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7
Copyright © QS R
Conten
1. Introdu
Who will
2. Summa
3. Method
4. Compa
5. Long Te
Reaching
6. Short T
6.1 Dem6.2 Dem
6.6.6.6.6.
6.3 Dem6.6.6.6.6.6.
6.4 Func6.5 Expe6.6 Skills
7. MBA Sa
7.1 Glob7.2 Salar7.3 Bonu7.4 Tren7.5 Strat7.6 Regi
7.7.7.7.
8. Append
Research 2007
nts
uction
l be interest
ary of Find
dology and
nies Surve
erm MBA R
g a new peak
Term MBA
and for MBAand for MBA2.1 North Am2.2 Europe 2.3 Asia 2.4 Latin Am2.5 Global vand for MBA3.1 Consulti3.2 Financia3.3 Technolo3.4 General 3.5 Pharmac3.6 Small En
ctional Roleserience Leves
alaries and
bal trends in ry & Bonus Cuses nds by Regiontegies for MBonal Focus 6.1 North Am6.2 Europe 6.3 Asia 6.4 Latin Am
dix – Some
ted in the su
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2. Sum
In recent yeyears of thedot com bo
Paul Danos,the demand
MBA recruitdemand foTopMBA.comand salaries
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QS further recruiters ato share infthe last 17 y
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mary of
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, Dean of Tud for graduat
ters around or MBAs is m Internatios earned in t
ictions fromA.com Index demand for
ervices 23% (2
erage MBA sropean inflaell in excess(US$90,500)
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atch up occuNorth Ameripaid regions,
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es its resear schools, by ith QS, and b allows mean
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mentators bet in 2007, MBontinue its u
s “Today… a through the
are in the particularly cruitment aninternationa
ters suggest ecruiting sho07, with theal industry 24
estern Europcompared to -downturn leease reflectp talent. Th leading the
have a strok strong comarder skills tned in MBA
rring in termica and West this gap is n
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ch by the ob virtue of thby the bank ningful trend
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elieved that BA recruiter
upward marc
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midst of a in the serv
nd Salary Rel markets to
that MBA deows for the se technology4% (18%), an
pe have incre a worldwideevels of 200ts a high lehe average bonus field,
ong preferenmmunication aught by bugraduates, t
ms of demantern Europe.narrowing ea
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vey collects m recruiters es by sector,rated into teport their e designated aed to identifymarket, regio
bjectivity of he long estabof data on M
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eport 2007 reoday.
emand worldsecond year
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nce for cand and interpe
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its position blished contMBA recruitmntified over t
for education and
ion would neceeds the le
over 2/3 of
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orting a massg 22% (39%).
massive 6.5%n MBA salariorth Americamism amongonus is a sizerage bonus
didates withersonal skillsols. In generl room for im
laries receivere is still a
ta on the st consulting,, and year. Tport. Unlikeut obtains thble for MBA rraphical resobally.
as a third pacts with re
ment and remtime.
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all business
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et a new recon an overasive 29% (20
% (a full 4% aes of 3.5%. Man/Europeangst MBA reczeable US$2 of $46,400.
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ved by MBAs 30% salary g
tate of the financial seTime-trend
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to the gloryheight of the
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h continues,anking. Therecruitment
ord in 2007.ll 24% (24%)
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ive years ofthinking andhey are very in terms of
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Figure 2: Recr
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QS Research 2007
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The 489 natfor the comto provide osome of thefound in the
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Figure 3: Exam
Research 2007
tional and inmponents of on the valuee organisatioe Appendix a
merica
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nternational their individe of an MBA ons that tookat the end of
Example
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LEK
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companies tdual responsor concerns k part in thef this docum
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that respondses, except f with MBA hi
e survey acroment.
onding Em
nancial Servic
OCBC Bank
ANZ
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Credit Suisse
Merrill Lynch
oldman Sach
anco Santand
Scotiabank
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ank of Ameri
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hman Brothe
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leading network f
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oss the world
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for education and
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by Region
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xon Mobil
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ohnson & Johnson
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aterpillar
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d career developm
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Dee Clark, Mleaders and
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ger at Goldmnd strategic t
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es are also rking for a ssays "The co
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orld see a topossible to beOn recent tr an MBA to h
man Sachs (Lothinking, div
We view MBeir learning ad mature wo
e of “smartraisamy, Ernood MBA whave direct
recruiting MBkills match ombination oompanies liknd education
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nds
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BAs as our pand contribuorkforce, com
t people whnst & Young
will enhance experience)
BAs, from a - Daniela Gof a technicke Hilti." Othnal pedigree,
ent 1990-2
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nagement dewn degrees iake an MBA
egree, whicin the world is a crucial
ch preparesd, with morel step in an
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t entry-leveltment bank,for business
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s
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t MBAs to devperience and
velop futured networks."
e
pipeline of fte to the org
mpared with
future leadeganisation qu fresh under
rs. As MBAuickly. Theirgraduates.”
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ho can thinkg. John Fras the studen) and, thus
k strategicalser, Principant's business, should im
lly and in aal at Frasers awareness
mprove their
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mber of busiof Hilti Corpckground, reilliam Grant with exposu
ness schoolsporation, anelevant work Johnston atre to a wide
s n k t e
2007
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national Recruit
QS Research 2007
ter Survey 20077
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Figure 4 shinvestment hires at mathan double
hows the tre banking havny schools. Aed since 2003
nd in MBA hive reboundeAdditionally,3 and will ha
iring worldwed particular, the absolutave trebled i
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ncial servicesaccount for nsulting sect
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urpose of sihemicals, au
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nd for MBAs d benefited d slow growdemand for antly and m
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s and career0 new MBA j for MBAs lasbut also manythe best MBAsponsibility,
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crease in on-g job marke
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6. Shor
6.1 Dem
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ontinue to grd is anticipa 11% in indus
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always words, but withmand in som
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ng words of cse prices, a n 2008 is po career aspir
caution. A r growing de
ossible. Chrisrations.”
recession as ficit in the s Higgins at
seen betweeUSA, and ris Wharton ca
en 2001 andsing interestutions “MBA
d t A
The increas2003 and 2professionaleave to taand especiaeconomic bthe best sch
sed demand 2005 there ls seeking cake an MBA, ally in China
boom. Visa rhools than in
by employewas a 20%
areer progrein case theya, where MBrestrictions fn the years b
ers is now a% decline inession withiny missed outBA applicatifor entry intbefore 2002.
lso being re MBA appli their functi
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The good nplaces is intof Business applications
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Research 2007
news for bustensifying on reports thats have increa
untries arounnge or who wt they gradutop business
siness schoonce again. Rot domestic Uased by over
nd the worldwish to startate into a "h schools is in
ls is that Mose Martinel
US applicatior 30%.
d, we see a t their own bhot" job marcreasingly co
The world's
BA applicatili, Associatens have incre
rise in demabusiness. Thket, making ompetitive.
