The job market for people with a master's or MBA degree continues to
flourish and the professional opportunities are more diverse than ever
before. Since postgraduate training includes both a master's and an MBA, the
labor market situation adapts to both qualifications.
an employer prefers an employee with an MBA or a master's degree usually
depends on the position to be filled and the company in question. Some
companies see both qualifications on an equal footing and have no prejudices
against one or the other degree.
We are primarily looking for employees with specialized training and
relevant professional experience. Others prefer MBAs because they bring a
special attitude and a certain drive to the work. However, all employers
have an idea of the future employees in common: They should master special
skills and abilities of the respective branch, should be socially competent,
have research knowledge and the ability to find and develop new concepts and
ideas as well as motivated to do the job.
The MBA qualification has gained popularity and awareness among employers
in recent years. Current studies predict this title to be increasingly
present and widespread. Karen Dowd, an MBA recruiting expert from North
America, believes: “Wherever new trades and branches of industry arise,
there seem to be key roles for MBAs that on the one hand shape the industry
and on the other hand help companies successfully compete against each
Salaries in different industries mostly reflect the demand for employees.
The increase in salaries as a global trend is indicative of the struggle
between the best and most brilliant MBA and master graduates worldwide.
Since international companies offer higher salaries on average (around $
95,000), local companies are forced to follow this trend in order to attract
equally talented students to their own company. In general, it can be said
that the wage differentials between employees with an MBA or master's degree
and employees without a title are widening - in some industries, the average
is even around 81%.
In areas such as banking, consulting, production and marketing, untitled
employees earn significantly less. Salaries for MBA and Master graduates are
highest in North America and Europe, followed by Asia (Pacific). In Europe,
it is the UK that pays the most for an MBA or Masters. If you are
considering moving abroad to work there, it is recommended that you first
find out the nominal wages of the company and region you are targeting.
If you don't have a title, financial prospects are not as bright as with
this coveted business title. Recently, however, masters and PhD degrees have
also increased in reputation among employers. In general, postgraduate
degrees are becoming increasingly popular in international companies.
Employers are also increasingly willing to pay more financially for those
employees who have a good education with a serious background and some years
of professional experience.
With a master's degree in health and pharmacy, employees earn much more
than with a lower education. The same applies to the energy sector, the
telecommunications sector, the transport sector and other special sectors.
This trend will continue in the near future. In our globalized economy, the
demand for MBA and Master graduates will not decrease as they bring special
skills to international companies.