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.