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.

MBA Match, 11.01.2003