Handsome pay for MBA'99 grads

Latest grads of Canada’s top-ranked program earning over $80,000

2000-01-24 - KINGSTON, ON, January 24th 2000 — Queen’s School of Business today released some powerful new statistics that highlight the impact a high-quality Master of Business Administration (MBA) degree can have on a graduate’s earnings. The final numbers are in on the initial earnings of the 1999 graduates of the top-ranked Queen’s MBA for Science & Technology — and they’re outstanding, showing an average starting salary of $78,175, plus an average signing bonus of $7,400. Those numbers are based on the placement of an impressive 97% of the class.

"Queen’s MBA for Science & Technology equips students with the management skills and tools that build on their background in science and technology, making them very attractive candidates to companies in the fastest growing sectors of the economy. And the numbers speak for themselves," said Dr. John Gordon, chair of Queen’s MBA for Science & Technology. "You’ll find our grads in management positions at large multinational firms, as well as leading innovative start-ups poised for breakthrough success."

It is this ability to jump-start the careers of its graduates that earned Queen’s MBA for Science & Technology (MBAst) the number one position among Canadian MBA programs for a third straight year in October 1999, when Canadian Business magazine released its annual rankings. The analysis measures MBA programs across the country to determine which schools offer the best return on a student’s investment.

A closer look at the latest Queen's statistics reveals MBAst grads who have entered the financial sector are commanding the highest average starting salaries — $87,000 plus signing bonuses — followed closely by those hired by consulting firms, who are starting at $84,625 plus bonuses. Almost a quarter of the Class of ’99 accepted international positions. The Class of 2000, set to graduate in May, appears to be following the successful path carved by program alumni: over 50% already have job offers.

In 1996, Queen's took the bold step of revamping its general management MBA, to focus instead on the booming science and technology arena. The first students of the 12-month program graduated in 1997, making the program eligible for international rankings in 2001.

For more information, please contact:

Dan Tisch or Josh Cobden
Environics Communications
(416) 920-9000, ext. 260 or 275
dtisch@pr.environics.ca / jcobden@pr.environics.ca

or

Laurie Ross
Queen’s School of Business
(613) 533-2319
lross@business.queensu.ca