A recent survey on international recruiting trends was conducted by Quacquarelli Symonds (QS). The following findings were published in a New York Times article, "Bank Crisis Shifts Demand for MBA's."
- The demand for business school graduates has increased 32% in the Asia-Pacific region. This is compared to a 9% increase in North America and a 3% increase in Europe.
- The highest paying industry for MBA graduates post-financial crisis is in the field of pharmaceuticals. Recent recruits into pharmaceutical companies earned about $92,274 per year. The average salary of someone in financial services, the second highest paying industry, is $90,926.
- Across all industries, the average salary for an MBA graduate is $87,500.
- Most of the highest paid graduates hailed from European b-schools, with the exception of the Hong Kong University of Science and Technology and Duke's Fuqua School of Business which also made it into the top 10 schools with the highest salaries. The reason why these schools churn out higher paid MBAs than graduates from, say, HBS (an otherwise high ranked program) is because these programs accept students with more substantial pre-MBA work experience. When they graduate, they not only have an MBA from a top-ranked program, but have the work experience that will help move them into more senior, higher paid positions.
- Employer demand was up 24% in MBA hiring in 2010. In 2009 there was a 5% decline in MBA job opportunities.
- The QS report ranked top business schools based on the preferences of 2,145 employers. The following schools were chosen based on the value attributed to the graduates, regardless of total salary amount: Harvard Business School, Wharton, INSEAD (Fontainebleau), London Business School, INSEAD (Singapore), and Melbourne Business School.
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