The 2022 MBA Employment Report from London Business School (LBS) demonstrates that international demand for LBS graduates remains strong.
“The last year has been one of the toughest on record for business school graduates and we are proud that, despite these challenges, our students shone across the board, wrote Christian Dummett, the executive director of the LBS Career Centre, in the school’s report. “Demand for our talent continues to transcend borders, sectors and markets. Our 2022 class – made up of 65 nationalities – secured roles in 40 locations around the world, with 63% of the class choosing to start their post-programme careers in the UK.”
Within three months of graduation, 94% of the class had received an offer of employment, and 91% had accepted one. More than five percent—28 MBA graduates—started their own business or became self-employed after receiving their degrees. The mean salary for the class in US dollars is $124,822.
LBS MBA Class of 2022 Industry Choice & Placement
The consulting industry is historically the number one sector for LBS graduates, and this year 37% of the MBA graduates started consulting careers. McKinsey & Co. hired 54 LBS grads, BCG took in 32 and Bain & Co. hired 29. Technology jobs increased three percent compared to last year’s class to 29% for the Class of 2022. Regarding tech, Amazon was the most popular firm, taking in 25 LBS graduates. Twenty-seven percent pursued roles in financial services, of which 8% joined investment banking. Two percent or less took on roles in consumer goods and retail, healthcare, energy and other fields.
| Consulting | 37% |
| Technology | 29% |
| Financial Services | 27% |
| Consumer and Retail | 2% |
LBS is a decidedly international institution, with 89% of the class coming from outside the UK. After graduation, 63% remained in the UK to begin their post-MBA careers. The next most significant portion of the class, 11%, went to Asia, and 7% to Europe as well as North America. Six percent settled in MENA and five percent headed to Latin America. The highest mean salary was reported in North America at $167,260.
| UK | 63% |
| Asia | 11% |
| Europe (excl. UK) | 7% |
| North America | 7% |
| Africa & Middle East | 6% |
| Latin America | 5% |
The school provided data on students who used their time in the MBA program to change careers: 55% moved to a new location upon graduation, and 58% switched their sector. Roughly a third of the class, 34%, changed both their location and job sector when they graduated.
