The Impact Of An MBA On Banking Salaries Is Short-Lived

Does an MBA always pay? Not always – even in finance.

According to a study by salary benchmarking site Emolument.com, the monetary impact of an MBA for banking professionals is often rather small. And even when it is notable, the effects are not long lasting.

“You have that short-lived bump up, but as time goes by and you progress through the ranks, people kind of forget you have an MBA, or you blend in with the mass of other bankers,” said Alice Leguay, COO of Emolument.

The firm analyzed salary data from 339 bankers working in London to measure the impact of holding an MBA from top institutions. It found that VPs with an MBA earn about 7% more than...