Indian students considering an MBA abroad can benefit from knowing which countries offer the highest salaries. Looking at the top countries for the highest MBA salaries helps you find out where you could earn the most after graduation. This blog will help you choose the best country for studying and working after an MBA, ensuring that your investment in the degree pays off.
Key Highlights:
- Switzerland offers the highest MBA salaries globally, with average total compensation reaching USD 140,900 (INR 1.1 cr) per year.
- Leading consulting firms like BCG, Bain, and McKinsey offer some of the highest MBA salaries exceeding USD 250,000 (INR 2.2 cr) annually.
- Finance and investment banking roles offer the highest salaries for MBA graduates, with positions like investment bankers and private equity professionals commanding top compensation.
Top countries with the highest MBA salaries offer great earning potential. With Yocket Premium, get exclusive insights and personalised guidance to find the best program and location for your career goals. Maximise your ROI and make informed decisions with expert support from Yocket Premium.
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Table of Contents: |
Top Countries for Highest MBA Salaries
One of the top reasons students choose an MBA is for a high ROI. MBA graduates earn the highest salaries. If you have similar career goals, countries like the USA, Switzerland, Canada, France, and the UK are ideal choices. Knowing where these countries rank can help you pick the best option for a rewarding career. Here are the top 10 countries with the highest MBA salaries:
|
Country |
Average Salary |
|---|---|
|
Switzerland |
USD 140,900 |
|
USA |
USD 120,990 |
|
Canada |
USD 111,110 |
|
France |
USD 116,200 |
|
Australia |
USD 116,200 |
|
United Kingdom |
USD 122,900 |
|
Italy |
USD 101,800 |
|
Singapore |
USD 105,000 |
|
Japan |
USD 106,600 |
|
Germany |
USD 94,100 |
1. Switzerland
Switzerland is a top country for MBA, where the average base salary begins at USD 123,500. When including bonuses of USD 17,400, the total compensation for MBA graduates in Switzerland stands at a remarkable USD 140,900, making it the highest globally.
Top Recruiters After MBA in Switzerland:
|
Company |
Average Salary (CHF/year) |
|---|---|
|
UBS |
CHF 130,000 - CHF 160,000 |
|
Credit Suisse |
CHF 120,000 - CHF 150,000 |
|
Zurich Insurance Group |
CHF 110,000 - CHF 140,000 |
|
Nestlé |
CHF 100,000 - CHF 130,000 |
|
Novartis |
CHF 110,000 - CHF 150,000 |
2. USA
In second place for MBA salaries is the United States, the birthplace of the MBA. Renowned for its top-tier MBA programs, including Harvard Business School, The Wharton School, and this year’s leading institution, Stanford Graduate School of Business, the US offers exceptional salary prospects. With average bonuses of US$18,800, the overall salary for MBA graduates in the US averages an impressive US$120,900.
Top Recruiters After MBA in the United States:
|
Company |
Average Salary (USD/year) |
|---|---|
|
IBM |
161,096 USD |
|
Deloitte |
237,869 USD |
|
JP Morgan |
142,218 USD |
3. Canada
Canada ranks third for MBA salaries, with base salaries of US$100,000. Including average bonuses of US$11,300, the total annual compensation for MBA graduates in Canada reaches US$111,100. Known as an ‘energy superpower’ due to its rich natural resources, Canada is an excellent choice for those seeking opportunities in the oil and gas industry.
Top Recruiters After MBA in Canada:
|
Company |
Average Salary (CAD/year) |
|---|---|
|
Royal Bank of Canada (RBC) |
CAD 85,000 - CAD 120,000 |
|
Toronto-Dominion Bank (TD) |
CAD 80,000 - CAD 115,000 |
|
Deloitte Canada |
CAD 75,000 - CAD 130,000 |
|
Shopify |
CAD 90,000 - CAD 150,000 |
4. France
France remains a leading choice for MBA study, thanks to prestigious institutions like HEC Paris and INSEAD. The country offers remarkable post-graduation salaries, with average bonuses of US$17,700 and an overall compensation of US$116,200, making it the second-highest in Europe. Additionally, France ranks fifth globally in the Fortune Global 500, hosting 28 of the world’s largest companies.
Top Recruiters After MBA in France:
|
Company |
Average Salary(EUR/year) |
|---|---|
|
L'Oréal |
€110,000 |
|
BNP Paribas |
€102,000 |
|
Renault |
€95,000 |
|
Danone |
€100,000 |
5. Australia
Australia leads the Oceania region with the highest MBA graduate salaries, offering more than stunning beaches and wildlife. In Australia, the average MBA bonus can go upto US$17,800, after a CTC of US$116,200. Australia is also home to prestigious business schools, such as the Australian Graduate School of Management (AGSM).