leading network f
flected in acations worion or industr time away50% during lso resulted
pplications trldwide. In try were reluy. This trend these years in less comp
to do an MBsome count
uctant to takd was evidens – a periodpetition to g
BA. Betweentries, youngke a risk andnt in the US,d of Chinesegain entry to
n g d
e o
ions are agae Dean of Admeased by 100
ain on the rimissions at C0% in two ye
ise and comChicago Gradears, whilst i
mpetition forduate Schoolnternational
r l l
and for MBAese young p 2008 start d
A places amorofessionals
dates look ve
ongst people are trying tery attractiv
who seek ao time theire. However,
a r
9 Copyright © QS for education andd career developmment
10 The
6.2 Dem
6.2.1 Nor
In the USATopMBA.com
Demand is more selecbecause MB
Debbie Sehthe years bsuccessful iand/or higundergradu
However, mMBAs whichobserves “Dmisaligned school/repu
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6.2.2 Eur
MBA recruitcompetitiveminded futu
Usha Kakarexperience,(although so
Several Weemploymenregime thafinancial anThe Germaseems set Manchesterrecruiters in
e world's leading
mand for
rth Americ
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ulster of Ingby bringing oin recruitinggh potentialate students
many industrh match theDepending uwith what
utation of pr
candidates, et-MBA in ordmber of can
er aspirationch and a red
challenge foonfirms that t. The Direal students a
at 90% of thbut a handfuience in the
rope
tment is vere. Lucy Tarraure leaders.”
ia-Cayaux of, conscious dometimes so
estern Europnt, particulat is favourand technologn economy ion revitalisi
r Business Scn many West
network for educ
MBAs by
ca
est MBA em Survey.
th amongst ol. Maryana the new tale
gersoll Rand on a handful g and retainl leaders ins and throug
rial companieir skill requupon the unthe candida
rogram and s
entry to a tder to pay bandidates are ns. This requduced relianc
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ry much on tant of Barcla”
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pean countrrly due to tble to MBAsgy companieis also on thing the induchool says “tern Europea
cation and career
y Region
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mainstreamAyerbe of M
ent and energ
USA says “W of MBAs eaing high caln our organh our relatio
ies are havinuirements atniversities aates actuallyskill set of hi
op-tier US back the fees actively loouires a morece on overall
tudents to our market ti
he Career Sl-time posititional studets were unabn MBA.
the agenda oays Bank say
erlands says evolve, interface level).”
ries are becthe implemes of almost es regularly e move. Fraustrial secto“increasinglyan countries
development
market, rec
, high volumMerrill Lynchgy that the b
We have beech year. Wibre talent nization. MBonship with s
ng to look ot a competitand the skily bring to tires.”
business schos, as well asoking for spee thorough l rankings.
obtain H1 viightens, recrService at Wions in the Unts obtainedble to stay b
of Europeanys “To becom
“we look forest in conti”
coming hot entation of tany nationarecruiting M
ance remainsor and majoy the MBA i, as has been
cruitment is
me recruiterh USA says business nee
en able to ime have a rigthat in the BAs bring uselected scho
utside the ttive salary. ls sets requthe table.
ool channelss natural peeecialist smalself-assessm
sas to stay ruiters are fWharton co
United Statesd work permbeyond their
-based compme a truly g
or MBAs for inual learnin
spots for Mthe Highly Sality. Spain aMBAs, as wels sluggish, thor companies becoming n the case in
booming a
rs and comp“we are incds to grow.”
mprove our lgorous hiringlong term bus greater ools.”
top-tier schoMesha Mott
uired, salaryThis usually
s them into er-pressure tler schools w
ment prior t
and work infinding ways omments, "Os last year." Amits to stayr F1 visa whi
panies seekilobal bank,
their learning and broad
MBA recruitkilled Migraand Italy hall as a growhough a news are active the main sn the USA for
Copyright © Q
again accord
panies seekincreasing our”
leadership stg process andbecome highbusiness ac
ools in order of Mead Wey requiremey is a funct
a banking oto get the ‘which can bo the MBA,
n the US, th to hire the Over 60% oAt UC Irviney and work ich guarante
ng to be intwe need int
ng agility, id manageme
ing. The UKnt Programmave growing wing consultiw right wing e. Dominiqustream qualir many years
QS Research 2007
ding to the
ng a smallerr MBA hiring
trength overd have been
h performingcumen than
r to find theestvaco USAnts may be
tion of both
or consultingbest job’. Aetter match a thorough
ough recent people theyf Wharton's, Tom Kozikiin Southern
ees a year of
ternationallyternationally
nternationalent exposure
K is at fullme, the visa numbers ofng industry. governmente D’Arcy ofification fors.”
7
e
r g
r n g n
e A e h
g A h h
t y s i n f
y y
l e
l a f
t f r
In Central Ebut mainly growing dom
Europe, the M outside themestic dema
MBA is less peir home coand for MBAs
prominent. Gountry. Russis.
Good Czech oia is the on
or Hungariannly Eastern E
n candidates European m
are highly smarket with
sought after,a large and
d
Graham Hascan’t see athe currentDominique actively, buKPMG, E&Ycompanies pool of MBAtechnology
stie of Londoany clouds ont £/US dollaD’Arcy of Mut they haveY and Deloithave been eA employers and telecom
on Business Sn the horizo
ar exchange anchester Be been jointte’s all of
enticed into ts compared ms companie
School obseron. We expe rate, the Uusiness Schoed by comm whom are the MBA marto the pre-ds."
rves: "The MBect most studUK is now paool says "the mercial bank
targeting Mrket in the ladotcom era.
BA job markedents to havaying the hi I-banks andks and the pMBA recruitiast three yea We are als
et in Europeve several ofghest salarie
d strategy coprofessional ng this yeaars and they so seeing re
e is at recordffers at grades for MBAsonsultants ar service com
ar. And man have enlargnewed activ
d levels and Iduation. “At worldwide.re recruitingmpanies likeny industrialged the totalvity amongst
I t
g e l l t
But the reaseeking MBexample OCHastie confto double in
al news in 2BAs in large C&C has acqfirms that Dun size every
2007 is Duba numbers, iquired Middubai and the six months a
ai. D’Arcy cn particularle East Stra Middle East and are recru
comments “cr, Indian MBtegy Associa is a hot spouiting accord
companies iBAs who havates and is ot, “a bit likedingly.”
n Dubai areve some linkhiring activee the wild w
e booming aks with the ely from MBest – some b
nd they are region. ForBS.” Grahambanks expect
e r
m t
By contrastbecause theobserves “s
t, MBA demaey do not halary is a big
and in Africaave the righg barrier for
a is subduedht profile of African emp
. LBS have tf candidatesployers.”
