Fresh MBA graduates in Spain can expect remuneration packages totalling almost US$100,000, new research by QS shows.
Signalling that employers remain faithful in the advantages of hiring MBA graduates even during tougher economic climes, the QS TopMBA Jobs and Salary Trends Report reveals that Spanish MBA employers expect to pay average salary and bonus packages of US$97,600 per annum.
In the wider western European region, availability of MBA jobs appears promising too, with the report finding that employment prospects have increased by 5% in the past 12 months, and are expected to again by a further 2% in the coming year.
The report’s findings place Spain’s average MBA graduate salaries on par with those found in economies such as Canada, Hong Kong, and France, while vastly exceeding average MBA remuneration packages found in Spanish speaking countries in Latin America.
Canvassing thousands of MBA employers around the world each year, the QS TopMBA.com Jobs and Salary Trends Report provides unrivalled insight into global MBA job availability and average salary data.
According to average salary data in the report, there’s further good news for Spanish nationals considering enrolling on an MBA, as well as European and international applicants thinking of sending a business school application to a European institution.
With relaxed working visa regulations between EU countries, those MBA graduates with a legal right to work in Europe will be able to take advantage of even greater average remuneration packages found in other European countries.
Switzerland for instance reports the highest average MBA compensation in Europe of almost $140,000 - the second highest average MBA salary in the world, after Australia. Meanwhile, average MBA compensation in the UK totals over US$107,000.
“The sovereign debt crisis hitting the euro zone is not stopping companies actively recruiting MBAs in Europe, driven by the high number of multinational companies in the region, which actively target MBAs,” explains Nunzio Quacquarelli, managing director of QS Quacquarelli Symonds and author of the report.Top of Form
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