Average MBA Salary | We list US MBA salaries by industry and school © HBS Facebook
What is the average salary of an MBA graduate in the US? Discover average MBA salaries by industry and MBA salaries at Harvard, Stanford, and more
Wednesday September 14, 2022
The cost of going to business school is undoubtedly highAmerica's Top MBA ProgramsAccording to our research, the average cost of college alone is $155,305BusinessBecause 2022 MBA Cost Report.But when it comes to graduate MBA salaries, your return on investment is huge.
A full-time MBA can pay off$20.000Work in the U.S. job market for a year directly after graduation – an MBA from a top-ranked university can net you a six-figure gross salary.
There is no single answer to the question "What will your salary be after your MBA?" MBA salaries vary by industry, location, and the business school you graduated from.
There are a lot moreReasons to Get an MBAMore than just salary increases, knowing MBA salaries across industries and schools will give you a better idea of what to expect from your MBA.
Let's break down some of the latest annual salary data for full-time MBA graduates in the US:
Click on the link below to continue reading or jump to the section that interests you:
Average MBA Salary in the US
MBA Salaries by Industry
MBA Fee by school
BB Takeaway: Understanding MBA Salaries
Average MBA Salary in the US
If you are an international student, you will receiveH-1B visaIt is difficult to stay and work in the US after graduation. But the good news is that salaries in the US are generally higher than anywhere else.
While undergraduate MBA salaries remain high, inflation has caused them to retreat from their all-time highs in recent years, according to the Graduate Management Admissions Council (GMAC). Latest GMAC 2022informationThe median MBA salary, adjusted for inflation, is $115,000, compared with a peak of $129,000 in 2019.
Of course, there are big differences depending on where in the US you want to study and work, and the job title and industry you choose.
What is the average salary of an MBA graduate in the US?us news networkThe following statistics are provided regarding the average starting salaries for MBA graduates of the Class of 2021:
2021 average for all U.S. schools:$106,000
Average of the 12 U.S. business schools with the highest net MBA salaries:$176,000
Average of the 10 U.S. business schools with the lowest MBA salaries:$56,000
The class of 2021 is outperforming previous years, driven by recovery from the Covid pandemic and higher salary forecasts in finance, insurance and real estate. National Association of Colleges and EmployersreviewThis shows that the average planned salary for the MBA class in 2021 is:$89,000,An 11% increase over the 2020 vintage.
MBA Salaries by Industry
Although many MBA graduates still work in consulting and finance, in today's job market you can find MBAs in a variety of industries.
Salaries vary by industry, from technology to real estate to healthcare. There is a big difference between the income earned in areas such as the financial industry and non-profit organizations.
Here, we break down the salaries for some of the most popular post-MBA careers, and check out the MBA specializations on the salary sitesalary.How much will MBA students majoring in technology, consulting, finance, or marketing earn professionally after graduation in 2022?
Average salary for a tech MBA: $111,000
As the business environment becomes increasingly data-driven, technology-focused MBA program graduates earn an average salary of $111,000. Chief information officers (CIOs) earn up to £170,000, while product managers earn an average of $99,000 and senior data analysts $103,000.
Average Consulting MBA Salary: $125,000
Consulting firms are fiercely competing for MBA graduates, pushing salaries to record highs. Big Three Consulting Firms (McKinsey, Bain & BCG) Already Do ItMBA recruits pay more2022 base salary of $175,000! Across the industry, increased demand has pushed the median salary for MBA graduates majoring in consulting and land management consultant positions to $125,000.
Average salary for a Finance MBA: $102,000
Finance MBA graduates working in the financial industry earn an average salary of $102,000, a significant increase from the average salary of $75,000 for those with a bachelor's degree in the same industry. Higher qualifications can range from $62,000 as a financial analyst to $170,000 as a CFO.
Average salary for a marketing MBA: $97,000
Marketing MBA salaries range from $59,000 for a marketer to almost three times that, $168,000, for a vice president. A number of positions pay $100,000 a year, including senior marketing manager ($112,000), marketing director ($117,000) and senior product manager ($133,000).
