SSE Placement Report by liaoqinmei


									Placement Report 2011
Four-Year MSc Program
    Placement Report 2011
    – Four-Year MSc Program                                                          GRADUATE PROFILE
                                                                                     Graduates had a median age of 24. Fourty-one percent of           Age on graduation (median)                                  24
                                                                                     the graduates responding to the survey were female and
    Students in the four-year MSc program* who finished their studies by             59 percent male. The median number of jobs applied for was        Women                                                      41%
                                                                                     four, and the number of offers (also median) was two. Parallel
    March 31, 2011, were the sample for this survey. They are referred               to their studies at SSE 17 percent of the graduates pursued       Men                                                        59%
    to as graduates of 2010 because most graduated from SSE in 2010.                 another university degree in for example Engineering, Law,
    The response rate was 50 percent. The Placement Report, published                Languages or Political Science. In addition another 7 percent     Additional university degree pursued during MSc program:
                                                                                     of the graduates earned an additional joint degree in manage-     (CEMS 7%, Engineering 5%, Law 2%)                          24%
    annually, is one of the services provided by Career Services, part of            ment, through SSE’s CEMS affiliation, a global consortium of
    SSE Student Services.                                                            business schools in which SSE represents Sweden exclusively.     Total no. of respondents: 81

    * The four-year MSc program was replaced in the fall of 2007 with a three-year
      BSc program and a two-year MSc program.

2                                                                                                                                                                                                                       3
    2010 – SSE MSc GRADUATES KEEPING                                       LENGTH OF TIME TAKEN TO FIND EMPLOYMENT
                                                                                                                       All       Women      Men
    The hiring rates are still on a high level, and even had an
    increase this year. Ninety-five percent of the graduates had              > 6 months before graduation             35%        17%        48%
    jobs within three months of graduation. Eighty-seven percent
                                                                              4–6 months before graduation             22%        23%        21%
    had accepted a full-time offer or developed entrepreneurial
    opportunities by the graduation date. Thirty-five percent of              2–3 months before graduation             20%        27%        15%
    the graduates had accepted an offer more than six months                  0–1 month before graduation              10%        13%         7%
    before graduation. Eighty percent of the female graduates
    and 91 percent of the male graduates had found employment
                                                                              0–1 month after graduation                7%        10%         5%
    by the graduation date.
                                                                              2–3 months after graduation               1%          0%        2%
                                                                              4–6 months after graduation               4%          7%        2%
                                                                              > 6 months after graduation               1%*         3%        –
                                                                                                                  100%           100%       100%

    LENGTH OF TIME TAKEN TO FIND EMPLOYMENT WITHIN DIFFERENT INDUSTRIES                                                                            WAYS TO FIND JOB                                                   MAIN WAY TO FIND JOBS

                                            Investment Banking     Finance/Banking, other      Management Consulting          Consumer Products    Company presentations on campus, ad on SSE Place-             Company presentations
                                                                                                                                                   ment Board or from another recruitment center/               Ad of another recruitment
                                                                                                                                                                                                              center or company website
     > 6 months before graduation              20%                       50%                           58%                         19%
                                                                                                                                                   company, and previous internship were the four main                Previous internship                                           Women
     4–6 months before graduation              20%                       10%                           25%                         27%             ways to find employment. Acquaintances and former         Ad on SSE Placement Board
     2–3 months before graduation              30%                       20%                           17%                         27%             employment were also frequently used channels. Finding                 Acquaintances

     0–1 month before graduation                    –                    10%                                –                       9%             a job through an ad from another recruitment center or            Former employment
                                                                                                                                                   through acquaintances are channels used more frequently           Inquiry by company
                                                                                                                                                   by female graduates while company presentations, ad on          Inquiry with company
     0–1 month after graduation                10%                            –                             –                       9%             SSE Placement Board and previous internship were more           Through an SSE dept.

