NBS graduates enjoy highest average salaries among Singapore MBA programmes
Nanyang Business School (NBS) has been ranked by the Financial Times as one of the world’s Top 35 and Asia’s Top 10 MBA programmes for the fourth straight year. In the latest Financial Times’ 2012 Top 100 Global MBA Ranking released today, the business college at Nanyang Technological University (NTU) was placed at 34th position, on the back of high salaries earned by alumni who also made good progress in their careers.
NBS’ MBA graduates charted the highest salary level compared to other Singapore MBA graduates, with an average pay of US$102,350 a year, three years after graduation. NBS’ MBA programme also ranks first in Singapore for the career progression opportunities and successful job placements offered to its graduates.
The strong endorsement by the Financial Times’ latest MBA ranking underscores anyang Business School’s stature as Singapore’s premier business school. In a separate annual ranking by The Economist, the school’s MBA programme, which kept its 69th place last October, has been assessed as Singapore’s best for eight consecutive years since 2004.
Professor Gillian Yeo, Interim Dean of Nanyang Business School said, “Our consistently strong showing in these well recognised, independent MBA rankings affirms NBS’ membership in the league of elite international business schools. The Nanyang MBA programme has been counted among the world’s top 100 since 2004 by The Economist, and since 2007, by the Financial Times.”
“We are most gratified that those who pass through our doors are reaping the benefits, enjoying good salaries, and taking up more senior positions in bigger companies. This attests to the high quality of our MBA curriculum that is closely tied to professional practice and a high degree of industry relevance,” Professor Yeo added.
For Mr Tomoyuki Suzuki, 35, who graduated with a Nanyang MBA in 2008, the degree has enabled him to successfully switch careers from business development to management consulting, while also enabling him to expand his responsibilities and earn comparatively more – an increase of about 70 per cent in his remuneration now compared to before obtaining his MBA from Nanyang Business School.
A senior consultant at Hitachi Consulting based in Tokyo, Japan, Mr Suzuki said, “The Nanyang MBA has totally helped to achieve my career goal. For the management consulting industry, having a well-known MBA degree is a vital starting point for one’s career. Without the Nanyang MBA, I would not have been able to gain a foothold in my current job, which requires broad knowledge of business, marketing, organisation management and finance. From this perspective, for those who want to change careers into consulting, getting an MBA is the right choice.”
Another Nanyang MBA graduate, Mr Matthias Scheller, 36, successfully took the opportunity to build up and expand the Customer & Shopper Marketing at the Johnson & Johnson Consumer division in Austria, which he heads. Mr Scheller said, “The MBA was an excellent opportunity to meet a new group of professionals my age and for me to develop personally. The network provided by the programme was also an essential part of my overall experience. The technical and professional skills which I was able to improve upon are as well a part of my everyday life at J&J.”
Commensurate with his higher expertise and responsibilities, Mr Scheller’s annual salary has more than doubled today three years after getting his Nanyang MBA compared to his pre-MBA days.
The Financial Times Global MBA Ranking is based upon data from business schools and their alumni. Three main areas are analysed: alumni career progress, diversity of students and faculty, and ideas generation. Rankings are heavily weighted on salary and salary increase three years after graduation. Both measures each account for 20 per cent of a school’s rank, and are considerably sensitive to the countries the school’s alumni were working in before and after the MBA programme.