Are you considering pursuing a masters in finance program? Stay informed with the latest updates on the industry trends and job market by signing up for the Business education myFT Digest. The latest Financial Times ranking has shown a significant growth in salaries for graduates of leading masters in finance programs, particularly for those working in the financial services sector.
According to the data, the average salary for graduates working in finance has increased by 12% compared to the previous year, reaching $98,000. In contrast, the salary for graduates working in other sectors only increased by 3% to $78,000. This difference highlights the strength of the financial industry and the growing demand for skilled professionals.
The ranking also revealed interesting insights into the gender pay gap, with female graduates in finance earning an average salary of $91,000, narrowing the gap with their male counterparts to 8%. However, there is still considerable disparity in the industry, which has traditionally been male-dominated.
The article also highlights the top schools for masters in finance programs, with ESCP maintaining its position at the top for “pre-experience” courses. London Business School leads among institutions offering “post-experience” courses.
The data shows a growing trend of graduates entering the financial sector and earning higher salaries compared to those in non-financial sectors. This increasing salary gap underscores the continued demand for finance masters programs and the attractiveness of a career in finance.
As the industry evolves, employers are increasingly seeking candidates with a blend of “soft” and “hard” skills, including teamwork, communication, coding, and financial analysis. Students are also showing interest in hands-on experiential learning with companies and emerging technologies such as cryptocurrencies.
Overall, the article emphasizes the importance of staying informed about the latest trends in the finance industry to make informed decisions about your career and education path. Sign up for the Business education myFT Digest to receive free updates directly to your inbox and stay ahead in the dynamic world of finance.