     2–3 months after graduation               10%                            –                             –                          –           common among male graduates.                                        Ad in newspaper
                                                                                                                                                                                                                Started their own busines
     4–6 months after graduation               10%                       10%                                –                          –
     > 6 months after graduation                    –                         –                             –                       9%                                                                                             Other
                                              100%                      100%                         100%                        100%                                                                                                       0   5        15   20   25      30
     Number of respondents                     10                        10                           12                          11                                                                                                                               Women

4                                                                                                                                                                                                                                                                                           5
    POPULAR INDUSTRIES                                                                                                                                                                                                                                                          LARGE COMPANIES MOST POPULAR
    Management Consulting, Investment Banking, Finance/                                                                                                                                                                                                                         Large companies continue to attract SSE graduates. Thirty-
    Banking and Consumer Products are the four industries                                                                                                                                                                                                                       three percent chose to start their career in a company with
    attracting the highest share of SSE graduates. Finance/                                                                                                                                                                                                                     more than 10,000 employees. This year, however, we can see
    Banking, other is almost equally popular among men and                                                                                                                                                                                                                      an increase in the interest of smaller companies. Twenty-one
    women while Investment Banking and Management Consult-                                                                                                                                                                                                                      percent chose a company with 11-50 employees.
    ing are mostly preferred by men and Consumer Products
    by women.                                                                                                                                                                                                                                                                   Working in the most popular industries is obviously demand-
                                                                                                                                                                                                                                                                                ing, even though the hours required have decreased in some
                                                                                                                                                                                                                                                                                industries. Investment Banking and Finance/Banking, other
                                                                                                                                                                                                                                                                                are requiring 5 hours less/week this year than last year.
    PLACEMENT BY INDUSTRY                                            PLACEMENT IN SWEDEN AND ABROAD

                                                                                                                 GRADUATES EMPLOYED:
                                                                                                                                             SHARE OF MAJORS WITHIN DIFFERENT INDUSTRIES                                                                                        SIZE OF COMPANY
                                                All   Women    Men                                             in Sweden      Abroad

    Management Consulting                     16%      3%     24%    Management Consulting                       18%              -
                                                                                                                                                                                                                                                                                 Number of Employees          All       Women      Men
    Consumer Products                         15%     27%      5%    Consumer Products                           16%            9%                 %
                                                                                                                                                                                                                                                                                 1-2                                –          –          –
    Investment Banking                        13%      3%     21%    Investment Banking                          15%            9%     100
                                                                                                                                                                                                                                                                                 3-10                           7%         7%         7%
    Finance/Banking, other                    13%     13%     14%    Finance/Banking, other                      13%           18%      90
                                                                                                                                                                                                                                                                                 11-50                         21%        27%        17%
    Manufacturing                              7%      7%      7%    Manufacturing                                8%              -     80
                                                                                                                                                                                                                                                                                 51-250                         9%         9%         9%
    PR/Information/Market Comm./Advertising    7%     10%      2%    Other consulting                             6%              -     70
                                                                                                                                                                                                                                                                                 251-1.000                     13%        13%        12%
    Other consulting                           5%      7%      5%    PR/Information/Market Comm./Advertising      5%            9%      60
                                                                                                                                                                                                                                                                                 1.001-10.000                  17%         7%        24%
    Accounting/Audit                           4%        -     7%    Education/Teaching                           3%              -     50
                                                                                                                                                                                                                                                                                 >10.000                       33%        37%        31%
    Pharmaceutical/Biotech Ind.                4%      7%      2%    Media/Culture                                3%              -     40
                                                                                                                                                                                                                                                                                                              100%      100%       100%
    Media/Culture                              3%      3%      2%    Pharmaceutical/Biotech Ind.                  3%            9%                                                                                                                MAJORS
                                                                                                                                        30                                                                                                           Management
    Computer/Information Technology            3%        -     5%    Accounting/Audit                             3%            9%                                                                                                                   Marketing
                                                                                                                                                                                                                                                     Accounting and Financial
    Education/Teaching                         3%      7%        -   Construction                                 2%              -                                                                                                                  Management
                                                                                                                                        10                                                                                                           Finance
                                                                                                                                                                                                                                                                                NUMBER OF WORKING HOURS PER WEEK
    Power/Energy                               1%        -     2%    Computer/Information Technology              2%            9%                                                                                                                   Economics
    Public Services/Organizations              1%        -     2%    Power/Energy                                 2%              -                       ing                          he                         ing                       cts
                                                                                                                                                       nk                        ,   ot                       sult                      odu
                                                                                                                                                      a                                                                              Pr                                                                       Lower                Higher
    Telecommunication                          1%      3%        -                                                                                 tb                        ing                           on                                                                                                           Median
                                                                     Public Services/Organizations                  -           9%               en                       nk                            tC                     mer                                                                           Quartile              Quartile
                                                                                                                                                                         a                             n
                                                                                                                                             stm                      /B                            me                      su
    Construction                               1%      3%        -   Telecommunication                              -           9%     Inv
                                                                                                                                          e                         e                            e                       on
                                                                                                                                                                anc                            ag                       C                                                        Investment Banking            43         58         63
    Other                                      3%      7%      2%                                                                                           Fin                           an
                                                                     Other                                        1%           10%                                                   M
                                                                                                                                                                                                                                                                                 Finance/Banking, other        48         53         63
                                              100%    100%    100%                                              100%           100%
                                                                                                                                                                                                                                                                                 Management Consulting         48         58         63
      No of resp. 72                                                                                                                                                                                                                                                             Consumer Products             48         53         63
                                                                     No. of respondents                            62            11

