Placement Report 2012

Placement Report 2012Four-Year MSc Program1

Placement Report 2012Four-Year MSc ProgramStudents in the four-year MSc program* who finished their studies by March 31, 2012,were sampled for this survey. They are referred to as graduates of 2011because most of them graduated from SSE in 2011. The response rate was 46 percent.The Placement Report is published annually by the SSE Student Services.*Beginning with 2007 admissions, the four-year MSc program was replaced by three-year BSc programs and two-year MSc programs.2

Sofie StrömbergSenior Associate Consultant at Bain &Co in StockholmI’ve always been interested in businessand economics and wanted to be ableto work internationally and I heard SSEwas the best place for it.I had a great time at SSE, mainly becauseof all the great people that studythere. It is great to be around people thatare so energetic and ambitious abouteverything from school to work and ofcourse fun! There are always a lot ofthings to get involved with in the students’association, things that are bothfun and rewarding in terms of experiencesand learning.Another thing about SSE is that it neverfelt competitive as some people think itis, everyone would help each other outwith studying for exams, prepare for jobinterviews etc. and it has continued sincewe all started to work.I think that what really differentiatesSSE from other universities in Sweden,is that we are very exposed to potentialfuture employers from a very early point.SSE has relationships with many topuniversities across the world and I didan exchange semester in Singapore,which was a great experience! I woulddefinitely encourage everyone to go onexchanges, most of my friends went toall kinds of places and all had great experiences.GRADUATE PROFILEGraduates had a median age of 25. Of the graduates respondingto the survey, 42 percent were female and 58 percent male.Of the graduates, 45 percent have studied abroad through anexchange program. The median number of jobs applied for wasthree, and the number of offers (also median) amounted to two.Nineteen percent of the graduates had another education beforeentering the SSE MSc program or pursued a parallel universityeducation during their studies at SSE. The subjects studied werea o Engineering, Law and History. Five percent of the graduatesresponding to this survey earned an additional joint degree inmanagement through SSE’s CEMS affiliation, a global consortiumof business schools in which SSE is the exclusive representativein Sweden.GRADUATE PROFILEAge on graduation (median) 25Women 42%Men 58%Additional university degree pursued during or before theSSE MSc program:(CEMS 5%, Engineering, Law, History)19%Have studied abroad through exchange program 45%Total number of respondents: 733

2011 – SSE GRADUATES KEEPING UP HIRING RATESHiring rates remained high and even showed an increase comparedto last year. Within three months of graduation, 98 percentof the graduates had found jobs and 89 percent had accepteda full-time offer or developed entrepreneurial opportunitiesby the graduation date. Forty-seven percent of the graduates hadaccepted an offer more than six months before graduation, a 10percent higher share compared to last year.By the graduation date, 82 percent of the female graduates and91 percent of the male graduates had found employment.LENGTH OF TIME TO FIND EMPLOYMENTAll Women Men> 6 months before graduation 47% 32% 58%4–6 months before graduation 21% 25% 18%2–3 months before graduation 15% 18% 12%0–1 month before graduation 6% 7% 3%0–1 month after graduation 6% 10% 3%2–3 months after graduation 3% 4% 3%4–6 months after graduation 1% 4% –> 6 months after graduation 1% – 3%100% 100% 100%LENGTH OF TIME TO FIND EMPLOYMENT BY INDUSTRYManagementConsultingFinance/Banking,OtherConsulting,Other> 6 months before graduation 41% 38% 44% 49%4–6 months before graduation 36% 38% 14% –2–3 months before graduation 13% – 14% 17%0–1 month before graduation 5% 12% 14% –0–1 month after graduation 5% – 14% 17%2–3 months after graduation – – – –4–6 months after graduation – 12% – –> 6 months after graduation – – – 17%ConsumerProducts100% 100% 100% 100%No of respondents 22 8 7 64

