The days when an MBA was regarded as a ticket to a better-paid job seem to be returning, with pay for business school graduates back above pre-recession levels, according to new research from the US.
The average base salary for MBA graduates topped $94,500 last year – well above the pre-recession level of $89,000 in 2007, according to US-based Graduate Management Admission Council.
And the average bonus was $17,565 in 2010, compared to $10,000 three years earlier.
Furthermore, 93% of those surveyed were employed – up 3% from the council’s 2009 survey but down 2% on 2007.
“Employers around the world tell us they place great value on business school graduates – and these strong compensation figures provide strong evidence to support that conclusion,” said Dave Wilson, president and chief executive of GMAC.
“The message is clear: A quality management education positions people well to thrive in today’s highly competitive, knowledge-driven job market.”
The survey, which was conducted in September, attracted 3,490 responses from individuals who graduated from business school in the last decade.
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