6                                                                                                                                                                                                                                                                                                                                              7
                                                                                                                SALARIES BY INDUSTRY                                                           BONUS BY INDUSTRY
                                                                                                                The median monthly basic salary increased to the range of
    Interest among SSE graduates in pursuing an international
                                                                                                                30,000-34,000 SEK. Management Consulting continued to be                                                             GRADUATES RECEIVED
    career remains high although the percentage choosing their                          ASIA 3%
                                                                                                                the highest payer, with a median range increasing up to SEK                                                      Yearly bonus   Sign-on bonus
    first job abroad is almost 10 percent lower than last year.
                                                                                                                38,000 – 42,000. Investment Banking and Finance/Banking
    Fourteen percent chose to accept their first job abroad.                                                                                                                                   Investment banking                   80%             70%
                                                                                                                other had a median range of SEK 30,000-34,000 which is in line
    Europe is attracting most of them, but some women also                EUROPE 11%
                                                                                                                with last year’s salary figures. The salary levels abroad remained             Finance/Banking, other               70%             60%
    chose Asia for their first job.
                                                                                                                high. The median range abroad is SEK 34,000-38,000, while in                   Management Consulting                91%             72%
                                                                                                                Sweden the median range is SEK 26,000-30,000.
                                                                                                                                                                                               Consumer Products                    50%             50%

                                                                                                                Bonus is often added to the basic salary within Management
                                                                                                                Consulting, but those employed in the Investment Banking and
                                                                                                                the Finance/ Banking, Other sectors received bonuses more
                                                                                                   SWEDEN 86%
                                                                                                                often than last year’s graduates.

                                                                                                                SALARIES BY INDUSTRY                                                                      SALARIES IN SWEDEN AND ABROAD

                                                                                                                                                              GRADUATES EMPLOYED IN:                                                GRADUATES EMPLOYED:

                                                                                                                Monthly                         Investment   Management                Consumer             Monthly
                                                                                                                                                                            Banking,                                             in Sweden         Abroad
                                                                                                                Base Salary            All       Banking      Consulting                Products            Base Salary
    WOMEN                                                           MEN                                                                                                       other
                                                                                                                < 18 KSEK              1%            -             -            -        9%                 < 18 KSEK                2%                   -

                                             ASIA 7%                                                            18-22 KSEK             5%            -             -            -       18%                 18-22 KSEK               5%               9%

                                                                                                                22-26 KSEK           14%          10%           8%              -        9%                 22-26 KSEK              11%              27%

                                                                                                                26-30 KSEK           29%          20%              -         40%        46%                 26-30 KSEK              32%               9%
                                                                           EUROPE 12%

       EUROPE 10%                                                                                               30-34 KSEK           19%          40%          25%           10%         9%                 30-34 KSEK              20%                   -

                                                                                                                34-38 KSEK           12%          10%           8%           20%         9%                 34-38 KSEK              10%              27%

