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Income gap broadens for MBA holders
23/5/2005 16:23

Wendy Zhang/ Shanghai Daily news

MBA (Master of Business Administration) holders are proving popular with top foreign-invested enterprises, and their income gaps are increasing, according to the Cheung Kong Graduate School of Business (CKGSB), as cited in today's Youth Post.
The first group of CKGSB's MBA holders who entered the school in 2003 had annual incomes ranging from 47,400 yuan to 610,000 yuan (US$5,711 - US$73,500), with an average yearly income of 227,950 yuan.
This group of MBA holders, aged 29 on average, are older than those in other MBA schools as they have an average of five year's work experience, said Li Xiujuan, deputy chief with CKGSB.
With a growing demand for MBA holders this year, many graduates of CKGSB have been recruited by such renowned multinationals as 3M, IDG and L'Oreal Group, Li pointed out.
Students shouldn't pay too much attention to the salaries of their first job, for they can expect to enter large companies with more opportunities to develop, she added.