UK MBAs lose almost 25% in value over 3 years

Average MBA salaries in the UK have fallen by approximately 24% in real terms since 1999. Thats the finding of a recent survey into MBA salaries and careers carried out by MBAmatch.

NEWS RELEASE

FOR IMMEDIATE RELEASE -- Wednesday 17th December 2002

--- BEGINS ---

MBAs lose almost a quarter of their value in 3 years

Average MBA salaries in the UK have fallen by approximately 24% in real
terms since 1999. Thats the finding of a recent survey into MBA salaries
and careers carried out by MBAmatch.

Although salaries rise an average 18% upon completion of an MBA course,
the average salary of an MBA within a few years of graduation is now only
55,100 in comparison to 64,000 just 3 years ago.

Some sectors and industries however, fair considerably better than others
in terms of base salary, performance related pay and overall benefits. For
example, the survey found a difference of 37K in base salary between
those MBAs still working in Management Consultancy and those employed
within Education. UK regions also show differences in base salary, although
the South West region has now caught up with the South East.

The report also reveals an indication that base salaries of MBA graduates
from accredited and non-accredited business schools may vary by as much
as 14K.

Johann Diaz, CEO & Founder of MBAmatch, himself an MBA, comments
It is tough to see such a huge investment of time, money and commitment
drop in value by almost 25% in just 3 years. This is a clear manifestation of
the economic downturn which we in the UK have been experiencing for some
time now.

An MBA is no longer seen as an automatic ticket to higher salaries and
greater rewards. MBA graduates must now prove their worth through having
relevant past experience, high quality demonstrable achievements and
inspirational leadership skills".

Copies of the full 2002/03 MBA Salary & Career report can be purchased
online and downloaded immediately from www.MBAmatch.com

--- ENDS ---

--- NOTES FOR EDITORS ---

MBAmatch.com is an online jobs board and career infomediary for UK
and European MBA graduates and students.

The salary comparison has been calculated using adjusted figures for
2000, 2001 and 2002 i.e. the value of 64K has been multiplied by each
year's average earnings index (1.0465, 1.0452, 1.0342 respectively) to
arrive at the net present value of approximately 72,400. The difference
between this figure and 55,100 is approximately 24%.

--- CONTACT and SENDER ---

Johann Diaz
CEO & Founder
MBAmatch

Telephone:    +44 1252 627401 or +44 7713 157997(mobile)
e-mail:      johannd@mbamatch.com
web:      www.MBAmatch.com