Post MBA Destination is an important criterion for many MBA Applicants, especially for applicants from emerging markets who look at Europe and US as potential job markets after MBA. Unfortunately, with the current economic climate in Europe, only schools with Global reputation and a pro-active career service team have successfully guided students in local job markets.
To help MBA Aspirants pick the best MBA destination based on cost of living and purchasing power, we have summarized the data from Numbeo (World’s largest database of user-contributed data with information about the cost of living and other social indicators).
We have shortlisted 14 MBA Destinations based on the number of Business Schools and mid to senior level Management positions available in these countries. From the Numbeo database, we shortlisted four factors that determine the cost of living, and the purchasing power in these countries.
The Consumer Price Index, Rent Index, Groceries Index, and Restaurants Index contribute towards the Cost of Living. Each index shows the relative price of these countries compared to New York City, which is regarded as one of the costliest Cities in the world.
For Example, a Rent Index of 31, means that the cost of renting an apartment is only 31% of the cost of renting similar apartments in New York. Likewise, other Cost of Living indices are compared.
The Purchasing power Index shows the relative purchasing capability in a Country. For example, a purchasing power index of 43 means that the inhabitants of the Country can afford to buy 57% less typical goods and services than New York City residents with an average salary. There is however an exception when you evaluate purchasing power in emerging markets. The average salary difference between an average citizen in the Country and someone in a management position is much higher in these regions.
Now let us look at each Cost of Living indices and compare Post MBA Destinations.
Here is the summary of all the indices
|MBA Destination||Consumer Price||Rent||Groceries||Restaurants||Purchasing Power|
2019 MBA Research Guide - Choose your MBA
F1GMAT's Comprehensive MBA Research Guide will teach you how to select MBA programs through a bottom-up approach.
Articulating your Post-MBA Goals and Career Path is the FIRST step. Which program will give you that hike in Salary, Switch in Career, Change in Location or Job Satisfaction?
We cover them all through our extensive analysis.
+ How to Choose the Best MBA Program: Factors to Consider
Define Post-MBA Goals
Pick your Path: Generalize or Specialize
Use Moral Algebra Method
Use Multi-Attribute Utility Theory
Understand the Top 5 Risks
Measure MBA Career Service Team's Effectiveness
Use Bookending to Calculate MBA Admission Chance
Use Net Present Value to Calculate MBA Return on Investment
Don't Fall for the Mere Exposure Effect
Best Practices to find the truth in MBA Information Session or MBA Tour
Comprehensive MBA Research Guide: Includes Top MBA Programs by 19 Specializations:
+ General Management
+ Operations Management
+ Supply Chain Management
+ Luxury Management
+ Information Systems
+ Hospitality Management
+ Leadership Development
+ Military &
+ Top MBA Program Ranking
Top 20 MBA Programs - Tuition Fee (2018)
Top 31 MBA Programs in United States – Total Cost & Salary (2017)
Top 60 MBA – GMAT and GPA (Average & Median)
Top 20 European MBA Programs - Tuition Fee, Total Cost & Salary
Top 20 European MBA Programs (Based on Actual Salary Increase)
Top 20 European MBA Programs (Short-term return on investment)
Top 20 Affordable European MBA Programs
Top 10 MBA in UK – Salary & Fee (2018)
Top MBA Destinations Based on Happiness Index
Top MBA Destinations based on Innovation Index
Top 10 MBA Job Markets based on Cost of living and Purchasing Power
Top MBA Destination: By Economy
+Comparisons - Top MBA Programs
Wharton vs. Columbia MBA (2018)
MIT vs. Stanford MBA (2017)
Haas vs. Ross MBA (2018)
Kellogg vs Ross MBA
Booth vs Wharton MBA
MIT Sloan vs Tuck MBA
IMD vs. INSEAD MBA (2017)
IIMA vs. ISB (2017)
+ MBA in France (2018)
Top Industries in France
Top MBA Programs in France
+ MBA in the UK (2018)
Top Industries in the UK
Top MBA Programs in the UK
Scholarships in the UK