Salary for American MBA
Hello everyone! I'm an American student currently doing an MBA at one of the top schools in Europe. I've been considering Qatar as a possible destination once I finish my studies in a few months and wanted to know what the salaries are like over there. I've looked around but most of the salaries I find for MBAs are extremely low 10k - 20k and are for Indian nationals. I wanted to know how much an American citizen can expect to make over there? I have about 4 yrs of experience working in finance and also in the tourism and hospitality sector. Essentially, the minimum I could afford to take would be about 35k (riyals) per month. If I do start applying to companies in Qatar, how much should I ask for and also are companies there willing to pay more for top schools/ American citizens?
Thank you in advance!
Basically, an MBA from a top ranked school means a guarantee of quality since the admissions standards are so high. It also means a much stronger alumni network since most of the students there are top performers from their respective countries. In the United States, companies hire "Harvard", "INSEAD", or "Stanford", because they know this. Simply stated, 20k is way too low because I can make double that working in America. If you look at starting salaries from top schools you will see that. If an employer will compare me to someone that graduated from an MBA program that isn't even ranked in the top 100 worldwide, then clearly that employer doesn't value what I bring to the table. Essentially, any company that wants to hire me, or any other graduate has to pay a competitive salary. If an Indian MBA is willing to work for 20k a month that's fine for him, but an American MBA would never do that because the cost of an MBA at a top school in Europe is $50-100k in Europe and $100-150k in America. Making 20k a month would be significantly less than what is on offer in the west and nowhere near what a person would need to make in order to have a decent return on investment. That should answer your question.
Why should you be paid more than an Indian who can do the job just as well?. Salary depends on the demand for the role that is on offer. Finance is an area where there are so many people qualified and can be hired on lower salary. So I don't think you will get 35K.