Average MBA SalaryThe average MBA starting salary for candidates passing out of premier institutions can be in the range of USD 115,000 to USD 130,000 per year. At the same time, the average MBA salary for those passing out of other business schools can be in the range of USD 75,000 to USD 90,000 per year. At this point, it is important to know that average MBA starting salary depends on how good the institute from which you pass out is and how much knowledge you acquire in your two years of course duration. The starting salaries for MBA students also depend on the growth of the economy of a country. During the times of economic recession, it was observed that these salaries had reduced considerably.
Management graduates working in the government sector can also expect high salaries in the range of USD 55,000 to USD 75,000 per year. MBA graduates working in the health care sector can easily make more than USD 100,000 per year, due to the fast growth in this sector around the world. On the upper side, the MBA graduate salaries can be in excess of USD 150,000 for those having an experience of more than seven years. With an experience of more than ten years, you can earn around USD 200,000 or more depending on your position and skill. Master of Business Administration – MBA Degree Salary DataIn many careers, there is a direct relationship between educational achievement and salary growth. When it comes to a business administration degree, the impact of earning a master's can be exponential. Business degrees can put students on the right track to career success and fair salaries, but if you want to reach your full salary potential, completing a Master of Business Administration degree may be necessary. On average, MBA Salaries tend to be higher than Bachelor of Business Administration Degree salaries. Since an MBA degree can often lead to a significant salary advantage, it's not surprising that many students go on to earn a Master of Business Administration degree, despite the time and financial investment that obtaining a graduate level degree entails. Earning an MBA degree is certainly more convenient now than ever before. Thanks to a growing trend of legitimate online degree programs, students also have the option to pursue an Online Master of Business Administration Degree. Factors Influencing MBA Salaries The average MBA starting salary depends, to a large extent, on the institute from where you complete your graduation degree. Most education experts would suggest completing your MBA program from an 'A rated' college or university. Your salary and position will also depend on how well you can practically implement the concepts learned in your books. The next factor influencing average MBA salary is the location of the job. Whether it is an European country or an Asian country, those working in large and developed cities will earn more than their counterparts working in remote areas. Having said so, one should also note that the cost of living is quite high in large cities as compared to the smaller ones. The kind of employer you work for is also a deciding factor for your salary. Management graduates working for large corporations with varied business interests will earn more than those working in smaller enterprises. MBA Starting Salaries There's no question that earning an MBA degree can lead to greater job opportunities as well as higher salaries. But what can recent graduates expect when it comes to MBA starting salaries? According to PayScale's salary survey data, the median MBA Starting Salary is around $47,000. In addition to starting salaries, the Average Vacation Time for MBA degree holders just entering the workforce is around two weeks per year. Other Popular Benefits for employees with an MBA degree include a 401(k), life insurance, and paid sick leave. In addition to a regular compensation package, many employees will enjoy an annual bonus. Take a look at the chart comparing the median Bonus for MBA Degree holders to see what kind of impact experience level can have on this annual perk. Resource: |
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