– BI competence is desirable in a digital age. Our ambition is for BI candidates to be first in line for the best jobs, both nationally and internationally. New demands surrounding us for digitisation require that we, as an academic institution, must continually work on developing the content of our programmes and how we deliver these. The figures from the labour market survey confirm that the competence of our students is highly sought after, says Inge Jan Henjesand, President of BI Norwegian Business School.
In January, three months after submitting their Masters thesis, 87.7% of all Masters students were employed, compared with 84.7% in 2016. This is the highest figure since 2012. For those with a Master of Science in Business, 91.1% were employed within three months, compared to 87.4% in 2016. This is the highest figure for these particular Masters students since 2014.
Strong salary increase
Besides the fact that several Masters students are quickly employed, salaries are also increasing more than average in Norway. Masters students, including Master of Science in Business students, had an average salary, without bonus, of kr. 470,000 which is equivalent to a salary increase of 5.1% from 2016.
The labour market survey shows that most of the Masters students from BI work within the auditing and consulting field, followed by banking, finance and insurance. Compared with last year, the sectors that are increasing the most are banking, finance and insurance as well as IT, tech and telecommunications. These have had an increase of 7.6% and 4.6% respectively.
– The business community is requesting new competence, also in a time of restructuring and need for fast-paced change. In addition to knowledge within traditional business school subjects, our candidates also need to be equipped with skills, values and mindsets that enable them to adjust to a working life in transition, says Henjesand.
International students choose Norway
For the international candidates, the labour market survey shows that 64% began working in Norway upon completing their degree. This is an increase of 5% compared with last year´s survey.
- Salary without bonus for Bachelors: kr. 393,000 (kr.437,000 including bonus)
- Salary without bonus for Masters: kr. 470,000 (kr. 514,000 including bonus)
- Salary without bonus Master of Science in Business: kr. 468,000 (kr. 512,000 including bonus)
Percentage of increase in salary from 2016 to 2017:
- Salary without bonus for Bachelors: 4.0%; salary including bonus 5.6%
- Salary without bonus for Masters: 5.1%; salary including bonus 5.1%
- Salary without bonus for Master of Science in Business: 5.4%: salary including bonus 7.1%
Facts about BI´s labour market survey
- 1015 out of 3185 students participated in the survey. Response rate was 32%.
- The survey was conducted during the period of January 8 to 31, 2018.