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93 percent of this MBA’s graduates have doubled their salary

If you're working overseas in the corporate world, odds are that past a certain point, you'll find it difficult to progress without an MBA.

93 percent of this MBA's graduates have doubled their salary
Looking for the MBA that nine out of ten graduates would recommend to their peers? Consider HEC Paris. Photo: Supplied

This can seem an overwhelming prospect – there’s a bewildering variety of MBA courses vying for your attention. Furthermore, when and if you decide on a program, they uniformly involve a significant investment – they can cost anywhere between $60-160,000 USD, and that’s before you factor in the time and energy involved for an on-average two year programme. 

You may ask, is such an undertaking really worth it? 

Together with the leading French business school, HEC Paris, we examine the benefits completing an MBA can provide, and discuss whether it may be the right choice for you. 

A popular choice

Whether you are an employer or an employee, MBAs are popular in the corporate world. In April, a survey by the Graduate Management Admissions Council (GMAC) showed that 9 out of 10 MBA graduates recommend the qualification to others, citing the motivation it provides, the career flexibility and the ensuing job prospects as benefits. 

Employers are also big fans of MBA graduates. This year, a survey of international employers by the Association of MBAs (AMBA) revealed their attitudes towards graduates. 47 percent of surveyed employers considered themselves ‘Very Favourable’ towards MBA graduates, with another 40% considering themselves as ‘Favourable’.

Further examination of the AMBA survey reveals what exactly employers value about MBA graduates. Qualities identified in graduates, and rated most highly by employers included understanding of management principles, leadership and problem-solving skills. Time-management skills and ability with multiple languages were also considered skills that MBA graduates excelled in – especially those participating in an international programme. 

Going by this data, completing an MBA seems to be a ‘no brainer for those seeking fast career progression. The time, money and energy required to complete the qualification seem a welcome trade for the upskilling provided, and the favorability it has among employers. 

Looking for an MBA program that offers high quality teaching and a global outlook on business? Find out more about what HEC Paris offers

On the move: Undertaking an MBA can open up a world of career opportunities. Photo: Getty Images

Case Study: HEC Paris

For a better idea of how an MBA can benefit those seeking to move their career forward, let us examine one particular cohort from one program – in this case, the graduating class of 2021 from HEC Paris

First, we should identify some important information about the class. 281 participants from 50 different countries made up the 2021 cohort. 34 percent of graduates were female, and 66 percent male. Almost half of the 2021 class hailed from the Asia and Oceania regions, followed by the Americas, Europe and finally, Africa. The average years of work experience prior to embarking on the MBA was six years. The course length for an HEC MBA is 16 months – as opposed to the usual 24. 

Three months after graduating, 93% of the HEC Paris 2021 cohort had accepted a job offer. On average, in accepting those job offers these graduates almost doubled their pre-MBA salaries.

Some of the top recruiters for the 2021 cohort included Amazon, Hello Fresh, Microsoft and Deloitte – all thriving companies with an international reach.  

Of course, a higher salary isn’t everything. Job satisfaction and flexibility also play an important role for many. 79 percent of HEC graduates changed their job sector following graduation and 67 percent changed their role, demonstrating the opportunities provided by the qualification – students were able to find a role that better suited their interests and passions. 

An MBA also led to greater mobility for HEC Paris graduates. 68 percent of the cohort secured a job outside of their home country, beginning an international career and a once-in-a-lifetime opportunity for many.

93% of 2021 HEC Paris MBA graduates received a new job offer within three months of graduation – find out what set them apart from their peers

Strong connections: HEC Paris students can access an alumni network stretching across both industries and the globe. 

The sensible decision

For those wishing to progress their career, undertaking an MBA would appear to be the smart choice across a number of important metrics. 

Whether it’s an increased salary, greater career flexibility or international mobility, the data demonstrates that the 2021 graduating class of HEC Paris have enjoyed all three. 

Of course, not all MBAs are the same, and many have a particular focus, whether it be industry-specific or more focused on leadership skills. It is important to do your research before making any decision and to talk to alumni to get a better understanding of what you’re about to take on.  

For an MBA program with an international focus and a global reputation for quality teaching, you may like to consider HEC Paris. Based near an international centre of culture and commerce, students enjoy world-class teaching across sixteen months of industry experience, and are able to access a strong alumni network. The school also offers flexibility in terms of learning, with a number of delivery options to suit your schedule. One of Europe’s top three business schools, HEC Paris demonstrates excellence in MBA education. 

Choosing to undertake an MBA is not a decision to be taken lightly – but as we’ve seen, the positives can more than make up for the costs, financial or otherwise. 

