15 Highest-Paying Jobs For MBA Graduates | Top-Paying MBA Jobs
The highest-paying jobs for graduates of MBA programs are found in various industries, including financial services, healthcare, management, and technology.
Earning a Master of Business Administration (MBA) creates opportunities to follow numerous career paths. Most people don't want just any job — they'd like to find the highest-paying jobs with a master's degree in business administration.
Fortunately, many jobs with attractive salaries are available. Below, we'll highlight the highest paying jobs for MBA graduates. We'll also answer frequently asked questions about the best MBA jobs, including which ones offer six-figure incomes.
Highest Paying MBA Jobs
Are you a recent graduate or experienced professional looking for the highest paying jobs with an MBA degree? Explore the list below to discover MBA job opportunities offering top annual salaries.
The following salary information was gathered from reputable sources such as the U.S. Bureau of Labor Statistics (BLS), which provides official data on wages, employment trends, and job outlooks across various industries. Please note that these salaries are based on national averages. The actual salary will vary depending on experience level, geographic area, and other factors.
1. Chief Executive Officer (CEO)
Estimated Median Salary: $206,680
A chief executive officer (CEO) is a top executive who guides the overall direction of an organization. Duties include implementing business policies, directing financial activities, and appointing department heads.
CEOs can have a bachelor's or master's degree in any field; however, obtaining a business degree with a specialization in a specific field (e.g., healthcare management or information technology) is common. Employers typically hire applicants with years of proven experience in their industry.
2. Chief Technology Officer (CTO)
Estimated Average Salary: $163,132
A chief technology officer (CTO), or chief technical officer, is a top executive who oversees an organization's technological needs. Depending on the CTO's specific role, they might focus on data maintenance or technology used to provide quality customer service.
A bachelor's degree in computer science or IT is a great starting point for this career; however, an MBA can help candidates stand out. Prospective CTOs commonly need over a decade of experience to gain consideration for this role.
3. Chief Financial Officer (CFO)
Estimated Average Salary: $159,213
Chief financial officers (CFOs) ensure organizations function within their budgets and meet all financial obligations. Duties include:
- financial planning
- strategic decision-making
- risk management oversight
- policy development
- effective stakeholder communication
A bachelor's degree in accounting, business, or finance, or an MBA, can help candidates secure this role. Certifications like the Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) are also beneficial.
4. Senior Product Manager
Estimated Average Salary: $158,896
Senior product manager roles are among the highest paying jobs for MBA graduates. These professionals oversee product management by guiding the product lifecycle, getting customer feedback, and working with senior decision makers to communicate necessary improvement.
Qualifications for this career often include earning a bachelor's degree and gaining at least five years of experience in project management. Some employers prefer applicants with an MBA.
5. Marketing Manager
Estimated Median Salary: $157,620
A marketing manager identifies markets and gauges the demand for an organization's products and services. They also create pricing strategies and collaborate with sales, public relations, and product development teams to boost profits and strengthen client satisfaction.
Employers commonly hire applicants with a bachelor's degree in marketing, communications, or business; however, some prefer a master's degree like an MBA. Work experience in marketing, advertising, or promotions is often required.
6. Financial Manager
Estimated Median Salary: $156,100
Financial managers oversee a company's financial health. In addition to creating financial reports and meeting legal requirements, they analyze market trends and guide investment activities.
Individuals interested in becoming financial managers should earn a bachelor's degree in business or economics and consider an MBA. Gaining five or more years of experience and a Certified Government Financial Manager (CGFM), CPA, or CFA credential is also recommended.
7. Human Resources Manager
Estimated Median Salary: $136,350
Human resource managers direct an organization's administrative functions by managing recruiting efforts, hiring processes, and employee benefit programs. They also determine the best ways to use employee talents.
A bachelor's degree in human resources or business is recommended for these top-paying business jobs; however, some employers prefer candidates with an MBA. Certifications from the Society for Human Resource Management (SHRM) and other associations are usually voluntary.
8. Sales Manager
Estimated Median Salary: $135,160
Sales managers oversee the process of delivering services and products to customers. They accomplish this goal by monitoring customer preferences, communicating with distributors, and training sales staff. Other duties include preparing budgets and resolving customer complaints.
Sales management careers typically start with a bachelor's degree in business, though earning an MBA could help boost qualifications. Gaining several years of sales experience is also recommended.
