Articles

Why an MBA Graduate Earns More Money

2009-06-12

Many people struggle with the decision of whether to continue working after college or to go back to school for a graduate degree. While there are pros and cons to both arguments, MBA jobs statistics reveal that an advanced degree represents a ticket to more money and more possibilities than with a college degree.

MBA statistics have shown that you'll greatly increase your annual earnings with such a degree more than if you have only a high school or college degree. This accounts for the kinds of jobs you're able to acquire with an MBA. There are various types of jobs that are offered to those with an advanced degree, such as MBA careers in marketing, finance, government jobs, and personal business.

With an MBA degree, you're more likely to reach an executive position within your company more quickly than if you have a college degree. An MBA trains you for advanced business occupations, the problems that may arise in such a position, and how to solve them. When getting your MBA degree, you can specialize in a specific field. An MBA in marketing will teach practical marketing skills as well as how to become a solid product manager. If going for an MBA in finance, then you'll be able to efficiently determine whether or not you have the skills necessary for the world of finance. MBA jobs in finance can open a number of doors for you. An MBA degree with a government organization shows that you're a proactive worker and that you're trained to be a doer, and less of a talker. A personal business MBA trains you to start and grow your own business, setting you up to be a successful entrepreneur.

In any of these fields, your salary with an MBA degree will likely double the job salary of those with a high school or college degree. In 2008, MBA salaries statistics of people in marketing fields hovered around $88,000 annually. The same full-time MBA salary of someone in the finance field earned an average of $92,000 annually. Someone who worked as a consultant for a private or possibly government organization could earn an average of $100,000, according to the same statistic. On top of these annual salary statistics, it's common to receive a signing bonus in any of these fields, merely for agreeing to work with the company.  On average, the signing bonus is $15,000.

In addition to the monetary incentives and fast track entry into business jobs, you'll acquire sharpened skills while earning your MBA degree including leadership, management, and organizational expertise. With an internationally recognized degree, an MBA will open up a world of careers.