MBA Fee by school
While MBA tuition fees vary by institution, at most top schools, you get what you pay for. Employers know this and are willing to pay a premium for graduates who have proven their skills in the most challenging and rewarding MBA programs.
Here are three U.S. schools whose graduates consistently earn the highest salaries. The numbers below refer to the average MBA salary three years after graduation, from our listTop 20 Business Schools with Highest Earning Graduates.Average salaries are the most recent data from the Financial Times Global MBA Rankings 2022.
Average salary for Harvard MBA students: $207,000
Harvard MBA graduates can expect to earn $207,000 © HBS Facebook
According to the latest HarvardRecruitment information51% of the Class of 2021 received an average signing bonus of $30,000. Another 65 percent received other guaranteed compensation in their employment plans, averaging $37,000.
Average salary for Stanford MBA graduates: $219,000
Stanford MBA graduates can expect to earn $219,000 © Stanford GSB Facebook
Stanford MBA graduates can expect to earn $219,000 © Stanford GSB Facebook
Stanford has a prestigious business school with the highest average salary for its MBA graduates. According to recent Stanford MBA careersinformation52% received an average entrance bonus of $29,148, and 70% expected to receive a performance bonus of $78,373 immediately after graduation.
Average Wharton MBA salary: $237,000
Wharton MBA graduates can expect to earn $155,000 © Wharton Facebook
Wharton MBA graduates can expect to earn $155,000 © Wharton Facebook
77.6% of the Wharton class2021 Looking for a new job after graduation, 35.1% ended up in the financial services industry. For the 27.2 percent who entered the consulting industry, the average salary before any other benefits or bonuses was deducted was $165,000. Just 0.9 percent went into legal and professional services, earning as much as $190,000.
Understanding MBA Salaries
Ultimately, the actual compensation you receive will depend on variables such as your location, seniority, industry and work experience.
Schools outside the U.S. may also be attractive options, as they offer a richer educational and networking experience while ensuring a good salary. for example:
INSEAD, MBA students earn $189,000 three years after graduation. according to salary websitethe reception, the highest-earning INSEAD alumni are insurance professionals earning $221,000; R&D, pharmaceutical and biotechnology professionals earning $181,000; and those working in the public and non-profit sectors earning $169,000.
Or the Indian Institutes of Management (IIMs) in Ahmedabad and Bangalore, where average MBA salaries three years after graduation are more than $185,000 and $161,000, respectively. Not only do IIM MBA students earn well, but 100% of the institute's MBA students are employed within three months of graduation.
No matter where you attend business school, remember that an MBA is an investment that will pay off in your career—and remember, these projections are for your first job after graduation, and where you go from there To start, the best should surpass.
An MBA degree is part of a larger journey towards bigger and better things.
Read more about career opportunities after an MBA.
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The median starting salary for MBA graduates at US companies in 2021 was projected to be $115,000, according to a 2021 corporate recruiters survey from the Graduate Management Admissions Council (GMAC).How much does an MBA raise your salary? ›
While an MBA program is a considerable investment in both time and money, research indicates the average base salary and compensation increase for MBA graduates may be as high as $20,000 per year.Which MBA has highest salary in US? ›
STANFORD LEADS ALL B-SCHOOLS WITH AVERAGE MBA SALARY OF $182K. Consider: From 2020 to 2021, six of the top 30 B-schools saw their mean base salaries decline.What is the average salary for an MBA in 2023? ›
As of May 21, 2023, the average annual pay for a Mba in the United States is $83,209 a year. Just in case you need a simple salary calculator, that works out to be approximately $40.00 an hour.How much do Harvard MBAS make? ›
Total median compensation jumped for HBS grads in 2022, with median base salaries up to $175K from $150,500, and performance bonuses, reported by 73% of the class, up to $40K from $37K in 2021.Is an MBA better than a masters? ›
Both a Master of Business Administration (MBA) and a Master of Science (MS) degree can offer a comprehensive graduate-level business education, however an MBA will provide an interdepartmental look at how businesses run, while an MS will provide a nuanced understanding of one particular area of business.How much should an MBA with no experience make? ›
How much does an Entry Level Mba make in California? As of May 21, 2023, the average annual pay for an Entry Level Mba in California is $78,231 a year. Just in case you need a simple salary calculator, that works out to be approximately $37.61 an hour. This is the equivalent of $1,504/week or $6,519/month.How much does Amazon pay MBA graduates? ›
The estimated total pay for a MBA Pathways Operations Manager at Amazon is $218,890 per year.Can you get a high paying job with an MBA? ›
A recent survey shows that employers are considering paying their new MBA hires an average starting salary of $115,000, much higher than the $65,000 average starting salary considered for bachelor's degree holders. However, salaries vary depending on the industry.What is the best job after MBA? ›
- Project Manager. Project managers are responsible for the smooth functioning of the project. ...
