2023 Average MBA Starting Salaries for Business School Graduates

What Are Average MBA Starting Salaries for Graduates?

MBA salaries differs wildly depending on the program you chose, the industry you enter and the experience you have. After earning an MBA from Shenandoah University, the average MBA graduate annual salary is $41,538.00 . A degree from University of Pennsylvania, will provide an annual salary of $146,303.00.

Though it’s not the only factor, compensation is an important consideration for individuals considering obtaining an MBA degree. Salaries for graduates with master’s degrees in business administration can be significantly higher than those of graduates with only a bachelor’s degree in business. In addition, advance salary projections from the US Department of Labor show that average MBA salaries are expected to increase by 6.9% each year through the year 2028 with an annual need of 230,000 new managers needed each year.

Average MBA starting salary for graduates from universities is $83,944.66 with the lowest of starting of $41,538.00 and the highest reported starting salary of $146,303.00.

ROI for MBA Programs: In-State Tuition / MBA Starting Salary

Rank	University	ROI	In State Tuition	Avg. Starting Salary	State	Online
1	University of Pennsylvania	98.19%	$74,500	$146,303	PA	No
2	Cornell University	49.95%	$143,880	$143,750	NY	No
3	Stanford University	42.73%	$164,460	$140,553	CA	No
4	Massachusetts Institute of Technology	87.47%	$77,168	$135,000	MA	No
5	Harvard University	91.28%	$73,440	$134,071	MA	No
6	Claremont Graduate University	68.27%	$97,010	$132,453	CA	No
7	The University of Chicago	90.28%	$72,000	$130,000	IL	No
8	University of San Francisco	84.16%	$75,600	$127,244	CA	No
9	Northwestern University	86.48%	$73,404	$126,961	IL	No
10	Carnegie Mellon University	44.51%	$141,812	$126,250	PA	Yes
11	Columbia University	36.69%	$170,330	$125,000	NY	No
12	University of Virginia-Darden	44.79%	$139,200	$124,684	VA	Yes
13	Dartmouth College	39.96%	$155,040	$123,900	NH	No
14	The University of Michigan	46.26%	$132,953	$123,000	MI	No
15	University of Southern California	44.72%	$137,106	$122,634	CA	Yes
16	University of California, Berkeley	52.15%	$117,444	$122,488	CA	No
17	University of Maine	353.12%	$17,338	$122,449	ME	Yes
18	Duke University	41.75%	$145,253	$121,283	NC	No
19	University of California, Los Angeles	43.61%	$139,014	$121,250	CA	No
20	University of Washington	81.81%	$73,280	$119,904	WA	No
21	Boston College	53.97%	$111,012	$119,818	MA	No
22	Lehigh University	91.12%	$64,750	$118,000	PA	No
22	Bowling Green State University	287.80%	$20,500	$118,000	OH	No
24	Emory University	42.58%	$138,248	$117,719	GA	No
25	Illinois Institute of Technology	67.46%	$87,090	$117,500	IL	No
26	Yale University	39.81%	$146,180	$116,395	CT	No
27	University of Rochester	58.87%	$98,520	$116,000	NY	No
28	Loyola University Chicago	66.34%	$86,590	$114,882	IL	Yes
29	California State University, East Bay	176.69%	$32,443	$114,650	CA	No
30	Washington University in St. Louis	44.87%	$127,032	$113,994	MO	No
31	Rice University	44.84%	$126,324	$113,287	TX	No
32	Vanderbilt University	41.91%	$135,070	$113,205	IN	No
33	Georgetown University	46.16%	$121,858	$112,501	DC	Yes
34	Saint Joseph's University	117.09%	$48,040	$112,500	PA	Yes
35	University of Notre Dame	47.92%	$116,710	$111,850	IN	No
36	Bryant University	120.07%	$46,220	$110,995	RI	No
37	San Jose State University	174.86%	$31,532	$110,275	CA	No
38	Johns Hopkins University	43.85%	$125,500	$110,068	MD	Yes
39	Missouri University of Science and Technology	318.85%	$17,251	$110,011	MO	No
40	Northern Kentucky University	265.82%	$20,691	$110,000	KY	Yes
40	Lawrence Technological University	117.52%	$46,800	$110,000	MI	No
42	The Pennsylvania State University	91.90%	$59,302	$109,000	PA	Yes
43	North Carolina State University	102.55%	$53,130	$108,969	NC	Yes
44	New York University	33.15%	$162,991	$108,053	NY	Yes
45	Loyola Marymount University	72.68%	$73,950	$107,500	CA	No
46	St. Mary's University	140.06%	$37,960	$106,330	TX	No
47	Pace University	98.57%	$53,856	$106,170	NY	No
48	Georgia Institute of Technology	83.68%	$63,404	$106,115	GA	No
49	The University of Mississippi	215.59%	$24,584	$106,000	MS	Yes
49	Stevens Institute of Technology	83.17%	$63,726	$106,000	NJ	Yes
51	Michigan State University	79.99%	$66,239	$105,963	MI	Yes
52	Villanova University	92.45%	$57,090	$105,559	PA	Yes
