When you are doing research to find the career opportunities that completing your MBA will offer you, one of the most important aspects that you need to research is salary.Not only do you need to establish the average MBA salary for your chosen business school, you also need to be able to link this to your own particular circumstances and experience. As a starting point, you should look at the differences in average graduating MBA salaries (at the business schools where you are planning to study) based on the career paths that previous MBA graduates have chosen, as there may be differences that exist because of location and industry. To help you place a value on your MBA qualification you should also seek to answer the following questions:
Friday, August 13, 2010
Average MBA salary
Not only do you need to establish the average MBA salary for your chosen business school, you also need to be able to link this to your own particular circumstances and experience. As a starting point, you should look at the differences in average graduating MBA salaries (at the business schools where you are planning to study) based on the career paths that previous MBA graduates have chosen, as there may be differences that exist because of location and industry.
General MBA Salary resources
Having established the types of questions that you need to ask, you can use the following MBA salary resources to help you find the answers that you need. Some of this information is freely available on the Internet, although items, such as a Personal Salary Report or some MBA salary surveys, are premium services, so you should aim to be certain at the outset what your requirements are and how much information you need. To start with general resources, you should visit the following two sites where you can find information on average salaries and earnings by occupation and industry. It may be difficult however to establish the value of your MBA when looking at the information in these sites, as the information is aggregated:
Specific MBA Salary Surveys
There are a number of MBA salary surveys that have been completed where you can find details of average starting salaries for MBA graduates, average MBA salaries for business schools, and how graduating MBA salaries have changed over the years. Two of the most useful for your research are:
Specific MBA Salary Surveys
There are a number of MBA salary surveys that have been completed where you can find details of average starting salaries for MBA graduates, average MBA salaries for business schools, and how graduating MBA salaries have changed over the years. Two of the most useful for your research are:
Business Week MBA Salary Surveys
On the Business Week web site you can find a host of information on average starting salaries for MBA graduates, by Business school. Please note that you will need to spend some time looking through the site to find the information you'll need.
Financial Times Rankings and MBA Salary Surveys
The FT Rankings and MBA Salary Surveys also provide an at-a-glance table with the current graduating MBA salaries and the increase achieved as a result of completing the MBA. These surveys cover the top MBA programs worldwide.
MBA Salary information for your personal circumstances
If you want to establish what your own average MBA salary would be, the best resource available is the Personal Salary Report (prices start at only $29 - available from Salary.com). This report is personalized to reflect your own years of experience, performance, education and other factors that are known to influence your pay. If you need information to help you in any salary negotiations, it is very important to be aware of the specific factors that are likely to affect your own salary, such as location and company size. To assist you with this, we have added an MBA Salary Calaculator
An MBA Salary Offers a Great Return on Your Investment
An MBA Salary Offers a Great Return on Your Investment While there are many factors that go into determining your earning potential as an MBA graduate, one thing is certain: your investment in your education will be rewarded. Find MBA schools that interest you, and take the first step towards higher income and increased job opportunities.
Average MBA Salaries Based on City
New York City – $102,869
Boston – $95,605
Los Angeles – $94,243
Chicago – $89,495
Atlanta – $82,410
Houston – $80,711
Dallas – $80,595
Boston – $95,605
Los Angeles – $94,243
Chicago – $89,495
Atlanta – $82,410
Houston – $80,711
Dallas – $80,595
MBA Years of Experience
Experience is a great teacher, and the more time you spend working in a company, the more vital you become to the organization. Because most companies recognize this, starting salaries for MBA program graduates are generally lower than those of their co-workers with more time on the job.
According to Payscale.com the majority of MBA graduates can expect to earn on average $50,427 in their first year. As your length of time on the job increases, so will your income. Here is a sample of average salaries you can expect as your time on the job increases:
Under 1 year – $50,427
1 to 4 years – $56,090
5 to 9 years – $74,053
10 to19 years – $94,038
Over 20 years – $103,600
According to Payscale.com the majority of MBA graduates can expect to earn on average $50,427 in their first year. As your length of time on the job increases, so will your income. Here is a sample of average salaries you can expect as your time on the job increases:
Under 1 year – $50,427
1 to 4 years – $56,090
5 to 9 years – $74,053
10 to19 years – $94,038
Over 20 years – $103,600
MBA Salary Factors
Of course, average salary information is just a guideline to help you know what to expect. Starting salaries could be much higher or much lower, depending on many different factors that affect salaries. These factors include:
Your school's reputation
Post-MBA role
Geographic location
Industry you are employed in
Cost of living
Pre-MBA experience
Undergraduate major
Your school's reputation
Post-MBA role
Geographic location
Industry you are employed in
Cost of living
Pre-MBA experience
Undergraduate major
MBA Salary Information
Many MBA students decide to pursue graduate degrees in order to boost their job prospects. In addition to opening up new opportunities, however, earning an MBA degree will also lead to substantially higher salaries. With an MBA degree, your earning potential will far surpass that of workers with no college education–and even those with bachelor degrees.
On average, you can expect to earn 50 percent more than you were earning before you received your MBA. That's no small incentive for furthering your education. Your investment of time and tuition will pay off in dollars, recognition and job satisfaction.
On average, you can expect to earn 50 percent more than you were earning before you received your MBA. That's no small incentive for furthering your education. Your investment of time and tuition will pay off in dollars, recognition and job satisfaction.
Thursday, August 12, 2010
Friday, August 6, 2010
Financial help and free housing to student in Saudi arab
The government's awareness of the key role of quality manpower in the social and economic development of the Kingdom has prompted it to give bountiful support to the education sector. The Saudi government provides general education for both boys and girls, through the Ministry of Education, the General Presidency of Girls Education and other specialized agencies. General education in the Kingdom consists of six years of primary school and three years each of intermediate and high school. The government provides free general and higher education (post secondary), and financial help for male and female students in some areas of general education. University students receive financial help and free housing. In addition, meals, books, and transportation are provided at subsidized prices. Female students are provided with free transportation.
Girls' education enrollments in Saudi arab
As relations with Egypt deteriorated during the 1960s, the Saudi government abandoned the Egyptian model, and proceeded to develop its own educational system. Under the leadership of Kings Faisal (1964-1975) and Khalid (1975-1982), Saudi Arabia established two five-year plans that promoted education to develop the needs of the people as a human resource through education and training and to facilitate the nation's economic infrastructure. The educational system was redesigned to accommodate an increasing number of elementary and intermediate school students. Only 50 percent of the students were permitted to enter into a general secondary education leading to a university degree. The other students were placed in teacher training and vocational and technical education programs. Girls' education enrollments were projected to reach 95 percent of the eligible population.
General Presidency of Girls' Education in Saudi arabia
The General Presidency of Girls' Education, organized in 1960, is the educational counterpart to the Ministry of Education, but for women. Elementary education for girls was started in 1961, and by 1963 girls' education was available at both the intermediate and secondary levels. The General Presidency of Girls' Education is divided into the Directorate General for General Education for elementary, intermediate, and secondary education and the Deputy General of Girls' Colleges which oversees junior college, undergraduate and postgraduate levels and specialized training institutes and technical schools in the fields of nursing, teacher training, tailoring, and adult education.
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