Salary: how much do young business school graduates earn?

Last year, business schools recorded an extremely rare drop (-9%) in the net employment rate of their young graduates, as well as a slight reduction in their salaries. A difficulty associated with the oh so special context that has delayed employment. Today, the horizon is clear: “The current situation is rather a good warning: 2021 was better than 2020, and the situation should not worsen … Except for dangers”, tries to reassure Pierre Lamblin, data director. and studies by Apec (Association for the Recruitment of Directors).

Many variations

It is complex to assess your remuneration when you leave a business school because there are many differences. Schools generally put up an average starting salary, which says nothing about the discrepancies. These do exist, however, starting with a difference of € 3,099 per year between men and women, according to the Conférence des Grandes Écoles (CGE).

A matter of choice

Other variables weigh in the balance: the geographical area, the activity sector, the occupied position, possible bonuses … For example, a young graduate working in finance in Ile-de-France will receive more than € 40,000, and up to € 50,000 gross annually. The same, in a medium-sized city and in communications, would rather come out at € 32,000 a year.

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this is the average annual salary (gross and exclusive bonuses) for a first job for graduates from management schools.

Conference of Grandes Ecoles, 2021

Some rare skills, such as highly valued data analytics, are very rewarding. More generally, “all dual competency profiles (eg engineering manager) stand out,” adds Marine Triomphe, director of business relations development at Esdes in Lyon.

At the top of the basket are positions in auditing and consulting (more than € 40,000), while commercial functions settle for € 35,000 on average but with a larger variable part (bonuses).

“One must see compensation as a long-term element that rewards good professional choices and willingness to take risks,” remembers Pierre Lamblin. Thus, a young graduate will sometimes have an interest in changing company to see his salary increase.

“The strongest advances are the students who travel to occupy a first position abroad,” notes Marine Triomphe. Wages increase on average by 5% per year when it can swell by 10 to 20% after a successful experience outside France.

“Give the best possible advice to our students”

Meeting with Laurence Laval – Career and internship coordinator at ICN BS, Nancy

To get a good salary, you still need to know how to negotiate. Which is never easy, even for business profiles: “It means you have to leave your student hat on to take on a professional,” admits Laurence Laval, who has organized a dedicated workshop for four years. “Before teaching, I worked with recruitment. I have often noticed how difficult it is for young graduates to objectively assess their experiences and value them, ”she confides. Talking about money bothers some people, “when others absolutely do not need us to come up with big demands,” she smiles.

Learn to negotiate

Hence the importance of a workshop. “One and a half hours, compulsory for all students. But my door is open all the time, ”reassures Laurence Laval. Individual or collective meetings thus dot the year for the dual-priority ICN teams: the students

at the end of the course “who will no longer be able to escape the wage issue” and women. A dedicated workshop has been set up for the latter. “We try to understand the sources of this difference that all schools observe and to give the best possible advice to our students,” explains Laurence Laval.

The pay gap between men and women is around € 3,000 a year for all business schools … “If it were € 10, no education or business can be content with regretting it without doing anything”, she points out.

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