turned away. Meryll Fol
y employers b of Standa
from Kenya rd Bank of S
and NigeriaSouth Africa
a a
6.2.3 Asiaa
In Asia, theworld and athe social Lehman Bremphasis m
e MBA is becoare focused oaspects of tothers Singa
more on comm
oming more on developinthe MBA. Buapore says munication,
in vogue. Asng excellent ut Asian rec“We tend t interpersona
sian candida technical skcruiters are to focus lesal skills and
ates are amokills, often alooking for
ss on acadeleadership t
T. Takenouinterperson
China is theprograms athink the atthe averagewho works month for Tmay even se
Sei-Woong Yinternationatotally domin Asia andToday I thinthe MBA amestablished MBA manag
Australian Pharmaceutinteresting that jobs wintelligence
Research 2007
chi of Copernal skills, as w
e hottest mand Asian MBttraction fore MBA salary for TopMBATopMBA Careee a shortag
Yoon, an MBal career for
mestic focus. d now run Onk such a glomongst Asian MBA recruiers. I think t
employers ticals in Aus pool of pote
will fall in thee taught and
rnicus Associwell as a goo
arket. "More BA programsr these MBAs growth rate
A Careers in eers and thi
ge of MBAs in
BA alumnus fr a young As Since my MB
Overture. Myobal perspecn companiesitment progrthis trend wi
are somewstralia commential futureeir lap and f realistic car
ates in Japaod understan
and more M," says Michs is not the se is higher th China. He ris is only liken China in the
rom IMD andsian. Before BA, I workedy whole intective is even s. "In Korearams. Now will continue."
what more ments “MBAs e leaders witalse expectareer counsel
The world's
n agrees “wnding of Mar
MBAs are joinael Yang, Gstarting sala
han 15% per yreports thately to increae near future
d CEO of Ove I took my Md with Saatchernational m more impor, our largeswe are seei"
sanguine a are not theth broad busiations as to cling provided
leading network f
e favour theketing, Finan
ning Chineseeneral Mark
ary, but the year here in t "(they) arease further. e."
erture KoreaMBA, I workehi & Saatchi anagerial pe
rtant." He obst companiesng many mo
about MBA e be all and iness skills. Mcareer path.d.”
for education and
ngst the higat the expens well roundemic or techraits.
hest GMAT sse of integraed MBAs. Phhnical skills,
scores in theating fully inhilip Cho of, and place
e n f e
e many MBA nce, or Strat
holders who tegic Plannin
have strongng.”
g
e companies keting Managgrowing opp China." Yue
e generating With visa re
from internger, Motorolaportunity. F Zhang is an over 100 Mestrictions in
national MBAa (China). "I
For example, Oxford MBA
MBA jobs pern the US we
A I
A r e
, says "a toped in adverti in London, erspective wbserves the is, like Samsore compani
p MBA is a gaising in Korebecame a CO
was shaped ncreasing imsung and LGies seeking
ateway to anea and had aOO of Yahooby my MBA.
mportance ofG, have wellexperienced
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f l d
hiring. Mi end all howMBAs often c. I would like
itch O’Brienwever they rcome with ae to see mor
n, Emissaryrepresent anan arrogancere emotional
y n e l
11 Copyright © QS d career developmment
12 The
6.2.4 Lat
Latin AmeriMBAs choosYogesh Chathe right lev
Neverthelesto pick up minded leadto leaders w
"There is dmanagemenrecruit MBAand Banco not far behi
e world's leading
tin Americ
ica has also sing to studyvda of Proctvel of matur
ss, Latin Am the talenteders. Alejanwithin the or
definite movnt centre. MAs, as do coSantander, wind. The Mex
network for educ
ca
been a relay and work ter & Gamblerity”, but is o
merican comped nationals dra Herrera rganisation.”
vement in tMany Europensultancies which have xican market
cation and career
atively inact abroad in Ee Venezuelaoften thwart
panies are n choosing to of Asturer, ”
the market"an banks noand major iemerged as t is very stro
development
tive region fEurope or Na sees MBA reted because
ow reachingo study overMexico looks
" confirms tow own the ndustrial co regional baong, but we a
for MBA recrorth Americecruiting as “expectatio
g out to US, rseas, becaus for MBAs w
the Directormajor Latin
ompanies. Thnking leaderare seeing a
ruitment, wica. Salary al“an opportu
ons are too h
Spanish and use of the n
who “have gr
r at Institutn American Bhe biggest surs in Latin A region-wide
Copyright © Q
th most Latlso remains nity to gain igh.”
other Europneed for intreat potentia
to de EmpreBanks and tuch recruiteAmerica, thoe improveme
QS Research 2007
tin Americana big issue. people with
pean schoolsternationallyal to grow in
esa's careerhey actively
ers are BBVAough HSBC isent.
7
n
h
s y n
r y A s
6.2.5 Gloobal versuss Local Emmployers
More and mcompanies to our survefirms, invessectors.
more companhave recruitey had globastment bank
nies are gloters with gloal responsibiks, pharmace
bal in their bal responsiility for MBAeuticals, sup
operations bility for hir
A hiring. Thepplemented
without tiesring MBAs. Inese global reby a small n
s to any one total, 58 (5
ecruiters incnumber of c
e region. Ma56) recruiterslude strategompanies in
any of theses responding
gy consultingn most other
e g g r
In addition,These regiolocal emploMBAs.
, many recruonal and globoyers, but th
uiters headqubal recruiterhere are few
uartered in ors tend to p
wer in numbe
one locationay higher saers – there
n will have realaries and rare far more
esponsibility ecruit largere local empl
for a regionr numbers oloyers in the
n elsewhere.of MBAs thane market for
n r
Figure 6 sheadquarteand Latin Ahave report
shows the gered in the UAmerica still ted only limi
growth in nUS and Europ account forted plans fo
number of pe is fuellingr relatively fr an increase
MBA opportg the growthfew MBA ope in MBA hiri
tunities. Re in demand portunities aing.
egional and worldwide. and recruite
global MBA Local compaers in such o
A employersanies in Asiaorganisations
s a s
Copyright © QS
Figure 6: Tren
50
100
150
200
250
300
350
MBA
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and
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Tren
d in Employmen
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-2008
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merica
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13
However, texample, mWestern Eu24% of thes(76% are pu
his data potmany MBAs in
rope. Althouse recruiters urely domest
tentially undn Asia, Latin ugh 44% of r have some
tic focused).
derestimates America andesponding reresponsibilit
the actual d Eastern Euecruiters arety for recruit
number of orope are hire
e based in Noting globally
opportunitiesed through horth America
y or in Europe
s in certain head offices a, Figure 7 e, Asia or La
regions. For in the US orreveals that
atin America
r r t a
Similarly, Esome respodomestic fo
European recnsibility for
ocused).
cruiters make recruiting g
e up 27% of oglobally or in
our sample, n North Ame
but a massivrica, Asia or
ve 71% of thr Latin Amer
hese recruiteica (only 29%
ers also have% are purely
e y
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Figure 7: North
The predomcontinued pfrom proxigraduation.
