Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 What is salary package after completing MBA course

views
     
silverwave
post Jul 21 2014, 10:17 AM

Look at all my stars!!
*******
Senior Member
4,082 posts

Joined: Apr 2006


So how much should someone with lets say, 5 years working experience and a MBA expect in their next job? Perhaps a 5-10% increase?

Secondly, while jumping from one industry to another, is it easy? Most of the job advertisements that i've come across are asking for experience in that particular field with a statement, MBA preferred.
silverwave
post Jul 22 2014, 01:02 PM

Look at all my stars!!
*******
Senior Member
4,082 posts

Joined: Apr 2006


QUOTE(Topace111 @ Jul 21 2014, 10:23 PM)
Depends on:
1) Your working experience:
- Reputation of company (MNC, PLC or local)
- Job responsibility and position (Senior leadership, middle management or executives)
- Job scope and dimension

2) MBA credentials: If the uni is in FT100 then you can bargain with employer based on the link below:
http://rankings.ft.com/businessschoolranki...ba-ranking-2014

(However I doubt most companies in Malaysia can afford to hire those MBA grads, perhaps top 200 QS?)
http://www.topmba.com/mba-rankings/home
*
Correct me if i'm wrong but it's the bigger companies that will appreciate these top schools right?

Most people out there just want to get the certificate with the cheapest cost if they just want to work in Malaysia. I feel it's so wrong.
silverwave
post Jul 22 2014, 11:02 PM

Look at all my stars!!
*******
Senior Member
4,082 posts

Joined: Apr 2006


QUOTE(fuzzy @ Jul 22 2014, 05:26 PM)
I'm on the verge of considering an Masters for next year with around 3-4 years experience and I wouldn't even consider a jump for anything less than 20%.

Jumping industries gets harder the more senior / specialised you are unless the area of specialisation you are in is easily translatable across industries.
*
Well, to be honest, i don't think it's that easy to just get 20%. I've been just browsing through jobstreet + another few job sites and it's so hard even to get 10% more. This is if you are in the same industry.

Different industries will have different requirements and they want the experience in that field itself. This is the part i can't really see how are MBA grads allowed to apply with such requirement if they are jumping from another industry.

I do agree it gets harder once you are too specialized in a specific field.
silverwave
post Jul 22 2014, 11:10 PM

Look at all my stars!!
*******
Senior Member
4,082 posts

Joined: Apr 2006


QUOTE(KoChun @ Jul 22 2014, 10:45 PM)
I agree with you. Those stupid idiots can easily make so much more money in stronger currency markets. Malangisa.
*
Yea pay is much better out there but my point is doing a prestigious MBA should not be associated with a normal MBA in the eye of an employer. If that's the case, everyone will just pick some cheap MBA for the sake of getting the certificate.

I'm not saying it is not possible to get employers that understand the importance of doing a prestigious MBA but it's extremely niche in Malaysia.
silverwave
post Jul 23 2014, 09:18 AM

Look at all my stars!!
*******
Senior Member
4,082 posts

Joined: Apr 2006


QUOTE(fuzzy @ Jul 23 2014, 09:06 AM)
I guess it depends on the industry? I've gotten two 20% jump to my current portfolio within a year, but perhaps I might have been undervalued to begin with.. Thus far, I've not heard of many who has taken anything less than 15%, and that is also because they were desperate to leave their old position.

I'm not sure what industry you are in, but I do think with your years of experience and education, getting a 20% should be of no problem..
*
What industry are you in?

I'm with manufacturing MNC although my job is more towards product development & product management.

Trying my best to move out of this industry.
silverwave
post Jul 23 2014, 10:50 AM

Look at all my stars!!
*******
Senior Member
4,082 posts

Joined: Apr 2006


QUOTE(fuzzy @ Jul 23 2014, 09:19 AM)
I'm in Banking, specialising in Rewards smile.gif
*
That's good, banking is always better than manufacturing. smile.gif
silverwave
post Jul 24 2014, 11:54 AM

Look at all my stars!!
*******
Senior Member
4,082 posts

Joined: Apr 2006


QUOTE(Topace111 @ Jul 23 2014, 09:50 PM)
You are right, any place can offer MBA, its almost like pisang goreng nowadays.
Hence only those really stand out will attract employers attention like FT100.
Rationale is because good MBAs have very stringent requirement.
Common requirement for good MBA normally will be:
1) GMAT marks (normally >600)
2) Minimum number of working experience in large MNCs or consulting company
3) Good underlying degree

If the university doesn't prescribe such requirement, you should know the quality of their students right?
Take for example, INSEAD MBA holder from Singapore normally earn $10,000 and above. That is roughly RM25,000 per month and RM 300,000 per annum. You will hardly find any employer paying that amount unless you are a senior manager with a very established Fortune500 companies.

MBA does not give you automatic passport (common misconception). It just complements or validate your existing ability. Most go for MBA to get the alumni network. For example, Stanford, Harvard and Wharton shares a common portal where the biggest companies headhunters will go. They have exclusive right on that, that's why you don't see companies like Microsoft, Google, Oracle put jobs ads.

Most people take MBA to work overseas. Best is MBA from US. UK normally very hard to get PR there due to lack of demand but they have good scholarship programs.
*
Totally agree. smile.gif

 

Change to:
| Lo-Fi Version
0.0212sec    0.37    6 queries    GZIP Disabled
Time is now: 4th December 2025 - 03:30 AM