Within regions, there are substantial differences in salaries offered across industries. The chart below shows the salaries offered in different industries within the US and Canada. Salaries in the US are consistently slightly higher than those in Canada.

Consulting traditionally offers the highest salaries in the region and averages $97,000 in 2009. However, in the USA this year, it is the Government sector which reports the highest average salaries at $100,500. Telecoms reports an average of $95,000, Pharmaceuticals are reporting an average of $93,000. Financial Services and Energy are both reporting average salaries of $91,000. Details are shown below (Source: QS TopMBA.com International Recruiter Survey 2009):

Salary stagnation was a major concern for candidates this year as the gap between supply and demand widened. Recruiters have the bargaining power to determine how many jobs they will post and at what level they will set MBA starting salaries. However, employers surveyed stated that they planned to maintain salaries at 2008 levels.