MBA

Employment Report 2021

Young Professionals

MBA Employment Report 2021 1

Contents

4
Welcome to the IESE Career
Development Center

6 How to Recruit IESE Talent

9 Class Profile MBA 2021

10 Employment Report

16 MBA Internships

18 Companies Recruiting IESE Talent

20 Salary Details

24 Why IESE Business School?

26 Personal Transformation

2 IESE Business School

MBA Employment Report 2021 3
Welcome to the IESE
Career Development Center
The class of 2021 entered into the MBA program prior to the onset
of the global Covid-19 pandemic and graduated into a world and
a job market very different to the one they knew before this. From
supply chain disruptions to frequent regulatory changes to rapidly
emerging new talent trends and shortages, the tasks facing global
businesses are complex. Now more than ever, the world needs
leaders who demonstrate professional excellence, integrity and
embody a spirit of service to successfully navigate through these
challenging times.

The latest class of MBA graduates from IESE Business School is

well prepared to do just that. IESE students come from diverse
backgrounds all across the globe and undergo an impressive
transformation during the program. Hundreds of case study
discussions and assignments, hands on experience gained via
professional internships and capstone consulting projects and
collaborations with leading companies and thought leaders
ensure that IESE graduates emerge from the program as stronger
leaders able to have a deep, positive and lasting impact on
people, companies and society.

The IESE Career Development Center supports students in

their professional journeys both during the MBA program and
beyond. In our General Career Preparation, we help students
identify their professional objectives and provide them with the
foundational skills needed to succeed in an effective job search.
Through our sectorial and geographic guidance and counseling,
we provide personalized support based on their professional
objectives and help them engage with top employers. We serve
as a liaison between IESE talent and world-class organizations
seeking top talent.

The career journey is an integral part of the MBA experience. We

tirelessly work to prepare students and alumni to achieve their
goals, enabling them to be the leaders and have the impact that
the world needs now more than ever before.

“In the Career Development Center,

we partner up with companies to create a
collaborative hiring process and we guide
students to drive their career forward.”

Patrik Wallén
Director
Career Development Center
IESE

4 IESE Business School

MBA Employment Report 2021 5
How to Recruit IESE Talent
In order to provide expert strategic advice on employment
branding and recruitment, IESE’s Career Development Center
is organized by main recruitment industries and regions.

Contact us @
[email protected]

Employer Engagement, Sectorial & Regional Advice

Consulting Tech Executive Search Firms South East Asia & Oceania
Noel Quiaoit Benjamin Borngräber-Berthelsen Bettina Semmel Camille Chow
[email protected] [email protected] [email protected] [email protected]

Edi Navas Jessica Buerger Latin America Japan & South Korea
[email protected] [email protected] Melissa Afonso Tomofumi Nishida
[email protected] [email protected]
Financial Services Consumer Goods & Retail
Marcela Giron Maria Eugenia Pascual North America Greater China
[email protected] [email protected] Karen Fitzpatrick Luis Go
[email protected] [email protected]
Healthcare & Chemicals General Industry & Services
Ziad Moubarak Karinna Rojas India, Middle East & Africa
[email protected] [email protected] Ziad Moubarak
[email protected]

General Career Counselling & Preparation

MBA Alumni & Executive MBAs

Sandra Vegas María Ángeles Losa
[email protected] [email protected]

Karen Fitzpatrick
[email protected]

Master in Management Director

Carlos Amela Patrik Wallén
[email protected] [email protected]

6 IESE Business School

 1 2
Targeted Job
search posting
Access diverse IESE talent to fill your Post your job offers in our system and
talent pipeline needs with an industry receive custom CV Books.
focused account manager.

3 4
On-campus Employer
recruiting branding
Optimize your recruitment Elevate your company image and stand out
process and reduce time to hire. to soon-to-be grads.

