2024 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 Elizabeth City State University MBA, the average MBA graduate annual salary is $35,850.00 . A degree from Stanford University, will provide an annual salary of $182,272.00.

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 $81,243.27 with the lowest of starting of $35,850.00 and the highest reported starting salary of $182,272.00.

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

Rank	University	ROI	In State Tuition	Avg. Starting Salary	State	Online
1	Stanford University	55.04%	$165,591	$182,272	CA	No
2	Harvard University	58.40%	$149,820	$175,000	MA	No
2	Northwestern University	54.00%	$162,030	$175,000	IL	No
4	University of Illinois at Chicago	139.37%	$60,264	$167,977	IL	Yes
5	University of Pennsylvania	46.26%	$179,852	$166,391	PA	No
6	The University of Chicago	49.55%	$167,393	$165,887	IL	No
7	Columbia University	44.96%	$180,258	$162,099	NY	No
8	New York University	50.42%	$160,130	$161,475	NY	No
9	Dartmouth College	48.31%	$165,442	$159,842	NH	No
10	Massachusetts Institute of Technology	48.59%	$164,000	$159,391	MA	No
11	University of Virginia-Darden	51.95%	$151,200	$157,090	VA	Yes
12	Cornell University	35.29%	$219,688	$155,048	NY	No
13	Texas State University	331.69%	$23,365	$155,000	TX	Yes
14	The University of Michigan	55.99%	$137,056	$153,465	MI	Yes
15	University of California, Berkeley	54.73%	$139,628	$152,831	CA	No
16	Yale University	49.74%	$153,540	$152,744	CT	No
17	Duke University	48.33%	$157,546	$152,297	NC	Yes
18	University of Washington Tacoma	152.84%	$49,504	$151,322	WA	No
19	University of Southern California	48.70%	$154,339	$150,314	CA	Yes
20	Emory University	49.36%	$151,689	$149,759	GA	Yes
21	Carnegie Mellon University	50.21%	$147,456	$148,067	PA	Yes
22	University of Washington	95.81%	$76,890	$147,340	WA	No
23	University of California, Los Angeles	51.61%	$142,142	$146,727	CA	No
24	The University of Texas at Austin	60.02%	$120,432	$144,564	TX	No
25	Rice University	51.13%	$139,081	$142,212	TX	Yes
26	Vanderbilt University	53.32%	$131,000	$139,711	TN	No
27	Georgetown University	55.50%	$124,814	$138,552	DC	Yes
28	Georgia Institute of Technology	107.89%	$63,404	$136,819	GA	No
29	Indiana University Bloomington/Indianapolis	112.02%	$60,858	$136,352	IN	Yes
30	The University of North Carolina at Chapel Hill	65.25%	$102,314	$133,517	NC	Yes
31	University of Notre Dame	53.85%	$123,500	$133,018	IN	No
32	University of Rochester	61.40%	$108,038	$132,671	NY	No
33	Jacksonville University	205.82%	$31,500	$129,665	FL	Yes
34	Fordham University	64.08%	$99,497	$127,511	NY	Yes
35	Howard University	89.34%	$71,204	$127,223	DC	Yes
36	Johns Hopkins University	47.76%	$133,000	$127,044	MD	Yes
37	The Pennsylvania State University Great Valley School of Graduate Professional Studies	150.06%	$42,316	$127,000	PA	Yes
38	Arizona State University	101.59%	$61,354	$124,664	AZ	Yes
39	University of Massachusetts Boston	318.68%	$19,499	$124,277	MA	Yes
40	The University of Texas at Dallas	171.45%	$35,918	$123,163	TX	Yes
41	University of California, Irvine	63.13%	$97,342	$122,899	CA	Yes
42	Southern Methodist University	60.97%	$100,541	$122,609	TX	Yes
43	Santa Clara University	72.74%	$83,860	$122,000	CA	Yes
44	University of Minnesota	68.17%	$89,402	$121,882	MN	Yes
45	University of Maryland	61.25%	$98,865	$121,103	MD	Yes
46	Boston University	48.65%	$124,248	$120,884	MA	Yes
47	University of Washington Bothell	115.17%	$52,446	$120,800	WA	No
48	The University of Georgia	196.87%	$30,606	$120,510	GA	Yes
49	Michigan State University	172.92%	$34,564	$119,539	MI	Yes
50	Brigham Young University	101.87%	$58,544	$119,281	UT	No
51	University of Wisconsin-Madison	107.05%	$55,575	$118,983	WI	No
