What is the average starting salary for an MBA in the US?

Updated on : January 17, 2022 by Arthur Cooley



What is the average starting salary for an MBA in the US?

It is very difficult to generalize, but I will try to give you a wide range.

Salaries depend on the school you attend, the number of years of work experience you have before earning an MBA, and the industry that hires you and the place of publication, whether in California or less expensive places, etc.

For example, hedge funds offer the maximum salary with signing bonuses and performance bonuses that could easily exceed 200,000 per year. Usually the top 3 or 4 B schools, with one or two candidates alone, could do it. So this is a minority.

Then come the investment banking jobs from the major banks.

Keep reading

It is very difficult to generalize, but I will try to give you a wide range.

Salaries depend on the school you attend, the number of years of work experience you have before earning an MBA, and the industry that hires you and the place of publication, whether in California or less expensive places, etc.

For example, hedge funds offer the maximum salary with signing bonuses and performance bonuses that could easily exceed 200,000 per year. Usually the top 3 or 4 B schools, with one or two candidates alone, could do it. So this is a minority.

Then come the investment banking jobs from the major banks. It will be around 175K with all the bonuses. It is very difficult to get in, if you are out of the 7 best B schools or if you are an international student.

Next will be technology communications like Google. I think only Google can pay that amount of 150 thousand. Other cos technologies like Amazon, facebook, etc. in the 125K range.

The interesting segment is consulting firms, such as MBB (McKinsey, Bain and BCG), Deloitte and PWC and the other big four. This is one of the lucrative segments for international students to enter, if you manage to get an admission within the top 20 schools. Although MBB pays a little more, most consulting firms to attract talent tend to pay as close as possible. The salary and bonus can amount to around 150K. Most consultants sponsor work visas. International students should target this lucrative segment, entering the top 20 schools in the US.

Then corporate finance jobs, marketing positions, other tech costs that will be around 100K. There are also positions around 80K to 100K depending on various factors.

I'm usually a cheerleader for the benefits of higher education, but most MBAs seem to add little to no value to career prospects. Of course, MBAs are not paid; people are paid for jobs and few jobs require an MBA. Those who require an MBA tend to want one from a highly competitive program.

I once knew a woman with an MBA from a university I hadn't heard of who worked as an office manager, which is a $ 15 / hour type of job, often with no benefits. She was looking for something better. Oh, and I met a woman with an MBA from the University of Phoenix who worked like a group of dogs.

Keep reading

I'm usually a cheerleader for the benefits of higher education, but most MBAs seem to add little to no value to career prospects. Of course, MBAs are not paid; people are paid for jobs and few jobs require an MBA. Those who require an MBA tend to want one from a highly competitive program.

I once knew a woman with an MBA from a university I hadn't heard of who worked as an office manager, which is a $ 15 / hour type of job, often with no benefits. She was looking for something better. Oh, and I met a woman with an MBA from the University of Phoenix who worked as a dog groomer.

And then there's Mark Taranto, who lost more than 90% of his income, but still $ 12,000 a year was a pretty hefty salary in 1817. He may have been exaggerating the number of years since then.

The challenge in answering this question is that only the best MBA programs publish this data. Most MBA programs do not provide this data. This is a good place to start: http://www.usnews.com/education/best-graduate-schools/top-business-schools/articles/2016-03-07/us-news-data-job-rates- starting -salaries-for-mba-graduates

In general, the lower the schools rank, the less impact the MBA will have on your salary. However, the biggest challenge for salaried MBAs is the ability to promote yourself. To learn that, download the free ebook on my blog site. It's titled "Race Launch"

Keep reading

The challenge in answering this question is that only the best MBA programs publish this data. Most MBA programs do not provide this data. This is a good place to start: http://www.usnews.com/education/best-graduate-schools/top-business-schools/articles/2016-03-07/us-news-data-job-rates- starting -salaries-for-mba-graduates

In general, the lower the schools rank, the less impact the MBA will have on your salary. However, the biggest challenge for salaried MBAs is the ability to promote yourself. To learn that, download the free ebook on my blog site. It is titled "Career Launch" and is on the right hand side under "Getting an MBA to change careers?"

Salary is a negotiation. Sure, some programs have more value than others, but if you can sell yourself well, you will get more money.

The best of luck to you.

It completely depends on the school. MBA programs are not the same. A recent Duke class (where I got my MBA) had starting salaries that ranged from $ 50,000 to $ 325,000, with a median of $ 140,000 and a median of $ 138,000. Duke is generally rated between # 8 and # 12.

It wasn't typical. I was making $ 155K coming in and accepted a $ 12,000 scholarship when I left, 204 years ago.

The median starting salary at a school like Tennessee (# 39) is 97,500.

those who go to ungraded schools earn considerably less.

Salaries depend on the school you attend, the number of years of work experience you have before earning an MBA, and the industry that hires you and the place of publication, whether in California or less expensive places, etc.