5
Career fairs
& events
Raise awareness of your company
and meet potential new employees.

For more information and events dates, please visit: www.iese.edu/recruit

MBA Employment Report 2021 7

8 IESE Business School
Class Profile MBA 2021
Ready to lead Previous experience

364 31% 31 56 46% 30% 25%

Students Female Average age Nationalities
at graduation

Corporate sector Financial services Consulting

Average work experience Undergraduate and postgraduate education

34%
Engineering

24%
Business and Administration

5.4years
20%
Economics

9%
Science

7%
Humanities & Arts

6%
10% 37% 50% 3% Law & Political Science
2-3 years 3-5 years 5-10 years 10+ years

Nationalities

12% 27% 2% 15% 16% 3% 23% 2%

North Latin Sub-Saharan Spain Europe Middle East & Asia-Pacific Oceania
America America Africa (excl. North Africa
Spain)

MBA Employment Report 2021 9

Employment
Report: MBA 2021
The IESE MBA represents a unique opportunity for talented
individuals to pursue their career dreams.

Sectorial information

“I arrived at IESE with a laser focus: to work in a

venture role in foodtech —specifically in alternative
proteins— post MBA. This was a radical shift from my
pre-MBA work and I strongly believe that my two

94%
years at IESE provided me with solid foundations for
this unusual transition. As a committee member of the
Tech Club, I put together and moderated a panel with
foodtech experts where the exposure to investors and
entrepreneurs was a fantastic opportunity to further
my transition.”
Students who found employment within three
months of graduation.

33%
Triple jump:
Some students come to IESE to change their
industry, function and geography – in the Career
Development Center, we call this a “triple jump”.
Alix Chausson
Respectively, the following career changes took
Pre MBA Post MBA place in the Class of 2021
Vendor manager Senior associate
AMAZON EVIG GROUP 72% Function
United Kingdom Germany 62% Geography
61% Industry

Both exclude sponsored students going back to their previous employer.

10 IESE Business School

Post-MBA employment sectors Industry breakdown

Healthcare 10%

34% 25% 17% 24% Consumer goods & retail 7%

Energy & manufacturing 6%

Consulting Finance Technology Industry

Other 1%

Full-time employment by function

38%
Consulting

18%
16%
Finance

15%
Corporate & Management

13%
Marketing & Sales
MBA
8% leadership programs
Information Technology

5%
Other

5%
Operations/Logistics

Full-time employment by region Top recruiters

AB INBEV
AMAZON
BAIN & COMPANY
CITIGROUP
ELI LILLY
ITAU-UNIBANCO
MASTERCARD
MCKINSEY & COMPANY
MORGAN STANLEY
NOVARTIS
PEPSICO
ROLAND BERGER
THE BOSTON CONSULTING
GROUP
ZALANDO
ZS ASSOCIATES

5% 22% 20% 26% 7% 20%

North Latin Spain Europe Middle East Asia-
America America (excl. & Africa Pacific
Spain)
All include sponsored students going back to their previous employer.

MBA Employment Report 2021 11

 “Being able to engage with the Career

Consulting Development Center early on, even before

joining the campus, was critical in helping me
understand the different career options I could
The consulting sector remains the most popular destination pursue post-MBA and that matched my interest.
for IESE MBAs, attracting a third of the Class of 2021 who
are seeking employment – especially those in the quest for
So by the time recruiting season came around, I
strategic exposure in diverse sectors and functions. knew exactly what I wanted and was well
prepared to articulate my relevant strengths and
This year’s full-time recruitment has surpassed that of pre-
COVID numbers. The placements spanned 22 countries, with
experiences to my target recruiters in a
the U.K., Spain, Brazil and UAE at the top. The top recruiters compelling manner.”
are McKinsey & Company, Boston Consulting Group, Bain &
Company, Kearney and Roland Berger.