52	Baruch College-The City University of New York	158.86%	$37,338	$118,633	NY	Yes
53	Washington University in St. Louis	43.91%	$134,020	$117,687	MO	Yes
54	Indiana University Bloomington	93.64%	$62,688	$117,400	IN	Yes
55	Saint Mary's College of California	144.31%	$40,608	$117,200	CA	Yes
56	University of Florida	221.35%	$26,473	$117,197	FL	Yes
57	Boston College	49.36%	$118,336	$116,815	MA	No
58	Villanova University	97.33%	$60,000	$116,800	PA	Yes
59	The Citadel	267.29%	$21,830	$116,700	SC	Yes
60	University of Utah	88.54%	$65,700	$116,348	UT	Yes
61	The George Washington University	51.26%	$113,090	$115,951	DC	Yes
62	Texas A&M University	93.21%	$62,000	$115,585	TX	Yes
62	Texas A&M University-Texarkana	458.20%	$12,613	$115,585	TX	Yes
64	Wright State University	204.77%	$28,080	$115,000	OH	Yes
65	The Pennsylvania State University	93.48%	$61,236	$114,483	PA	Yes
66	Rutgers-The State University of New Jersey-Newark/New Brunswick	97.36%	$58,442	$113,800	NJ	Yes
67	Yeshiva University	62.22%	$90,984	$113,214	NY	Yes
68	California Polytechnic State University, San Luis Obispo	206.01%	$27,462	$113,151	CA	No
69	Dominican University	176.54%	$32,004	$113,000	IL	Yes
70	The University of Iowa	240.52%	$23,453	$112,820	IA	Yes
71	College of William and Mary	133.33%	$42,000	$112,000	VA	Yes
72	University of Massachusetts Amherst	165.41%	$33,622	$111,227	MA	Yes
73	Hofstra University	93.71%	$58,960	$110,500	NY	Yes
74	George Mason University	145.88%	$37,737	$110,100	VA	Yes
75	University of Dayton	163.59%	$33,600	$109,932	OH	Yes
76	University of Miami	59.35%	$92,290	$109,555	FL	Yes
77	University of California, Davis	61.53%	$88,634	$109,075	CA	Yes
78	Brandeis University	45.33%	$120,223	$109,000	MA	No
79	Babson College	60.69%	$89,550	$108,703	MA	Yes
80	University of Colorado Denver	114.91%	$47,102	$108,246	CO	Yes
81	Texas Christian University	46.60%	$115,380	$107,543	TX	Yes
82	The University of Arizona	95.42%	$56,250	$107,345	AZ	Yes
83	North Carolina A&T State University	385.02%	$13,938	$107,327	NC	Yes
84	Tennessee State University	566.59%	$9,452	$107,108	TN	Yes
85	The Ohio State University	50.31%	$106,123	$106,779	OH	Yes
86	American University	53.76%	$98,282	$105,666	DC	Yes
87	University of California, San Diego	48.93%	$106,246	$103,969	CA	No
88	University of Pittsburgh	90.01%	$57,195	$102,965	PA	Yes
89	Hult International Business School	60.55%	$85,000	$102,928	MA	Yes
90	Saginaw Valley State University	236.62%	$21,649	$102,450	MI	Yes
91	University of Connecticut	115.08%	$44,100	$101,501	CT	Yes
92	The Pennsylvania State University at Harrisburg	158.63%	$31,962	$101,400	PA	Yes
92	University of Tennessee at Knoxville	130.42%	$38,875	$101,400	TN	Yes
94	University of San Diego	72.79%	$69,610	$101,333	CA	No
95	Colorado Mesa University	261.55%	$19,155	$100,200	CO	Yes
96	Northeastern University	48.77%	$102,582	$100,063	MA	Yes
97	Indiana State University	263.16%	$19,000	$100,000	IN	Yes
98	New Jersey Institute of Technology	74.73%	$66,576	$99,501	NJ	Yes
99	California State University, Los Angeles	224.70%	$22,052	$99,100	CA	No
99	Ramapo College of New Jersey	105.67%	$46,892	$99,100	NJ	Yes
101	University of Illinois at Urbana-Champaign	145.83%	$33,772	$98,500	IL	Yes
102	University of Denver	50.85%	$96,638	$98,276	CO	Yes
103	Clarion University of Pennsylvania	190.35%	$25,637	$97,600	PA	Yes
104	Clark Atlanta University	138.96%	$35,028	$97,350	GA	Yes
105	Tulane University	41.90%	$116,040	$97,241	LA	Yes
106	University of South Carolina	182.06%	$26,485	$96,435	SC	Yes
107	Saint Xavier University	123.59%	$38,961	$96,302	IL	Yes
108	University of Oklahoma	144.42%	$33,306	$96,200	OK	Yes
109	Temple University	79.99%	$60,000	$95,989	PA	Yes
110	Case Western Reserve University	52.08%	$92,040	$95,875	OH	Yes
