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.
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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.
25 Highest MBA Starting Salaries for MBA Graduates
- University of Pennsylvania - $146,303.00
- Cornell University - $143,750.00
- Stanford University - $140,553.00
- Massachusetts Institute of Technology - $135,000.00
- Harvard University - $134,071.00
- Claremont Graduate University - $132,453.00
- The University of Chicago - $130,000.00
- Naval Postgraduate School - $128,000.00
- University of San Francisco - $127,244.00
- Northwestern University - $126,961.00
- Carnegie Mellon University - $126,250.00
- Columbia University - $125,000.00
- University of Virginia-Darden - $124,684.00
- Dartmouth College - $123,900.00
- The University of Michigan - $123,000.00
- University of Southern California - $122,634.00
- University of Wyoming - $122,500.00
- University of California, Berkeley - $122,488.00
- University of Maine - $122,449.00
- Duke University - $121,283.00
- University of California, Los Angeles - $121,250.00
- University of Washington - $119,904.00
- Boston College - $119,818.00
- Lehigh University - $118,000.00
- Bowling Green State University - $118,000.00
25 Lowest MBA Starting Salaries for MBA Graduates
- Shenandoah University - $41,538.00
- University of Southern Mississippi - $42,294.00
- Campbellsville University - $45,916.00
- University of Alabama at Birmingham - $48,462.00
- North Carolina A&T State University - $48,800.00
- Mount Saint Mary College - $48,830.00
- Southeast Missouri State University - $50,000.00
- University of Tennessee at Martin - $51,415.00
- Delaware State University - $52,000.00
- Texas A&M International University - $52,000.00
- California State University-San Marcos - $52,400.00
- Henderson State University - $52,500.00
- Schiller International University - Florida - $53,000.00
- Morgan State University - $53,014.00
- Hodges University - $53,300.00
- Southeastern Oklahoma State University - $53,789.00
- Minnesota State University Moorhead - $55,000.00
- Florida Institute of Technology - $55,000.00
- Jackson State University - $55,000.00
- College of Charleston - $55,326.00
- Appalachian State University - $55,500.00
- University of Tennessee at Chattanooga - $55,689.00
- University of Southern Indiana - $55,955.00
- Mount St. Mary's University - $56,100.00
- California State University, Bakersfield - $56,126.00
![[Year] Average Mba Starting Salaries For Business School Graduates 1 Best Mba Starting Salaries For Graduates](https://www.mbaguide.org/wp-content/uploads/2022/06/graduate-salaries-mba-1024x683.jpg)
Best MBA Starting Salaries for Graduates
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 |
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Discover information on start dates, credit transfer processes, initial salary expectations, financial aid opportunities, GMAT requirements, tuition fees, student-to-faculty ratios, and average post-graduation employment rates.
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.
25 Highest MBA Starting Salaries for Online MBA Graduates
- Carnegie Mellon University - $126,250.00
- University of Virginia-Darden - $124,684.00
- University of Southern California - $122,634.00
- University of Wyoming - $122,500.00
- University of Maine - $122,449.00
- Western Governors University - $115,000.00
- Loyola University Chicago - $114,882.00
- Georgetown University - $112,501.00
- Saint Joseph's University - $112,500.00
- Brown University - $112,444.00
- Johns Hopkins University - $110,068.00
- Northern Kentucky University - $110,000.00
- The Pennsylvania State University - $109,000.00
- North Carolina State University - $108,969.00
- New York University - $108,053.00
- Marquette University - $106,808.00
- Creighton University - $106,039.00
- Stevens Institute of Technology - $106,000.00
- The University of Mississippi - $106,000.00
- Michigan State University - $105,963.00
- Villanova University - $105,559.00
- Rutgers-The State University of New Jersey-Newark/New Brunswick - $105,013.00
- The University of North Dakota - $105,000.00
- Regis University - $105,000.00
- University of Wisconsin Oshkosh - $105,000.00
25 Lowest MBA Starting Salaries for Online MBA Graduates
- University of Southern Mississippi - $42,294.00
- Campbellsville University - $45,916.00
- University of Alabama at Birmingham - $48,462.00
- Southeast Missouri State University - $50,000.00
- University of Tennessee at Martin - $51,415.00
- Henderson State University - $52,500.00
- Schiller International University - Florida - $53,000.00
- Hodges University - $53,300.00
- Southeastern Oklahoma State University - $53,789.00
- Minnesota State University Moorhead - $55,000.00
- Florida Institute of Technology - $55,000.00
- Jackson State University - $55,000.00
- College of Charleston - $55,326.00
- University of Tennessee at Chattanooga - $55,689.00
- University of Southern Indiana - $55,955.00
- Mount St. Mary's University - $56,100.00
- Saginaw Valley State University - $56,500.00
- Clarion University of Pennsylvania - $56,800.00
- Lamar University - $57,000.00
- University of West Georgia - $58,000.00
- Dominican University - $58,000.00
- Iona College - $58,250.00
- Sam Houston State University - $58,429.00
- Wilmington University - $58,700.00
- St. John's University - $59,276.00
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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.
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Jessa Cast is a professional freelance writer and editor whose experience includes several years of published magazine articles and two edited books, among other writing and editing projects. She is skilled in conducting research and interviewing subjects, copy and content editing, event planning, and using the Microsoft suite, as well as a variety of freelance business assistance offerings. She earned a Master of Business Administration (M.B.A.)
