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Yahoo
6 days ago
- Business
- Yahoo
What is the average MBA salary?
The average MBA graduate can expect to make six figures as their base salary, with the average salary coming out to around $120,000 annually. The average MBA salary varies by state, with Washington, New York, Massachusetts, Alaska and Vermont earning the highest wages. Your exact salary will depend on your location, your job role and experience. If you're considering or pursuing a Masters of Business Administration degree (MBA), the investment could be worth it. An MBA is one of the best-paid graduate degrees you can receive since it could lead to a six-figure salary. That said, how much an MBA graduate earns depends on several factors, such as where they live, where they graduated from, what kind of industry they work in, as well as experience and any specialized licenses gained. According to the Graduate Management Admission Council's 2024 Corporate Recruiters Survey Report, the average starting salary for U.S. MBA graduates is around $120,000, whereas PayScale estimates the average salary for an MBA graduate to be $100,000. An MBA salary depends on four things: Where you live Which school you attended Your exact job Experience MBA graduates take on a wide variety of roles from product developers to financial officers or chief operating roles. The higher you climb, the higher your salary will be. Below are some of the highest-paying jobs for MBA graduates by industry: Industry Median MBA salary Legal and professional services $225,000 Consulting $190,000 Financial services $175,000 Manufacturing $165,000 Technology $162,750 FinTech $157,500 Your exact MBA salary is set based on a variety of factors, and research has shown they can significantly affect how much you get paid. How many years you've spent in your role directly correlates with how much you get paid, but even new MBA graduates can make six figures. Generally speaking, the more professional experience you have, the higher your salary. The following table shows how an MBA grad holder's salary tends to increase over time: Years of experience Median MBA salary 4-6 years $122,000 10-14 years $166,000 15+ years $200,000 While the gender pay gap has improved over the last 57 years, it persists. Women continue to earn less than men for doing similar jobs. Right after earning an MBA, the average pay for women in their first post-MBA job was $131,449 compared to an average pay of $140,007 for men — an $8,558 gap, according to a 2024 Forté Foundation online survey. According to the Forté Foundation's research, the gap widens even further when the MBA survey participants were asked to reveal their current salaries. While the average current salary for males was $216,487, the average current salary for women was $179,987 — a $36,500 difference. Level of experience Men Women Pre-MBA $80,852 $86,338 First job post-MBA $140,007 $131,449 Average current salaries $216,487 $179,987 Location plays a big role in how much you can expect to earn. Cities with higher living costs tend to have higher average salaries, while states with lower living costs tend to have lower average salaries. The demand for MBA roles in a state can also impact the average salary. For example, regions with high demand for MBA-level jobs often have higher average wages. Below are the states with the top-five highest, mid-range and lowest average salaries: State Average MBA salary Washington $187,300 New York $180,923 Massachusetts $180,607 Alaska $178,097 Vermont $175,833 State Average MBA salary Illinois $160,250 Maine $160,113 Wyoming $158,959 Nebraska $157,674 Indiana $157,362 State Average MBA salary Louisiana $141,414 Georgia $139,638 Arkansas $136,747 West Virginia $126,026 Florida $123,582 Different MBA programs may foster more knowledge and skills that allow you to go after high-paying roles at the companies you apply for. Accredited programs will typically hold more weight than nonaccredited programs. If you go to a program that has a network of successful alumni, you have a better chance of earning a higher salary since they tend to hire or start new things with other alumni. Students who graduated in 2024 with MBAs from these schools had the highest average starting salaries: School Salary Stanford University $221,471 University of Pennsylvania (Wharton) $213,129 University of Chicago (Booth) $212,211 Harvard University $210,125 Massachusetts Institute of Technology (Sloan) $205,270 Dartmouth College (Tuck) $204,090 New York University (Stern) $203,176 Columbia University $202,234 Northwestern University (Kellogg) $202,225 Cornell University (Johnson) $200,405 Ultimately, the question of whether an MBA is worth it depends on your career aspirations and how much you may need to borrow to pay for your program. According to SoFi, the average MBA graduate takes on $81,218 in debt just to complete graduate school. Nellie Gaynor, an IvyWise MBA and graduate school admissions counselor, thinks an MBA from a top-tier school is definitely worth it: Studies back up Gaynor's observations. The Graduate Management Admission Council's 2024 Corporate Recruiter Survey Report shows that U.S. MBA graduates' starting salaries are roughly 1.75 times higher than those of bachelor's degree holders. Keep in mind: Some high-level business careers don't require an MBA. For example, you don't need an MBA to become a CEO. As a result, it's important to consider whether you can earn a higher salary without earning a degree. If you're unsure whether an MBA would help, speak with your current employer or individuals who work in your desired career field. Earning an MBA could lead to a significant increase in your salary, depending on where