An MBA is a Master of Business Administration, a graduate-level degree given to a student who graduates from a business school program.

Pay off details:

On average, MBA graduates are likely to earn around 50 percent more than they did before gaining their qualification, proving that undertaking an MBA delivers great return on investment of time and money for those students who are capable of succeeding in this popular degree.

Pay scale details:

Under 1 year – $50,427
1 to 4 years – $56,090
5 to 9 years – $74,053
10 to19 years – $94,038
Over 20 years – $103,600

Location wise pay scale:

Average MBA Salaries Based on City:

New York City – $102,869
Boston – $95,605
Los Angeles – $94,243
Chicago – $89,495
Atlanta – $82,410
Houston – $80,711
Dallas – $80,595

Salary range for MBA graduates by type of role

Senior Financial Analyst
$60,200 - $98,940

Financial Analyst
$45,104 - $90,359

Chief Financial Officer (CFO)
$76,048 - $212,666

Marketing Manager
$48,777 - $112,058

Project Manager, Information Technology (IT)
$62,327 - $126,547

Operations Manager
$45,186 - $114,986

Finance Manager
$64,395 - $118,489