Pay is a compensation paid in return for work performed, under the terms of an employment contract. It can be paid in money, in fringe benefits or in other compensation with monetary value. Remuneration system is a management tool defined by an organisation and used to reward its personnel on the basis of its strategy. The organisation’s remuneration system can be written down in its remuneration policy paper.
According to the annual pay level survey (in Member Service), the median salary of business school graduates was 5000 euros in October 2016.
Define your salary requirement with the help of our Salary Radar (in Member Service)
• Our Salary Counselling helps you define your salary requirement.
• Read more on our Paranna palkkaasi (Guide to Better Pay, only in Finnish).
We publish annual recommendations for starting salaries of recent graduates and summer job pay of business school students. Please check also our recommendations for remuneration of thesis work.
Your pay is based on several factors; the organisation, your responsibilities and you.
Career development has more impact in salary development of business school graduates than overall increases as the reason for a pay rise usually is a change of position or employer.
When responsibilities stay the same, an overall increase under the terms of collective agreements of the public and private sector is the securest way for a business school graduate to get a pay rise. Nearly 42% of those business school graduates who responded our pay level survey had received a pay rise as a result of an overall increase.
Approximately half of our members enjoy overall increases. We actively promote the introduction of collective agreements for managerial employees also in those industries which do not yet have one. For example, in auditing and trade, many business school graduates work without an industry-specific collective agreement.
Read more on our Paranna palkkaasi handbook (Guide to Better Pay, in Finnish)