LBS MBA Class of 2024 Employment Report: Global Demand

London Business School (LBS) has released its MBA Class of 2024 employment report. With all 502 members of the graduating class reporting their employment outcomes, we have a complete picture of how in-demand the LBS MBA graduates are globally. Within three months of graduation, 87 percent had received an offer of employment, and 86 percent had accepted an offer. Twenty-two graduates reported starting a new business or other self-employment. 

“What sets London Business School apart is our unwavering commitment to every student’s career journey. With a 100% reporting rate, we prioritise the success of every individual, offering lifelong career management skills that go far beyond the first job post-MBA, and set the foundation for long-term career impact,” said Zoe McLoughlin, Executive Director of the Career Centre at LBS in their report. “As our MBA2024 graduates embark on their next chapters — spanning industries, geographies, and entrepreneurial pursuits — we celebrate their achievements and look forward to supporting them as they continue to make their mark on the global stage.”

The mean salary reported by the graduates was $116,465 in U.S. Dollars. This figure increases to $163,883 in international dollars based on the World Bank’s implied PPP rate of exchange, reflecting purchasing power across economies. Of those graduates who accepted an offer, 83 percent received other compensation in their package, including bonuses. 

The degree to which LBS graduates switched industries or relocated for new career opportunities reflects the utility of the MBA program and the capacity to leverage the skills honed. Upon graduation, 52 percent of the LBS Class of 2024 had changed the sector they worked in, 35 percent moved to new locations globally, and 21 percent changed both aspects of their careers. 

Career Placement by Industry

Since 2020, the top sectors for LBS MBA graduates have remained constant. Consulting is the top industry again, with 42 percent of the Class of 2024 choosing it for their career path. Finance hired 26 percent of the class and technology recruited 21 percent–the same percentages as the Class of 2023. The LBS report classifies all other sectors, including industrials, consumer and retail, energy, and healthcare under the label “diversified” and indicates 11 percent of the MBAs accepted offers in these sectors. 

In U.S. Dollars, consulting hires reported a mean base annual salary of $125,064. The mean salary for finance jobs landed at $117,760. LBS grads who headed into tech reported a mean average salary of $102,129. 

Geographic Distribution

Forty-five percent of the LBS MBA Class of 2024 remained in the U.K. The next most popular destination was Africa and the Middle East at a distant 14 percent. Asia followed at 12 percent while another 10 percent landed work in North America. European countries outside of the UK recruited nine percent of the LBS graduates. Eight percent headed to Latin America while just 2 percent moved to Oceania.