In great news for MBA students, business school graduates from the top 100 MBA courses were paid an average of $142,000USD in 2016, three years after completing their studies. The previous year’s intake earned approximately $135,000USD after the same period, meaning a jump of $7,000USD.
These salaries commanded by MBA graduates have shot up by the largest amount in over 10 years.
Previously, the largest increase of this size occurred in 2006.
The co-founder of an advisory firm to business school applicants, Judith Hodara, told the Financial Times that the past three years have been a “golden age” for MBA grads.
Competition for graduates had increased because companies in industries not traditionally associated with MBAs were now starting to offer jobs, she said.
Salaries have increased almost all over the world. The highest-paying industry for MBA alumni was financial services, where employees earned $159,000USD on average, followed by e-commerce, where it sits around $154,000USD.
The only sector that didn’t increase was education, and the only region that depressed slightly was Africa.