111	Lehigh University	69.45%	$68,900	$95,699	PA	Yes
112	North Carolina State University	85.77%	$55,732	$95,606	NC	Yes
113	The Pennsylvania State University at Erie The Behrend College	78.40%	$60,972	$95,600	PA	Yes
114	Jacksonville State University	310.13%	$15,408	$95,570	AL	Yes
115	Western Michigan University	161.69%	$29,377	$95,000	MI	Yes
116	University of Hartford	156.62%	$30,168	$94,500	CT	Yes
117	Central Michigan University	172.80%	$27,300	$94,350	MI	Yes
118	Colorado State University	110.99%	$42,480	$94,300	CO	Yes
119	University of Nevada, Las Vegas	215.34%	$21,784	$93,820	NV	Yes
120	Georgia State University	128.14%	$36,522	$93,600	GA	Yes
121	University of Colorado at Boulder	83.40%	$55,997	$93,401	CO	No
122	Northern Illinois University	178.95%	$26,096	$93,400	IL	Yes
123	The University of Michigan-Dearborn	91.38%	$50,997	$93,200	MI	Yes
124	University of Wyoming	175.76%	$26,460	$93,010	WY	Yes
125	University of Minnesota Duluth	137.51%	$33,798	$92,953	MN	No
126	Miami University	34.00%	$136,342	$92,700	OH	Yes
127	Montclair State University	133.26%	$34,669	$92,400	NJ	Yes
128	Eastern Michigan University	133.03%	$34,616	$92,100	MI	Yes
128	James Madison University	60.91%	$75,600	$92,100	VA	Yes
130	Saint Joseph's University	107.20%	$42,912	$92,000	PA	Yes
131	Cal Poly Humboldt	494.40%	$9,294	$91,900	CA	No
132	Radford University	286.54%	$15,984	$91,600	VA	Yes
132	Mississippi State University	372.54%	$12,294	$91,600	MS	Yes
134	San Jose State University	115.61%	$39,270	$90,800	CA	Yes
135	Nova Southeastern University	120.30%	$37,722	$90,756	FL	Yes
136	Gonzaga University	115.55%	$39,270	$90,753	WA	Yes
137	Marquette University	97.28%	$46,620	$90,700	WI	Yes
138	University of Missouri-St. Louis	167.57%	$27,000	$90,489	MO	Yes
139	Murray State University	274.75%	$16,455	$90,419	KY	Yes
140	The College of New Jersey	89.14%	$50,482	$90,000	NJ	Yes
141	Loyola Marymount University	50.39%	$89,202	$89,900	CA	No
141	Shenandoah University	95.96%	$46,840	$89,900	VA	No
143	University of Mary Washington	230.28%	$19,476	$89,700	VA	Yes
144	University of Alaska Fairbanks	215.37%	$20,772	$89,474	AK	Yes
145	California State Polytechnic University Pomona	150.07%	$29,800	$89,440	CA	No
146	Pepperdine University	42.78%	$104,333	$89,258	CA	Yes
147	University of Nebraska at Omaha	254.96%	$17,493	$89,200	NE	Yes
148	Loyola University Chicago	60.65%	$73,375	$89,000	IL	Yes
148	University of Montana	312.06%	$14,260	$89,000	MT	Yes
149	Middle Tennessee State University	166.59%	$26,712	$89,000	TN	Yes
151	University of Massachusetts Dartmouth	252.09%	$17,578	$88,625	MA	Yes
152	California State University, Fresno	163.89%	$27,000	$88,500	CA	Yes
153	Grand Canyon University	248.31%	$17,800	$88,400	AZ	Yes
154	Queens University of Charlotte	105.03%	$41,940	$88,100	NC	Yes
154	Xavier University	128.80%	$34,200	$88,100	OH	Yes
156	University of Dallas	95.86%	$45,900	$88,000	TX	Yes
157	University of Maine	224.45%	$19,500	$87,535	ME	Yes
157	University of Southern Maine	214.86%	$20,370	$87,535	ME	Yes
159	University of Wisconsin Oshkosh	149.82%	$29,168	$87,400	WI	Yes
160	Purdue University Calumet	352.63%	$12,350	$87,100	IN	Yes
160	Purdue University Northwest	352.63%	$12,350	$87,100	IN	Yes
162	Drexel University	73.48%	$59,241	$87,061	PA	Yes
163	University of Cincinnati	181.31%	$23,996	$87,013	OH	Yes
164	Seattle University	81.87%	$53,130	$87,000	WA	Yes
165	Bentley University	64.72%	$67,080	$86,822	MA	Yes
166	Sonoma State University	454.50%	$9,494	$86,300	CA	No
166	Oakland University	143.72%	$30,024	$86,300	MI	Yes
168	DePaul University	79.70%	$53,952	$86,000	IL	No
169	Michigan Technological University	87.18%	$49,294	$85,950	MI	Yes
170	University of Houston	91.36%	$47,000	$85,878	TX	Yes
