Many MBA universities and colleges play up the post MBA salaries of their outgoing batch. It’s one of the parameters that gains enormous importance in global MBA rankings as well. But what does it really mean to MBA applicants who are considering whether to join these business schools?
Averages are like…oh well, don’t worry, we aren’t going to quote Sidhu-isms here. But the fact is an average MBA salary figure quoted on the school’s website doesn’t reveal much for an individual MBA aspirant who’s aiming for, say, a marketing job in a tech firm. The average salary is just a collective reflection of what the previous batch was worth. It is influenced by the kind of roles and industries that were targeted by the last class.
The average salary for your batch will be determined by your classmates…and you. If you choose to get into high-paying industries like management consulting or investment banking, then your salary might be much higher than the average number listed on that website. And vice versa. Schools like Harvard, Wharton, Columbia are feeder schools that pump in tons of students into industries that offer ridiculously high salaries.
So if you really want to get an idea of what you can expect, then check out schools where a major chunk of students get placed in the industry of your choice. But even then, there will be students who get into other industries. So unless a school is providing an industry specific break-up of salaries, there’s no way you can pinpoint the salary range that you can expect upon graduation.
Read this related post: Top paying jobs in India
5 thoughts on “MBA Jobs: Average Salaries and what they mean”
I am an a student pursuing IT engineering , I wanted some professional review on my condition.
-Firstly, i have a limited time span to complete my education (4 years post engineering)
-I wish to change my technical field to management without a job experience post engineering
-Is masters in management a good choice or MBA ? (or any other choice)
-I have confusion as MBA pursuers need job experience which i won’t be having , what would you rather recommend?
-plus i aim to get a job post my education.
hello sir i wanted to know i am doing engineering and planning to do mba abroad for better pay scale if i managed to get a good marks in gmat or any other entrance exam what average salary mba pass out can get in canada
-Is studying mba from an iim good or study in canada for a mba better?
@Amy: Read more about our take on this topic: MBA vs Masters in Management: Which is better?
@Rahul: The average salary in many of the top schools is around $100,000. But it’s also a function of your field, experience level and post MBA goals. IIMs cater to a different set of students than international programs.
I have done my engineering from a premier Indian university (Non-IIT) and seure 8.1 GPA. I have 4+ yrs of experience – 3 yrs with a top Indian IT firm, 1 + year with Deloitte Consulting and currently working with IBM as a Consultant. I want to pursue MBA from ISB or one of the premier colleges abroad (US, Canada, Europe, Singapore). Please help me understand what would be a good GMAT score and what is the guarantee of getting a job post MBA ?
@Upasna: There are no job guarantees!
Read Beyond The MBA Hype to get the expectations aligned on international degrees.