Anita Sharma

Selected recruiters Pre MBA Post-MBA

Business analytics associate consultant Associate
ZS Associates McKinsey & Company
ACCENTURE STRATEGY MONITOR DELOITTE
India United Kingdom
BAIN & COMPANY ROLAND BERGER
DELTA PARTNERS STRATEGY&
DHL CONSULTING THE BOSTON
KEARNEY CONSULTING GROUP
LEK CONSULTING ZS ASSOCIATES
MCKINSEY & COMPANY

GEOGRAPHY - Consulting FTs

28% 22% 20% 14% 12% 4%

Latin America Europe Spain Middle East Asia-Pacific North America

(excl. Spain) & Africa

Includes sponsored students going back to their previous employer.

12 IESE Business School

 “After gaining exposure to capital markets

Finance transactions in my pre-MBA role, it was clear to

me that my next goal was to break into
Investment Banking. I knew that an MBA at IESE
IESE continues to be one of the few target schools for the would help me complement my accounting skills
leading financial institutions. International investment banks,
alternative investment firms and other financial institutions
with the right academic qualifications and soft
recruit IESE students for summer internships and full-time roles skills. Thanks to IESE´s track record in the
every year. Around 25% of the Class of 2021 opted to pursue industry, I managed to successfully make a triple
a career in finance after their MBA, with many more seeking
corporate finance roles across different sectors.
jump in my career — geography, function, and
industry. The CDC works closely with the Finance
Our students have excelled in these processes due to their Club to support students throughout the process:
strong backgrounds and the acquired technical skills and
sector-based career preparation offered through the program.
from the development of technical skills to
While many of them succeeded in obtaining a full-time role ensuring strong visibility to the right network.”
in investment banking, others preferred to pursue a career in
wealth management, private equity, venture capital and fintech
mainly in the U.K., Spain, Brazil and Germany.

Selected recruiters Cristina Pé rez Herrero

Pre MBA Post MBA

ACTIS INTERNATIONAL FINANCE
Senior associate Investment banking associate
ADMIRAL CORPORATION
PwC Citigroup
BANK OF AMERICA ITAU-UNIBANCO
Rome United Kingdom
CITIGROUP MASTERCARD
CREDIT SUISSE MORGAN STANLEY
PARTNERS GROUP

GEOGRAPHY - Finance FTs

40% 32% 15% 8% 5%

Europe Latin America Spain Asia-Pacific North America

(excl. Spain)

Includes sponsored students going back to their previous employer.

MBA Employment Report 2021 13

 “Coming from a strong engineering/tech

Technology background, I enrolled at the MBA to bridge my

technical proficiencies with strong business
acumen. I was able to identify my North Star at
From artificial intelligence to process automation, the the beginning of the program, helping me focus
technology sector is rapidly transforming how we live and work
my searches and recruiting strategy accordingly.
at an unprecedented pace. To take advantage of this and be
frontrunners in a rapidly evolving industry, technology companies CDC gave me quite a lot of support, as did my
count on IESE’s innovative MBA program to supply them with the peers at the Tech Club and I was exposed to a
creativity thought leaders of tomorrow.
plethora of opportunities across multiple
IESE is continuing to educate the next generation of geographies/firms.”
professionals. Be they product managers, product marketing
managers, or data analysts this is achieved through vigorous
academic material and direct hands-on experience. IESE strives to
be the crossroads between technology, business and education,
allowing its MBA candidates to leverage their technical skills with
a holistic business approach.

This year saw 17% of students opting to pursue careers with

technology companies, with e-Commerce being the main
sub-sector students wished to pursue and more specifically
leadership programs such as Amazon Launch and Pathways. From
small startups to big tech, MBA students are finding their purpose
with the technology companies they are passionate about.

Agnirudra Sikdar

Pre MBA Post MBA

Co-founder Digital procurement specialist
PACKNTAG AMAZON
Italy Spain

Selected recruiters

AMAZON MERCADOLIBRE
APPLE SAMSUNG ELECTRONICS
GLOVO SAP
GOOGLE WAYFAIR
INFOSYS TECHNOLOGIES ZALANDO

GEOGRAPHY - Technology FTs

61% 17% 9% 9% 4%
Europe Spain Asia-Pacific North America Latin America
(excl. Spain)

Includes sponsored students going back to their previous employer.