171	Syracuse University	63.61%	$67,392	$85,731	NY	Yes
172	Stevens Institute of Technology	52.15%	$81,880	$85,398	NJ	Yes
173	University of Oregon	64.84%	$65,726	$85,236	OR	No
174	Central Connecticut State University	330.79%	$12,848	$85,000	CT	No
174	Minnesota State University Moorhead	162.09%	$26,220	$85,000	MN	Yes
175	Utah State University	118.06%	$36,000	$85,000	UT	Yes
177	Florida Southern College	124.07%	$34,155	$84,749	FL	Yes
178	Trinity University	141.08%	$30,000	$84,646	TX	No
179	New York Institute of Technology	76.28%	$55,440	$84,580	NY	Yes
180	University of North Carolina at Charlotte	111.03%	$37,946	$84,260	NC	Yes
181	Rensselaer Polytechnic Institute	45.51%	$92,510	$84,200	NY	No
182	Frostburg State University	250.00%	$16,740	$83,700	MD	Yes
182	The University of Tulsa	81.24%	$51,516	$83,700	OK	Yes
184	Rider University	109.54%	$38,160	$83,600	NJ	Yes
185	University of Nevada, Reno	217.57%	$19,000	$82,677	NV	Yes
186	Elon University	97.78%	$42,237	$82,600	NC	No
187	University of San Francisco	52.08%	$79,200	$82,500	CA	No
188	Lawrence Technological University	49.46%	$83,400	$82,499	MI	Yes
189	Mercer University-Macon and Atlanta Campuses	142.31%	$28,980	$82,485	GA	Yes
190	California State University, Dominguez Hills	242.55%	$16,986	$82,400	CA	Yes
191	Illinois Institute of Technology	60.83%	$67,690	$82,352	IL	Yes
192	University of Houston-Downtown	220.89%	$18,623	$82,273	TX	Yes
193	Virginia Commonwealth University	120.32%	$34,172	$82,232	VA	Yes
194	Belmont University	59.39%	$69,207	$82,200	TN	No
195	University of Scranton	118.16%	$34,740	$82,100	PA	Yes
196	University of Delaware	102.62%	$39,954	$82,000	DE	Yes
197	Fairleigh Dickinson University	106.31%	$38,520	$81,900	NJ	Yes
197	Fairleigh Dickinson University	60.70%	$67,468	$81,900	NJ	Yes
199	St. Cloud State University	141.19%	$28,969	$81,800	MN	Yes
200	University of Oklahoma	122.79%	$33,306	$81,793	OK	Yes
201	California State University, Fullerton	91.47%	$44,550	$81,500	CA	Yes
202	Siena College	118.42%	$34,200	$81,000	NY	No
202	Oklahoma City University	149.03%	$27,175	$81,000	OK	Yes
204	Stonehill College	86.80%	$46,642	$80,970	MA	No
205	Claremont Graduate University	41.85%	$96,520	$80,778	CA	No
206	Providence College	135.32%	$29,810	$80,678	RI	No
207	Suffolk University	67.73%	$59,391	$80,455	MA	Yes
208	University of Hawaii at Manoa	188.84%	$21,288	$80,400	HI	No
209	Morgan State University	248.52%	$16,095	$80,000	MD	Yes
210	University of Arkansas	112.47%	$35,527	$79,911	AR	No
211	University of Richmond	55.34%	$72,000	$79,683	VA	No
212	SUNY University at Albany	114.55%	$34,750	$79,615	NY	Yes
212	University at Albany, State University of New York	114.55%	$34,750	$79,615	NY	Yes
214	Northern Kentucky University	204.70%	$19,443	$79,600	KY	Yes
214	Meredith College	117.09%	$33,990	$79,600	NC	Yes
216	University of St. Thomas-Houston	113.39%	$35,000	$79,371	TX	Yes
217	Baylor University	46.20%	$85,692	$79,176	TX	Yes
218	University of Tennessee at Chattanooga	153.26%	$25,788	$79,043	TN	Yes
219	The University of Texas at Arlington	175.08%	$22,504	$78,800	TX	Yes
220	Clemson University	91.40%	$43,088	$78,767	SC	Yes
221	California State University, Bakersfield	547.66%	$7,176	$78,600	CA	Yes
222	Sacred Heart University	109.24%	$35,840	$78,300	CT	Yes
223	Portland State University	76.75%	$50,984	$78,264	OR	Yes
224	Florida Atlantic University	108.64%	$36,000	$78,220	FL	Yes
225	Seton Hall University	68.22%	$57,225	$78,081	NJ	Yes
226	West Texas A&M University	188.18%	$20,725	$78,000	TX	Yes
226	The University of Texas at San Antonio	159.11%	$24,512	$78,000	TX	Yes
228	Wake Forest University	48.64%	$79,975	$77,800	NC	Yes
229	Auburn University	141.74%	$27,385	$77,633	AL	Yes
230	Kansas State University	241.60%	$16,049	$77,550	KS	Yes
