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MBA salaries: Top countries that offer the best bang for your buck
An MBA can be a huge financial investment, and it’s only natural for students to wonder what kind of ROI they can expect from this business degree. While MBA salaries can vary depending on one’s concentration, reports show that the credential can help improve graduates earning potential.
Despite a pandemic on hand, MBA students are still optimistic about their employment prospects.
| Jun 24 | 2 mins readAccording to Training The Street’s (TTS) survey of more than 450 MBA students across the US, Almost 80% of respondents said they are “very” or “somewhat” confident about landing a good job. Conversely, last year at this time, just 43% expressed confidence about their employment prospects; 57% said they were very or somewhat pessimistic.
Whether you’re an aspiring MBA candidate or a recent or a soon-to-be MBA graduate, working abroad can be an excellent option to earn a higher salary after graduation.
If you’re wondering where to relocate to get the most bang for your buck, QS has data on leading MBA salaries by country that could serve as a rough guide for students.
The countries included in the guide represent the top 10 countries with the highest average salaries for MBA graduates hired in specific countries using data collected from the QS Global Employer Survey from 2015 to 2019.
It also includes the average percent annual bonus that is added on top of the starting salary for MBA graduates in each country and the percentage of companies in a given country who hire talent globally.
Here are the top 10, according to QS’ Top 10 countries with leading MBA salaries report:
Switzerland
Average base salary: US$105,65
Annual bonus: 18%
Preferred work experience: 5-8 years
Global candidates hired: 39%
Canada
Average base salary: US$91,587
Annual bonus: 16%
Preferred work experience: 3-5 years
Global candidates hired: 25%
Australia
Average base salary: US$95,978
Annual bonus: 9%
Preferred work experience: 3-5 years
Global candidates hired: 31%
Singapore
Average base salary: US$80,518
Annual bonus: 26%
Preferred work experience: 3-5 years
Global candidates hired: 33%
US
Average base salary: US$90,187
Annual bonus: 12%
Preferred work experience: 3-5 years
Global candidates hired: 36%
France
Average base salary: US$82,255
Annual bonus: 21%
Preferred work experience: 3-5 years
Global candidates hired: 38%
UK
Average base salary: US$77,225
Annual bonus: 19%
Preferred work experience: 3-5 years
Global candidates hired: 44%
Spain
Average base salary: US$73,004
Annual bonus: 18%
Preferred work experience: 3-5 years
Global candidates hired: 26%
Ireland
Average base salary: US$76,762
Annual bonus: 9%
Preferred work experience: 3-5 years
Global candidates hired: 31%
South Korea
Average base salary: US$70,103
Annual bonus: 16%
Preferred work experience: 3-5 years
Global candidates hired: 49%
From the data above, we can see that Switzerland offers the best MBA salary for graduates. South Korea, the UK and Switzerland have strong percentages of companies willing to hire talent globally at 49%, 44% and 39%, respectively. In terms of annual bonuses, Singapore takes the crown at 26%, followed by France (21%) and the UK (19%).
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