53	California State University, Northridge	154.35%	$34,194	$105,554	CA	No
54	California Polytechnic State University, San Luis Obispo	199.02%	$26,505	$105,498	CA	No
55	Rutgers-The State University of New Jersey-Newark/New Brunswick	85.94%	$61,100	$105,013	NJ	Yes
56	University of Wisconsin Oshkosh	191.42%	$27,427	$105,000	WI	Yes
56	The University of North Dakota	285.47%	$18,391	$105,000	ND	Yes
57	Temple University	73.43%	$71,497	$105,000	PA	Yes
59	California State University, Los Angeles	208.81%	$25,068	$104,690	CA	No
60	The University of North Carolina at Chapel Hill	50.74%	$103,116	$104,649	NC	Yes
61	University of Florida	197.37%	$26,473	$104,500	FL	Yes
62	The University of Georgia	161.18%	$32,406	$104,464	GA	Yes
63	University of Maryland	53.74%	$96,952	$104,205	MD	Yes
64	Virginia Polytechnic Institute and State University	115.41%	$45,050	$103,987	VA	Yes
65	Texas Christian University	46.75%	$111,060	$103,847	TX	Yes
66	State University of New York at Oswego	213.84%	$24,270	$103,800	NY	Yes
67	The University of Tulsa	107.02%	$48,470	$103,750	OK	Yes
68	Rollins College	64.43%	$80,340	$103,529	FL	No
69	University of California, San Diego	50.36%	$102,711	$103,447	CA	No
69	Ithaca College	96.75%	$53,460	$103,447	NY	No
71	Abilene Christian University	195.77%	$26,352	$103,177	TX	Yes
72	University of Wisconsin-Madison	102.67%	$50,163	$103,000	WI	No
72	University of Idaho	187.00%	$27,540	$103,000	ID	No
73	Southern Methodist University	46.66%	$110,362	$103,000	TX	No
74	Western Illinois University	339.98%	$15,148	$103,000	IL	Yes
76	Wayne State University	162.11%	$31,579	$102,385	MI	Yes
77	Chapman University	56.92%	$89,854	$102,284	CA	No
78	Texas A&M University	82.65%	$61,629	$101,878	TX	No
79	University of New Haven	107.52%	$47,310	$101,736	CT	No
80	The University of Texas at Austin	49.49%	$102,040	$100,990	TX	No
81	Old Dominion University	185.00%	$27,220	$100,715	VA	Yes
82	University of Connecticut	143.40%	$35,018	$100,429	CT	Yes
83	University of Illinois at Urbana-Champaign	85.72%	$58,568	$100,413	IL	Yes
84	Xavier University	148.17%	$33,864	$100,350	OH	Yes
85	Colorado Mesa University	261.55%	$19,155	$100,200	CO	Yes
86	Washington State University	142.76%	$35,024	$100,000	WA	Yes
86	University of Wisconsin-River Falls	179.75%	$27,816	$100,000	WI	No
87	The University of Texas Rio Grande Valley	281.28%	$17,776	$100,000	TX	Yes
88	University of Richmond	87.94%	$56,860	$100,000	VA	No
89	Florida State University	266.41%	$18,768	$100,000	FL	Yes
91	University of California, Davis	59.91%	$83,428	$99,969	CA	No
92	Drexel University	78.08%	$64,000	$99,942	PA	Yes
93	University of California, Irvine	53.19%	$93,828	$99,819	CA	No
94	Arizona State University	84.91%	$58,300	$99,000	AZ	Yes
95	Miami University	133.77%	$36,650	$98,052	OH	No
96	Widener University	138.41%	$35,344	$97,837	PA	Yes
97	The Ohio State University	78.38%	$62,278	$97,626	OH	No
98	Indiana University Kokomo	412.97%	$11,782	$97,313	IN	No
99	New Jersey Institute of Technology	77.42%	$62,688	$97,072	NJ	Yes
100	Samford University	140.04%	$34,632	$97,000	AL	Yes
101	University of Louisiana at Monroe	261.96%	$18,500	$96,925	LA	Yes
102	The University of Rhode Island	233.82%	$20,666	$96,641	RI	No
103	Babson College	42.11%	$114,572	$96,485	MA	No
104	Wake Forest University	84.74%	$56,722	$96,133	NC	No
105	The University of Alabama	168.07%	$28,560	$96,000	AL	Yes
105	Bentley University	78.06%	$61,488	$96,000	MA	Yes
106	University of Alabama	166.90%	$28,759	$96,000	AL	No
108	California State University, Sacramento	190.97%	$25,091	$95,833	CA	Yes
109	The University of Arizona	87.25%	$54,843	$95,696	AZ	Yes
110	The University of Texas at Dallas	136.72%	$34,742	$95,000	TX	Yes
110	Pepperdine University	44.50%	$106,750	$95,000	CA	Yes
111	Montclair State University	225.84%	$21,033	$95,000	NJ	Yes
113	University of St. Thomas-Minnesota	65.01%	$72,900	$94,779	MN	Yes
114	San Francisco State University	294.10%	$16,098	$94,687	CA	No
115	William Paterson University	210.90%	$22,380	$94,400	NJ	Yes
116	Washburn University	158.57%	$29,640	$94,000	KS	No
116	Missouri Western State University	350.17%	$13,422	$94,000	MO	Yes
118	University of New Hampshire	113.55%	$41,160	$93,472	NH	Yes
119	University of Houston	103.83%	$45,000	$93,450	TX	No
120	Northeastern Illinois University	343.12%	$13,603	$93,350	IL	Yes
121	California State Polytechnic University Pomona	172.51%	$26,924	$92,891	CA	No
122	Indiana University Bloomington/Indianapolis	77.17%	$60,171	$92,867	IN	Yes