231	California State University, Northridge	125.25%	$30,897	$77,400	CA	No
231	University of Baltimore	110.17%	$35,128	$77,400	MD	Yes
232	Indiana University-Purdue University Fort Wayne	230.96%	$16,756	$77,400	IN	Yes
234	Duquesne University	67.66%	$57,090	$77,253	PA	Yes
235	The University of Texas of the Permian Basin	290.52%	$13,252	$77,000	TX	Yes
236	Illinois State University	191.77%	$20,050	$76,900	IL	No
237	University of Idaho	386.65%	$9,912	$76,650	ID	Yes
238	University of Massachusetts Lowell	146.59%	$26,127	$76,600	MA	Yes
238	California State University, East Bay	318.21%	$12,036	$76,600	CA	Yes
239	San Francisco State University	337.09%	$11,362	$76,600	CA	No
240	Widener University	106.09%	$36,102	$76,600	PA	Yes
242	Ball State University	180.21%	$21,197	$76,400	IN	Yes
243	Chapman University	39.06%	$97,750	$76,368	CA	No
244	Western New England University	105.97%	$36,000	$76,300	MA	Yes
245	Saint Louis University	101.79%	$37,470	$76,282	MO	No
246	California State University, San Bernardino	91.81%	$41,500	$76,200	CA	Yes
246	Grand Valley State University	126.90%	$30,024	$76,200	MI	Yes
248	California State University, Sacramento	150.44%	$25,260	$76,000	CA	Yes
249	Savannah State University	413.81%	$9,180	$75,976	GA	Yes
250	Oregon State University	72.85%	$52,090	$75,900	OR	Yes
251	Old Dominion University	120.07%	$31,564	$75,800	VA	Yes
252	Utah Valley University	271.21%	$13,956	$75,700	UT	Yes
253	Iowa State University	126.06%	$29,966	$75,552	IA	Yes
254	University of Houston-Victoria	342.25%	$11,030	$75,500	TX	Yes
255	Bryant University	89.40%	$42,180	$75,417	RI	Yes
256	University of Central Florida	96.41%	$39,000	$75,200	FL	Yes
257	Binghamton University	215.07%	$17,469	$75,142	NY	No
258	Adelphi University	49.72%	$75,420	$75,000	NY	Yes
258	Indiana University Northwest	502.82%	$7,458	$75,000	IN	Yes
259	University of Alabama at Birmingham	231.48%	$16,200	$75,000	AL	Yes
261	The University of Memphis	157.89%	$23,688	$74,800	TN	Yes
262	Northeastern Illinois University	152.56%	$24,367	$74,350	IL	Yes
263	University of South Carolina Upstate	261.19%	$14,224	$74,302	SC	Yes
264	The University of Alabama	130.49%	$28,377	$74,060	AL	Yes
265	Southern Arkansas University	268.35%	$13,788	$74,000	AR	Yes
265	Columbus State University	407.18%	$9,087	$74,000	GA	Yes
267	Wayne State University	134.58%	$27,472	$73,946	MI	Yes
268	Governors State University	267.99%	$13,788	$73,900	IL	Yes
268	The University of Rhode Island	524.26%	$7,048	$73,900	RI	No
270	California State University, Stanislaus	147.97%	$24,938	$73,800	CA	Yes
271	New Mexico State University	356.31%	$10,314	$73,500	NM	Yes
271	University of Portland	62.70%	$58,617	$73,500	OR	No
273	University of Wisconsin-River Falls	134.66%	$27,216	$73,300	WI	Yes
273	University of Toledo	155.92%	$23,506	$73,300	OH	Yes
274	Oklahoma State University	189.95%	$19,295	$73,300	OK	Yes
276	University of Nebraska at Kearney	275.14%	$13,293	$73,150	NE	Yes
277	Quinnipiac University	70.17%	$52,015	$73,000	CT	Yes
278	University of Detroit Mercy	129.95%	$28,050	$72,900	MI	Yes
279	Missouri University of Science and Technology	220.16%	$16,488	$72,600	MO	Yes
280	University of North Texas	69.40%	$52,268	$72,545	TX	Yes
281	University of South Florida St. Petersburg	213.24%	$17,000	$72,500	FL	Yes
281	University at Buffalo	94.50%	$38,358	$72,500	NY	Yes
283	University of California, Riverside	36.79%	$98,293	$72,321	CA	No
284	Kennesaw State University	189.47%	$19,000	$72,000	GA	Yes
285	San Diego State University	115.22%	$31,200	$71,900	CA	No
286	California State University, Long Beach	78.76%	$45,600	$71,833	CA	Yes
287	Georgia College & State University	156.29%	$22,970	$71,800	GA	Yes
288	Pace University	30.66%	$116,744	$71,590	NY	Yes
