MBA graduates from the world’s elite business schools have seen their pay soar during the past five years in spite of the global economic downturn, according to data collected for the 2014 Financial Times MBA rankings.
Students from the world’s top 100 MBA programmes, who began degrees at the start of the downturn in 2008 and 2009 and who graduated in 2010 in the depth of the recession, have seen salaries double in five years. This comes as many managers in North America and Europe have, in effect, seen their pay frozen.
About 94 per cent of alumni who responded to the FT survey said they had achieved the pay rises they had hoped for when they had enrolled on the MBA.