Expect a Salary Increase According to BusinessWeek, graduates who earn an MBA degree generally enter into consulting, accounting / finance, management or sales / marketing. A post-MBA employee can expect to receive a pay increase or an elevation in position. Depending on the industry and specialty the pay increase may range from ten percent to 82 percent; moreover, an MBA graduate will likely experience a return of investment on tuition within three-to-five years.  Accounting: Salaries The average salary within the accounting industry is currently $68,695 and varies depending on education and experience. Economics: Salaries Graduates with a degree in economics earn, on average, high salaries. A survey by the National Association of Business Economists found the median annual base salary for economists was $83,076. Finance: Salaries Salary ranges in the finance industry vary quite a bit depending on experience and clientele. Average salaries range from $50,904 through $200,000. Consulting: Salaries According to Forbes.com the recent MBA graduate who enters a consulting firm earns an average salary of $108,887 per year. Management: Salaries Salaries vary substantially by type and level of responsibilities and by industry. According to a salary survey done by Executive Compensation Reports, a division of Harcourt Brace & Company, the median salary for CEOs of public companies from the fiscal year 1998 Fortune 500 list was approximately $800,000. Three quarters of CEOs in the nonprofit sector made under $100,000 in 1998, according to a survey by Abbott, Langer & Associates. Marketing: Salaries According to the Bureau of Labor Statistics, median annual earnings in 2007 were $78,250 for advertising and promotions managers, $104,400 for marketing managers, $94,910 for sales managers and $86,470 for public relations managers. Earnings ranged from less than $38,400 for the lowest 10 percent of advertising and promotions managers, to more than $145,600 for the highest 10 percent of marketing and sales managers. Sales: Salaries A starting salary for an Account Executive is $58,640 to $78,117 plus commission. Top performing sales representatives averaged $127,429 including commission. Sales executive pay ranges from $123,737 to $237,286 with an average bonus of $15,000 per year.  |