METHODS OF FINDING EMPLOYMENTCompany presentations on campus, advertisements on theSSE Placement Board and acquaintances were the threemain methods of finding employment. Three other frequentlyused channels were inquiries within companiesand former employment or previous internship. Findingemployment through company presentations on campus,acquaintances and advertisements from other recruitmentcenters or company websites were the most frequentlyused channels by female graduates, while company presentationson campus, advertisements on the SSE PlacementBoard, acquaintances and former employment weremost frequently used by male graduates. This year, malegraduates tended to accept offers from former employersmore frequently, while advertisements from other recruitmentcenters or company websites were more popularamong female graduates.METHODS OF FINDING EMPLOYMENTCompany presentationsAd on SSE Placement BoardAcquaintancesFormer employmentInquiry with companyAd of another recruitment center or company websitePrevious internshipStarted their own businesInquiry by companyOwn business w/ Business LabOther0 5 10 15 20WomenMen%5

POPULAR INDUSTRIESManagement Consulting is the most popular industry amongSSE graduates. It has doubled its share compared to last yearand is equally popular among men and women. Finance/Banking Other, Consulting Other and Consumer Products arethree industries also attracting a high share of SSE graduates.Finance/Banking Other is generally preferred by the male graduatesand Consumer Products and Consulting Other by femalegraduates. Investment Banking was less popular this year comparedto last, attracting only six percent of the SSE graduatescompared to 13 percent last year.PLACEMENT BY INDUSTRYAll Women MenManagement Consulting 31% 31% 31%Finance/Banking, Other 11% 7% 13%Consulting, Other 10% 10% 7%Consumer Products 9% 10% 7%Investment Banking 6% 4% 7%PR/Information/Market Comm./Advertising6% 7% 5%Public Services/Organizations 5% 4% 5%Accounting/Audit 3% 7% –Computer/InformationTechnology3% – 5%Construction/Real Estate 3% – 5%Food 3% 4% 3%Insurance 3% 4% 3%Manufacturing 3% 4% 3%Education/Teaching 1% 4% –Media/Culture 1% 4% –Telecommunication 1% – 3%Other 1% – 3%100% 100% 100%Number of respondents 67 28 39PLACEMENT IN SWEDEN AND ABROADGRADUATES EMPLOYED:Sweden AbroadManagement Consulting 40% –Consulting Other 9% 15%Consumer Products 9% 8%Finance/Banking Other 7% 24%Investment Banking 7% –Accounting/Audit 4% –Computer/Information Technology 4% –Construction/Real Estate 4% –Food 4% –Manufacturing 4% –PR/Information/Market Comm./Advertising 4% 15%Education/Teaching 1% –Public Services/Organizations 1% 15%Telecommunication 1% –Insurance – 15%Media/Culture – 8%Other 1% –100% 100%Number of respondents 56 136

LARGE COMPANIES MOST POPULARLarge companies (with more than 10,000 employees) continueto attract SSE graduates, though this year a higher share of thegraduates also chose companies with fewer employees. Of thegraduates, 21 percent chose to start their career in a companywith 1,000–10,000 employees, and 28% chose companies withmore than 10,000 employees. Female graduates tend to chooselarger companies more often than male graduates do.Working in the most popular industries is quite demanding. ForConsumer Products however, the median amount of hours perweek has decreased.SIZE OF COMPANYNumber of Employees All Women Men1–2 3% – 5%3–10 8% 4% 10%11–50 18% 18% 18%51–250 16% 11% 21%share of majors within different industries%10090251–1,000 6% 7% 5%1,001–10,000 21% 28% 15%>10,000 28% 32% 26%100% 100% 100%80706050403020100Management ConsultingFinance/Banking, otherConsulting, otherConsumer ProductsManagementMarketingAccounting andFinancial ManagementFinanceEconomicsNUMBER OF WORKING HOURS PER WEEKMedianManagement Consulting 56Finance/Banking Other 53Consulting Other 48Consumer Products 487

