A recent article in Forbes mentions that graduates of MBA programs can expect to receive a 50 percent increase in pay as compared to their pre-MBA salaries. It’s difficult to list a specific salary range for participants in an MBA program Santa Clara because graduates end up in various leadership positions in a variety of industries.
MBA candidates come from a variety of backgrounds. They are leaders in their own right – able to quickly grasp ideas and make them work to their organization’s benefit. Although they must already be leaders, their leadership experience doesn’t have to be in a corporate environment. For example, they might have successfully lead a project in their undergraduate studies, or they might be an inspiring teacher. Whatever their backgrounds, MBA candidates are driven to make things happen.
MBA graduates move on to a variety of fields. Their studies and experience makes them viable candidates in just about any industry. Sample careers are a follows: • Chief Financial Officer A chief financial officer in a company is among the top executives of that company. While many CFOs hold only a bachelor’s degree, those that work for large companies often have a MBA degree. Salary levels for these leaders often are well over $150,000, according to the Bureau of Labor Statistics.
• IT Project Manager The salary of an information technology manager is often well over $100,000 per year with just a bachelor’s degree. Add an MBA and the salary goes up considerably. IT project manager who pursue MBA degrees often work while pursuing the degree. So, when they graduate, they present both experience and a strong educational background – making them solid candidates for leadership positions. • Operations Managers
Operations managers oversee the production and services functions of their organizations. Their salary range is wide and can be anywhere from the mid $40 to over $100,000 per year. Larger companies often require an MBA degree. Further, operations managers at these companies sit at the top executives table, and their salaries are comparable with their peers.
The cost of an MBA degree varies by institution and whether the candidate attends full or part-time. While part-time students will pay more in fees, full time students often give up out two years. Whether the financial trade off is worth it depends on the goals of the candidates. Judging from the aforementioned sample careers, candidates might be able to recoup their financial outlay with their post-graduate salaries.