Enrol in the HEC Paris MBA that unlocks significant career progression, increased salaries and international mobility for its graduates 

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IMMIGRATION

Migrant row between France and Italy caps a history of prickly relations

A war of words between France and Italy over migrants has set the scene for a testy European summit this week after the latest spat between neighbours who have had complicated relations for centuries.

Migrant row between France and Italy caps a history of prickly relations
French President Emmanuel Macron (L) and Italian Prime Minister Giuseppe Conte. Photo: AFP
Emmanuel Macron's rocky relationship with Italy's ruling populists worsened this weekend when far-right Interior Minister Matteo Salvini blasted the French president's “arrogant” stance on immigration.
   
Salvini further accused Macron of hypocrisy for criticising his hardline approach while France continues to “push back women, children and men” across the border back into Italy.
   
Macron, who argues that France has taken in more asylum seekers than Italy this year as the massive influx across the Mediterranean has slowed, hit back: “We won't take lessons from anyone.” 
   
The heated exchange overshadowed a weekend meeting in Brussels that was supposed to find better ways to handle the hundreds of thousands arriving from Africa, the Middle East and Asia since 2015. European leaders are set to meet on Thursday and Friday in Brussels to discuss the issue as well as eurozone reforms.
 
'Irresponsible': France blasts Italy but defends not taking in stranded migrant ship
Photo: AFP
   
Macron was perhaps destined to get on badly with Salvini after coming to power in an election that pitched his pro-EU centrism against the far-right populism of Marine Le Pen.
   
He won no friends in Rome last week by likening anti-migrant sentiment to “leprosy”, and compounded the row by suggesting that with arrival numbers down, Italy did not have a migrant crisis but a political one. He had already attracted Italy's ire by criticising its refusal to take in 630 migrants onboard the Aquarius rescue ship, and a Franco-Spanish proposal for “closed” migrant camps in arrival countries went down similarly badly.
   
France's ambassador to Rome was summoned this month over the row, and while Macron is heading to the Vatican Tuesday to meet Pope Francis, he is not stopping in Rome to meet Prime Minister Giuseppe Conte.
   
“The political leaders of Italy and France have not treated each other this badly since they were at war,” Aldo Cazzullo observed in the Corriere della Sera newspaper.
 
From Napoleon to Libya
 
Analysts say the chill reflects not just a clash of political worldviews but a long history of animosity.
   
The 20th century saw times of both bitter enmity during World War II and close cooperation as the neighbours worked together to build the EU afterwards.
 
Gilles Bertrand, co-author of a history of Franco-Italian relations since 1660, sees traces of centuries-old invasions by European powers, including France under Napoleon Bonaparte, in contemporary suspicions.
 
“Even though they are extremely close culturally, with ties going back to the Middle Ages — commercial, intellectual, artistic — it goes down badly when France acts superior,” said Bertrand, a professor of modern history at the University of Grenoble Alpes.
 
'I never meant to offend you': Macron tries to smooth over migrant row with Italy
Photo: AFP
   
More recently, resentment brimmed over the 2011 NATO intervention in Libya — a former Italian colony — which was heavily backed by France. 
   
“The Italians are hugely sensitive when it comes to Libya,” said Jean-Pierre Darnis, a lecturer at the University of Nice Sophia Antipolis who specialises in Franco-Italian relations. “Their reading of it is that in 2011 France intervened in Libya to dislodge them” in their former sphere of influence, he told AFP.
 
Italy also views Libya's current lawlessness — a driving force in the migrant exodus from the North African country — as the direct result of the intervention, an additional source of anger, he said.
   
The bombing campaign was before Macron's time, but soon after his arrival in power last year he aggravated tensions over Libya again by organising a spontaneous peace conference independently of Italy.
 
Photo: AFP
 
'Economic colonialism'
 
The last few years have also seen growing tensions between the neighbours over investment projects.
   
French companies invested heavily in Italy in the 1990s and 2000s, including luxury group LVMH's acquisition of the Fendi label in 2001 and Bulgari a decade later.
   
Yet the value of French takeovers since 2000 has been more than five times higher of the value of Italian takeovers in France, according to financial analysts Dealogic — leading to regular accusations of “economic colonialism”.
   
On this front, again, Macron's presidency got off to a bad start — he temporarily nationalised the STX shipyard instead of giving a majority stake to Italy's Fincantieri, reneging on an agreement between Rome and the previous French government.
   
A face-saving deal was eventually worked out to hand the Italian shipbuilder 50 percent of STX, “but it did a huge amount of damage,” said Darnis.
   
“It wiped out pretty much all of Macron's political capital in Italy,” he added.
 
By AFP's Katy Lee and Marie Wolfrom
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