“There are immense benefits from those who come from formal programs such as MBA and, certainly, we need to tap that source actively, like we should all sources of talent,” said Nick Frost, a partner at KPMG in the UK.
At INSEAD alone, which is based in France, McKinsey recently hired 120 MBA students.
“Consulting firms are looking for well-rounded candidates,” said Stephane Ponce, INSEAD global consulting lead. For firms focused on a specific sector — such as energy, finance, or consumer goods — experience is key.
Some 26% of the European MBAs were hired by consultancy firms, followed by around 18% snapped up by financial services groups, and roughly 16% for tech companies.
“Technology companies are seen to be the place of innovation and creativity — and this is really attractive to MBA candidates,” said Paula Quinton-Jones at Hult International Business School.
The leading financial services employers of Europe’s MBAs are HSBC, Standard Chartered, Barclays, Citi, and American Express.
Amex’s vice president of global campus recruitment, Brian Ruggiero, said: “We offer MBA graduates roles across multiple functions, such as consulting, marketing, digital product management, finance, client management, operations, and risk and information management.”
Barclays and other top EU banks have hired from schools such as ESADE and Cranfield School of Management.
Also on Bloomberg’s list of top employers are healthcare corporations Novartis and Johnson & Johnson, which is a top employer of MBAs at Germany’s ESMT.
Big pharma firms Eli Lilly, Bayer, and GlaxoSmithKline too are hiring at Italy’s MIP Politecnico di Milano, says Elisa Zagami, head of career development.