According to the research, new MBA graduates earned an average starting salary of $ 115,000, more than $ 20,000 more than the average for graduates with other types of degrees, an amount that the National Association of Universities and Employers (NACE) has. predicted to continue to increase.

It depends on the institution from which you do it.

The traditional MBA curriculum —— many companies do not find it very useful these days. They expect something more from the candidate. Some institutes have revised their curriculum.

many because they prefer not to have an MBA.

So for international students, unless you study in the best universities, it is very difficult to get jobs after an MBA.

So be careful before committing 2 years and a lot of money.

By the way, what is your academic background, number of years of experience and nature of the experience, country where you are from and where did you study.

It depends on many factors.

  1. If you have done your MBA in India and have no experience then it will be difficult to get a VISA to work in USA.
  2. If you have relevant experience in India and have been able to obtain a suitable visa to work in USA, the salary could range from $ 48,000 to $ 60,000 per year. After gaining a few years of experience in the US, you can grow quickly and earn a salary of $ 100,000 more per year.

According to an annual survey conducted by the Graduate Management Admissions Council (GMAC), the average starting salary for business school graduates in the US is $ 110,000.

For anyone who comes from a middle class family (like me) and does not have a lot of disposable income, I highly recommend that you do not take an MBA in America.

My decision to go to the United States was based solely on frustration regarding the quota system to enter the IIM. In hindsight, I should have written CAT one more time and could have gotten into a good school in India.

As someone has already pointed out in previous posts, there are many factors that stack the cards against getting a job and ultimately having a peaceful life.

  1. School Classifications / Recr On Campus
Keep reading

For anyone who comes from a middle class family (like me) and does not have a lot of disposable income, I highly recommend that you do not take an MBA in America.

My decision to go to the United States was based solely on frustration regarding the quota system to enter the IIM. In hindsight, I should have written CAT one more time and could have gotten into a good school in India.

As someone has already pointed out in previous posts, there are many factors that stack the cards against getting a job and ultimately having a peaceful life.

  1. School Rankings / On-Campus Recruitment - Unless you earn an MBA from one of the top 10 to 15 MBA colleges (see Forbes list), very few recruiters would visit campus. I joined UC Davis Graduate School of Management (ranked ~ 35-40) in 2014 and over a 2-year period, I barely saw 3-4 companies actually come to campus and hire someone from our class.
  2. Cost - People very miscalculate the cost of living and other additional expenses related to living in the US It always tends to be more expensive than you initially planned. There are many random fees that come up and conferences that your university will ask you to attend that you would not have considered. So if you are a student like me who went to the United States thinking that your savings will be enough, you are in for a surprise.
  3. Internships: I got A's in every class I took and was one of the smartest kids in my class, but getting an internship as an international student is a Herculean task. As an international student, you tend to be chosen last even though you pass all the interviews / exams / tests. I applied for about 1500 positions to get about 30 interviews. People might say my résumé might have been crap, but the UC Davis “Professional Development Team” had carefully scrutinized my résumé several times. I landed an internship a month after Summer Quarter in June 2015. At least 3 of my international colleagues either did not get an internship or decided not to seek internships due to the bad job market.
  4. Sponsorship: I have been turned down for a position countless times just because I need a sponsorship. American employers often tend to hire only American graduates for managerial positions. Even bigger companies like Intel, HP, Cisco, Visa do not sponsor H1B visas for MBA candidates. It is difficult for companies to justify hiring an international employee when they can easily find a local candidate to fill the position. To avoid this complexity and legal problems, companies avoid hiring international students altogether.
  5. Job Search: If the internship was a pain, the job search after graduation is even worse. I would have easily applied for over 2000 jobs to finally secure my dream job in Boomtown, where I currently work. Professional development teams try to help you, but they also give up. Since most of the class already have offers by the time you graduate, they don't care how few people are left. As long as the school numbers are 90% +, the CD team believes they did a good job.
  6. H1 B: Even after doing all the hard work and finally landing a job at a company that is ready to sponsor your H1B visa, your fate is decided by the H1B visa lottery. For MBAs, there is only one opportunity to apply for the H1B compared to graduates of master's programs belonging to STEM who have 3 opportunities. Of the 5 Indian students in my group, 1 did not get a job, 2 were not chosen in the H1B lottery and I had to return to India and the remaining 2 got an RFE in our H1B.
  7. RFE (Request for Evidence) - Make sure you hire the attorney who will present the documents on time. I received my RFE on August 23, 2017, and my attorney did not submit my documents until November 7, which was a week before the due date. Even after constant reminders and all documents being available 2 months in advance, things can go wrong if your attorney just completely sucks.
  8. Visa Interview: My RFE was approved on Nov 19, 2017 and I flew back to India to get my H1B visa stamped. Today was my visa interview and I received a white note that will take between 1 week and 2 months to be approved. In the new administration, RFE and White Slips are delivered like candy, adding to the frustration of the already complicated process.