                                                                                                                38-42 KSEK             5%            -         34%              -          -                38-42 KSEK               5%                   -

                                                                                                                42-46 KSEK             6%         10%           8%           20%           -                42-46 KSEK               7%               9%

                                                                                                                46-50 KSEK             5%         10%          17%              -          -                46-50 KSEK               3%              19%

                                                                                                  SWEDEN 88%
                                                                                                                50-54 KSEK             3%            -             -         10%           -                50-54 KSEK               3%                   -

                                                                                                                54-58 SEK                -           -             -            -          -                54-58 KSEK                 -                  -
                                                       SWEDEN 83%
                                                                                                                >58 KSEK               1%            -             -            -          -                >58 KSEK                 2%                   -

                                                                                                                                     100%       100%          100%         100%        100%                                       100%             100%

                                                                                                                No. of respondents     74          10            12           10          11                No. of respondents       62              11

8                                                                                                                                                                                                                                                               9
                                                                             Type of work/responsibility
     When asked to state the key reason for their choice of
     employment, female graduates identified type of work/              Professional/personal developm.
     responsibility and professional/personal development as
                                                                                     Career possibilities
     number one. Male graduates also stated these reasons,
     but also career opportunities as most important for                        Company culture/values
     their choice of employment. Neither male nor female
     graduates stated a high salary as their most important                  Lack of options/alternatives

     motivation for accepting an offer.                                     Company image/reputation


     SIGNIFICANCE OF MAJOR SUBJECT                                                                 Other
                                                                                                            0   5   10      15     20     25      30    35      40
                                                                                                                                                                              TOVE-LIA JOHANSSON                                CHARLOTTE EKELUND                                 MARCUS JENNEKVIST
     The 2010 graduates give their major subject less sig-                                                                                              Women

     nificance for employment than did the 2009 graduates.                                                                                                Men                 I work as an account manager for the Nordic       After my graduation I started as a Sales and      I work in the investment banking division at
     Women give the subject much less importance than did                                                                                                                     market at Google in Dublin.                       Marketing Graduate Trainee for Diageo, the        Carnegie in Stockholm, doing M&A and
                                                                                                                                                                                                                                world’s biggest premium spirits supplier, hold-   ECM transactions.
     the women graduating in 2009.                                          SIGNIFICANCE OF MAJOR SUBJECT FOR THIS EMPLOYMENT
                                                                                                                                                                              SSE gave me a thorough understanding of           ing brands such as Baileys, Smirnoff, Johnnie
                                                                                                                                                                              the business world from a variety of perspec-     Walker, Guinness and many more.                   I chose to study at SSE because it is the most
     Half of the responding graduates (49%) had an intern-                                                                                                                    tives. Today I handle clients in many different                                                     well-reputed school in the country and one of
     ship during their studies. Almost all of these (94%) claim                                                           All         Women             Men                   industries, and to be able to quickly identify    I have a lot to thank SSE for. Four things that   the best in Europe, especially within Finance
     that the internship had an impact on getting their job.                  Very Significant/Significant               56%             57%              55%                 the key drivers in each industry is crucial for   SSE and the exchange semesters via SSE            which was my major. My education at SSE
                                                                                                                                                                              what I do. I also had the possibility to study    and/or CEMS have given me, which will             provided me with among other things a solid
                                                                              Minor Significance                         44%             43%              45%                 one semester abroad at the MBA-program            always be useful are: 1) A solid theoretical      theoretical framework, the ability to use that
     Most graduates (68 percent) found their occupation                                                                                                                       at the University of North Carolina which         foundation, applicable across different busi-     knowledge in practice and to work efficiently
                                                                                                                     100%               100%             100%
     corresponded well to their level of education. Nearly                                                                                                                    encouraged me to start a career abroad.           ness functions. 2) A strategic approach           in project teams.
     one-fifth, however, think that their position requires                                                                                                                                                                     to problem solving. 3) Intercultural experienc-
     fewer qualifications.                                                                                                                                                    I chose SSE because I wanted to get a broad       es, especially through the CEMS experiences       I find my time at SSE extremely rewarding
                                                                                                                                                                              and solid education that would prepare me         abroad and the diverse groups of students.        since I had the opportunity to develop skills
                                                                            OCCUPATION IN RELATION TO EDUCATION
                                                                                                                                                                              for a future career, regardless if it would be    4) Project Management skills, big thanks to       that would prove useful in work life, while
     Nearly half of the graduates have used SSE Career                                                                                                                                                                          the student association, where only ones’ ima-
                                                                                                                                                                              within marketing, finance, accounting or                                                            studying in an inspiring environment together
     Services in some way. SSE Career Services offer Online                                                              BESIDE EDUCATION 4%                                  something else.                                   gination is the limit. What an extraordinary      with many ambitious students. I also appreci-
     libraries (Wet Feet, Vault etc), CV and application guide-                                                                                                                                                                 fantastic platform to grow on, with people        ated meeting many future potential employers
     lines and skills courses. Almost all found the services to                                                                                                               The people I met at SSE were talented, intel-     you like!                                         during my time at SSE, and to learn more
                                                                       ABOVE EDUCATIONAL LEVEL 10%
     be effective in their job search.                                                                                                                                        ligent, eager to learn and continuously chal-                                                       about what they do and what they look for
                                                                                                                                                                              lenging themselves. I learned so much from        I chose SSE because it is the best business       in students. Having the opportunity to study
                                                                                                                                                                              the people I studied with and became friends      school in Sweden. And having studied at           abroad, at Bocconi University in Milan, within
                                                                                                                                                                              with at SSE. Apart from studying lots of time     and with students from multiple good schools      my education at SSE is also something that I
                                                              BELOW EDUCATIONAL LEVEL 18%                                                                                     was spent in the student association which        internationally; I’d argue one of the very best   value highly.
                                                                                                                                                                              I believe is one of the best things with SSE.     in Europe. What I did not know then: the mo-
                                                                                                                                                                              The student association allows you to put         tivation among our students is just extraordi-
                                                                                                                                                                              many of the theories you learn in school          nary. What’s special about it besides the high
                                                                                                                                                                              into practice.                                    level of motivation among the students (which
                                                                                                                                               CORRESPONDS TO EDUCATION 68%                                                     makes it more fun to study) is that we help
                                                                                                                                                                                                                                each other out. Competition is secondary.
                                                                                                                                                                                                                                That has not always been the case at other
                                                                                                                                                                                                                                schools where I have studied.

