MBA comes with 34% raise

Whereas a college degree was all it took to get a managerial position several years ago, it is now harder and harder to get such a job without further training courses. Under the circumstances, taking up a Master of Business Administration (MBA) has become almost one and the same thing as a career and financial jump in Romania.
An MBA graduate makes about 34% more in the first year, according to a CODECS survey presented at the “Human Resources fuel your business” seminar organised by Ziarul Financiar. The survey says Romania still has to catch up in this regard, as an MBA in the US boosts income by 80% to 100%. On the other hand, the business education market is getting ready for a radical transformation.
“The most significant trend registered in this sector worldwide is that organisations prefer to have their employees take up part-time MBAs, which do not require the students to quit their jobs. Under the circumstances, the major business schools are moving towards a change in the education system from full-time to part-time,” said Renaldo Nita, CODECS official in charge of the MBA Programme. MBA providers are also looking more at the Asian markets, and primarily to China. At the same time, schools are contemplating partnerships in order to cover as many organisational cultures as possible.
“Another trend on this market is using as few resources as possible and making higher and higher research and development investments, especially in the United States. As regards the first component, it has become quite obvious that not only the number of those working in this sector is relatively low, but also that the major schools are using about the same professors,” Nita said.