122	Indiana University Bloomington	104.94%	$44,246	$92,867	IN	Yes
124	Seton Hall University	86.74%	$53,510	$92,829	NJ	No
125	University of Massachusetts Boston	169.03%	$27,375	$92,544	MA	Yes
126	Rockhurst University	116.19%	$39,780	$92,444	MO	No
127	Fayetteville State University	669.80%	$6,900	$92,432	NC	Yes
128	Colorado State University	114.41%	$40,384	$92,408	CO	Yes
129	Longwood University	219.07%	$20,988	$91,957	VA	Yes
130	Humboldt State University	494.40%	$9,294	$91,900	CA	No
131	Eastern Michigan University	151.28%	$30,358	$91,853	MI	Yes
132	Prairie View A&M University	292.16%	$15,702	$91,750	TX	Yes
133	University of Minnesota	53.93%	$84,980	$91,665	MN	No
134	Hult International Business School	59.42%	$77,000	$91,500	MA	No
135	Purdue University	102.07%	$44,816	$91,491	IN	No
136	Howard University	130.56%	$35,016	$91,434	DC	No
137	Minnesota State University, Mankato	265.20%	$17,219	$91,331	MN	Yes
138	Fordham University	40.25%	$112,938	$90,911	NY	No
139	Nova Southeastern University	120.30%	$37,722	$90,756	FL	Yes
140	The University of Texas at Arlington	224.25%	$20,144	$90,346	TX	No
141	Radford University	242.46%	$18,612	$90,255	VA	Yes
142	University of Tennessee at Knoxville	112.18%	$40,114	$90,000	TN	No
142	University of South Carolina	140.63%	$32,000	$90,000	SC	Yes
143	The University of Michigan-Flint	173.42%	$25,948	$90,000	MI	Yes
145	Colorado State University-Pueblo	225.29%	$19,963	$89,950	CO	No
146	Adelphi University	68.01%	$66,060	$89,850	NY	Yes
147	The George Washington University	40.72%	$110,263	$89,795	DC	Yes
148	University of Houston-Clear Lake	215.14%	$20,852	$89,723	TX	Yes
149	Elon University	118.26%	$37,921	$89,694	NC	No
150	University of Utah	74.62%	$59,905	$89,400	UT	No
151	Texas A&M University-Commerce	344.22%	$12,985	$89,393	TX	Yes
152	Clemson University	112.65%	$39,604	$89,227	SC	No
153	University of Mary Washington	201.42%	$22,104	$89,042	VA	No
154	Bradley University	128.08%	$34,745	$89,000	IL	Yes
155	University of Dallas	117.61%	$37,810	$88,938	TX	Yes
156	Baylor University	53.41%	$83,156	$88,820	TX	Yes
157	Seattle University	97.86%	$45,114	$88,296	WA	No
158	Northeastern University	44.82%	$98,400	$88,215	MA	Yes
159	Texas Wesleyan University	139.77%	$31,480	$88,000	TX	Yes
160	Central Connecticut State University	170.94%	$25,696	$87,851	CT	No
161	James Madison University	150.05%	$29,230	$87,718	VA	Yes
162	University of Kansas	131.52%	$33,297	$87,584	KS	No
163	College of William and Mary	62.02%	$70,526	$87,480	VA	Yes
164	University of Miami	34.64%	$126,040	$87,317	FL	Yes
165	Northern Illinois University	167.75%	$25,951	$87,064	IL	No
166	University of Denver	45.02%	$96,654	$87,033	CO	Yes
167	University of Dayton	135.30%	$32,100	$86,863	OH	Yes
168	New Mexico State University	366.21%	$11,851	$86,800	NM	Yes
169	Clayton State University	326.01%	$13,266	$86,497	GA	No
170	Boston University	37.26%	$115,632	$86,163	MA	No
171	Shippensburg University	216.73%	$19,860	$86,086	PA	Yes
172	La Salle University	171.45%	$25,060	$85,933	PA	No
173	Kansas State University	223.43%	$19,220	$85,887	KS	No
174	North Dakota State University	229.68%	$18,692	$85,865	ND	No
175	Auburn University at Montgomery	308.49%	$13,907	$85,803	AL	Yes
175	Auburn University	166.54%	$25,761	$85,803	AL	No
177	The University of New Mexico	195.89%	$21,838	$85,556	NM	Yes
178	Rensselaer Polytechnic Institute	51.45%	$82,797	$85,193	NY	No
179	University of Colorado at Boulder	76.23%	$55,862	$85,172	CO	No
180	Valparaiso University	139.25%	$30,520	$85,000	IN	No
180	Southern Illinois University Carbondale	196.21%	$21,660	$85,000	IL	Yes
181	Sonoma State University	267.87%	$15,866	$85,000	CA	No
182	Salisbury University	272.44%	$15,600	$85,000	MD	Yes
183	The Pennsylvania State University at Harrisburg	91.53%	$46,432	$85,000	PA	Yes
184	Pacific Lutheran University	90.99%	$46,710	$85,000	WA	No
185	McNeese State University	249.94%	$17,004	$85,000	LA	Yes
186	Hofstra University	77.65%	$54,732	$85,000	NY	Yes
188	Morehead State University	238.23%	$17,750	$84,571	KY	Yes
189	California State University, Fullerton	128.08%	$33,000	$84,536	CA	Yes
190	Texas Tech University	153.94%	$27,416	$84,406	TX	Yes
191	Monmouth University	103.24%	$40,680	$84,000	NJ	No
192	Texas A&M University-Kingsville	349.17%	$12,000	$83,800	TX	Yes
193	St. Bonaventure University	124.78%	$33,558	$83,750	NY	No
194	Western Kentucky University	222.10%	$18,810	$83,553	KY	Yes