you live. Some states have average salaries close to $190,000, though you should take into consideration years of experience, what type of job you pursue and other factors that may impact your earning. Before you shell out thousands of dollars on an MBA program, weigh the pros and cons to see if it's the best career move for you. Which MBA gives the highest salary? Your potential MBA salary depends on which school you attend, where you live and the field you choose. According to average salary data, those who work in legal and professional services have the highest salaries. The state with the highest salary for MBA graduates is Washington. Stanford University boasts the highest salary for graduates. What is the average lifetime salary for an MBA graduate? In general, salaries increase the longer someone works in the field. People with four to six years of experience make a median salary of about $122,000, while people with 15 or more years of experience earn a median salary almost double that at $200,000. If you factor in the total years of experience, the median salary comes out to be about $133,000 per year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hindustan Times
21-05-2025
- Business
- Hindustan Times
GMAC's launches Advancery, a tool targeted at MBA aspirants
Growing global economy, the need for skilled professionals, and the increased demand for managers in the workplace had led to a surge in popularity of business management courses. As per the current market research the global MBA Education Market is anticipated to reach US$ 83.08 billion in 2032, up from a valuation of US$ 48.7 billion in 2023. With growing demand, students are often at their wit's end to pick the best course that suits their requirements as well as budget. This is where Graduate Management Admission Council (GMAC), a non-profit association of leading business schools steps in. GMAC - that also owns and administers Graduate Management Admission Test (GMAT) - specialises in connecting future business leaders from around the world with educational opportunities. GMAC is present in key regions, including China, India, the United Kingdom, and the United States. Each year, more than 13 million prospective students rely on GMAC and its platforms, such as and the GMAT examination, to explore MBA and business master's programs, connect with leading business schools worldwide, prepare for entrance examinationss, and receive guidance on successfully navigating the application process. For more than 15 years, the GMAC Prospective Students Survey has provided the world's graduate business schools with critical insights into the decision-making processes of people currently considering applying to a graduate management education programs. The survey explores trends in the candidate pipeline, program preferences, mobility considerations, and career goals. It builds on previous years' results with more detailed information about candidate interest in artificial intelligence (AI), along with data from new questions about desired business skills and how candidates might feel about a future employer's position on sustainability. The report also considers candidates' plans for financing their degree; preferred communication channels; decision-making factors; degree and format preferences; geographic mobility; and preferred careers. In an exclusive interview, Adam Witwer, Chief Product Officer, Graduate Management Admission Council (GMAC), talks about GMAC's newly launched Advancery. Advancery is an innovative platform designed to guide candidates through their business education journey, with future expansions in development. As an AI-powered tool, Advancery aims to help candidates identify the skills they need to advance their business career, choose the best-fit program, and stay on track throughout the application planning process in one place, a unique all-in-one platform unlike any others. Advancery allows candidates to ditch the spreadsheets and transform their to-do list into an actionable calendar to help candidates stay on track from essay to deadlines. In addition, we're building even more ways to support candidate journey, including coaching, exclusive discounts on GMAC products and services, tools to explore branching career paths, and more on the Advancery website. Navigating the path to the best-fit programs can be time-consuming and even overwhelming. With Advancery, we aim to empower candidates to gain clarity, confidence, and peace of mind in the process. Advancery aims to serve as a hassle-free solution that helps individuals map out and pursue their goals whether it be searching for a career change or eyeing a promotion, starting from step-by-step skill assessments to address skill gaps, fast and easy side-by-side comparison of programs of interest, to streamlined and simplified application planning in a one-stop shop. Our analysis leverages over 10 million posts, comments, and upvotes on Reddit, providing our users with insights into what real applicants, students, and alumni are saying about professional development, student life and well-being, institutional support and resources, and community and inclusivity. These are real conversations and informative insights critical to all the candidates out there contemplating taking the next step on their business education journey. GMAC's proprietary dataset is powered by smart technology that pulls info straight from school websites - the most sourced place of information according to our recent surveys of prospective students around the world. The GMAC team personally reviews and verifies the data to make sure it is accurate, up-to-date, and reliable. Advancery users will be able to evaluate individual interests, skills, and experiences and provide in-depth analysis to generate a personalised skill development plan, highlighting the key competencies a business aspirant or career professional will need to succeed in a target role or industry. Advancery users can explore programs based on location, cost, modality (online, hybrid, in-person) and time commitment – then compare them side by side. Users can compare not just the basics, but also the aggregated sentiments of other users across the internet, as realised through the Reddit data. Note: For more information/help, email: advanceryhelp@