289	The University of Michigan-Flint	48.69%	$73,328	$71,400	MI	Yes
290	Boise State University	162.06%	$21,932	$71,088	ID	Yes
291	University of Alabama in Huntsville	165.25%	$21,483	$71,000	AL	Yes
291	University of Colorado Colorado Springs	128.40%	$27,648	$71,000	CO	Yes
293	University at Buffalo, State University of New York	99.31%	$35,716	$70,938	NY	Yes
294	William Paterson University	147.98%	$23,820	$70,500	NJ	Yes
295	College of Charleston	124.65%	$28,204	$70,314	SC	Yes
296	Ithaca College	109.71%	$32,040	$70,300	NY	No
297	Georgia Southern University	357.29%	$9,824	$70,200	GA	Yes
298	The University of North Carolina at Greensboro	140.20%	$25,000	$70,100	NC	Yes
299	Clarkson University	59.30%	$59,032	$70,017	NY	Yes
300	Willamette University	43.24%	$80,500	$69,615	OR	No
301	Idaho State University	259.86%	$13,392	$69,600	ID	Yes
302	Rockhurst University	143.69%	$24,150	$69,400	MO	Yes
303	Shippensburg University	100.79%	$34,380	$69,300	PA	Yes
304	Towson University	143.56%	$24,084	$69,150	MD	Yes
305	University of New Orleans	171.65%	$20,128	$69,100	LA	Yes
306	University of Houston-Clear Lake	164.90%	$20,892	$68,900	TX	Yes
307	University of Kansas	105.16%	$32,701	$68,780	KS	Yes
308	University of Alaska Anchorage	155.00%	$22,161	$68,700	AK	No
308	Iona University	68.78%	$49,940	$68,700	NY	Yes
310	University of Illinois at Springfield	230.23%	$14,833	$68,300	IL	Yes
311	Northern Arizona University	309.43%	$11,004	$68,100	AZ	Yes
312	University of Wisconsin-Milwaukee	103.60%	$32,769	$67,900	WI	Yes
313	Western Illinois University	222.57%	$15,231	$67,800	IL	Yes
314	La Salle University	124.54%	$27,200	$67,750	PA	Yes
315	University of Kentucky	85.65%	$39,449	$67,579	KY	No
316	Bucknell University	52.39%	$64,418	$67,500	PA	No
317	Western Washington University	69.25%	$48,448	$67,100	WA	No
318	Indiana University Kokomo	246.63%	$13,563	$66,900	IN	No
319	Tennessee Technological University	61.85%	$54,000	$66,800	TN	Yes
320	Texas Tech University	118.48%	$28,155	$66,717	TX	Yes
321	University of New Hampshire	80.94%	$41,182	$66,667	NH	Yes
322	Manhattan College	67.98%	$48,970	$66,575	NY	Yes
323	Roger Williams University	81.74%	$40,648	$66,450	RI	No
324	Stetson University	85.27%	$38,700	$66,000	FL	Yes
324	University of Northern Iowa	137.98%	$23,917	$66,000	IA	No
325	University of Vermont	103.52%	$31,878	$66,000	VT	Yes
327	Stephen F. Austin State University	283.53%	$11,630	$65,950	TX	Yes
328	The University of Tampa	30.70%	$107,114	$65,758	FL	Yes
329	Pacific Lutheran University	68.92%	$47,664	$65,700	WA	No
330	Oklahoma State University	170.06%	$19,295	$65,626	OK	Yes
331	Long Island University-Post Campus	61.36%	$53,454	$65,600	NY	Yes
331	The University of Texas Rio Grande Valley	184.84%	$17,745	$65,600	TX	Yes
333	Philadelphia University	106.52%	$30,744	$65,500	PA	Yes
334	Wichita State University	173.22%	$18,849	$65,300	KS	Yes
335	Washburn University	179.76%	$18,080	$65,000	KS	No
335	Creighton University	97.79%	$33,234	$65,000	NE	Yes
336	John Carroll University	100.45%	$32,356	$65,000	OH	Yes
338	Valparaiso University	105.33%	$30,780	$64,840	IN	Yes
339	Rochester Institute of Technology	29.90%	$108,352	$64,800	NY	Yes
339	Fairfield University	77.92%	$41,580	$64,800	CT	Yes
341	Indiana University Southeast	433.43%	$7,458	$64,650	IN	Yes
342	University of New Haven	81.22%	$39,770	$64,600	CT	Yes
343	Louisiana State University	63.52%	$50,486	$64,142	LA	Yes
344	Whitworth University	92.66%	$34,560	$64,050	WA	Yes
345	Valdosta State University	139.92%	$22,870	$64,000	GA	Yes
345	Monmouth University	47.65%	$67,152	$64,000	NJ	Yes
347	Indiana University of Pennsylvania	109.65%	$29,001	$63,600	PA	Yes
347	Lamar University	198.75%	$16,000	$63,600	TX	Yes
