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93 percent of this MBA’s graduates have doubled their salary

If you're working overseas in the corporate world, odds are that past a certain point, you'll find it difficult to progress without an MBA.

93 percent of this MBA's graduates have doubled their salary
Looking for the MBA that nine out of ten graduates would recommend to their peers? Consider HEC Paris. Photo: Supplied

This can seem an overwhelming prospect – there’s a bewildering variety of MBA courses vying for your attention. Furthermore, when and if you decide on a program, they uniformly involve a significant investment – they can cost anywhere between $60-160,000 USD, and that’s before you factor in the time and energy involved for an on-average two year programme. 

You may ask, is such an undertaking really worth it? 

Together with the leading French business school, HEC Paris, we examine the benefits completing an MBA can provide, and discuss whether it may be the right choice for you. 

A popular choice

Whether you are an employer or an employee, MBAs are popular in the corporate world. In April, a survey by the Graduate Management Admissions Council (GMAC) showed that 9 out of 10 MBA graduates recommend the qualification to others, citing the motivation it provides, the career flexibility and the ensuing job prospects as benefits. 

Employers are also big fans of MBA graduates. This year, a survey of international employers by the Association of MBAs (AMBA) revealed their attitudes towards graduates. 47 percent of surveyed employers considered themselves ‘Very Favourable’ towards MBA graduates, with another 40% considering themselves as ‘Favourable’.

Further examination of the AMBA survey reveals what exactly employers value about MBA graduates. Qualities identified in graduates, and rated most highly by employers included understanding of management principles, leadership and problem-solving skills. Time-management skills and ability with multiple languages were also considered skills that MBA graduates excelled in – especially those participating in an international programme. 

Going by this data, completing an MBA seems to be a ‘no brainer for those seeking fast career progression. The time, money and energy required to complete the qualification seem a welcome trade for the upskilling provided, and the favorability it has among employers. 

Looking for an MBA program that offers high quality teaching and a global outlook on business? Find out more about what HEC Paris offers

On the move: Undertaking an MBA can open up a world of career opportunities. Photo: Getty Images

Case Study: HEC Paris

For a better idea of how an MBA can benefit those seeking to move their career forward, let us examine one particular cohort from one program – in this case, the graduating class of 2021 from HEC Paris

First, we should identify some important information about the class. 281 participants from 50 different countries made up the 2021 cohort. 34 percent of graduates were female, and 66 percent male. Almost half of the 2021 class hailed from the Asia and Oceania regions, followed by the Americas, Europe and finally, Africa. The average years of work experience prior to embarking on the MBA was six years. The course length for an HEC MBA is 16 months – as opposed to the usual 24. 

Three months after graduating, 93% of the HEC Paris 2021 cohort had accepted a job offer. On average, in accepting those job offers these graduates almost doubled their pre-MBA salaries.

Some of the top recruiters for the 2021 cohort included Amazon, Hello Fresh, Microsoft and Deloitte – all thriving companies with an international reach.  

Of course, a higher salary isn’t everything. Job satisfaction and flexibility also play an important role for many. 79 percent of HEC graduates changed their job sector following graduation and 67 percent changed their role, demonstrating the opportunities provided by the qualification – students were able to find a role that better suited their interests and passions. 

An MBA also led to greater mobility for HEC Paris graduates. 68 percent of the cohort secured a job outside of their home country, beginning an international career and a once-in-a-lifetime opportunity for many.

93% of 2021 HEC Paris MBA graduates received a new job offer within three months of graduation – find out what set them apart from their peers

Strong connections: HEC Paris students can access an alumni network stretching across both industries and the globe. 

The sensible decision

For those wishing to progress their career, undertaking an MBA would appear to be the smart choice across a number of important metrics. 

Whether it’s an increased salary, greater career flexibility or international mobility, the data demonstrates that the 2021 graduating class of HEC Paris have enjoyed all three. 

Of course, not all MBAs are the same, and many have a particular focus, whether it be industry-specific or more focused on leadership skills. It is important to do your research before making any decision and to talk to alumni to get a better understanding of what you’re about to take on.  

For an MBA program with an international focus and a global reputation for quality teaching, you may like to consider HEC Paris. Based near an international centre of culture and commerce, students enjoy world-class teaching across sixteen months of industry experience, and are able to access a strong alumni network. The school also offers flexibility in terms of learning, with a number of delivery options to suit your schedule. One of Europe’s top three business schools, HEC Paris demonstrates excellence in MBA education. 

Choosing to undertake an MBA is not a decision to be taken lightly – but as we’ve seen, the positives can more than make up for the costs, financial or otherwise. 

Enrol in the HEC Paris MBA that unlocks significant career progression, increased salaries and international mobility for its graduates 

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ELECTION

Danish politicians congratulate Macron on French election victory

Danish politicians across the political spectrum have congratulated French President-elect Emmanuel Macron and offered their support following the En Marche candidate’s convincing win in Sunday’s election.

Danish politicians congratulate Macron on French election victory
France's new President-elect Emmanuel Macron. Photo: Eric Peferberg/AFP/Scanpix Denmark

Several of the Danish politicians used words like ‘hope’ and ‘cooperation’ in social media reactions to the French election

Others expressed relief at what they said was the best result for a united Europe, after Macron defeated far-right Front National candidate Marine Le Pen.

“We can achieve more together than on our own. Looking forward to our cooperation,” wrote Prime Minister Lars Løkke Rasmussen on Twitter.

Congratulations Emmanuel Macron! We must strengthen free trade, growth, employment and security in the EU and continue our military cooperation,” wrote foreign minister Anders Samuelsen.

The nationalist, EU-sceptic Danish People's Party's foreign policy spokesman Søren Espersen was also quick to congratulate Macron on Twitter, writing that he hoped the election of the 39-year-old pro-EU centrist would be “of benefit for the great, admirable French people.”

But the leader of Espersen's party , Kristian Thulesen Dahl, did not hide his regret at the defeat of fellow populist Le Pen, writing on Facebook that the EU's leadership had “got its man elected”.

“Now they are setting up for more EU and less nation-state. As well as a tough position against the British, so that they feel punished for leaving the EU,” Dahl added.

Denmark's opposition parties were broadly positive in their reactions to Macron's victory, with the Social Liberal (Radikale Venstre) leader Morten Østergaard writing the France had chosen “the future instead of the past. Hope instead of fear. Cooperation instead of isolation. Macron instead of Le Pen.”

Uffe Ulbæk, leader of the green Alternative party, also expressed his enthusiasm for the French result.

 

Nick Hækkerup, foreign policy spokesperson with the Social Democrats, Denmark's largest party in opposition, wrote that the best thing about the outcome in France was the “victory over nationalist populism” that had seen success elsewhere in Europe and the United States.

READ MORE: The Local France's extensive coverage of the French presidential election