What are the long-term salary prospects for MBA graduates in the UK?

Question

Prateeksha Manral · Accepted Answer

The long-term salary prospects for MBA graduates in the UK are generally very good.
Here&rsquo;s a simple look at what you might expect:

Right After School: Just after graduating, MBA graduates often start earning much more than they did before their degree. On average, they might earn between &pound;70,000 to &pound;100,000 a year, depending on where they work in the UK.
As They Gain Experience: As MBA graduates get more experience and move up to higher jobs, like being managers or bosses, their salaries can go up. They might start earning even bigger amounts of money.
Years Later: Over many years, MBA graduates can keep earning more money. They might get high-paying jobs that pay a lot because of their experience and the high-level jobs they have.
Extra Benefits: Besides getting a good salary, MBA graduates often get extra bonuses, shares in the company, and better health benefits, which all add up to make their pay even better.

In simple terms, getting an MBA in the UK can lead to jobs that pay very well and keep paying more as you gain more experience and move up in your job. 
This degree helps you start earning more right away and sets you up for even better pay as you go on in your career.

Anjali Rawat · Answer

The general long-term career prospects for an MBA graduate in the UK are generally excellent with growth steady but sharply progressive with experience. The average salary for most fresh graduates is generally between &pound;45,000 and &pound;80,000, depending upon the business school or industry and the exact job. Typically, within five to ten years, there is a significant jump for a person in terms of earnings. Those that advance into upper or management levels in high-paying industries such as finance, consulting, or technology, their remunerations are likely to run into amounts in the range of &pound;100,000 and beyond. In some cases, the graduates at the major firms can earn up to &pound;150,000 or more especially those who have a director post.
Another determinant of the long-term perspective is industry specialization. For example, finance and investment banking might have relatively steep salary appreciation curves compared to marketing or human resources for MBAs. Premium industries like this one are more likely to facilitate fast career advancement with bigger bonus incentives. This can lead to a huge difference in total earnings overtime. 
Then, of course, there is the city you work in. Graduates based in London tend to have greater long-term earning power because of top firm concentration and more generous salary scales in finance and consulting, for example. However, the cost of living in London is very much higher, which often counterbalances much of that benefit. So, the city you are in in the UK helps moderate salaries with a somewhat more manageable cost of living but not dramatically.
Ultimately, long-term salaries can be quite rewarding for MBAs in the UK, particularly for those who remain within industries with good salary growth prospects and assume positions of leadership.

Sarma Bhujbal · Answer

The long-term salary prospects are pretty good for MBA Graduates in UK. While most of the graduates start to bring home anywhere between &pound;45,000 to &pound;80,000, especially within five to ten years, many actually do see an upward march, especially for those who are serving in high-paid industries such as finance and consultancy.
In fact, professionals with such experience can easily take home anything between &pound;100,000 to &pound;150,000 in such sectors, especially when becoming head or in a leadership position.
Of course, location matters too; out-of-town graduates tend to earn more because the best-paid jobs tend to be concentrated there. On the other hand, London is far more expensive in which to live. In all this, long term, the trajectory is usually upward, but strong enough on any measure of earning potential over time.
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