14 IESE Business School

 “Career growth is all about finding the people

Industry that enable you to get the best value from

yourself. IESE’s family-like culture has
provided this to me on a very profound level,
From consumer goods to pharma to renewable energy, via an exceptional cohort, expert
companies that fall under this broad category are increasing
wholehearted professors and the 1-on-1 career
their MBA recruitment numbers every year. These firms aim
to hire transformative talent with strong leadership skills, as support I needed to find my path. By the end
many of them need to change the way they do business as of the second year, I felt ready to take my skills
the current business landscape rapidly evolves. Industries
anywhere I wanted to go. I have been able to
such as consumer goods (7%) and healthcare (10%) have led
the way in recruitment and consider IESE as an important adapt to the country, industry and function
source of talent. that I wanted.”
Industry recruitment represents a very broad spectrum of
roles and functions. Structured MBA leadership programs
offer an accelerated growth plan for graduates within various
companies. Companies continue to expand their recruitment
for such program as they represent 25% of all industry hires.

Lucas Barreto

Pre MBA Post MBA

Air Atlanta Danaher
Selected recruiters
Material control General manager development
Engineer Program (GMDP) Candidate
AB INBEV JOHNSON & JOHNSON London, United Kingdom United States of America
DANAHER CORPORATION NOVARTIS
ELI LILLY PEPSICO
FALABELLA SIEMENS
GE HEALTHCARE WERFEN GROUP

GEOGRAPHY - Industry FTs

36% 23% 17% 14% 5% 4% 1%

Europe Spain Asia-Pacific Latin America Middle East North America Africa
(excl. Spain)

Includes sponsored students going back to their previous employer.

MBA Employment Report 2021 15

MBA
Internships
At IESE, we believe that hands-on experience is the best way to learn. Therefore, during the
program, all students are required to participate in an internship or complete a short-term project
with an external company, engaging with a broad array of functions, sectors and geographical
regions.

“I chose the IESE MBA knowing that Amazon Internships by sector, Class of 2021
was a large recruiter in tech, which is where I
wanted to grow professionally. With the help 27%
of the Career Center and the Tech Club, I Finance

received all the preparation necessary to 20%

Consulting
succeed in my interviews and landed the role I
hoped for. This year, as part of the Tech 16%
Healthcare
Leadership Team, I hope to continue to work
closely with the CDC and students and give 14%
Technology
back to the IESE community.“
11%
Consumer goods & retail

8%
Other

4%
Energy & manufacturing

Selected recruiting companies

AB INBEV JOHNSON & JOHNSON

AMAZON KEARNEY
BAIN & COMPANY MASTERCARD
BBVA MANGO
CITIGROUP MCKINSEY & COMPANY
CREDIT SUISSE NESTLE
ELI LILLY NOVARTIS
Delfina Blanco EY PEPSICO
GRUPO BOTICARIO ROLAND BERGER
Pre MBA Post-MBA INTERNATIONAL FINANCE THE BOSTON CONSULTING
Mercado Libre Amazon CORPORATION GROUP
Senior product analyst Customer service
Argentina United States of America

16 IESE Business School

Type Scope Example of work scope

Structured corporate internships A structured project that usually serves as The valuation of a telecom provider for the
an evaluation component for a full-time allocated industry team at an investment
recruitment platform. This is typical for bank.
Consulting, Investment Banking and MBA
Leadership Programs. The creation of a capabilities assessment,
by devising an organizational design
framework, surveying employees and
interviewing the leadership team, to
propose an Agile Scrum architecture to
focus on identified capability gaps.

The preparation of financial proposals,

while coordinating with local teams and
participating in negotiations with third
parties.

Short-term projects A short-term consulting project for small Investigating of new market opportunities
or large companies requiring the support with retail and online partners in African and
of MBA talent to help resolve a business Caribbean countries and defined strategic
problem. approach for each potential partner,
scheduling an action plan for the fourth
quarter.

