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In this article, we'll break down average MBA salary by factors including: Industry. Location. School attended. Years of work experience. We'll also offer data that examines average MBA salary increases and salary growth over time. Factors that influence MBA salary
According to data from the Graduate Management Admission Council (GMAC), while MBA starting salaries saw a downward turn in previous years, salaries increased substantially in 2023. The latest GMAC 2023 report shows that the average median salary for MBA adjusted for inflation is $125,000, compared to $115,000 in 2022.
Among the 124 ranked full-time MBA programs that reported salary data to U.S. News in an annual survey, the overall average base salary plus bonus paid to 2023 graduates was $128,997.
The roundup below summarizes those salary surveys and then presents data correlating salaries with MBA concentrations and industries. The average salary and bonus package that MBA graduates earned in 2023 was $128,997, according to the latest data from the U.S. News & World Report (2024).
This is your in-depth guide to MBA salaries, including the average MBA starting salary for different industries and MBA programs as well as the factors that could affect how much you earn as an MBA graduate.
Are you ready to discover your college program? The 2024 Graduate Management Admissions Council (GMAC) Corporate Recruiters Survey projected that 2024 MBA graduates will earn a median starting salary of $120,000. However, multiple factors affect earning potential for workers with MBAs.
According to PayScale's survey of tens of thousands of MBA graduates, the average salary of MBA graduates is estimated much lower at $98,000, with typical jobs ranging from financial analyst...
The average salary for a MBA Graduate is $148,429 per year in United States. Salaries estimates are based on 21 salaries submitted anonymously to Glassdoor by a MBA Graduate employees in United States.
Discover what an MBA salary looks like and which MBA specializations lead to the most financially rewarding careers. The median annual MBA salary was $115,000 in 2021, according to a recruiter...
MBA Salary Guide: How Much Does an MBA Make? It's not a myth: having an MBA is strongly associated with earning higher-than-average salaries. On average, a person graduating with an MBA can expect a 119% increase in salary within three years, says Marco De Novellis, senior editor for Graduate Management Admission Council's BusinessBecause ...