MBA Salaries in North America

Tuesday, November 14, 2017 at 1am

North America boasts the highest MBA salaries in the world for the 6th year running - this year topping the chart in our Jobs & Salary Trends Report 2018 with an eye-watering average of US$98,900 (or US$116,300 when bonuses are included).

Like other regions around the globe, this shows a significant recovery from the last couple of years when wages dipped. However, while the basic salary has increased by 8% this year, total packages with bonuses factored in have actually slightly decreased by 2% - and is dramatically less than the record US$132,400 figure seen in 2014.

The region has also seen an increase in MBA demand, which, while not remarkable, still exceeded last year’s prediction. Future demand predictions are optimistic but reserved - the unpredictable political situation has almost certainly had an effect on the results. Unsurprisingly, the technology industry has seen the highest demand growth this year at 22%; demand in financial services has increased by 4%, and in consulting and professional services it has grown by 7%. The future also looks bright, with a forecasted increase in MBA demand across all industries averaging 10%.

Economic influences

Despite hope that a Trump presidency might result in increased economic growth in the USA, the reality has been different. The IMF lowered economic growth forecasts for the USA both for this year and the next. The cause of this downturn was ‘uncertainty’ over some of the White House's fiscal policies. Undoubtedly, this has affected forecasted predictions for recruitment in the nation, nevertheless, the originator of the degree is still a popular destination for MBA graduates.

In Canada the picture is very different. The country is the top G7 economy this year and has continually beaten economic predictions. The IMF has upgraded its global economic forecast to 3.7% for 2018, so the prospects are bright for MBAs north of the border.

look out for news on MBA salaries in Asia Pacific.

Written by Amelia Hopkins

Amelia Hopkins is a writer for TopMBA, covering the latest news in business and business education.
A graduate of the University of Leeds and Yorkshire native, she enjoys reading, travelling and talking
incessantly about the countryside.

Originally posted on www.topmba.com

 

In other news

  • Master’s in Business Analytics v MBA: What’s Different?

    When Renu Khokhar applied to business school it was not the flagship MBA program that piqued her interest. Instead she opted for a new and rapidly-growing course: business analytics. “I don’t think an MBA is necessary to make it to the top brass,” says Khokhar. “Companies realize they can increase their profits and performance with d.. Read more >>

  • Digital Business: Transforming the workplace

    As the need to differentiate business becomes even more critical, so too is your organization's ability to leverage and manage information as an asset. Business transformation can be defined as the relationship between strategic vision and operational execution. One can't succeed without the other, yet few of us are comfortable in both camps. Digital busine.. Read more >>

  • How Israel Became the Startup Nation of the World

    If the sparkling coastline, blue skies and world-renowned food scene aren’t enough to convince you to book a one-way ticket to Tel Aviv, take note: Israel is the startup nation of the world. Entrepreneurship has become the national pastime in Israel, with hundreds of venture capital firms and thousands of startups, shared working spaces and startup ac.. Read more >>

Follow our link

Latest Tweets