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Average MBA Salary

The Master’s Degree in Business Administration is a university degree designed to equip students with a wide range of skills and knowledge that are relevant to business and management. Since management and business strategies are essential for every company, MBA graduates enjoy a high level of employability and a multitude of career options.

Business-school students in reputed programs make heavy investments to earn their degrees. Many or all of them work out the returns on these investments well beforehand. A few students may be able to estimate what their earnings might be 5, 10, 15, or even 20 years after graduation. In-depth surveys by management-education experts often come to their aid.

Graduate business management programs hardly hold the same sway; some earn better-quality rewards and some bring quicker rewards for their alumni. Alumni of full-time two-year MBA programs make good their investments in less than four years after graduation, on average, as per the Global Management Admission Council’s (GMAC’s) “2016 Alumni Perspectives Survey,” which covered 275 programs in 20 cities worldwide in late fall 2015.

Alumni of full-time one-year MBA courses take only two-and-a-half years on average to recoup their investment, in view of the lower fees and the shorter period away from work.

MBAs in North America can expect to recoup their money in only 44 months, according to the “QS Return on Investment Report: North American Full-Time MBA 2015,” which surveyed 85 top b-schools in the region.

This is hardly surprising, considering that an MBA alum in North America sees a post-MBA pay gain of as much as 75 percent on average—the average pre-MBA salary of $52,723 jumps to $91,417 after an intellectually enriching two years on a b-school campus.

What about RoI over longer periods? Most b-school alumni do extremely well financially throughout their careers. According to the QS report, North American MBAs are likely to make an RoI (return on investment) of $500,000 10 years after graduation and $2.57 million in 20 years on average.

Degrees from 28 b-schools in North America earn 20-year RoI of over $3 million for their alumni. The average 20-year RoI goes up to $2.71 million if only the US is taken into account. It is $1.5 million if Canada alone is considered. The QS survey points out that there are difficulties in making such long-term estimates and explains that the findings carry a 20 percent margin of error.

Average MBA Salary After 5 Years

Strategy

What you need to know: What sets this MBA specialization apart from the rest—and could be the reason why this is the top-paying concentration on our list—is because it requires a mastery of business theory, teaching students how to think “big picture” about management decisions that influence a company’s success.

What you’d make: $127,000 per year

Common jobs and salaries for MBAs with a strategy concentration:

• Management consultant: $123,000 per year
• Senior product manager: $141,000 per year
• Finance manager: $120,000 per year

Find strategy jobs on Monster.

Technology management

What you need to know: While management jobs in the technology sector don’t necessarily require an MBA, this concentration can help you become a better leader as you move up the career ladder.

“Usually people who move into technology management positions started off as developers, software engineers [or] software architects, and move into [management] roles because they have a better understanding of the technology,” Bardaro says.

What you’d make: $113,000 per year

Common jobs and salaries for MBAs with a technology management concentration:

• Information technology (IT) director: $147,000 per year
• Vice president of IT: $177,000 per year
• Senior project manager, IT: $130,000 per year

Find technology management jobs on Monster.

Entrepreneurship

What you need to know: Have a great idea, but don’t know what to do with it? An entrepreneurship MBA concentration can help you develop the skills, resources, and connections you need to build a business successfully.

What you’d make: $106,000 per year

Common jobs and salaries for MBAs with an entrepreneurship concentration:

• Senior product manager: $135,000 per year
• Product manager, software: $110,000 per year
• Management consultant: $126,000 per year

Find entrepreneur jobs on Monster.

Finance

What you need to know: Finance is known as an MBA-heavy field, even at the junior level. Financial analysts and portfolio managers often either have an MBA or are working on one.

What you’d make: $103,000 per year

Common jobs and salaries for MBAs with a finance concentration:

• Finance manager: $112,000 per year
• Chief financial officer: $183,000 per year
• Senior financial analyst: $86,300 per year

Find finance jobs on Monster.

General business

What you need to know: This MBA concentration takes a generalized approach to give students well-rounded business knowledge that’s required to analyze business trends, understand a company’s finances, and manage a team of workers.

What you’d make: $99,900 per year

Common jobs and salaries for MBAs with a general business concentration:

• Business development director: $156,000 per year
• Director of engineering: $167,000 per year
• Operations manager: $84,000 per year

Find general business jobs on Monster.

Economics

What you need to know: This concentration offers in-depth knowledge of economics—even outside of the traditional business world—by teaching students how to put economic theory into practice.

What you’d make: $97,400 per year

Common jobs and salaries for MBAs with an economics concentration:

• Finance director: 120,000 per year
• Senior financial analyst: $85,000 per year
• Finance manager: $120,000 per year

Find all economics jobs on Monster.

Marketing

What you need to know: While marketing is not an area that requires an MBA for low-level jobs, it has become very popular for workers to get MBAs in this field, especially at the higher job levels and even in careers outside of marketing. That’s because an MBA in marketing teaches skills in mathematics, communications, analytics, and management that can be applied across industries.

What you’d make: $95,500 per year

Common jobs and salaries for MBAs who specialize in marketing:

• Vice president, marketing: $183,000 per year
• Marketing director: $121,000 per year
• Marketing manager: 78,900 per year