Got money on your mind? You're not alone! Many prospective MBA candidates are looking for high-paying positions post-graduation. Read this Guest post from our partners at GMAC and learn how to estimate your post-MBA salary.
What Will you Make After Your Degree?
With an MBA or other graduate business degree, you'll gain a host of advantages that range from the personal to the profession to the financial. As a graduate you’ll enjoy a competitive edge in the job market, meet and interact with an impressive cohort of fellow professionals, create lasting connections with your classmates, and enjoy new and challenging opportunities.
Further, from GMAC’s research, we’ve found that hiring demand for MBA and specialized business master’s graduates is up around the world. But let’s be honest, one of the most important benefits you’ll enjoy after your MBA or other graduate business degree is a higher salary.
In GMAC’s annual survey of corporate recruiters, we found that the median starting salary for MBA grads in 2015 will nearly double that of bachelor’s grads at US-based companies. Specifically, these companies said they plan to offer recent MBA graduates at a median starting salary of $100,000 compared with a median of $55,000 for bachelor’s grads.
This is, of course, a median number. The world of business is broad, encompassing a wide range of careers and levels, each with its own set of responsibilities and salaries. For example, a C-suite executive in manufacturing can expect $230,000, while an entry-level professional in the energy sector can expect $70,000. So, what salary can you expect if you get an MBA or another graduate business degree? That depends on a number of factors unique to your situation, including your industry and job level.
We made it easy for you to take these factors into account by building an interactive tool based on data from more than 6,600 alumni that lets you estimate the salary you can expect after you get your degree. Simply choose your industry and job level and GMAC’s tool will provide the median salary for graduates that matches your selections.
The tool will also provide you with supporting information gleaned from the alumni we surveyed, including the 25th and 75th salary percentiles, levels and sources of career success, degree value, knowledge usage, and personal career impact. Learn from the experience of these alumni and what you can expect after your degree by visiting the tool below.
The financial rewards of an MBA or other graduate business degree combined with the added benefits of a professional network, increased job opportunities, and the accelerated career advancement graduates enjoy make for an exceptional return on investment. Of course, pursuing your MBA or other graduate business degree has costs, both financial and personal, but our salary tool will get you closer to a true estimate of your earning potential and help you make a more informed decision on whether an MBA is right for you.
Content provided by the Graduate Management Admission Council® (GMAC®), makers of the GMAT® exam.
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