0%10%20%30%40%50%60%70%80%90%
100%
e world's leading
orth Amer
h American and
minance of popularity omity to the
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European Recruiterr Responsiibility by RRegion 20007
ruiter Responsib
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bility by Region
arters in theiness schoolbeing able
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raphic Resp
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n 2007
e US and Wls. Internatio to meet s
Latin Americ
ponsibility
Europe
MBA.com Intern
Western Euroonal MBAs asuch recruit
a Asia, Aust& New Zea
ean Recruiteers
Copyright © Q
national Recruit
ope sheds lat these schters on cam
tralia land
Gloobala
ter Survey 20077
light on theools benefit
mpus before
e t e
14 QS Research 20077
Copyright © QS
6.3 Dem
6.3.1 Con
Top 10 Co
Accenture, IBM Consul(Roland Be
The consultbillion induhighs in 200
Responses recruiters aand outsourdownturn. targets to g
Overcapacitdemand ahe
Global-Worthe commugrow throuconsulting feature all
All the leadMcKinsey, historically growing segalso a largeconsulting, knowledge
The growingSiemens Machanged itshelping DelIBM, which numbers.
There are aSierra Systethe basis foMany such than visitinfocus on sal
Research 2007
mand for
nsulting
onsulting Re
AT Kearnelting, McKinrger & Partn
ting industrystry. After a
07; the consu
to the Topare actively srcing firms aLast year Er
grow revenue
ty in 2001 saead of 2001
kplace (wwwnity for 50 tghout the pjobs were lthe major co
ding firms hBCG, Accen hires betwegment of cone player in o Sej Butler or knowledg
g number ofanagement Cs name from l hardware c is, today, t
also a growiems, Canadaor good manfirms are usg schools. Tles and mark
MBAs by
ecruiters o
ey, Bain & Cnsey & Co, ners replace
y had been a temporary ulting marke
mba.com Inseeking manare re-staffinrnst & Younes to $2 billio
aw an MBA hlevels and, b
w.global-woop business
past three yeisted on theonsulting firm
ave returnednture, Bain,een 10,000 ansulting servoutsourcing of IBM UK
ge of solution
f corporate cConsulting s Dell Compucustomers tothe world's
ing number a finds MBAs agement consing search here is also keting.
y Sector
f MBAs in 2
Co, BCG, BooDeloitte Coed from 200
growing at slowdown aet is in the m
nternational y new peoplng their strag re-launcheon by 2009.
hiring cut bacbased on cur
rkplace.com schools arouears. Mike He site, an ims as well as
d to aggress Booz Allen
and 17,000 pvices, accounconsulting plooks for “sn areas.”
consultanciespecialises iters, reflecto plan their largest prov
of small sp the perfect nsulting. Andagencies, or a growth in
The world's
2007:
oz Allen Haonsulting, O06)
phenomenalt the start o
middle of a bo
Recruiter Sle in 2007. Inategy departed its busine
ck. A 22% (3rrent forecas
m), the careeund the worlHolmes fromncrease of os many smal
sive MBA hirn, and Rola
people, globanting for 65%projects andspecific pre-
s is experienn technologting the inte IT requiremvider of cons
ecialist cons talent pool d maturity anr web servic specialist c
leading network f
amilton, Ernliver Wyma
l rates for tof the new moom phase.
Survey suggen addition, ttments – maess advisory
8%) increasests, demand
er platform d, has seen
m Global Woover 20% inler firms.”
ring. In partiand Berger ally, each ye% of Accentu is benefitin-MBA skills -
ncing strong gy and businntion to buil
ments. Such ssultancy serv
sultancies lo “They havend analytical ces such as onsultancies
for education and
nst & Youngan/Mercer M
the last 20 ymillennium, t
est that larhe professio
any of whichy/business co
e in demand will continu
for global the number
orkplace says two years.
icular, the bare recruit
ear. Outsourcure's new busng from this - either dee
growth in Mness outsourld up its busstrategies fovices, by re
ooking to hie a strong ma
skills to intewww.global
s, for examp
d career developm
g Business CManagement
years, becomthe sector is
rger strategyonal servicesh were decimonsultancy d
for MBAs in ue to grow.
professional of jobs listes, “In 2006, Consulting
big strategy ting heavily.cing remainssiness. IBM C trend. For
ep industry
MBA hiring. Frcing. Dell hsiness consulollow in the evenue and e
re MBAs. Chanagement teract with sel-workplace.ple ZS Associ
ment
onsultancy,t Consulting
ming a $100 hitting new
y consulting, technology
mated in thedivision with
2007 places
ls, includinged on its site over 4,600 job listings
players like. Accentures the fastestConsulting isthis type ofand process
For example,has recentlyting divisionfootsteps ofemployment
hris Lavin oftoolkit that isnior clients.”com, ratherates, with a
15
, g
0 w
g y e h
s
g e 0 s
e e t s f s
y n f t
f s ” r a
6.3.2 Financial Serrvices
The
Top 10 Fin
Barclays, CMorgan, Me
Almost all iand acquisibooming in recruit MBAassets, struThere are a
This demanhiring by uincreasing bbe found in
Maryana Ayto grow.”
Mergers andright now. debt and eprivate equone of the b
Belinda Regschools and
So what tura recruiter who can deenergetic aworkplace,
Insurance stUS there aTravellers (
A new featrecruiting irecruited thmeet the gr
6.3.3 Tec
Top 10 Te
Amazon, Av(BT, HP, Ph
Recruitmenincrease of field. Telecsoftware co
e world's leading
nancial Ser
Citibank, KPerrill Lynch,
nvestment btions, but th 2007 with mAs into globauctured finaalso many ba
nd for MBAs up to 80% iby 23% (24%) this survey
yerbe, Merril
d acquisitioMany bankin
equities, struity and weabiggest recru
gan of Fidelid the fact tha
rns a bright n at Deutscheemonstrate and not afra but also tak
teadily hiresre a numbepart of Citig
ture for 200in significanhrough a nerowing mark
chnology
echnology M
vaya Commhilips, Sams
nt of MBAs i 29% (17%). communicatompanies, lik
network for educ
rvices Recr
PMG, Ernst , Morgan Sta
banks activelhis is just onmost top banal markets (ance, corporack office po
collapsed din some off). All the big in the sectio
l Lynch USA
ns departmeng divisions ructured finaalth managemuiters of MBA
ity Internatioat candidate
new businesse Bank, her fa good undid of workin
ke into accou
s MBAs and per of insurangroup), CIGN
07 has been nt numbers. twork. Toda
ket opportuni
MBA Recrui
unications, ung replace
nto technolo Avaya Commtions compake Microsoft
cation and career
uiters of M
& Young, Ganley, UBS (
ly recruit MBne departmenks reportin(sales and trrate financesitions in ris
during 2001-2fices. 2007 banks are bon relating to
says “MBAs
ents are theare prosperance, publicment. FinancAs worldwide
onal prioritises are usually
s school gradfirm looks foerstanding ong hard. We unt what the
picked up notnce companiA, and Liber
the entranc In the pas
ay, they are ities.
