The salary package is one of the most critical factors that a candidate considers while applying for an MBA program. Aspirants investing their time, money, and resources in an MBA program expect a decent return on investment. This blog will focus on the IESE MBA salary package, sector-wise salary distribution, and salary trends across different locations.
Average Graduate IESE MBA Salary
The average salary is an important factor for MBA graduates to consider when choosing a business school. According to the 2021 employment report, the average graduate salary for IESE MBA graduates is €87,613. This figure is a testament to the quality of the education and experience that IESE provides to its students.
The average graduate salary is an important indicator of the ROI (return on investment) of an MBA program. While the cost of an MBA program can be high, the potential for increased earning power is one of the main reasons why many people choose to pursue an MBA. The high average graduate salary at IESE suggests that the investment in an MBA from this school can be worth it in the long run.
It is also worth noting that the average graduate salary can vary depending on several factors, including the sector in which graduates find employment and the location of their jobs. IESE MBA graduates have a wide range of career paths to choose from, with opportunities in consulting, finance, industry, and technology sectors.
IESE MBA Salary: Sector-wise
IESE MBA graduates are highly sought after by employers across a range of industries, and the data from the 2021 employment report reflects this. Here are the top 5 sectors for IESE MBA salaries:
1. Consulting
IESE MBA graduates who join the consulting industry receive the highest average salary of €93,981. This sector is highly competitive, but also highly rewarding for those who are successful. Consulting firms typically hire MBA graduates for their problem-solving skills, business acumen and ability to communicate effectively with clients.
2. Finance
One of the highest paying industry for IESE MBA graduates is finance, with an average salary of €83,998. Graduates who enter this industry typically work in investment banking, private equity or corporate finance roles. These roles require a strong understanding of financial analysis, valuation, and risk management, and the ability to work in fast-paced and high-pressure environments.
3. Industry
The industry sector offers IESE MBA graduates an average salary of €82,235. This sector includes roles in manufacturing, engineering and logistics, as well as general management positions in a variety of industries. Graduates who work in this sector are typically responsible for overseeing operations, managing teams, and driving growth and profitability.
4. Technology
IESE MBA graduates who join the technology industry receive an average salary of €86,051. This sector includes roles in software development, product management and business development. Graduates who work in this sector need to be highly innovative with a deep understanding of the latest technologies and trends.
5. Consumer Goods & Retail
The fifth-highest paying industry for IESE MBA graduates is consumer goods and retail, with an average salary of €78,367. This sector includes roles in marketing, sales, supply chain management and general management in companies that produce or distribute consumer goods. Graduates who work in this sector need to be highly skilled in marketing, sales strategy and supply chain management.
IESE MBA Salary Across Different Locations
The IESE MBA program is known for its global network and diverse student body, which makes it a popular choice for students from all around the world. As such, the program opens up opportunities for students to work in various locations after graduation. The average IESE MBA salary also varies depending on the location.
Here's a list of locations along with their average salaries according to the 2021 employment report:
- North America: The average salary for IESE MBA graduates in North America is €116,615, making it the highest paying region. This is due to the strong presence of top consulting firms and investment banks in the region, along with high-growth startups.
- Asia Pacific: IESE MBA graduates in the Asia Pacific region earn an average salary of €98,417, making it the second-highest paying region. The region offers plenty of opportunities in emerging markets and technology firms, along with established multinationals.
- Europe (excl. Spain): The average salary for IESE MBA graduates in Europe (excluding Spain) is €93,121. The region offers diverse opportunities across industries and sectors, with a strong focus on consulting, finance and technology.
- Latin America: IESE MBA graduates in Latin America earn an average salary of €78,063. The region is known for its vibrant startup ecosystem and is a hub for industries such as agriculture, mining, and oil and gas.
- Spain: The average salary for IESE MBA graduates in Spain is €67,305, making it the lowest paying region. However, many graduates choose to stay in Spain due to its strong economy, high quality of life, and cultural attractions.
Despite the variation in salary across different locations, IESE MBA graduates are well equipped to work in various locations thanks to the program's global network and emphasis on international business. The program also provides opportunities for students to participate in international exchange programs and global modules, allowing them to gain valuable experience in different countries and cultures.
Other Opportunities Along With Salary
In addition to a competitive salary, IESE MBA graduates also have access to a range of other opportunities that can further enhance their career prospects. One such opportunity is the alumni network which boasts over 45,000 members across 130 countries. This network can provide valuable connections and mentorship opportunities for graduates.
Additionally, IESE offers career development services such as personalized coaching, recruitment events and access to job postings. Another opportunity for graduates is the chance to participate in social impact initiatives which can help them make a positive difference in the world while also building their skills and network.
Finally, some graduates may choose to pursue entrepreneurial ventures, either through IESE's own Entrepreneurship and Innovation Center or through other resources available to them. These opportunities combined with a competitive salary definitely make the IESE MBA a valuable investment in one's future career.
Conclusion
The IESE MBA program offers a decent return on investment in terms of the salary package, sector wise salary distribution and salary trends across different locations. The program also provides several other opportunities like international exposure, networking and skill enhancement. Therefore, the IESE MBA program is an excellent choice for aspirants looking for a high paying career in the business world.