- Business Analyst. ...
- Digital Marketing Manager. ...
- Business Operations Manager. ...
- Finance Manager. ...
- SAP Consultant. ...
- Business Intelligence Analyst. ...
- Product Manager.
The only answer to these questions is learning while doing an MBA at 30 or 40! You need to become a master at solving these real-life problems. And giving a break to your life to learn something new, to understand the shades of leadership, an MBA after 30 is the best option, and you can never be too late for an MBA.What is the average age to earn an MBA? ›
The average MBA student is 28 years old.
With the middle 80% age range of MBA students being 25-31 years old. This is very consistent within all of the major US colleges, with most average ages ranging between 27-29 years old. However, it is important to note that there are students outside of this age range.
It is just an average. Take Columbia Business School (CBS). While for the class entering in 2021 the average age was 28, that same class included students from 23 to 43 years old! One of the reasons that most MBA students are under 30 is that fewer people 30 and over apply.Who pays the highest salary to MBA? ›
- Operations analyst. National average salary: ₹34,642 per month. ...
- Investment banker. National average salary: ₹42,090 per month. ...
- Business consultant. National average salary: ₹43,586 per month. ...
- Project manager. ...
- Finance manager. ...
- SAP consultant. ...
- Business intelligence analyst. ...
- Product manager.
The median starting salary for MBA graduates at US companies in 2021 was projected to be $115,000, according to a 2021 corporate recruiters survey from the Graduate Management Admissions Council (GMAC).How much do Ivy League MBA graduates make? ›
The median post-MBA salary of Ivy League business schools is $147,000 whereas it is $152,700 for M7 business schools. The median base salary (MBA Class 2021) is more than $150,000 for Ivy League and M7 business schools, except for Johnson and Yale.Is having an MBA prestigious? ›
When is getting an MBA still worth it? An MBA may not be as prestigious as it once was, but that doesn't mean no one should pursue one. Studies still show that those with an MBA earn more than those with a bachelor's degree alone.Is it prestigious to have an MBA? ›
A prestigious degree and highly appreciated by employers, the MBA has several paths available to help professionals advance their careers.How hard is an MBA degree? ›
Is getting an MBA hard? There's no question that it's challenging. The good news is that you aren't alone when it comes to tackling the challenges of business school. Not only are your fellow students facing many of the same issues, but you also have access to a great deal of support and resources to help you succeed.Is MBA worth it at 40? ›
Very few schools put an age limit in the eligibility criteria. Rather, the fact that you have decades of experience can bolster your chances of admission. Whether you plan to apply for a better job, negotiate for a raise, or improve your business acumen, an MBA is a worthwhile investment.
