MBA in Hotel Management: Salary and Career Facts
Learn about the median salary of hotel managers, along with salary data based on employment experience. Find out the duties, employment outlook and education requirements. Schools offering Hotel & Restaurant Management degrees can also be found in these popular choices.
What Jobs Can I Apply For With an MBA in Hotel Management?
With a Master of Business Administration (MBA) in Hotel Management, you should have the general business and specific management skills necessary to work in the hospitality industry. As a hotel manager, you will generally work in hotels, motels, inns and resorts. You could also work in related fields, such as casino, timeshare or property management.
If you have little or no experience when starting out as a hotel manager, you might begin your career working in smaller inns or motels. You might also start your career as an assistant hotel manager of a larger lodging establishment. You could also be hired to manage a particular department within a hotel, such as the front office or the convention services department. With experience, you can become the general manager of a busy hotel, inn or resort, or the regional manager of a large hotel chain.
What Will My Job Duties Be?
Hotel managers' responsibilities vary according to their position and the size of the hotel in which they work. If you work as a general manager in a larger hotel you may oversee all the operations of the hotel to ensure it runs efficiently and smoothly. You may coordinate work between different departments and manage a large staff of hotel employees, including kitchen, housekeeping, office and maintenance staff.
As a hotel manager, you may also be in charge of the hotel's finances and work with the marketing department to determine promotional offers and room discount rates. Managers of particular departments can have more specific job duties. For instance, as a front office manager you may train the hotel's front desk staff, coordinate room reservations and oversee any issues with the hotel's website. Another important aspect of your job is attending to guests and ensuring their needs are met.
What Advancement Opportunities Will I Have?
Many hotel managers advance to higher paying positions by transferring to larger hotels, or by relocating to larger cities that offer more opportunities. If you work for a hotel chain, you could transfer to another hotel within the chain to become a regional or central office manager. Once you have gained years of experience, you may advance to a top position within a large lodging establishment, such as vice president of operations. Many universities and hotel associations offer professional certification programs for hotel managers looking to enhance their skills and employment options.
What Can I Expect to Earn?
Hotel managers' salaries vary based on a number of factors, including education, experience and an establishment's size and location. Hotel managers working in larger hotels and resorts generally have more responsibilities and, therefore, earn higher salaries. In addition, hotel managers in large metropolitan cities tend to earn more than those in small towns.
According to the U.S. Bureau of Labor Statistics, the median annual salary of all lodging managers was $46,880 in May 2010 (www.bls.gov). The middle 50% earned between $36,200 and $64,720 in that year. In addition, PayScale.com reported that the median base salaries of assistant hotel managers ranged from $29,828 to $45,560 in 2010.
Hotel managers are typically paid on a sliding scale according to experience level. Hotel managers with one year or less experience had median annual salaries between $30,453 and $47,536. Those with 20 or more years of experience had median salaries between $56,747 and $110,092, also per PayScale.com.
As a hotel manager, you may also receive bonuses that can be as much as 25% of your base salary, as well as profit-sharing benefits. Some hotel managers also receive non-monetary perks, such as free meals, parking, laundry and other services.
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