MBA Graduates

Can you tell me in detail about the MBA (Master of Business Administration) graduate starting salaries as I want to be sure about it before taking admission in the course?

[Kiran Chandar]

Average MBA starting salary depends on the school where one studied the course. Salary level and position gained can also depend on how well one can practically implement the concepts learned in books.

An important factor which could determine an MBA graduate’s salary is the location of the job. Jobs situated in Europe or an Asian country, particularly those jobs located in large developed cities would recognize a higher salary than those positions in more remote areas.

At present, the average starting salary for MBA graduates can be as high as $110,000 to $130,000 per year for those graduating from top ranked institutions, while MBA graduates from other schools can earn in the range of $75,000 to $90,000 per year.

MBA graduates who find work within government roles can also expect salaries in the range of $50,000 to $75,000 per year, while those working in health care can expect upwards of $100,000 per year.

An indicative look at the type of increase that could reasonably be expected by MBA graduates as they progress in employment:

• Under 1 year – $50,427
• 1 to 4 years – $56,090
• 5 to 9 years – $74,053
• 10 to19 years – $94,038
• Over 20 years – $103,600

Location
Here are some average MBA graduate salaries based on state:
• California – $96,599
• New York – $95,083
• Massachusetts – $89,267
• Illinois – $83,998
• Pennsylvania – $78,536
• Texas – $78,532
• Florida – $67,130

Average MBA Salaries Based on City:
• New York City – $102,869
• Boston – $95,605
• Los Angeles – $94,243
• Chicago – $89,495
• Atlanta – $82,410
• Houston – $80,711
• Dallas – $80,595

Salary range for MBA graduates by type of role
Senior Financial Analyst
$60,200 - $98,940
Financial Analyst
$45,104 - $90,359
Chief Financial Officer (CFO)
$76,048 - $212,666
Marketing Manager
$48,777 - $112,058
Project Manager, Information Technology (IT)
$62,327 - $126,547
Operations Manager
$45,186 - $114,986
Finance Manager
$64,395 - $118,489