Top Recruiters After MBA in Australia:
|
Company |
Average Salary (AUD) |
|---|---|
|
Commonwealth Bank of Australia |
AUD 120,000 |
|
Macquarie Group |
AUD 130,000 |
|
Westpac |
AUD 115,000 |
|
BHP |
AUD 140,000 |
|
Telstra |
AUD 110,000 |
6. United Kingdom
The UK is a major hub for MBA study, attracting students to top institutions like Imperial College Business School, Oxford’s Saïd Business School, and Cambridge’s Judge Business School. It ranks as the third-best country in Europe for MBA salaries, boasting the highest bonuses in our top 10, with an average of US$30,500. This results in an impressive overall remuneration of US$122,900. London, the capital, is the world’s second most competitive financial center, home to major banking giants such as HSBC and Barclays.
Top Recruiters and the Salary Offered after MBA in the UK:
|
Company |
Average Base Salary (GBP) |
|---|---|
|
HSBC |
£75,000 |
|
Barclays |
£80,000 |
|
Deloitte UK |
£70,000 |
|
PwC |
£65,000 |
|
Unilever |
£68,000 |
7. Italy
With an average salary of US$86,400 and substantial bonuses of US$25,400, MBA graduates can enjoy a rewarding career in Italy. Home to Europe’s 10th-best MBA program at SDA Bocconi School of Management, Italy is an attractive destination for MBA graduates, especially those interested in manufacturing. As the second-largest manufacturer in the EU, following Germany, Italy offers significant opportunities in this sector.
Top Recruiters After MBA in Italy:
|
Company |
Average Base Salary (EUR) |
|---|---|
|
Fiat Chrysler Automobiles |
€75,000 |
|
Eni |
€80,000 |
|
Luxottica |
€70,000 |
|
Pirelli |
€68,000 |
|
Telecom Italia |
€65,000 |
8. Singapore
Singapore has a population of only 5.8 million, but it’s one of the most well-funded places to work in. With average bonuses of US$22,600, the total annual compensation reaches approximately US$105,300. Ranked as the fourth most competitive financial center globally by the Global Financial Centers Index, Singapore’s dynamic and innovative environment makes it a top destination for MBA graduates worldwide.
Top Recruiters After MBA in Singapore:
|
Company |
Average Salary(SGD/Year) |
|---|---|
|
DBS |
S$32,672 - S$138,799 |
|
Standard Chartered Bank |
S$36,011 - S$200,189 |
|
Citibank |
S$31,064 - S$105,507 |
|
Accenture |
S$48,693 - S$139,688 |
9. Japan
Tokyo is the second-best city for international students. With a solid post-MBA salary average of US$80,000, it offers a rewarding experience for graduates as well. Bonuses in this Asian financial hub are notable, averaging around US$26,600 the second highest among the top 10 resulting in an overall average compensation of US$106,600.
Top Recruiters After MBA in Japan:
|
Company |
Average Base Salary (JPY) |
|---|---|
|
Mitsubishi UFJ Financial Group |
¥10,000,000 |
|
Toyota Motor Corporation |
¥9,500,000 |
|
Sony |
¥11,000,000 |
|
Hitachi |
¥9,000,000 |
|
Nomura Securities |
¥12,000,000 |
10. Germany
Germany is Europe’s largest economy and ranks among the top 10 globally for MBA salaries. Cities like Berlin, Frankfurt, and Munich are the key business hubs and MBA graduates have access to a diverse range of industries from manufacturing to automobiles. With robust bonuses averaging around US$16,900, the total annual remuneration for MBA graduates in Germany is approximately US$94,100.
Top Recruiters After MBA in Germany:
|
Company |
Average Base Salary (EUR) |
|---|---|
|
Siemens |
€80,000 |
|
Deutsche Bank |
€90,000 |
|
Volkswagen Group |
€85,000 |
|
SAP |
€95,000 |
|
BMW Group |
€88,000 |
Which Companies Offer the Highest MBA Salaries Abroad?
Many MNCS and firms have very high salaries for MBA graduates. These recruiters, be it in finance, consulting, or marketing, offer substantial bonuses with high salaries, and comprehensive benefits. This reflects their strong market positions and the value they place on advanced business skills. Here’s a look at the companies that lead the field in providing the highest salaries for MBA graduates:
|
Company |
Average salary (USD) |
|---|---|
|
Strategy& (a consulting business unit of PricewaterhouseCoopers) |
$256,400 |
|
Bain & Company |
$252,250 |
|
AlixPartners |
$250,000 |
|
Accenture Strategy |
$247,500 |
|
AT Kearney |
$247,100 |
From the Desk of Yocket
Aiming for companies that offer the highest MBA salaries can significantly boost your earning potential and career growth. By targeting these top recruiters, you can make the most of your MBA investment and advance your professional journey.
Want to discover the top companies offering the highest MBA salaries? Book a free consultancy call with Yocket experts to get personalised guidance on targeting these top recruiters. We'll help you navigate your options and make the most of your MBA investment. Schedule your call today and start advancing your career with expert advice from Yocket!
