Average MBA Salary in USA in 2023

For those aiming to pursue an MBA in the USA can choose to apply across 120+ US universities. The main reason to pursue an MBA in the USA is because of the lucrative salary. The MBA salary in the USA on average is USD 115,000 as per US Labor Report 2022. 

This article aims to discuss all major aspects of MBA salaries in the USA based on US university of study, job roles and specialisation-based job roles. Check out the article for all the other major details below.

MBA Salary in USA Highlights 2022-23

The following MBA salary in the USA stats can be considered if thinking about working in the USA only after the MBA:

• As per the US Labor Report 2022, around 9,860,740 applicants were employed after an MBA in the USA.
• The hourly mean salary for MBA grads in the USA was reported to be USD 63.08.
• Whereas, the annual mean was USD 131,200 as per US Labor Report 2022 for MBA grads. 
• The highest employment for management occupations in the USA in 2022 was recorded for California at 1,273,760 and the annual average salary was USD 155,120.
• Management of Companies & Enterprises industry in the USA hired the maximum MBA grads in the USA at an annual average salary of USD 173,020. 
• On the other hand, Securities, Commodity Contracts, and Other Financial Investments and Related Activities recorded the highest annual salary of USD 225,470 categorised under top-paying industries in the USA.

Thus, applicants who are pursuing an MBA from the USA, can go for placements and earn higher-end salaries as well.  

Best MBA Schools in USA 2023-24

The following MBA schools are ranked globally by QS and THE for the year 2023 and they are as follows:

Top B-Schools in the USA	QS - Business & Management Subject Rankings 2023	THE - Business & Economics Subject Rankings 2023
Harvard Business School	#1	#4
Stanford Graduate School of Business	#4	#2
MIT - Sloan	#5	#1
Penn (Wharton)	#6	#13
UC Berkeley (Haas)	#12	#7
Northwestern (Kellogg)	#14	#14
NYU (Stern)	#16	#18
Chicago (Booth)	#19	#5
Columbia Business School	#20	#11
Yale School of Management	#25	#9

Get more details about Top B-Schools in USA here also. 

Salary of MBA in USA

Let us look at the salary of MBA graduates in the USA based on different parameters in the following sections:

Salary of MBA Grads in USA per Month

The average annual salary of an MBA graduate from the USA is close to USD 115,000. Apart from this MBA salaries vary per specialisation and job role take up. The following table throws light on MBA salary in the USA in Rupees per Month:

MBA Grads in USA	MBA Grads Salaries in Rupees per Month
Information Technology Management	INR 11,00,650
Business Development Manager	INR 9,38,546
Marketing Manager	INR 9,34,663
Financial Manager	INR 7,45,183
Health Administration	INR 7,28,550
Project Manager	INR 6,04,821
Financial Advisors	INR 5,63,026
Human Resources	INR 5,57,191
Data Analysts	INR 5,33,131
Operations Manager	INR 5,03,638

For Indian-origin MBA grads working in the USA, as per the Indian currency, they can earn up to INR 11 Lakhs based on the kind of job role they get. 

Specialization wise MBA Salaries in USA

MBA grads who complete their MBA from the USA and pursue certain specialisations can go for certain job roles in the corresponding area based on their interests. Check out the details about MBA salaries in the USA based on specialisations taken up by applicants and going for jobs in those areas of study: 

MBA Grads' Job Roles in USA	Average Annual Salary (USD)	Average Annual Salary in Rupees
Finance
Financial Manager	USD 107,658	INR 89,42,196
Senior Financial Analyst	USD 93,853	INR 77,96,120
Financial Analyst	USD 75,572	INR 62,77,566
Information Technology
IT Management Consultant	USD 152,177	INR 1,26,40,940
Systems Software Manager	USD 1,91,939	INR 1,59,43,865
Data Processing Manager	USD 81,944	INR 68,06,871
Marketing
Customer Engagement Analyst	USD 135,000	INR 1,12,14,092
Marketing Program Manager	USD 86,476	INR 71,83,332
Brand Analyst	USD 80,000	INR 66,45,388
Investment Banking
Investment Associate	USD 118,608	INR 98,52,452
Investment Banking Analyst	USD 80,041	INR 66,48,794
Senior Investment Associate	USD 66,639	INR 55,35,525
Business Analytics
Business Strategist Analyst	USD 97,903	INR 81,32,543
Business Application Analyst	USD 87,149	INR 72,39,237
Business & Data Analysts	USD 62,000	INR 51,50,176

These job roles after an MBA in the USA are not limited to these areas of study, rather applicants can also go for jobs that suit them the best. 

Salaries after MBA in USA 

Students who graduate from top MBA colleges in the USA can get placements from their respective universities. The top universities in the USA offering MBA can offer the following average salaries:

Top MBA Offering Universities in USA	Average Salaries Offered to MBA Grads
Harvard University	USD 198,180
Stanford University	USD 198,032
Columbia University	USD 194,363
New York University	USD 196,143
The University of Chicago	USD 194,792
Northwestern University	USD 189,342
University of Pennsylvania	USD 175,000
Yale University	USD 175,000
University of California, Berkeley	USD 171,000
MIT	USD 165,000

Overall, it can be concluded that MBA salaries in the USA are very high and the top-paying specialisation is Business Analytics. Applicants who are looking for management courses at the master’s level can apply for an MBA in the USA. 

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