MBA students take time away from work to return to school with the hope that their graduate studies pay off both immediately after they graduate and on into the later stages of their careers. But, just what is the expected salary increase from earning an MBA?
Many factors influence MBA earning potential after graduation, so understanding what salaries look like across industries, geography, and career stage is important for mediating expectations once job opportunities like promotions and industry or role changes come after graduation.
According to the most recent market intelligence released by the Graduate Management Admission Council’s Corporate Recruiter Survey, the average salary for MBA graduates is holding steady at $115,000 compared to $75,000 average for bachelors-only graduates. The range of salaries for MBAs, however, is wide, beginning with a low of $75,000 and rising to $230,000.
Scheller’s MBA programs are focused on successful student journeys from the moment they are admitted. That success takes many forms, including career advancement, expanding professional networks, greater job security, and personal growth and fulfillment. Scheller also recognizes the importance of corollary career advancement and salary growth.