MBA graduates continue to achieve high salaries
beating averages from a decade ago (inflation
considered), according to the latest research from the
Association of MBAs (AMBA). The AMBA Careers Survey 2013 also
reveals that twice as many MBAs are working in
the public sector and more women MBAs are entering the
legal profession than in previous
years. MBA graduates from business schools with
AMBA accreditation are receiving the highest
average salary in the UK since 2004 and 11% more graduates
reported earning above £70,000 compared to those
surveyed in AMBA's previous Careers Survey in
The Careers Survey showed that the average (mean) salary
of MBA graduates from AMBA accredited business
schools working in the UK now stands at over £82,000 (the highest
since 2004). The median salary, including
variable cash, such as bonuses, stands at £90,000.
This is a 7% increase on the same salary in
Our most recent Careers Survey shows that the number of
MBA graduates working in the public sector doubled with almost one
in ten MBA graduates now working in this sector
since AMBA's last Careers Survey in 2010.The Careers
Survey shows a growth in female MBA graduates in the legal
profession. There is a strong representation of
MBA graduates in all sectors. The survey found that
15% of the graduates surveyed worked in consulting, 11% in
finance, 10% in industry, 9% in healthcare, 9%
in public service, 5% energy and 5% in consumer goods
sector. Compared with 2010 there was a 67%
increase in women who reported working in the
Studying for an accredited MBA gives you an exceptional platform
for networking at the highest level. You will be part of a diverse
and experienced group of professionals, studying with people who
have been carefully selected, whilst benefiting from top quality
connections with the alumni of some of the world's best business
schools. As one graduate explained, 'after what you go through
together, the partnerships you forge during your MBA are for life -
you can find a business partner, a mentor, a friend, and endless
What is an MBA?
An MBA, or Master in Business Administration degree, is an
internationally recognised passport to a successful management
career. Designed to broaden your horizons and build on your
strengths, it takes into account all the major aspects of business:
marketing, finance, accounting, quantitative methods, IT,
organisational behaviour & human resource management,
operational & strategic management, research methods &
consultancy, environment, change management, business policy &
strategy, leadership & entrepreneurship, contemporary &
pervasive issues, internationalisation.
Work experience and diversity play an important role in an
accredited MBA, and a typical group will consist of mature students
with five to ten years of relevant industry experience, from
several different markets and sectors with varying cultural and
geographical backgrounds. If you are interested in an MBA but don't
yet have enough work experience, then you might want to think about
a Masters in Business and Management
Thanks to the internet, globalisation and a change in lifestyles,
many schools now offer more flexible ways to study, either through
distance learning or part-time programmes. And with so many to
search for, there is a huge variation in quality, which is why
we're here, to help you make an informed decision.
Is an MBA right for me?
Can I manage the workload?
Workload is a really important consideration and you need to be
able to set aside at least 20 hours a week for a distance learning
programme. Full and part-time courses will, of course, take up more
of your time.
Can I make the personal commitment?
Having the full understanding and support of your family is one
of the essential factors when choosing to study for an MBA.
Is it the right time for me to start an MBA?
This depends on the amount of experience you've built up in your
career. Most institutions will expect at least three to five years
of industry experience and if you don't have this then it's worth
considering a Masters in Business and Management (MBM).
To make sure you're fully informed, it's a good idea to get hold
of a copy of the Association of MBAs Official Guide to Choosing an
MBA, which is availableas an ezine here.
The Accredited MBA Fair
Speak to Admissions Officers from top international accredited
Business Schools at the Autumn Accredited MBA Fair in London.
Admission is free. Find out more.