Over the past 3 years I have lost a lot of brain cells wondering if I made the right decision to go to the US Even after doing everything right, I may waste a ton of money on fees and not get it simply because you were out of luck. .

I urge everyone considering not just an MBA but any other program in the US to do all the research before taking on a large loan to pay your fees. Anyone who tells you otherwise, graduated before 2013 when almost everyone who applied for an H1B visa either obtained one or has a bank balance that is not affected by fees.

India is currently developing quite fast and I am sure there are better opportunities available here rather than wasting a few years of your life, sleep, hair, health and peace of mind.

PS: My answer is based on my personal experience and the experience of my classmates and may not be applicable to everyone.

You're right. I'm not sure of the exact percentages, but it's difficult. Especially after Trump. The problem is that the companies that want to hire you have to pay for your visa and tell the US government that they can't find a better-suited American for that job than you. Nobody is very interested in taking that risk. You have to be a phenomenal student with more than a 3.9 out of 4 GPA to even think about it in today's scenario.

A friend of mine passed away from North Eastern University with a Master of International Business and had to return to India after not being able to find a job in the United States for almost 7 months.

Keep reading

You're right. I'm not sure of the exact percentages, but it's difficult. Especially after Trump. The problem is that the companies that want to hire you have to pay for your visa and tell the US government that they can't find a better-suited American for that job than you. Nobody is very interested in taking that risk. You have to be a phenomenal student with more than a 3.9 out of 4 GPA to even think about it in today's scenario.

A friend of mine passed away from North Eastern University with a Master of International Business and had to return to India after not being able to find a job in the United States for almost 7 months. And here it was also problematic because the idiots of our country don't know shit about foreign universities and their courses. They told him that since his course lasted less than 24 months, it cannot be considered a degree in Management. This is bullshit.

You would be better off doing your MBA in Canada (George Brown, Uni of British Columbia, Toronto, York, Uni of Quebec, McGill uni, etc.). Or you can watch NUS Singapore and Grenoble in France. Grenoble is cheaper than NUS, has several branches and is well recognized. These are places where you can study and have the opportunity to get a job easily. The United States and the United Kingdom are bad at the moment. Students taking science and technology courses don't have much trouble in the US.

MS seems like a better option, but I don't know if analytics falls into science and technology. If you mean business analytics, it will still be difficult.

Most universities have scholarships for students, there are also funding agencies. I think the Tata Group has one of those agencies. Educational loans are very expensive and not recommended.

You will not face many problems when it comes to your education. But work could be a big problem.

Let me start by expanding on this.

The US net worth per capita is $ 345,000.

Or that was until a couple of years ago, so more or less. In other words, there are approximately $ 113 trillion in total household assets in the United States divided by approximately 328 million people.

But that's a silly number, right? That includes people of all ages, it includes billionaires and the homeless, everything. It doesn't really give you an idea of ​​the wealth potential of a certain person.

It just isn't specific enough.

And neither is looking at the average CS graduate at any level, with or without an MBA, etc.

A personal example. I person

Keep reading

Let me start by expanding on this.

The US net worth per capita is $ 345,000.

Or that was until a couple of years ago, so more or less. In other words, there are approximately $ 113 trillion in total household assets in the United States divided by approximately 328 million people.

But that's a silly number, right? That includes people of all ages, it includes billionaires and the homeless, everything. It doesn't really give you an idea of ​​the wealth potential of a certain person.

It just isn't specific enough.

And neither is looking at the average CS graduate at any level, with or without an MBA, etc.

A personal example. I personally know several people with a computer science degree and an MBA. At the highest level, you work at Microsoft and earn $ 450,000 / year in total package. At the other extreme, $ 16.00 / hour with no benefits. That's a little over $ 30,000 a year.

An average income of $ 240,000 / year for BS in CS and MBA ...

But that's not really an accurate picture.

You can go to Bachelor of Science (BS / BSc), Computer Science (CS) Salary on PayScale and see that average earnings look like this:

Software Engineer: 83k Software
Developer: 69k
Senior Software Engineer: 115k

That's the average, and yet where I live in Seattle, 115k for a real senior engineer, not just a talented title, it's unrealistic at all. If I was offered 115k for a senior position that didn't come with a lot of equity, I wouldn't even try to negotiate. We are too far apart, even if the work is great. But me in Phoenix? We are talking about that.

Location, position, negotiation and person.

That's what will make the salary what it is, and it really is all four.

I have met two engineers with identical titles, the same company, and quite agree with the same contribution to the team. One negotiated options and base salary better and earned literally $ 85,000 more than the other.

Grade-level averages are too general and do not provide much information. If you insist on looking at a few of those numbers, PayScale (link above) has them all.

Other Guides:


GET SPECIAL OFFER FROM OUR PARTNER.