349	University of Wisconsin-Parkside	206.99%	$15,327	$63,450	WI	Yes
350	University of Arkansas at Little Rock	175.14%	$18,071	$63,300	AR	Yes
350	Christopher Newport University	128.03%	$24,720	$63,300	VA	No
352	Appalachian State University	181.20%	$17,463	$63,285	NC	Yes
353	Augusta University	296.51%	$10,590	$62,800	GA	Yes
354	Auburn University at Montgomery	109.64%	$28,593	$62,700	AL	Yes
355	St. John's University	37.63%	$83,205	$62,619	NY	Yes
356	Missouri State University	206.51%	$15,108	$62,400	MO	Yes
356	Abilene Christian University	120.93%	$25,800	$62,400	TX	Yes
357	University of Central Oklahoma	344.07%	$9,068	$62,400	OK	Yes
358	State University of New York at Oswego	192.21%	$16,232	$62,400	NY	Yes
360	University of Southern Mississippi	181.83%	$17,131	$62,300	MS	Yes
361	Arkansas State University	223.18%	$13,935	$62,200	AR	Yes
362	Florida International University	73.95%	$42,000	$62,115	FL	Yes
363	University of North Florida	174.52%	$17,767	$62,014	FL	Yes
364	Western Kentucky University	246.03%	$12,600	$62,000	KY	Yes
365	University of Montevallo	191.91%	$16,140	$61,950	AL	Yes
366	West Virginia University	127.40%	$24,273	$61,847	WV	Yes
367	East Carolina University	170.43%	$18,072	$61,600	NC	Yes
368	The University of Akron	171.78%	$17,872	$61,400	OH	Yes
369	Clark University	51.94%	$59,080	$61,367	MA	Yes
370	Le Moyne College	84.97%	$35,952	$61,100	NY	No
370	Slippery Rock University	120.67%	$25,318	$61,100	PA	Yes
372	The University of New Mexico	114.13%	$26,725	$61,000	NM	Yes
373	The University of Mississippi	117.65%	$25,914	$60,977	MS	Yes
374	Prairie View A&M University	127.64%	$23,699	$60,500	TX	Yes
375	Indiana University South Bend	404.26%	$7,458	$60,300	IN	Yes
376	Woodbury University	113.54%	$26,510	$60,200	CA	Yes
376	Eastern Illinois University	197.31%	$15,255	$60,200	IL	Yes
378	Loyola University Maryland	50.19%	$59,950	$60,182	MD	Yes
379	Salem State University	147.97%	$20,325	$60,150	MA	No
380	Rollins College	47.03%	$63,898	$60,100	FL	No
381	University of North Alabama	168.35%	$17,820	$60,000	AL	Yes
381	Texas A&M University-Corpus Christi	166.69%	$17,997	$60,000	TX	Yes
382	Winthrop University	103.45%	$29,000	$60,000	SC	Yes
384	St. Bonaventure University	80.12%	$37,380	$59,900	NY	Yes
385	University of West Georgia	197.69%	$15,125	$59,800	GA	Yes
386	Salisbury University	143.56%	$20,792	$59,700	MD	Yes
386	Florida Gulf Coast University	222.30%	$13,428	$59,700	FL	Yes
387	Niagara University	73.16%	$40,800	$59,700	NY	Yes
388	Kutztown University	159.69%	$18,692	$59,700	PA	Yes
390	Southern Illinois University Carbondale	135.63%	$21,972	$59,600	IL	Yes
391	Henderson State University	228.14%	$13,040	$59,500	AR	Yes
392	Drury University	125.00%	$23,760	$59,400	MO	Yes
392	Southeast Missouri State University	215.16%	$13,804	$59,400	MO	Yes
394	Butler University	75.64%	$39,000	$59,000	IN	Yes
395	Virginia State University	117.90%	$24,978	$58,900	VA	Yes
396	Samford University	87.78%	$33,264	$58,400	AL	Yes
397	University of Wisconsin-Stevens Point	103.37%	$28,224	$58,350	WI	Yes
398	Truman State University	202.08%	$14,400	$58,200	MO	No
399	Central Washington University	172.35%	$16,841	$58,050	WA	No
400	Alfred University	73.29%	$39,500	$57,900	NY	Yes
400	Texas Southern University	189.02%	$15,316	$57,900	TX	Yes
402	Clayton State University	170.00%	$17,000	$57,800	GA	Yes
403	Brooklyn College of the City University of New York	250.41%	$11,521	$57,700	NY	Yes
404	St. Mary's University	77.71%	$37,061	$57,600	TX	Yes
405	Bradley University	80.37%	$35,740	$57,450	IL	Yes
406	Ohio Northern University	39.25%	$73,000	$57,300	OH	No
407	University of West Florida	229.53%	$12,460	$57,200	FL	Yes
408	St. John Fisher College	60.79%	$46,836	$56,947	NY	Yes
409	Montana State University	79.92%	$35,565	$56,850	MT	No