195	Eastern Kentucky University	210.92%	$19,800	$83,524	KY	Yes
196	Louisiana State University	113.45%	$36,800	$83,500	LA	No
197	University of Wisconsin-Stevens Point	159.21%	$26,214	$83,473	WI	Yes
198	Troy University	316.36%	$13,175	$83,360	AL	Yes
199	University of Delaware	109.59%	$38,030	$83,357	DE	Yes
200	Union University	181.18%	$22,932	$83,098	TN	Yes
201	University of North Carolina at Charlotte	201.88%	$20,557	$83,000	NC	Yes
202	University of Pittsburgh	75.55%	$54,796	$82,792	PA	No
203	California State University, Fresno	160.40%	$25,800	$82,766	CA	No
204	Rider University	110.59%	$37,320	$82,544	NJ	Yes
205	The University of North Carolina at Pembroke	283.25%	$14,563	$82,500	NC	Yes
205	University of Alaska Anchorage	281.19%	$14,670	$82,500	AK	No
206	North Carolina Central University	180.57%	$22,844	$82,500	NC	No
207	Indiana State University	218.54%	$18,875	$82,500	IN	No
209	Stephen F. Austin State University	365.23%	$11,270	$82,323	TX	Yes
210	Clark Atlanta University	98.45%	$41,739	$82,188	GA	No
211	Oklahoma State University	249.03%	$16,464	$82,000	OK	Yes
211	Oklahoma State University	284.62%	$14,405	$82,000	OK	No
213	University of Toledo	193.67%	$21,166	$81,983	OH	Yes
214	Duquesne University	76.14%	$53,688	$81,761	PA	No
215	Saint Louis University	82.73%	$49,390	$81,724	MO	No
216	Kent State University	229.11%	$17,790	$81,516	OH	No
217	Oregon State University	107.69%	$37,742	$81,289	OR	No
218	Case Western Reserve University	45.19%	$89,900	$81,244	OH	No
219	The University of Texas of the Permian Basin	346.08%	$11,736	$81,231	TX	Yes
220	Suffolk University	50.25%	$80,595	$81,000	MA	Yes
221	Drury University	169.40%	$23,760	$80,497	MO	Yes
222	Oakland University	108.70%	$36,984	$80,400	MI	No
223	San Diego State University	81.86%	$49,000	$80,225	CA	No
224	Midwestern State University	292.31%	$13,709	$80,146	TX	Yes
225	Tennessee Technological University	298.57%	$13,401	$80,024	TN	Yes
226	University of Wisconsin-Parkside	315.88%	$12,663	$80,000	WI	No
226	University of Wisconsin-Eau Claire	239.01%	$16,736	$80,000	WI	Yes
227	Michigan Technological University	115.31%	$34,690	$80,000	MI	No
228	Clark University	67.56%	$59,210	$80,000	MA	Yes
229	California State University, San Bernardino	133.33%	$30,000	$80,000	CA	Yes
231	Texas State University	185.80%	$21,497	$79,884	TX	No
232	Georgia Southern University	225.98%	$17,530	$79,230	GA	Yes
233	Ohio University	184.82%	$21,432	$79,222	OH	Yes
234	University of Central Florida	101.27%	$39,000	$78,987	FL	No
235	Utah State University	125.37%	$31,386	$78,700	UT	Yes
236	University of Nebraska at Omaha	263.85%	$14,897	$78,611	NE	Yes
237	University of Colorado Denver	87.75%	$44,762	$78,560	CO	Yes
238	California State University, Stanislaus	159.07%	$24,674	$78,500	CA	Yes
239	The Citadel	179.42%	$21,830	$78,333	SC	Yes
240	The University of Texas at San Antonio	118.74%	$32,984	$78,332	TX	No
241	University of Northern Iowa	128.62%	$30,435	$78,292	IA	No
242	University of Scranton	111.81%	$34,940	$78,133	PA	Yes
243	Binghamton University	132.65%	$29,400	$78,000	NY	No
243	University of Missouri	125.86%	$30,987	$78,000	MO	No
245	University of Central Arkansas	362.62%	$10,748	$77,949	AR	Yes
246	Florida Atlantic University	155.20%	$25,040	$77,725	FL	Yes
247	University of Wisconsin-Milwaukee	118.68%	$32,730	$77,687	WI	Yes
247	Northern Arizona University	370.64%	$10,480	$77,687	AZ	No
249	The Pennsylvania State University at Erie The Behrend College	147.91%	$26,220	$77,566	PA	Yes
250	Kutztown University	211.25%	$18,343	$77,500	PA	Yes
251	Loyola University New Orleans	92.63%	$41,788	$77,419	LA	No
252	Stockton University	129.60%	$29,862	$77,400	NJ	Yes
253	State University of New York at New Paltz	158.70%	$24,108	$76,519	NY	No
254	University of Nebraska-Lincoln	198.69%	$19,200	$76,298	NE	Yes
255	University of Hawaii at Manoa	85.62%	$44,380	$76,000	HI	No
255	Eastern Washington University	332.20%	$11,439	$76,000	WA	No
257	University of South Florida	253.73%	$14,955	$75,892	FL	Yes
258	University of Minnesota Duluth	122.26%	$31,008	$75,818	MN	No
259	University of Oklahoma	111.12%	$34,000	$75,561	OK	No
259	University of Oklahoma	111.12%	$34,000	$75,561	OK	No
261	Youngstown State University	279.63%	$13,500	$75,500	OH	Yes
262	Quinnipiac University	75.33%	$50,035	$75,385	CT	Yes
263	Eastern Illinois University	251.16%	$14,998	$75,338	IL	Yes
264	University of Houston-Victoria	219.85%	$17,133	$75,335	TX	Yes