10                                                                                                                                                                                                                                                                                                                                 11
The Stockholm School of Economics
The Stockholm School of Economics (SSE) is the premier business school in Northern Europe.
Since 1909, SSE has educated talented men and women for leading positions in business
and the public sector. The School offers bachelor’s and master’s degree programs and highly
regarded Executive Education and MBA programs. SSE also has schools in Latvia
and Russia.
   The School has earned a reputation for excellence, both in Sweden and around the world. It
is fully accredited by the European Quality Improvement System (EQUIS), certifying that all
of its main activities – teaching as well as research – meet the highest international standards.
   SSE is also Sweden’s representative in CEMS – The Global Alliance in Management Edu-
cation. Only one business school in any given country can be admitted to CEMS, a forum
that brings together 28 leading business schools and some 60 multinational corporations

SSE offers three bachelor’s programs:

•	 Bachelor	of	Science	in	Business	and	Economics	
•		Bachelor	of	Science	in	Retail	Management	
•		Bachelor	of	Science	in	Economics	and	Business,	Riga	(in	English)

SSE offers four master’s programs, with course selection and
curriculum completely in English:

•		Master	of	Science	in	Business	&	Management
•	 Master	of	Science	in	Economics
•	 Master	of	Science	in	Finance	&	Accounting
•	 	 aster	of	Science	in	General	Management	aimed	at	students	with	bachelor’s	degrees
   in subjects other than Business or Economics

SSE offers an Executive MBA – a specific type of accredited MBA for working professionals with an academic
degree. The School also offers doctoral and Executive Education programs and operates in Stockholm, Norrtälje,
Riga and St Petersburg.

                The	Stockholm	School	of	Economics	•	Sveavägen	65	•	Box	6501	•	SE-113	83	Stockholm

                                 Phone:	+46	8	736	90	00	•	•

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