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Return on investment (ROI) is a measure used to understand whether a new investment will have enough positive financial returns to justify the initial investment.
The ROI of a business master’s degree might take into account tangible benefits, such as promotions and networking opportunities, as well as intangible benefits, such as new skills and knowledge learnt.
Studying a business master’s programme can also lead to an impressive post-graduation salary. A master’s in management (MiM) from HEC Paris in France can increase a graduate’s average earnings by 81 percent compared to their pre-MiM salary, according to the Financial Times.
TopUniversities spoke to one student and one alumnus of HEC Paris’ Master’s in Management programme, to find out how they personally measure the ROI of their degree and how their business master’s has helped them in their careers so far.
Higher future salary expectations and career opportunities

Master’s in management graduates are highly sought after by graduate employers. According to the Graduate Management Admission Council (GMAC), 54 percent of employers were looking to hire MIM graduates in 2021.
HEC Paris MiM graduate Claire Van Peteghem has used her master’s to gain prestigious roles in some of the world’s leading companies. Since graduating, she has worked for Google as a Digital Marketing Strategist and has since moved to Waze products as an account manager.
In her current role, among other things, Claire is responsible for managing a diverse portfolio of businesses, understanding and identifying opportunities for growth, managing risks and building quarterly plans for achievements.
“I firmly believe that having a master’s degree in business is essential for further career development,” she said.
Claire measures the return on investment on her business master’s through the career opportunities it has offered her, the salary she is currently earning and her future salary expectations, as well as the network of relationships she has built around the world.
One of the major draws to a business master’s degree is the high starting salary after graduation. The median starting salary for master's in management graduates is currently around US$55,000 (approx. £40,620), according to the Graduate Management Admission Council’s (GMAC) 2021 Corporate Recruiters’ Survey.
However, this figure can be higher if you graduate from a top business school such as HEC Paris, whose MiM graduates earn an average starting salary of $114,360 (approx. £84,500), according to Financial Times data. Three years after graduation this salary can increase to around $120,860 (approx. £89,250).
The salary potential for MiM graduates gives graduates a high return on their initial investment. The total cost of the master’s in management programme at a top business school such as HEC Paris is currently around €46,950 (approx. £39,180), meaning that on average, students will have earnt their tuition fees back after just one year.
However, a high salary expectation isn’t the only advantage of completing a business master’s.
“I chose the MiM programme as I wanted to have a good overview of all business courses before choosing a specialisation, to develop knowledge, expertise and skills valued on the job market,” said Claire.





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