The development of a multichannel action

plan for four oncology drugs, which
involved a digitally focused market and
competitive situation analysis, as well as
identification of business opportunities
aligned to brand or disease area strategy.

A market sizing for an education segment

and a designed marketing plan to target
the segment globally for a newly launched
product.

IESE Summer Entrepreneurship An IESE platform that allows students Via the application of thorough customer
Experience to pursue a startup idea together with a discovery techniques and creative
team of peers, gain exposure to investors, business models, a market evaluation
and receive mentoring from other for a compact household appliance with
entrepreneurs. the potential for massive environmental
benefits in Europe and abroad.

MBA Employment Report 2021 17

Companies Recruiting
IESE Talent
Companies with accepted summer internship or full-time offers in 2020–2021.

# C F
2POINT2 CAPITAL FACEBOOK
CABIFY
FALABELLA
A CARBONBIT
CB INSIGHTS
FANDENG READING
AB INBEV FATE V FUTURE
CDC GROUP
ABACUM FINTONIC
CHEIL WORLDWIDE
ABOITIZ EQUITY VENTURES FLASH COFFEE
CHILE PANEL
ACCION FLAVA HARD SELTZER
CHILTERN CAPITAL
ACTIS LLP. FLEXIDAO
CITIGROUP
ADAPTA CAPITAL FLOMICS
COCACOLA EUROPEAN PARTNERS
ADMIRAL GROUP FLORAQUEEN FLOWERING THE WORLD
COLD CHAIN TECHNOLOGIES
ADVANCECARE FOSUN HIVE
COMETA
ADVENT INTERNATIONAL ADVISORY FRIZAIR
CORNING
AION BANK FRUBANA
CORPORACION BRECA
ALL NIPPON AIRWAYS
ALLIANZ CONSULTING
COSI
CREDICORP CAPITAL
G
ALTA LIFE SCIENCES GALAPAGOS
CREDIT SUISSE
ALTAMAR CAPITAL PARTNERS GE HEALTHCARE
CRHIM
AMAZON GENPACT
AMERICAN EXPRESS GEODIS
APPLE
ARABESQUE
D GESIURIS ASSET MANAGEMENT
GLOBANT
DANAHER CORPORATION
ARBOLUS GLOVO
DAZN
ARCANO PARTNERS GO GREEN & GROW
DE LA CONCA
ARCO EDUCAÇÃO GOJEK
DEEPC
AREX GOOGLE
DELOITTE
AREZZO & CO GRUNDFOS
DELTA PARTNERS
ARTHUR D. LITTLE GRUPO BOTICARIO
DISCOEAT
ASTRAZENECA GRUPO PANTALEON
DKV SEGUROS MEDICOS
ATF GROUP GYRO FUZION ENTERPRISES
DRAPER B1
AZVALOR ASSET MANAGEMENT
DTCP
H
B DUPONT
HEALTH HOUSE INTERNATIONAL
BACE CAPITAL HEURA FOODS
BAIN & COMPANY
BANCO BOLIVARIANO
E I
EASYFEED
BANCO DE CRÉDITO E INVERSIONES IDB LAB
ECOALF
BANCO INTER IDFL
ECOLAB
BANCO SANTANDER CHILE IESE
EDMOND DE ROTSCHILD PE
BANK OF AMERICA IGPI
EFFICIO CONSULTING
BASF IMPERIAL BRANDS
EIT FOOD
BBVA INBRAIN NEUROELECTRONICS
ELI LILLY
BEAM SUNTORY INFOSYS TECHNOLOGIES
ELIPSIS CAPITAL
BEEZY INNOVATION COLLIDER
EPAM
BENCIS CAPITAL PARTNERS INTEGRAL
EPAMCONTINUUM
BERRY GLOBAL INTERNATIONAL FINANCE CORPORATION
ESCOLA NO CHIADO
BETTERFLY ION
EUREX
BID - BANCO INTERAMERICANO DE IQVIA
DESARROLLO EVERPHONE
ISDIN
BLACK FOUNTAIN CAPITAL EVIG GROUP
ITAU-UNIBANCO
BLAUMAR CAPITAL EXAPITAL
BMW EY
BNEXT

