An MBA is generally considered to be a stepping stone to a well paid job.
Salary surveys show that on average post-MBA salaries are significantly higher than pre-MBA salaries.
But is it really the case in Australia - where an MBA is still a 'nice to have' rather than a 'must have'?
Here are some links that provide data on MBA salaries in Australia. A word of caution - sample sizes are generally too small to compare by sector or employer. So please be careful when comparing your situation against the data below.
1. PayScale.com - a popular site which provides an indicator of salaries in different careers and professions. Check out what MBAs earn in Australia by job title, university and employer.
http://www.payscale.com/research/AU/Degree=Master_of_Business_Administration_(MBA)/Salary
2. ManagementConsulted.com - contains a number of resources and articles relevant to the management consulting profession. They provide an indication of what management consultants earn in Australia.
http://managementconsulted.com/consulting-jobs/2012-management-consulting-salaries-undergraduate-post-mba/
3. Economist - The 2012 Economist survey provides an indication of average MBA salaries at four Australian business schools namely the University of Queensland's School of Business, Melbourne Business School, Curtin Graduate School of Business and Macquarie Graduate School of Management.
http://www.leadingcompany.com.au/personal-development/which-mba-the-four-australian-universities-on-the-economists-list/201210052686
4. FT.com - The UK based Financial Times publishes salaries of the top 100 business schools worldwide. Two Australian business schools featured in the rankings - AGSM and Melbourne Business School.
http://rankings.ft.com/exportranking/global-mba-rankings-2012/pdf
5. QS TopMBA Jobs and Salary Report - This report looks at job trends and salaries for MBAs around the world. According to this report, MBAs in Australia have the highest average salary post MBA.
http://www.topmba.com/sites/default/files/snippet/2012_jobssalary_final.pdf
6. Melbourne Business School 2010 MBA graduate survey - Melbourne Business School reviews salaries of their MBA graduates. The 2010 survey shows an 87.2 percent increase in salary post-MBA.
http://www.mbs.edu/download.cfm?DownloadFile=0F6F6661-E5FC-C485-B51C47F7E98A769A
At the end of the day, above surveys provide only an indication on MBA salaries in Australia. They should not be considered as gospel - as all of them differ in their methodologies.
1. PayScale.com - a popular site which provides an indicator of salaries in different careers and professions. Check out what MBAs earn in Australia by job title, university and employer.
http://www.payscale.com/research/AU/Degree=Master_of_Business_Administration_(MBA)/Salary
2. ManagementConsulted.com - contains a number of resources and articles relevant to the management consulting profession. They provide an indication of what management consultants earn in Australia.
http://managementconsulted.com/consulting-jobs/2012-management-consulting-salaries-undergraduate-post-mba/
3. Economist - The 2012 Economist survey provides an indication of average MBA salaries at four Australian business schools namely the University of Queensland's School of Business, Melbourne Business School, Curtin Graduate School of Business and Macquarie Graduate School of Management.
http://www.leadingcompany.com.au/personal-development/which-mba-the-four-australian-universities-on-the-economists-list/201210052686
4. FT.com - The UK based Financial Times publishes salaries of the top 100 business schools worldwide. Two Australian business schools featured in the rankings - AGSM and Melbourne Business School.
http://rankings.ft.com/exportranking/global-mba-rankings-2012/pdf
5. QS TopMBA Jobs and Salary Report - This report looks at job trends and salaries for MBAs around the world. According to this report, MBAs in Australia have the highest average salary post MBA.
http://www.topmba.com/sites/default/files/snippet/2012_jobssalary_final.pdf
6. Melbourne Business School 2010 MBA graduate survey - Melbourne Business School reviews salaries of their MBA graduates. The 2010 survey shows an 87.2 percent increase in salary post-MBA.
http://www.mbs.edu/download.cfm?DownloadFile=0F6F6661-E5FC-C485-B51C47F7E98A769A
At the end of the day, above surveys provide only an indication on MBA salaries in Australia. They should not be considered as gospel - as all of them differ in their methodologies.
37 comments:
Good post about MBA it is very useful for students
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NICE BLOG!!! MBA is considered to be one of the most preferred post graduation course among the world today. Business management is currently the most sought after career option in the entire globe. Thanks for sharing a nice information.
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Thanks for providing complete information about salary of MBA. You provide here various links that are very helpful in providing data of MBA salaries. Job Agencies Melbourne
Nice work, you started to show the salary of various private and public, I also have a site where you can check the salary after degrees like MBA, MCA, B.tech etc in various company according to and job designations, as it has complete range of salary in India
Though it really depends from where and in which program you did your MBA but what I have heard is that salaries of those who do global MBA is pretty high than their counterparts.
useful sites for Salary calculation.even i use payscale site good for everyone
It has been pretty important for the students to bring around all those provisions of interest which are highly said to be important.
One of the reason students opt for MBA is high salary , what they will get.
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