UAE MBAs expect a 271% pay-hike this year

A majority of MBA hopefuls and those who study in a business school slog it out in such prestigious institutes with one firm belief – that they’ll land a good pay package once they have their degree in hand and good increments and hefty bonuses as they progress in their careers.

Then came the Great Recession of 2008, or whatever you might tag it, and the MBAs seemed the worst hit. Those with a degree in finance and an MBA to boot were held responsible for bringing down the world economy single-handedly. As a result of the economic slowdown, the MBAs saw themselves stuck in a career rut.

But with the word economy back on track, or at least making a concerted effort to get back on track, the lull phase in the life of those who graduated from B-schools seems to be over.

MBAs are back in demand, salaries are going up, campus placements are taking place and, best of all, the confidence level of MBA degree-holders is soaring once again, perhaps just too high.