iters in 200
Compusermed from 200
ogy companmunications nies such a and Oracle
development
MBAs in 200
GE Commerc(Deutsche B
BAs. Most peent within tg record trarading secur
e and increak, financial c
2003. Goldmshows a co
back on campo salaries.
bring in the
e driving foring, such asc sector ance hiring is ne. American
ses MBA hiriy very motiv
duate into a or, "high achiof our indus don’t just
ey have been
ticeably in 2ies that recrty Mutual.
ce of Privatst they have recognising
07:
man, Dell, Go6)
ies has fina is one of thas British Te for example
07:
ial Finance ank replace
ople associahe global ba
ansaction figrities, fixed asingly on-ancontrol and
man Sachs, Mompletely dipus competin
e new talent
rce behind Ms derivativesd private seno longer res Express is al
ng because ated to com
successful bievers who astry. We alsolook at wha
n doing outsid
2006 and thiscruit 10 or m
e Equity ane focused o the need to
oogle, IBM,
lly bounced he largest reelecom ande, have incre
& GE Capited from 200
te investmeanks – albeitgures. Most oincome andnd-off balantechnology.
Morgan Stanifferent envng for talent
and energy
MBA recruiti, hedge funector corpostricted to blso emerging
of “intensivemence a new
banker? Accoare both foco want peo
at an individde their aca
s trend has cmore MBAs
d Venture Con more exo recruit you
Microsoft, P
back, repoecruiters of Vodafone eased their i
Copyright © Q
tal, Goldma06).
an Sachs, JPP
nt banking wt a departmeof the top ba derivatives
nce sheet h
with mergersent which isanks look to
s), managingedge funds.
s s o g
ley and othevironment wt, evidence o
ers cut MBAwith demandof which can
A d n
that the bussiness needss
ng in investds, sales anrate finance
banks. GE Cag as a major
tment banksd trading ofe, property,apital is now player.
s f
w
e training frw career.”
rom businesss
ording to Angused and mople who areual has achidemic activi
gela Cassidy,otivated ande bright andieved in theities."
d d e
continued in each year s
2007. In thesuch as AIG,
e
Capital houseperienced Munger MBA g
es into MBAMBA alumni,graduates to
A
o
PTC, Vodafoone, Yahoo.
rting the laMBAs in theare very acintake. Chlo
QS Research 2007
rgest sectore technologyctive. Some
oe Chometon
r y e n
16 7
Copyright © QS
of Oracle Irof Career Se
We were unthat hiring strongly in t
Sue Warrenreported thleaders to tthe 'way we
6.3.4 Gen
Top 10 Ind
BP, Ford, GProcter & G
This broad steel and ftrends, but2007 surveytrade, growthe interest
In particulaan essentiasituations. Asuch as Genthe norm fDaimlerChry
Sangeeta La“are shoppicompany is
“For our puan MBA emAlberto PiccMBAs have b
The energy two drivers smaller, en“many of ththey come leadership p
Consumer gtraditionallymore peoplever increaas Diageo, P
For local idiscourage Gasca of Ri
Research 2007
reland looks ervices at UC
nable to obtin China, Tathis research
n at BT Rethat MBAs cathe companye do things a
neral Indu
dustrial MB
General EleGamble, Uni
grouping offor the purpt a common y reporting
wing inter-det in MBAs acr
ar, those orgal pool of intA sizeable nneral Electrifor more thysler have es
aForges of Ging the mark a challenge
urchasing funmployee is recone of Fordbeen shrinki
sector has r of this trend
ntrepreneuriahe big oil co up for retprogrammes
goods compay hires 50+ Mle graduate
asing numberP&G, BAT an
industrial coMBAs from pittal Disprel,
for MBAs wC Irvine says
tain significaaiwan and Koh in the futu
ail, which wn "challengey. These araround here'.
ustry
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ctric, Generilever (Siem
f industries pose of this theme has ban increase
ependence oross the sect
ganisations tternational mumber of MBic, Ford andhan twenty stablished M
General Motoket for the b at times.”
nction, the Mesponsible fd. But Albertng… This lim
reported thed. First of alal organisatompanies wiirement. Th and are offe
anies have bMBAs in the with MBAs, rs. It is now nd Coca Cola
ompanies, tpursuing loca, a consume
ith “Internas “the high te
ant data froorea is extrere.
was the foure the statusre bright peo"
ers in 2007
ral Motors, mens, Compu
covers, aer report, conbeen a stead
e in hiring of common mtor.
that have fumanagers whBAs who do d General Moyears. Inter
MBA entry pro
ors NA looks best deal. Fi
MBA is the prfor purchasinto cautions t
mits the hirin
e largest incrll the searchtions. Secondll need to rehese companering except
een commit US and man they are pe common fo
a to hire MBA
the high leval opportunitr products/r
The world's
tional exposech corridor
m Asian tecemely active
rth largest quo by intople with th
:
Hilti, Johnsuserman rep
rospace, autnsumer gooddy increase
of 24% (18%)markets and
lly embracedho are capafind roles inotors where rnationally-mogrammes.
for “More stinding the ri
rime hire, if ng hundredsthat “the yeang evaluation
rease in MBAh for alternatdly, as Graheplace their nies have idtional packag
ted to MBA ny fewer in Eenetrating cr both local
As.
vel of multties that maretail compa
leading network f
sure, structu on the West
hnology rec. We expect
recruiter at roducing dye latest busi
son & Johnsplaced from
tomotives, cds and retailin MBA hirin
). The increincreased in
d globalisatible of worki the industri specific MBAminded Euro
trategic, globight candida
they have res of millionsars of experin to just a co
A recruiting wtive energy sham Hastie senior manadentified thges to get th
hiring in theEurope. Thisonsumer goo operations a
tinational saay bring themany based in
for education and
ured thinkingt Coast is vib
ruiters in 20 some Chine
London Busnamic new iness trainin
son, LG Elec 2006)
chemicals, lol. Each indng for the laeasing globalnternational
ion understaing in diversial sector wiA induction
opean compa
bally mindedte that truly
elevant expes of dollars ience betweouple of jobs
within industsources is atof London
agement ovehat they neehe best peop
e US for mans situation isods companiand head of
alaries remam rewards in Spain, has t
d career developm
g.” Tom Kozbrant”.