265	University of Arkansas	107.93%	$34,894	$75,320	AR	No
265	Cleveland State University	195.93%	$19,221	$75,320	OH	No
267	University of North Alabama	276.10%	$13,600	$75,100	AL	Yes
268	Rochester Institute of Technology	37.89%	$98,980	$75,000	NY	Yes
268	Robert Morris University	117.81%	$31,830	$75,000	PA	Yes
269	Brigham Young University	135.28%	$27,720	$75,000	UT	No
270	Roger Williams University	91.58%	$40,950	$75,000	RI	No
272	The University of Tampa	139.39%	$26,744	$74,558	FL	No
272	Indiana University South Bend	231.46%	$16,106	$74,558	IN	Yes
274	Ramapo College of New Jersey	150.84%	$24,694	$74,497	NJ	Yes
275	California State University, Chico	421.77%	$8,800	$74,231	CA	No
276	St. Cloud State University	123.28%	$30,013	$74,000	MN	No
276	Emporia State University	326.68%	$11,326	$74,000	KS	Yes
277	Augusta University	555.56%	$6,660	$74,000	GA	Yes
279	Oklahoma City University	135.82%	$27,175	$73,817	OK	Yes
280	University at Buffalo, State University of New York	96.65%	$38,144	$73,729	NY	No
281	SUNY University at Albany	193.15%	$19,032	$73,521	NY	No
282	University of Kentucky	99.39%	$36,941	$73,429	KY	No
283	University of Wisconsin-Whitewater	188.40%	$19,440	$73,250	WI	Yes
283	The Pennsylvania State University Great Valley School of Graduate Professional Studies	77.96%	$46,980	$73,250	PA	Yes
285	Syracuse University	41.78%	$87,480	$73,092	NY	Yes
286	Louisiana Tech University	221.14%	$16,518	$73,056	LA	Yes
287	Rutgers-The State University of New Jersey-Camden	69.14%	$52,816	$73,031	NJ	Yes
288	University of Detroit Mercy	136.70%	$26,697	$72,991	MI	Yes
289	Baruch College-The City University of New York	97.59%	$37,338	$72,877	NY	No
290	Tulane University	30.53%	$118,822	$72,548	LA	No
291	University of San Diego	41.19%	$87,845	$72,363	CA	No
292	New York Institute of Technology	79.75%	$45,358	$72,348	NY	No
293	University of Washington Bothell	74.38%	$48,570	$72,250	WA	No
294	University of North Texas	156.89%	$23,013	$72,212	TX	Yes
295	Canisius College	88.48%	$40,700	$72,025	NY	Yes
296	South Carolina State University	181.16%	$19,872	$72,000	SC	Yes
296	Clarkson University	67.08%	$53,664	$72,000	NY	Yes
298	Southeastern Louisiana University	273.62%	$13,152	$71,973	LA	No
299	Indiana University-Purdue University Fort Wayne	231.62%	$15,534	$71,960	IN	Yes
300	University of Illinois at Chicago	69.58%	$51,512	$71,679	IL	Yes
301	Arkansas State University	263.96%	$13,563	$71,603	AR	Yes
302	University of West Florida	287.30%	$12,461	$71,600	FL	Yes
303	University of Louisville	111.74%	$32,000	$71,512	KY	No
304	Woodbury University	71.78%	$49,802	$71,500	CA	Yes
305	Jacksonville State University	269.62%	$13,200	$71,179	AL	Yes
306	Illinois State University	209.54%	$16,951	$71,039	IL	No
307	The University of Michigan-Dearborn	74.37%	$47,600	$70,800	MI	Yes
308	University of Montana	256.37%	$13,718	$70,339	MT	Yes
309	Southern Arkansas University	317.52%	$11,070	$70,300	AR	Yes
310	University of California, Riverside	36.52%	$95,844	$70,000	CA	No
310	Black Hills State University	270.35%	$12,946	$70,000	SD	Yes
311	Fairleigh Dickinson University	81.83%	$42,772	$70,000	NJ	Yes
313	Central Michigan University	146.74%	$23,832	$69,942	MI	Yes
314	University of Cincinnati	101.43%	$34,401	$69,788	OH	Yes
315	Western Carolina University	212.00%	$16,273	$68,996	NC	Yes
316	Brandeis University	30.96%	$111,101	$68,793	MA	No
317	Indiana University Northwest	224.99%	$15,286	$68,784	IN	Yes
317	Francis Marion University	209.62%	$16,407	$68,784	SC	Yes
319	Berry College	90.80%	$37,720	$68,498	GA	Yes
320	University of Baltimore	83.90%	$40,704	$68,302	MD	Yes
321	Gonzaga University	101.85%	$33,495	$68,228	WA	Yes
322	University of Nevada, Reno	179.03%	$19,000	$68,030	NV	Yes
323	University of North Florida	178.27%	$19,072	$68,000	FL	No
323	Florida Southern College	182.68%	$18,612	$68,000	FL	Yes
324	Coastal Carolina University	186.92%	$18,190	$68,000	SC	Yes
325	Boise State University	166.83%	$20,380	$68,000	ID	Yes
327	John Carroll University	108.34%	$31,350	$67,931	OH	No
328	University of Massachusetts Amherst	98.80%	$34,353	$67,884	MA	Yes
329	University of Alabama in Huntsville	164.10%	$20,664	$67,820	AL	Yes
330	Alfred University	88.77%	$38,020	$67,500	NY	Yes
331	Western Connecticut State University	137.93%	$24,360	$67,200	CT	No
332	University of South Dakota	227.82%	$14,747	$67,193	SD	Yes
333	American University	36.42%	$92,190	$67,154	DC	Yes
334	Ball State University	137.85%	$24,120	$66,500	IN	Yes
