The rate of employment and salaries for MBA graduates are significantly higher than those for graduates of other master’s programs, further illustrating the value employers place on the degree.
“An MBA not only gives you an advantage in the global marketplace, but it also teaches you to be adaptable in an economy where career-switching and constant changes are the norm, not the exception,” Dean Thomas Robertson, Wharton School at the University of Pennsylvania said.
What is an MBA?
The Master of Business Administration (MBA) is a master's degree in business administration (management). The MBA degree originated in the United States in the early 20th century when the country industrialized and organizations sought new approaches to business management. The value of an MBA degree extends not only to the business world, but can be an additional benefit to those in managerial positions in other industries.
One of the key questions a student ponders when embarking on an MBA is what is its return on investment. What is a business graduate degree really worth?
- 10% Growth of MBA Salaries during the last decade
- Annual Median Base Salary: $125,000
- Estimated Annual Bonus: $25,000
- Upon graduation, average percentage increase in salary is 81% (2 year MBA) and 53% (part time MBA)
- MBA graduates in North America, recoup the cost of their MBA program in 44 months.
- 85% of Full time MBA graduates have a job within three months of graduation