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Should you get an MBA?
An MBA can significantly enhance financial and career prospects, with a reported expected median starting salary of $110,000 for recent graduates, markedly higher than those with a bachelor's degree. The document highlights the benefits of MBA programs, indicating that a majority of alumni find their education personally and financially rewarding, as well as effective in preparing them for leadership roles. Key job functions for MBA graduates include marketing, finance, and consulting, with increasing hiring demand anticipated.
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Should you get an MBA?
- 1. Should you getan MBA? A bigger salary and rewarding career await! Considering an MBA? Whether you’re a recent graduate or an established professional, investing in yourself through a business master’s degree can go a long way in producing positive financial, professional, and personal returns. Get started today with the only official study guides from the makers of the test! TOP SIX JOB FUNCTIONS for recent business school graduates: Marketing | Business Development | Finance | Data Analytics | Consulting | Operations/Logistics Sources: 2017 Graduate Management Admission Council. Corporate Recruiters Survey. Survey: http://www.gmac.com/market-intelligence-and-research/gmac-surveys/corporate-recruiters-survey.aspx ©2017 Graduate Management Admission Council (GMAC). All rights reserved. GMAT logo is a trademark and GMAT® is a registered trademark of the Graduate Management Admission Council in the United States and other countries. 3 in 4 alumni AGREE their management education was financially rewarding Hiring demand on the rise Percentage of companies, globally, who planned to hire MBA graduates: $110,000 STARTING SALARY Expected median starting salary for recent graduate MBA new hire in 2017 (US dollars) $50,000 MORE THAN recent bachelor’s degree recipients ($60,000 expected starting salary in 2017, US dollars) $70,000 Master of Accounting $92,500 Master in Management $80,000 Master of Finance Median base salary for specialized business degrees in 2017 (US dollars): More than 4 in 5 agree their education prepared them for leadership positions 9 in 10 alumniconsider their degree personally rewarding 75% say their degree offered opportunities for quicker career advancement 75% 2012 2013 2014 2015 2016 2017 79% 73% 80% 84% 88% 86% Financial reward Personal reward