There are many reasons why students choose to embark on their Masters in Business Administration journey. For some, what brings them back into the classroom is the networking opportunities and the likelihood of a bigger promotion in the future. For others, the goal is to increase the chance of a higher pay rate. Ultimately, investing in a solidly accredited MBA program can help both full-time students and working professionals achieve all of these goals.
Workplace plays an interesting role in the earnings of early career MBA graduates. For example, the average starting salary for MBA graduates in the state of Florida is $58,641 compared to New York where the average starting salary is $75,846. The New York location alone can affect potential salary, and in this case nearly $20,000.
What is a post MBA salary?
According to a recent MBA.com survey, US employers plan to offer their new MBA hires an average starting salary of $115,000. For professionals already in the field, that figure is around $95,000, even higher than bachelor’s graduates, who can expect to earn an average of $65,000.
MBA salaries in the United States are naturally higher than those of pure bachelor degrees.
MBA in Marketing Salary in India
An MBA in Marketing can help a person in this field improve their interpersonal and communication skills, help them think outside the box and develop their leadership skills improve.
Careers for which an MBA in Marketing may be suitable include corporate marketing, digital marketing, retail marketing, brand management, product management, and customer relationship management.
According to the Bureau of Labor Statistics, executive jobs will increase by 5% between 2019 and 2029. This is much faster than the average for all jobs and it will create 505,000 new jobs. jobs by 2029.
The demand for MBA graduates is increasing because organizations want to continue growing and at the same time new companies are entering the market. As a firm grows its business, it needs experts who can effectively solve business problems.
MBA in Finance Salary in India
MBA in finance graduates can find lucrative opportunities in various sectors like corporate finance, credit risk management, asset management assets, sales and trading, treasury, hedge fund management, and more.
The table below shows the average annual salary for a Finance MBA in India. Salary increases with experience and industry knowledge.