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Press Release: Latest MBA salary data suggests the MBA is a safe haven in times of global uncertainty
In an era of financial insecurity and intense global competition, the MBA qualification seems to be a safe haven for young professionals seeking career advancement. Average salaries for newly graduating MBAs from many top business schools in both the US and Europe exceed $100,000 for the first time.
QS, publishers of the Global Recruiters’ Top 100 Business Schools as well as the Times Higher-QS World University Rankings, reveals the average salaries reported by over 350 of the world’s leading business schools for their class which graduated in Summer 2007. This Class of 2007 average salary data is published for the first time in the new 2008 edition of TopMBA.com/Scorecard – the online search and personal ranking tool - which is live from April 2008.
Table 1: Averages by region for the 50 business schools reporting the highest salaries in USA and Europe for Class of 2007
Region | Average Base Starting Salary US$ | % Accepted Employment Three Months after Graduation | Average Years Work Experience | Number of Schools in Top 50 |
USA | 102,223 | 93 | 5 | 19 |
UK | 106,626 | 92 | 7 | 14 |
Continental Europe | 109,678 | 90 | 6 | 17 |
