Business school graduates with certain types of qualification have seen their salaries keep pace with inflation better than others, analysis of FT alumni survey data reveals.
While average inflation data for the eurozone indicate that prices increased 4.6 per cent from 2008 to 2011, average salaries for MBA and masters in management alumni have gone up 5.6 per cent and 5.2 per cent respectively over the same period. In contrast, EMBA graduate earnings have not kept up with increases in the cost of living. Salaries recorded in 2011 are 1.7 per cent above 2008 levels and remain below the average recorded in 2009.
Nonetheless, using information reported to the FT by graduates of European business schools three years after their degree, EMBA graduates, often the most experienced of those in the sample, were the top earners.
On average, EMBA alumni earned €103,600 ($142,429) three years after graduation, according to figures compiled for the 2011 EMBA ranking. This compares with €89,606 for their less experienced MBA counterparts, while masters in management alumni earned €46,700.
Gender income inequality persists, regardless of the type of qualification.
Between 2008 and 2011, salaries of male MBA graduates exceeded those of their female counterparts by 18 per cent. The disparity amounts to 15 per cent for masters in management graduates, and nine per cent for EMBA alumni.