How Much Will an MBA Raise My Salary?
HRPeople and Payscale
In general, more education will result in higher pay, especially when it comes to business. That’s why so many professionals decide to pursue an MBA. MBAs often lead to career acceleration as well as higher salaries. In fact, according to a Graduate Management Admissions Council (GMAC) survey, MBA graduates in 2005 could expect to earn an average salary of $106,000, with some even earning average signing bonuses of $40,000. Many MBAs even find themselves in high demand after graduation with two or more job offers that give them leverage to command a higher salary.
On average, a person with a Master’s degree earns $31,900 more per year than a high school graduate—a difference of as much as 105%!