New statistics on student placements gathered by HEC Paris business school have revealed that London remains a location of choice, and continues to provide desirable career opportunities for those enrolled on the school’s MSc Finance (MIF) and Masters in Management (MIM) with specialisation in finance programmes, despite the uncertainties caused by the Brexit vote.
The figures show that student placements in the UK for 2016-17 remain at almost the same level as the previous year – 2015-16.
41% of students found placements in London in 2017, on par with 42% in 2016, whereas 49% of students found places in the rest of Europe in 2017, up from 45% the previous year.
43% of this year’s MIF and MIM-Finance students were recruited by eight leading banks, a total of 75 students.
|Location||Number of students
|Percentage||Location||Number of students
|Rest of Europe||24||16%||Rest of Europe||18||12%|
|Middle East||2||1%||Middle East||2||1%|
From the 2016-2017 graduating class:
– 19 were hired by Goldman Sachs
– 12 took on positions with JP Morgan
– 12 began careers with Morgan Stanley
Olivier Bossard, Executive Director of the MSc Finance and MIM-Finance Specialization at HEC Paris Business School, says there are three major reasons why the School’s ties to the City have remained strong. “I have no doubt that London will remain a central hub for finance in the region for many years. The reality is that global investment banks have not yet downsized their ambitions to remain active in the City. Although some players like Goldman Sachs, HSBC, Credit Suisse or Mitsubishi UFJ are already taking measures to relocate jobs to Frankfurt, Paris, Zurich or Amsterdam, most of their core banking and markets activities still operate from London.
“Secondly, even in the long-term, the jobs at threat in the City will predominantly be back-office, middle-office or other support roles. The graduates from our MSc International Finance programme remain isolated from these threats, as they mainly secure trading or banking roles,” he says.
The third reason, according to Professor Bossard, is the steps HEC Paris has taken recently to intensify its London-based placement services for students, making it possible for students to visit 43 different financial industry leaders during the school’s London Study Trip, this month.
Finally, he notes, a close relationship with the school’s alumni is an essential resource in building stronger links with London, from job opportunities to corporate partnerships.