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An MBA in finance gives students an average annual base salary of $106,000. These professionals can pursue careers as senior financial analysts, chief financial officers and finance directors.
The Graduate Management Admission Council found that the median salary for new hires with an MBA degree is around $125,000, while the median salary for new hires with a bachelor’s degree is $75,000.
MBA candidates, for example, take classes focused on the digital economy (ECO/535), corporate finance (FIN/571), and opportunity evaluation and value creation (MGT/576).
MBA students from the Class of 2021 earn an average first-year salary and guaranteed compensation of $155,000. Additionally, the class reported a median sign-on bonus of $30,000 and a median guaranteed bonus of $28,204. [67] The MBA program annually receives around 7,300 applications for the 850 places in the class.
The average cost of an Ivy League MBA is $100,000 a year, with tuition averaging $78,000 a year as of 2022. [1] BestColleges notes that despite the high tuition rates at Ivy League business schools, graduates from these programs have access to alumni and industry connections that can lead to middle management positions with high salaries. [9]
Forbes surveyed 18,500 alumni of 102 MBA programs and used their pre-enrollment and post-graduate business school salary information as a basis for comparing post-MBA compensation with the cost of attending the programs. [13]
MBA graduates start with an average base salary of around $97,000, with potential for significant growth, reaching between $151,951 and $172,469 within three to five years.
The MAM student "masters the art of management." MBA and MAM degrees are both Master's level business degrees that cover broad and general content. Master of Science programs in Management involve course work focusing within one areas of business such as Management Information Systems, Finance, Accounting and other areas.