Top 10 MBA Job Markets based on Cost of living and Purchasing Power: US is Still Number #1 Followed by Germany & Canada

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