MBA Graduates' Average Salaries: Ranking the Top 10 Countries - GMAT PDF Download

Are you considering investing in an MBA? A Masters of Business Administration (MBA) is a postgraduate degree that focuses on the development of business management skills. MBA has a lot of benefits, from improved job opportunities and higher salaries to enhanced networking and business skills. It is no surprise then that the demand for MBA programs around the world is growing. And, with the right preparation, such as an excellent GMAT score, you could be in an even better position to receive higher salaries from top universities.
Making the decision of where to pursue an MBA can be challenging with so many top-tier universities situated in various countries; to aid in this decision, this article will provide an overview of the 10 countries that offer the highest salaries for MBA graduates along with their top colleges and tuition fees.

10. Germany

Salary: US$77,200
Given its status as the largest economy in Europe, it is no surprise that Germany is among the countries with the most impressive salaries for MBA graduates. Home to cities like Berlin, Frankfurt, and Munich which are considered major business hubs, the nation offers a variety of industries from which MBA graduates can choose to pursue. With an average bonus of approximately US$16,900, the total compensation for these MBA graduates amounts to an annual salary of US$94,100.
Top B-Schools in Germany:

9. Japan

Salary: US$80,000
When it comes to post-MBA salaries, Tokyo, Japan's capital city, is quite attractive, being ranked as the second-best student city in the world in the QS Best Student Cities 2018 ranking. On average, salaries are around US$80,000, with bonuses of approximately US$26,600 - the second highest among the top 10 cities - leading to an overall average compensation of US$106,600. This Asian financial hub is thus a great choice for graduates who want to enjoy both a good salary and a great lifestyle.

8. Singapore

Salary: US$82,700
Given its ranking as the fourth most competitive financial center in the world by the Global Financial Centers Index, Singapore is a highly attractive destination for MBA graduates due to its exceptional salaries and bonuses for graduates. Although Singapore has a population of only about 5.8 million people, the average annual salary for MBA graduates is an estimated US$105,300, which includes a bonus of US$22,600.

7. Italy

Salary: US$86,400
With an average salary of US$86,400 and significant bonuses of US$25,400, MBA graduates can truly live la dolce vita in Italy! Home to Europe’s 10th best MBA program at SDA Bocconi School of Management, Italy could be a great destination for an MBA graduate, particularly those in manufacturing industries – Italy is the second largest manufacturer in the EU behind Germany.

6. United Kingdom

Salary: US$92,400
The United Kingdom is a highly sought-after location for MBA study, with prestigious institutions such as Imperial College Business School, Oxford's Saïd Business School, and Cambridge's Judge Business School attracting students from across the globe. Additionally, it is the third-highest nation in Europe for MBA salaries, offering an average bonus of US$30,500 (which contributes to an overall remuneration of US$122,900).

5. Australia

Salary: US$98,400
Australia is an ideal destination for MBA graduates seeking a lucrative salary and the chance to study at some of the world's leading business schools. With average bonuses of US$17,800, MBA graduates can expect total compensation packages of US$116,200, making it one of the best places to pursue an MBA in the Oceania region. AGSM is just one of the high-ranking business schools located in Australia, offering an unparalleled experience for those looking to further their careers.

4. France

Salary: $98,500
France is consistently a top destination for MBA study (with top schools like HEC Paris and INSEAD), and with impressive post-graduation salaries, it’s easy to see why. With average bonuses of US$17,700 and an overall remuneration of US$116,200, it has the second-best graduate salaries in Europe. It also ranks fifth in the world in the Fortune Global 500, as home to 28 of the biggest companies globally.

3. Canada

Salary: US$99,800
Landing the bronze medal position for MBA salaries is Canada, where base salaries narrowly miss out on the US$100,000 mark. However, with average bonuses of US$11,300, you can expect an overall compensation of US$111,100 a year. Canada is known as an ‘energy superpower’ due to its abundant natural resources, proving Canada is a great post-MBA destination for those interested in the oil and gas industry.

2. United States

1. Switzerland

Salary: US$123,500
On Top of the table for MBA salaries is Switzerland, which offers a staggering average base salary of US$123,500. With bonuses of US$17,400, overall MBA compensation in Switzerland is by far the highest in the world, at US$140,900. It is the seventh richest country in the world, and a hub for many industries, notably the banking sector, pharmaceutical industry, and watches.

Now that you are aware of the top B-Schools in different locations, it should be easier to choose a school according to your location preference. However, if you’re wishing to pursue an MBA from a top 10 university irrespective of the location, you should refer to the following video by EduRev.

Frequently Asked Questions (FAQs) about Post MBA salaries

What is the average salary for an MBA graduate?

The average salary for an MBA graduate varies greatly depending on the industry, location, and individual's experience and skills. On average, MBA graduates can expect to earn anywhere from $70,000 to $150,000 per year.

How does an MBA degree affect salary?

An MBA degree can often lead to higher-paying job opportunities and increased earning potential. However, it also depends on various other factors such as experience, industry, location, and company size.

Which industries offer the highest MBA salaries?

Industries that typically offer high MBA salaries include technology, consulting, finance, and healthcare.

Do MBA salaries vary based on the type of MBA program?

Yes, MBA salaries can vary based on the type of MBA program. For example, graduates from full-time MBA programs at top-tier business schools tend to earn higher salaries compared to those from part-time or online programs.

How does location impact MBA salaries?

Location can greatly impact MBA salaries, with cities such as New York, San Francisco, and London generally offering higher salaries due to their high cost of living and strong job markets.