An MBA is only worth the expense, time, and effort when the graduate plans to work in a business-related field, in management, or as a company founder. An MBA may not be useful for those working in other industries unless they are in management or leadership roles. Not all MBA degrees are created equal.Is it easy to find a job with MBA? ›
Upon completing your MBA, you may have a better chance of securing a job with a higher salary than those with undergraduate degrees. Many employers may prefer hiring candidates who have an MBA since it shows they have in-depth knowledge and training on a topic.What are the highest paid MBA streams? ›
Three of the most paid MBA specialisations include- MBA in Business Analytics, MBA in Finance and MBA in Entrepreneurship. The salaries for each of these disciplines broadly lie in the range of 70,000 USD to 90,000 USD or 60,00,000 INR to 90,00,000 INR per annum.What is the highest salary for MBA graduate? ›
MBA salary in India ranges from INR 7,00,000 to INR 12,00,000 per year for various MBA programmes. The average MBA salary in India in 2021, according to payscale, was INR 7,71,801.How much does a Yale MBA make? ›
|Industry||Base median salary|
|Finance / Accounting||$152,000|
|Marketing / Sales||$134,000|
Six-figure salaries are quite common for MBA grads who go into roles in financial services. In 2022, graduates from Stern and Tuck reported median salaries closer to the $200,000 mark, while some Harvard MBA grads made nearly $400,000 in their first year out of school, when combining base salary and bonus income.Which is the most in demand MBA? ›
- MBA in Human Resource Management (HRM) ...
- MBA in Operations Management. ...
- MBA in International Business. ...
- MBA in Healthcare Management. ...
- MBA in Marketing. ...
- MBA in Finance. ...
- MBA in Project Management. ...
- MBA in Supply Chain Management.
Technically, any Master's in the field of business administration is an MBA. After all, the acronym stands for Master in Business Administration.What does an MBA get you? ›
An MBA can enhance your marketability as a professional and increase the quality and quantity of job opportunities. Over 98% of Wharton MBA graduates are extended full-time job offers. An MBA also helps you build business leadership skills, as well as a professional network.Is 37 too old for MBA? ›
Although most incoming MBA classes have an average age in the late 20s, you're never too old to apply to business school. Age is not a criterion considered in the admissions process. If you have the academic and professional experience required, you're old enough to apply for an MBA.
You can join MBA program at any age. In-fact, if you do MBA program after more years of experience, you will find it more useful, as you have gained experience of business challenges, issues, problems etc. and also you might have discovered your own gaps in knowledge & skills.Is 25 too early for MBA? ›
If you are 24 or younger, the odds aren't in your favor. This analysis by MBA Data Guru, while unscientific, shows that many business schools penalize people that are just a bit too young. That is not to say that we haven't seen ApplicantLab users 24 and younger get admitted.What is the best age to pursue MBA? ›
Studies suggest that the best age for pursuing a normal MBA course in India is 25-27, and for an Executive MBA, it is 28-30. However, these are just numbers, and remember that you can do an MBA at any age! You can reach out to MBA degree holders and visit B-schools for additional information.Is 34 too old for MBA? ›
“You're never too old,” declared NYU Stern Associate Dean of MBA Admissions and Program Innovation, Isser Gallogly, during a panel discussion at last year's CentreCourt MBA Festival in New York City. “It comes down to work experience, it depends on what your background is and what your goals are.”Is 45 too old for MBA? ›
Still, you can be comforted in knowing that there is no age limit for higher learning. In fact, an MBA at 40 could deliver many unique benefits above and beyond those enjoyed by younger students. Still not convinced? You might change your mind once you realize how much you stand to gain from earning your MBA after 40.Who is the oldest MBA graduate? ›
The oldest candidate is Al Harms, a 68-year-old retired vice admiral of the U.S. Navy. He joined Illinois' initial January 2016 online MBA program from his home in Sanford, Fla.Is an MBA worth it at 50? ›
The answer is that each person is different. For some, enrolling in an MBA or Executive MBA (EMBA) could be the best option for personal and professional growth; even at the age of 50. For others, it could be a bad investment, offering few benefits while you fork out a huge sum of money.What is the average age of MBA students in the US? ›
Full-time program students average about 27 years old when starting their MBA programs. This fits in with the three to six years of work experience most graduate students have before starting their MBA. Most full-time U.S. MBA students have an average of five years of work experience.What is the most difficult MBA specialization? ›
MBA in Finance is one of the specialisations in MBA that has the highest salary. Which is the toughest MBA specialization? MBA in operations management is one of the toughest MBA specialisations.Which is the best MBA to become a CEO? ›
Which MBA is best for becoming a CEO? A general MBA from a top business school is a good path to take for aspiring CEOs. However, if you already have a well-rounded business education, earning an MBA in finance or another relevant discipline could also be an effective approach.
