TopMBA.com International MBA Recruitment and Salary Report 2007
QS Research 1990-2007

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Banking salaries for fresh MBAs revealed a wide range, reaching as high as $ 155,000, amongst this year's respondents and as low as $ 20,000 in some emerging markets - however, the mainstream investment banks all reported very similar salaries in the ranges of $ 95-105,000. Consulting salaries for fresh MBA hires reached a high of US $ 140,000 and a low of $ 25,000 in emerging markets. These salaries remain unlikely to slacken off, given the forecast increases in demand for MBAs by consultants and banks over the next few years.

There seems to be a relationship between MBA salaries in all sectors, including general industry and technology sectors. As firms compete for talent, they adjust salaries. As the chart shows, during the dot.com boom of the late nineties, technology salaries were consistently 10% above industry salaries. In the subsequent technology crash, industrial salaries jumped ahead, but have now slipped again as technology firms around the world start hunting for talent.

Figure 12: MBA Salaries in US and Europe by Industry 1996-2007

Figure 12 tracks MBA salaries in the US and Europe from 1999 to 2007 by key MBA recruiting sectors. This chart reveals the long-term global increase in salaries in consulting, finance, technology and general industry, since 1993.

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QS World MBA Tour - QS TopMBA.com International Recruiter Survey 2007
© QS Quacquarelli Symonds Ltd. 2007
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