MBA Salary Expectations

Answer 1

Many individuals in a variety of professional disciplines and industries pursue an MBA (Master of Business Administration) to improve their skills and career opportunities. An MBA degree requires a bachelor's degree and acceptance into graduate school. Course generally take about two, full-time years of studies. Because an MBA is often pursued by adults working full-time jobs, many colleges and universities offer online and accelerated educational programs. Obtaining an MBA can qualify individuals for management and executive-occupations. Some employers offer a salary percentage increase to those who obtain their MBA.

Most bachelor degree programs specialize in a sub-category of a specific discipline such as engineering, finance, information technology, human resources, business administration or life sciences. An MBA encompasses advanced education regarding many aspects of overall business operations. After obtaining an MBA, professionals hold a valuable achievement to move into management and executive level roles in their respected disciplines. Overall, obtaining an MBA increases employment opportunities and shows employers you're dedicated to your job.

An MBA degree salary varies for each occupational title. Among over 49,000 MBA degree holders reporting their wages to PayScale in 2011, average salaries ranged from $45,000 to $217,000 per year. The average MBA degree salary for those new to the workforce was approximately $47,000 per year. PayScale also reported salaries for a variety of occupations in different disciplines. Finance and accounting occupations earned salaries ranging from $45,000 to $97,000 per year, including senior-level occupational titles. Management occupations such as Human Resources Managers and Information Technology Project Managers earned average salaries ranging from $41,000 to $122,000 per year. Financial controllers earned an average salary ranging from $52,000 to $126,000 per year. Chief Financial Officers, who oversee and direct the financial operations for an organization, earned a average salary ranging from $74,000 to $217,000 per year. Many MBA occupations receive bonuses based on individual and organizational performance, which increases their salary.