Masters in
Financial Analysis
employment report
GRADUATING CLASS OF 2023
Introduction The figures Career Centre LBS programme portfolio
Introduction from the Head of Career Centre
I am delighted to report that 90% of students seeking
employment from our 2023 graduating Masters in Financial 90%
Analysis (MFA) class received an offer within three months of accepted an offer
graduation, with the majority (88%) entering careers in finance within three months
to make their mark in this sector. of graduation
This is a pleasing result given challenging employment markets. Notwithstanding
the difficult environment, our graduates secured opportunities globally, albeit 56%
chose to start their careers in the UK. Indeed, London Business School continues
to enjoy a unique advantage in offering students the opportunity to network 90%
face-to-face with prospective employers and industry specialists across a wide received an offer
range of sectors.
within three months
Whichever location, sector and company our graduates chose, we congratulate of graduation
and wish them well. We equally look forward to following their progress in the
years to come.
98%
reporting rate
Zoe McLoughlin
Executive Director of Career Centre
London Business School
“The LBS Career Centre has been a cornerstone of my professional
development throughout the programme. From insightful recruitment
events to company presentations, every interaction has been
enriching. These opportunities not only provided practical insights
into various industries but also facilitated invaluable networking
connections, equipping me with the tools and confidence to pursue
my career goals ambitiously.”
Andrei Petrescu MFA2023
Investment Associate, Temasek
The three-month employment rate is calculated in compliance with MBA Career Services and Employer Alliance (MBA CSEA) reporting standards.
Students returning to their sponsoring employers are not included in the three-month rate.
London Business School MFA employment report 2023 Introduction from the Head of Career Centre 2
Introduction The figures Career Centre LBS programme portfolio
Class profile Sector destinations Job location Salary information
MFA2023 class profile
198 52 42% 22 702
students nationalities* female average GMAT score
age (years) (average)
Regional background
99%
international
students
34%
46% South East/East Asia
Europe (excl. UK)
7%
1% Central/Western Asia
United Kingdom
3%
North America
5%
Africa/Middle East
2% 1%
Latin America 1%
(incl. Caribbean) South Asia
Oceania
Undergraduate study discipline
Finance/Accounting
34%
Economics
31%
Business/Management
24%
Engineering
5%
Maths/Science
4%
Social sciences
2%
0 10 20 30
* All nationalities are self-declared.
London Business School MFA employment report 2023 Class profile 3
Introduction The figures Career Centre LBS programme portfolio
Class profile Sector destinations Job location Salary information
Sector destinations
2019 2020 2021 2022 2023
Sector breakdown 2023
81 74 78 86 88
FINANCE 88%
● Investment Banking 51%
● Private Equity 17%
● Investment Management 14%
● Real Estate 3%
● Venture Capital 2%
● Central Banks/Ministries/Regulation/Public Finance 1%
NON-FINANCE 12%
● Consulting 8%
18 ● Technology* 1%
16
11
10 ● Diversified** 3%
8
5 5
* Technology includes Fintech and Information Technology & Services.
** Diversified includes Consumer & Retail, Energy and Social Impact.
Hiring employers
Accuracy EigenPhi Notion Capital
Admiralty Harbour Capital Evercore Oxy Capital
Ardian Fidelity Investments Paragon Partners
Ares Management Fremman Capital Pareto Securities
Aspect Capital GL Capital Partners Group
Asset Value Investors Goldman Sachs PIMCO
Astorg Groupe Bruxelles Lambert PJT Partners
Augusta & Co Guosheng Securities Point72
Aurelius Hannam & Partners Privium Fund Management
Bank of America Harris Williams & Co PSP Investments
Bank of China Harvest Fund Management Publica
Barclays HSBC RBC
Baringa Partners IK Partners Reorg
BDA Partners InfraRed Capital Partners Robert W. Baird & Co
BlackRock ING Group Rothschild & Co
BlueOrchard Finance J.P. Morgan Rothschild Five Arrows Private Equity
BNP Paribas Jefferies Shell
Boston Consulting Group Jones Lang LaSalle Signals Venture Capital
bp Keensight Capital SilverMile Capital