18 IESE Business School

J OLIVER WYMAN SUM INTERNATIONAL
SUMMIT VENTURE PARTNERS
JANSSEN PHARMACEUTICA OMBU INVESTMENTS
ON-RUNNING SUMUP SERVICES
JOBORTUNITY
ONLINESALES.AI SUNCAST
JOHNSON & JOHNSON
SUSTAINALYTICS
JUSTIN STINDT CONSULTING
SUZANO PAPEL E CELULOSE
P
K PAACK LOGISTICS
T
KEARNEY PANGRAM CAPITAL
PARCOM TAIGA
KGHM POLSKA MIEDŹ
PARTNERS GROUP TAMARA
KLARNA
PATRIZIA TARA CAPITAL
KOINOS CAPITAL
PAYFLOW TECH DATA
KOREA EXCHANGE( KRX)
PAYSOLUT TECHNOSERVE
KPMG
PCS HOLDING TECHSTYLE FASHION GROUP
KVIKA BANK
PEPSICO TESLA MOTOR
L PETROLIAM NASIONAL BERHAD THE BOSTON CONSULTING GROUP
THE KRAFT HEINZ COMPANY
LANXESS PETRONAS
PIVOT ANALYSIS THERMO FISHER SCIENTIFIC
LEGACY HEALTH CAPITAL
PMB CAPITAL TIKTOK
LIBERTY SEGUROS
PORSCHE CONSULTING TOKYO ELECTRIC POWER COMPANY
LINDEN EQUITY PARTNERS HOLDINGS, INC. (TEPCO)
LOGWARD PWC
TOYOTA MOTOR EUROPE

M R
MALLCOM INDIA RAISIN
RAKUTEN
U
MANGO UKIO
MAPEX RATEPAY
UNICEF
MASTERCARD RECARGAPAY
UNOVIS ASSET MANAGEMENT
MCKINSEY & COMPANY RESEARCH & CONSULTING GROUP
UPVEST
MERCADOLIVRE RESTB.AI
METYIS RETRACED
MICHELIN RHENUS SOUTH EUROPE
RISO KAGAKU CORPORATION
V
MIISTICO VANMOOF
MINSAIT ROCHE
VIBROSONIC
MIROW & CO ROCKET INTERNET
VIRTUAL BODYWORKS
MJ HUDSON ROEMMERS SAICF
VOLAVA
MONITOR DELOITTE ROLAND BERGER
VONDEL FINANCE
MOONS RUSTICAS
VTEX
MOONVALLEY CAPITAL RVU
MORGAN STANLEY
MPC CAPITAL S W
MSD (MERCK) SAMSUNG ELECTRONICS
WALLAPOP
SAMSUNG FIRE AND MARINE INSURANCE
WAYFAIR
SAN CHURRO
WERFEN GROUP
N SANERGY
N26 SAP
NAVOZYME SAUDI ARAMCO
SENER INGENIERÍA Y SISTEMAS
X
NBT XTREMEPUSH
NESTLE SERVICIOS DE TURISMO FUTANGUE
NETWORKSCIENCE SHERPA CAPITAL
SIARQ ADVANCED SOLAR DESIGN
Y
NEURESCUE YIN
NEVENTA CAPITAL SIEMENS
NEW LIFE PORTUGAL SIGNATURE
SIGRUN PARTNERS
Z
NEW TECH CAPITAL ZALANDO
NEWFLAG SIMON-KUCHER
ZS ASSOCIATES
NIKE SMART MOBILITY SOLUTIONS
NINA CAPITAL SNOWFALL
NO SUCH VENTURES SOLARISBANK
NOVARTIS SOTAVENTO CAPITAL
SOUTHPOLE
STABLETON
O STATKRAFT (FORMERLY, SOLARCENTURY)
OC&C STRATEGY CONSULTANTS STRATEGY&
OETKER-GRUPPE SUEZ
OKIFY SUITAPREST

