business School
www.london.edu/recruitourtalent
“Our Masters.
in Finance.
students are.
passionate.
about making an.
impact in the world.
of global finance.”.
Fiona Sandford

3. London Business School MiF Employment Report 2012 3
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Masters in Finance 2012 class profile
Regional background
1 - East Asia 24%
2 - South Asia 17%
3 - Europe (Excluding UK) 16%
4 - Latin America
and Caribbean 12%
5 - UK 7%
6 - Middle East 6%
7 - USA and Canada 6%
8 - South East Asia 5%
9 - Australasia 3%
10 - Africa 2%
11 - Central Asia 2%
Class profile
Number of students 116
Average age 30
Age range 23-37
Average work
experience (years) 6
Range of work
experience (years) 2-13
Nationalities represented 38
GMAT average 700
% Female 24%
Educational experience
Finance / Accounting
/ Economics 40%
Business Management 37%
Engineering / Technology
/ Science / Maths / IT 15%
Social Science / Law
/ Arts / Humanities 8%
Industry sector prior
to programme
1 - Financial institutions 75%
2 - Consulting 14%
3 - Corporate sectors 11%
A.P. Moller-Maersk
Administration of Foreign
Exchange Beijing
Affiniture
Agrawal & Associates
American Airlines
American Express
Banchile Inversiones
Banco de México
Bank Audi
Bank of Japan
Barclays
Booz & Company
Cargill
Cauris Management
Central Bank of Malaysia
CF Partners
China Life Asset Management
Company
China Resources
Citi
Code Advisors
Competence Assurance Solutions
Credit Suisse
CrowdBnk
Debtwire
Embassy of Israel
Forsun Group
GlaxoSmithKline
Goldman Sachs
Grupo Santander
Heraymila Group
ICBC International
Impera Capital
Investec Asset Management
J.P. Morgan
Japan Alternative Investment
Korea Development Bank
Kromann Reumert
KTB Asset Management
Kuwait Investment Authority
La Cloche
London Stock Exchange
Lumenis
McKinsey & Company
Ministry of Finance (Japan)
Monetary Authority of Singapore
Morgan Stanley
Norges Bank Investment
Management
Oakmont Resources
Pamplona Capital Management
PIMCO
Ping An Trust
PRAGMA Gestão de Patrimônio
Probitas Partners
Proparco
RIT Capital Partners
Rothschild
Royal Bank of Scotland
Samsung
SC Lowy
Siemens
Sony Music Entertainment
Standard Chartered
State Street Global Advisors
TBC Bank
The Boston Consulting Group
UBS
Please note
Many more companies
presented on our campus
and / or posted opportunities
for our students.
Masters in Finance recruiters
Companies that hired students
from London Business School’s
Masters in Finance programme
in 2012.
4
5
6
7
8
3
3
2
1
1
11109
2

4. London Business School MiF Employment Report 2012 4
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Masters in Finance 2012 employment profile
Employment rate
Graduates who had accepted offers four
months after graduation*
Accepted an offer with a new employer
Returning to my pre-London Business School employer
Self-employed / starting own business
81
%
54
%
24%
3%
Employer sector
Finance
Investment Banking
/ Brokerage 25%
Investment Management
/ Research 18%
Government and
Supranational 13%
Other Financial Services 8%
Private Equity / Buyouts 6%
Retail and Commercial Banking 3%
Private Wealth Management 3%
Corporate Sectors 18%
Industrials 5%
Hi-Tech / Telecommunications 3%
Consumer Products 3%
Healthcare / Pharmaceutical
/ Biotech 3%
Energy and Utilities 1%
Media / Entertainment 1%
Government and
Supranational: Non-Finance 1%
Law 1%
Consulting 6%
Strategy 5%
Other 1%
76%
Source of opportunity
School community 65%
Career Services (events,
on-campus presentations,
job postings, CV search) 43%
Networking 19%
Alumni 3%
Outside sources 35%
Personal contacts 23%
Executive search 10%
Internet job boards 2%
Primary reason accepting
Nature of work 67%
Promotion prospects 13%
Compensation 8%
Location 6%
Work / life balance 6%
2010 2011 2012
Sector choice on graduation
Finance
Corporate Sectors
Consulting
78%
9%
13%
73%
13%
14%
76%
6%
18%
*Percentage of MiF 2012 class reporting
as seeking employment (response rate
for MiF 2012 class: 93%)

