P08-09 MBAS8 SalGap V6 18/2/08 17:44 Page 3
Editorial
CAREERS RESEARCH
Table 1: % salary premium: new MBA Table 2:
graduate vs. years experience/no MBA
Average MBA salaries 2007 - Europe
2007(%) 2006(%)
Consulting 137 (132)
Regional headquarters Salary (US$)
United Kingdom 108,372
Financial Services/Banking 141 (129)
France 97,692
Media/Entertainment 181 (155)
Germany 89,141
Netherlands 88,091
Manufact./Automotive 135 (132)
Spain 84,434
Public Sector/Non-profit 124 (118) Russia 48,847*
Greece 43,615
Hungary 43,058
Romania 36,905
*no banks included in sample
Source: QS
TopMBA.com International Recruitment Survey and Salary Report 2007
Average MBA salaries 2007 - Asia
Regional headquarters Salary (US$)
Singapore 84,983
Hong Kong 62,500
The cost of living
Taiwan 45,000
MBA graduates should consider the cost of living when comparing salary pack-
China 36,307
ages across regions: the real, versus the nominal wage a company and country
India <25,000
offers. The OECD publishes annual research comparing purchasing power
Thailand <25,000
between countries (a good proxy for the cost of living). According to the
Source: QS
TopMBA.com International Recruitment Survey and Salary Report 2007
OECD, the purchasing power in Mexico is 24% more than in the US. So,
even though the survey reveals that MBA graduates are paid 23% less in Latin
America than in North America, graduates working in Mexico will enjoy a Average MBA salaries 2007 - Latin America
standard of living comparative with that of their US counterparts. By contrast,
purchasing power in Japan is 36% lower than in the US, so, the higher cost of
Regional headquarters Salary (US$)
living will result in a lower standard of living if the same salary is paid as
Mexico 78,063
elsewhere. Hungary’s purchasing power is 55% higher than that of the US,
Brazil 72,500
which means that an MBA earning 44% less in Hungary will still enjoy a higher
Venezuela 67,500
standard of living than a US graduate.
Argentina 42,500
Source: QS
TopMBA.com International Recruitment Survey and Salary Report 2007
Table 3: Average MBA salaries across regions 2007 (US$)
100,000
97,358
“The downside of such high MBA
80,000
89,540
84,628 salaries and the growing salary
71,367
US$60,000 69,760
differential to non-MBAs,
is that some employers become
40,000 disaffected with MBA hiring,
41,457
creating a ceiling beyond which
20,00
they will start to target non-MBAs.”
0
USA & Latin Western Eastern Asia Global
Canada America Europe Europe Pacific
Source: QS
TopMBA.com International Recruitment Survey and Salary Report 2007
TopMBA CAREER GUIDE
www.topmba.com 9
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