Bryan, Garnier & Co Kuaishou Technology Simon-Kucher & Partners
ByteDance Kx Advisors SSE plc
Carnegie Investment Bank LaSalle Investment Management Sustainable and Green Finance Institute
CDI Global Lazard Temasek
Centerview Partners LGT Capital Partners The Carlyle Group
Chenavari Investment Managers Macquarie Asset Management TorchPartners
China Renaissance Marks Baughan TowerBrook Capital Management
CICC Marlborough Partners UAB Hanner
Circularity Capital McKinsey & Company UBS
Citi Mediobanca UniAdvise
Clipway Mihoyo Technology Vicente & Partners
Connect Ventures Mirastar Visa
Copper Run Moelis & Company Waha Capital
CPI Morgan Stanley Waterland Private Equity
Cygnus Capital Natixis Wells Fargo
Deutsche Bank Nevastar Finance World Economic Forum
Edmond de Rothschild Nomura
London Business School MFA employment report 2023 Sector destinations 4
Introduction The figures Career Centre LBS programme portfolio
Class profile Sector destinations Job location Salary information
Job location
21%
Europe (excl. UK)
56% 20%
Asia
United Kingdom
1%
North America
2%
Africa
MFA2023 graduates went to work at organisations in 18 locations around the world:
● Azerbaijan ● Germany ● Singapore
● Belgium ● Hong Kong SAR ● Spain
● Canada ● Lithuania ● Switzerland
● China Mainland ● Luxembourg ● United Arab Emirates
● Denmark ● Norway ● United Kingdom
● France ● Portugal ● United States (USA)
“In addition to the robust academic curriculum and elective offering
that have fortified my professional acumen, the LBS network played
a crucial role in deepening my understanding of the finance industry
and the recruitment process. The generous guidance from my peers and
alumni has not only provided insights into various sectors but has also
broadened my interests, thereby enriching my professional journey.”
Jelena Vlainic MFA2023
Investment Team Intern, Cinven
London Business School MFA employment report 2023 Job location 5
Introduction The figures Career Centre LBS programme portfolio
Class profile Sector destinations Job location Salary information
Salary information by industry
UK Pounds US Dollars* International Dollars**
Industry Min Max Mean Min Max Mean Min Max Mean
OVERALL £8,485 £110,167 £53,588 $10,753 $135,656 $65,789 $18,155 $229,029 $86,275
Other compensation £1,000 £75,000 £18,008 $1,216 $95,332 $22,279 $1,449 $113,529 $28,434
FINANCE £8,485 £110,167 £53,827 $10,753 $135,656 $65,996 $18,155 $229,029 $86,836
Other compensation £1,000 £75,000 £21,005 $1,216 $95,332 $25,839 $1,449 $113,529 $32,857
NON-FINANCE £11,276 £88,162 £49,713 $14,118 $105,121 $61,602 $32,416 $165,295 $75,738
Other compensation £1,128 £16,500 £21,518 £1,412 £20,973 £9,196 £3,242 £24,976 £11,529
Salary information by location
UK Pounds US Dollars* International Dollars**
Location *** Min Max Mean Min Max Mean Min Max Mean
Overall £8,485 £110,167 £53,588 $10,753 $135,656 $65,789 $18,155 $229,029 $86,275
Other compensation £1,000 £75,000 £18,008 $1,216 $95,332 $22,279 $1,449 $113,529 $28,434
Africa £62,491 £82,680 £69,502 $77,594 $101,288 $86,635 $126,628 $165,295 $141,383
Other compensation*** - - - - - - - - -
Asia £8,485 £110,167 £59,532 $10,753 $135,656 $72,347 $18,155 $229,029 $122,213
Other compensation £1,128 £52,853 £17,702 $1,412 $66,462 $21,876 $3,242 $112,209 $37,019
Europe £14,975 £102,713 £48,463 $18,087 $124,973 $59,385 $24,502 $126,734 $71,839
Other compensation £3,180 £24,562 £11,700 $3,984 $29,885 $14,134 $5,397 $37,836 $16,406
UK £18,000 £85,000 £52,885 $22,235 $103,829 $65,143 $26,479 $123,649 $77,578
Other compensation £1,000 £75,000 £21,278 $1,216 $95,332 $26,477 $1,449 $113,529 $31,531
58%
of students who accepted
an offer received other
compensation/bonuses
* Conversion rates as per date of offer.
** Purchasing power parity (PPP) included due to the high number of students who have salaries in non-US dollar
currencies. The World Bank’s implied PPP rate of exchange was used to equalise the purchasing power across economies.
*** Insufficient data points to report salary data for North America and Africa (Other compensation).
Other compensation includes sign-on and end-of-year bonus, where we have sufficient data. Salary data does not include
sponsored or self-employed students, in accordance with MBA CSEA guidelines.