335	Tennessee State University	358.11%	$9,276	$66,436	TN	Yes
336	Saint Xavier University	84.96%	$38,961	$66,200	IL	Yes
337	Niagara University	68.47%	$48,195	$66,000	NY	Yes
337	Frostburg State University	203.70%	$16,200	$66,000	MD	Yes
339	Willamette University	36.59%	$89,255	$65,311	OR	No
340	The University of Texas at El Paso	134.84%	$24,158	$65,147	TX	No
341	Western Washington University	159.94%	$20,320	$65,000	WA	No
341	Kennesaw State University	183.72%	$17,690	$65,000	GA	Yes
342	Iowa State University	118.08%	$27,524	$65,000	IA	Yes
343	Georgia College & State University	376.16%	$8,640	$65,000	GA	Yes
345	Missouri State University	260.11%	$12,488	$64,964	MO	Yes
346	East Tennessee State University	141.64%	$22,896	$64,862	TN	Yes
347	Middle Tennessee State University	253.87%	$12,748	$64,726	TN	Yes
348	Manhattan College	67.86%	$47,677	$64,709	NY	Yes
349	East Carolina University	178.08%	$18,072	$64,364	NC	Yes
350	Arkansas Tech University	281.36%	$11,400	$64,150	AR	Yes
351	Valdosta State University	299.71%	$10,677	$64,000	GA	Yes
352	Southern Utah University	147.95%	$21,586	$63,875	UT	Yes
353	Bloomsburg University of Pennsylvania	139.20%	$22,899	$63,750	PA	Yes
354	University of Houston-Downtown	175.47%	$18,147	$63,686	TX	Yes
355	Utah Valley University	133.63%	$23,760	$63,500	UT	No
355	Florida Gulf Coast University	236.20%	$13,442	$63,500	FL	Yes
357	Texas Southern University	222.53%	$14,260	$63,465	TX	No
358	Savannah State University	152.46%	$20,794	$63,403	GA	No
359	University of Oregon	46.55%	$67,986	$63,300	OR	No
360	Philadelphia University	91.63%	$34,500	$63,228	PA	No
361	University of South Florida St. Petersburg	157.50%	$20,000	$63,000	FL	Yes
361	University of Colorado Colorado Springs	114.59%	$27,490	$63,000	CO	Yes
362	Belmont University	50.79%	$62,015	$63,000	TN	No
364	Pittsburg State University	246.43%	$12,732	$62,750	KS	Yes
365	University of South Alabama	224.01%	$13,950	$62,500	AL	No
366	Florida International University	84.14%	$37,000	$62,260	FL	Yes
367	University of New Orleans	226.55%	$13,658	$61,885	LA	Yes
368	Barry University	86.45%	$35,640	$61,618	FL	Yes
369	Butler University	70.95%	$43,400	$61,581	IN	No
370	University of Alaska Fairbanks	218.32%	$13,980	$61,042	AK	Yes
371	Marshall University	161.14%	$18,928	$61,000	WV	Yes
372	University of Vermont	94.91%	$31,879	$60,514	VT	No
373	University of Massachusetts Dartmouth	177.51%	$16,965	$60,229	MA	Yes
374	Indiana University Southeast	184.64%	$16,302	$60,200	IN	Yes
375	University of Arkansas at Little Rock	180.00%	$16,681	$60,052	AR	Yes
376	Columbus State University	342.94%	$8,748	$60,000	GA	Yes
376	Alabama A&M University	166.48%	$18,020	$60,000	AL	No
378	State University of New York College at Brockport	126.57%	$23,544	$59,600	NY	Yes
379	St. John's University	66.59%	$44,510	$59,276	NY	Yes
380	The University of North Carolina at Greensboro	112.11%	$26,217	$58,783	NC	No
381	Sam Houston State University	156.24%	$18,699	$58,429	TX	Yes
382	Iona College	70.05%	$41,580	$58,250	NY	Yes
383	University of West Georgia	234.53%	$12,365	$58,000	GA	Yes
384	Lamar University	338.00%	$8,432	$57,000	TX	Yes
385	Clarion University of Pennsylvania	139.92%	$20,298	$56,800	PA	Yes
386	Saginaw Valley State University	110.78%	$25,500	$56,500	MI	Yes
387	University of Southern Indiana	237.44%	$11,783	$55,955	IN	Yes
388	University of Tennessee at Chattanooga	135.56%	$20,540	$55,689	TN	Yes
389	Appalachian State University	159.38%	$17,411	$55,500	NC	No
390	College of Charleston	98.70%	$28,028	$55,326	SC	Yes
391	Minnesota State University Moorhead	124.50%	$22,089	$55,000	MN	Yes
391	Jackson State University	188.42%	$14,595	$55,000	MS	Yes
393	Southeastern Oklahoma State University	226.38%	$11,880	$53,789	OK	Yes
394	Morgan State University	178.71%	$14,832	$53,014	MD	No
395	Henderson State University	208.96%	$12,562	$52,500	AR	Yes
396	California State University-San Marcos	85.85%	$30,518	$52,400	CA	No
397	Texas A&M International University	193.90%	$13,409	$52,000	TX	No
398	University of Tennessee at Martin	145.24%	$17,700	$51,415	TN	Yes
399	Southeast Missouri State University	222.66%	$11,228	$50,000	MO	Yes
400	North Carolina A&T State University	90.45%	$26,976	$48,800	NC	No
401	University of Alabama at Birmingham	149.57%	$16,200	$48,462	AL	Yes
402	University of Southern Mississippi	171.55%	$12,327	$42,294	MS	Yes
403	Shenandoah University	86.43%	$24,030	$41,538	VA	No

