I just saw this report and I can't believe how low Warwick grads from their MSc programs are paid. Those are Starbucks barista-level salaries they are getting. It's also adjusted for PPP so it's not because of the countries the grads are living in.

For example,
20K GBP salary for MSc Business Consulting grads
24K GBP salary for MSc International Business grads

https://online.flippingbook.com/view/872662765/

How can anyone survive on those salaries, particularly international students who might have had to loan those amounts.

I wonder if this is normal for non-flagship programs in the UK or is this an anomaly?

Obviously the students in the UK will be earning way more. In India or China, I have no idea if £24k is a bad salary.  The key thing in the report is that the MSc is not a tool for mobility. 

The data has already been adjusted for PPP (see their note in the report).  So the 24K would (in theory) be comparable with the UK equivalent salary.  That's why FT uses PPP as I understand.  

I see a lot of international students posting in this board and they expect somehow a MSc in Marketing or Consulting or some other random business degree from a prestigious school will be worth it.  I believe that business schools' flagship programs (e.g. MBA) are definitely worth considering but I have my doubts on the value of a non-flagship MSc (even from a top business school).   Warwick is one of the UK's top business schools and imagine what the lower tier business schools' MSc students get paid.  

[Edited by MKennedy on Jul 12, 2022]

I'm a hiring manager in the UK who has recently taught MSc students at the University of Edinburgh Business School. These MSc programs are highly selective, even at Edinburgh, and the UK students are on salaries well above that level. I think that must be the case with Warwick's too. However, the number of students at Warwick finding UK roles is so small that it will have almost no impact on the global average. I have no idea how they calculated those numbers, but these data must be concealing a wider story. It's well out of line with the PPP salaries in the FT for similar programmes at similar schools.    

For example, even ten years ago MSc grads from Cass were on well over 30k. 30k is the median starting salary for UK graduates now. At Warwick University, the average for *all* MSc students (not only those in the business school) is £32k. The average for WBS MSc graduates in the UK must be much more. 

[Edited by Duncan on Jul 13, 2022]