The Spanish economy is facing a series of structural challenges that are slowing economic growth, which has a direct impact on the labor market with high unemployment rates of millions of people out of work.
However, if there is anything that seems to have weathered the latest economic storms, it is the value of a Master in Business Administration (MBA) which remains a valuable investment for those seeking to improve their employability and advance professionally in a changing economic context.
According to a survey conducted by the Graduate Management Admissions Council (GMAC)The majority of business school graduates say that pursuing an MBA master’s degree has considerably improved their professional, personal and financial situation.
GMAC data, which brings together the opinions of more than 4,600 alumni, as well as other reports from renowned business schools in Spain, confirm that obtaining an MBA continues to be a wise decision to strengthen his professional career. Professional development experts emphasize that An MBA opens new doors and offers lucrative career paths in industries such as investment banking, private equity, and strategic business management consulting.
Spanish higher education centers such as IESE Business School and ESADE Business School not only offer programs recognized for their quality, but are also among the best schools according to international rankings, reflecting the high valuation of third-level degrees MBA cycle in terms of salary increase and satisfaction. graduates.
Employability and salaries
The high employability rate is one of the main advantages of embarking on MBA studies. According to the latest IESE Business School report, 95% of graduates found employment within the first three months of completing their studies. “It is common for MBA graduates to enter the job market or improve their situation shortly after graduation,” comments the IESE admissions director. This statement highlights how specialized training in business management and administration opens doors to the job market, an achievement common to the best MBAs in Spain and programs at prestigious schools around the world.
Andrea Flores, head of global admissions and registrations at the Instituto de Empresa (IE), in an interview carried out by the media specializing in Master MBA admissions Clear admission states that “the majority of those who choose to study an MBA do so with the intention of redirecting their professional career or accelerating their development in the current field. The results demonstrate that the MBA meets these expectations, by offering students tools and opportunities that transform their professional trajectories.
In terms of economic gains, an MBA can double your salary. In elite American schools like Stanford Graduate School of Businesssome graduates earn more than $200,000 a year in industries such as consulting and investment banking. “Nearly 60% of alumni increased their median salary to higher ranks,” the GMAC survey said.
In Spain, prestigious institutions such as IESE Business School and ESADE Business School also report significant improvements in graduate salariesbut adapted to the European labor market. According to the 2022 Financial Times rankings, IESE graduates can expect a 144% salary increase three years after completing the MBA, while ESADE graduates see an even bigger increase, with an average of 151% over the same period.
Job security
On the other hand, it is also known that an MBA offers job security, which is considered a reassuring factor by many students who decide to invest time and a considerable amount of money in this type of studies in high demand. Although 13% said the degree did not provide them with greater security during the pandemic, particularly in sectors such as travel and hospitality, a good majority rate the impact of studying positively on working. their current and future functions.
In general, even without guaranteed job security, nine out of ten respondents say the experience of studying an MBA was very positive mainly because this training gave them the confidence to take on major professional challenges.
In today’s economic and professional environment, characterized by rapid change and complexity, MBA programs continually adapt to meet the demands of businesses and professionals. Most programs integrate topics such as digitalization and sustainability into academic planning. The objective is none other than prepare future business leaders to manage effectively in global contexts and times of uncertainty.
In the same spirit, subjects such as crisis management and organizational resilienceso that students obtain the most suitable qualification to face current and future business challenges. This adaptation not only responds to the different market transformation processes, but is also a true reflection of the commitment of business schools to the training of management profiles capable of promoting positive and lasting change in organizations.
With a positive return on investment reported by nearly 90% of graduates, it is undeniable that studying an MBA program is very profitable. This means that the majority of alumni consider that the benefits obtained after completing an MBA, such as higher income and better employment opportunities, fully justify the investment made, both in economic terms and in terms of professional and personal development.
