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Follow on Google News | MBA salary boost for top schoolsMBA graduate salaries are lower than 10 years ago as the necessity to have an MBA has increases. Some graduates fair better than others.
By: John Beth consulting The salary boost most MBA students can expect to enjoy has halved since the mid-1990s, according to new research. Students at the top US MBA programmes in the 1990s could expect their salary to triple within five years of finishing the course. But those graduating from the same institutions in 2008 have seen only half that increase, according to the Financial Times annual Global MBA rankings. Nevertheless an MBA continues to boost graduate profiles with the necessary leadership skills, management training and executive education to succeed in the world of business. The findings related to the 51 US institutions featured among the FT's top 100 worldwide rankings. Harvard Business School reclaimed its position at the top of the rankings for the first time in eight years, displacing California's Stanford Graduate School of Business. Eleven UK-based institutions also featured in the top 100, with London Business School in the top 5 for 2012s highest salaries – the top European MBA according to the rankings – at number four worldwide. Twenty-five other European courses made the top 100, including Univeristy of Cambridge's Judge Business School – ranked 16th – and University of Oxford's Said Business School at number 24. The survey also found that the gap in the salary increase offered by an MBA for male and female graduates had narrowed for the first time, from $22,000 in 2012 to $10,000 in 2013. Financial Times Global MBA Ranking 2013 1. Harvard Business School (US) 2. Stanford Graduate School of Business (US) 3. University of Pennsylvania: 4. London Business School (UK) 5. Columbia Business School (US) 6. Insead (France) 7. Iese Business School (Spain) 8. Hong Kong UST Business School (China) 9. MIT: Sloan (US) 10. University of Chicago: Booth (US) ... 16. University of Cambridge: Judge (UK) 24. University of Oxford: Said (UK) 28. Warwick Business School (UK) 29. Manchester Business School (UK) 38. Cranfield School of Management (UK) 40. City University: Cass (UK) 42. Imperial Business School (UK) 71. Lancaster University Management School (UK) 72. University of Bath School of Management (UK) 87. University of Strathclyde Business School (UK) Rankings compiled by Financial Times Global MBA Ranking 2013. For more information please visit: http://www.london.edu/ End
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