Average Overall Salaries for MBA Graduates
The Graduate Management Admission Council (GMAC) reports that as of 2015, the entry-level median salary for an MBA graduate was $100,000. In addition, roughly 62% of employers during this time planned to offer MBA graduates a $15,000 signing bonus. The highest paying industries for MBA graduates were management, finance, and accounting, per GMAC.
According to GMAC, some additional industry hiring factors for MBA graduates may include skill level, region, experience and program type. For example, 96% of Northeast companies were projected to hire candidates with an MBA, while 90% of those in the South were expected to do so. In the 2013 GMAC survey, the difference in average annual salary for these two regions was $100,000 for the Northeast and $92,000 for the south. These variances may be due to the cost of living in these regions.
Find schools that offer these popular programs
- Actuarial Sciences
- Business and Commerce, General
- Business Statistics
- Customer Service Management
- Logistics, Distribution, and Materials Management
- Management Science
- Office Management
- Operations Management
- Public and Nonprofit Organizational Management
- Purchases, Acquisitions, and Contracts Management
- Transportation Management
MBA Graduate Salaries by Profession
Nearly every profession includes some form of management position. Employees looking to achieve greater financial standing and advancement within a company often reach those goals by earning MBA degrees. Professionals who take the initiative to provide broader management skills for a company may receive rewards, salary increases, incentives and promotions. MBA degree programs typically require students to specialize in an area of management, and the U.S. Bureau of Labor Statistics reports annual median salary earnings for a variety of management positions. It's important to note that nearly all of these positions require extensive prior work experience.
|Management Area||Median Annual Salary (May 2014)|
|Natural sciences managers||$120,050|
|Computer and information systems managers||$127,640|
|Human resources managers||$102,780|