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The larger bonuses payable by banks and investment banks in particular, ensure that they offer the greatest overall compensation for the first year out of business school, averaging US$ 146,500 in 2006. In comparison, all financial services averaged US$ 111,000. All sectors apart from banking and Government have average compensation ranging between $ 105-115,000. This year, it is noticeable that consulting firms are only just ahead of other sectors in the overall pay bracket, at $ 113,500 per annum. This is partly because many smaller consulting firms responded to the survey, but also because the larger consulting firms rarely pay large bonuses at the end of the first year, whereas other sectors have increased their bonus payments in 2006. The government sector lags behind private industry in average total compensation, but this is based on a small sample of respondents in this sector. NGOs like the World Bank pay compensation comparable with private sector banks.

Figure 13: Average MBA Earnings by Sector 2006

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Back to Index International MBA Recruitment & Salary Report 2006

Source: -
QS World MBA Tour - QS TopMBA.com International Recruiter Survey 2006
© QS Quacquarelli Symonds Ltd. 2006
Website: www.topmba.com