The Top MBA Programs Based on Average Starting Salary

Analyzing business school salary statistics can help you identify if getting an MBA is worth the money- especially for those individuals that leave the workforce to study full-time or those that need to take out MBA student loans to continue their education. 

Whichever the case may be, the median starting salary for new MBA hires is $105,000, according to the Graduate Management Admissions Council. That $105,000 salary is $10,000 more than the median salary for any other business school or master’s degree program, and $40,000 more than having an undergraduate business degree.

The business school you attend may have the biggest effect on your post-graduate salary and signing bonus. A study from the U.S. News & World Report found that MBA’s from top-ranked programs made the most money, with an average compensation of $166,999.

Students who attend business schools towards the bottom of the U.S. News rankings, or schools that aren’t ranked at all, receive an average compensation of $53,464, less than one-third of that received by students who attend elite-level schools. 

Although there are many components that go into your starting salary-experience level, current position, etc. receiving your MBA will surely enhance your career trajectory, but it might not be overnight. At Ivy Advisors, we’ll help you through the application process and make sure it’s ready to stand out amongst your competitors. Book a consultation with us today, and begin the journey to higher education and higher power.