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DigitalMBA Career Opportunities Pay Scales MBA Finance ConsultingDuring 2010, recent MBA graduates around the world enjoyed a large increase in jobs opportunities but saw a decline in average MBA salaries, according to independent industry research.

According to the QS Top MBA Jobs and Salary Trends Report 2010/11, opportunities for MBA graduates increased by 24% during 2010.  Not unexpectedly, some of the largest increases in MBA job opportunities were seen in Brazil, Russia, India and China, with Indian job openings increasing by an astonishing 43%. China witnessed a 19% increase, Russia 22%, and Brazil 25% more openings in 2010 over 2009.  Regionally speaking, North Asia and Singapore enjoyed a 12% increase in MBA hiring, while South and Southeast Asia saw an aggregate increase of 32% in 2010.

While Western European MBA job seekers still enjoyed an increase in career opportunities, it was by only 3% when compared to 2009. US MBA graduate hiring enjoyed a 9% increase, and South America 5%. Eastern Europe saw the smallest rise in MBA career opportunities regionally, with a 2% increase.

Industry analysts believe that as the global economy recovers from the impact of the recessionary period of 2008 and 2009, the overall job market would undoubtedly follow.

MBA salaries expected to rise

Although average MBA salary figures declined by 5% in 2010, compared to 2009; overall MBA pay rates for fresh graduates have returned to pre-recessionary levels or higher in 2011 and 2012.  MBA salary levels remain far above that of undergraduate degree holders. In Western Europe and North America for instance, the average wage of US$86,650 for fresh MBA graduates is roughly three times that of their undergraduate counterparts.

MBA jobs in finance and consulting

MBA jobs in finance and consulting have been increasing during 2011 and beyond.  Continuing its strength over the past decade, the consulting sector reported a 19% increase in MBA hiring during 2010, an increase of nearly 40% during 2011, and the momentum continues for 2012.  This jump in recruitment is predominantly due to the emphasis upon industries needing to evolve as they emerge from the recent economic difficulties.

MBA jobs in finance increased by 22% during 2010, showing a strong post-recession recovery as a result of cheap capital and demands for innovation within the sector.  Forecasts of an increase of 11% for 2011, and more for 2012 are within common expectations.

 

 

Check out Median Salary By Job & Salary By Employer in the following countries:

China

Hong Kong

India

United Kingdom

United States

Brazil

 

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