What You Can Expect to Earn with an Online Accredited MBA Degree October 12, 2009
How much money can you make with an online accredited MBA? Good question!
Here are some important facts to consider in addition to the statistics when it comes to the salary amount you can expect with an online accredited MBA:
1. An online accredited MBA degree does not automatically guarantee a huge salary. Since the accredited online MBA can apply to a wide range of industries, salaries will vary based on a number of factors including the type of industry you work in and the school you go to.
2. Graduates from top schools tend to make the highest earnings. That means it is all the more important to find a high quality online accredited MBA degree program.
3. In this recession many companies are having a hard time affording the higher salaries of online accredited MBA degree holders and many are out of work. In addition, with high unemployment rates comes higher enrollment for programs including online accredited MBAs. Before you get in debt with student loans to pay for your online accredited MBA, be aware that the competition may be more difficult with so many MBA graduates flooding the market.
Now, down to the numbers! Below are some interesting examples of how much you can earn with an online accredited MBA degree:
Median salary by Gender:
Median salary for women with MBA: $67,084
Median salary for men with MBA: $89,728
Median salary by Industry:
Median salary for MBA in Financial Services Industry: $86,007
Median salary for MBA in Health Care Industry: $79,472
Median salary for MBA in Information Technology Industry: $90,647
Median Salary by Employer Type:
Median salary for MBA at College/University: $58,493
Median salary for MBA at Hospital: $78,314
Median salary for MBA at Company: $85,479
Median Salary by Experience:
Median salary for MBA with 1 year or less experience: $50, 509
Median salary for MBA with 5-9 years experience: $74,566
Median salary for MBA with 20+ years experience: $111,255
Median Salary by Type of MBA Degree:
Median salary for MBA degree: $80,041
Median salary for MBA in Technology Management degree: $87,285
Median salary for MBA in Mechanical Engineering degree: $93,249
Traditionally, an online accredited MBA degree is practically a guarantee for a high paying job with opportunities for advancement. With crisis comes change and as different industries boom or collapse and the government works to stabilize our economy, such a guarantee for the online accredited MBA degree may be less secure. Keep an eye out for online accredited MBA programs that show promise of employment in the years to come and hopefully you can enjoy the many benefits of such a versatile degree.






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