007, but repese companie
siness Schoothinkers and
ng. They are
ctronics, Ph
ogistics, madustry reveaast three yealisation of i competition
and that MBAse cultures aill do so with programmesanies like S
d MBAs.” Buty wants to w
erience. Froin parts/pro
een their unds.”
trials. Theretracting manBusiness Scher the next ted new MBAle.”
ny years. Levs changing. Aies around tffices of such
ains a barrin the longer the followin
ment
iki, Director
ports suggestes to appear
ol last year,d innovativee not tied to
hilip Morris,
nufacturing,ls individualars with thenternational
n has fuelled
As representand businessh companiess have been
Siemens and
t finds manywork for your
om the start,oducts” saysdergrads and
e seem to beny MBAs intohool reportsten years asAs for their
ver BrothersAs more andthe world inh companies
er and canterm. Manelg advice for
17
r
t r
e o
l e l d
t s s n d
y r
s d
e o s s r
s d n s
n l r
MBAs: "Too learn that tgraduation.MBA by the
much relevathe true val MBA recruit salary we ob
ance is placlue of my Mtment is verbtain after g
ed on salaryMBA was the ry sensitive tgraduation."
y straight aft knowledge to economic
ter an MBA. I acquired a conditions a
Since the yeand not the and we shou
ear I gradua job I got stld not value
ated I had totraight after studying an
o r n
But there idisappointeinternationacareer objesite, make o
is a downsied and not atal MBAs - caectives and woffers only t
de to such ttract the taandidates ofwe waste thto discover th
a "hot" MBAalent they arften are reluheir time anhat they wan
A job markere seeking. Nuctant to shd ours goingnt to work in
et. First of Neil Currie o
hare vital infg through sen consulting
all, many of Johnson &formation ab
everal intervafter all."
MBA employ& Johnson saybout their p
views on cam
yers will beys, "I recruit
personal andmpus and on
e t d n
Secondly, twhich tarniare having almost all r
here is a danshed their pto look outs
reporting suc
nger that wepotential conside the topccess in their
e return to thntribution. A-tier businesr search.
he bad old dA consistent ss schools to
ays, when Mmessage froo find the ta
MBAs had a rem recruitersalent they ne
eputation fos in industry eed. Howeve
r arrogance, is that theyer, they are
y e
6.3.5 Phaarmaceuticals and HHealthcaree
The
Top Ten H
Astra ZeneNovartis, P
Pharmaceutconsulting ahave remaisteady rath
6.3.6 Sma
The Interneto join smado so.
Colleen Claknowledge time betwe
Karena Zordriven, quicorganizatio
Technologypercentage schools excbusinesses iBusiness Sch
A growing nconsultancidevelopers,
e world's leading
Healthcare
eca, Cigna Hfizer, Scher
tical companand investmined commiter than spec
all Enterp
et revolutionller entrepre
ark of Easter(technology
een start up a
now of Driveck learners, n in cross fu
y has reduce of class stceed this leinclude: Thehool, Tanaka
number of Mes. Many su, marketing s
network for educ
MBA Recru
Healthcare, ring Plough.
nies have alment bankingtted to MBActacular.
rises and
n has given meneurial orga
rn Mountain, people, brand ROI."
e thru Desig adaptable, lnctional role
ed the cost tarting theirevel. Schooe Judge Instia School Imp
MBAs are inteuch firms arspecialists, s
cation and career
uiters in 20
Eli Lilly, Gl (Medtronic
lways been vg. They also As throughou
Entrepren
many MBAs tanisations. S
Sports saysranding and
gns in the Uleaders. Thees to make a
of starting r own businels reportingtute, Cambr
perial College
erested in wre owned osalesmen, fin
development
007:
laxo Smithkc replaced fr
very active offer attracut the last d
neurship
the confidenSome schools
s "MBAs brinproduct dev
S reports these qualities a real impact
a business, ess is consis
g particularlridge Universe London.
working for Sor managed nancial "wiza
line, Genenrom 2006)
MBA recruitctive benefidecade and
nce to start ts are reporti
ng business avelopment) t
hat MBAs “ha enable themt.”
even for risstently less y high levesity, EM Lyon
Small Mediumby MBAs w
ards" and ana
ntech, Johns
ters and payts and inter growth in
their own bung that 10%
acumen, creto a business
ave proven tm to progress
sk-averse MB than 5%, wels of studen, Instituto d
m Enterprisewho want to
alysts: all cla
Copyright © Q
son & Johnsson, Merck,,
y the best sarnational morecruitment
alaries afterobility. They numbers is
r y s
usiness on gr or more hav
raduation orve chosen to
r o
eative thinkis. They cut d
ng and newdown on lag
w g
to be smarts quickly thr
, ambitious,roughout the
e
BAs. At US swhereas manents startingde Empresa,
schools, theny Europeang their own Manchester
e n n r
es, start-ups hire dynamassic MBA ro
or boutiquemic businessoles.
e s
18 QS Research 20077
6.4 Functional RRoles
Figure 8 reemployers orole for whinot the moby Finance commerce a
eveals that offer roles iich they recst common f Advisory – and towards
over 16% on marketingruit). Generafunction ava7%. Roles o marketing,
of responding (in our 200al managemailable to MBffered refle strategic pla
g employers7 survey, ement and stra
BAs, selectedct a return anning, sales
s offer rolesmployers couategic plannid by only 9% to the basis, and financ
s in financeuld only pickng follow at
% of respondics of managce.
e (other), wk the primart 10% each. Cing employegement – aw
hilst 13% ofry functionalConsulting isers, followedway from e-
f l s d -
Copyright © QS
Figure 8: Func
6.5 Expe
MBA recruit60% of empless than 1typically ac28% of empyears of exexperiencedprofessiona
Figure 9: Prefe
0%
3%
6%
9%
12%
15%
18%
0%10%20%30%40%50%60%70%
Research 2007
ctional Roles Off
erience
ters consisteployers, but year of ex
ccept lower ployers. MBAsxperience ad group fallls are more
erred Levels of
< 1 ye
Functi
fered to MBAs i
Levels
ently show a there is a txperience are paid graduas with 5-8 ye
are targetedl outside thlikely to use
Prefe
Experience for
ear ≥
ional Role
n 2007
strong bias trend towarde targeted
ate level posears of exped by only 4he needs of e a search co
rred Leve
MBAs
1, < 3 years
The world's
s Offered
S
towards candd recruiting by only 5% sitions. MBAserience are t4% of emplo mainstream
ompany to id
ls of Expe
S
≥ 3, < 5
leading network f
to MBAs in
Source: QS TopM
didates withyounger peoof employers with 1-3 ytargeted by 2oyers (Figurm internatioentify suitab
erience for
Source: QS TopM
years ≥ 5
for education and
n 2007
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h 3 - 5 years ople. Graduars. These inyears of expe29% of emplre 9). This nal MBA recble opportun
r MBAs
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national Recruit
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ter Survey 2007
targeted byan MBA withd candidates targeted by with over 8es that thisexperienced
ter Survey 2007
7
y h s y 8 s d
ears
19
7
6.6 Skillls
The
Wise MBAs demonstratthan financ
According tterms of thlike; financleadership opportunitieexample – w
Key M
Figure 10: Key
1.0
1.5
2.0
2.5
3.0
e world's leading
will seek tes how "softe abilities, a
to recruiterseir soft skillce, accountiskills and ines to demonwill help MBA
MBA Skills
y MBA Skills
network for educ
opportunitit skills" such academic suc
around the ls. MBAs having or acadnterpersonalnstrate mastAs to differe
2007: Imp
cation and career
es to deve as interpersccess, and k
world, busive for many emic abilityl skills, whictery of thes
entiate them
portance v
Import
development
elop skills tsonal, stratenowledge of
ness school years met oy. There hasch is apparese skills – p
mselves in the
versus Sat
S
tance
that are imgic thinking,
f IT.
graduates aor exceeded s been a lo
ent year afteerhaps throue recruitmen
tisfaction
Source: QS TopM
Satisfact
mportant to , and leaders
are still not m expectationong-standinger year, in ugh club or nt process.