MBA Employment Report 2021 19

Salary Details
By region (€)

REGION
AVERAGE OF AVERAGE
MIN OF ANNUAL MAX OF ANNUAL MIN OF OTHER MAX OF OTHER
ANNUAL BASE OF OTHER
BASE SALARY BASE SALARY COMPENSATION COMPENSATION
SALARY COMPENSATION

Asia Pacific €98.417 €46.162 €152.340 €54.770 €5.539 €182.303

Europe (excl. Spain) €93.121 €57.000 €168.652 €44.586 €1.000 €177.000

Latin America €78.063 €50.557 €111.886 €81.493 €8.463 €350.844

North America €116.615 €83.094 €164.620 €38.778 €9.232 €78.478

Spain €67.305 €47.500 €82.000 €27.214 €5.000 €77.000

Grand total €87.613 €46.162 €168.652 €50.480 €1.000 €350.844

By sectors (€)

SECTOR
AVERAGE OF AVERAGE
MIN OF ANNUAL MAX OF ANNUAL MIN OF OTHER MAX OF OTHER
ANNUAL BASE OF OTHER
BASE SALARY BASE SALARY COMPENSATION COMPENSATION
SALARY COMPENSATION

Consulting €93.981 €47.500 €168.652 €58.789 €5.539 €350.844

Finance €83.998 €50.000 €133.408 €58.363 €1.000 €160.219

Industry €82.235 €52.887 €120.025 €35.436 €2.000 €142.203

Technology €86.051 €46.162 €132.951 €46.041 €8.500 €182.303

Grand total €87.613 €46.162 €168.652 €50.480 €1.000 €350.844

By function (€)

FUNCTIONAL
AVERAGE OF AVERAGE
AREA MIN OF ANNUAL MAX OF ANNUAL MIN OF OTHER MAX OF OTHER
ANNUAL BASE OF OTHER
BASE SALARY BASE SALARY COMPENSATION COMPENSATION
SALARY COMPENSATION

Consulting €90.899 €47.500 €168.652 €59.286 €5.539 €350.844

Finance /Accounting €88.901 €55.000 €133.408 €49.051 €4.500 €160.219

Information Techonology €85.116 €50.557 €120.025 €49.556 €11.250 €177.000

Management €88.206 €57.000 €132.951 €34.350 €7.000 €103.592

Marketing/Sales €76.462 €50.000 €115.409 €26.937 €1.000 €115.888

Operations/logistics €84.591 €46.162 €115.409 €62.472 €19.124 €182.303

Other €86.983 €63.000 €117.437 €46.234 €2.000 €142.203

Grand total €87.613 €46.162 €168.652 €50.480 €1.000 €350.844

Notes:
Salary data exclude sponsored students returning to their employer and students Other compensation includes variable pay, sign-on bonus, tuition reimbursement
who are starting their own business. and relocation allowance.
All salaries shown are annual figures as reported by the class of 2021. Values are reported only wherever 3 or more data points are available.
All salaries shown exclude any type of corporate benefits (healthcare, pensions,
transport allowances, return flights, etc.).

20 IESE Business School

 Consulting (€)

REGION
AVERAGE OF AVERAGE
MIN OF ANNUAL MAX OF ANNUAL MIN OF OTHER MAX OF OTHER
ANNUAL BASE OF OTHER
BASE SALARY BASE SALARY COMPENSATION COMPENSATION
SALARY COMPENSATION

Asia Pacific €102.480 €53.113 €152.340 €50.394 €5.539 €115.311

Europe (excl. Spain) €101.558 €78.000 €168.652 €51.089 €18.800 €82.534

Latin America €83.641 €64.496 €111.138 €91.317 €34.964 €350.844

North America €149.778 €132.373 €164.620 €56.322 €32.314 €78.478

Spain €69.208 €47.500 €82.000 €30.064 €10.000 €43.000

Grand total €93.981 €47.500 €168.652 €58.789 €5.539 €350.844

Financial services (€)

