What affects MIM salary?

Question

Anjali Rawat · Accepted Answer

Several factors influence the MIM salary. At the top is the reputation of the institution you graduated from. Graduates from top-ranked schools typically secure higher-paying positions due to the prestige associated with their degrees.
Next comes your chosen industry. Sectors like consulting, finance, and technology generally offer more lucrative starting salaries compared to fields like education or non-profits.
Geographical location matters as well. Graduates working in regions with higher costs of living, like the United States, United Kingdom, or major European cities, tend to earn more. Conversely, salaries in developing countries or smaller cities are lower.
Work experience prior to the MIM program also boosts earnings, as companies highly value candidates with practical knowledge over those fresh out of school. 
Finally, personal networking and internships during the program can open doors to higher-paying job offers, especially if students connect with industry leaders.

Prateeksha Manral · Answer

The salary you earn post-MIM varies based on several factors. For example, the prestige of your university&mdash;graduates from well-known schools usually attract better salary packages due to the value associated with their degree.
The industry you choose also affects your income. Fields like management consulting, investment banking, or tech startups offer more competitive salaries than non-profit sectors or small enterprises.
Location is another key factor. Jobs in major financial or tech hubs like New York, London, or Singapore typically offer higher pay due to the cost of living and competition for talent.
Besides these, your prior work experience, networks with industry leaders, and skills gained during internships also add to your earning potential.

Abhiyudaya Chauhan · Answer

There are multiple factors impact MIM salary depends on first the prestige of your business school matters. Graduates from top-ranked programs like INSEAD or ESCP Europe are often offered higher starting salaries. 
Industry selection is crucial as well&mdash;fields like consulting, finance, or tech tend to pay more, with consulting often offering starting salaries upwards of &euro;70,000.
Geographic location plays a big role in salary variations. Countries like Germany, Switzerland, or the US provide higher salaries compared to regions in Asia or Eastern Europe. Graduates working in cities like London or New York often have better compensation packages due to higher living costs.
Moreover, internships or relevant work experience gained before or during your program can significantly improve salary offers, helping you stand out in competitive fields.