If you want an MBA degree to increase your salary, these European business schools will not disappoint.
The best business schools in Europe are gaining ground on their US peers. Shorter MBA programs, cheaper fees because of currency swings, and international student bodies, have contributed to a surge in applications to European schools.
We’ve broken the data down on the compensation metric to see which schools in Europe give you the most bang for your buck in 2020.
Best European business schools with the highest MBA salaries
The top European school in Bloomberg’s overall ranking, is also the leading light when it comes to post-graduation pay.
The Swiss school, on the shores of Lake Geneva, scored 90.7 on compensation out of 100. In some industries, IMD MBA graduates make astronomical salaries. Take by way of example consumer goods, where IMD alumni bagged a median salary of $196,000.
IMD has a tight knit community and small class sizes, which translate into a powerful alumni network.
2. HEC Paris
France's HEC is in second place for pay, higher than its fourth position in the main ranking, with a 77.9 score for compensation.
Most of HEC’s graduates are hired by consulting firms, 21.2%, but they make the most in the technology sector, where median pay is $131,000 for HEC alumni.
They waxed lyrical about the diversity of the cohort, with more than 90% of students from outside France, according to one alumnus surveyed by Bloomberg. This enriched classroom discussion through the case study method, they added.
INSEAD was third for salary, lower than its second place ranking overall. This suggests that there is far more to an MBA than the pay, but nevertheless it is an important factor for prospective students to consider.
Some 46.2% of INSEAD’s MBA graduates were hired by the consulting industry, where the pay and bonuses are known to be high: the median salary for INSEAD graduates was $113,000. But they made the most in the media industry: $125,000.
Alumni spoke highly of INSEAD’s course being taught in France, Singapore and Abu Dhabi, helping them in developing a global network. The 10 month course length is another bonus, as it keeps costs down, though the program is intense.
Choosing a European MBA
The uniting theme for all the top European schools for compensation is that they are all highly ranked in their own right in the main Bloomberg ranking. Pay is an important part of the methodology, and it’s an important part of getting an MBA.
You would be well served picking any of the schools below, which come from a wide range of countries from Spain to Italy, and each have unique strengths, whether the diversity of the cohort, length of the program or success in a particular sector.
This article was first published in December 2017.