Pursuing Masters in Business Administration (MBA) has been a dream for many, especially those who wanted to scale up their career growth multiple times. As the competitive world is growing, so is our need to achieve greater milestones in terms of position, career and money of course. The United States of America is known to be one of the prime destinations for studying MBA. The USA is home to some top business schools offering a fertile ground for MBA graduates.
If you wish to pursue an MBA in the USA then you must have the understanding of post-MBA salaries in the USA. In this blog we will be sharing detailed insights about the kind of salaries a graduate can expect after doing his MBA from the US.
Over the past few years MBA has emerged as a great degree and the employees are valued across all major industries. In the US an MBA is not just any graduate program done from the USA, but there involves a lot of practical training including internships and other networking opportunities. Networking and building connections is quite an important aspect of an MBA’s profile. In this article below, let’s take a look at the popular fields for MBA in the USA.
Popular Fields for MBA Graduates
Some of the popular MBA fields which aspirants usually prefer are:
- Finance
- Consulting
- Healthcare
- Technology
Many executives who are currently successful say that attending business schools have actually contributed to their career success. Job applicants with MBAs on their resumes always stand out according to the employers. An MBA done from the USA is a gateway to business leadership positions and the upper management roles involve really high salaries. \
Finance Sector
The finance if we talk about allure aspirants preferring to study MBA in USA because of their high salaries and immense growth opportunities. Private equity, hedge funds, investment banking and corporate finance are among the top in the most sought-after fields. Salaries in investment banking are the highest with base salaries ranging from $150,000 per year. Some of the popular companies are JP Morgan Chase, Morgan Stanley and Goldman Sachs.
Healthcare Sector
For MBA graduates this sector is yet another lucrative one. There is an increased demand for the MBA graduates for management roles such as hospital administration and pharmaceutical management etc. in the healthcare industry. As far as salaries are concerned, salaries range from $120,000 to $150,000 per year. Some of the well known companies are: Pfizer and Johnson and Johnson etc.
Consulting
Popular consulting firms such as McKinsey offer competitive salaries to MBA graduates. MBAs are required in consulting for their strategic thinking and analytical skills. The salaries range from $120,000 to $150,000 per year.
Technology Sector
There is a surge in technology companies and startup culture is flourishing too which is why there is a great demand for MBA graduates in these tech companies for various roles of product management, business development and corporate strategy etc. Companies like Apple, Amazon and Google are known for their plush office setups and competitive salary packages often including performance-based bonuses.
Most Popular MBA Schools in the USA
| Top B-Schools in the USA | QS Rankings |
| Stanford Graduate School of Business | #1 |
| Penn (Wharton) | #2 |
| Harvard Business School | #3 |
| MIT – Sloan | #4 |
| Columbia Business School | #8 |
| UC Berkeley | #13 |
| Yale School of Management | #16 |
| NYC (Stem) | #17 |
Salaries of MBA Graduates in the USA
The below mentioned average annual salaries of MBA graduates in the USA based are based on their job roles:
| MBA Graduate Job Roles in USA | Average Annual Salaries |
| Senior Financial Analyst | USD 93,853 |
| IT Management Consultant | USD 152,177 |
| Data Processing Manager | USD 81,944 |
| Customer Engagement Analyst | USD 135,000 |
| Marketing Program Manager | USD 86,476 |
| Brand Analyst | USD 80,000 |
| Investment Associate | USD 118,608 |
| Business Strategist Analyst | USD 97,903 |
| Business Application Analyst | USD 87,149 |
| Business & Data Analysts | USD 62,000 |
MBA in USA Salary Insights
According to the US Labor Report 2023, around 9,860,700 applications got the job after completion of their study MBA in USA and the hourly mean salary for MBA graduates was reported to be USD 63.08. For the management roles in the USA, the highest employment was recorded in California in the year 2023 and the annual average salary was USD 155,120. This clearly shows that applicants pursuing MBA in the USA can actually earn great salaries on the completion of their MBA. However, the best way to maximize the benefits of MBA program is to first consider career goals.
A clear understanding of the career goal is required as MBA applicants have to clearly explain their purpose or goal as to why they want to attend this business school. Thus, it is always better to have a clear goal oriented approach and then you can further decide on the MBA program you would want to pursue.