Yahoo
02-04-2025
- Business
- Yahoo
GMAC Launches Advancery: AI-Powered Education Research & Planning Platform to Propel Business Aspirants and Professionals to Success
A revolutionary tool offering streamlined career growth with personalized insights and data-driven recommendations RESTON, Va., April 2, 2025 /PRNewswire/ -- Interest in business education is surging as recent graduates, career changers, and entrepreneurs seek to sharpen their skills and stay competitive in an AI-driven world. It is in this backdrop that the Graduate Management Admission Council (GMAC), a non-profit organization leveraging its wide and long-standing connections with leading business schools, today announced the global launch of Advancery, an innovative platform designed to guide candidates through their business education journey, with future expansions in development. Business school candidates and professionals recognize the need to adapt—whether to accelerate career growth, pivot industries, or build businesses that anticipate evolving market demands—yet many struggle to navigate the overwhelming array of options and make informed decisions. As business schools evolve to meet the demands of the modern workplace with a wide range of programs on offer to support professional career advancement—from MBA, master's, online programs, certificates to one-off courses, it can be hard for people to identify the best program to meet their career goals. This is where Advancery comes in. The new tool delivers a holistic, personalized approach that connects career ambitions, program selection, and application strategy in a unified experience. "Choosing the right business school can be one of the most consequential decisions in one's lifetime, and Advancery aims to make it informed and effortless for all the candidates out there contemplating taking the next step," said Adam Witwer, chief product officer of GMAC. "With over 70 years of expertise in data science and offering solutions to connect talent with the right business schools for them, we're excited to introduce Advancery—a powerful, user-friendly tool that empowers business school candidates to easily identify, plan, and achieve their educational and career goals." To be ready for the business education of tomorrow, GMAC is committed to continuously evolving to meet the needs of candidates, with new resources to better serve them. As the authoritative source for global business education data, GMAC's Advancery platform offers: Verified Program Data – Up-to-date, AI-validated insights from business schools worldwide. Real Conversations, Real Insights – Analysis of millions of online discussions from applicants, students, and alumni on program types, formats, length, and return on investment. Personalized Skills Assessment – Step-by-step guidance to help candidates identify key competencies and match with programs aligned to their career goals. Advanced Search and Comparison – Ability to explore programs based on location, cost, scholarships, online vs. in-person formats, and time commitment, then compare them side by side. Streamlined Application Management – A smart, all-in-one platform that transforms application planning into an organized, step-by-step journey, keeping candidates on track with built-in tools and deadlines. "This tool is kind of perfect. I don't have to maintain an Excel sheet or another document to just go through the schools I'm targeting or what each one is looking for," said Siddhant D., an early adopter of the tool. "There is no doubt that the global pipeline for higher education is changing, with millions of business-minded students and professionals looking to upskill, reskill, or change careers," said Joy Jones, CEO of GMAC. "As GMAC and the global business school community adapt to meet the growing demand for quality education in today's skills-driven economy, we believe Advancery will help candidates maximize success in their educational and career trajectories." For candidates interested in gaining clarity, confidence, and peace of mind in their business education journey, they can learn more at New users can experience the full suite of features with a complimentary 7-day trial, providing a risk-free opportunity to explore all the benefits. GMAC's Advancery is currently building even more ways to support a candidate's journey, including coaching and other tools to explore and expand on career paths. About GMAC The Graduate Management Admission Council (GMAC) is a mission-driven association of leading graduate business schools worldwide. GMAC provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test™ (GMAT™) exam is the most widely used graduate business school assessment. More than 13 million prospective students a year trust GMAC's websites, including to learn about MBA and business master's programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master's programs. BusinessBecause and GMAC Tours are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States. To learn more about our work, please visit View original content to download multimedia: SOURCE Graduate Management Admission Council Sign in to access your portfolio