(as ranked
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tion
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recruiters. ship are mor
Figure 10re important
0 t
meeting expns in terms o short fall this researc project lea
pectations inof hard skillsin terms of
ch. Choosingadership, for
n s f g r
d by recru
national Recruit
QS Research 2007
uiters)
ter Survey 20077
20 7
Copyright © QS
7. MBA
7.1 GlobMBA salary MBA demanto US$90,50salaries in W
MBA salarieThis increastalent. Chrincreases ac
The lower odown startiof looking world in 2“companiesnew MBA hi
Global MBAcadre of ecandidates previous yemanufacturrecruiting.
Figure 11: Ave
The levels oof uninterruof MBA gradmarket in reversed in
50,
60,
70,
80,
90,
100,
US$
Research 2007
A Salarie
bal trend increases hand. The Nort00 in 2006 - Western Euro
es have jumpse reflects aris Higgins, Across industr
overall increng salaries, beyond the
2007. Tom s have learntres, preferri
A recruiters mployers wh from the beears. They aring, techno
A
erage Salaries in
of global MBupted econoduates was e2000, the m 2002, howev
6510
000
000
000
000
000
000
1996
es and C
ds in 200ave not beeth American/ an increaseope increase
ped 25% sincea high level oAssociate Diries – an earl
ease of 3.5% by recruiting traditional Koziki, Diret from the doing to offer s
report higheho seek MBAest schools are not just ology and s
Average Sa
n US & Europe 1
BA salaries teomic growth eagerly recrumomentum ver, and sala
06 66678 66
6 1997 19
Compens
7 en as steep i/European ae of 3.5%, coed the most –
e 2002, exceof optimism rector of Caly estimate w
suggests thag from a largtop-tier bus
ector of Carot-com era astrong perfo
er salaries aAs worldwid— but the s made up ofervice comp
alaries in
996-2007
end to be cy resulting in uited by busibehind thisaries fell alm
6563
73807
998 1999
The world's
sation
in 2007 as thverage repo
ompared to – by 6.5% (4%
eeding the le amongst MBareer Servicwould be an
at employersger number osiness schooreer Serviceand are showrmance rela
averaging in de and are salary differf banks and panies, whic
US & Euro
S
yclical reflec ever-increainesses world trend fuel
most to the 1
783728168
2000 2001
leading network f
hey were in rted MBA saa 7% increas% ahead of th
evels reachedBA recruitersces at Whart 8% increase
s are expandof business s
ols was oftenes at Univewing restrainted incentiv
excess of Uwilling to pential with consulting fch have ad
ope 1996-2
Source: QS TopM
cting economsing salary adwide. Despiled increasi
1998 pre-dot
80
74367 75
1 2002 20
for education and
2006, despialary in 2007se the year he average E
d before thes and increaton confirms for Wharton
ding the poolschools than n quoted byrsity of Cal
nt in what thes.”
US$95,000. Tpay a premiother emploirms, but al
dopted a gl
2007 (US$
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mic trends. Tand bonus paite the dotcoing salaries tcom boom le
846
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d career developm
ite the ongo7 is US$93,40before. RegiEuropean inf
e dot.com crased competis “we have n MBAs as a w
l of target M in the past y employers lifornia Irviney are willin
These represum to attraoyers is smaso healthcarobal approa
$)
national Recruit
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evel (Figure
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rash of 2001.ition for top seen salarywhole.”
p y
MBAs to keep– this theme around thene observesng to pay for
p e e s r
ent an eliteact the bestaller than inre and someach to MBA
e t n e A
ter Survey 2007
was a decadegrowing poolons in the US This trend
e 11).
5093449
6 2007
21
7
e l S d
In 2007, avexceeded th
verage consuhose in finan
ulting base sncial services
salaries in Ns at US$93,5
North Americ500 (the latte
ca and Euroer edged ahe
pe at US$99ead in 2003 f
9,500 have, for one year
once again, only).
Banking salrespondentsbanks all rehires reachunlikely to next few ye
aries for fres and as loweported veryed a high ofslacken off,
ears.
esh MBAs revw as US$20,y similar salaf US$140,000 given the fo
vealed a wid000 in somearies in the 0 and a loworecast incre
de range, reae emerging mranges of US
w of US$25,0eases in dem
aching as himarkets – hoS$95-105,00000 in emerg
mand for MBA
gh as $155,0owever the 0. Consultinging marketsAs by consult
000, amongsmainstreamg salaries fos. These salatants and ba
st this year's investment
or fresh MBAaries remainnks over the
s t A n e
There seemtechnology dotcom boothe subseqtechnology
ms to be a sectors. As om of the lauent techno firms around
relationship firms compate nineties,ology crash,d the world s
between Mpete for tale, technology, industrial start hunting
MBA salaries ent, they ady salaries we
salaries jumg for talent.
in all sectodjust salarieere consistenmped ahead
ors, includines. As the cntly 10% abod, but have
ng general ichart shows,ove industry
e now slippe
ndustry and, during they salaries. Ined again as
d e n s
The
Figure 12: MBA
Figure 12 tchart reveaindustry, sin
7.2 Sala
When complikely total
Overall MBAdemand forsecure theiAsia (China dollar termthe bonus observes. "Won total com
50,
60,
70,
80,
90,
100,
110,
US$
e world's leading
MBA S
A Salaries in US
tracks MBA sals the longnce 1993.
ary & Bon
paring comp earned in on
A earnings (sr MBAs surger preferred in particulas. In 2007, tfield, with
With so manmpensation i
,000
,000
,000
,000
,000
,000
,000
network for educ
Salaries in
and Europe by
salaries in th-term globa
nus Comb
ensation levne year, incl
salaries and es in consulticandidates.
ar and parts the average an averag
ny service coin many mar
IndustryConsultinFinance Technolo
cation and career
US and Euurope by IIndustry 1996-20077 (US$)
ng
ogy
Industry 1996-2
he US and Eual increase i
bined
vels, it is imluding bonus
bonuses) aring and finan But, some r of Europe (t reported boe bonus of
ompanies hirrkets."