5. London Business School MiF Employment Report 2012 5
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Masters in Finance 2012 salary information
Overall Min Max Mean Median Min Max Mean Median
Base salary £13,308 £87,621 £55,634 £54,376 $20,753 $136,637 $86,755 $84,793
Sign-on bonus £3,000 £32,987 £14,836 £14,799 $4,678 $51,440 $23,135 $23,077
Year-end bonus £3,047 £76,953 £24,441 £15,162 $4,752 $120,000 $38,113 $23,644
Region
Asia Min Max Mean Median Min Max Mean Median
Base salary £30,195 £87,621 £46,693 £41,000 $47,086 $136,637 $72,813 $63,935
Europe (Exc UK) Min Max Mean Median Min Max Mean Median
Base salary £13,308 £79,477 £43,731 £47,927 $20,753 $123,937 $68,194 $74,738
Latin America Min Max Mean Median Min Max Mean Median
Base salary £69,146 £87,573 £80,104 £83,592 $107,825 $136,561 $124,913 $130,354
Middle East Min Max Mean Median Min Max Mean Median
Base salary £26,796 £53,626 £40,702 £41,683 $41,786 $83,624 $63,470 $65,000
United Kingdom Min Max Mean Median Min Max Mean Median
Base salary £30,000 £87,500 £63,289 £70,000 $46,782 $136,447 $98,693 $109,158
**Salary by region data is not shown where sample size was deemed too
small to be statistically viable. Subsequently certain individual salaries that
appear in the overall analysis may be excluded from the region analysis (if
the sample size of the region that the salary represents is considered too
small to report).
Salary information
UK pounds US dollars
US Dollar Conversion 1.559397
Date of exchange: 01 August 2012
“The programme
allowed me to gain
more confidence
and rise to the
challenge in a very
difficult market.”
MiF 2012 participant

6. London Business School MiF Employment Report 2012 6
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Masters in Finance 2012 job location information
Masters in Finance 2012 graduates went
to work at organisations in 22 cities in 20
countries around the world.
The graph below shows who returns to work in
their home region (based upon nationality) after
their Masters in Finance, and who works abroad.
Region changes Job location
Asia
Europe (Exc UK)
Latin America
Middle East
UK
USA / Canada
Home AbroadRegion
77% 23%
38% 62%
67% 33%
60% 40%
67% 33%
100%
42%United Kingdom
12%Europe
7%Latin America
30%Asia
2%Africa
5%Middle East
2%USA / Canada
22 cities
20 countries

7. London Business School MiF Employment Report 2012 7
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The London Business School programme portfolio
Masters in Management
MBA
Masters in Finance
Executive MBA
EMBA-Global Americas and Europe
EMBA-Global Asia
Sloan Masters in Leadership and Strategy
Alumni
Recent Early Mid Senior
graduate career career manager
Experience table
Find out more
Recruit world-class talent from
London Business School
Telephone: +44 (0)20 7000 7400
Email: careerservices@london.edu
Masters Programmes
Telephone: +44 (0)20 7000 7500
Email: masters@london.edu
Executive Education
Telephone: +44 (0)20 7000 7390
Email: execinfo@london.edu
Masters in Management
12 months / full-time / London
For recent graduates with
less than one year of full-time
postgraduate corporate work
experience or with less than
two years in a non-traditional
business role.
MBA
15–21 months /
full-time / London
For individuals who are looking
to make a vertical shift in their
career path, change industry
or job function, or develop an
entrepreneurial toolkit.
Masters in Finance
10–16 or 22 months / full-time
and weekend / London
For individuals wishing to
advance their career or change
their area within finance.
Executive MBA
20 months / study while
working full-time / London
or Dubai
Designed for those who want
to accelerate their career into
general management or move
beyond their technical or
functional specialism.
EMBA-Global
Americas and Europe
20 months / study while
working full-time / London
and New York
For dynamic, mid-career
managers and professionals
who are highly ambitious
and have, or aspire to have,
transnational responsibilities.
EMBA-Global Asia
20 months / study while
working full-time / Hong Kong
For dynamic, globally-focused
executives and managers
wishing to deepen their
understanding of western and
eastern business practices.
Sloan Masters in
Leadership and Strategy
12 months / full-time / London
Designed to prepare
experienced senior managers
for their next career challenge.
Alumni
Available for recruitment
all year round / Global
Based in over 120 countries
worldwide our alumni
community consists of over
35,000 globally-focused
professionals.
All admissions decisions are taken in accordance
with best equal opportunities practice.
“London Business
School is a huge
brand. It says you
can use finance tools
accurately, precisely
and shows that you
know what you are
talking about.”
MiF 2013 participant
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