London Business School MFA employment report 2023 Salary information 6
Introduction The figures Career Centre LBS programme portfolio
About the Career Centre
We want our students to develop skills, behaviours
and strategies to manage their careers proactively. 76%
of MFA students engaged
Our Career Centre experts support students as they
shape their career goals. with the Career Centre
Our comprehensive career support involves:
● Career coaching and advising. Coaches help you define a direction and
maintain focus on your goals. Our sector advisors provide sector-specific
●
advice to deepen your own research and share market trends.
Career learning. A blended digital and in-person curriculum to move
180+
workshops offered during
students’ career skills to the next level, to affect career progression. 2022–2023 academic year
● Career opportunities. Access to a wide range of career and networking
opportunities, including over 200 employer events annually.
“The MFA has been instrumental in giving
3,660+
employers partnered
me the confidence that I needed to excel in with by LBS
interviews and to ultimately receive a job
offer in London. The programme taught me
relevant hard and soft skills that I utilise
daily and gave me exposure into how to
work effectively in an international team
setting and environment.”
2,600+
job opportunities for
Reuben Schreiber MFA2023 Graduate Masters
Investment Banking Analyst, Marks Baughan students advertised
through LBS in 2022–23
Specialist coaches and career advisors
The Career Centre comprises 45 permanent staff, most of whom have real-world coaching and
commercial experience to help students achieve their career goals. Team members include:
Kira Hughes Osman Haneff Daniel Lay
Head of Graduate Institute of Head of Consulting
Masters Careers Entrepreneurship Careers
and Private Capital
David Morris Richard Bland Alyona Segline
Head of Technology Head of Finance Head of Diversified
and Media Careers Careers Careers
London Business School MFA employment report 2023 Career Centre 7
Introduction The figures Career Centre LBS programme portfolio
Our programmes
London Business
London Business School
School can
can boost yourboost your
capabilities capabilities
and andstage
potential at every potential at every stage of your career.
of your career.
Years of experience 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20+
Graduate Masters
Masters in Management
Global Masters in Management
Masters in Analytics and Management
Masters in Financial Analysis
MBA/MiF
MBA
One-year MBA*
Masters in Finance (Full-time)
Masters in Finance (Part-time)
Leadership (Senior)
Executive MBA
EMBA-Global
LBS Sloan Masters
Executive Education
Range of work experience in class Key target range of work experience Average class work experience
* Available to those who have graduated three or more years ago with a Masters in Management or equivalent
approved by EQUIS and/or AACSB or from the University of London.
Graduate Masters Mid Career Leadership (Senior)
Masters in Management MBA Executive MBA
12–16 MONTHS | FULL-TIME | LONDON 15–21 MONTHS | FULL-TIME | LONDON 20 MONTHS | PART-TIME | LONDON OR DUBAI
For recent graduates with up to two For individuals who are looking to Designed for those who want to
years of full-time postgraduate work make a vertical shift in their career accelerate their career into general
experience who want to kick-start a path, change industry or job function, management or move beyond their
career in business. or develop an entrepreneurial toolkit. technical or functional specialism.
Global Masters in Management One-year MBA EMBA-Global
24 MONTHS | FULL-TIME | LONDON AND 11 MONTHS | FULL-TIME | LONDON 20 MONTHS | PART-TIME | LONDON AND
SHANGHAI NEW YORK
For professionals with a masters in
For recent graduates with up to two management looking to further their careers For dynamic, mid-career managers
years of full-time postgraduate work and take their entrepreneurial ideas further. and professionals who are highly
experience. Strong interest in Asia ambitious and have, or aspire to
and knowledge of Mandarin highly Masters in Finance (Full-time) have, transnational responsibilities.
recommended, but not mandatory. 10–16 MONTHS | FULL-TIME | LONDON
For experienced financial professionals LBS Sloan Masters in Leadership
Masters in Analytics and wishing to advance their career or and Strategy
Management change their area within finance. 12 MONTHS | FULL-TIME | LONDON
12–16 MONTHS | FULL-TIME | LONDON
Designed to prepare experienced
For recent graduates with up to two Masters in Finance (Part-time) senior managers for their next
years of postgraduate work experience, 22 MONTHS | PART-TIME | LONDON career challenge.
who are targeting a career in business For experienced financial professionals
and data analytics. looking to further their career while
Masters in Financial Analysis
still working. Find out more
12–16 MONTHS | FULL-TIME | LONDON
Masters Programmes
For recent graduates with up to two
+44 (0)20 7000 7500
years of full-time postgraduate work
[email protected] experience who are looking to embark
on a career in finance.
Executive Education
+44 (0)20 7000 7390
[email protected] All admissions decisions are taken in accordance with best equal opportunities practice.
London Business School MFA employment report 2023 Programme portfolio 8
London Business School
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Tel: +44 (0)20 7000 7000
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