The collapse of the british pound means that American MBA programs have widened the gap in post-MBA salaries.



Oxford's latest average MBA salary for UK placements is £75,587, while for Cambridge it's £73,025. That's equivalent to USD$83,661 and $80,825 at today's exchange rate, respectively. Those salaries are lower than all top 50 US schools.

[Edited by MKennedy on Oct 11, 2022]

I think you miss a few points. First, not all Oxbridge MBAs are paid in pounds. Second, those who earn pounds tend to pay in pounds: the purchasing power only declines when converting to to USD. Third, an Oxbridge MBA working in a British city might have lower costs than one in the US because of lower spending on healthcare, air conditioning, car ownership, etc. 

The vast majority of post-MBA jobs (IB/consulting and high-paying jobs in general) are in London, where MBAs are over-represented.  Most international students who make up the vast majority of Oxbridge MBAs do not dream of working in Chester.  

If you could show any reference that says London is cheaper than most US cities, I will concede your point.  Healthcare is also not a big issue for US MBAs since all major companies include healthcare as part of benefits packages to employees.  Energy and fuel costs are significantly cheaper in the US, making airconditioning and car ownership more affordable than in the UK.  

My point is not that the US is better than the UK (or any other country) as there are many other factors that make a place worth living (e.g. family, low crime rates, social policies, etc).  My point is that in terms of MBA compensation (both in nominal and real terms), the US schools are now really far ahead of anything the UK (or even any European school) can offer.   It is what it is (I myself do not live in the US).  

It doesn't seem to be the case that most Oxbridge MBAs work in London, or even in the UK. Around 1200 Said alumni with MBAs on LinkedIn are in the UK, compared to 3100 overall.