MBA Graduate Salaries: An Analysis of Top Employers' Compensation Packages - GMAT PDF Download

Achieving a high score on the GMAT exam can aid in determining your career path. As the GMAT exam is a standardised test, a strong score can provide an advantage over other graduates.

• Top companies use the GMAT exam results, along with an MBA degree, to evaluate job applicants. Companies use the GMAT exam score to gauge the applicant’s understanding of the topics covered in an MBA program. In addition to the GMAT exam score, companies will also review the results of any courses or programs the applicant has taken as part of their MBA degree. Companies use this information to assess the candidate’s knowledge and skills in the areas that are important for the job. The combination of the GMAT exam score and the MBA degree allows companies to make an informed decision about which candidates are best suited for the job.
• The analytical and verbal abilities measured on the GMAT exam can also assist in transitioning into the business world. Analytical skill measures a student's ability to think logically and solve complex problems, while verbal skills measure their ability to understand and use language effectively. These skills are required for success in the business world, as they are essential for interpreting data, making decisions, and communicating effectively. Therefore, a strong performance on the GMAT exam can demonstrate to potential employers that a student has the skills and abilities to transition effectively into the business world.
• Additionally, high-paying international firms often consider GMAT exam scores as part of their hiring process for various job positions, with the average salary offered being significantly more than those lacking good GMAT exam scores. Individuals who have good GMAT exam scores (generally considered to be 700 or higher) are more likely to be considered for these positions, and if hired, will likely receive a significantly higher salary than those who do not have good GMAT exam scores. This is due to the fact that the GMAT exam is an indicator of one's academic preparedness and potential to succeed in a graduate-level program and beyond.
• The salary you can expect to earn after taking the GMAT exam and completing an MBA program can vary depending on a number of factors, including the industry you go into, the company you work for, your level of experience, and your performance in your MBA program. But having given the GMAT exam does offer a solid chance at getting a better salary. 
  However, it is important to note that some industries and specific companies may offer much higher salaries than the median. Additionally, the salary also depends on the country you're living in and the cost of living. For an instance, Switzerland is counted among the cities that offer the highest packages for MBA graduates with the average package being $123,500. 

The following Chart gives an overview of some of the highest-paying international companies and the average post-MBA salary offered.

It must be noted that these numbers are bound to change, but this does give a general idea about the salaries that an MBA graduate who has also given the GMAT exam can expect to be offered.

• According to a survey by GMAC, The average starting salary for new MBA graduates in the United States was around $105,000 in 2019. This can vary from around $40,000 to $200,000 depending on the job type, company and location.
• However, it's important to note that salaries can vary greatly based on the specific job and industry.
• Generally speaking, having a good GMAT exam score can help you negotiate for a better salary during your interview. This offers a major benefit over other MBA students who didn’t give the GMAT exam.
• Overall, it's important to keep in mind that salary can vary greatly based on the specific job, industry, and location. And, having a MBA degree can be helpful to open up more job opportunities and higher paying roles, but it is not the only determinant.

Remember that these aren’t the only jobs you can apply for after your MBA, as it opens up doors to several other career paths. To learn more about these career options and the average salaries offered, read Exploring New Directions: Job Options to Consider After GMAT

Frequently Asked Questions (FAQs)

What types of jobs are typically available to those with an MBAdegree?

Individuals with a GMAT exam degree tend to go into a variety of fields, including finance, consulting, marketing, and management. Jobs that are typically available to those with a GMAT exam degree include positions in investment banking, management consulting, finance, marketing, operations, and general management

Does the GMAT exam help me get a job?

The GMAT exam is often used by employers as a way to assess an applicant's qualifications and potential for success in a graduate management program. Having a high GMAT exam score can help you stand out from other applicants and may make you more competitive for certain post MBA jobs. It also opens up opportunities to apply to top business schools which will give more exposure to different job opportunities.

Is the GMAT exam required for MBA job opportunities? 

Many jobs in the business and management fields do not require the GMAT exam as a prerequisite for employment. However, the GMAT exam is often required for admission to MBA programs and many top-tier business schools use the GMAT exam as a way to evaluate applicants. Having a GMAT exam degree, or having a high GMAT exam score, can be an advantage for individuals when applying for certain jobs, particularly in fields such as finance, consulting, and management.

