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According to research produced by TopMBA.com, the highest paying MBA industry is that of the pharmaceutical, biotech and healthcare sector, averaging over US$100,000 plus substantial bonuses.
The annual QS TopMBA.com Jobs and Salary Trends Report, also shows that in North America and Western Europe, the construction/property (US$96,500), aerospace/defence (US$91,000), and finance (US$92,450) sectors to be amongst the highest paying industries for MBA graduates.
Add to these average salaries extra remuneration through annual bonuses, and these figures can shorten the return on investment of an MBA program considerably.
“Salary is not the only aspect of MBA compensation,” points out Nunzio Quacquarelli, managing director of QS Quacquarelli Symonds and author of the report.
“Employers recognise the investment MBA candidates have to make in paying for their qualification and the vast majority of MBA employers will pay a bonus in addition to base salary to their MBA hires.
“The average bonus payable to new MBA hires across North America and Western Europe in 2012 averages over US$16,000, representing 18% of their total compensation. The highest reported first-year bonus in this year’s survey was US$200,000.”
According to the report, the lowest average MBA salaries are offered in utilities, law, transportation, travel and hospitality, retail, and the public sector, all below US$80,000 per annum.
Discuss your future MBA program with the world’s top business schools at the QS World MBA Tour >
MBA Salaries in Pharmaceutical Industry Highest
By QS Contributor
Updated UpdatedAccording to research produced by TopMBA.com, the highest paying MBA industry is that of the pharmaceutical, biotech and healthcare sector, averaging over US$100,000 plus substantial bonuses.
The annual QS TopMBA.com Jobs and Salary Trends Report, also shows that in North America and Western Europe, the construction/property (US$96,500), aerospace/defence (US$91,000), and finance (US$92,450) sectors to be amongst the highest paying industries for MBA graduates.
Add to these average salaries extra remuneration through annual bonuses, and these figures can shorten the return on investment of an MBA program considerably.
“Salary is not the only aspect of MBA compensation,” points out Nunzio Quacquarelli, managing director of QS Quacquarelli Symonds and author of the report.
“Employers recognise the investment MBA candidates have to make in paying for their qualification and the vast majority of MBA employers will pay a bonus in addition to base salary to their MBA hires.
“The average bonus payable to new MBA hires across North America and Western Europe in 2012 averages over US$16,000, representing 18% of their total compensation. The highest reported first-year bonus in this year’s survey was US$200,000.”
According to the report, the lowest average MBA salaries are offered in utilities, law, transportation, travel and hospitality, retail, and the public sector, all below US$80,000 per annum.
Discuss your future MBA program with the world’s top business schools at the QS World MBA Tour >
This article was originally published in . It was last updated in
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