5. Australia
Salary in 2017 (USD): 116200.00
Salary Growth (%): -0.05
GDP Growth Rate (%): 2.21
Cost of Living Index: 80.66
Australia has been a bright performer in terms of education destination for international students. Its institutes have consistently ranked higher in the global surveys. It has shown a strong economic performance and has taken steps to focus on tourism and real estate, whereas moving away from resources based economy. This would generate high demand for candidates with formal education in business management.
Furthermore, Australia which ranks 5th on our list of highest paying countries for business majors, has taken steps towards increasing its intellectual capital and has promoted immigration-related employment opportunities in high skilled professions like management and strategy. Also to support a booming real estate sector which in turn increases investment activities, the demand for MBAs would keep increasing. However, the increase in salary packages won’t be substantial.
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