TopMBA.com International MBA Recruitment and Salary Report 2007
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The OECD publishes annual research comparing purchasing power between countries (a good proxy for the cost of living). According to the OECD, the purchasing power in Mexico is 24% more than in the US. So, even though the survey reveals that MBA graduates are paid
34% less in Latin America than in the US, graduates working in Mexico will enjoy a standard of living comparative with that of their US counterparts. By contrast, purchasing power in Japan is 36% lower than in the US, so, the higher cost of living will result in a lower standard of living if the same salary is paid as elsewhere. Lastly, Hungary's purchasing power is 55% higher than that of the US, which means that an MBA earning 44% less in Hungary will still enjoy a higher standard of living than a US graduate.

7.6 REGIONAL FOCUS

7.6.1 North America

Within regions, there are substantial differences in salaries offered across industries. Figure 17 shows the salaries offered in different industries within the US and Canada. Salaries in the US are consistently slightly higher than those in Canada.

Figure 17: MBA Salaries in North America by Sector in 2007

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QS World MBA Tour - QS TopMBA.com International Recruiter Survey 2007
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