If you want to become a chief executive officer of a leading global company and earn a six-figure salary, business school is a good bet.
Nearly one-third (31%) of the CEOs of the Fortune 100 and FTSE 100 companies have an MBA. And on average, CEOs with an MBA earn $3.9 million—the highest base salary of all the degrees.
That’s according to research from domain registry provider The UK Domain.
The company crunched the data on all of the top chief executives to find out where they went to school, what they studied and how much they earn.
Half had a postgraduate qualification such as a master’s degree and 11% had a doctorate.
Some 29% of the CEOs have achieved a degree in either business administration or economics at some level.
The PhDs earned $2.8 million and those with master’s degrees minted $2.2 million salaries on average.
The business schools with the biggest crop of top dogs are all in the US: Harvard Business School (9), Wharton School (6), Kellogg School of Management (5) and Stanford Graduate School of Business (3).
The CEOs include Paul Polman of Unilever, who got his MBA from the University of Cincinnati, and Satya Nadella who headed Microsoft after graduating from Chicago’s Booth School of Business.
But you don’t need to go to a top US school to become a chief executive.
INSEAD of France and Singapore boasts three CEOs of large public companies. London Business School, HEC Paris and Rotterdam School of Management in the Netherlands have two apiece.
Separate research by the Financial Times found that, of the world’s largest 500 listed companies by market capitalization, 31% had a chief executive with an MBA in 2016.
Harvard Business School had the most with 22 MBA CEOs — more than double than the other schools.