Home / Average Salary Increase for Graduates of Affordable Online MBA Programs
Home / Average Salary Increase for Graduates of Affordable Online MBA Programs
Home / Average Salary Increase for Graduates of Affordable Online MBA Programs
When it comes to pursuing an online MBA program, one of the key factors that students consider is the potential salary increase they can expect upon graduation. The average salary increase for graduates of the most cost-effective online MBA programs can vary depending on various factors such as industry, location, and level of experience. However, on average, graduates of these programs can expect a significant boost in their earning potential.
According to a recent study conducted by the Graduate Management Admission Council (GMAC), the average salary increase for MBA graduates is around 50% compared to their pre-MBA salary. This means that if a graduate was earning $50,000 before completing their MBA, they can expect to earn around $75,000 after graduation. This is a substantial increase that highlights the value of obtaining an MBA degree.
It is important to note that the salary increase can vary depending on the specific online MBA program that a student chooses. Some programs may have a higher return on investment compared to others, so it is crucial for students to research and choose a program that aligns with their career goals and aspirations.
Below is a table showcasing the average salary increase for graduates of some of the most cost-effective online MBA programs:
| Online MBA Program | Average Salary Increase |
|---|---|
| University of Illinois - Urbana Champaign | 45% |
| Arizona State University | 50% |
| University of Florida | 55% |
| University of Massachusetts - Amherst | 60% |
As you can see from the table above, graduates of these cost-effective online MBA programs can expect a significant salary increase upon completion of their degree. This increase not only reflects the value of an MBA education but also opens up new opportunities for career advancement and growth.
In conclusion, the average salary increase for graduates of the most cost-effective online MBA programs is substantial and can vary depending on the program chosen. By investing in an online MBA education, students can enhance their skills, expand their knowledge, and increase their earning potential in the competitive job market.