9. Investment Banker
Estimated Average Salary: $121,224
Investment bankers help businesses seeking funding for expansions or operational costs connect with investors interested in providing the funds. Also known as securities, commodities, and financial services sales agents, these professionals manage initial public offerings (IPOs), guide company acquisitions, and more.
Investment banking careers usually require a bachelor's degree in business for entry-level roles and an MBA for advancement. A Financial Industry Regulatory Authority (FINRA) license is required for this position.
10. Health Services Manager
Estimated Median Salary: $110,680
A health services manager, or healthcare administrator, oversees medical and health services for hospitals, doctor's offices, nursing care facilities, and beyond. Some duties include developing healthcare service goals, ensuring facilities comply with laws, monitoring budgets, and supervising staff members.
A bachelor's degree with a major in a health-related field is usually required to snag this position; however, some employers prefer a master's degree like an MBA. Depending on the place of employment, managers might need to obtain a state-issued license.
11. Operations Manager
Estimated Median Salary: $101,280
Operations managers ensure daily business operations flow smoothly. Common responsibilities of this role include planning the use of materials, formulating organizational policies, making staff schedules, and ensuring project completion.
Educational requirements could vary by industry; however, employers commonly seek operations managers with a bachelor's degree in business administration or an MBA. Candidates generally have five or more years of experience in operations management.
12. Financial Analyst
Estimated Median Salary: $99,890
Financial analysts, often categorized as buy-side or sell-side analysts, help individuals and businesses make spending decisions to gain profits. They assess financial data, study economic trends, analyze financial statements, and recommend investments to include in portfolios.
Starting this career usually requires a bachelor's degree in business, though some companies prefer an MBA or related master's degree. Candidates might also need FINRA licensure and CFA certification.
13. Supply Chain Manager
Estimated Average Salary: $99,677
Supply chain managers direct the process of supplying goods to clients. Some common duties of this position include:
- creating strategies to source, store, and move goods
- establishing the supply chain framework
- communicating with suppliers, distributors, and internal departments
Though applicants typically need at least a high school diploma to secure one of these high-paying business jobs, some employers seek candidates with a bachelor's degree in business or MBA. Several years of experience in supply chain management can enhance qualifications.
14. Personal Financial Advisor
Estimated Median Salary: $99,580
Personal financial advisors help individuals manage finances by providing tax, insurance, investment, mortgage, and other recommendations. These professionals also discuss goals, research investment opportunities, select products, and monitor client accounts for changes.
A bachelor's degree in math, business, or social science is often required to start this career, but a master's in finance or an MBA can improve qualifications. Depending on the advisor's duties, they may need to attain a combination of licenses.
15. Management Consultant
Estimated Median Salary: $99,410
Management consultants, or management analysts, help companies become more efficient and assist managers with increasing business profits. In this role, analysts conduct onsite observations, recommend procedures, and create solutions or alternative practices.
Employers look for candidates with a bachelor's degree in business or an MBA and the Certified Management Consultant (CMC) designation. Some consultants opt for entrepreneurship instead of working for consulting firms or traditional companies.
FAQs About the Best MBA Careers
Do you want to begin your search for post-MBA jobs with the highest salaries? Explore the FAQs below to learn more about the best jobs with an MBA.
What Jobs Require an MBA?
While not many career opportunities require an MBA, some employers seek candidates who understand business analytics, data science, business management, data analytics, and other concepts explored in business school. Common job titles for MBA students include:
- chief financial officer
- human resources manager
- supply chain manager
- operations manager
- health services manager
Can You Make 6 Figures With an MBA?
Yes, you can secure a six-figure income with an MBA. Chief executive officers earn an estimated median MBA salary of $206,680 annually. Some of the other highest paying jobs with an MBA that bring in this salary include chief technology officer and senior product manager roles, earning $163,132 and $158,896 per year.
Can an MBA Increase My Salary?
Whether you've secured a traditional MBA or taken the unconventional route and completed an online MBA program, this degree can result in more earning potential. The highest-paying careers are largely linked to degree type.
Data from the BLS revealed that workers with master's degrees bring in higher salaries than individuals with bachelor's degrees. This means an MBA salary is likely to be higher than one for a bachelor's in business.
Find an MBA Program
Take steps toward a fulfilling business career by exploring the degree programs listed on Learn.org. Contact a college today and discover how they can help you reach your career goals.