Alumni Career Path Analysis
IBS Business Network Centre
The questionnaires were sent to all of our (over 500) registered alumni members. 126
questionnaires were returned indicating a return rate of approximately 24%. This is 6% higher than
last year. 53% of the respondents were women, and 47% were men. The majority of those
returning the questionnaire were graduates of the Bachelor of Arts in Business Studies course;
they represented 76%. 15% graduated from the Hungarian course (MAG), 8% from the BABL and
1% from the EU courses. All the years from the of 1995 to the class of 2007 were represented.
Compared to previous years the rate of recent graduates has increased considerably, 27% of the
respondents graduated in 2007. As much as 8 -13% of the replies was sent by graduates from the
years 2001, 2002, 2003, 2004, 2006.
Man to Woman Ratio Course-based Distribution
Year of Graduation
n.a 1995 1996 1997 1998
2% 1% 1999
5% 4% 2%
2005 2004 2003
6% 10% 13%
Findings of the Questionnaire
Current Position and Area of Responsibility
According to our findings the career prospects of IBS graduates seem to be very good. With regard
to their area of responsibility the following could be observed:
− 85% of the respondents are in a responsible management positions
o 65% of the respondents work in a managerial position,
29% of them are managers with subordinates,
36% are managers without subordinates
7% are managing their own companies
7% are directors, 2% deputy directors and 4% managing directors
− 10% of the respondents work in entry-level (assistant, subordinate) positions
− 2% is un-employed
Current Position, Area of Responsibility
Job-seeker Assistant Ow ner
Director Deputy director Manager, w ith subordinates
Manager, w ithout subordinates Did not answ er Managing Director
Number of Subordinates
6 - 10 2%
With regards to the size of the companies the survey shows that the relative majority is employed
in larger corporations.
− More than 38% of the former students work at large companies which employ more than
− 13% work in large companies with employee numbers ranging between 101 and 250
− 29% of the alumni are employed by medium sized companies with 11-100 employees.
− 19% work in small companies that employ less than 10 people.
less than 10 11 - 25 26 - 50 51 - 100 101 - 250 251 - Did not answer
The ownership-based distribution shows, that the majority of the respondents (60%) works for a
company that is majority foreign-owned whereas only 17% work for majority Hungarian owned
companies. 18% work in their own or family owned businesses. 4% work in majority state-owned
4% 9% 1% 9%
Did not answer Family Owned
Majority Foreign Ownership Majority Hungarian Ownership
Majority State Ownership Own Business
The industry-based distribution shows a similar picture to previous years. 27% of the respondents
work in trade and 18% in Manufacturing. 13% of the former students are occupied in the
finance/insurance areas, 11% in Advertising, PR and media, 10% in telecommunications. Only 5%
are working in Hotel and Tourism sectors.
Advertising, PR, Consulting
Transportation, 11% Education,
2% Did not answer Cervices
Public Hotel and
Administration Manufacturing Tourism
2% 18% 5%
Traditionally, a third of IBS graduates are employed in the marketing/advertising/PR field, however
compared to last year’s survey their rate has decreased from 30% to 27%. Compared to 2007 the
number of those working in Finance, Controlling, Accounting has grown by 4% (to 17%) while the
number of alumni working in Trade shows an even higher increase, compared to last year’s 14%
21% marked this as their field of specialization. A 4% drop from 19% to 15% can be observed in
the number of former students whose work is related to general management, while the number of
HR professionals has also decreased by 2%. Furthermore the proportion of those working in
logistics has increased from 2% to 6%.
Field of Specialization
Finance, Management 4%
PR, Media Manufacturing
Logistics Law IT 4%
6% 1% 3%
There is only a slight change in the numbers for Gross Salary, that could be due to the change in
the distribution by course and year of graduation. The average gross monthly salary of our former
students is approximately HUF 452.320.-, the distribution can be seen on the chart below. When
calculating the average salary we have taken the middle of the given interval and calculated a
simple weighted average.
Gross Salary (monthly, Forints)
below 150 000 6%
150 001 - 250 000 17%
250 001 - 400 000
400 001 - 600 000
600 001 - 800 000
800 001 - 1 000 000
1 000 001 -
Did not answer
.It is clear from the answers that a salary below a gross monthly HUF 150.000,- is not uncommon
among fresh graduates. 31% of the respondents earn between 250.001 and 400.000, and the
ratio of those receiving between 400.001 and 600.000 is 17%. It is interesting, that while only 13%
of the respondents reported a salary between HUF 600.001 and 800.000, the proportion of those
with a salary of above 800.000 is rather high, 11%.
The average value of benefits is an approximate of yearly gross HUF 564.000.-.-. The method of
calculation is similar to the calculation of the average salary. The distribution is shown on the chart
below. It is interesting that a significant percentage, 26% do not receive any benefits.
Yearly Benefits (Forints)
6% 1 - 500 000
500 001 - 1 000 000
11% 1 000 001 - 2 000 000
2 000 001 -
Did not answer
The vast majority of former students, 89% did not pursue higher-level studies prior to, or
simultaneously with their studies at IBS. 1% did not answer and only 10% said that they did study
at another college or university before or during IBS.
Studies before/during IBS
10% Did not answer
Many former students decide to pursue further studies after graduating from IBS. Out of all the
respondents 40% completed some form of postgraduate course. Mostly mentioned were the
Corvinus University, CEU (MBA) and Budapest University of Technology and Economics after
completing IBS. Pursuing further studies abroad is also a popular choice Beside the above
mentioned 40%, a further 34% is planning to obtain a postgraduate degree, a considerably higher
number than last year’s 24% and only 23% said that they did not and are not planning to resume
Studies after IBS
No Yes Did not answer No, but planning
We also wished to see how former students value their IBS degrees; therefore we asked them, that
if they could choose now, would they still choose IBS? The great majority, 89% would chose IBS
again. It would be good to know the reason why some answered “no” but they did not explain their
Would you choose IBS again?l
Placement, Work during the Fourth Year and the First Workplace
One of the undisputed advantages of IBS over other local institutions of higher education is that it
offers a placement-year to its students. The usefulness and long term benefits of the placement
year are supported by the findings of this survey. The majority, 57% of those who completed the
survey chose to work after the placement year, during the fourth year of their studies.
Most of them (68%) remain with their placement companies, 32% change companies for the fourth
year. The fact, that most companies choose to continue employing the students indicates a high
level of satisfaction (also supported by feedbacks from companies and the fact, that companies
who employ IBS students continue to do so year by year, often in increasing numbers). On the
other hand, the fact that many students choose to stay on, and continue work shows how important
career-building and gaining experience is to IBS students.
Did you work in 4th year? Stayed with Placement
Company for 4th year
Another important finding is that almost half, precisely 49% of the respondents chose to stay with
their placement companies even after their graduation.
Were you empolyed by your placement company
We wanted to see how long it takes IBS graduates to find a job after graduation. 69% of all the
respondents found a job 0-3 months after graduation. A further 18% found a job 3-6 months after
graduating. There is a decrease in the number from last year, when 81% of the respondents found
employment within 3 months.
How many months did it take you to find
2% 3% 8%
0-3 3-6 6 - 12 12 plus months n.a.
We have asked two questions related to working abroad. We asked our alumni if they have ever
worked abroad, and if yes, for how long? 66% of former IBS students did not work abroad, 3% did
not answer, and 31% answered that they did work abroad, or are still working abroad.
The length of time spent abroad ranges from 0.5 months to 110 months, with a high overall
average of 19 months.
Did you work abroad?
No Yes Did not answer
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