Average Starting Salary for MBA Online Programs

Does earning your MBA from an Online program affect your earning power?

With more than 327 online MBA degrees offered, you can find a program and concentration that fits your needs and work full time while earning your MBA. Many online MBA programs have reasonable tuition costs. The average online degree costs $34,054, a couple thousand dollars less than the average campus program. If an online program allows you to continue to work full time and pursue your degree, that saves one of the biggest costs you’d otherwise face—lost wages.

An online MBA program may offer an additional advantage—a concentration not available at an in-state MBA program near you. To learn more about tuition for online MBA programs, see our online MBA programs ranked by tuition.

Analyzing Salary Data by Business School Major

When it comes to analyzing salary data by major, there are some key factors to consider. First, the industry in which the MBA was earned can affect starting salaries. For example, a degree from University of Pennsylvania’s Wharton School of Business may typically command a higher starting salary than one from a less prestigious institution. Additionally, the size of the company and its location can also play a role in how much an MBA graduate earns in their first job. Furthermore, networking and previous experience can also influence salaries for MBA graduates.

In terms of majors, some of the most common undergraduate degrees for MBA graduates include finance, accounting, economics, and business administration. However, there is no one-size-fits-all when it comes to salaries. For example, according to the Graduate Management Admission Council’s Business School Hiring Report 2021, employers now offer MBA graduates the highest inflation-adjusted salary of $162,824 for those with a degree in finance. On the other hand, those with a degree in accounting earn an average starting salary of $157,182 according to the same report.

It is worth noting that salaries can vary significantly depending on industry and location. For instance, MBA graduates in the tech industry tend to earn more than those working in other industries. Additionally, those who live in certain cities tend to earn more than those living elsewhere. Therefore, it is important to consider these factors when analyzing MBA starting salaries and making decisions related to career paths.

Average MBA Salary by Industry

The industry in which an MBA graduate works has a big impact on their starting salary. For example, those working in the financial services industry typically make more than those in other industries. According to the US Bureau of Labor Statistics, the median annual wage for financial managers was $125,080 in May 2019, compared to the median annual wage for all occupations of $39,810. Of course, there are many factors that go into a person’s salary, but it’s clear that working in a certain industry can have a big impact on salary.

To gain further insight into the effect of industry on MBA starting salaries, let’s look at the data from the MBA Starting Salaries HBR Case Study. The data set includes 40 MBA students who graduated from different universities across the United States. The students’ salaries are broken down into categories for six different industries: banking, consulting, consumer products/retail, technology, and energy/utilities.

The data shows that MBAs who went into banking had the highest average salary at $172,800. This is followed by MBAs who went into consulting with an average salary of $158,800 and those who went into consumer products/retail with an average salary of $159,000. MBAs who went into technology had an average salary of $150,000 and those who went into energy/utilities had an average salary of $145,000.

These figures show that the industry in which an MBA graduate works can have a significant impact on their starting salary. It’s important for MBA graduates to consider the potential salaries they could earn when deciding which industry to pursue.

Analyzing Starting Salary by Gender

In the case study of MBA Starting Salaries, it is important to consider the impact of gender on starting salaries. On average, women earn less than men in the same job position, and this holds true for MBA graduates as well. According to the data, men are earning approximately 13% more than women in terms of starting salary.

This difference can be attributed to a number of factors, such as lack of access to networking opportunities or gender bias in hiring decisions. It is also important to note that this gap is smaller for MBA graduates than it is for other professions. It is clear that there is still a long way to go before gender parity is achieved in the workforce, but the progress made by MBA graduates is encouraging.

Comparing Starting Salary to Educational Attainment

Having an MBA degree can be a great asset for any job seeker. Those with an MBA often earn more than those with a traditional college degree and many employers look for candidates with this prestigious credential. In addition to the salary boost, MBA graduates typically enjoy higher job satisfaction and better career prospects.

But, just how much does an MBA degree increase an individual’s starting salary? In this section, we will explore the relationship between an individual’s educational attainment and their starting salary, as well as the role a prestigious MBA program can play in increasing one’s earning potential.

First, let’s look at the median starting salaries of MBA graduates by school. The data provided by the Financial Times shows that graduates of the top business schools typically command higher salaries than those from less prestigious programs. The median starting salary for MBA graduates of Columbia Business School was $162,824, significantly more than the $157,182 for Cornell (Johnson) or even the $158,194 for Dartmouth (Tuck). Harvard Business School had the highest median starting salary at $167,148.

