What is the salary of fresher in MiM?

Question

Prateeksha Manral · Accepted Answer

The salary of a fresher with a Master in Management (MiM) degree can vary based on several factors, including the country of employment, the industry, and the reputation of the business school. On average, MiM graduates can expect the following starting salaries:

Europe: In Europe, fresh MiM graduates often see starting salaries ranging from &euro;40,000 to &euro;60,000 annually. Countries like Germany, France, and the UK generally offer higher salaries within this range.
United States: In the U.S., MiM graduates can expect starting salaries around $60,000 to $80,000 per year. The figures can be higher in major cities or in sectors like consulting and finance.
Asia: In Asia, starting salaries for MiM graduates typically range from $30,000 to $50,000 annually. Countries like Singapore and Hong Kong might offer higher salaries compared to others in the region.
Industry Variations: The industry you choose to work in significantly affects your starting salary. Consulting, finance, and tech industries usually offer higher starting salaries compared to sectors like marketing or human resources.

It's important to note that these figures are averages and actual salaries can vary widely based on individual qualifications, company size, and economic conditions. Additionally, graduates from top-ranked business schools generally command higher starting salaries compared to those from less prestigious institutions.

Mohit C · Answer

The average salary of a graduate of MiM is anywhere from $50,000 to $70,000 depending on various parameters like school, location, and specific industry. Still, the ones finishing from top European schools like HEC Paris, London Business School (LBS), and ESSEC usually get paid much more. In some cases, the salaries even touch the 70,000 mark or above, especially if they are in consulting, finance, or technology.
However, such figures may vary significantly. The basic pay for graduates in Europe or Asia might be on the side of the lower figures, while certain sectors and top firms might attract a much higher compensation for someone placed in markets considered highly competitive.