What is the Expected MBA Salary Increase?
- Overview
- Which MBA is Right for Me?
- What Qualifications Do You Need for an MBA?
- What is the Best Age to Earn an MBA?
- How Hard is an MBA? Challenges You May Face Pursuing an MBA
- What Are the Highest Paid MBA Concentrations?
- MBA Graduate Salary: Earnings Potential and Financial Benefits
- What Jobs Can You Get With an MBA?
- Overview
- Which MBA is Right for Me?
- What Qualifications Do You Need for an MBA?
- What is the Best Age to Earn an MBA?
- How Hard is an MBA? Challenges You May Face Pursuing an MBA
- What Are the Highest Paid MBA Concentrations?
- MBA Graduate Salary: Earnings Potential and Financial Benefits
- What Jobs Can You Get With an MBA?
Return on Investment of an MBA
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 post-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 MBA graduate salary is holding steady at $120,000 compared to $69,320 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.
Estimated MBA Earning Potential
|
Full-time MBA
|
Evening MBA |
Executive MBA
|
|
|---|---|---|---|
| Pre-MBA Average Salary | $64,483.91 | $87,123 | $138,571 |
| Average Salary at Graduation | $117,292 | $123,108 | $165,930 |
| Average Salary Increase 3 Years After Graduation | 154% | 79% | 63% |
| Average Salary 3 Years After Graduation | $197,040 | $161,239 | $229,802 |
Learn more about the highest paid MBA concentrations.
Alumni Testimonials: MBA Financial Benefits
Full-time MBA ‘17
Evening MBA ‘12
Executive MBA ‘15
There’s More to Compensation Than Salary
While an increased salary is one reason to get an MBA, there are other compensation benefits to consider that could have big payoffs over time. Look beyond the salary numbers at other perks like bonuses. U.S. companies, for instance, offered new hires an average starting bonus of $10,500 in 2022. As of June 2023, 4.9% of all U.S. job postings mention a signing bonus. Other compensation benefits include professional development, vacation time, yearly bonuses, stock options, health benefits, and in-person vs. in-office work cultures.
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