development
S
2007
urope from 1in salaries i
mportant to ces.
re on the incncial serviceregions of ththe UK in pa
onus is a size US$46,500ing more ag
Source: QS TopM
999 to 2007n consulting
consider not
crease in almes, recruitershe world arearticular)) reeable US$24,. Mike Holmgressively, t
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t just the ba
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national Recruitter Survey 20077
A recruiting stechnology
sectors. Thisand general
s l
ase salary, bbut also thee
country in thpete on totalan others, w
ger earnings nvestment baw.global-wo strong upwa
he world. Asl earnings towith parts of increases inanks leadingrkplace.comard pressure
s o f n g
m e
22 QS Research 20077
The larger bthe greatesSome invesConsulting fThis is partconsulting increased tranging bet
bonuses payast overall comtment banksfirms are only because mfirms rarelyheir bonus p
tween US$10
able by bankmpensation s reported sly just aheadmany smalley pay large payments in 0-140,000.
ks and financfor the first
six figure bod of other ser consulting bonuses at2007. All se
cial services year out of nuses pushinectors in the firms respot the end oectors, apart
companies business schng overall co
e overall pay nded to the
of the first t from Gover
in particularhool, averagompensation bracket, at survey, but year, where
rnment, have
r, ensure thaging US$140,0n in excess o US$129,500 also becauseas other se average co
at they offer000 in 2007.of $200,000. per annum.se the largerectors haveompensation
r
r e n
For the firsstarting sala
st time everaries for new
r, two technw MBAs in th
nology compis year’s surv
panies – onevey. They al
e European lso reported
and one US large bonuse
- reported es.
the highestt
Salaries in boom which
Metals and h this sector
Mining were is experienc
e also much cing.
higher this year than in any previoous year, reeflecting thee
The governto pay end is included
ment sector of first year in ‘banking’
lags behindr bonuses (W sector).
Copyright © QS
Average
Figure 13: Ave
Figure 13 disaggregatcompensatideciding beflexibility.
7.3 Bon
Figure 13 sizeable avbanks, in pother sectovolatile tha
5
7
9
11
13
15
US$
Research 2007
e MBA Earn
erage MBA Earni
presents avted to provon. Some in
etween jobs,
uses
also revealserage US$24articular, re
ors will find an those in ot
50,000
70,000
90,000
10,000
30,000
50,000
nings by Se
ings by Sector 2
verage salaride greater ndustries off candidates
s the averag4,000. Bankseporting bonit hard to cther sectors
private indWorld Bank p
ustry in averay compensa
rage total coation compa
ompensationarable with p
n, due to a teprivate secto
endency notor banks and
t d
ector 200
2007
ries and bo insight. Difer a higher b are recomm
ge reported s are reportiuses of betwompete with.
The world's
7 - Salarie
S
nuses reporfferent indubase salary,
mended to as
bonus whicing a massivween US$25,h these figur
leading network f
es & Bonus
Source: QS TopM
rted by empustries have while othersssess their ow
ch range beve average b,000 and USres, banking
for education and
ses in W. E
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ployers, wite their owns offer a higwn risk profi
tween US$0bonus of US$$130,000 fo
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national Recruit
th each indun methods oh year-end bile and level
0 and US$46$46,200 withr first year M
o tend to be
BS
ment
US (US$)
ter Survey 2007
ustry sectorof providingbonus. Whenl of financial
,000 with ah investmentMBAs. While much more
Bonusesalaries
23
7
r g n l
a t e e
Recruitmeninvestment Latte of Glhunters and
nt firms also banks, placlobal-Workpld agencies w
o report higcing more elace Recruit
with a focus o
gh average experienced tment reporton more expe
bonuses, reMBAs and tts that manerienced MB
eflecting thethe growing ny companieA talent.
eir role in f number of s are very a
feeding cand executive Mactively eng
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y, IT & techn Of all sectoS$10,000 per
nology and tors covered ir annum.
the manufacin the resear
The
It is importvalue shoulexpenses anrecruiter, b
FurthermorCandidates communicaincreased itcount on threpaymentsperformancmake financ
7.4 TrenRegional Norecruiters rhave signifiby the weaUS$41,500 –recruiters rvariations b(US$67,600
Figure 14: MBA
Average salaverage saordinate re
20
40
60
80
100
US$
e world's leading
tant for candld be prioritnd tuition re
but the bene
re, an up-fr can comparte this bencts offer for the promise os, more difce, are a mecial promise
nds by Reorth Americreported an icantly exceeakening doll– with salarireported a siby country ). These regi
A Salaries by Re
laries have rlary reporteecruitment
8
0
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egion can recruiter average of eded North ar exchangees particulagnificant jumwithin Latinional averag
MB
egion 2007
risen across ed by globaon a globa
89540
& Canada
cation and career
understand tme US Statents can be cer for the ca
bonus carriesers with theito the recruntering MBA ance bonus, rformance b
employer to not be able t
rs reported US$97,400 (American sa
e rate). Easrly low in Tump in averagn America. ges are shown
BA Salaries
the board, al MBA recrl level, and
69760
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development
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rs all reportvernment ag
t average bogencies repo
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f f
he fiscal staes, they areclaimed tax-fandidate.
atus of theire taxed at nfree. In such
r bonus. Maxnearly 50%. h cases the c
ximizing afte In the UKcost is the s
er-tax bonusK, relocationsame for the
s n e
s greater var peers to e
uiter. In at class in ord making finabonuses, whintroduce vato keep.
alue than aensure they aleast one ca
der to matchncial planninhether tied ariable comp
a year-end are getting ase, a top-t
h competitorng, including to individupensation an
or performaa competitivtier consultirs. No MBA gg meeting miual, team ond to ensure
ance bonus.ve offer andng firm has
graduate caninimum loanor company they do not
d s n n y t
an average (US$91,700) alaries, thoustern Europeurkey, Greecge salaries atAsia-Pacific n in Figure 1
of US$89,5(this is the
ugh the figurean recruitece and previt US$69,700 recruiters 14.
00 (US$87,0second year
re has been ers reportedous Yugoslav (US$62,500)reported an
000), Westerr European M boosted in d the lowestv states. Lat), though then average of
rn EuropeanMBA salariesdollar termst average oftin Americanere are widef US$71,400
n s s f n e 0
s by Region 2007 (UUS$)
97358
Wester
S
globally, anruiters exceed do not w
nEurope
Source: QS TopM
nd some leveeded US$95
want to driv
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el of conver5,000. Multinve top cand
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national Recruit
rgence is apnational comdidates awa
36784628
Pacific GGlobal
ter Survey 20077
pparent. Thempanies co-ay from key
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24 QS Research 20077
geographiesmarkets, thfoothold in they respon
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