Forum: General Forum (2 Comments)
MIM graduates' salary difference
Posted by - wifeng - on 5 July 2015 - 11:18pm
I'd like ask a queston, I've heared tthat those MIM graduates who are from non-business background receive less less salary in comparison with those who are from business background. Is that true?
Posted by - Thomas Graf - on 6 July 2015 - 10:19am
My quick answer is "No" because there is no automatism that "all" MIM graduates with a business background receive a higher salary than "all" MIM graduates without a business background. Imagine that a MIM graduate with a business background works for a small startup afterwards compared to a graduate without a business background who works for an infestment firm. Guess who earns more money?
Some MIM graduates with a business backround may earn more money than graduates without a business background, however, because:
- They may have earned more money anyway, even without the MIM, simply because business graduates often have access to better job offers than someone who studied humanities etc.
- People with a business background can study a MIM program that explicitly requires a business degree. These MIM programs can go much deeper regarding the business education because they do not need to start teaching business from the scratch (as MIM programs that are open for non business graduates).
In our Global MIM Survey we did not find a statistically significant correlation between the salary and whether a graduate came from a MIM program that required a business degree or not. And the reason may be that there are so many opportunities for MIM graduates without a first degree in business to earn money that potential advantages of a business degree may be eroded over the years.
By Thomas Graf
Owner MIM Compass
Author of the MIM eBook