Obtaining an MBA Bumps Earnings by a Third, British Career Survey Finds
A recent survey of more than 2,000 business school alumni found that earning an MBA increases earning power by a third, the International Herald Tribune reports.
The 2010 Career Survey was conducted by the London-based Association of MBAs, an organization that accredits postgraduate business programs. It looked at MBA salaries for alumni working in Britain and overseas, examining careers by sectors, roles, functional areas and company size, according to the Tribune report.
According to survey data reported by the Tribune, recent MBA graduates see their salaries rise by an average of 33 percent; alumni three to five years out see an average increase of 92 percent, and those six to 10 years beyond graduation average a 151 percent increase.
The survey also found that men with MBAs report higher earnings than women with MBAs at all job levels, with the gap being greatest at the top of the corporate ladder. Also of note: full-time, two-year MBA programs have a greater impact on salary than part-time courses, according to the survey findings. Graduates of full-time programs earn an average of 33 percent more than their part-time counterparts, the Tribune reports.
For the International Herald Tribune article, click here.