409	University of Evansville	61.88%	$45,936	$56,850	IN	No
410	State University of New York at Geneseo	231.19%	$12,295	$56,850	NY	No
412	Nicholls State University	69.39%	$40,812	$56,641	LA	Yes
413	Florida State University	151.25%	$18,693	$56,545	FL	Yes
414	Southern University at New Orleans	97.63%	$28,884	$56,400	LA	Yes
415	Canisius College	67.23%	$41,880	$56,315	NY	Yes
416	Marshall University	146.58%	$19,170	$56,200	WV	Yes
417	Jackson State University	186.33%	$15,000	$55,900	MS	Yes
418	University of South Florida	186.27%	$14,955	$55,714	FL	Yes
419	Barry University	77.72%	$35,640	$55,400	FL	Yes
420	State University of New York College at Plattsburgh	210.92%	$13,121	$55,350	NY	No
421	Loyola University New Orleans	77.44%	$35,700	$55,290	LA	Yes
422	North Dakota State University	130.82%	$21,022	$55,000	ND	Yes
423	University of Louisville	85.79%	$32,000	$54,903	KY	Yes
424	Bellarmine University	84.24%	$32,495	$54,750	KY	Yes
425	University of Louisiana at Monroe	251.39%	$10,800	$54,300	LA	Yes
425	Fayetteville State University	194.54%	$13,956	$54,300	NC	Yes
427	Washington and Lee University	42.70%	$63,315	$54,066	VA	No
428	Bowling Green State University	98.99%	$27,200	$53,853	OH	Yes
429	Berry College	128.21%	$21,000	$53,850	GA	Yes
430	Southern Utah University	292.01%	$9,212	$53,800	UT	Yes
431	University of Central Arkansas	238.90%	$11,239	$53,700	AR	Yes
432	The University of Texas at El Paso	128.19%	$20,634	$52,900	TX	Yes
433	Midwestern State University	186.51%	$14,174	$52,872	TX	Yes
434	Black Hills State University	186.52%	$14,114	$52,650	SD	Yes
435	Pittsburg State University	190.79%	$13,785	$52,600	KS	Yes
436	Coastal Carolina University	142.20%	$18,460	$52,500	SC	Yes
437	California State University-San Marcos	85.85%	$30,518	$52,400	CA	No
437	East Tennessee State University	197.29%	$13,280	$52,400	TN	Yes
439	Kent State University	131.45%	$19,908	$52,337	OH	Yes
440	Missouri Western State University	200.69%	$12,893	$51,750	MO	Yes
441	University of Louisiana at Lafayette	81.84%	$31,281	$51,200	LA	Yes
442	Lander University	155.05%	$16,350	$50,700	SC	Yes
443	Fort Lewis College	150.77%	$16,714	$50,400	CO	No
444	Ohio University	115.68%	$21,438	$49,598	OH	Yes
445	Colorado State University-Pueblo	102.41%	$24,168	$49,500	CO	Yes
445	Northern Michigan University	85.74%	$28,866	$49,500	MI	Yes
446	State University of New York at Fredonia	145.89%	$16,965	$49,500	NY	No
448	University of South Alabama	170.83%	$14,400	$49,200	AL	Yes
449	North Carolina Central University	201.62%	$11,978	$48,300	NC	Yes
450	Alabama A&M University	139.20%	$17,313	$48,200	AL	No
451	Northwestern State University of Louisiana	83.40%	$28,866	$48,150	LA	Yes
452	Southeastern Louisiana University	180.82%	$13,245	$47,900	LA	Yes
453	Stockton University	72.25%	$33,012	$47,700	NJ	Yes
454	University of South Dakota	159.66%	$14,892	$47,553	SD	Yes
455	McNeese State University	267.77%	$8,879	$47,550	LA	Yes
456	Norfolk State University	93.18%	$25,380	$47,300	VA	Yes
457	Louisiana Tech University	141.58%	$16,518	$46,771	LA	Yes
458	Millsaps College	64.80%	$36,072	$46,750	MS	No
459	Winston-Salem State University	104.17%	$22,248	$46,350	NC	Yes
460	Delaware State University	148.16%	$15,625	$46,300	DE	Yes
461	Arkansas Tech University	159.07%	$13,909	$44,250	AR	Yes
462	Western Carolina University	157.87%	$13,967	$44,100	NC	Yes
463	South Carolina State University	55.56%	$38,880	$43,200	SC	Yes
464	Francis Marion University	133.81%	$15,918	$42,600	SC	Yes
465	Campbell University MBA	66.93%	$30,060	$40,239	NC	No
466	Montreat College	97.88%	$18,900	$37,000	NC	No
467	Elizabeth City State University MBA	154.13%	$11,630	$35,850	NC	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.