BUSINESS MASTER'S PROGRAMS BLOG

MBA Degree Means Greater Earning Power

Job markets are becoming more competitive as many business professionals seek a graduate business degree– 7.3 million according to the U.S. Department of Commerce. The main incentive to pursue an MBA degree or another graduate business is increased earnings potential over the duration of your career.

According to the infographic below from the U.S. Census, the average overall career earnings for people with a bachelor’s degree in business is $2,563,000. Average career earnings jumps 27% to $3,257,000 for those who earn an MBA or other master’s in business.

That average career earning potential varies by business sector. For example, those with a bachelor’s degree in business who become financial managers average $3.3 million in career earnings while those who go into retail average $2.2 million in career earnings.

Of those who continued on to earn an MBA or other business graduate degree, accountants and auditors average $3.2 million, financial managers average $3.9 million, and chief executives average $5.7 million in career earnings. Alternatively, MBAs who became teachers averaged just $2.0 million in career earnings.

In addition to giving business professionals greater earning power, an MBA degree or other graduate business program gives business professionals the skills that will help them succeed and move up the ladder in their careers.

Located in the metro Washington, D.C. area, George Mason’s MBA Program, prepares the next generation of business leaders through a rigorous, stimulating business and management curriculum based on a global perspective, industry demand, and leadership. Mason’s MBA degree is ranked #74 on the “Best Part-time MBA” list by U. S. News & World Report. Dedicated career services staff offers personalized career consulting services to students during the program and alumni after graduation.

us-census-business-pathways

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Jackie Buchy

Since 2011, I have served as the assistant dean for graduate enrollment at George Mason University's School of Business. In my role, I work with prospective graduate students to identify and select the best graduate program to meet their career goals.

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