Recent applicant and graduate surveys reveal that the highest MBA salaries are being netted in the United States and Canada, about $109,000 per year, followed closely by Western Europe on $105,000, according to QS data.
However in its annual survey, QS says that US and Canadian applicants expect to earn considerably more – $134,000. The biggest disparity comes from Eastern Europeans, who expect to earn $120,000 but actually average $72,000, based on QS data.
In individual nation terms, Indian applicants expect to net the biggest salary increase – a hike of 389%, up by 36% on last year’s data. But they will actually earn $85,000 on average, from a $27,000 pre-MBA pay package.
More than 30% of all applicants are pursuing an MBA to boost their salaries, rather than gain an education. Male applicants have higher salary expectations than females.
There are huge variations, however. A Graduate Management Admissions Council survey released earlier this year shows that alumni working for a multinational organization earn $104,000, compared with $75,000 earned by those who work for an organization with a local focus.
Salaries also vary by sector. Alumni working in the energy and healthcare sectors reported the highest median annual salary, $110,000, compared with those working in nonprofit and government sectors, who earn $80,000.
Finally, there are job-level variations. Globally, alumni in executive-level positions earn a median salary of $160,000, compared with $85,000 salaries reported by alumni in mid-level positions.
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