MBA Salary in UK
Amazon, Bain and Company, Apple, Boston Consulting Group, Mckinsey, Citigroup, JP Morgan, Goldman Sachs, and Morgan Stanley are top recruiters in the UK. Since the salary offered is high, international students overall investments are easily compensated over a short period of time.
The highest income in the UK comprises of –
- CEO and Senior Officials
- Promoting and Sales Directors
- IT Director
- Financial Managers and Directors
- Advertising and Public relations Directors
A degree in business-related programs and a few years of experience fits the minimum requirements of the jobs mentioned.
Also Read – 10 Dos And Don’ts For Salary Negotiations
Besides the degree, employers scout for leadership abilities. An MBA degree can help you gain more information about a specific area along with management and administrative skills.
Therefore, the degree helps to gradually move up to the jobs.
Estimate the value of your degree –is an MBA worth it?
Payscale projects an average salary of approximately. £53,351 for an MBA graduate in the UK. Some of the job roles graduates earn most are:
|Highest paying jobs after MBA in UK||Average Salary after MBA|
|Chief Executive Officer (CEO)||£96,000|
|Business Development Manager||£44,000|
Also Read – Top 50 Most Common Job Interview Questions
Companies in the UK that hire MBA Graduates
Below are top companies hiring MBA graduates in the UK:
|Top organizations (in UK)||Average Salary after MBA|
|JPMorgan Chase & Co.||£39,000-£145,000|
Below is a graphical image from business schools in the UK representing the salaries and tuition fees offered to MBA graduates.
Impact of COVID-19 Pandemic on MBA in UK
According to GMAT test-taker data, the GMAT score sent by candidates to European Business schools shows sustainable growth till 2019.
With COVID – 19, international students are concerned about the 60 % travel restrictions. Adding on, there is a 48 % job market trailed by investments in education and career advancement. Institutions in the UK are addressing the major prevailing concerns of the present batch to future students.
An example, Imperial College London has encouraged future students to connect with the international team for any difficulty in getting or renewing their Visa. The college assesses delays of Visa and according allows students to resume classes later.
The University of Manchester has also extended the period for international students to submit their official documents.
COVID – 19 is crippling but colleges in the UK are trying hard to get through. While employers are positive that the hiring projection will bounce back in 2021 along with graduate managerial skills. The expected salary for an MBA graduate is set at around $105,000.
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