REGION
AVERAGE OF AVERAGE
MIN OF ANNUAL MAX OF ANNUAL MIN OF OTHER MAX OF OTHER
ANNUAL BASE OF OTHER
BASE SALARY BASE SALARY COMPENSATION COMPENSATION
SALARY COMPENSATION

Europe (excl. Spain) €97.822 €65.000 €133.408 €48.565 €1.000 €160.219

LATAM €70.969 €58.047 €99.713 €83.586 €17.080 €154.792

North America €108.484 €106.176 €110.793 €39.239 €32.314 €46.163

Spain €64.389 €50.000 €80.400 €35.701 €13.000 €72.508

Grand total €83.998 €50.000 €133.408 €58.363 €1.000 €160.219

Technology (€)

REGION
AVERAGE OF AVERAGE
MIN OF ANNUAL MAX OF ANNUAL MIN OF OTHER MAX OF OTHER
ANNUAL BASE OF OTHER
BASE SALARY BASE SALARY COMPENSATION COMPENSATION
SALARY COMPENSATION

Asia Pacific €91.112 €46.162 €120.025 €63.914 €12.920 €182.303

Europe (excl. Spain) €86.202 €60.000 €96.372 €52.561 €8.500 €177.000

LATAM €70.426 €50.557 €90.295 €30.243 €20.929 €39.557

North America €105.945 €83.094 €132.951 €25.620 €9.232 €55.396

Spain €67.000 €56.000 €80.000 €24.312 €11.250 €53.000

Grand total €86.051 €46.162 €132.951 €46.041 € 8.500 €182.303

Industry (€)

REGION
AVERAGE OF AVERAGE
MIN OF ANNUAL MAX OF ANNUAL MIN OF OTHER MAX OF OTHER
ANNUAL BASE OF OTHER
BASE SALARY BASE SALARY COMPENSATION COMPENSATION
SALARY COMPENSATION

Asia Pacific €87.035 €59.351 €120.025 €64.884 €35.308 €82.433

Europe (excl. Spain) €87.574 €57.000 €117.437 €32.337 €2.000 €115.888

Latin America €77.552 €52.887 €111.886 €55.289 €8.463 €142.203

North America €103.099 €83.094 €115.409 €38.469 €16.618 €71.092

Spain €67.428 €55.000 €80.000 €22.211 €5.000 €77.000

Grand total €82.235 €52.887 €120.025 €35.436 €2.000 €142.203

MBA Employment Report 2021 21

Why IESE
Business School?
You aim high. You aspire to lead. You want to make
a difference. But you believe in leadership based
on professional excellence, integrity and spirit of
service. Welcome to IESE Business School.

At IESE, the business school of the University of Navarra, we are

committed to developing business leaders who strive to make a deep,
positive and lasting impact on the people, companies and societies
they serve.

Since 1958, more than 50,000 executives from all over the world have
experienced our integrative, people-centered and socially responsible
approach to decision-making in business and organizations. 

Our programs are transformative journeys towards personal and

professional growth. Our professors, your advisors and partners, are
active at the highest levels of business and academia. You will feel
challenged by their rigorous research and state-of-the-art teaching
methodologies.

We are truly global. Our unique reach goes beyond our five
international campuses and more than 50 academic alliances
with top universities. In our classrooms you will find the brightest
talent from over 130 nations. And you will enter our community of
thousands of alumni, friends and partner companies present on every
continent, in every industry and at every stage of life.

We stand on the solid pillars of Christian humanism. We believe in

the rights and dignity of every person. We believe in the individual
as a force for change. We believe in good will, in giving your best,
in helping society through your work. We strive to develop effective
managers, responsible leaders and better people.

We are IESE Business School.

A way to learn. A mark to make. A world to change.

22 IESE Business School

MBA Employment Report 2021 23
www.iese.edu
Barcelona
Madrid
Munich
New York
São Paulo

24 A Way to Learn . A Mark to Make . A World to Change

IESE Business School .