If you subscribe to the idea that, post-MBA, the world is your oyster when it comes to employment opportunities, it’s worth knowing where you can earn the most.
In its new Jobs & Salary trends report, QS TopMBA has the answer, and it’s rather surprising. If you want to maximise your earning potential as an MBA, go to Australia.
The strong Australian dollar, combined with the fact that companies in the country are competing for MBAs from top business schools from across Asia, has helped push up average remuneration to $133.1k, suggests the research. Considering no other Asia-Pacific countries ranked in QS’s top 10, there’s a clear incentive to move to Australia. Bonuses of $15k on average also increased the figure.
Switzerland, which has a high cost of living, and Denmark, where it’s possible to pay 51.5% income tax, also rank highly for MBA pay, with the UK coming in fourth.
The figures do, however, seem a bit low, with the FT rankings of MBAs suggesting average salaries of $120-180k at business schools making it into the top 20.
However, here are the top 10 countries for MBA pay, according to QS’s research.