LOCATION OF PLACEMENTInterest in starting a career abroad has increased greatly amongfemale graduates. Twenty-nine percent of the female graduatesaccepted an offer abroad (mainly in Europe), compared to lastyear’s figure of 17 percent. Among the male graduates, the shareof those going abroad was only 10 percent.totalEurope 18%USA 1%female graduatesEurope 25%USA 4%male graduatesEurope 10%Sweden 81%Sweden 71%Sweden 90%Max OdeenI work as an Associate at a strategy consultingfirm called Arkwright situated inStockholm.SSE gave me a solid theoretical foundationand the student association gaveme the confidence to think that anythingis possible which together makes avery powerful combination. In my dailyjob as a strategy consultant I face challengingand constantly varying tasks –everything from client interactions withtop management to highly quantitativeanalysis and I can honestly say that I feelwell prepared after my time at SSE.SSE has a very active student associationthat really helps strengthening the bondsbetween the students; I can only describeit as a melting pot of interesting people,inspiring projects and crazy parties. It isdefinitely one of the most memorableand fun experiences I have had in myentire life.I had the fantastic opportunity to go onan exchange semester to the NationalUniversity of Singapore (NUS) in Singapore.Another positive thing about SSEis the close relations to the business worldthrough courses, projects in the studentassociation and our engaged alumnicommunity. SSE Alumni come from allover the world and work in many differentindustries so if you want help or advice,there’s always someone to ask.8

Salaries by industryThe median monthly basic salary remained inthe range SEK 30,000–34,000. ManagementConsulting continued to be the highest payer,with a median range of SEK 34,000–38,000,representing a drop of SEK 4,000 from lastyear. Finance/Banking Other has a medianrange of SEK 30,000–34,000, which is in linewith last year’s figures. The median salary levelabroad is SEK 38,000–42,000, an increase ofone interval compared to last year. The medianrange in Sweden was SEK 30,000–34,000, alsothis SEK 4,000 more than last year.Salaries by industryMonthly Base SalaryAllManagementConsultingGraduates employed in:Finance/BankingOtherConsultingOtherConsumerProducts< 18 KSEK 4% – – – –18–22 KSEK – – – – –22–26 KSEK 12% 4% 14% –- 33%26–30 KSEK 20% 9% 29% 14% 50%30–34 KSEK 16% 23% 14% 44% –34–38 KSEK 16% 14% 14% 14% –38–42 KSEK 3% - 29% – –42–46 KSEK 10% 14% – 14% –46–50 KSEK 15% 36% – – –50–54 KSEK 3% – – – 17%54–58 KSEK – – – – –>58 KSEK 1% – – 14% –100% 100% 100% 100% 100%Number of respondents 69 22 7 7 6SALARIES IN SWEDEN AND ABROADGraduates employed:Monthly Base Salary Sweden Abroad< 18 KSEK 5% –18–22 KSEK – –22–26 KSEK 15% –26–30 KSEK 21% 15%30–34 KSEK 16% 15%34–38 KSEK 16% 15%38–42 KSEK – 15%42–46 KSEK 11% 8%46–50 KSEK 16% 8%50–54 KSEK – 15%54–58 KSEK – –> 58 KSEK – 8%100% 100%Number of respondents 56 139

KEY REASONS FOR CHOOSING EMPLOYMENTKEY REASONS FOR CHOOSING EMPLOYMENTWhen asked to state the key reason for their choice of employment,male graduates cited type of work/responsibility and professional/personaldevelopment as the most important reasons,with career possibilities a little less important. Female graduatesalso cited these three reasons as key, though their answers weremore differentiated, making each share smaller. Female graduatesalso mentioned company culture/values and company image/reputationas reasons for choosing a job. It is interesting tonote that also this year neither male nor female graduates stateda high salary as the most important motivation for accepting anoffer.Type of work/responsibilityProfessional/personal developm.Career possibilitiesCompany culture/valuesLack of options/alternativesCompany image/reputationLocationOther0 5 10 15 20 25 30 35WomenMen%Significance of major subject for employmentThe significance of the major subject for employment continuesto decrease among male graduates, but remains on the samelevel as last year among female graduates. Of the females graduatingin 2011, 57 percent cited their major subject as very significantor significant for their employment. The correspondingfigure for male graduates was 49 percent.Significance of major subject for employmentAll Women MenVery Significant 12% 21% 5%Significant 40% 36% 44%Less Significant 48% 43% 51%100% 100% 100%10

