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North America and Western Europe have very similar average MBA salary levels, with both regions averaging approximately US$ 90,000 for the first time in 2006. Average salaries are lower in Latin America, Asia and Eastern Europe, reflecting weak exchange rates and the low status of those regions for business development.

Average salaries have risen across the board, globally, and some level of convergence is apparent. The average salary reported by global MBA recruiters exceeded $ 95,900. Multinational companies co-ordinate recruitment on a global level, and do not want to drive top candidates away from key geographies because of a salary differential. As international companies set up operations in emerging markets, they are increasingly willing to pay more for MBAs, who they see as critical for building a foothold in each region. Over time, it is likely that differentials with local companies will disappear as they respond by trying to attract talent for equivalent positions with more competitive salaries. At present, as shown in Figure 15, the differential between local and international salaries is greatest in Eastern Europe and Asia.

Figure 15: MBA Salaries by Region - Local Employers vs. Average

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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