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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.
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).
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.
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...
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.
P&Q analyzes all the 2023 salary, bonus and placement data for the leading MBA programs in the United States.
Where employers paid the best starting MBA salaries and bonuses at top business schools for grads in the Class of 2022
However, you can find average MBA starting salary estimates in several publications, including these: $109,159, according to U.S. News and World Report, which calculated the average base salary from the 124 ranked full-time MBA programs that provided data for 2023. In addition,108 schools reported signing bonuses averaging $22,776 1.
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...