Xxxxxx XxxxxxxxxEditorial
postgrXXXXXXXXXaduate
The career
Sometimes the list of postgraduate business courses
available can seem as confusing as Spaghetti
Junction. For the graduate keen to enter the
trajectory:
challenging and potentially lucrative business world,
the task can seem daunting at first. Should you be
thinking about an MBA, and if so what about a
MBA or
specialist course such as an MBA in Oil and Gas or Wine
Management? is an MSc a better option for you and if
so, what to specialize in? Finance? international
Masters?
Management? What if your future lies in Phd territory?
Which of these would serve you best?
By Ross Geraghty, Editor of the TopMBA Career Guide
C
ity institutions such as banks and management consultancies are Average reported salaries in EU and North America at different levels of higher
proactively taking the lead on business education by telling the top education (US$)
business schools what they expect from their new young leaders and
4 yrs Exp Masters PhD MBA
managers. And it is clear that they increasingly require an educated workforce
(No masters)
that can hit the ground not just running, but accelerating.
Consulting / Prof. Services $66,271 $48,500 $64,953 $101,137
Simultaneously, business school graduates are seeing an increase in
demand year on year. The benefits are available to all parties. Figures recently Energy $66,461 $50,325 $60,851 $84,701
released by
topmba.com, the world’s leading postgraduate business school
research, show that salaries and bonuses for graduates are accelerating away
Financial Services / $80,236 $43,176 $65,682 $89,169
from those who do not have the comparable qualifications.
Banking
FMCG $54,898 $39,723 $50,111 $80,209
Manufact. / Automotive $70,013 $46,720 $66,309 $90,435
Media / Entertainment $63,745 $45,430 $60,390 $97,295
Pharma. / Healthcare $74,999 $54,321 $71,847 $96,014
Travel / Leisure $61,508 $33,550 $59,272 $86,523
Telecoms / High Tech. $74,378 $42,230 $68,480 $106,142
Transportation / $60,706 $4,376 $57,853 $82,993
Distribution
source:
topmba.com recruiter survey 2008
Almost all good undergraduate degrees can prepare you for postgraduate
business study. Schools are taking proportionately fewer people with business
as their first degree and are utilizing the diversity available in courses from
engineering to medicine, law to humanities. The key question for the aspiring
business postgraduate should be: Which direction is best for me?
You should be thinking about what is often referred to as ‘career trajectory’ as
early as possible, but don’t forget that this will not commit you exclusively to
whatever decision you make; you can change tack whenever you want. A large
chunk of people with PhDs never considered such an undertaking until well into
62 TopMBA CAreer Guide
www.topmba.com
MBA_FALL_08_pp_002-065.indd 62 13/8/08 14:05:37
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