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Will an MBA get me a better paid finance job?


We have examined salary data from 1,650 London employees in front office banking


A leg up: At Associate and VP level, MBAs clearly give pay packages a boost with a 16k gap for Associate narrowing down to 7k for VPs

... only for a while:Beyond VPs surprisingly the trend reverses to show that non-MBA holders go on to earn more than Directors and MDs.


It's not all about the money: those with MBAs show resilience when it comes to rising through the ranks and being promoted. Do MBAs make better leaders? This is what could be inferred from the striking fact that 21% of MDs hold MBAs vs. only 10% of Associates.


Total salary of MBA and other degrees holders :

AssociateVPDirectorMD
MBA102,000148,000242,000423,000
Other degrees85,000141,000243,000506,000


MBA_holders_finance

 

Emolument provides bonus and salary statistics based on data submitted directly by professionals like you. It is free, anonymous, and already a trusted tool for thousands of professionals worldwide. Are you paid enough? Click here to find out now.


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