How can a good GMAT exam score help me get into a top business school?

A good GMAT exam score can increase your chances of being admitted to a top business school. Many business schools use GMAT exam scores as one of the key factors in the admissions process, and a high score can demonstrate to the admissions committee that you have the aptitude and skills necessary to succeed in their program

Is a top MBA still worth it?

Yes, a top MBA is still worth it in many cases. It can help you open doors to higher-level positions and provide you with the skills and knowledge you need to succeed in the business world. Many employers also value MBA degrees, as they show a commitment to professional development.

What is your salary 5 years after MBA?    

It largely depends on the type of job you pursue after completing your MBA. Depending on the industry, position, and location, your salary five years after your MBA could range anywhere from $50,000 to $200,000+. Generally, 5 years into your MBA job, you can expect a considerable salary hike over the initial value.

Which MBA is most in demand?

The most in demand MBA degree is a Master of Business Administration (MBA) in Management. This degree is ideal for individuals interested in pursuing a career in business leadership, management, and strategy. Other popular MBA programs include those in finance, accounting, and marketing. Do remember that this is liable to change at any point of time.

Which MBA specialization has the highest package?

The MBA specialization with the highest placement rate is typically the MBA in Finance. This is due to the fact that finance is a growing field and offers a wide range of job opportunities. Other MBA specializations with a high placement rate include Marketing, Operations, and Strategy. Do note that this can change depending on industry, market and job locations.

Which MBA has the highest job opportunities?

The MBA program with the highest job opportunities will vary depending on the industry, market and job location. Some programs that are consistently ranked among the top for job opportunities include Harvard Business School, Stanford Graduate School of Business, Wharton School at the University of Pennsylvania, Kellogg School of Management at Northwestern University, and the Tuck School of Business at Dartmouth College.

Do a lot of companies pay for MBA tuition?

Yes, many companies do pay for MBA programs. Some companies offer tuition reimbursement or tuition assistance programs to help employees pay for their MBA degree. Other companies offer full or partial scholarships or grants to employees who qualify. Additionally, many employers offer loan forgiveness programs or other financial assistance to assist employees with their MBA costs.

Is an MBA worth it financially?

It depends on your goals and career aspirations. An MBA can be a great investment if it helps you achieve a higher salary or a more prestigious job. However, if you are already in a well-paying job, or if you don't need the credentials or networking opportunities that an MBA provides, it may not be worth the cost.

What are the disadvantages of MBA?

An MBA degree is expensive and requires a significant time commitment, potentially limiting the career outcomes of graduates. Additionally, MBA programs are competitive, making it difficult to gain admission. This competition is also carried over to post MBA job interviews. Therefore, it is important to carefully consider the costs and benefits of pursuing an MBA degree before making a decision.

Is MBA in demand in future?

Yes, an MBA degree is still very much in demand in the future. Many employers are looking for candidates with an MBA degree because it typically indicates a higher level of knowledge and experience. The MBA also provides graduates with a stronger understanding of business principles, which can be highly valuable in the workplace.

Is MBA life stressful?

It depends on the individual and their personal circumstances. Generally, pursuing an MBA can be stressful due to the rigorous workload, tight deadlines, and the pressure to perform well. However, many MBA students find that the sense of accomplishment and the benefits of having an MBA outweigh any stress they experience.

At what age do most people start MBA?

Most people typically start an MBA program between the ages of 25 and 35. Many MBA programs also admit students who are older than 35.

Why are most MBA graduates not getting jobs?

There are a variety of reasons why MBA graduates may not be able to find jobs. These can include: a lack of experience, a lack of specific skills, an overcrowded job market, a lack of networking opportunities, and employers not having enough positions or budget to hire MBA graduates. Additionally, some MBA graduates may not have the right mindset or attitude to succeed in the job market.

Is an MBA a guaranteed job?

No. An MBA does not guarantee a job. However, it can help you to gain the knowledge and skills to increase your chances of securing a post MBA job. Additionally, an MBA program can offer opportunities to network and build relationships with potential employers. In the end, it’s all on the student’s hardwork and dedication.