What Is the Median Salary with a MBA?

Graduating from a Master of Business Administration (MBA) program can provide you with the business knowledge and tools needed to achieve your career goals. Your earning potential depends on your experience, job function, job title and location, as well as your school. Read on to get median salary info for MBA graduates. Schools offering Business degrees can also be found in these popular choices.

Salary Overview

Your earning potential as an MBA graduate can vary based on a variety of factors, including experience, industry, job function and geographical location. Earnings may even vary based on which school you graduate from. For example, Ohio State University (Fisher) reports that student who completed its MBA program in 2015 had a starting median salary of $100,000. On the other hand, Harvard University reports that its MBA students who graduated in 2015 earned a median base salary of $130,000 (www.hbs.edu).

Important Facts About MBAs

Professional Certification Certified Masters of Business Administration (CMBA)
Key Skills Interpersonal, problem solving, clear communication, active learning, organization, social awareness, leadership
Work Environment Primarily in office settings
Similar Occupations Chief technology officer, health services manager, high-end management consultant, information technology director, investment banker

Salary by Location

In addition to experience and education, employers often pay people based on the cost of living in the area, so salary may vary based on geographical location. For instance, people in California tend to make more than people in Ohio, because the cost of living in California is generally higher. Sample salaries for most graduates with MBAs by location, according to November 2015 PayScale.com findings, include the following:

  • New York City: $57,371 - $134,741
  • Chicago: $50,078-$119,432
  • Houston: $52,087-$119,138
  • Atlanta: $53,490-$122,886

Salary by Job Title

MBA graduates are qualified for a wide array of positions in corporate, public and non-profit organizations. Your earning potential can vary widely based on what career path you choose to pursue. Below are a few examples of potential job titles and corresponding salary ranges as reported by PayScale.com in November 2015:

  • Senior financial analyst: $64,277 - $98,136
  • Chief financial officer: $82,619 - $224,031
  • Operations manager: $46,360 - $116,477
  • Marketing manager: $49,121 - $117,728
  • Finance manager: $65,614 - $115,883

Salary by Employer

In November 2015, PayScale.com reported median salaries for MBAs working for various employers. Some of these included the following:

  • JP Morgan Chase & Co.: $61,052 - $131,094
  • IBM: $61,002 - $127,814
  • The Boeing Company: $61,606 - $118,452
  • Hewlett-Packard: $54,631 - $134,054
  • Bank of America: $45,570 - $122,803

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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