Of course, having an MBA from a top school does not guarantee a high salary. Data from the Graduate Management Admission Council’s Business School Hiring Report shows that employers now offer MBA graduates the highest inflation-adjusted salary in 2021 at $115,000. However, this number is still significantly higher than the average salary of someone with a traditional college degree. Furthermore, having a prestigious MBA can open up doors to higher paying jobs and better career prospects.

Finally, it is important to note that there are other factors which can influence an individual’s starting salary. While having an MBA

Examining the Impact of Location on MBA Starting Salaries

The location of a business school can have a major impact on its graduates’ starting salaries. It is often found that MBA graduates from business schools in major metropolitan areas tend to earn higher salaries than those from more rural areas. This is due to the fact that companies located in large cities generally have higher salaries than those located in smaller cities. Additionally, graduates from business schools in certain countries can also expect to earn more than their peers located in other parts of the world due to differences in regional salaries.

For instance, the Financial Times rating of MBA programs found that graduates from Columbia Business School in the United States had an average starting salary of $162,824. On the other hand, students from similar programs at universities located outside of the US had significantly lower salaries. For example, graduates from the Hong Kong University of Science and Technology had an average starting salary of $42,741 and those from London Business School had an average salary of $76,062.

Therefore, it is important to consider the location of a business school when looking at MBA starting salaries. Graduates from schools located in high-paying regions are likely to earn more than those from lower-paying regions. Additionally, employers may also take into account regional differences when determining how much to pay MBA graduates.

Exploring the Effect of Company Size on MBA Salaries

As MBA graduates, it is important to understand the role that company size can play in our earnings potential. According to the Graduate Management Admission Council (GMAC) Business School Hiring Report, larger companies tend to pay higher starting salaries than smaller companies. In 2021, companies with 1,000 or more employees reported an average starting salary of $126,681 for MBA graduates, while those with less than 500 employees offered an average of $118,890.

However, it is important to note that the size of a company does not always directly correlate to salary. In some cases, a smaller company may be able to offer a higher starting salary due to their specialized industry or niche market. Additionally, it is important to consider the role of benefits when comparing salaries between different companies. A larger company may offer greater benefits packages than a smaller company and should be taken into account when making decisions about employment.

Overall, company size can play an important role in MBA graduates’ potential earnings. It is important for MBA graduates to understand the potential salary implications of working for both large and small companies. With this knowledge, MBA graduates can make informed decisions about their career paths that will set them up for long-term success.

Considering the Impact of Previous Experience on MBA Salaries

It’s no surprise that a person’s prior experience can have a significant impact on their starting salary. Employers often look to hire people with the right skills and experience to fill specific roles, and they are usually willing to pay more for this type of expertise. To get a better understanding of how experience can influence MBA starting salaries, we took a look at the data from our case study.

We found that on average, MBAs with prior work experience commanded significantly higher starting salaries than those without. This was especially true for those with 5-10 years of experience, who received an average starting salary of $150,000 compared to $120,000 for those without any prior work history.

Interestingly, the data also suggested that having more than 10 years of previous experience may not necessarily result in higher starting salaries. This could be due to employers preferring to hire MBAs with a fresh perspective on the industry and current business trends.

Overall, it is clear that having prior work experience can have a positive impact on MBA starting salaries. Employers are willing to pay more for experienced candidates because they require less training and can quickly hit the ground running in their new role. Therefore, it is important for MBA applicants to highlight their previous work experience when applying for jobs in order to secure the best possible salary.

Examining Salary by Previous Job Title

When it comes to MBA starting salaries, employers often take into account the job title held by the applicant prior to enrolling in their MBA program. This is because employers may view those who have already held higher-level positions as being more qualified and experienced than other applicants. As such, it is important for those considering an MBA program to consider how their job title may affect their starting salaries upon graduation.

By looking at salary data from the Graduate Management Admission Council’s Business School Hiring Report, we can see that those with a managerial or executive-level position prior to entering an MBA program tend to earn higher salaries than those without such experience. According to the report, MBA graduates with executive-level positions before enrolling in their MBA programs earned an average of $153,000 in 2021. Meanwhile, graduates without executive-level experience earned an average of $138,000.

This disparity in salaries is likely due to the fact that employers value experience and are willing to pay a premium for it. Those with managerial or executive-level experience have likely had more exposure and responsibility than those without such experience, making them better suited for positions that require higher levels of expertise and decision making.

It is important to note that not all job titles are created equal when it comes to MBA starting salaries. For instance, graduates with a finance background tend to earn higher salaries than other applicants. According to the GMAC report, those with a finance background earned an average of $150,000 in 2021.

We can also see that graduates who previously held sales and marketing positions tend to earn slightly less than graduates with

Investigating the Influence of Networking on MBAs’ Starting Salaries

Networking is an important aspect of preparing for a successful career in business, and it can have a significant impact on MBA starting salaries. In particular, MBA graduates who have a robust network of contacts and connections are more likely to receive higher salaries. This is because employers recognize the value of having well-connected MBA graduates as part of their team. Moreover, having connections can help MBA graduates get their foot in the door and better negotiate their salary packages. Additionally, having strong connections with potential employers can also lead to job offers with better compensation packages. As such, networking is an important tool that can be used to increase MBA starting salaries.