UK MBA salaries now in line with those in USA

Despite average mean MBA salaries in the UK falling by approximately 24% in real terms since 1999, given the strong value of the UK Pound, they are now in line with those in the USA. That's the finding of a recent survey into MBA salaries and careers in the UK, carried out by
MBAmatch.com.

With average MBA salaries in the UK standing at 45K (median) and those in the USA at $75K (median), UK MBAs have finally caught up with their counterparts across the water.

UK salaries were found to rise an average 18% upon completion of an MBA course, although some sectors and industries fair considerably better than others in terms of base salary, performance related pay and overall benefits.

For example, the survey found a difference of 37K in base salary between those MBAs still working in Management Consultancy and those employed within Education. UK regions also show differences in base salary, although the South West region has now caught up with the South East.

Johann Diaz, CEO & Founder of MBAmatch, himself an MBA, comments, Whilst it is encouraging to see the discrepancies between UK and USA MBA salaries closing, it is tough to see such a huge investment of time, money and commitment drop in value by almost 25% in just 3 years.

Clearly this may be as a direct result of the economic downturn which we in the UK have been experiencing for some time now, but also the shifting balance between salary and bonuses and benefits which employers have effected.

An MBA is no longer seen as an automatic ticket to higher salaries and greater rewards, and rightly so. MBA graduates must now prove their worth through having relevant past experience, high quality demonstrable achievements and inspirational leadership skills.

Copies of the full 2002/03 MBA Salary & Career report can be purchased online and downloaded immediately from www.MBAmatch.com