Harvard Business School graduates earn an average of US$3.6m over a 20 year, post-graduation time period, according to a new MBA salary survey.How much does it cost to do a 1 year MBA in USA? ›
MBA degrees are among the most expensive master's degrees you can get. Master's degree costs can range from $30,000 to $120,000, according to Education Data Initiative data from November 2022. This data reports that the average cost of an MBA is $61,800.What is the average salary for a Stanford MBA? ›
STANFORD 2022 MBAs' AVERAGE & MEDIAN TOTAL PAY SKYROCKETED FROM THE PREVIOUS YEAR. Just how impressive was Stanford's Class of 2022? Let the numbers tell the story: Average MBA starting salary jumped to $182,272, up more than $20K and 12.6% from 2021, by far the biggest one-year jump in the last decade at the school.What GPA do you need for Ivy League MBA? ›
High Undergraduate GPA
While Ivy League schools typically look for high-performing individuals, their MBA programs do not require a minimum GPA. That said, class profiles reveal that average GPAs often range from 3.3-3.7.
Reports suggest that MBA applications are declining, but salaries for graduates appear to be surging. Employment outcome reports from top-ranked business schools show that 2022 MBA graduates landed starting salaries that were a between 10% to 21% from the prior year.Which Business School has the highest salary? ›
- Johnson Graduate School of Management, Cornell University, USA.
- Georgetown University McDonough School of Business, USA. ...
- London Business School, UK. ...
- University of Michigan Ross School of Business, USA.
- Indian Institute of Management Ahmedabad, India. ...
SIGNING BONUS TRENDS
So, according to Relish's analysis, MBAs at schools in Tiers 7-13 saw average signing bonuses rise a whopping 63% between 2013 and 2022, from $14,367 in 2013-15 to $23,452 in 2020-22.
|Annual Salary||Hourly Wage|
“Especially when you factor in long-term career prospects, like earning potential and the ability to make an impact in an industry that's important to you, business school is a fantastic choice.” While no specific salary is guaranteed, an MBA can set you up to earn more than you would without it.Is it easier to get hired with an MBA? ›
Having an MBA puts you in a good position to excel up the corporate ladder more quickly, increase your salary, and/or start your own business. In fact, year over year, the job opportunities for business graduates has increased from 22% to 28%.
However, there being no age restriction to an MBA or EMBA means that you can pursue the degree no matter how old you are. Studies suggest that the best age for pursuing a normal MBA course in India is 25-27, and for an Executive MBA, it is 28-30.Which company pays best for MBA? ›
- KPMG Strategy.
- MicKinsey & Company.
- Deloitte S&O.
- BCG (Boston Consulting Group)
- L.E.K. Consulting.
- AT Kearney.
- Accenture Strategy.
Salary and Bonus Statistics
Some schools ask about starting and ending salary to gauge how far you've progressed at your firm. They might also compare your earnings to other MBA applicants in similar roles. Business schools do appreciate that different firms in different cities pay on different scales.
Earning a Master's in Business Administration (MBA) can help professionals enhance their career opportunities, increase compensation, and lead to job promotions.Should I add MBA to my signature? ›
Add “MBA” to your email signature, as if you're a PhD. This only takes thirty seconds to do, but you'll be amazed at the impact it has. Every single time you send an email, the recipient will be reminded of your impressive academic credentials.Does MBA pay more than Masters? ›
Entry-level salaries for MBA degree holders typically range between $77,020 and $128,750. For M.S. in management degree holders, entry-level salaries are between $50,000 and $86,000. Mid-career salaries can be between $127,000 and $152,000.What is the best MBA average salary? ›
MBA salary in India ranges from INR 7,00,000 to INR 12,00,000 per year for various MBA programmes. The average MBA salary in India in 2021, according to payscale, was INR 7,71,801. MBA is the one of the most well-paid postgraduate courses. Also Read: Best MBA Specializations with high paying jobs in India.