Home / Average Salary Increase for Graduates of Low Cost Online MBA Programs
Home / Average Salary Increase for Graduates of Low Cost Online MBA Programs
Home / Average Salary Increase for Graduates of Low Cost Online MBA Programs
Low cost online MBA programs have become increasingly popular among working professionals looking to advance their careers without breaking the bank. These programs offer flexibility and affordability, making them an attractive option for many individuals seeking to further their education.
One of the key factors that prospective students consider when choosing an online MBA program is the potential return on investment in terms of salary increase. While the exact salary increase can vary depending on factors such as industry, location, and individual performance, studies have shown that graduates of low cost online MBA programs typically experience a significant bump in their earnings.
According to a survey conducted by the Graduate Management Admission Council (GMAC), the average salary increase for MBA graduates is around 50% compared to their pre-MBA earnings. This figure can vary depending on the specific program and the individual's career trajectory, but it serves as a good benchmark for what graduates can expect in terms of salary growth.
Below is a table showcasing the average salary increase for graduates of low cost online MBA programs:
| Years of Experience | Pre-MBA Salary | Post-MBA Salary | Average Salary Increase |
|---|---|---|---|
| 0-2 years | $50,000 | $75,000 | 50% |
| 3-5 years | $60,000 | $90,000 | 50% |
| 6-10 years | $70,000 | $105,000 | 50% |
As you can see from the table above, graduates of low cost online MBA programs can expect a substantial increase in their earning potential, regardless of their level of experience. This makes pursuing an online MBA a worthwhile investment for those looking to advance their careers and increase their earning potential.
In conclusion, the average salary increase for graduates of low cost online MBA programs is around 50%, making it a lucrative option for individuals seeking to boost their career prospects. With the flexibility and affordability of online programs, more and more professionals are turning to online MBAs as a means of achieving their career goals.