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7.6.2 Europe

European salaries reflect the close association of the two economies and the integration of corporate operations: an MBA graduate will face similar prospects on either side of the Atlantic.
Salary levels in financial services and consulting, in particular, are very similar in both regions. Technology salaries and those in general industry are also very similar. Within geographic areas, there are major variations. For instance, Eastern European recruiters reported an average salary of just over US$ 63,000, while Western European recruiters reported salaries US$ 91,400. Within countries, MBAs in major cities can expect salaries 20% higher than in smaller ones. Figure 19 compares MBA salaries in companies recruiting in Western Europe and Central, Eastern and Southern Europe, segmented by the location of the recruiter's headquarters.

There is great variation in salaries. German, Italian and UK recruiters paid more than their Greek, Hungarian and Polish counterparts surveyed. (The French data may contain a bias due to a high proportion of local consulting firms in the sample).

Source: QS TopMBA.com International Recruiter Survey 2006

Figure 19: MBA Salaries in Europe by Country

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