OCCUPATION IN RELATION TO EDUCATIONMost graduates (71%) found their occupation corresponded wellto their level of education. However, 15 percent think that theirposition requires fewer qualifications.Nearly three-quarters of the graduates (74%) had an internshipduring their studies. Eighty-six percent claim that the internshiphad an impact on getting the job.Of the graduates, 36 percent have used SSE Career Servicesin some way. SSE Career Services offers skills courses, onlinelibraries (Vault, Wet Feet etc.) and guidelines for resumes andjob applications. Of these, the guidelines for resumes and jobapplications were most appreciated.2011 SSE graduates from the four-year MSc program are generallysatisfied or very satisfied with the program. Some of the factorsgraduates appreciated most included great teachers, otherstudents, active student associations and great job opportunities.Jonas WikfeldtI work as a Financial Risk Analyst at AB Svensk Exportkredit(SEK) in Stockholm.OCCUPATION IN RELATION TO EDUCATIONBESIDE EDUCATION 4%ABOVE EDUCATIONAL LEVEL 10%BELOW EDUCATIONAL LEVEL 15%CORRESPONDS TO EDUCATION 71%I chose SSE because it is a top business school with goodconnections to many interesting companies. Studying atSSE was a fun and challenging period of my life. I thinkwhat truly elevates the experience at SSE is the nice andhighly talented students. It doesn’t matter if you are participatingin class or in student association projects youare always surrounded by motivated people who helps andsupports each other.My most memorable experience at SSE was through thestudent association project Exchange Japan where wetraveled to Tokyo and lived with Japanese students andmet major Swedish companies with operations in Japan.I finished my studies in 2008 (soon after the Lehmancrash) which was not the easiest of times for anyone tofind a job. SSE’s reputation and the network I built upduring my studies were then very valuable assets in thehard competition. As a Risk Analyst now I still have greatuse in my everyday work for the Finance and Derivativescourses I took at SSE.11

Stockholm School of EconomicsStockholm School of Economics (SSE) is one of the top business schools in Europe. SSE offers Bachelor,Master and MBA programs along with highly regarded PhD programs and Executive Education. SSE hasearned a reputation for excellence, both here in Sweden and around the world and has schools in Sweden,Latvia and Russia.The School is accredited by EQUIS (European Quality Improvement System) certifying that all of itsmain activities – teaching as well as research – are of the highest international standards. SSE is also theSwedish member institution of CEMS (The Global Alliance in Management Education) and PIM (Partnershipin International Management).SSE offers three Bachelor programs:• Bachelor of Science in Business & Economics (first two years in Swedish)• Bachelor of Science in Retail Management (first two years in Swedish)• Bachelor of Science in Economics & Business, at SSE Riga (in English)SSE offers four Master programs (all in English):• Master of Science in Business & Management• Master of Science in Economics• Master of Science in Finance & Accounting• Master of Science in General Management (for students with bachelor’s degreesin subjects other than Business or Economics)The MSc Program in Business & Economics and its specializations, reported on in this placement report, correspondsto the three current programs in Business & Management, Economics and Finance & Accounting.SSE is also offering PhD programs, Executive Education and has campuses in Stockholm, Norrtälje, Riga and St Petersburg.The Stockholm School of Economics • Sveavägen 65 • Box 6501 • SE-113 83 StockholmPhone: +46 8 736 90 00 • info@hhs.se • www.hhs.se